Taft, Harold E.

English

Harding School of Theology

Harding UniversityScholar Works at HardingJohn Allen Chalk: Personal Correspondence John Allen Chalk2-2-1959From: Harold E. Taft - additional letters enclosed(2/2/59)Harold E. TaftFollow this and additional works at: https://scholarworks.harding.edu/hst-chalk-personalThis Letter is brought to you for free and open access by the John AllenChalk at Scholar Works at Harding. It has been accepted for inclusion inJohn Allen Chalk: Personal Correspondence by an authorizedadministrator of Scholar Works at Harding. For more information, pleasecontact scholarworks@harding.edu.Recommended CitationTaft, H. E. (1959). From: Harold E. Taft - additional letters enclosed (2/2/59). Retrieved from https://scholarworks.harding.edu/hst-chalk-personal/301/ THE INSTITUTIONAL INVESTMENT COMPANY OF AMERICA 615 TEXAS STREET FORT WORTH 2, TEXAS FEBRUARY 2, 1959 THE REVEREND JOHN ALLEN CHALK 2001 DIVISION AVENUE DAYTON 14, OHIO DEAR MR. CHALK: I WOULD LIKE TO TELL YOU HOW PLEASED WE WERE TO RECEIVE YOUR F I NE EDISON 2-9004 EDISON 6- 8972 LETTERS OF THE 8TH ANO 12TH OF JANUARY. WE ARE WATCHING THE NORTHRIDGE CHURCH VERY CLOSELY ANO WILL APPRECIATE YOUR KEEPING IN CLOSE CONTACT WITH US DURING THESE FINAL STAGES. IF YOU CAN FIND A FEW MINUTES IN YOUR VERY BUSY SCHEDULE, COULD YOU ADVISE ME OF THE ACTUAL NUMBER OF DAYS 1bFFICIALLYtt SPENT IN SELLING BONDS BY THE GROUP. WE LIKE TO KEEP RECORDS ON THIS SORT OF ACTIVITY AND YOUR ASSISTANCE WILL BE APPRECIATED. ENCLOSED YOU WILL FIND COPIES OF THE LETTERS SENT TO MR. KOPP AND MR. HEJSEYe IF WE CAN CLOSE THESE, YOU WILL RECEIVE THE COMMISSION FOR THEM. I HAVE TAKEN THE LIBERTY TO SEND YOU A SMALL AMOUNT OF SUPPLIES WHICH YOU MAY NEEDe THE RE ARE A F Ell~ COP I ES OF OUR NEW GOLDEN KEY FOLDER WHICH I AM SURE YOU WILL FIND USEFUL WHEN ASKED TO EXPLAIN OUR PROGRAM~ THESE ARE NOT COMPLETE MANUALS OF OPERATIONS, BUT WILL HELP WHEN YOU ARE ASKED TO LEAVE SOME PRINTED INFORMATIONe IN REGARD TO YOUR OFFER TO ASSIST US IN YOUR PART OF THE COUNTRY:, WE SHALL BE VERY PLEASED AND HONORED TO HAVE YOUR ASSISTANCE, PROVIDING THE TERMS OF SUCH ASSOCIATION ARE AGBEEABLE TO YOUe NEEDLESS TO SAY, WE WERE ALL GREATLY IMPRESSED WITM YOUR WORK AT THE NORTHRIDGE CHURCH, ANO I FOR ONE WAS AMAZED AT YOUR COMPREHENSIVE KNOWLEDGE OF THE 818LEe You MAY REMEMBER I SAT IN ON ONE OF YOUR EVENING TRAINING SESSIONS WHILE VISITING THE CHURCH LAST 0cTOBERe SINCE WE HAVE NO REAL KNOWLED GE OF HOW MUCH TIME YOU WILL HAVE AVAILABLE FOR THIS WORK, LET ME BRIEFLY STATE A PROPOSITION WHICH l HOPE YOU WILL FIND AGREEABLEo FOR ANY LEAD THAT YOU SHALL SUPPLY TO US THAT LEADS TO OUR CLOSING AN ACTUAL CAMPAIGN, WE WILL PAY TO YOU A FEE EQUAL TO 5% OF THE GROSS SERVICE FEEe IF YOU HAVE THE T IME OR THE DESIRE TO ATTEND A MEETING AND CLOSE THE DEAL WITHOUT THE ASSISTANCE OF A MEMBER OF OUR STAFF BEING REQUIRED TO TRAVEL TO THE SCENE, YOUR FEE WILL BE 10% OF THE GROSS SERVICE FEEe WE BELIEVE THAT YOU HAVE A GOOD KNOWLE DGE OF OUR OPERATIONS, BUT I AM REVEREND JOHN ALLEN CHALK -2- FEBRUARY 2, 1959 SURE YOU HAVE MANY QUESTIONS TO ASK. I HAVE SENT YOU A COPY OF INSTRUC-TIONS THAT MAY ANSWER SOME OF THEM. THIS, AS YOU CAN SEE IS MERELY A LISTING OF THE POINTS WE FEEL ARE IMPORTANT . THEY SHOULD BE KEPT CONFI-DENTIAL AND ARE NOT FOR PUBLIC CONSUMPTION. WE WANT OUR REPRESENTATIVES TO PRACTICE WHAT WE PREACH, BUT THERE IS NO POINT TO DIVULGING OUR SE-CRETS ANY MORE THAN WE HAVE TO. IF ANYTHING COMES TO YOUR MIND THAT REQUIRES CLARIFICATION, PLEASE CONTACT US IMMEDIATELY• WE HAVE NO DOUBT THAT YOU WOULD EVER MIS-REPRESENT OUR PROGRAM INTENTIONALLY , BUT IT IS EASY TO 00 SO UN I NTEN-TIONALLY. WE ARE PRtPAREO TO SUPPLY YOU WITH 1BLANKET MAIL 11 FOR ANY PARTICULAR AREA THAT YOU WOULD LIKE TO WORK, lF YOU WILL SO ADVISE US ANO SUPPLY MAILING LISTSo IN NEW AREAS THE TELEPHONE LISTINGS IN THE LOCAL TELE-PHONE BOOK ARE ADEQUATE AND ACCURATE. PROSPECTS THAT REPLY WOULD BE TURNED OVER TO YOU. As A MATTER OF FACT WE HAVE SEVERAL IN YOUR AREA THAT SHOULD BE CONTACTED IN THE NEAR FUTURE AND WE WILL SUPPLY YOU WITH THE NECESSARY INFORMATION IF YOU SHOULD DESIRE TO CONTACT THEM. OF COURSE YOU UNDERSTAND YOU WILL NOT BE AUTHORIZED TO CONDUCT A PRO-GRAM ACTING IN THE CAPACITY OF A PROGRAM 01RECT0R e HOWEVER, I AM CER-TAIN YOU WOULD NOT HAVE EITHER THE T IME OR THE DESIRE TO DO THIS IN ANY EVENT. As A MEMBER OF OUR I. le C. A. FAMILY, YOU WOULD BE EXPECTED TO OFFER SUGGESTIONS THAT WOULD IMPROVE OUR SERVICE. WE DO NOT HAVE ALL OF THE ANSWERS, BUT WE DO STRIVE TO DO THE VERY BEST THAT WE CAN FOR ANY CLIENT, LARGE OR SMALL. IF WE ARE TO BE CRITICIZED, LET IT BE FOR ANY-THING EXCEPT OUR FAILURE TO DO WHAT WE SAY WE WILL DO. WE SHALL BE EXPECT IN G TO HEAR FROM YOU IN THE VERY NEAR FUTURE. HET:MN [NCLOS URES l~t ·1,J-HAROill E. TAFT~ Mr. Clarence Kopp United Bretheren in Christ 4610 Prescot t Avenue Dayton 16, Ohio Dear Mr. Kopp : 21 J"enuary 1959 I am taking this opportunity to write you regarding the services ottered by our Company. The Institutional Investment Company of J,~riea. Our mutuel t:ieiend, The Reverend J'ohn Allen Chalk h.as told. me that your Church is interested in securing needed funds tor future Church construction. Perhaps, Mr. Kopp, we can be or service to you and your tine group, but first lot me tell you a little of our Company. The Institutional In-vestment Co~pany of America is composed ot a group of suce ... setu.l business and church l@~<l,ere who have devoted their entire ettorts to t he service of assisting Churches such as your own to acquire need•d building and 11.mproverrumt t'unds. We teal that we have developed a method the.t can help e.ny church that is willing to work, n4 is eager to grow. Our technique h.ae proven sucoesstul where others have failed . From the -enclosed folder you can obtain a general idaa ot t he basic type of service ortored by t he Goiden Key. How~ver, I should like to remind you the.t we are a service organization_. We know that a (!standard" plan will not fulfill the requirements of every church and we>rk with any group to- assist them $nd to advise them in the proper prooeedures to be :followed. Vie ue preps.red to "4es1gn" a plan that will meet your particular needs . Many times our stemdard bond plan desoribed in the told.er is very adequate. but many times we must e.:t'tat• i .nveot1gat1on, recommend that a Church should borrow the money on a conventional basis. or design some sort ot a combination program that we know will be suooeaoful . We at the Institutional Investment OompB.DY take great pride tn tne tact that we must represent not only the interests or tr.e Church• but &l.ao the interests ot those who will 1•an rooney to t he Church. W8 have never undertaken a program the.t we have not beet1 able to follow to a succesaf'ul conclusion. It you would like to in-vestigate ou.r sarvioee further. please till out the Church Analysis Sheet end return it to our Board ot Review. You will then be e.dviaed of a plan that can be successfully undertaken within your Church and comnunity. And rimlember . thie service places you under no obligation to us. We will certa inly tell you if we reel that we cannot help you to solve your problem. Upon request we will gladly furnish you with references end ne.mes ot clients we have been privileged to assist in attaining t heir goals . Si ncerely, HA.~OLD E. TAFT ,JR. • IL ER Ht: t EY MEMBER F INANCE COMMITTEE CENTER F 1£ND f OHu e H :,85 SOUTH I N ST • . cf£ST I LTON1 OH IO / FEBRUARY d• 1~59 ' . I HAVE SEEN ASKED BY OUR MUTUAL FR I END , THE REVEREND JOHN ALLEN CHALK, TO CONTACT YOU IN REGARD To· THE SERV I.CE OFFiRRED SV OUR COMPANY, TH!: INSTITUTI ONAL INVESTMENT COMPANY OF AMER ICA e OUR CoMPANY 1$ COMPOSED . Of" PERSONNEL REPRESENTI NG OVER A CENTURY Of' COMBINED EXPERIENCE IN THE RELATED F I ELDS OF CHUROK F I NANC ING . rJE SERVE ONE MAIN PURPOSE: TO ASSIST CHURCHES TO OBTA IN ADEQUATE Fl • NANO INu FOR BADLY NEEDED CONSTRUCTION ANO EXPANSION e THE MODERN METHOD OF CHURCH FINANCING TODAY IS THE ISSUANCE OF SAFE, SALEABLE, INSURED F IRST MoRTGAGE BONDS . OuR GoLOEN Kev SERVICE RE-PRESENTS THE MOST COMPLETE UP-TO•OATE CHURCH BONO SERVICE IN THE NATION• ,JE WILL MAKE NO CLAIM TO HAVING ALL THE ANSWERS TO CHURCH FINANCING• auT VE ARE THOROUGHLY AWARE Of' THE MANY PROBLEMS ENCOUNTERED . OUR RESEARCH STAFF IS CONSTANTLY STRIVING TO f'INO NEW AVENUES OF FINANCING ANO NEW SOU RCES OF MONEY TO 8E INVESTED IN CHURCH CONTRUCTION. THERE ABE Sf.VERAL WAYS OF OBTAINING NEEDED CH URCH F~Nos; FOREMOST AMONG THESE IS THE CHURCH BOND,• NEXT THERE:: I TH£ 0 I R£CT OR CONV£N• TIONAL CHURCH LOAN• OFTEN VE RECOMMEND A COMBINATION PLAN OF BONDS AND A LOAN• WHERE THE LOAN COMMITMENTS ARE INADEQUATE TO DO THE JOB AT HANt' e ,JHATEVER PLAN IS RECOMMENDED ANO SUBSEQUENTLY ADOPT Et:> ,i OUR (.;OMPANY IS PREPAHEO TO OFFER TO YOUR CHURCH THE GOOD SEHVICES Of' OUR OFFICE, Ai'D OF ONE OF OUR QUALI F I ED., EXPER I ENCED PROGRAM DIRECTCRS e LNCLOSED YOU ~1 11..L F l.NO A FOLDER., VERY BR I EFLY EXPLA I NING ONE PHASE OF' OUR SERVICE., THE GoLOEN KEY t30N0Se AM ALSO SENDING YOU A PREL IMINARY ANALYSIS SHEET. Ir YOU WI LL COMPLETE ANO RETURN TH IS TO us, OUR LOARO or REV I EW WI LL CREA fE A PLAN FOR YOUR CHURCH AND SUBM IT IT TO YOUR COMM I TTEE rOR REVIEW, STUDY ANO CONS IDERATION . TH IS I S A COMPLI MENTARY SERVICE, AND PLACES YOUR CHU RCH UNDER NO OBLIGAT ION TO US e I F THE PROGRAM WE PROPOSE IS SATISFACTORY TO you, WE WILL THEN BE IN A I I MR. ILBEA H& tStY F(BRUARY 2; 1959 UA c.1 PO I T I QN T~ A$ - t T YOU 1'0 1N t1 UT£ ANO &liltlCUTu THE f I NANCE P4.A • 6£AR I N MI ND THAT OUA . (RVIOE;, llNt. tKt THo· ... OPtER&D B'f 0TH A ORGANtZATfON :t OF'f'£RS ffl::A'-,. H li.·P TR INI NG ANO UPERVI JON• HG £YER, YOUR OHVROH MU f SE PREPA RED TO WORK Off £ Wt\.t.. NOT SE PREPARED TO REPRE SNT YOUo t , YOU :HAVE NOf ~ READY OOKE o, VOU MAY OHciOK OUR COMPANY i'ttAOUG'N TH£ RENE ENO • CHAW<, l N 1$l'ER F 1'HE. . ORTHA I OG~ CHURCH OF CHRIST I N DAYTON, 0H t0 • t 111.l. 8£ HAPPY TO UPPLY AOO ITiONAt,. Rff'ERl!NC£$ UPON Af;QV£ f . HOP ING THAT r: HET iMN ENCl,.O URE 0 A EllVIC to YO!J1 t AM I S-tNOEREt.Y HAfOW E:, TAFT 

From: Harold E. Taft - additional letters enclosed (2/2/59)

https://scholarworks.harding.edu/cgi/viewcontent.cgi?article=1300&amp;context=hst-chalk-personal

From: Harold E. Taft - additional letters enclosed (2/2/59)

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