SiebenbuÌˆrgisch-Amerikanisches Volksblatt. [volume] (Cleveland, Ohio) 1917-1971, 1950-06-29

This is what | was trying to say
at the convention. but was pre-
vented from doing it.
In violation of all rules of par
llamentary procedure and COM
mon courtesy on the part of the
presiding officer. the whole mat
ter was side-tracked into an un-
pleasant argument. Our Assistant
Secretary, Miss Mae Zednik, in
charge of all Central Nerband
loans by insinuations was made
to appear a liar. (Ask Geo. Weber
EX-President of Branch No. a
bout the actual facts)
There was nothing I could do
about it unless | wanted to create
! scene.
When l got back to Cleveland,
| wrote a letter giving notice OF
| our intentions to cancel our con-
tract. | have been told that this
was mistake, that now with me
out of the way, there will be less
control as to what is going to be
done relative to mortgage loan
investments than before. If this
should be the case, | would regret
it. But man must be guided by
his principles and not by none
tary considerations.
have no quarrel with the Cen
tral Nerband and shall do moth
ing to harm it's interest. l am
only feuding with two Of its offic-
ers and believe me | am not going
to let them push me around.
] have, however, gained one
advantage. Now | can talk. Now
I can tell about the constant ir-
ritations and aggravations | had
to put up with while trying to do
my very best in the interest of
the organization. Now | can tell
about the delaying tactics (over
two weeks to approve S5OOO.OO
loan on a $4,000 appraisaD, a.
bout flimsy excuses and subter-
fuges. l hate to say this but |
really got the impression that the
executive officers don't care to
make any mortgage loans at all.
But if they don't. why in the
dickens don't they have the CUTS
to say so and we will forget it.
They even use their wives to cast
uniavorable reflection on the
loans that have been made. If they
don't like the S2OO,OOO.OO worth
OF loans now on the books of the
Central Nerband Ill buy them
back 40 100 cents on the dollar
plus l%c bonus and | am making
a firm commitment right here.
These lines | am not writing
because | want to air a personal
grievance. The reason why | am
doing this is because this is a
matter which concerns all the
members and the CENTRALLY erband
as whole. Vice President Foisel
in the last issue of the Nolks
blatt has tried to show the diff.
culties of the Central Nerband to
maintain a high yield from its
investments on one hand in order
to satisfy the old members by tht
payment of dividends and on the
other hand low rates of insuranc,
to attract new members. He also
pointed out that through shor
sighted policy upwards of SlOO.
10000 of income has been wastec
and permitted to practically rur
into the sewer. About Is or q
years ago during the depths o
the depression our officers hae
come to the conclusion that the,
did not want any more mortgag.
loans and had charted thei
course accordingly. We have te
hand it to them. Come hell or higl
water they are trying to stick tt
it no matter what happens to TIT
organization.
This thing is serious. Make nc
mistake about it. If we permi
them to continue on this course
We'll never be able to pay an,
dividends. Already we are find
ing it difficult to attract new
members because our insuranc,
rates are too high. If we canno
pay any dividends now in thi
time of 1,nDrecedented oroSneri