A History of the Moravian ChurchHutton, J. E. (Joseph Edmund)
Religion
A History of the Moravian Church
Hutton, J. E. (Joseph Edmund)
Moravian Church -- History
At this point, to make matters worse, Mrs. Stonehouse, a wealthy
Moravian, died; and one clause in her will was that, when her husband
followed her to the grave, her property should then be devoted to the
support of the Church Diaconies. Again the English Brethren made a
business blunder. Instead of waiting till Mr. Stonehouse died, and the
money was actually theirs, they relied upon it as prospective capital,
and indulged in speculations beyond their means; and, to cut a long
story short, the sad fact has to be recorded that, by the close of 1752,
the Moravian Church in England was about £30,000 in debt. As soon as
Zinzendorf heard the news, he rushed heroically to the rescue, gave
security for £10,000, dismissed the managers of the Diaconies, and
formed a new board of administration.
But the financial disease was too deep-seated to be so easily cured. The
managers of the English Diaconies had been extremely foolish. They had
invested £67,000 with one Gomez Serra, a Portuguese Jew. Gomez Serra
suddenly stopped payment, the £67,000 was lost, and thus the Brethren's
liabilities were now nearly £100,000 {1752.}. Again Zinzendorf, in
generous fashion, came to the rescue of his Brethren. He acted in
England exactly as he had acted at Herrnhaag. He discovered before long,
to his dismay, that many of the English Brethren had invested money
in the Diaconies, and that now they ran the serious danger of being
imprisoned for debt. He called a meeting of the creditors, pledged
himself for the whole sum, and suggested a plan whereby the debt
could be paid off in four years. We must not, of course, suppose that
Zinzendorf himself proposed to pay the whole £100,000 out of his own
estates. For the present he made himself responsible, but he confidently
relied on the Brethren to repay their debt to him as soon as possible.
At all events, the creditors accepted his offer; and all that the
Brethren needed now was time to weather the storm.
Public-domain text, read in full here on John Shaqi.
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