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Page 8 text:
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Captain Lerch Colonel Mouso Lt. Colonel Smythe Miss Farrancl Mrs. Lerch General Farrornd Mrs. Smythe
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Page 7 text:
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i949 Lima? P '51-0 wwf' Zwfyveza
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Page 9 text:
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n 1939 the stockholders of St. Iohn's, for the best interests oi the School, donated all stock to a non-profit corporation which had been organized. The stock was donated outright: not one of the stockholders received any com- pensation for their stock. '- The new corporation is governed by cr Society of eight members, cur- rently composed of General Farrand, Miss Dorothy Farrand, Colonel Mouso, Lieutenant Colonel and Mrs. C. T. Smythe, Captain and Mrs. E. B. Lerch, and Mr. Walter Pace. Members of the Society receive no compensation, nor do any of the five directors, elected at the annual meeting of the Society, receive any compensation for his services. . . For the past decade, St. Iohn's has' been operated by the Society and the Board of Directors. Actually, the Society .serves in a Stewardship capacity, since its members hold no financial interest in the School, receive no com- pensation, and function solely to keep the financial affairs of the institution on a sound basis. V The unselfish devotion to the ideals of St. Iohn's displayed in 1939, when the stockholders literally gave away holdings worth over one and one-half million dollars, has proved an inspiration to St. Iohn's Cadets from all parts of the world. . The astounding fact, that the stockholders voluntarily donated all their stock to St. Iohn's has, in the past ten years, strengthened the realization by the Cadets, that the principles upon which St. Iohn's was founded are stronger today than ever before. A' . The progress of the. School during the past ten years, made possible be- cause a group of devoted persons placed the Welfare of Stf Iohn's above all financial considerations, has been conclusive proof that St. Iohrfs stands for a way of life based on ideals higher than mere human considerations. It has been a cardinal principle of human relationships since the birth of time that good works thrive upon themselves, and grow by their very goodness. lust so, St. Iohn's has grown in the last decade, and just so will its growth continue. To these unselfish, devoted members of the Society-General Farrand, Miss Farrand, Colonel Mouso, Lt. Colonel and Mrs. Smythe. Captain and Mrs. Lerch, and Mr. Pace-this chronicle of their School is proudly and grate- fully dedicated. ..,.,edl6caZ'6an
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