Fraternity-Testvériség, 1976 (54. évfolyam, 1-4. szám)
1976-07-01 / 3. szám
Our Federation is a member of the National Fraternal Congress, and also of the State Fraternal Congresses in the states in which we are licensed. I am past president of the New Jersey Fraternal Congress, the Maryland and District of Columbia Congress and also the State Fraternal Section of the National Fraternal Congress. I also serve as the National Treasurer of the American Hungarian Federation, Inc. since 1968. * * * I wish to thank my Fellow Officers and the Members of the Board of Directors for their cooperation during the past four years,and to our two counsellors, Judge Alex B. Eger, Jr. and Elmer J. Isaac, who is also Chief Agent in Canada, to our accountants, Bennett Koppelman and Alvin Eglow for their cooperation and service during the past four years. Also to those in the Horae Office and to the Members of the Field Force for their cooperation; to my secretary, Elizabeth Balazs, who has been with the Federation for 47 years, to my bookkeeper, Mrs. Iren Simon, who has been with the Federation for 10 years, and to Mrs. Flora Rivera, part-time worker, for their outstanding work in the Treasurer’s Department. As our Country celebrates its 200th birthday as a nation this year, our Federation is celebrating its 80th anniversary. It is a pleasure to report that the Federation, organized in 1896, has grown in 80 years from a society with assets of $272.00 to a society with assets of over $18 million dollars. Celebrations will be held in many cities this year, and as we look back at the 80 years, let us also look ahead with plans to continue increasing our Federation’s membership and assets. We can with sincere dedication and purpose. May the blessing of God rest upon our work and plans in the future as it has in the past. I submit my report for the years 1972-1975 to the Convention, trusting that upon examination, it meets with your approval and acceptance. Fraternally yours, Paul St. Miklossy, Treasurer June 1, 1976 ☆ ☆ BICENTENNIAL ... THE AMERICAN WAY EVER RISING On the high back of George Washington’s chair was carved a gilded half-sun. On that memorable afternoon after the signing of the Constitution, Benjamin Franklin rose slowly to his feet and, pointing to the half-sun on George Washington’s chair, said: “I have often and often in the course of this session, and the vicissitudes of my hopes and fears as to its issue, looked at that . . . without being able to tell whether it was rising or setting; but now at length I have the happiness to know that it is a rising and not a setting sun.” May the sun never set on America. CONTROLLER’S REPORT for the years of 1972, 1973, 1974, 1975 (Excerpts) Distinguished Delegates to the Convention: Complying with paragraph 46 of the by-laws, I am delivering this report on the activities of my office for the term of 1972-75. I. ACCOUNTING We kept separate set of books to record our transactions in the United States of America and Canada. Duplicates of the Canadian records were forwarded to the Canadian Chief Agent as requested by the insurance Department of Canada. Accounts are balanced monthly and closed at the end of every calendar year. We sent monthly trial balances to the Accountant. Starting with our December trial balance and based on his examination conducted in the Home Office, the Accountant prepared annual statements to the Insurance Departments of the States in which we are licensed to operate, as well as to the Canadian Insurance Departments. Valuation reports prepared by two actuaries were also submitted to the American and Canadian Insurance Commissioners. Auditors of the District of Columbia — our Home State — examined our books and records in the first half of 1974 and have found them in order. The Canadian Insurance Commissioner also notified the Federation that an examination will be held in the near future. I will present our books, trial balances, annual statements and the report of the D. C. examiners on their findings to the Auditing Committee. Final balance was published in the previous issue. II. COLLECTION OF DUES Economic conditions in the U.S.A. and Canada gradually deteriorated during the last term until we were bugged down in the worst recession since the second World War. Despite the staggering unemployment figures and severe hardships, our branch managers were able to come up with almost perfect collections, an achievement which deserves the highest praise and recognition of the Convention. Prepaid dues always exceeded dues in arrears, an eloquent proof of managerial efficiency: 1972 1973 1974 1975 Prepaid Dues $103,124.12 $102,150.11 $116,070.04 $104,846.99 Dues in Arrears 55,795.00 46,601.85 48,320.70 47,094.55 Dues represent our main source of income. It is therefore necessary that the delegates be aware of the prevailing trend in this very important area of operation. In the following comparative tabulation I give our combined dues income in the U.S.A. and Canada showing adjusted life dues income, consideration for supplementary contracts, health and accident dues separately: Mr. President, 14
