Religion: Pacifist Portfolios?

Liberal Protestants have been hurting for a strong issue to involve their flocks. Opposition to the Viet Nam War is now commonplace, the civil rights crusade has cooled and church mergers are bogging down. So—what better cause than to turn inward and take a long look at church money and where it goes? Already, the churches have mobilized their dollars against bank involvements in South Africa, copper mining in Puerto Rico and discriminatory racial hiring policies in the U.S. (TIME, Feb. 15).

Last week a research unit of the National Council of Churches opened...