Verhovayak Lapja, 1950 (33. évfolyam, 1-12. szám)
1950 / Verhovay Journal
May 17, 1950 Verhovay Journal FAGE 7 The Report Of The Auditing Committee CERTIFICATE OF AUDIT We have audited the books and accounts of the Verhovay Fraternal Insurance Association for the six months beginning July 1, 1949 and ending December 31, 1949, and We Certify to the correctness of the financial schedules for the above-mentioned period as shown as part of the .Annual Statement as shown and published in the March 1, 1950 issue of the Verhovay Journal. An examination of all income accounts consisting of receipts from Verhovay Branches, Real Estate and Mortgage Interest, Bond Interest, Dividend on Stosks. Loan and Bank Interest. Profit on Bonds sold, Trust Deposits, Handling charges, Home Office Building and other minor miscellaneous income. All of the above income items were verified as having been received, and traced back into the various ledgers and journals. The Bank Statements were reconciled for the period under examination and the Petty Cash Fund verified. The security holdings of our Association were examined in the vaults of the Mellon National Bank and Trust Company, and verified. The examination of these securities showed that as of December 31, 1949, there was a total book value of $2,001,636.25 in United States Government Bonds, $86,384.23 in Industrial Bonds, $1,633,113.84 in State and Municipal Bonds, $741,214.68 in Railroad Bonds, $87,615.21 in Railroad Equipment Trust Certificates and $5,173,058.76 in Public Utilities Bonds for a grand total of $9,723,022.97 in our major investment portfolio. Once again it can be stated that our investment portfolio is in fine condition. It was further ascertained from our examination that all bond coupons were promptly presented for collection when due. and that all monies thus obtained along with those funds obtained from the sale of securities were accurately credited to our account. A very careful, detailed analysis of all monies disbursed by the Association was made for the six months under study. It covered such items as death benefit claims, cash surrenders, medical examinations, salaries, commission and collection fees, maiming benefit claims. Home Office Bldg., Official Publication, Traveling expenses, and all other payments made and listed under the disbursement heading, and included in the totals of the Six Month’s period. All vouchers and supporting papers for each payment were carefully examined, and all payments were found to have been made according to the dictates of the by-laws of our Association. And through the above examinations, it was definitely ascertained that the official data as published by the Home Office in the official Journal of our Association from month to month gave a true and correct picture of the financial condition of the Association. ** The Statement of Assets as of the final auditing period of 1949, i.e., July 1, to December 31, 1949, is as follows: Period Assets December 31, 1949 ...................... $10,814,395.38 June 30, 1949 ............................... 10,419,753.71 Net Increase ...............:........... $ 394.641.67 The Statement of Assets as revealed in the Annual Statement and which was verfied by our audit is as follows: . Period Assets December 31, 1949 ....................... $10,814,395.38 December 31, 1948 ....................... 9.948,683.11 Net Increase ........................... S 865,712.27 Our examination commenced on April 10, 1950, and was completed on April 22, 1950. AUDITING COMMITTEE ALEX NYIRATI CASPAR PAPP WILLIAM C. KOHUT Welcome, Welcome, Welcome, Verhovay — Youngstown puts out the mat and extends to all coir out-oftown visitors its heartiest, warmest and most sincere greetings. Come all ye Verhovayans from city, town and hamlet. Pack up your over-nite bags and your bowling balls and head for the Verhovay Seventh Annual Bowling Tournament City — Youngstown, Ohio. When coming- to Youngstown or Jambar as it is sometimes reffered to, you may come by land, air or sea. On second thought we would advise against approaching our fair city by water, because we don’t believe anyone has used the Mahoning River as fi means of travel since the' early 1800’s, when John Young •— our founder — and his hearty band of squares decided to settle on its banks. But railroad and bus transit service are of the best to and from Youngstown. Our town is centrally located between Cleveland and Pittsburgh, and is the only inland city between New York and Chicago where vhe four great trunk line railroads meet: Pennsylvania, Erie, Baltimore and Ohio and New York Central. Except for the New York Central all the railroad stations are located in the downtown area. The Greyhound Bus Depot, located on downtown Federal St., is approximately one and one-half blocks away from the Hotel Pick-Ohio. When coming out of the bus arcade on Federal St. you turn left for a half block until you reach Hazel St. Turn right across Federal and walk one block dow-n Hazel to the Hotel. For the benefit of the folks who are driving, you may enter town on any of the eight or ten state highways, they all, pass thru the main drag, Federal St. HOTEL PICK-OHIO — Youngslown’s largest — located on the corner of Broadman and Hazel Sts., in the heart of the downtown shopping district, is handy and easily accessable to various points of interest. Watch for the Verhovay banner displayed over the entrance of the hotel. The Champion Recreation Center on Champion St. is located one block east of the public square, and four blocks east of the Hotel PTCK-OHIO. If anyone happens to get lost justi meander up to any of our local yokels, who I am sure will assist you in finding your way. Or better yet, put |a nickel in the phone box and call the hotel. The reception committee will dispatch someone to help you in your plight. REGISTRATION AND RECEPTION COMMITTEES. — The Registration and Reception desk will be located on the mezzanine of the Hotel Pick-Ohio. While there will also be various members of the reception committee throughout the lobby to receive the guests and assist them in securing rooms, etc., members of the reception committee won’t be hard to distinguish because if you see a pretty girl walking about the lobby wearing a large badge and ribbon on her lapel you will recognize her as a Verhovayan — car girls are all pretty! Bowling team captains will obtain their envelopes containing all the information previously mentioned by the executive committee. If there are any questions which are not quite clear to you please don’t hesitate to speak up. We will be only too glad to assist you in any way possible. We anticipate the fact that conducting an affair of this nature, we will be faced to cope with some minor problems. For the convenience of our guests, special bus service will be had from the hotel to the Kálvin Center, the place of all the social doings. The buses will be available during Saturday and Sunday evenings. They may be boarded in front of the hotel and they will run approximately every fifteen minutes . KÁLVIN CENTER: Upon arrival at the center the reception committee, composed of all our branches’ officers, will be on hand to greet the visitors. Once again we will generalize the details governing the dance and banquet. Saturday night there will be a dance only. Admission to non-bowlers 75 cents. Bowlers upon entrance at the door will have their special pass cards punched as means of admission. Sunday nite there will be the banquet and dance, with $2.50 admission to non-bowlers. Bowlers will have only to present their special pass cards to gain admission. As previously mentioned there will be food served at the church, alongside the hall, continuously from Friday evening to Sunday. The cost of these meals must be paid by the bowlers and their guests. SIGHTS: One of the city’s finest possessions is Mill Creek Park, located out on the Southside, one of the most beautiful natural parks in the country. Covering the layout of this park is 2120 acres*of land. This park has public golf facilities, having a, layout of 36 holes with a beautiful club house on the property. Our original plan was to engage a bus and conduct a tour thru Mill Creek Park, but city ordinances prohibits vehicles of that size to drive thru the park. Another interesting point of visit is the Butler Art Gallery, three blocks north of the public square. Gathered there are rich exhibits of painting, casts, sculptures and special exhibits. SMILING PROFILES: We have erected props from which seven people may stand behind and have their picture taken. During the tournament these props will be set up on the second floor of the Champion Alleys, with a competent photographer to snap the shutters. The lettering on the face of the props will designate the tournament city, etc. The price of these souvenir photos will be $1.00 per print. Most of our local teams have been photographed because we have been using the prints as means of publicity on the sport pages of our local newspaper. Added entertainment for the two nights will be limited so as to make more time for dancing and having a good time. Mike Tomchak and Mary Cibulas will do a splendid Hungarian dance attired in native costume. They will perform a dance of the Old Rommany Trail. Others performing are Ilona Majoros, Mrs. Lakotoes and Rendes youngsters. ATTENTION, HOME GUARD! Due to the limited distribution of j banquet tickets for the Youngstown I area, we are urging the people wishing to attend the banquet contact •their respective branch officers and secure the necessary ducats. Tickets may also be obtained at our downtown offices, 412 Wick Bldg. All the committees will have one last general meeting before the tournament. Mr. Stephen Matasy will notify the various committee heads to that effect. COUNT NOSES: The following are the names of the people working on the various committees: The man over all committees is composed of Stephen Matasy, August Habodasz, Jos. Turner, Sr. Due to the overlapping of the Reception, Reservation and Registration Committees, we will enter the names together: Julia Miglets, Phil Houser, Margaret Barkó, Jo Ann Brogley, Dolores Brogley, Ann Birch, Ann Petro, Stan Ruz, Louise Mazei, Betty Rhoades, Mary Cibulas, Steve Mislay. FINANCE COMMITTEE: Jos. Turner, Sr., August Habodasz, Jos. Tackas, Jos. Danish. ENTERTAINMENT COMMITTEE: John Matasy, Steve Novak, Mike Tomchak, Mary Cibulas. Ilona Majoros. PUBLICITY COMMITTEE: Steve Mislay, Steve Matasy. BAR COMMITTEE: John Kostya, Andy Blasko. Frank Tama, Stan Ruz, John BodzaS, Joe Yuhas, Frank Molnár, Alex Kozma, Lenord Lautner, Joe Bartha. Tom Hood, Steve Tulipán, Joe Ashley and Steve Novak. We’ll be seeing you. STEVE MISLAY YOUNGSTOWN, O. — Branch 21 Sports Club Speaks — by Steve Mislay
