Verhovayak Lapja, 1953 (36. évfolyam, 1-12. szám)
1953 / Verhovay Journal
October 21, 1953 Verhovay Journal PAGE 5 Verhovay Fraternal Insurance Association CERTIFICATE OF AUDIT We have audited the books and accounts of the Verhovay Fraternal Insurance Association for the six months beginning’ January 1, 1953, and ending June 30, 1953, and We Certify to the correctness of the financial schedules for the above-mentioned period as shown in the Semi-Annual Statement published in the August 19, 1953, issue of the Verhovay Journal. An examination was made of all income accounts consisting of Receipts from Verhovay Branches, Senior and Junior Orders; 'all Interest on Bonds, Mortgage Loans, Real Estate Loans, Membership Certificate Loans, Bank Deposits, Trust Deposits, Home Office Building, Stock Dividends, Handling Charges, Profits on Bonds Sold, and other minor1 miscellaneous income. These income items were verified as having been received, and traced back into the various ledgers and journals. The Bank Statements were all reconciled for the period under examination and the Petty Cash Fund verified. All of the securities of our Association were examined in the vaults of the Mellon National Bank and Trust Company, and verified as officially recorded. This examination disclosed that, as of June 30, 1953, there was a total book value of $12,429,863.44, distributed as follows: United States Government Bonds $1,771.981.86 Industrial Bonds 668,041.54 Municipal Bonds 3,030,301.96 Railroad Bonds 904,141.06 Railroad Equipment Trust Certificates 142,942.82 Public Utilities Bonds 5,912,454.20 Our examination further verified the fact that all bond, coupons were promptly presented for collection when due, and that all monies thus obtained along with those funds received from the sale of securities were promply credited to the Association’s account. A very careful, detailed analysis of all monies disbursed by' our Association was made for the six months period under ■examination. It covered such items as Death Benefits, Sickness, and Accident, and Permanent Disability Claims, Cash Surrenders, Medical examination fees, all salaries, commissions and collection fees, Home Office Building, Official publication, advertising, traveling expenses, Dividends paid on policies issued since January 1, 1949, and all other payments made and listed under the disbursement heading, and included in the totals of the six months period. All vouchers and supporting papers for these payments were carefully scrutinized and all payments were found to have been made according to the provisions of the By-Laws of our Association. This examination of the Home Office was conducted at the same time that the Board of Directors met in Pittsburgh, and the Auditing Committee is pleased to report that a friendly spirit of cooperation existed between the two duly elected bodies. The accounts of the 10th Annual Verhovay National Bowling1 Tournament, held in Toledo, Ohio, May 30 and 31st, 1953, were audited and found in balance. Those Verhovay members who were favored by receiving Scholarship Loans in the past years can greatly assist those desiring similar loans by making prompt repayment of their' obligations. It’s sporting to give some other deserving person a chance. The Auditing Committee must report that during its official visitation of the National Bowling Tournament, it noted a very (sincere desire on the part of both bowlers and visitors, that the Bowling Tournament be made a regular yearly event on the Verhovay Sports calendar. Branch Managers are requested to mail requests for sick benefit payments to the Home Office at least once each month, rather than at later intervals. . The Statement of Assets as of the first Auditing period of 1953, i. e., January 1, 1953 to and including June 30, 1953, is as follows: Six Month Period Ending Assets June 30, 1953 $13,866,962.11 Dec. 31, 1952 13,366,070.27 Net. Increase $ 500,891.84 Our examination commenced September 14, 1953, and was completed September 26, 1953. AUDITING COMMITTEE CASPAR PAPP — ANDREW BANDY — WILLIAM C. KOHUT The marriage of Rose Pisalski to Frank Hodzsi was witnessed August 29, 1953 in St. John’s Roman Catholic Church, Portage, Pa. The reception was held at the Polish hall with eighty or more guests (attending. Mr. Hodzsi, whose parents joined Verhovay years ago, is, as are all his other relatives, a member of Verhovay, being affiliated with Branch 286, Portage, Pa. He graduated from high school in Portage, served in the Army for four years, and upon discharge from the service enrolled for university, courses in Pittsburgh, receiving his degree there. The bridegroom is now employed at Jones & Laughlin Steel Corporation. Best wishes to the newlyweds. Toledo Verhovayans Keep In Bowling Trim ported our national bowling tournament held in Toledo this past spring. At its recent meeting Branch 127 endorsed a movement to form three more teams, these to be made up .of the wives of the members of the three male teams With further direction that non-member wives be enrolled in the Association. e Jon In addition to local publicity, Jhe meeting ordered that play results gb^j sent to the Home Office for publication in the English and Hungarian issues of our official organ. Herewith are the first scores: League S. C. MAJOR Date 9-9 Team No. 11 Alley No’s. 11-12 , NAME 1st GAME 2nd iGAME 3rd GAME TOTAL' Dan Block 190 126 181 497 Duke Mattoni 157 191 150 o:OQ Chuck Hoehn 142 165 171 4,78 Bill Kubicz 158 221 195 Willie Kubacki 203 193 183 579 TOTAL 850 896 880 2626 League VERHOVAYFRAT. INS. ASS’N. Team No. 12 Rip Tinta 178 150 177 505i Julius Feyes 165 172 210 547 Steve Ivancso 229 202 177 608 Jula Vargo 187 176 174 537 Dick Sendi 174 183 179 536 TOTAL 933 883 917 2733 Branch 27 of Toledo, Ohio is actively backing its bowlers in anticipation of major winnings at the next national Verhovay bowling tournament. The Toledo Branch has three male teams who regularly play once a week on reserved alleys at the Toledo Sport Center Proudly advertising our Association, above the reserved alleys hangs a sign prominently lettered VERHOVAY INSURANCE, and the results of the games are published in the TOLEDO BLADE, the city’s great newspaper which widely re-CORRECTION Branch 278 In the article, SILVER WEDDING IN OMAHA, issue of September 16, 1953, credit for the buffet dinner was made in unintentional erro<. The buffet dinner was directed by Mrs. George Barna, Sr., sister of Mrs. Kuti and she was assisted by Mrs. George Barna, Jr.
