Verhovayak Lapja, 1949 (32. évfolyam, 1-12. szám)
1949 / Verhovay Journal
November 16, 1949 Verhovay Journal PAGE 5 THE BOARD OF DIRECTORS OF THE VERHOVAY F. I. ASSOCIATION announce with profound sorrow the death of JOHN MEGULESZ, ILLUSTRIOUS MEMBER OF THE ASSOCIATION, former officer of Branch 13, Trenton, N. J., on Wednesday, November 2nd, at the age of 74. The Board of Directors, paying final tribute to the memory of our Illustrious Fellow-Member, convey on behalf of the membership of the Verhovay F. I. Association their deepest sympathy to the bereaved family. Advance Payment Discount Not Same In Every Case — Inquirers reminded that discounts allowed on certificates issued at lower rates are less than those applying to new certificates issued at higher rates. — Under “DISCOUNT ALLOWED ON DUES ONLY IF PAID IN ADVANCE” an announcement was published in the September 21st issue of the Journal, in which the savings realized by the advance payment of dues had been illustrated with several examples. The announcement gave cause to some misunderstanding due to many of our readers having failed to realize that, unless otherwise indicated, the currently effective rate-book is quoted at all times when rates and values are used for illustrations. Informative articles on the advantages of advance payments and similar matters have been published from time to time in the Journal, hence it is assumed that those who have been Verhovay members when such matters were previously treated, already have become acquainted with their privileges as well as the rules governing them. Such subjects are treated again for the benefit of those who have recently joined the Association and, as a result, had no opportunity to acquaint themselves with these matters. Thus the last article on the Discounts Allowed On Dues Paid In Advance was primarily written for our new members with a view of informing them of the savings involved in the payment of dues in advance. Due to the persistent decline of investment earnings, the rates of life insurance have repeatedly changed all over the insurance industry during the last 15-20 years. As had been pointed out in the OFFICIAL COMMENT feature on page 4 of the October issue of the Journal, the Verhovay could not be an exception and, as a result, the first change, involving a slight increase in the rates, went into effect in 1936, the second in 1945 and the third on the first of this year. The rates as well as the reserves of the membership certificates issued prior to 1936 naturally were lower than are those of the certificates written since the beginning of this year. The same is true in regards to discounts allowable on dues paid in advance. A $3.00 rate on a certificate issued in 1935, for instance, represents a combination of the mortality, reserve and expense elements which is different from that of the same rate at present. As a result, the discount allowed on advance payment is lower in regards to policies of older vintage than on those issued during the current year. The statement that the advance payment for 12 months of a monthly premium of $3.00 results in a saving of $2.02 applies only to certificates issued at the new rates that went into effect on January 1st, 1949. The amount saved is less on certificates issued between 1945 and 1948, and less again on policies written between 1936 and 1945. Another factor which many of our readers have failed to take into consideration is the dues paid for additional protection, like accidental death, sick benefits, etc. No discount is allowed on the advance payment of dues on Additional Accidental Death Benefit and Sick Benefit certificates. The monthly dues of a member of all three classes represent the total payable monthly for life insurance, accidental death benefit protection and sick benefit protection. If such dues are paid for 3, 6 or 12 months in advance, the discount allowed can be applied only to the part of the dues that applies to the life insurance certificate, but not to the other two parts applying to accidental death and sick benefit protection, nor to the 5 cents SERVICE AWARD PRESENTATION AT BRANCH 45 WELL ATTENDED — Joseph Drotos and John Mikula Receive Degree Of Illustrious Member in Cleveland-A splendid demonstration of popular esteem was accorded to Joseph Drotos, President of Branch 45, and John Mikula, Comptroller, on Sunday, October 23rd, by an unusually large and enthusiastic gathering at the Slovene Hall on the West Side, the site of the testimonial dinner given by the grateful branch for their two illustrious officers. Acting for the dinner committee, ! Mrs. Eugene Pachtler opened the Í ceremonies extending a cordial welcome to the assembled guests. Louis A. Bodnar, the well known West Side funeral director and chairman of the Br. 45 Entertainment Commiteee, acted as master of ceremonies. Miss Julia Semetka sang the Star Spangled Banner and Barna Szarvas the Hungarian National Anthem, accompanied on the piano by Frank Juhasz. Grace was offered by Mr. Bodnar and, then, the ladies of Branch 45 treated the guests to an excellent Hungarian style dinner during which the accordion solos of Nelson Fejes provided a pleasant diversion. Following the dinner, Thames F. McCafferty, City Councilman of Ward 8, a Verhovay member of longstanding paid tribute to Joseph Drotos and John Mikula for their great contributions, during many years of service, to the advancement of the Verhovay. The Rev. Gabriel Brachna, S.T.M., pastor of the West Side Hungai-ian Lutheran Church gave an inspiring address on the rewards of faithful service to our fellow-men. The presentation of the Verhovay service awards was made by National President John Bencze who said he attributed the growth of the Association to the fact that throughout its history there always have been branch-officers who, driven by a truly fanatical devotion to their organization, spent all their free time in its service. It was due to the untiring efforts of men of Joseph Drotos’ and John Mikula’s caliber that the Verhovay survived hundreds of American Hungarian fraternal societies, and, keeping ahead of many others, developed into ehe largest and strongest of all fraternal organizations of Hungarian origin. Cjf course, Mr. Bencze said, there have been periods of bitter strife, but even at such times progress was not retarded because the devoted branch-officers were able to counteract the detrimental effects of dissension. Amidst great applause Mr. Bencze presented Mr. Drotos and Mr. Mikula with the diploma of the Degree of Illustrious Members and the gold service medals assuring them of the appreciation of their meritorious services on be Ha If of the Board of Directors and the sixty thousand members of the Verhovay. Each of the two officers honored also received a gift from Branch 45, presented by master of ceremonies Louis A. Bodnar. Mrs. Fejes, a daughter of Mr. Mikula, followed with a gift for her father from his children. • Congratulatory sentiments were expressed by Vice-President Andrew Ceremonies. — Kovács, M.D., Joseph Gallagher, di, rector Coloman Kolozsvary. Joseph Szalay, President of Branch 14, who was honored with the Degree of Illustrious ’Member on September 25th, John Korosfov, who represented the Szabadság daily, director Joseph Turner of Youngstown, O., director Louis Vizi from Scalp Level, Pa., and John Nagy, former treasurer of Branch 45. Vice-President Julius Macker of Detroit, Mich., sent a congratulatory letter to the honored officers. Introduced were Guslave Bessenyei, Police Prosecutor, Joseph M. Toth, 'District Manager, and Sigmund Kadar, Vice-President of Br. 14, Andrew Szalontay, John Marton, Rudolph Breznay, Albert Sehoen and Frank Szappanos. Both Joseph Drotos and John Mikula expressed their appreciation of the honors bestowed upon them by the Board of Directors and their thanks for the gifts ’’of Branch 45. They solemnly pledged their continued efforts to the advancement of the Association. * Mrs. Drotos, who appeared on crutches at the banquet, having broken her leg in an accident a few weeks ago, warmly congratulated her husband. Mrs. Mikula followed suit by addressing her husband with affectionate sentiments. Delegates of the Hungarian churches, societies and numerous civic organizations were introduced by Louis Balogh, former Manager and an officer of long standing of Brandi 45. Between speeches, Miss Julia Szemaka and Mr. Barna Szarvas entertained the audience with excellent renditions of vocal selections. Talented Jean Huba made a big hit with her dance performance. The Banquet Committee, consisting of Mrs. Pachtler, Messrs. Balogh, Bodnar, Szenes, Torok and Keller, are to be commended for the excellent arrangements. The ladies who prepared the dinner, Mrs. Vincze, Mrs. Csorba, Mrs. Szabó and Mrs. Balogh have made an important contribution to the success of the affair. So did the girls who served at the tables. It was impossible to record their names but is was a pleasure to note among them the daughters of Mr. Drotos and Mr. Mikula. Special thanks are due to the ladies’ group who contributed the floral decorations, and especially to Mrs. Andrew Kovács, who donated her exquisite dahlias. Mention must be made also of Mrs. Anton Konczol, Mrs. Stephen Sarafi, Mrs. Joseph Bako, and Mrs. Helen Huba, who helped \ in the kitchen; Mr. Eugene Pachtler who welcomed the guests and served at the bar; Messrs. Joseph Bakó, László Csorba and Joseph Berey who sold the tickets. Of course, the warmest thanks should go to the two men honored for their great contributions to the advancement of the Association, by which they had earned the Degree of Illustrious member. May they continue their fine efforts for many years, in the best of health, for the benefit of all Verhovayans! paid on each certificate toward branch expenses. The latter three items are always payable on a straight monthly basis regardless of whether or not a payment is made in advance on the life insurance certificate itself. We trust that with this information our readers will be able to understand why members paying the identical amounts in monthly dues are not entitled in every case to the same discount if dues are paid in advance.
