1 Sentences With "convert into capital"

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The convention appointed a second commission to coordinate efforts with Baptists in Northern California to establish a college in Southern California. Newton Field became first a member, then chair of the 14 member commission. Due to miscommunication, California College retained its autonomy for the time being, leaving the commission with only the physical assets of Los Angeles University to convert into capital for a new university. Meanwhile, Redlands proposed at least 100,000 dollars and for a campus (on land donated by Baptist layman Mr. K.C. Wells) if the Baptist Church could bring in from 240,000 to 500,000 dollars towards building the university.