ZajednicÌŒar = Fraternalist. [volume] (Allegheny, Pa.) 1894-current, 1959-11-04

the President of the Chdrens Board and the Sup
Secretarys report.
Bella - 1t is impossible for bro. Spuscs report
agree with the report of office due to the fact that
the books kept by the Childrens Home Committee
monthly while my reports yearly accountings
and presented every four years The figure in
ton carried from the year 1854 and included only
the There procedures here that
bro Spusic not familiar with which being used by
bookkeeper bro Gregurich.
Bro. Badovinac: - believe Del Petraks question is
order because there considerable difference in the fig
ures prepared in the Summary Audit Report
Del. Gavas: inquiries why there children in the
Home who not orphaned and why there record of
their reimbursements to the Home?
Bro Mandch - We report every year the number of
orphans the Home and also the number of other children
by whose parents the Home being reimbursed In ref
to the $1600O00 in outstanding debts due to the
Home which the Supreme Board erased from the books
would like to explain that this money due from the chill
dren who the Home during the depression and
is impossible to collect this money However will
tnue try to collect this amount due to the Home We
erased the figure modernze bookkeeping system
Motion under consideration carried
Report of Secretary of Children's Home Board
Del Adam sudetc moves that the report of the sec'y
of the Chldrens Home Board be approved Del Vukech
seconded the motion. Motion carried.
Due to the fact that our Actuary Bruce present
at this Convention today Chairman Rady asks the Dele
gates direct their questions if any, to the Actuary.
Del. Adam Sudetic questions the paragraph in the Ac
uarys report in which he suggested increases in salaries
the Executive Officers Del sudetc further asks what
basis this would be justified.
Del Goretta asks the Actuarys opinion in regards to
lien and loan of members Is pos
sble to reduce this rate?
Del. Anton Cindrich would like to know whether any
portion of the dividends be used for the needs of
organization.
r 70 Lpou, uho+b
the Convention has the privilege change certificates
from IS years to IS years paid-up certificates
Del John Mavrovich states that sometime ago he wrote
article in the ~" suggesting that reduce the pre-
miums of certificates Could take the 80 cents which
pay into the administrative fund from the surplus fund
and by doing reduce the premiums? New members
interested in lower premium rates than they the
amount of the dividends
Chair Rady suggested that this suggestion should be
presented under Miscellaneous.
Del. John Baron wanted to know if Del Mavrovch's
remarks would pertain the Junior Order well the
adult members He believes that it is the Junior Order which
is instrumental in the growth of the organization.
Del Mato Goretta has question for the actuary, which
he feels he will not be able at this time He wants
to know if it would be possible to carry members who
| are retired without paying further dues.
Del Steve Devunch would like to know if the premium
certificates be reduced
! Del Thomas Begg said that old plan of sick ben
eft fund operating and what
At this time Mr.. Bruce called upon by the Chair
to all the questions presented by delegates
Mr.. Bruce Il will try to the best of my ability to
all the questions presented to by the Delegates In
reference to opinion salaries Society paying
less to your Executive Officers than most other
cial companies l have just from sister fraterna
socetys convention at which the salaries of the top
officers set S150OO00 per with the permission
the salaries OOOO 90 within the next office
Mr. Bruce then proceeded to compare the salaries of
other organizations comparable with and remarked
that officers worthy of proper compensation for
fine job they performing
On the question presented by Del. Goretta, Mr. Bruce
that the interest rate liens and loans cannot
be decreased because the state laws require minimum in
erest This 4 rate does not the in
terest rate the loan the certificate would
loan from commercial company You pay per cent the
loan of your certificate while at the time you
ceing per cent interest your certificate and there
FORE you actually paying 1% interest which is the
cheapest rate available.
On the question presented by Del. Cindrc Mr. Bruce
explains that the dividend declared by the Supreme
Board, they must be paid in that form.
Mr. Bruce further the question to whether
dividend could be used to reduce the premiums
tfcates He stated that would take considerable time
and that he would need charts and schedules to give de-