ZajednicÌŒar = Fraternalist. [volume] (Allegheny, Pa.) 1894-current, 1955-09-28
Supreme Presidents Message To The 9th Convention

to our present membership and prospective applicants the
value of peace Of mind which of knowing that nan
cia provisions for future needs assured certificate
of membership in the Croatian Fraerna Union of America
The assets of the organization saeguarded by the
careful selection of investments of funds where safety
we'll yield have been the only factor One-thrd of
assets invested in United States and Canadian govern
ment securities The rest of the funds invested in first
grade utilities municipal and industrial first mortgage bonds
bearing average interest of approximately 80 This is
fair interest return, which is chief after the
safety of invested assets This policy of safety is of prime
Importance and should be followed in the future guar
antee that all the Unions obligations will be met.
The Administration Expense Fund
The insurance laws of the State of Pennsylvania since
the Eighth Convention have been amended to such
tent favor of fraenal benefit societies that
longer faced with deficit in the Administration Expense
Fund in the immediate future We able to accumulate
and set aside sufficient funds to pay for the expenses of
this convention eliminating for the first time in history
the necessity of special convention assessment The Penn
syvania Legislature recently passed provision in the
Insurance Code permitting transfer of funds from surplus
funds the Administration Expense Fund pro-
dng the sovency of the insurance fund is not endangered
We will be in position to increase not only all of
fraernal activities, but will also be in position to re-
the officials of local lodges
and nests who have to carried the burden OF ad
nsterng lodge and nest affairs at cost to the Society,"
More than one-haf of the delegates assembled here
lodge officials You know better than anyone else that it
getting to be real problem every year to elect lodge
officers at your annual meetings. 1t is my firm belief that
the time has for to meet that problem squarey
by adopting provision to assist lodges in rewardng
in measure, the lodge officials for their services.
Let u.s. at this Convention start with the most i'm
portan and most exactng lodge office the secretary
firmly believe that will be possible for to reward the
lodge secretaries at rate of so cents member per
from the Unions Administration Expense Fund beginning
with the year 1856 This will require the expenditure of
little $4,000 year. The reward to all
reares would not eliminate the present conservation award
to those who maintain increase the number of members
in their lodge to the end of the year.
heartily recommend this proposal for adoption at this
Convention.
Our Official Organ
In the several examination reports by the state in
authorities of lae the Union has been criticized
for spending much official publications We have
tried and believe succeeded in convincing the authorities
on the value and contributions of publications to the
continued growth and progress of the Society," The "a
iedncar and the Junior Magazine only of
direct communication between the Supreme Office and the
membership Our successful campaigns in the past
pie proof Of that.
Four years ago. the subject of the Official Organ
I stated the following:
would like to state to you, without equvocation,
that the four years just passed have been the most
critical in the history of the organization. This
brought about by conditions existing in the old
country and especially in the parts from which most
of pioneers came. The Croatian Fraternal Union
has outlived the odcountry political feuds and it has
definitely become American organization, its
bers enjoying the comforts and conveniences of every
day American life with all the interests in the
tries across the slowly fading out of their hearts
Continued following page)