William Penn, 1956 (39. évfolyam, 1-12. szám)

1956-10-03 / 10. szám

¥«L XXXIX. OCTOBER 17, 1956 51 NUMBER 10. IN THE INTEREST OF TRUTH Our Board of Directors, at its recent and latest session, was faced with passing judgment on an unsavory situation existing at Branch 98-V, Bethlehem, Pennsylvania, between one Julius Kiucsik, member, and Stephen Lang. Sr., Director. The case in question is known by the members of Branch 98-V, there being no particular value in familiarizing the rest of the membership with it. After thorough investigation, both pro and con, of all the facts, the Board of Directors concluded that member Klucsik’s attacks, both by word of mouth and in writing, against Director Lang, were without foundation, unjustified, uncharitable and in violation of the principles of fraternalism. It is regrettable that the sincere efforts of Director Lang were rewarded with barbs, criticism and assaults on the honor of this veteran Director. The Board of Directors unanimously affirmed its faith and confidence in Director Lang. It has always been the policy of this Association to give the benefit of the doubt and to do everything reasonably possible for the member, but at the same time ever to defend what is right and just in its actions. William Penn Fraternal Association CERTIFICATE OF AUDIT The books and accounts of the William Penn Fraternal As­sociation were audited for the six months beginning January 1, 1956 and up to and including June 30, 1956, 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 the income accounts were first examined and verified, i.e., individual branch treasury slips showing the total branch remittances were checked against those amounts officially shown in the tabulated monthly dues ledger, interests received were traced to the bank deposit slips, and 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 has verified the stock dividends credited to our Association, profit on sold and called bonds was also verified, each deposit checked against the bank statement issued by a responsible banking institution. Our Bond portfolio was checked most carefully, and each and every bond accounted for. The examination of these secur­ities disclosed the fact that as of June 30, 1956, the total invest­ment value of the bonds was $21,150,934.45, distributed as fol­lows: Public Utilities $12,399,335.70 Government 1,595,194.50 State Special Revenue 529,441.20 Municipal “Regular” Bonds 1,133,179.24 Municipal Spec. Revenue Bonds 1,900,859.32 Canadian Municipals 476,783.18 Railroad Bonds 1,023,449.06 Railroad Equipment Trust Bonds 203,561.91 Industrial Special Bonds 38,000.00 Industrial & Mise. Bonds 1,851,130.34 TOTAL $21,150,934.45 Our assets and their distribution as follows: of June 30, 1956 Bonds $21,150,934.45 Stocks 184,718.04 Mortgage Loans on real estate Real Estate occupied bv -iety 1,980,459.89 and held aCinvt 367,775.02 Certificate loans and . 0 739,797.75 Cash and bank Jeposits 374,898.05 Stock Account — Mag .r Home 12,450.00 Accounts receive ale and mise. acct. 1,775.00 TOTAL ASSETS $24,812,808.20 (Continued on page 11) Minutes of the Regular Fall Meeting of the Board of Directors of the William Penn Fraternal Association, Held Monday, September 10,1956, in the Board Room at the Home Office Present are: Coloman REVESZ, National President, Julius MACKER, Vice President, Louisi VARGA, Vice President; DIRECTORS: John P. BALLA, Stephen BENCZE, Gabriel CZERNAI, Michael FACZAN, Aloysius C. FALUSSY, Andrew FEJES, László FISHBEIN, Alexander GYULAY, Al­bert IBOS, Joseph KORMONDY, Michael KOROSY, Dr. Andrew KOVÁCS, Stephen LANG, Sr., Julius J. LENART, Frank MAGYARY, Alexander MOL­­DOVANY, Frank RADVANY, Louis VASSY and Louis VIZI; Albert J. STELKOVICS, National Secretary, John SABO, National Auditor, Julius E. SOMOGYI, National Treasurer, Richard J. PHILLIPS, Investment Mana­ger, Elmer CHARLES, Field Manager and Gay B. BANES, Legal Counsellor. The meeting was called to order at 10:00 A.M. by National President Coloman REVESZ, who warmly greeted the assembled group and extended his best wishes for a successful meeting. Vice President Louis VARGA, who is to serve as Board Chairman for this Fall Meeting, addressed the group in English, outlining briefly his method of presiding over the meeting for the week, and assured everyone that Hungarian translations would be available, upon request, on any matters under discussion. He then requested National Secretary STELKOVICS to ascertain that all Board members and Officers were present. Vice President Julius MACKER, Alternate Board Chairman addressed the group briefly and extended his personal welcome and wishes for a suc­cessful meeting. Director Julius J. LENART was unanimously elected to serve as Re­cording Secretary of this meeting. The Board next concerns itself with the adoption of a Final Agenda and unanimously agreed to insert the following items in the present Agenda: LTnder Point 4, Report of National Officers: Sub-item (d) — Legal Counsellor's Report LTnder Point 7, — Unfinished Business: Sub-item (g) — KLUCSIK, Julius case Under Point 8, — New Business: Sub-item (q) Medical Examinations Sub-item (r) Bowling Committee Report The amended Agenda was unanimously adopted, with the proviso that any other item that may have been omitted may be placed on the Agenda for discussion. The Board acknowledges with thanks, greetings conveyed by Vice President Julius MACKER from Stephen LUKACS and Joseph SZABÓ of Detroit, Michigan; and notes with regret, the passing of Stephen KEMÉNY. The Board further acknowledges the greetings of the Officers and Members of Branches 50-V and 101-R and former Treasurer John SZA­­LANCZY, of Chicago, 111. conveyed by Elmer CHARLES, Field Manager; and further acknowledges Field Manager CHARLES’ expression of thanks to the Board for their kind consideration at the time of his unfortunate accident during the last Board meeting. Further greetings are acknowledged by the Board, from Branch 296-V, Springdale, Pa., Mrs. Amelia FODOR, Rapid Printing Co., Detroit, Mich., Martin MARTON, President of Branch 3G-V, Detroit, Mich., Gáspár PAPP, Chairman of the Auditing Committee, Henry GROSS, former Verhovay Director, and John BARANYAI, Branch President and Michael SIMO, Branch Secretary of Branch 189-V in Alliance, Ohio. At this time the Board concerns itself with the Reports of the National Officers. The Report of the National President and the Field Manager was presented by National President Coloman REVESZ and Field Manager Elmer CHARLES. Same was duly acknowledged and approved by the Board, as a basis for further deliberation. The Report of the National Auditor and National Secretary was present­ed by National Auditor John SABO and National Secretary Albert J. STEL­KOVICS, and was duly acknowledged and approved by' the Board and held for further deliberation. Legal Counsellor BANES presented his Report to the Board, which was duly acknowledged and approved for further deliberation. Dr. Samuel C. GOMORY, Chief Medical Adviser made his appearance and extended his personal greetings to the assembled Board members and Officers. National Treasurer Julius E. SOMOGYI presented the Treasurer’s and Building Manager’s Report, and Investment Manager Richard J. PHILLIPS presented his Report to the Board, all of which were acknowledged and approved by the Board for further deliberation. At this time, the Board discusses briefly the Staff’s request to change from the committee-type meeting to pleniary sessions of the full Board. The Board did not see fit to grant the Staff’s request, the vote being 3-ayes and 16-nayes. The Board decides that they will meet in Committees as heretofore, namely, the FINANCE COMMITTEE — to meet in the National Auditor’s Office; — the REQUESTS, COMFLAINTS AND SUGGESTIONS COM­(Continued on page 2)

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