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Image provided by: Arizona State Library, Archives and Public Records; Phoenix, AZ
Newspaper Page Text
ARIZONA TRIBUNE, FRIDAY, MAY 3, 1963.
AriHunagfltihimt * 1 mliiiii pTiii mrim i 1 1 Pictorial Weekly VOL. 5, NO. 42 F PnflCF D D? • p UBHSHER-EDITOR ASST * editor BO3BY HEARD staff photographer ESTABLISHED JULY 10, 1958 PUBLISHED EACH THURSDAY BY THE BANKS PUBLISHING COMPANY, INC., 2137 E. BROADWAY, PHOENIX 40, ARIZONA, BR. 6-2301, $2.50 PER YR. SECOND CLASS POSTAGE PAID AT PHOENIX 40, ARIZONA "ALL THAT IS NEEDED TO REMEDY THE EVILS OF OUR TIMES IS TO DO JUSTICE AND GIVE FREEDOM." THE RAGSDALE STORY There is an old English saying which states, “A wagon is only as good as its worst wheel,” This applies to the Valley Life Insurance Com pany headed by Lincoln J, Ragsdale, This resume of his record of business is made to familiarize everyone with the operations of an insurance firm which depends almost en tirely upon the hardworking and not too well paid Negroes of the state. The company was incorporated and started in 1954 as a benefit company. Loose insurance codes in this state allowed this company and several others to operate on a marginal shoe string budget. Sheer luck and the absence of any natural disaster on mass drownings or deaths kept Valley Life Insurance solvent. The following figures show the records of business from 1955 to 1961 as published in 1962 by the state insurance department headed by Director G, A, Bushnell, Total income $232,427; Total disbursements $173,383, which includes the first dividend paid in the company's entire life, a small sum of $5,491. The only benefits paid during this period were $14,554, This shows $153,338 was spent on operating expenses, salaries, and equipment. The number of policyholders decreased by 140 persons, from 2,853 the previous year to 2,713 in 1961, The company has only SB,OOO securities on deposit with the state treasurer. There are assets of $47,611. Now the law requires $25,000 to be on deposit plus $12,500 on reserve for operat ing funds. Thus making a required total of $37,500 for the protection of those insured by insurance companies in Arizona. Several years ago Valley Life Insurance Company was cautioned by the Federal Security Exchange Commission and the Arizona State Department of Insurance for using misleading, false and misrepresenta tion advertising materials. It is difficult to realize how many wage earners sacrifice to pay premiums believ ing they have paid for good coverage in a supposedly sound insurance company. It would be beneficial if each person would study the official state insurance department yearly reports before buying any policy. Finn.. .TAKE UtAt .MACI P.2 Sights and Sounds Eloise Banks Somewhere in the back of our minds ferments the desire for homes. We grow up and become adults hoping to buy a house and live happily ever after. All of this could probably be traced to man* s emergence from the nomad state to cavedwellcrs. Even the fairy tales ended when the prince rescued the fair maiden and took her to his castle for a happy life. In the United States the home has symbolized independence and security for families since the colonial era to the atomic age. We are a nation of homelovers. Possibly in no other country are so many persons able to purchase homes and direct so much atten tion to their homes. Gone are the days of children living in the same homes of their parents. Transportation has en abled greater mobility and chil dren of the same families are born in various states. Persons of my Mother’s gen eration stayed usually in or around the home sites of their parents, but a great upheaval in family living began during World War Two. Wives and sweethearts fol lowed soldiers, sailors, airmen and marines around the country. After the war many of the per sons remained faraway from their immediate families. Homes had to be built and new com munities sprang up. Have you ever thought how much a home means to a person? Have you ever thought how hap py a family is when they are planning to buy or build a home? Our home affords us much of the same pleasures that anyone else gets from his or her abode. I enjoy all of the chores around , the place. I don’t mind cooking, cleaning, washing, ironing, watering or emptying wastebas kets. A home is fine until some thing goes wrong and last week our home was beset by gremlins. Everywhere we turned was trouble. We were plagued by all of the ills Pandora could let loose. First the electric light bulbs took a holiday. The light in the bathroom went out. The kitchen light blinked out. The office room light blew and the refrigerator light refused to shine. Before the lights went on a strike our automatic washer de veloped pains. It began to whirr, groan and shake like a sick old man. It wobbled when it should have spun. The hot water intake halted. Its timer became erratic. The washer was definitely on its last rounds. As the evaporative cooler was being checked some of its parts were found to be faulty. A new valve was needed and several other parts wouldn’t last through out the summer season. Where once stately oleanders stood are merely empty holes and a few sagging plants. They were uprooted when our sewer con nection was made a couple of months ago. Now with the yard cleanup you can see the barren spots clearly. Sunday morning we forgot about the burned out bulbs, we ignored the missing oleanders, we didn't hear the washer’s noises and we didn’t use the cooler. We settled down for a relaxed day at home. Suddenly a gurgling and gush ing sound came from the bath room. Water surged from the floor around the lavatory basin. It ran down the hallway and into an adjoining room. Within an hour the plumber had solved the water leak and we calmed down and ate lunch. I laughed and told Ed there are times when a home is not so sweet. The troubles diminished as soon as we heard the noon world news report. f* l Views, Previews %|L wo Reviews % IB Edward Banks YOUTH WORKSHOP NEEDED Dr. Howard Seymour, superintendent of Phoenix High Schools and Junior College Districts, will be the main speaker at a youth em ployment and education workshop, Sat., May 4. The program will be held at the YMCA, 350 N. First Avenue, starting at 11:30 am. Co-sponsored by the Phoenix Urban League and Arizona Employ ment Service, this workshop is designed to aid junior and senior high school students in exploring the world of job opportunities and learning the methods of preparing and applying for certain jobs. Representatives from various fields of business, industries and professions will serve as consultants. There is no charge. All junior and senior students are invited to attend. Automation and increased job requirements are two of the major causes of unemployment. Young men and women should now ac quaint themselves with the world of jobs and being in high school to prepare for a career. No longer can a student wait until graduation day to decide what type of work he wants to do. The Urban League and the Arizona State Employment Service are rendering a great service in sponsoring a job workshop for our youth. WEBBER'S iastlake Plan Our Traditions.... ; Require that Sincerity and Honesty guide our service to the public. . Al A 0794 JOHN H. WEBBER, MGR. AL 4-0/34 ROSE E. WEBBER, ASST. WOOLWQRTH’S COOL, CHARMING YOU fßKy> IN OUR STUNNING SLEEVELESS \ 1 shift jap a BRING THIS (H g COUPON AND** ||||Oflp3fp® I W4 BP YOUR MONEY’S WORTH WOOL WORTH'S Downtown - 36 E. Washington