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Zajedničar = Fraternalist. [volume] (Allegheny, Pa.) 1894-current, February 24, 1954, Image 8

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn84024547/1954-02-24/ed-1/seq-8/

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National llonir Offii-PS
CKOAT1AN l-'KATKKNAL UNION
Pittsburgh. Pennsylvania
The Beginning
are, quite naturally, deeply interest
ed in seeing to it that the 60th Anni
versary of the Croatian Fraternal Union is
celebrated in style this year.
It is for this reason that we are de
sirous of seeing success crown the Annual
Meeting at Etna on Sunday, February 28,
of the United Lodges of Western Pennsyl
vania Committee, the largest such working
organization within the Society.
Inasmuch as the United Lodges and the
Executive Board of the Society will co
sponsor the celebration on July 25 of the
Croatian Fraternal Union's 60th Anniver
sary. it is of paramount importance that
the meeting in question be attended by
every Delegate selected by his or her Lodge
to represent it in the Committee.
There must be a successful beginning on
Sunday, February 28, if the end result on
July 25 is to be of credit to the Society in
particular and its tens of thousands of
members in general.
Given that, a successful beginning, we
feel confident of living to see the United
Lodges of Western Pennsylvania Commit
tee and the Society's Executive Board come
tli rough with a celebration unparalleled in
the anniversary annals of the Croatian Fra
ternal Union, a celebration our members
will remember for years to come.
But the spark must be struck, first of
all, at the meeting on Sunday, February 28.
If the response that day is lukewarm if
those present adopt a "Let George Do It!"
attitude then it would be best, by far,
to forget the whole matter.
That must not come to pass under any
circumstances when the Annual Meeting of
the United Lodges Committee is called to
order on Sunday in the Etna Lodge 4 Cro
atian Home at 110 Bridge Street!
Lest We Forget
UMAN nature being what it is, our fel
low members have no doubt forgotten
the role their Society played in supporting
the Federal Government's sale of Savings
Bonds during World War II.
I Designated by the Government as an
Official Issuing Agency, the Croatian Fra
ternal Union of America sold better than
$5.000,000.00 worth of Savings Bonds dur
ing the course of the last global struggle,
the bulk of which were purchased by mem
bers of the Society.
Today, as in those days, the Govern
ment is still urging citizens of the United
States to invest their spare money in Sav
ings Bonds and again enjoys the support
of the Croatian Fraternal Union, and its'
Official Organ, in its drive to acquaint
Americans with t.he wisdom of becoming
partners in the world's safest investment
firm, the United States of Amcrica.
That many of our members do have
money to invest is attested to in an article
written by Supreme^Treasurer bro. Martin
Krasich, who deals with the subject of
United States Savings Bonds elsewhere on
this Page of the English Section.
Bro. Krasich is obviously well qualified
to counsel our members in the matter of in
vestments, for the very nature of his offi
cial capacity calls for sound judgment in
safeguarding the financial welfare of the
greatest fraternal organization of its kind
in the world.
Then, too. bro. Krasich participated in
every financial transaction consummated
by the Society during its World War II
service as an Official Issuing Agency for
United States Savings Bonds and is an
authority on this type of investment.
These lines were not written to glorify
bro. Krasich nor to elevate him above the
many others charged with the varied re
sponsibilities of administering the affairs
of the Society.
On the contrary, they were penned to
remind our members that United States
Savings Bonds are a safe and sound invest
ment, as safe and sound as their certificate
of membership in the Croatian Fraternal
Union, as certain as anything can be.
What better proof of that than the
some S5,000.000.00 our members invested
in Savings Bonds during World War II:
than the untold millions they have since in
vested to keep themselves and their Coun
try strong than the $7,000.000.00 the
Croatian Fraternal Union itself has invest
ed, at this writing, in Government Bonds?
What better way to invest your money,
to profit materially from the fruits of the
great American Way of Life?
WEDNESDAY, FEBRUARY 24, 1954
ENGLISH SECTION
Established November 6, 1929. Published weekly
By The
Croatian Fraternal Union Of Amcrica
STEPHEN F. BKKICH, Editor-in-Chief
Editorial Offices. 8*11 Forbes St., Pittsburgh IVPa.
Telephones: SChenley 1-4470 1-4*71
Junior Bowling
indication points, at the moment,
to the successful staging May 6-9 at
Detroit of the Society's 20th Annual Na
tional Tenpin Bowling Tournament.
Assuming that the adult bowlers will
again turn out in droves, we turn our atten
tion today to the young kcglcrs affiliated
with the Croatian Fraternal Union's Junior
Order Nests.
There is a place, a very definite place,
for Junior bowlers at the May running of
this, the Society's top sports gathering of
the year and everything possible should be
done to encourag« the youngsters to par
ticipate in the classic.
Writing editorials on the subject of
Junior bowling is not enough. Nor will ar
ticles in the Zajedničar and-or Junior Mag
azine stampede our boys and girls into
making the trek to the Motor City in the
Spring. If they are to be interested, the
"sales talk" must emanate from the level
of our sports-minded Nest Managers.
For example: Four teams comprise
our Cleveland, Ohio, Junior Nest 55 League.
All four of the quints should roll in the
Detroit Tournament probably will, if Nest
55 Manager sister Anna Rescic can swing
the financial end of the deal.
Similar kegling enthusiasm is also evi
dent in the ranks of our Chicago, 111., Nest
17, where bro. Vincent Biskupic holds sway
as Manager of the first water. We feel cer
tain that he, too, will leave nothing undone
to sec his Nest represented at the Detroit
Tournament in May.
But, what of our Nests in the tourney
host city itself? Surely they will not want
to sit things out in May and permit Cleve
land and Chicago to have the pin spotlight
to themselves.
Finally, let no Nest feel that the Junior
phase of the Detroit Tournament is a
"closed shop" affair limited to Cleveland,
Chicago and Detroit. It isn't.
Every boy and girl is eligible to enter
and vie for championship honors!
often cry that "Politics is
too dirty a for an honest man to
have anything to do with!"
What they happen to overlook at the
same time is that politics is the art of gov
ernment, be it in the hands of the Republi
cans or those of Democratic stripe.
True, the game docs get rough at times,
as witness the recent "Lincoln Day" orato
rical donnybrook which saw leaders of both
major parties indulge in name calling which
would have done justice to the West's finest
mule skinners of yesteryear.
But this should not sour us on politics.
On the contrary, every real patriot should
do something to combat apathy toward
things political if we are to prevent the
downfall of our present system of govern
ment, or see it fall into alien hands.
One contribution to this end is the Mau
rice and Laura Falk Foundation of Pitts
burgh, which has disbursed something like
$7,000,000.00 for the purpose since its es
tablishment in 1929.
Originally set up by Mr. Falk, a Pitts
burgh steel tycoon, as a memorial to his
wife, this Foundation has been striving to
prepare students for their part in politics
as the duty of good citizenship. Funds do
nated to universities and colleges have been
spent on economic research and the promo
tion of general economic knowledge, as well
as on political education.
Limited by Mr. Falk's will to a lifetime
of only 35 years, the Foundation is now in
the latter stages of its career. It has had
wise objectives and has increased appreci
ation of the importance of politics.
In Passing
Medieval imagination
simply could not compre
hend the bounds of un
derstanding which we
Americans have achieved. Our own pilgrim
fathers dared a thousand dangers for their
faith, but they were a long time giving the
right of worship to others. You are privi
leged to live in a country where churches
with different views stand in the same city
block. Their pastors and members work to
gether in scores of civic and world causes.
This fact alone is worth all of the wordly
wealth we possess.
Mrs. Walter Ferguson
Scripps-Howard^ Syndicate
Society's Members Advised To Invest
Money In United States Savings Bonds
Federal Government's Series E Bonds
Ideal Investment For Average Citizen
By Martin Krasich, Supreme Treasurer
Pittsburgh, Pa. In the coursc of our daily routine,
the Treasurer's Office of the Croatian Fraternal Union
of America is besieged with inquiries which go something
along this vein:
"Bro. Krasich, I have accumulated a modest savings
account of several thousand dollars and would like very
much to invest it in some profitable and secure manner,
one which will return the
highest percentage of in
terest and, at the same
time, be a sound invest
ment.
"You who arc entrusted.
with millions of our Soci
ety's assets and, from all
indications in the minutes
of our Financial Board
meetings, have much ex
perience in placing these
funds where they will yield
the greatest gains, are
daily faced with this in
vestment problem. What is
your advice in my particu
lar case?".
No Absolute Guarantee
When I receive these„
letters from our members,
I gladly counsel them to
the best of my ability as to
what form of investment is
most suited to their needs.
I feel that many of our
members who never inquire
about this are likewise
faced with the necessity of
action along this line and
it is for their benefit that
we pen this article.
There is an old saying
which proclaims that noth
ing is a certainty in this
world but death and taxes.
If this is so, then this also
applies to the purchase of
any securities.
I have written numerous
articles in the past pertain
ing to the investment poli
cies of the Croatian Fra
form of investment is ab
solutely guaranteed and the
value of bonds is subject to
the economic conditions of
the nation and the fluctu
ation in world situations.
These are both a vital
factor in the fall and rise
of the worth of your bonds,
but to a greater extent to
the worth of your stock.
Can't Afford To Gamble
For this reason, wherein
a greater margin of profit
may possibly be realized in
a very short time on shares
of stock, but on the other
hand may also be lost in
the same short period, re
sponsible organizations are
hesitant about investing
funds in stocks and similar
securities.
It is definitely against
our policy to gamble or
speculate in an uncertain
market with the finahccs
of our members. This is as
it should be and we feci
that the placing of our fra
ternal organization's funds
in various bonds, rather
than in stocks, is a much
s a e i n s u a n e a a i n s
possible bankruptcy.
I would not recommend
to our members that they
invest the few thousands
of dollars, which are the
result of years of toil, in
stocks. Such speculation is
for those who can afford
to lose their money without
endangering their necessi
ties of life, and to whom
a profit is desirable but not
absolutely essential.
Series E Bonds Popular
First of all, I would ad
vise moderate investors
that the safest investment
today lies in the purchase
of Series E U. S. Govern
ment Savings Bonds.
These new bonds bring a
3r/( interest return upon
maturity, which is a period
of nine years and eight
months. If they* are cashed
before the maturity date,
the 3rt interest rate does
not apply. Former Series E
Bonds carried a 2.9% in-
terest rate provided they
were held to maturity
which at that time was a
ten year period.
But, if these Bonds are
held to maturity an addi
tional 10 years they also
carry 3^ć interest. This
means that after an addi
tional ten years you receive
$134.68 for a Bond which
you purchased originally
for $75.00, an 80c/t in
crease over the original
amount invested.
Money When You Need It
I repeat, this is the finest
form of investment for
those who have meager
savings to invest for secur
ity reasons. Then too,
should the need arise, these
bonds may readily be cash
ed after sixty days.
Gains on interest on
these bonds must be paid in
federal taxes, in proportion
to the annual increase or,
if you prefer, the total gain
at maturity.
There are various bond
issues called Municipal
Bonds which bring to in
vestors a 3
or more rate
of interest. But, first class
city bonds do not usually
carry higher than a 1.5%
to
rate, governed na­
turally by various factors
such as city conditions, in
dustry, ability to collect
taxes, and future pros-
ternal Union. In these Ij^pects for municipal devel
stressed the fact that no ^pment. A vital role in this
jso piaye(j by the gov-
eming body of the city.
Municipal bonds which
carry 3
or better inter­
est rates are usually of a
speculative nature, but if
they are of a general obli
gation variety, then they
assume greater security
value.
The interest received on
these bonds is not subject
to Federal tax, that being
the reason why banks and
similar institutions pur
chase them, even if they
have a lower interest value.
Not For Average Person
However, in the long run
these Municipal Bonds are
of greater value than bonds
of higher interest returns
since the revenue received
from them is non-taxable.
We mention in passing
here that fraternal organ
izations such as ours are
not required to pay taxes
on interest received from
investments in bonds.
I would not recommend
these bonds to our mem
bers however, since a great
deal of caution and discre
tion in the purchase of
these is necessary, research
for which the average la
borer has very little time.
Our Federal Government
likewise issues the Series
Bond, the minimum de
nomination in these being
$500.00. The entire $500.00
is payable upon purchase
and carries a 3cć interest
rate and you receive an in
terest check every six
months thereafter.
The Bond matures with
in a period of nine years,
eight months, and you
must hold it for at least
six months before you cash
surrender it, and then no
tify the bank of your in
tentions one month prior
to the release date.
About First Mortgages
You are not permitted to
invest more than a total of
$20,000 in any given year
in these bonds. But this will
Croat Park Bench Conferences Of Old
Most Americans are familiar with the person of Mr.
Bernard Baruch, famed as a presidential adviser and phi
lantropist, who became internationally renowned during
old Allegheny Park on North Side Pittsburgh to weigh
the problems of the National Croatian Society, forerunner
of the Croatian Fraternal Union. They were the late bros.
Petar Pavlinac and Franjo Sepic, depicted in this imagi
nary sketch, who were among the original founders of the
"Hrvatska Zajednica" back in 1894 and became charter
members of North Side Pittsburgh Lodge 1, which will
celebrate its 60th Anniversary on Sunday, March 21,1954.
mean little to our average
member for very few of
us (and certainly not I) are
in a financial position to
viqlate this ruling.
Series or Series E
Bonds may not be pur
chased by any Lodge, Club
or organization, but are
made available only to in
dividual investors.
The question often arises
also of the advisability of
the average man investing
his life savings in private
mortgages where a 6rr in
terest rate seems inviting.
Yes, First Mortgages are
reasonably safe, but here
again extreme caution is
urged.
You must be certain that
all the papers are in order,
and we strongly advise the
seeking of legal counsel to
see these matters. On the
advice of a reliable attor
ney, an investment of this
sort on First Mortgages
may be negotiated.
Many Suffered In Past
In years gone by many
people placed their savings
in Loan Associations.
However, during the
time of the economic crisis
some twenty years ago,
these associations failed
and followed the example
of the banks and shut their
doors. The fear of a recur
rence of this disaster leaves
our people reluctant to in
vest their savings in this
way.
To avoid such a tragedy
again, the Federal Govern
ment stepped in to insure
all accounts up to $10,000,
thereby making Loan As
sociations a safe place for
your investments. An add
ed attraction is the 3% or
more interest rate which
most of these firms offer
on your savings.
In this short resume on
investments we hope that
we have been of some small
assistance to our members.
In the very near future we
will review various types
of investments which our
Lodges may make with a
view towards swelling their
treasuries.
The cure for "material
ism" is to have enough for
everybody and to spare.
When people are sure of
having what they need they
cease to think about it.
Final Proof
The man who is wor
thy of being a leader of
men will never complain
of the stupidity of his
helpers, or the ingrati
tude of mankind, or of
the inappreciation of the
public. These are all part
of the great game of life,
and to meet them, and
not go down before them
in discouragement and
defeat, is the final proof
of power.
World War II
for his famous
"Bench Confer
ences" in Lafay
ette Park, i n
Washington, D.
C. But long be
fore Mr. Baruch
started his such
me e i n s, or
a k s e e
were two Cro
atians who con
ducted "Bench
Conferences" of
their own in the
Part Of Our Life
A small group can do
considerable damage to a
community. In Norwalk,
Conn., a clique in a veter
ans' post has been sending
the FBI the names of local
people whom it thinks are
Communists.
What tests decide, they
have not stated. Nor does
it appear that they have
given the accused a chance
to de e n themselves.
Clearly such operations of
fer a field day for snoop
ing and malicious gossip.
This seems to be the ac
tivity of only a few mem
bers. It came as news to
other members, and is not
admired by the residents.
Despite the political risk
from criticizing anything
done in the name of the
veterans, the mayor has
spoken out boldly against
these operations.
Norwalk is not alone. In
Canton, Ohio, a self-ap
pointed group has been
telling civic organizations
whom they may or may not
have as speakers. If the
practice spreads, our com
munities will be torn asun
der. Everyone will distrust
his neighbor, as noone is
free from enemies.
Activities such as the
Community Chest, in which
persons of all walks of life
cooperate to raise money
for local charities, will be
come impossible.
The Norwalk informers,
as would any such group,
do their city and country
no good. We may have
some persons with subver
sive minds, but make sure
before you report them.
"News-Tribune"
Beaver Falls, Pa.
Senator Hits At
Coffee And Reds
Washington, D. C. Un
less the Communists keep
their itchy mitts off the
economic life of the nation,
the United States should
e a s e i o i n o e e
from Guatemala.
So proclaims a resolution
introduced in Congress by
a prominent Senator, who
thinks a mixture of Com
munists and coffee isn't fit
for American consumption.
Just how far the resolution
will get remains to be seen.
In the interim, the pow
ers that be in Guatemala
argue that the Senator's
resolution, if passed, would
send that country's coffee
roasters to the poorhouse
and drive Americans to
drink (ugh!) tea or some
other un-American thirst
quencher. To which the
Senator says "Nuts!", or
something to that effect.
Hard to tell these days
where the Communists vyill
pop up next. If it isn't in
the tea in China, it's bound
to be in the coffee of Gua
temala. Heavens to Betsy!
February 2i,
YESTERDAY
AND TODAY
By John Badovinac
(President Lodge 663)
Cleveland, Ohio Contin
uing with our imaginary
tour of the structure, we
take you today to the Main
Lobby of the second floor
of the Croatian Fraternal
Unions' Home Office Build
ing at 3441 Forbes Street,
Pittsburgh, Pennsylvania.
The Main Lobby leads to
the office of the Supreme
President. When you set
foot on the second floor, the
first thing that will catch
your eye are the pairs of
columns, with symbolic cap
itals near the ceiling, depict
ing law, religion, science and
architecture. These capitals
are of intimate design and
we don't know of any like
them elsewhere in the Uni
ted States.
Tablets And Citations
The whole Main Lobby is
spacious and just decorative
enough to make you feel at
ease and at home when you
visit the Home Office on
business or pleasure.
On the right as you come
in from the stairway you
will see a bronze tablet erec- v
ted to the memory of Joseph
Marohnic, former President
of the old National Croatian
Society. On the left side is a
similar bronze tablet erected
to the memory of Zdravko
Mužina, founder of the Na»
tional Croatian Society.
Here too you will find ci
tations from the United
S a e s o v e n e n i i n
the Croatian Fraternal Uni
on for its sale of War Bonds
during the days of World
War II.
Beautiful Board Room'
The Board of Directors'
Room leads off the Main
Lobby. This Room cannot be
duplicated in the City of
Pittsburgh, yet it is very
simple in design with a beau«
tiful wood-beam ceiling.
On the side of the -Room
the walls are lined with
o o k a s e s o n a i n i n e
Croatian Fraternal Union's
library of historic and offi
cial documents. On the other
side is the "Great Fire
place," which dominates the
Room.
The mantel and log fire
place are unique in design
and there is only one other
like it in America. The de
sign was modeled by artists
in Washington, D. C., and
tenderly executed from a
special full-sized drawing by
the architect who designed
the Home Office Building,
Mr. Pierre A. Liesch.
The Executive Board
meets twice each month in
the Directors' Room and the
Supreme Board holds its ses
sions here on a semi-annual
basis to transact business.
Houses Other Offices
Leading off the Main Lob
by, to the left as you face
the Supreme President's
Office, is the office of the
Supreme Treasurer and his
clerical staff. To the rear
of the building, leading off
the Main Lobby, is the Jun
ior Order Department.
A passageway to the new
building, added to the main
building in 1938, leads from
the Main Lobby, just to the
right of the Directors' Room.
This addition houses the
Press Room where the Za
jedničar and the Junior
Magazine are printed and
mailed.
Leading off the second
floor also, is the of ice of the
clerk in charge of the mail
ing list. And from this office
a hallway leads to the apart
ment of the janitor, which is
at the rear of the building
and opposite the n«w
addition.
[To Be Continued]

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