Verhovayak Lapja, 1940. július-december (23. évfolyam, 27-52. szám)
1940-08-08 / 32. szám
Page 4 August 8, 1940 Verhomyak Lapja Our Actuary's Column Have you ever stopped to think how much gasoline it takes to go to Europe in an airplane? Naturally, that would depend on the size of the plane, and the kind of weather it encounters. If the kind of plane Lindbergh used and one of our modern clippers were compared, the clipper would use the most. No pilot or engineer would be foolish enough though to count just on a normal crossing. He would carry an extra supply of gasoline to insure safety through storms and fog. You ask, what has gasoline to do with Verhovay? Airplanes and gasoline help to explain the different things about Verhovay’s insurance reserves, of which there are two kinds. The first one is called the legal reserve, which is fixed by law and was mentioned in a former article. The amount required varies under different conditions, depending on the kind of insurance written, the age at which it was taken out, and the length of time it was in force. This legal reserve should be enough, when the annual premiums are added to it each year, to pay Verhovay’s obligations as they normally fall due. It is checked annually by the Insurance Departments and amounts to the same thing as the gasoline used in a normal flight of an airplane. Naturally, Verhovay can not tell what will happen out of the ordinary, or what unexpected conditions it may have to meet, so it maintains another smaller fund called the Contingency reserve or surplus. This smaller fund is used for the same purpose that extra gasoline is used for in airplanes. In other words, Verhovay’s total reserves must be large enough so that it can pay its financial obligations to its members when they fall due, whether there are good times or bad. Since some of our members do not understand the workings of Verhovay, we often get letters asking about the operation of same. We always welcome such letters and try to answer them as best we can, so that they will be fully understood; not only as to what they ask about, but other information as well. Each year a statement of our insurance in force, income, disbursements made, and assets held is filed with the various insurance departments. It also gives in detail an analysis of what happened during any year. When this statement is Lied, it automatically becomes a public document and is open to anyone who desires to see it. Not only do the state insurance departments pass on your financial statements, but also on the membership certificates that are issued. It states what can be included and what can not, both as to provisions and values. A great many things have happened since Verhovay was organized more than fifty four years ago, and many more things will happen in the next fifty-four years that no person can foresee. The management of Verhovay must be prepared for whatever might happen. The certificates that Verhovay issues are contracts for future payments, and how far in the future these payments will be made nobody -knows, but the officers of Verhovay PAST The Verhovay Fraternal Insurance Association looks back upon more than a HALF OF A CENTURY ol substantial well-rounded progress. "QUALITY, SERVICE AND SAFETY, FIRST” has characterized its growth. PRESENT With over $25,000,000.00 of insurance in force, Verhovay is the largest legal reserve society of Hungarian origin since 1886. The society enjoys a high place among the finest quality societies of the nation. FUTURE With a splendid past, a strong present position, complete life insurance service including sales plans, helpful home office cooperation, policies for all ages including children from birth and adults to age 60 the future for the society and the men who represent it is most promising. Verhovay Fraternal Insurance Association 346 FOURTH AVENUE PITTSBURGH, PA. must take the long view. With every year that passes, some members’ claims became due and others come closer to maturity and must be paid. „ Each year Verhovay sets aside a certain amount of money, which is mathematically determined, to take care of these claims. Such is the duty of your officers to see that the investing of your funds are proper, and that they will earn enough money to pay future claims. Sometime in our life we all have dreamed about having a million dollars. Suppose you really had a million dollars. What would you do to keep from losing it, and how would you and your family enjoy it? You know there is no such a thing as a loss proof investment, because years of business have proved this, by their upturns and depressions. You would probably do what the Verhovay Fraternal Insurance Association is doing today. You would use diversification. In other words, you would not put all * your eggs in one basket, but try to invest in the safest way possible. With a million dollars to invest you would not find it easy investigating so many small investments that you would have to make. An association like Verhovay, holding and investing millions of dollars for the benefit of its members, can and does do everything possible to help save its investments. In the first place, what we are allowed to invest in is established by law. Second, facts and information pertaining to said investments are carefully weighed before they are purchased, and after we have purchased same, they are still kept under constant surveillance. This is done because the interest to be earned is a big factor and is used to keep down the cost of insurance. Insure with Verhovay and save yourself the worry of investing your excess money. ROUND ABOUT TOWN With the Snooper of Branch 484, Beaver Falls, Fa. Comments on the Last English Edition of Our Journal: 1. Mr. Stephen Huzianyi’s article on SHALL AMERICAN YOUTH AGAIN FIGHT, BLEED AND DIE IN EUROPE AND ASIA? surely is packed full with dynamite, and, if there were more people like him, we could certainly keep America out of war. 2. We hope Rob Storm keeps sending in those grand stories, as they are enjoyable reading matter. 3. May I add my opinion on CONCERNING REVOLVING DOORS? I sum it up this way: When you are engaged, he lets her go first—gently holding her arm until she gets into the door. After they get married, he sometimes goes first and lets her follow, or else she still goes first (but he doesn’t hold her arm— gently or otherwise), and, after she gets in she lets the door revolve at the rate of 100 miles a second and, if he can get in, he gets in; if he can’t catch the door to stop it, he meekly waits for her until she comes out. (But don’t take me literally, for those who know the rules of etiquette should keep on using them even after marriage.) 4. I like to read Margaret Stangret’s articles. They are just right —not too formal or criticizing, yet full of good news always. 5. I think John "Dirk” Fulop is making a good sports writer out of himself. His columns arent dry either, as he mixes humor with his sports news, which makes it okay by me. 6. Gee, but the Journal is getting good! OBITUARY: We were greatly sorrowed by the death of one of our young members from local Branch 39. Thirteen year old Matilda Margaret Suit passed away Sunday morning, July 28, 1940, after a brief illness. She was a student at St. Mary’s Parochial School and a member of the West Mayfield Girl Scout Troop. We offer our deepest sympathies to her parents, her sisters and brothers. CONGRATULATIONS: We extend our best wishes to the president of Branch 39, Joseph Vestrocy, and his wife, and congratulate them on their thirtieth wedding anniversary, which fails on August 13, 1940. Who said "13” is an unlucky number? Dad and mom don’t think so! MUSICAL ITEM: Last year, when maestro Horace Heidt made a Pittsburgh personal appearance, he had a chat with a Pittsburgh maestro by the name of Baron Elliott. Now the "baron” is known widely in the Pittsburgh district, and also in our own Beaver Valley, for his orchestra appeared here and there for oodles of dances. Last year Horace told the "baron” that it would not surprise him in the least if the handsome local musician got a break to fame some day. Horaces’ prediction came true, it appears. Why? Well, it so happens that Baron Elliott’s orchestra played an engagement at the Million-Dollar Mansions Nite Spot (near Youngstown, Ohio). They took to him there immediately; he made a hit! It makes us very happy to hear that one of our favorite dance bands is going to play an engagement at the famous Trianon Ballroom in Chicago! Congratulations to the "baron” and his "Stardust Melodies” orchestra. Horace was right! You’ve got something there! NEWS ABOUT OUR COLUMNISTS: Mr. Stephen Huzianyi, Chicago Branch 503, spent his vacation in the Pittsburgh district. He visited in McKeesport and Pittsburgh, and also visited at your writer’s home. Co-editor Jozik. Barna Kurjack, Edward Kurjac-k and Frank Bacsó came along with Mr. Huzianyi, and we had a Hungarian jam session. I hope everyone had a good time. Can that Eddie Kurjack play the concertina! And our gentleman piano player also went to town. Notice Chicago girls: Who taught Steve Huzianyi the csárdás so expertly? He surely can dance! Our old friend and columnist, Mystricky, tuas resigned her job in New York and is at her home in Cleveland, Ohio now. When are we going to get that swell column of yours, Ann? (That goes for J. J. H. also.) We hope the Homesteaders have a grand time on the Senator boat excursion, as the music is exhilarating and the river scenery is interesting. The Senator made several trips our way, too, and it surely was grand. It went so far as the West Virginia Bridge and back. I enjoyed going through the locks (Montgomery Dam). We danced until our feet ached, especially "Scat.” She claims she had sore muscles the next day. r believe her, for I feit the same way. So don’t jitterbug too much, you Homesteaders! Fraternally yours, HELEN E. VESTROCY, 1509 Fifth Street New Brighton,' Pa.------------------O---------------— The United States imported 245, 970,000 pounds of unmanufactured wool and similar animal hair last year, 136 per cent more than in 1928, and more than four times as much wool semimanufactures. MOONLIGHT EXCURSION on the Steamer SENATOR FRIDAY, AUGUST 16 Sponsored by BRANCH 430 — HOMESTEAD, PA. Leave Stanwix Street Dock 8:45 P. M. (At Duquesne Way) Pittsburgh, Pa. Fare: At Steamer 75c; if purchased in advance 60c. Exhilarating Swing Music by FATE MARABLE, Wizard of the Ivories, and his 11 “ORIGINAL COTTON PICKERS” GET YOUR TICKETS NOW FROM A MEMBER OR OFFICERS OF BRANCH 430. •A-W
