Verhovayak Lapja, 1955 (38. évfolyam, 1-12. szám)

1955 / Verhovay Journal

October 19, 1955 Verhovay Journal PAGE 7. The Auditing- Committee during- the past four years on numerous oc­casions reported the regrettable situation existing in the cash surrenders of membership certificates. Our organizing force does everything- possible in order to increase the membership of our Association but they cannot attain the desired results if they do not educate our membership that loans serve the same purpose as cash surrenders, and thereby insurance on the lives of the membership would be kept in fopce. It is for this reSteon amongst others that we should increase our field force, and continue traming them to serve our member­ship better, and to enable them to meet competition without fear. Many of those members who in past years obtained scholarship loans are now in favorable positions to repay these loans. Dr. ANDREW KO­VÁCS directed requests to all scholarship loan recipients but his well­­directed efforts failed to produce the repayment of these loans. The funds which have been accumulated during the past years for the Verhovay Crippled Children, a movement fostered by our faithful member JOHN KOROSFOY, can be found intact in the Treasury of our Association. This amount at the close of business, June 1955, amounted to $10,618.30. The Auditing Committee advocates as has the Board of Directors, the con­tinued payment of $1000.00 annually to the American Hungarian Federation for the ensuing four years. The Board of Directors authorized one representative at the meetings of the American Hungarian Federation, and this representative was Na­tional President, JOHN BENCZE. However, when JOHN SABO, National Auditor, was elected Treasurer of the American Hungarian Federation, and the Board of Directors concurred, he also attended the meetings. The Committee has concluded that this position results not only in lost time but also financial outlay for the Association. We ask the delegates to act upon this matter. The Auditing Committee submits to the National Convention the above­­listed items along with the Treasury Report, and requests that the honored delegates accept this report and honor us with the customary release. GÁSPÁR PAPP ANDREW BANDY WILLIAM C. KOHUT STATEMENT OF ASSETS, LIABILITIES, SPECIAL RESERVES AND UNASSIGNED FUNDS FOR PERIOD ENDING JUNE 30, 1955 ASSETS Bonds Certificate Loans and Liens Mortgage Loans Cash on Checking Account Home Office Building Real Estate Interest Income Due and Accrued Stocks Bank Savings Deposits Dues Receivable from Branches Branch Real Estate ' Total Assets, etc. as of 6-30-55 LIABILITIES, RESERVES AND Life Certificate Reserves Accident and Health Certificate Trust Fund Monthly Dues Paid in Advance Accident and Health Certificate Claims Life Certificate Claims Security Valuation Reserve Field Commission Due or Accrued General Expenses Due or Accrued Taxes, Licenses and Fees Due or Accrued Employees Pension Fund Dividends Accrued Unearned Investment Income Total Liabilities, etc. as of 6-30-55 Unassigned Funds or Surplus as of $14,211,756.83 587,224.54 525,839.80 103,782.48 114,149.98 134,847.86 79,249.25 43,951.64 39,886.74 40,340.22 $15,881,029.34 UNASSIGNED FUNDS $13,551,280.00 578,132.00 Reserves 106,277.66 123,925.20 49.150.00 28.100.00 71,159.32 10,396.77 17,229.47 5,680.76 59,271.40 1,416.55 10,513.29 $14,612,532.42 above date 1,268,496.92 9RISR!Rll«iaraKHIRRISiaiHRiaiara^l^RE»a^liaiS«ailHKItailSI£^iaMllBiBS!®PC®IIRI(»<jf«SIH!ai8T4 News From Northwestern Ohio BRANCH 27 TOLEDO, OHIO By Stephen J. Ivancso It truly was a wonderful experience to meet fellow Verhovayans from the Atlantic seaboard to the Pacific coast at our 23d Verhovay Con­vention held at the William Penn Hotel in Pittsburgh. The momentous occasion occur­red at approximately 4:30 p. m. on Thursday, September 15, a date long to be remembered. After the con­tracts were approved by the delega­tes, which contracts merged Rákóczi and Verhovay, a cheer went up and we sang the American and Hunga­rian National anthems. With tears of happiness flowing freely and una­shamedly from many a man’s eyes, word went out: “We’re William Penn now!” I know that I’ll never forget that day. During the week of the convention, I had an apportunity to meet quite a few bowlers—non—bowlers, too who attend each years’ Fellowship Days. Joe Taylor, our dairyman from Buffalo, New York, attends all the tournaments, but he doesn’t bowl. Joe is always full of good humor. He tells me that Toledo isn’t the only town with good bowlers, for Buf­falo has good ones, too. Joe, our own Bob Nickel from Toledo shot the first 800 series for the 1955-56 season while I attended the convention. Westinghouse is usually associated with Pittsburgh, or vice versa. Dele­gate Anthony Noel is a metallurgist for Westinghouse in the City of Brotherly ' Love-Philadelphia. Mr. Noel brought his charming wife along to see the convention and the sights in Pittsburgh. Steve Szemes, a bowler from Philadelphia, can hardly wait for the next tournament. It’s nice to see a father and son combination at a convention. This honor went to Director Steve Lang, Si-., and delegate Steve Lang, Jr., from Bethlehem, Pa. Many times it could be heard on the convention floor: “Who said that, Lang, Jr. or Lartg, Sr.?” They are two energetic Verhovayans. Another bowler who attended the convention was Steve Sutch, Jr., from Fairport Harbor, Ofiio. He too wants the Fellowship Days to continue. COMPARATIVE STATEMENT OF ASSETS, LIABILITIES, SPECIAL RESERVES FOR YEARS AND UNASSIGNED FUNDS ASSETS Bonds .................................................................................................... Certificate Loans and Liens .............................................. Mortgage Loans ........................................................................ Cash on Checking Account ................................................ Home Office Building Real Estate ............................... Interest Income Due and Accrued ............................... Stocks ................................................................................................. Bank Savings Deposits ........................................................ Dues Receivable from Branches .................................... Branch Real Estate ................................................................... Total Admitted Assets .............................................. LIABILITIES, RESERVES and UNASSIGNED Life Certificate Reserves ................................................... Accident and Health Certificate Reserves ............... Trust Fund ..................................................................................... Monthly Dues Paid in Advance ...................................... Accident and Health Certificate Claims .................. Life Certificate Claims ....................................................... Security Valuation Reserve .............................................. Field Commissions Due or Accrued ............................. General Expenses Due or Accrued ............................... Taxes, Licenses and Fees Due or Accrued ........>.. Employees Pension Fund ................................................... Total Liabilities, etc..................................................... Unassigned Funds or Surplus ............................... 1951, 1952, 1953,1954 1951 1952 1953 1954 ... $11,204,539.38$11,803,576.47 $12,671,613.35 $13,748,628.09 543,710.56548,050.77 544,105.41 566,160.54 323,860.17583,073.93 649,586.53 551.193.27 223,409.25 208,894.33 146,118.86 66,385.67 124,318.33 120,516.80 115,495.27 114,149.98 102,933.01 110,366.65 121,869.50 130,170.05 41,298.78 50,979.37 54,156.00 69,148.00 39.402.05 39,218.44 40.319.88 44,209.36 ... 32,540.55 44.221.45 41,069.37 38,297.40 9,208.97 6,501.43 17,468.29 40,513.78 ... $12,645.221.05$13,515,399.64 $14,401,802.46 $15,368,856.14 iS ... $11.079,863.00$11.888.699.00 $12,546,427.00 $13,193,061.00 553,343.07529,261.00 570,950.00 575,316.20 97,921.03 108.435.17 101,890.54 106.999.03 97,537.51 101,451.65 106.031.45 118,987.23 38,988.88 40,600.00 50,508.56 48.444.76 36.270.00 23,500.00 30,750.00 20,500.00 15,372.71 32,592.13 24.656.01 60,075.27 11,428.28 9.690.85 10,863.21 10,846.98 6,363.36 3,270.31 5,027.92 3,718.01 4,790.26 5,481.13 4.829.56 5,204.05 —.— 15,607.07 31,979.67 50,484.65 ... $11,941,878.10$12,758,588.34 $13,483,913.92 $14,193,637.18 703,342.95 756,811.30 917,888.51 1,175,218.96 Among all the delegates, a fine Irishman by the name of John Ing­­lesby represented Trenton, New Jer­sey. He calls himself “Irish- Hun­garian”. John is safety commission­er for the city of Trenton. He is very proud that all his children aro members of Verhovay, By the end of the week John knew what ‘’’napi­­dij” meant—per-diem, or per day fee! Mr. Inglesby you are a great fraternalist, and Trenton and Ver­hovay there can be very proud of you! Our own delegate, John Mokri, Jr., gained a lot of valuable knowledge at the convention. The only thing that John missed on the way home was — when the sign says “35 miles per hour” it doen’t mean 55. The man in blue who signaled us to stop in the middle of the night told us so — and John was out one “napi­­dij”. The banquet at Springdale, honor­ing the Rákóczi and Verhovay dele­gates, an impressive success. The food was delicious and the music pleasing. There should be more homes in our organization of the Springdale type. Since I came home, a lot of people have asked me whether Pittsburgh is still a smoky city. Here's my an­swer. Pittsburgh today is smokeless and one of our fastest growing ci­ties. Every day is a clear day, with no parking problems, for in the heart of the city you can park as many as twelve hundred ears. Within four blocks of the William Penn Hotel, there are four buildings that park at least six hundred cars each, Across the William Penn is the beautiful new gleaming Alcoa Building, thirty stories of office space, made of alu­minum. At the triangle area, where the Allegheny and Monongahela Ri­vers meet, forming the Ohio River, are three neyv buildings, each at least 30 stories in height. Yes, Pitts­burgh today is a fast g-rowing me­tropolis. The William Penn Hotel is one of the biggest in Pittsburgh. Su ­perb service and friendliness are among its many features, also the cozy Continental Room, where many a lasting friendship is founded. As I arrived home, it was great, to hear that Bob Nickel shot an even 800 series at Swayne Field. Rip Tinta had a 681 at the First Base Recreation and, Hazel Vischer, cap­tain of the girls’ team in Chicago, had a 245 high game. William A. Smith, president of the. Times Classic, arrived home safely after an extended trip to England and France. Mrs. Smith) was a happy woman. Bill came home with some of the rare Paris perfume. As I close this column, which is mostly about the convention, I wish to congratulate our newly elected National Officers and Board of Di­rectors, hoping that the Lord will bless them and give them good health, so that they may guide our William Penn Fraternal Association toward one goal for 1959 — when we'll proudly say we are 100 thousand strong. May this come true!--------------------------­If you live with your ear to the ground you will hear many things your feet would have trampled over. A man is responsible only for half of his reputation; his friends control the other half.

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