p.craltr Official Organ Of the Slavonic Benevolent Order Of The State Of Texas, Founded 1897. BENEVOLENCE
VOLUME 57 — NO. 25
HUMANITY
BROTHERHOOD
Postmaster: Please Send Form 3579 with Undeliverable Copies to: SUPREME LODGE SPJST, FOB 100, TEMPLE, TEX 76501
JUNE 18, 1969
FROM THE EDITOR'S DESK Our member's attention is directed to the report from Financial Secretary Ben Zabcik entitled: "Refund of Premiums" in this issue. It's rather important, so read it carefully. We would also like to mention that that Lodge Jaroslav Vrchlicky No. 111 in Sugar Land would like to obtain or borrow a good picture or photograph of Jaroslav Vrchlicky if anyone knows of one or has one. You may contact: Sister Edith M. Maras. Secretary, 1810 Wakefield, Houston, Texas 77018. • LIFE INSURANCE COMPANIES INVEST $910 MILLION TO AID PEOPLE IN SLUMS A special life insurance program to invest one billion dollars to help improve living conditions for people in blighted urban areas has exceeded 80 percent of its 02,1. Loans and commitments by life insurance flonipa4iies participating in the program totalled more than $810.7 million as of December 13, according to Orville E. Real, chairman of the Life Insurance Comm ittee on Urban Problems. It is estimated that this figure reached $825 million by year - end 1968. The urban, investment program, which has been underway since
Sep-
TWELVE THINGS TO REMEMBER 1. The Value of Time 2. The Success of Perseverance 3. The Pleasure of Working 4, The Dignity of Simplicity 5. The Worth of Character 6. The Power of Kindness 7. The Influence of Example 8. The Obligation of Duty 9. The Wisdom of Economy 10. The Virtue of Patience 11. The Improvement of Talent 12. The Joy of Originating tember 13, 1967, is designed to provide housing, jobs and community service facilities for people living in city core areas. Projects are now being fi nanced in 227 cities in 42 slates, the District of Columbia and Puerto Rico. Mr. Beal gave this breakdown of how funds have been allocated during the program's first 15 months: Housing — $622.7 million. This money is providing 57,589 housing units for low and moderate income families and it includes financing the purchase or renovation of one-to-four family houses and the construction of lowrent and rent supplement apartment structures. Job-creating enterprises and community service facilities — $188 million. This is providing 26,436 permanent jobs, in addition to jobs created by the
construction work, and also facilities to benefit city wore neighborhoods. Projects include factories, warehouses and other industrial plants, commercial and retail ventures, hospitals, clinics and nursing homes, stores and shopping centers, and educational and social service facilities. Additional prodects involving $127 million in financing arc currently being studied, Mr. Beal said. Under the urban investment program, life insurance companies are diverting one billion dollar from their regular investments to make available capital to finance projects that have been unable to obtain private funding because of type or location or higher risks involved. Projects to be eligible for financing through the program must be designed to benefit people living in city core areas where conditions of blight or near-blight exist. A project may be located in a blighted area or in an another area if it helps to move people out of a deteriorating neighborhood into a better evironment. "The welfare of our cities — and all of the people in them — is a matter of great concern to the life insurance business," Mr. Beal said, "since the cities are where the bulk of our investments are and were most of our policyholders live".