Arizona tribune. [volume], May 03, 1963, Page P.2, Image 2

About Arizona tribune. [volume] (Phoenix, Ariz.) 1958-197?

Image provided by: Arizona State Library, Archives and Public Records; Phoenix, AZ

                
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
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YOUR MONEY’S WORTH
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Downtown - 36 E. Washington