William Penn Life, 1968 (3. évfolyam, 1-12. szám)
1968-06-01 / 6-7. szám
The 25th Annual Bowling Tournament and Fellowship Days Enjoyed by All Participants INFLATION We wouldn’t be human if we were unconcerned about inflation — just like the Jones family. Inflation — galloping inflation — is with us and has been with us for some time. Prices keep edging up for everything we buy. A house that cost $10,000 just a few years ago is selling for at least $15,000. To replace the car we need so badly and which we bought for $1,800 three years ago, requires that we sign notes totalling $2,600. To clothe our family was never easy. But, today, it costs just about twice as much as it used to. Even simple things like haircuts have doubled! Government studies show that our cost of living index keeps edging up steadily about 3% a year. That doesn’t sound like much, but when you add all those 3% increases together, you find that they total quite a bit! Unfortunately, some of us only consider the problem of inflation as it affects us, today. We fully recognize the havoc increased prices are working on us. But, as the accompanying illustration brings out, we should also ask ourselves: “What if I am not here to provide my family with the money needed each week to buy the groceries, clothe the kids, and keep a roof over my family’s head? How will my family survive? How will it meet the increasing prices of even the most basic necessities of life?” Our illustration brings this problem into focus by concentrating on the most fundamental of all needs: food on the table—loaves of bread, quarts of milk, hamburger meat. How many shopping carts could your widow fill with these items even assuming a modest cost of $40 a week for each cart-load? The answer depends. It depends on what you leave behind if you don’t make it home one night because of someone else’s careless driving; or you fall down the stairs; or (Continued from page 1) these functions as mandated by the last Convention. Highlight of the long week-end fes-Mike Tomcsak, President of Branch 28 welcomes guests and introduces Master of Ceremonies, Vice President, Julius Lenart. tivities was the Dinner-Dance held in the main ballroom of the Ohio Hotel 1000 and one other things happen, all of which add up to the same result: You’re out of the picture! And, what you leave behind then will depend, in turn, on what you invest in today. Assume you set aside $750 a year as indicated in the accompanying illustration. The form of investment into which you put your savings will cause the number of $40-a-weekfood carts your family buys to vary all the way from 20 carts to 1,042. Quite a difference! And it will make quite a difference to your family if they should be involved! How is this difference brought about? Very simply. You may invest your money in stocks, bonds, or mutual funds because of their tendency to go with the economy. But remember, there is also a chance that they may take a nosedive and may be worth less than you paid! Your family then would be able to buy fewer loaded foodcarts ! However, if you invest your money in life insurance, you automatically take advantage of the ‘inflation” built into it. Each premium you send in provides your family with the FULL VALUE of your life insurance policy — even if you only live one day after your policy starts! It’s for this reason that in the example shown for Bill Jones, the 1,042 carts are Guaranteed for his family, even if he dies immediately. And, 1,042 carts will feed his family for 20 YEARS! How about your family? Are you keeping it up with the JONESES? Fraternally yours, Elmer Charles President where 600 guests enjoyed a delicious dinner and a fine program of entertainment. The arduous task of Toastmaster was ably handled by our Vice-President, Julius J. Lenart. Mr. Michael Tomcsak, President of Branch 28, extended words of welcome and Rev. Dezső Török, Pastor St. Stephen of Hungary Church gave the invocation, leading the gather-V. President Julius Lenart, Master of Ceremonies. ing in the National Anthem was Frank J. Molnár accompanied by B. Gagyi. After the Dinner the Hon. Anthony B. Flask, Mayor of the host City presented a Key of the City to National President Charles and Councilman John Knapp presented a framed copy of the Resolution Youngstown Council adopted honoring the William Penn Fraternal Association on its 25th Anniversary Bowling Tournament. Rev. Dezső Török gives the Invocation. Mr. Elmer Charles, National President, delivered the main address of the evening. In his message he stressed the importance of fraternalism and pointed out how the William Penn Fraternal Association is fulfilling its destiny in the fraternal field. The following members of the official family were introduced: Mr. and Mrs. Elmer Charles, Mr. and Mrs. Julius J. Lenart, Mr. and Mrs. John P. Balia, Mr. and Mrs. Frank Bero, Mr. and Mrs. Stephen Danko, Mr. Aloysius Falussy, Mr. and Mrs. Michael Hegedűs Jr., Mr. and Mrs. Stephen J. Ivancso, Rev. Andrew P. Jacobs, Mr. and Mrs. 3
