Verhovayak Lapja, 1953 (36. évfolyam, 1-12. szám)
1953 / Verhovay Journal
VOL. XXXVI. JULY 15, 1953 NO. 7 OUR SINCERE THANKS To YOU, those field workers, who participated in the Szalanczy-Szabo New Membership Campaign which concluded at the 10th Annual National Verhovay Bowling Tournament and the National Verhovay Fellowship Days, Toledo, Ohio. The results of your splendid efforts are evidenced in the 2V4 million dollars of new business which was written into our records. The two National Officers who were so signally honored by your record achievement are most appreciative and grateful for the high esteem in which you hold them, and for the great and loyal service you gave in the best interests of your society, which is operated in behalf of the best interests of all the members. We, the National Officers, express to you the sincere thanks of each member of the Board of Directors, as well as our own deep gratitude, and we will never forget the grand record that you achieved. JOHN BENCZE COLOMAN REVESZ National President National Secretary JOHN SZALANCZY JOHN SABO National Treasurer National Auditor FRATERNAL SOCIETIES COOPERATING WITH BLOOD DONOR PROGRAM The Fraternal Societies of Greater Pittsburgh, of which our own Verhovay is a member, has charted a course for (the summer months helping the National Fraternal Congress make a success of the nationwide Blood Donor Program. The latest report from the National Fraternal Congress’ headquarters reveal that more than 45 societies, representing a membership of 4,000,000 and 36.000 lodges, are taking part. The blood drive was extended for several months, and as a result the Fraternal Societies of Greater Pittsburgh has spurred its efforts to get, an even better participation from the societies in and near Greater Pittsburgh. A meeting was held at the Verhovay Building Thursday morning, July 9th, to interest all the societies in a last minute allout drive. National Auditor John Sabo, who is President of the Fraternal Societies of Greater Pittsburgh, and Joseph Porta, Secretary of the Catholic Knights of St. George and the Fraternal Societies of Greater Pittsburgh, recently appeared on a radio program broadcast from Station KDKA, Pittsburgh ,to explain to the citizens of the Pittsburgh area the work that has been carried on by the various fraternal societies. The broadcast was arranged for by the- American Service Institute under the direction of Miss Leela Fehr. Mr. Sabo and Mr. Porta explained the fraternal blood donor program to the listeners and invited other organizations! to take similar part in this very urgent program of human good will. All members of the Verhovay Fraternal Insurance Association, as well as members of all other fraternal societies, ai'e NOW requested, more thani ever, to heed the call of thei National Fraternal Congress for cooperation with the Office of Defense Mobilization and the American Red Cross. Organizations such as ours are? the backbone of democracy. We — working together in groups — can do a very proud and most vital service for our country. The blood supply is dangerously low. Therefore we, mhst undertake this life-saving mission. Although a Korean peace may becorpe a reality, the effects of this three year war toll a grim report throughout the nation, not only for the present but for years to come. If we would understand this we need only to remember our Veterans’ Hospitals. Thousands of our young men, who are fortunate enough to come home, will have these service hospitals as their stopping-off (Continued on page 3) SUMMARIZING PAST YEAR’S RECORD OF THE FRATERNAL INSURANCE SYSTEM (As Shown in the Fraternal Monitor, May 1953) • THE Fraternal Monitor takes no small amount of pride in again presenting in this, its May issue, a series of articles composed of exclusive data on the past year’s accomplishments of the legal reserve fraternal benefit insurance system. A summation of operations in all departments is presented on the pages that follow. This data is from the official reports of the societies to the insurance commissioners of the various states. In the table below is a condensed summary of the numerical and financial progress of the Fraternals. It is of special note that the total of insured and social members of the fraternals now exceeds 10 million.- Also significant of the progress of fraternalism is the fact that the fraternal insurance written in 1952 exceeded $1 billion. The increase in insurance in force, covering adult and juvenile members, continues. There also is an increase in certificates, or policies, of both departments. Total assets of the societies continues upward. The combined showing at the end of the year follows: Fraternal Insurance in Force, Jan. 1, 1953............... $9,578,055,187.00 Juvenile Insurance in Force (included in above) $1,237,148,173.00 Number of Insured Certificates or Policies (including 1,723 345 juveniles) 9,176,870 Number of Social or Associate Members (not insured) .................................................................... 895,617 Total of Insured and Social Members (Sum of above two items) ............................................................... 10.070,477 Number of Lodges ................................................................... 83,618 Average Coverage of Adult Members ...................... $ 1,131.00 Average Coverage of Juvenile Members $ 718.00 Certificates written in 1952 ....................................... 927,486 Insurance written in 1952 $1.004,171,504.00 Total Assets, Jan. 1, 1953 ..................................................... $2,359,234,537.00 Current Liabilities ................................................................... $ 121,196,793 00 Certificate Reserves Reported ......................................... $1,836,837,989.00 Amount invested in Government Bonds $ 507,591,876.00 Total Income in 1952 ............................. $ 321,960,423.00 Total Disbursements in 1952 $ 223,443,611.00 Death Claims Paid in 1952 (included above)........... $ 92,497,849.00 Refund Dividends Paid in 1952 (included above) $ 16,335,369.00 Other Benefits Paid (Endowment, Accident and Health, etc.) ............................................................ $ 42,134,070.00 Total Benefits Paid in 1952 (sum of above three items) ......................................................................... $ 150,967,287.00 Benefits Paid Since Organization ............................... $7,075,502,077.00 INCREASES IN TOTAL CERTIFICATES OF MORE THAN 300 DURING 1952 ® INCREASES in memberships of both Adult and Juvenile department of the fraternal benefit socities is reflected in the reports of the past year. The societies now combine in one total the membership of these two departments. At the close of 1952 the total number of insured certificates, or policies, including Juveniles, "Was 9.176,870. In 1948 the average adult certificate was $1,026; in 1949, $1,038; in 1950, $1,052; in 1951, $1,091 and in 1952, $1,131. These figures clearly indicate the trend toward larger average certificates. The total number of certificates in force, with the addition of social members, was 10,070,477 at the close of 1952. Net increases of 300 or more members were made by 69 societies during the past year. Of this number 37 societies made gains of 1,000 or more. 69 Increases in Total Certificates in 1952 Aid Association for Lutherans.................................................... 25,099 Electrical Workers Benefit Association 20,999 Lutheran Brotherhood 15,687 Unity Life and Accident Insurance Association 15,655 Modem Woodmen of America ....................................... 13,672 Independent Order of Foresters 13,535 United Commercial Travelers of America 12,137 Knights of Columbus 9,694 (Continued on next Page)
