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Angeles district, and a powerful Chicago station has been added.
Still others will be added as soon as our co-workers make possible.
AND ALL THIS GROWTH AND INCREASED POWER AND SCOPE OF THE
WORK HAS BEEN ACCOMPLISHED WITHOUT INCREASED EXPENSE!
Look at the financial progress of this work. As your
know, the work is incorporated under the name of the Radio Church
of God as a non-profit religious association. It is officially
income-tax exempt by the Bureau of Internal Revenue, and all
offerings sent as donations (including your tithes) up to 15% of
you net taxable income are automatically deductible from your
income tax. A year ago this work had NO ASSETS except office
equipment and supplies and some college equipment. Money
previously paid on the college property was then necessarily on a
lease-and-option basis. We were threatened a year ago with losing
it all. God performed a miracle last December and the obligations
were met, and the property deeded over to the corporation, the
Radio Church of God. Today, largely because we have more than
doubled the value of our properties thru improvements and diligent
labor of our students and helpers, the work of God can show assets,
over and above liabilities, in excess of $200,000! I must explain,
however, that these assets are in the form of equity in the college
properties---not in cash, and not in such form that we could
possibly get any money from these assets now to help us meet
expenses. Yet these assets represent rapid financial strides thru
this past year, and show that this work is gradually getting on a
sound financial basis. Thru such a year of trial and test, this
financial stability is almost unbelievable, and definitely shows
GOD'S GUIDANCE in good and sound business management, and GOD'S
BLESSING!
Nevertheless, while the ACTIVITIES of this work, and the
RESULTS accomplished, and the BLESSING FROM GOD, have steadily
increased thru this year, our co-workers have at the same time
STEADILY LET DOWN!
Gradually, we have been heading toward a severe crisis.
On and on it has crept, and NOW THE SITUATION IS DESPERATELY
ALARMING!
LISTEN, dear Co-Workers! This means we are heading
straight and rapidly toward the DEATH of this work! We do,---AND
MUST---pay our big radio stations AS WE GO. We cannot go on the
air UNLESS THE TIME IS PAID FOR! And when enough money does not
come in, all I can do is STOP! Once again we shall be cut off
XEG and other powerful stations UNLESS THOUSANDS OF DOLLARS ARE
RUSHED TO US IMMEDIATELY!
Co-Workers, it is MOST embarrassing for me to have to
tell you again, that unless you RALLY---unless you immediately send
in to this work money you had planned for something else,---THIS
VOICE YOU HAVE HEARD PROCLAIMING THE TRUE GOSPEL THAT JESUS BROUGHT
TO THE WORLD WILL BE STILLED! --- and this time, at this season of
the year, out time will be sold to others and we probably will
NEVER get it back!