William Penn, 1962 (45. évfolyam, 5-23. szám)

1962-04-18 / 8. szám

April 18, 1962

PAGE 3

William Penn

THOSE vrnnre a pitc

Home Office Loses Tenant Friend

BRANCH BRIEFS

TO OUR CONTRIBUTORS:

The English WILLIAM PENN is published the THIRD WEDNESDAY of EVERY MONTH.

It will be published next on May 16.

Notices and other short items will be acceptable up to the deadline, May 9.

Long contributions, such as articles, should reach the editor no later than May 2.

If possible, material for publication should be typewritten and on ONE SIDE of paper only, DOUBLE SPACED, allowing SUFFICIENT MARGIN.

Address all contributions to: EDITOR

WILLIAM PENN WILLIAM PENN FRATERNAL ASSOCIATION 436 FOURTH AVENUE PITTSBURGH 19, PA.

* qs *

BRANCH 8 Johnstown, Pa.

NOTICE, ETC.

Branch 8 meetings are held the second Sunday of every month, 2 p. m., ,at St. Emerich’s Church Hall, 6th Ave. and Chestnut St., Cambria City. The welfare of the branch depends on good attendance at the meetings by both young and elderly.

The Junior Bowlers of Branch 8 ended their winter bowling season on April 14 and will begin an interleague elimination tournament Saturday, April 28. Members are urged to give these sports-minded youngsters every encouragement.

, President Frank Dudash, Sr. requests that every Branch 8 member

NOTICE TO THOSE SUBMITTING PHOTOGRAPHS

Of late we have been receiving photographs in color for publication in our official organ.

Colored photographs do not reproduce well and therefore can not be accepted for the WILLIAM PENN.

We request our members to cooperate by sending glossy black and white prints to assure good results.

Also, only those photographs are published free which are related to branch activities or events, and 50th (or above) wedding anniversaries.

All other acceptable photographs are published at these rates:

1- column size — $ 6.00

2- column size — 8.00

3- column size — 10.00

4- column size — 12.00

Make checks or money orders payable to: WILLIAM PENN FRATERNAL ASSOCIATION.

reserve June ^24 for the annual branch picnic, this being an important event in the branch social calendar.

BRANCH 14 Cleveland, Ohio NOTICE

The resignation of District Manager Tibor Marton was accepted as of 31 March 1962.

BRANCH 19

New Brunswick, N. J.

APPOINTMENT

Of Adalbert Fekete as District- Branch Manager at Branch 19.

The William Penn Home Office, which last year suffered the loss by death of its president and two employees, was dealt a new blow on the m, orning of March 16 when Joseph W. Hubbard, president of the Keystone Adjustment Corporation with offices on the third floor VJX ' ÚÜ r building, col* lapsed and died within a few lnimnes without regaining consciousness after entering the lobby and complaining of sudden dizziness to William Penn employee Mrs. Martha Karpathy, who had noticed Mr. Hubbard coming into the building and was courteously holding the elevator for him. Shock-All business mail for Mr. Fekete should be addressed to the New Brunswick District Office, 172 Hamilton St., New Brunswick, N. J.

BRANCH 24 Chicago, 111.

COUPLE HONORED

The branch at its recent meetingpaid tribute to its veteran members, Mr. and Mrs. Joseph Favkuce, who celebrated their golden wedding January 12.

Fraternally,

MRS. STEPHEN ROCK Recording Secretary

BRANCH 34 Pittsburgh, Pa.

COMING SOCIAL At its March meeting Branch 34 decided on a picnic sometime in the summer of this year. Details will be published in a future issue.

ed personnel of both the Keystone and the William Penn desperatelywitnessed the last moments, as did Donald E. Hubbard, brother with whom the stricken insurance executive was planning to leave on a business trip that day.

The deceased was very well-known in the Pittsburgh area and was affiliated with many civic, fraternal, social and business organizations as member, officer and leader. His death was noted in the Pittsburgh newspapers and other publications, on radio and television, and various prominent - a;:?r«^étl-4heir tributes for

the university graduateiTl--engineeriftg who became an insurance malt and was founder and president of the Keystone Adjustment Corporation, which specializes in fire and casualty claims and this year is celebrating its fiftieth anniversary, having moved into the Verhovay Building in the late 40’s.

Mr. Hubbard lived in Bethel Park but for many years lived in Mt. Lebanon. He was a member of the Presbyterian Church in both places. Funeral services were held in the E. B. Laughlin Funeral Home and burial was in Jefferson Memorial Park. President Julius Macker, Treasurer Julius E. Somogyi and Investment Manager Richard J. Phillips officially represented the William Penn Fraternal Association at the obsequies.

Surviving are 'his wife, Olive T. Hubbard; one daughter, Mrs. David Evans of Philadelphia; two brothers, Robert B. of Altoona, in charge of the corporation’s branch office there, Donald E. of Mt. Lebanon, associated with the Keystone home office and now its new president; Mrs. Evelyn Ream of Mt. Lebanon, also in the main office; and three grandchildren.

Joseph W. HUBBARD

Ledger Assets —JANUARY, 1962

Bonds ..................................................................................................$ 23,288,885.52

Stocks ................................................................................................... 1,726,437.90

Mortgages ................................................................ 1,284,404.79

Home Off. Bldg. & Other Association Owned Real Estate ........... 1,176,969.24

Branch Real Estate Loans ..................................... 45,285.76

Policy Loans and Liens ......................................................... 1,142,396.65

Cash and Bank Deposits ..................................................................... 306,637.73

Other Assets ......................................................................................... 56.672.02

Total Ledger Assets .................................................................$ 29,027,689.61

Less: Liabilities ................................................................................... —8.429.56

Net Ledger Assets — January 31, 1962 ..............................$ 29,019,260.05

Julius E. Somogyi, Treasurer

John Sabo, Controller

BRANCH 133 Phillipsburg, N. J.

NOTICE

Frank J. Ehasz, manager of this branch, has resigned.

Until further notice the business activities of Branch 133 will be con ducted at the Bethlehem District Office, 410 Adams St., Bethlehem, P.a

BRANCH 561 Tiltonsville, Ohio NOTICE

The new address of branch manager Vincent Csehi is 98 Williams St., Tiltonsville, Ohio.

FINANCIAL STATEMENT — JANUARY, 1962

Life

Department

Disability

Department

Pension

Department

Total

Ledger Assets — December 31, 1961

$27,064,419.98

$1,359,262.19

$335,460.33

$28,759,142.50

Income

Monthly Does

$ 391,459.69

$ 196.35

$ —0—

$ 391,656.04

Miscellaneous

1,949.46

—0—

—0—

1,949.46

Investment Income

150,340.85

—0—

599.06

150.939.91

Pension Plan Income

—0—

—0—

1,162.50

1,162.50

Total Income

$ 543,750.00

$ 196.35

$ 1,761.56

$ 545,707.91

Disbursements

Claims

$ 160,912.79

$ 13,395.27

$ -0-$ 174,308.06

Dividends

6,816.75

—0—

—0—

6,816.75

Miscellaneous

2.087.63

—0—

—0—

2,087.63

Commissions

26,004.52

522.15

—0—

26,526.67

General Operating Expenses

70,778.00

—0—

—0—

70,778.00

Taxes, Licenses and Fees

2,728.22

—0—

—0—

2,728.22

Capital Losses

96.46

—0—

—0—

96.46

Pension Plan Payments

—0—

—0—

2,248.57

2,248.57

Total Disbursements

$ 269,424.37

$ 13,917.42

$ 2,248.57

$ 285,590.36

Total Net Ledger Assets — January 31, 1962 JULIUS E. SOMOGYI, Treasurer

$27,338,745.61

$1,345,541.12

$334,973.32 JOHN SABO,

$29.019,260.05

Controller

The William Penn-Keystone 1*5- lationship has never been the usual cold and formal landlord-tenant state of affairs, rather it has been years of friendship, understanding and good will, and this mutual admiration and respect is not only true of the respective officers of both organizations but extends to their personnels as well. The whole fine relationship has often. been best expressed by ‘Keystone receptionist Mrs. Nyda Yeager: .“We’re all just one big happy family here.”

Perhaps few will miss Mr. Hubbard more than our own President Macker, who sadly expressed this sentiment in referring to the Keystone’s late popular president: “He was like a father to me, becoming my dear friend shortly after I succeeded to the presidency of the William Penn and moved to Pittsburgh, and he helped me make new contacts fn my new surroundings. He sucessfully recommended me for membership in the Rotary Club of Pittsburgh then, whenever it was possible, we attended together the Rotary functions and other meetings and programs. I will miss Brother Hubhard very much.”

The William Penn Home Office, its officers and employees, sincerely convey their condolences to the bereaved family of Joseph W. Hubbard, and to the personnel of the Keystone Adjustment Corporation who knew him as a genial and wise president and leader.

ELLIS, KANSAS, REVIEW: “It’s a tough world for the American businessman. Everytime he comes up with something new the Russian invent it a week later, and the Japanese make it cheaper.”

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