William Penn, 1962 (45. évfolyam, 5-23. szám)
1962-05-16 / 10. szám
PAGE 4 May 16, 1962 William Penn Official Organ of the William Penn Fraternal Association OFFICE OF PUBLICATION RAPID PRINTING COMPANY 7907 West Jefferson Ave. Detroit 17, Michigan PUBLISHED SEMIMONTHLY BY THE William Penn Fraternal Association Managing Editor: JULIUS MACKER Editor’s Office: 436-442 FOURTH AVENUE PITTSBURGH 19, PA. Telephone: COnrt 1-3454 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 ___________________________ $1J>0 a year Entered as Second Gass Matter at the Post Office at Detroit, Michigan under the Act of March 3, 1879. THE FIELD MANAGER SAYS .. . V - , ’ ... 'T -By Elmer Charles “HOW 5 UNIQUE ADVANTAGES OF LIFE INSURANCE CAN BRING PEACE OF MIND AT THE STROKE OF A PEN: 1. By guaranteeing funds for college. By figuring in advance the cost of sending their children to college, parents can make sure — through their life insurance — that college expenses can be met. 2. By enabling you to accept new opportunities with confidence. You know, in advance, exactly how much money will be available in your life insurance at any given time. Secure in this knowledge, you feel free to accept the risks of a new opportunity more readily. 3. By safeguarding the home. With life insurance, a man can safeguard the home his family loves by owning a policy which takes care of any unpaid mortgage. 4. By guaranteeing family protection. With life insurance, a family is protected right from the start. For life insurance guarantees, at the stroke of a pen, an amount of money far greater than most couples could save in many years. 5. By providing a steady retirement income. A couple can get more pleasure from their later years when their life insurance provides a steady income guaranteed to last for both their lifetimes. WHEN SOMEONE’S COUNTING ON YOU . . . YOU CAN COUNT ON LIFE INSURANCE.” Field Man’s Daughter Participates in Awards A William Penn member, daughter of a veteran Field Man of the William Penn Fraternal Association, recently represented one of fourteen winning stores in the Philadelphia More Beautiful Committee’s weeklong Festival of Fashions and Flowers, climaxed with ceremonies attending the presentation in City Hall. A plaque for the Best Small Store Displays was accepted for “The Parlour” by its representative, Mrs. Walter Shine, former Pittsburgher and daughter of retired District Manager and Mrs. John Fulop, well. known Pittsburghers who have for many years- participated in the fraternal, social and cultural activities of the Pittsburgh Hungarian Americans. Mr. Fulop, who began his services with the old Verhovay Aid Association in the 30s, is now a Special Agent for the William Penn Fraternal Association. Mrs. Shine, born Ann Fulop (Phillips) is a member of Branch 376, Pittsburgh, Pennsylvania, which her father managed for many years, and her husband is also a member of the same branch. CERTIFICATE OF AUDIT TJie books and accounts of the William Penn Fraternal Association were audited and examined for the six months beginning July 1, 1961, and ending on December 31, 1961, and certification is hereby made as to the correctness of the financial schedules and exhibits for the above-mentioned period as stated in the published reports of the William Penn Fraternal Association. All income items were examined. Individual branch treasury slips showing total branch remittances were checked against those amounts officially listed in the dues ledger; profit on sold and called bonds was verified along with the dividends received on stocks; all interest received was checked against bank deposit slips, as well as rentals obtained from Home Office buildings and lots; also, interest received from all of the mortgage loans on our books. Then, too, each deposit was checked against the bank statement and reconciliation of all bank accounts was obtained. Our Bond Portfolio showed a value of $23,158,281.98 while our Stocks were valued at $1,725,062.90 as of December 31, 1961. Our Assets and their distribution as of December 31, 1961, were as follows: Bonds .......................................................................................$23,158,281.98 Stocks ........................................................................................ 1,725,062.90 Mortgages ................................................................................. 1,321,353.92 Home Office Bldg, and Other Association Owned Real Estate ...................................... 1,176,969.24 Branch Real Estate Loan .................................................. 45,963.61 Policy Loans and Liens ........................................................ 1,090,164.79 Cash and Bank Deposits ..................,.........-........................ 194,068.53 Other Assets .................................... .......Í....................... 55,763.44 Total ledger assets ................................ $28,767,628.41 Less: Liabilities .................................... 8,485.91 Net Ledger Assets .........................................................$28,759,142.50 The members of the Auditing Committee checked firsthand the accuracy of the items listed above and found the extensions and computations correct. Furthermore, those papers dealing with many of the items shown above were obtained together with the necessary ledgers and books of account and verification was obtained to our entire satisfaction. Much time was devoted to the examination of the expenditures made by our Association in the various departments and under the headings of sick benefit, commissions and salaries, dividends, loans and trust fund, death benefit claims, investment expenses, official publication, advertising and miscellaneous expenses. In the examination of these items, each individual check disbursed was accounted for. Then, too, all necessary supporting papers and vouchers were most carefully -scrutinized for each and every item. Our examination commenced April 23rd, 1962, and was completed May 5th, 1962. AUDITING COMMITTEE GASPAR PAPP, Chairman WILLIAM C. KOHUT, Secretary MICHAEL HEGEDŰS, Member LÁSZLÓ E. KERESZTI, Member VALENTINE KONYHA, Member NOW THE QUAKERS ARE UP IN ARMS . (GRAND RAPIDS PRESS) The navy department seems unconsciously to have insulted the Quakers in deciding to name the next Polaris submarine the William Penn. Quakers around New London, Conn., are hopping mad, since Penn, the most famed Quaker of all, was a confirmed pacifist. We’re sure that no one in the navy department deliberately sought to flout Penn’s convictions in this manner. It undoubtedly was just a mental lapse — a mistake that, fortunately, can easily be corrected by finding another name for the sub. The incident does serve, however, to illustrate the point that no matter how well intentioned a person may be, he stands in danger of treading on someone’s toes. Sometimes we think that. minority groups in our country are too quick to take offense. In fact as a people, generally, we are not nearly as hard-shelled as some of our critics abroad would have the world believe. * (Ed. Note: We thank Dr. Andrew Kovács, our Cleveland Director, w ho . sent the above to us. If the good Quakers, or Friends as they prefer to be called, had not objected to a new- Polaris submarine being named WILLIAM PENN, then the William Penn Fraternal Association would be sharing the honors along with the Society of Friends, for the great WILLIAM PENN of Pennsylvania (Penn’s Woods) is the common ideal of both societies.) ON THE JOB when 11^ where NBM '•* counts counts
