William Penn, 1964 (47. évfolyam, 5-21. szám)

1964-07-15 / 14. szám

July 15, 1964 PAGE 5 William Penn Former Director Dies John Bishop (Püspök), one­time director of the former Verhovay Aid Association (Verhovay Fraternal Insur­ance Associaion) for two terms from 1927 to 1935, died June 2, 1964. Mr. Bishop was widely known for his many activities in the Pittsburgh area, especially in the Hazelwood and Glenwood Branch High Lights (Continued from page 3) member of the Alpha Phi Omega, a National Service Fraternity. Milan has been awarded a National Science Foundation Fellowship and sections. He was a member of Branch 34, Pittsburgh, Pennsylvania. A floral tribute was sent by the William Penn Fraternal Association. The deceased was laid out at the O’Toole Funeral Home. Requiem Mass was celebrated June 6 at 9:30 a .m. in St. Ann’s R. C. Church. will attend the University of Penn­sylvania in September. He is the son of Mr. and Mrs. Max Degyansky of 1015 Howard Ave., Altoona, Pa. The father is manager of Branch 245 in Altoona. Our best wishes to Milan in the pursuit of his education. Veteran Members and Officers Honored (Photo - Bramac) L to R: William Sontra, Andrew Hutkay, Joseph Poliak, Stephen Dokus, Stephen Dikun, Paul Terjeki Long-time members and two of­ficers of Branch 3, South Norwalk, Connecticut, were honored by more than one hundred members and friends at a banquet held on Sun­day, June 14, 1964. Joining in the festivities were Na­tional Officers Louis L. Varga, First Vice President, and Frank Bero, Director. Another dignitary was Re­gional Manager Andrew R. Balogh. The program was opened by Joseph Poliak, President of Branch 3, who greeted and welcomed the guests and then introduced the master of Bero the Illustrious Citation and the Gold Emblem, the highest honor from our Association. Congratulations to the veteran members and to the two honored officers of Branch 3. Finally, much credit goes to Branch President Joseph Poliak and his fellow officers for their unified efforts to assure the great success of this affair. ANDREW R. BALOGH Regional Manager Query: What is The Cash Value Of a College Education to Your Boy? Most parents today plan to give their children some form of higher education. They realize that college, aside from increasing a child’s earning capacity, provides the way for fuller life. Here is the picture from just the financial side: The Untrained Man with only an elementary education reaches a maximum income at age 40. This income will average less than $1,700 a year. More than fifty out of every hundred un­trained workers are dependent upon others for support after the age of 60. Total earnings from 14 to 60, about $116,000. The High School Graduate passes the maximum of the un­trained within ten years and rises steadily to his own maximum of approximately $5,000 at age 50. Total earnings from 18 to 60, about $165,000. The $49,000 more than that earned by the untrained man represents the cash value of high school — over $12,000 for each of the four years of the course. The College or Technical School Graduate’s income at age 30 equals the high school graduate’s at age 40, and it continues steadily to rise without a break. The graduate with the A.B. de­gree averages $8,000 at age 60. The graduate in commerce or business administration averages $10,500. Total earnings from 22 to 60, from $250,00 to $275,000. The $100,000 more than that earned by the high school graduate represents the cash value of a college education. As any parent knows, college education today is an expensive proposition. The cost of a four year course may run anywhere from $8,000 to $12,000. The fact that the average male college graduate will receive $100,000 more in lifetime income than the average high school graduate is of little help to Dad in meeting the current tuition bill. It is interesting to note that life insurance is the chief fund­ing medium being used by American parents in planning for their children’s college education. According to a recent survey report, parents of more than two-thirds of all children under 18 in this country expect to send them to college; forty percent of these parents say they now have a plan under way for saving towards this; and sixty percent of those with such plans give life insur­ance as their plan. The next nearest medium is said to be a sav­ings account, which is reported by twenty-eight percent. The WILLIAM PENN FRATERNAL ASSOCIATION has many insuran.ee plans which can be used to assure a college edu­cation and its lasting advantages. Parents belonging to the WIL­LIAM PENN should assure their children with this progressive society. A talk with a WILLIAM PENN representative will enable parents to choose the plan of WILLIAM PENN insurance best for their children’s future. Call for an appointment today to discuss this vital matter. ceremonies, District Manager Paul Terjeki of Branch 3. This was fol­lowed by the invocation by the Rev. Dr. John Butosi, pastor of the Hun­garian Evangelical and Reformed Church. Main speakers were First Vice President Varga and Director Bero. Both officers gave ample credit to the veteran Branch 3 members for their part in developing the branch and in working for the greater growth of the Association. Both na­tional leaders also took part in the presentation of the 50-Year Mem­ber Emblems. After the emblems were presented, Mr. Varga greeted Branch 3 officers Stephen Dikun, treasurer, and Wil­liam Sontra, secretary, conveying to the two the best wishes of the Board of Directors and the Home Officers. Messrs. Dikun and Sontra were about to be ceremoniously hon­ored for their long and loyal services to Branch and to Associa­tion, and Mr. Varga asked them to continue their fine work, leadership and untiring efforts as true frater­­nalists interested in the welfare of Branch 3 and the William Penn Fra­ternal Association. Then the two branch officers received from First Vice President Varga and Director ARC Men Serve Around the World Wherever U.S. servicemen are stationed, they will find American Red Cross men nearby to help them. At left, ARC man Montell Kyler covered miles of back-country roads during maneuvers in South Carolina last August to find Pfc. Preston Stafford of Lexington, Ky., and give him good news about his family back home. At. right, Charles Bowden, ARC man at Saigon, Vietnam, gives similar information to U.S. Navy Petty Officer John McQuitty for delivery by Navy junk to a soldier stationed at an isolated post along Vietnam’s Mekong River.

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