Fraternity-Testvériség, 1976 (54. évfolyam, 1-4. szám)
1976-04-01 / 2. szám
I have exercised my cultural and fraternal responsibilities in accordance with our By-Laws. I held many lectures and wrote articles for church and secular magazines and papers. I have made the required reports. With sorrowful heart I report to the members of the Board the death of our Director Gazel Vespremi and our former legal adviser the Honorable Judge Aladar Fiok and as I have indicated in the beginning of my report 381 of our members passed away during 1975. * # * Nearing the end of my report I wish to express my gratitude to God, that He gave me strength to fulfill my many obligations and carry the heavy burdens of my office. I am grateful to my fellow officers, Members of the Board, our workers in the Home Office. Especially, I wish to thank my secretary, Bela Toth, for his faithful and loyal work. Many thanks to the field workers and the branch managers for the job well done for our Federation. To God be the glory for all the achievements and blessings of the past year. In the hope that my report will be accepted and also will serve as a basis for deliberation, I am fraternally yours, DR. ZOLTÁN BEKY President \ Program of the Opening Day | ! June 28th, Monday I 10:00 A.M.—Opening Divine Service and Holy :< Communion. :J J 12:00 Noon—Lunch at the Bethlen Home. :] 2:00 P.M.—Official Opening of the XXX-th J Convention—Holiday Inn, j 7:00 P.M.—Banquet—Holiday Inn. ;! XXXXXXXXXXXXXXXXXXXXXXXXVVVSVXXXXXXVXXVfl 6 SECRETARY’S REPORT for the year of 1975. Mr. President, Members of the Board of Directors. 1975 was another year of recession and inflation. The optimist economy experts claim that during 1975 unemployment hit rock bottom and is on a continuous upward trend. The pessimist experts claim that the upward trend will end with the 1976 national election and then the number of unemployed will again increase. The middle of the road experts maintain that the U.S. peace economy is like a wave in the ocean: it has its high and low points. All experts agree that after World War II this is the first maxi recession and in unemployment it is basically similar to the pre-World War II great depression. The symptoms of the great depression were: unemployment and deflation. The symptoms of the present recession are: unemployment and inflation. At our District meetings the Section and Branch Managers complained that in the Bridgeport, Cleveland and New Jersey areas unemployment was between 11 to 15 percent. Many factories and banks were closed throughout the country. Cities and states are facing financial crisis. States are rapidly running out of unemployment compensation funds. The economy is worsened by inflation. It runs parallel with unemployment. In 1975 inflation slowed down but it is still not under control. Thank God we faced no oil and gas crisis during the year. We are warned that if inflation continues the present price of the 13 cents first class stamp will be again raised in the near future. Our Branch Managers are complaining because the price of gas and stamps went up. Naturally under these conditions our promotional work was made more difficult. We had a late start in selling the new insurance plans. We suffered on account of the state insurance departments delay of approval. We scheduled our district meetings earlier than usual in order to instruct our Branch Mangers about our new rate book. In spite of the many above mentioned difficulties we managed to start our promotional work at the early part of the year. I thank the hard working dedicated Field Force members for ending the year of our insurance in force with an increase. I read that some of the largest commercial insurance companies sold less insurance in 1975 than in the previous year. Even the best salesman cannot sell insurance to an unemployed person. Insurance is the first victim of unemployment. The unemployed person will either drop his new policy or cash surrender the old. I. ADMINISTRATION 1. State and Provincial Licenses The 1975 and 1976 Annual Statements and all other documents requested by the thirteen states and the Ontario Canadian Province in which the Federation operates were mailed in time for the 1975 and 1976 licenses to the thirteen states and the Ontario Canadian Privince. The Federation received licenses to operate in the thirteen states and the Ontario Canadian Province in 1975.
