Verhovayak Lapja, 1951 (34. évfolyam, 1-12. szám)
1951 / Verhovay Journal
PAGE 10 Verhovay 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 January 1, 1951, and ending June 30, 1951, and We Certify to the correctness of the financial schedules for the above-mentioned period as shown in the records of the Verhovay Fraternal Insurance Association. An examination was made of all income accounts consisting of Receipts from Verhovay Branches, Interest on Mortgage Loans, Real Estate Loans, Membership Certificate Loans, Bonds, Bank Deposits; Trust Deposits, Home Office Building, Handling Charges, Stock Dividends, Profit on Bonds Sold, 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 securities of our Association were examined in the vaults of the Mellon National Bank and Trust Company, and verified. The examination of these securities disclosed that as- of June 30, 1951, there was a total book value of' $10,979,447.30 in the following categories: United States Government Bonds, $1,771,896.25; Industrial Bonds, $319,772.84; States and Political Subdivisions. $2,401,276.56; Railroad Bonds, $844,962,97; Railroad Equipment Trust Certificates, $87,786.01, and Public Utility bonds, $5,553,752 67. Our examination further verified tjie fact that all bond coupons were promptly presented for collection when due, and that all monies thus obtained along with those funds received from the. sale of securities were accurately credited to our account. A careful, detailed analysis of all monies disbursed by our Association was made for the six months period, January 1, 1951 to and including June 30, 1951. This examination covered such items as Death Benefit, Sickness and Accident, and Permanent Disability claims, cash surrendei’s, medical examination fees, all salaries, commissions and collection fees, Home Office Building, Official Publication, Advertising, Traveling Expenses, and all other payments made and listed under the disbursement heading, and included in the totals for the six month’s period. All vouchers and supporting papers for these disbursements were carefully examined and all payments were found to have been made according to the provisions of the by-laws of our Association. The Auditing Committee also conducted a thorough examination of the accounts of the Verhovay Bowling Tournament held in Chicago, Illinois, May 4th, 5th, 1951, and found them correct. It can be stated that our examination definitely ascertained that the official data as published by the Home Office in the official journal of our Association from month to month presented a true and correct picture of the financial condition of our Association. The Statement of Assets as of the first auditing period of 1951, i.e., Jan. 1, 1951 to June 30, 1951, is as follows: 6 Mo. Period Ending Assets June 30, 1951 $12,139,423.77 December 31, 1950 111700,329.72 Net Increase: $ 439,094.05 Our examination commenced August 27, 1951, and was completed September 8, 1951. THE AUDITING COMMITTEE ALEX NYIRATI GASPAR PAPP WILLIAM C. KOHUT THIS “n” Journal September 19, 1951 POWER CITY NEWS SPRINGDALE, PA. AND VICINITY by Edward A. Mattie Branch 296 (Continued from page 9) plans of insurance to suit the needs of its members. Take stock in yourself! Do you have enough protection? Of the right kind? What would happen if you were taken out of your family picture? If you died today? As a Verhovay member it is your privilege to come up to the office and obtain help and information in solving the IF problems you may have. I’ll be happy to receive you and talk things over. * * * I am certainly going to miss the friendly talks I had with Mr. John Keller one of our older members, who passed away recently. It was pleasant having him come up to the office and pass the time of day. Then too, the passing away of another of our members Mr. Stephen Szabó, who was only forty years old, made me realize how short life can really! be. * * * Mr. and Mrs. John G. Jacin, of 12001 Mortimer Ave. are the proud parents of a lovely new baby boy. Naturally, he’s already a Verhovay member. And thanks John, Sr. for the cigar, I enjoyed it very much. Among new members that we wish to welcome are: Mr. Leslie Lesko, Mr. Zoltán Molnár, Mrs. Ilona Molnár and their nice boy Zoltán, Jr. AIso*Bello to Mr. Michael Goeroeg, Dr. Julius Dombrady and his lovely sister, Miss Theodora Dombrady, who is a writer, and Mrs. Amelia Szabó. * * * With the National Convention coming up, the proverbial chicken running around with its head off had nothing on Dr. Andrew Kovács, our National Vice President. He was chasing The article on the New Look under “Official Comment” in last month’s issue of the Journal was very inspiring. It could not have appeared at a more appropriate time. Unfortunately many members — and even delegates — will let it pass unnoticed and unread. The steps mentioned as setting thei Association on a progressive course were indeed interesting. As the article points out, “we have just merely scratched the surface” in the New Look program. There are such things to think about as, revising and clarifying of the By-Laws (its printed form included), the setting-up of Boys and Girls Camps and Hoipe for the Aged, the setting-up of a VERHOVAY HOME ASSOCIATION, establishing new homes, adding new insurance benefits, etc. In line with this new program, isn’t time to consider a New Look for the Journal? Its present form has longbeen antiquated. Why can’t we have an up-to-date publication in MAGAZINE FORM like some of the other national fraternal organizations? The magazine would have an interesting cover, plenty of pictures, timely articles, and more news from thei branches, just to mention a few. A magazine type publication would have! more appeal then the Journal in its; present form. It seems only natural that a person would pick-up and read or even glance through a magazine! much sooner than he would through a newspaper type Journal. The Journal as it appears today contains much material that hardly interest the majority of the members. The vast amount of space given the payments received from branches, thei number of new members each month, the monthly financial statements, lapsed members, reinstated members, lapsed from extended, extended members, sick benefits paid all are unnecessary. The last five listings should pot even appear in the publication. For it is information of a confidential nature and of interest only! to particular members. Besides, it is the duty of the Branch Managers to inform the members if they have lapsed, etc. Both editions of the Journal need not appear in magazine form. The; Hungarian edition could appear as it is now, but the English edition shouldby all means be a magazine. The Journal is one of the most important elements in a fraternal organization for it is a direct contact with the members. So, why not make it an interesting Journal? All ready I hear someone yelling too expensive! Then how about soliciting paid advertisements to help counter the printing cost ? I am sure there are many companies and organizations that would be only too glad to place ads in such a publication. around trying to catch that ole stork so that his confinement cases wouldn’t come around at convention time. ¥ * ¥ Here’s hoping that Mr. Stéphen Kravecs, Sr., Mr. John Petro, and Mrs. András Minatz get well real soon so that they can get out and enjoy this nice weather. V * * Our field manager is certainly getting around. I was delighted to have a visit from him recently even if he Regardless of what is said or done! in opposition to this idea, the time is now at hand to GIVE THE VERHOVAY JOURNAL A NEW LOOK! PJCNIC A SUCCESS Our annual picnic that was held Sunday, July 15th, at Horvath’s Grove was a huge success. After much planning and thought over the results of such an affair, one can really sigh with relief when it is/ all done. There are no complaints; everything worked smoothly. We had ideal picnic weather — hot and dry — from start to finish. Thanks to a hungry and thirsty crowd, everything was a complete sell-out. Three hogs went into the making of the Kolbász and fried pork (Laci Pecsenye). The kitchen also served stuffed cabbage, hot dogs, and very delicious homemade cakes and pastries. Arthur Nagy and his seven piece orchestra proved to be extremely popular. They entertained with eight! hours of excellent dance music from 3 to 11 P.M. Distant guests and friends were from Johnstown, Pittsburgh, Yatesboro, Leechburg, McKeesport, and Youngstown, Ohio. This picnic was undoubtedly the most successful one held yet, financially and otherwise. Such a success certainly could not have been achieved without the whole hearted support) of the many workers. Under inconvenient conditions and under the great demand from the picnicers, they worked conscientiously and sacrificed their opportunity to have a1 good time. A vote of appreciation and generous thank you is due to the men who butchered the hogs and made the Kolbász; to the women and the Ladies Auxiliary who worked so faithfully in the kitchen; to those who donated the cakes and pastries; to the workers at the confectionery stand; to the women who sold admission tickets; to the men who worked reliably behind the bar; and to everyone who helped in any way, especially the' members and friends who really make such an event what it is. A better group of workers could not be found anywhere! TRUSTEE PASSES AWAY The picnic was marred with one note of tragic news that was received during the afternoon. The many friends of William “Dutch” Wanamaker were shocked by the news that he had suddenly become ill and had passed away while returning from a retreat near Hermanie, Pa. “Dutch” had been a faithful and active member of Branch 296 for the past several years. He took part1 in branch activities by being a memwas pressed for time and his visit was short. Come around more often Mr. Rettmann but please try to stay a little longer. The convention delegates, Mr. Joseph Drotos and Mr. Louis Balogh were all in a dither too, for when they went to Pittsburgh and the convention they were to meet their old friends again, whom they haven’t) seen for some time. So now its so long until next time, when I hope to have some of the more personal news from the convention. (Continued on page 11)
