Verhovayak Lapja, 1950 (33. évfolyam, 1-12. szám)
1950 / Verhovay Journal
% PAGE 4 7 Verhovay Journal December 20, 1950 INFLATION AND CANCER Inflation and cancer are both diseases. The latter preys on the human body while the former eats away the best part of our' dollar. The early stages of both diseases are not easily recognized by most people. It takes a medical specialist, with the use of the most modern medical equipment, to diagnose a case of cancer in its very early stages. Inflation, too, is hard to detect at the outset. In the early stages only an economist knows what is in store . for the public and only he can accurately inform the public. Mosil appeals, however, whether they be made by medical authorities regarding the fight against cancer, or whether it be made by the economists regarding the fight against inflation, are not taken seriously by the people. Only when cancer strikes right at home — some member of the family — do we realize how terrible this deadly disease can be, and in many cases it is too late to help. Inflation, too, is treated with the same indifference/ that is, until we come to realize that the dollar is only a dollar in appearance. At this point it is such a disappointment to learn that the buying power of the dollar is only about half of what it used to be about . ten years ago. Even as in the case of cancer so is it in the case of inflation, the awakening is better late than never. As long as we are unaware of these dreaded diseases it may be excused, how^ ever, once we know what’ we have to fight and we do nothing about it, then we are not doing our duty. Inflation is not around the corner, it’s in our pocket books. Just compare the prices of ten years ago with the prices of today. We cannot buy four pounds of meat or coffee with today’s dollar. We are lucky if we get aAittle more than a pound. The price of a good suit of clothes has doubled. A house built ten years ago for ten thousand • dollars cannot be duplicated today for less than twenty thousand of inflation dollars. Almost everything whether it be food, clothes, shoes, automobiles, transportation fares, services or home construction has greatly increased in price. It is true that everyone is finding more greenbacks in his pay envelope. But isn’t it just as hard to stretch today’s bulging pay envelopes to meet the necessary expenses of a household as it always was? Even in today’s high earning period there are many families that just manage to get by. Just what profit does a man gain by having more dollars put in his pay envelope if these dollars have only about half its former value? How does the decrease in the value of the dollar affect those thrifty people who purchased life insurance ten, twenty or thirty years ago? Inflation conspires against the thrifty. A policyholder or membership certificate holder who has endowment insurance maturing today or the beneficiary who receives a death benefit will get the full amount called for under the terms of the contract, but the buying power of these dollars will be only half of what is used to be. This is not the fault of the insurance industry. It kept faith with the people, it paid the full amount due. The fault is rather with all of us because we have done very little to * fight inflation. Can we, especially the many millions who believe in life insurance, sit by idly and let our dollar’s value continue to decrease? The answer is a big NO! Let’s protect our interests by taking up the fight today. Let’s start right in our own family Mgr. Joian Lucas Receives Degree Of Illustrious Member (Dersam Photo.) Mrs. Jolán Lucas, popularly known ,as “The Ferret” is presented the coveted Verhovay Service Award, the Degree of Illustrious Member, by Director Richard J. Phillips, at the lEth anniversary of Branch 429, held orr" Saturday, September 30th, at the Verhovay Club. Jolán is shown receiving- the framed citation from Director Phillips who is obviously just ps pleased to present the award to Jolán ih recognition of 15 years of faithful service as our new' Illustrious Member is to receive it. An enthusiastic audience applauded the presentation which brought Mrs. Jolán Lucas the well-earned recognition of the Board of Directors of the Verhovay. Coraopolis Girl Serves With Waves ELEANOR GRACE SABOL The daughter of Mr. and Mrs. Clarence Elder of 812 — 5th Ave., Coraopolis, Pa., a member of Branch 352 in Coraopolis, Eleanor Grace Sabol recently completed her boot training- as a WAVE at the Great Lakes Training Center and is now stationed in Washington, D. C., with an apprentice seaman rating. Eleanor is a graduate of Coraopolis High School, Class ’49 and was class secretary. Verhovay members wishing to write her, may send greetings to her address: Eleanor Sabol, S.A. 3329993, U.S.N., U.S.N.R.S., Quarters PK,” Barracks No. 14, G. 141, Colombia Pike, Arlington 8, Va. circle. When we receive our pay envelope let’s make certain that a good part of it will be put aside for the future. We should not inn down to the shopping center to buy practically everything. And just because it’s so convenient to make purchases on the installment plan let’s not go overboard. Demand will only force the prices to rise, especially if the supply is limited. Some merchants may take advantage of such situations — when the merchandise he has is in great demand and his supply is limited, he will boost the price — because he knows that someone will buy it. Let’s hold the line by buying only the essentials. As for the pay increases let’s show our employers how much we appreciate the increases by stepping up the production. Our employers are our friends, they will help us if we work harmoniously with them. An increase in pay without an increase in production will only increase prices and price increases will in turn mean more decreases in the buying power of the dollars we will receive in those pay envelopes. These steps will go a long way to help increase the buying power of our money. The part that we save for the future can be invested to provide additional protection against inflation. Each family should have a savings program. When we put away a part of our earnings, whether it be through life insurance programs. savings banks or savings bonds, we are fighting inflation. The savings programs of most American citizens are centered around life insurance. No better investment can be made by anyone. The payment of the first premium creates an immediate estate which cannot be matched under any other plan of savings. The record of the life insurance industry shows conclusively that the public’s savings through purchase of life insurance are safe. Life insurance companies and societies can be counted on to pay all claims as they come due. In these critical times each family — especially the head of the family — should review its insurance program. In most cases it will be found that the present program is not enough to meet the additional needs brought by the inflation. Practically every family will need at least once again as much insurance protection as it now has. This is the time for the creation of larger insurance programs. Call your insurance man today for help and guidance. Protect your future and the security of your family and your country by additional investments in life insurance. It is one of the most effective measures to combat inflation. The cooperation of each family in this fight will help cure our economy of its cancerous disease — inflation. At the same time we shall be safeguarding the future of our country for ourselves and our children. Let’s resolve today to fight inflation till we have won the battle.
