Verhovayak Lapja, 1937. január-június (20. évfolyam, 1-26. szám)

1937-04-24 / 17. szám

PAGE 6 APRIL 24, 1937 report, which dealt with the pay­ment of Sick Benefit dues accord­ing to age and double indemnity and which were also contained in our Supreme Secretary’s report. Therefore, first, 32. — The Board took under discussion the determining of the payment of Sick Benefit dues ac­cording to age and in the course of this discussion found, that, the actuarial standards based on the payment of a million dollars Sick Benefit would not produce the profitable results expected but would entail such a radical situation of the payments of Sick Benefit liabilities of our Associa­tion, the responsibility for which situation can be assumed only by a Convention. The computed plan shows, in reality, that be­tween the ages of 16 and 35 the present rate would be satisfac­tory but above that, the rates would increase so nulch that it would give space for thought even to those who place the correct­ness of the figuring above the ideal of fraternity. The Board decided therefore, that they will not put this plan into action but will leave the bringing of a deci­sion to the next Convention. 33. — The double indemnity plans were made by our actuary in consideration of regulations contained in our By-Laws and taking into consideration of the occupational situations of the ma­jority of our members, the aver­age dues for which, he determin­ed at 25 cents per $1,000 insur­ance, per month. Weighing every economical and moral effect of every detail of this plan, the Board decided the following. Those of our members, either in the Association already or those who will join the Associa­tion in the future, and hold or will hold Verhovay policy, can in­crease the value thereof if in the event of an accident death occurs within ninety days (90) of said accident. This conces­sion, which in American insur­ance parlance is known as “double indemnity”, can he secured upon the payment of twenty-five cents monthly, by those who have a $1,000 insurance. It can be obtained upon the payment of an additional pay­ment of fifteen cents per month, by those who hold $500. insur­ance. Upon the additional payment of ten cents per month, it can be obtained by those who have a $250. insurance. The double indemnity extends to age sixty-five, that is, with the attainment of this age, this insurance provision ceases. The Verhovay double indem­nity provision cannot be increas­ed over $1,000 by any Verhovay member and those having insur­ance less than $1,000 that is, $500. or $250., cannot go above the sum of their insurance. The double indemnity provision is to take effect July 1, 1937 in our Association, that is, the Home Office is directed to take the necessary action and steps pursuant to this matter, during this interval. 34. — The Board noted the settlement of John Pocsik’s case. 35. — Also noted the part of the Secretary’s report dealing with the number of members placed in homes for the aged, according to which, at this time, we have five of these members placed by the Verhovay in such homes. 36. — The Board felt constrain­ed to note also, the part of the report dealing with the trival number of scholarship students and at the same time felt pleased that those of our members who are educating their children, do not need to avail themselves of the Verhovay assistance. 37. — After this, again detail­ing our Secretary’s report, the Board acknowledged it also in its entirety. 38. — The fundamental details, contained in the reports of each of the other officers, touched up­on the situation of our Supreme Auditor also, and therefore, sift­ing out those items already taken care of, the following ones con­tained in the Supreme Auditor’s report, were discussed. 39. — Through this report it was brought to the attention of the Board that is is the opinion of our Actuary that considering the financial results of the year 1936 and the profits, therefore he suggests the paying of a 2% dividend. The Board noted this and agreed and at the same time or­dered that after the close of the September business in 1937, these dividends be computed and issued. Without any reservation the Board announces also, that simi­lar to the previous year, the Home Office establish the same conditions governing the is­suance of the dividends as be­fore. 40. — The Board further looked over the Supreme Auditor’s re­port in its details and after this, accepts it in detail and ratifies it, also. 41. — During the discussion, of the report submitted by the Dis­trict Organizers, the Board de­termined, that, the request con­tained in point “a” of this state­ment, has already been granted and that the names and addresses of our Districts Organizers are published each week in the of­ficial journal, together with a brief description of them. 42. — The suggestion under points “b” and “c” in this memo­randum, are already granted in the Districts where the Organiz­er’s commission prospects permit it. 43. — In reference to the point of the memorandum hinting at methods for keeping members, the Board decides to direct the Home Office to have appropriate and satisfactory notices printed on postal cards to be used for the purpose of cal’ing to the attention of members the fact of their be­ing in arrears with monthly dues. These cards are to be sent to each Branch Secretary, in proportion to the number of members at the Branch with instructions that they send these cards to the mem­bers who are in arrears with two months dues and with the proper notations on same. The Board also orders that each Branch Secretary prepare a statement at the end of each monthly meeting, showing the members in arrears, so that they can produce these statements when necessary, to any one en­trusted with this phase of the work, by the Board. 44. — Pursuant to the above resolution, the Board orders that when the Manager of the Junior Order sends a notice to a Branch Secretary to the effect that a Junior member has reached the age of 16 years, for the purpose of having the junior member transferred to the Senior Order, a copy of such notice must be sent to the District Organizer in­to whose District the Branch is alloted, to which the Junior mem­ber belongs. It had passed six o’clock, when the Supreme President adjourned the meeting. D. A. A. Minutes — continued taken on March 19, 1937. The same members of the Board are present. The Supreme President opens the meeting and after the previous day’s minutes were read, they were approved and signed. 45. — Since the Board was con­vinced that the weekly Verhova­­yak Lapja does not cost more than the monthly edition, they therefore, decide that the official journal should appear once a week in the future also. At the same time the Board directs that the journal should contain twelve tabloid pages with the ex­ception of the large, monthly edi­tion, which on account of the fi­nancial reports and statements, as well as the English section, is naturally, larger. 46. — The request of Mr. Ár­pád Tarnocy could not be granted by the Board. 47. — The appeal of Director Kalman Nemeth came up for dis­cussion in the case of the investi­gation requested by the Detroit Home Committee. The minutes of the case as well as all documents were thoroughly examined by the Board and they found that Director Kalman Ne­meth is blameless of the accusa­tions made against him, since if anyone at all can be called to ac­count in this case, then it is none other than that House Committee who issued Kalman Nemeth’s sal­ary and share of money week after week, which is corroborated by Mrs. Trimai’s testimony, that the committee was acquainted with the whole case even at the time the payments were made, since this matter was taken up at the meetings of the committee but for some reason was kept quiet. 48. — In connection with this case it was brought before the Board that the handling of the financial matters of the Verho­vay Home there, are not founded on sound business principle, therefore, the Board resolves to have the Board supervise the handling of the affairs of the Home. At the same time, directs the Supreme President to take steps as soon as possible with this end in view. 49. — Pursuant to the further suggestions contained in the memorandum of the District Or­ganizers, the Board decides that cards should be prepared for the counting of members, and the Or­=VerhovayQk</gpjQ= ganizers should see that these are duly filled out upon completion of the membership contest. 50. — The issuing of dividends for the Junior Order is decided by the Board, for this year also, and entrusts the details to the Home Office. 51. — In order to make our of­ficial and social life more at­tractive and colorful, the Board deems it necessary to inaugurate various degrees of distinguishing awards, therefore, directs the Supreme President to work out a preliminary as well as the detail­ed plan for this and upon com­pletion, bring it to the attention of the Boabd. 52. — That motion of the Dis­trict Organizers, whereby they ask that the Board should estab­lish 20 Payment Life policies for juniors members, is not held feasible by the Board because in proportion even today our Asso­ciation is issuing more varieties of policies than any other society the size of ours. 53. — Similar to the children’s membership badges, the Board orders the purchase of cheaper Verhovay emblems with the un­derstanding that each of our members should he enabled to purchase these for ten cents a piece. In the case of new mem­bers, this ten cents should be in­cluded with his first month’s dues and the emblem should be sent out to him with his policy. 54. — That motion suggesting that the Board should have elabo­rate and colored placards pre­pared, advertising our Associa­tion, for the purpose of attaching them to doors and windows in the establishments of our business and professional members, can­not be granted by the Board be­cause such a method of self-ex­pression would not embrace those artistic ideals in which the pres­tige of our Association would be portrayed. 55. — Finally the Board an­nounces that if the necessity for another organizers’ meeting be­comes apparent, then it will be the duty of the Supreme Presi­dent to announce such necessity to the Board. Considering the advanced stage of the time, the Supreme Presi­dent adjourns the meeting at 6:15 P.M. D. A. A. Minutes — Continued taken on March 20, 1937. The same members are present. The previous day’s minutes after be­ing read, were apporved and ac­cepted. 56. — As a committee for Branch 34, Nicholas Kadar Branch President and George Mé­száros, members, appeared be­fore our Board to convey ver­bally the written request of the Branch previously handed in and they requested the granting of the appeal of Branch 34 where­by the Board should order the paying of $135. by the Supreme Treasury for the house plans which they had drawn up. The Board took into considera­tion that in a former similar case the Board ordered the paying for the plans since they are Verho­­jvay members and the Board can- I not apply different standards be­tween one Branch and another, therefore, the Board ordered the granting of the appeal. 57. — In the death benefit claim of Aron Gergely, deceased member of our Coraopolis branch, the Board reviewed the facts and decided that the death bene­fit may be paid only if the bene­ficiary can produce sufficient as­surance to our counsel, of the legality of her claim. The Board, however, stipulates that in this benefit claim some form should be found whereby our as­sociation should protected from the possibility of payment of any future claim arising out of this case. 58. — A decision similar to the above was made in the death benefit case of Stephen Julits of Branch 184, deceased, therefore, the Board announces that the conditions laid down above, are binding in this case on our coun­sel as well as on the Home Office. 59. — Director Albert B. Ari, Manager of the Verhovay Boy Scout affairs, made his report in writing as well as verbally.When the Board expresses its apprecia­tion for the work performed con­scientiously and with great cir­cumspection, they at the same time determined that it was pos­sible for Albert B. Ari to obtain best results only where he could organize and lead the groups per­sonally. His correspondence and notices were left without replies in most cases and therefore he was unable to start this desirable movement on a national scale. The Board announces there­fore, that each member of the Board is duty bound to take his share of this work, so important to the Verhovay Association, up­on himself. This share would consist of searching for a proper individual in the Director’s dis­trict to take upon himself the leadership of a Boy Scout group. Naturally, of any and all results attained, Albert B. Ari, National Boy Scout Organizer, must be ad­vised through the Home Office. He will do everything to start the scout movement anywhere where an opportunity for such movement is apparent, in con­formity with Scout laws and the rules laid down by the Board. 60. —- An important element of our investments was encountered when Michael J. Varga, Supreme Treasurer, presented the offer made by the Metropolitan Casual­ty Insurance Company regarding the exchange of some of our real estate bonds. These bonds, the payment of interest which is guaranteed by the Metropolitan Casualty Insur­ance Company for ten and twenty years hut the principal of which is not guaranteed and having a principal value of $188,450.00 known by the following names and listed on our bond lists as: $116,000 — Collateral Trust Bonds of Empire Pro­perties Corporation. $72,450 — Debentures of In­terstate Debenture Corporation, are will­ing to exchange for $88,500 — City of Ashville, Ge­nera' Refunding 1 - 4%.

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