Verhovayak Lapja, 1950 (33. évfolyam, 1-12. szám)
1950 / Verhovay Journal
PAGE 4 Verhovay Journal Journal of the Verhovay Fraternal Insurance Ass’n. OFFICE OF PUBLICATION '7907 West Jefferson Ave. Detroit 17, Mich. PUBLISHED MONTHLY BY THE Verhovay Fraternal Insurance Association.................................................- -- - — - --- .......................- ■ ■ --------------------------Managing Editor: JOHN BENCZE Editor: JOHN SABO Editor’s Office: 436—442 FOURTH AVENUE PITTSBURGH 19, PA. Telephone: COurt 1-3454 or 1-3455 All articles and changes of address should be sent to the VERHOVAY FRATERNAL INSURANCE ASSOCIATION 436—442 FOURTH AVENUE PITTSBURGH 19, PA. SUBSCRIPTION RATES: United States and Canada ......................................... $1.00 a year Foreign Countries .........................•............................... $1.50 a year Entered as Second Class Matter at the Post Office at Detroit, Michigan under the Act of March 3, 1879. OFFICIAL COMMENT MARCH 15 DEADLINE FOR TOURNAMENT ALBUM ADS! —_ Members urged to join sponsors and patrons of Frank Brogley and Albert B. Ari Memorial Tournament. — The National Executive Tournament Committee herewith makes its last appeal for advertisements, sponsors' messages and patrons’ donations for the Program book of the 7th Annual Verhovay National Bowling Tournament. The advertising rates in the Tournament Album, size of page 8! axil”, are as follows: Full page advertisement ..................................... $75.00 Half page advertisement .........w.............................. $40.00 Quarter page advertisement ........................... $25.00 One-Eighth page advertisement ................................ $15.00 One-Sixteenth page advertisement ........................ $10.00 Sponsor’s listing (including 3 lines of printed text furnished by sponsor) ............................... $ 5.00 Patron's listing (1 line text for address) ........... $ 2.00 Orders from outside the Youngstown area must be mailed not later than March 15, 1950 to Mr. John Sabo, National Auditor. Verhovay Building, 436 Fourth Avenue. Pittsburgh 19, Pa. Advertisers, patrons and sponsors are requested to give their orders to the local Verhovay Branch-Manager for forwarding to Verhovay Journal ______________________________F*"7 15’ 1950 . INDIRECT DIVIDENDS AND WHAT THEY MEAN TO YOU % ' We wonder how many of the readers of today’s column know what the future has in store for them? For some life will be a bed of roses, for others it may be a life of despair. Peihaps some will be wealthy and healthy, while others will be poverty-stricken, some will be raveged with disease and sickness, while others may be crippled or blind. At retirement age, some will be well situated financially, while others will not be so fortunate. Just who will share what fate no one knows. You may be the fortunate one, or you may be the unlucky one. Yes, if only we could open the book of tomorrow, today, and forsee our future! VERHOVAY PROVIDES FOR THE UNFORESEEN You may be asking yourself by this time just what the above has to do with the subject of today’s Official Comment? You will recall that in the last issue of this publication we informed you that we would bring to your attention the little publicized indirect dividends which our Association has distributed in the form of fráternál plus benefits. These “indirect dividends,’ as we like to refer to them, have helped many of the less fortunate, those who years -ago were wondering, like we are today, what the future had in store for them. They did not know that someday they would need a helping hand. Such a possibility may never even have occurred to them. Probably they thought, as we do today, that everything good which life had to offer would be theirs. When, however, the happiness turned into sadness, when health was replaced by sickness, when youth faded into old age, when the good fortunes of yesterday turned out to be just memories of today, they realized what others had realized before them, and what some day we will realize and after us others will realize, that no one knows how he will share in the future. Since ft is a fact that some of us will fall into the class of unfortunates, we may wonder how some day we might need a helping hand. Well, it’s easy to find out. Unlike the book of tomorrow, the book of yesterday can be opened easily and from jits pages we may learn what had happened in the past. Let’s open the book and see for ourselves. mentioned above, still found it difficult to make ends meet. They had only a meager income which was hardly enough to meet the costs of the bare necessities of life, like food, clothing and shelter. But the other expenses, like the monthly dues on their one and only life insurance certificate, could not be paid from their limited income. In order that they should not lose this life insurance protection, the Association paid for them part of their monthly dues. The total amount expended to date for safeguarding the insurance protection for such aged members exceeds $3,200.00. To others, during the depression of the late twenties and early thirties, the Association granted thousands of dollars in interest-free loans, thus helping members to pay their monthly dues in order that their insurance protection may be kept in force. To some the Association gave paid-up policies at the age of 85. This latest “indirect dividend,” started only recently, has already cost the Association close to another thousand dollars. FOR THE VICTIMS OF WORLD WAR II Turning to another page, we find tha/. the Association again extended a helping hand, this time to the parents, and other loved ones, of the servicemen-members of our Association who sacrificed their lives in World War II. Many thousands of dollars, more “indirect dividends,” were expended for the painting of lifelike portraits of these fallen heroes. These portraits were presented to the next of kin at solemn memorial services. No other organization, to our knowledge, matched this deed. And like our national government, we did not forget our disabled veterans either. There was many a veteran who had lost a leg, or both legs, or an arm, or his eye sight. Each disabled Verhovay veteran of whose disability the Association had been notified, received $50.00. Other thousands of dollars were turned over to the beneficiaries of our servicemen-members holding war-clause exclusion membership certificates, who had been killed in battle. The Associaton was under no obligation to pay these death claims, yet it did so, in each and every case. These, too. were “indirect dividends.” MEMBERS’ KINSFOLK HELPED BY WAR RELIEF Under the section: Verhovay Fraternal Insurance Association — Good Deeds, we find the following. A HOME FOR THE HOMELESS Many of our members reached old age without any security whatsoever. They_found they had no one to keep them, to clothe them, to feed them. The infirmities of old age were all they had to their name. Who gave them a helping hand? Verhovay! How? The Association took unto it these old people, placed them in old peoples’ homes, maintained them as long as they lived. The Association saw to it that these old folks had good food, a nice bed, warm clothes, companionship and friendship. For this type of “indirect dividend” alone, the Association expended over $47,000.00 to date. SAFEGUARDING PROTECTION FOR THE AGED On another page we learn that there were many of out members who, while in somewhat better circumstances than those Here’s another good deed. On this page we find that the Association donated over $30,000.00 for relief purposes after World War II. Just think how many unfortunate people, babies, young children, young mothers and old folks, were helped and how grateful they must have been! Those helped by this type of “indirect dividend” may have included your mother, your father, your grandparents, yes, any member of your family or your relatives. OTHER FORMS OF INDIRECT DIVIDENDS Indirect dividends have not necessarily been distributed only in the form of help to those in need. The Association’s fraternal plus benefits have been extended to our members in other forms, as well. Take, for instance, the many thousands of dollars that have been distributed as indirect dividends to the young and middle aged members to give them a satisfactory sports program. (Continued on page 5)
