William Penn, 1956 (39. évfolyam, 1-12. szám)
1956-05-02 / 5. szám
r PAGE 4 William Perm May 16, 1956. €4141/ Journal of the William Penn Fraternal Association OFFICE OF PUBLICATION 7907 West Jefferson Ave.. Detroit 17, Michigan. PUBLISHED SEMIMONTHLY BY THE William Penn Fraternal Association Managing Editor. COLOMAN REVESZ Editors: JOHN SABO and ALBERT J, STELKOVICS Editor’s Office: 436—442 FOURTH AVENUE PITTSBURGH 19, PA. Telephone: COurt 1-5454 or 1-3455 All articles and changes of address should be sent to the WILLIAM PENN FRATERNAL ASSOCIATION 436—442 FOURTH AVENUE, PITTSBURGH 19, PA. SUBSCRIPTION RATES: United States and Canada ....................................... $1.00 a year Foreign Countries ....................................................... $1.50 a year Entered as Second Class Matter at the Post Office at Detroit, Michigan under the Act of March 3, 1879. William Perm Fraternal Association CERTIFICATE OF AUDIT The books and accounts of the William Penn Fraternal Association (the former Verhovay and Rákóczi Associations) were audited for the six months beginning July 1,1955 to and including December 31, 1955, and certification is made as to the correctness of the financial schedules for the above-mentioned period as stated in the published records of the William Penn Fraternal Association. All of the income accounts were first examined and verified,, i.e., individual branch treasury slips showing the total branch remittance were cheeked against those amounts officially shown in the tabulated monthly dues ledger, interests received were traced to the bank deposits slips, the same can be said for the rentals obtained from the Home Office Buildings, and also the interests received from the various mortgage loans, a physical count and inspection verified stock dividends credited to our Association, profit on sold and called bonds also verified, each deposit checked against the bank statement issued by a responsible banking institution. , The Bond portfolio of our Association was checked most carefully, and each and every bond accounted for. The examination of these securities disclosed the fact that as of December 31, 1955, the total investment value of the bonds was $20,779,374,31,. distributed as follows: TELL OUR FRIENDS... Let’s tell our friends that the first statue of George Washington to be erected on the European continent was in Budapest in 1905. This is. merely proof of the fact that Hungarians have always followed with great interest the events that shaped world history, respecting those leaders of other countries who by their knowledge and example guided their nations in. the pursuit of truth, justice and progress. * * * Let’s tell our friends that the armed forces of Argentina were Organized by a Hungarian officer, General John. Czecz, who immigrated there after serving notably in his own country’s tragic and unsuccessful attempt to gain freedom. * * * Let’s tell our friends about the origin of Tokay wine in America, the most famous and perhaps favorite among American domestic wines. August Haraszthy came from Hungary with graftings of the Tokay grape vine and introduced the European method of wine grape cultivation in California. A city was named for him, although after many years renamed, but there is still a Haraszthy Street in San Diego. Louis E. Simcho, Branch President, Dies The final summons came to Louis E. Simcho, after a long- illness, on February 10, 1956 in an Omaha, Nebraska hospital. The deceased, a Navy veteran of World War II and the Korean War, was 32 years old and lived at 4697 Pacific Street, Omaha. He was laid out at the John A. Gentlemen mortuary. Religious services were held at St. Joseph’s Church with burial in Calvary Cemetery. At the grave side a guard of honor held military rites. Survivors include his wife, the former Ruth Jeanne Mann whom Simcho married in 1949; two sons, William and Richard; his mother, Mrs. Susan Simcho, four brothers, James of Munhall, Pa., Andrew of Pittsburgh, Pa., Paul chief yeoman, U. S. Navy, Joseph of Omaha, Nebr.; and a sister, Mrs. Louis Zuroske of Omaha. The late Louis E. Simcho was employed as a pipe fitter at the Union Pacific Railroad shops. He was president of Branch 278-V, Omaha, of which branch his parents were charter members. We extend our sympathies to the bereaved. 1 Notice to Members of Branch 130-R At'the directorial meeting of Branch 129-V, date of March 13, 1956, the decision was made to extend the privileges of the Branch 129-V Club House to the members of Branch 130-R, both branches located in Columbus, Ohio. These privileges carry certain conditions with which the invited mem-* bers are to be aquainted. Membership cards will be issued by Branch 129-V only. The name and address of every Branch 130-R member issued a card for membership in the club must be forwarded to the secretary of Branch 129-V. Branch 129-V welcomes Branch 130-R.. Governments $ 1,870,989.50 States, Territories and Possessions Political Subdivisions of States, Terr. & 986,514.46 . Possessions 3,259,492.78 Spec. Revenue & Spec. Assessment obligations none Railroads 1.211,862.13 Public Utilities 12,127 408,09 Industrial & Mise. 1,323,107,35 $20,779,374.31 Our assets and their distribution as of December 31, 1955 are follows : Bonds (Investment Value) $20,779,374.31 Stocks (Market Value) 144,945 00 Mortgage Loans on real estate 1,856,237.85 Real Estate occupied by Society i and held as Investment 406,308.58 Certificate loans and liens 711,496.90 Cash and bank deposits 310,173.36 Premiums collected but not remitted Interest and other investment income 54,323.41 | due and accrued 192,686.32 TOTAL ASSETS $24,455,545.73 The members of the Auditing Committee were able to check firsthand the accuracy of the items listed above, and the Committee found the extensions and computations correct. All of the papers dealing with many of the items listed were obtained together with ledgers and books of account and verification was obtained to our- entire satisfaction. Considerable time was devoted to the examination of the disbursements made by our Association in the various departments, such as general, sick benefit, dividends, commissions and salaries, loans and trust fund, death benefit claims, investment expenses, Sports, official publication, advertising, and other miscellaneous expenses. In the examination of these items, each individual: check disbursed was accounted for: furthermore, supporting papers and vouchers were carefully scrutinized for all items. No discrepancy was found in the issuance of any check, and no violation of any of our by-laws was noted in the payment of any check. The Auditing Committee at this meeting was composed of three former Verhovay members, and two former Rákóczi members, and we are pleased to state that our examination was conducted in an atmosphere of friendly co-operation and complete harmony. The Auditing Committee checked the merger proceedings and its expenses and ascertained that each of the former societies paid their own expenses, in fact managed their own accounts up to Dec. 31, 1955, even though the merger was officially approved, as of October 30, 1955. We commenced our examination on April 9th, 1956, and completed it on April 21, 1956. AUDITING COMMITTEE CASPAR PAPP, FRANK FÖLDI, WILLIAM C. KOHUT, ■ ALBERT A. MARK, ANDREW BANDY
