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Official Organ Of the Slavonic Benevolent Order Of The State Of Texas, Founded 1897. HUMANITY
BENEVOLENCE
VOLUME 57 — NO. 43
BROTHERHOOD
Postmaster: Please Send Form 3579 with Undeliverable Copies to: SUPREME LODGE SPJST, POB 100, TEMPLE, TEX 76501
OCTOBER V., 1969
FROM THE EDITOR'S DESK ATTENTION, ALL MEMBERS AND READERS: Donations for furnishing one room in the S.P.J.S.T. Rest Home No. 2 in Needville, Texas, are being accepted now. The cost of furnishings for one guest is $400. Please send donations to: Mr. Charlie Matcek Route 2, Box 213 Wharton, Texas 77488 Phone 532-3681. This information was forWarded to your editor by the Rest Home Board of Directors. The Rest Home has already received several donations. • Two years after launching a special urban investment program to improve blighted areas of American cities, the life insurance business reports the following results so far: —About 80,000 housing units financed for low and moderate income families. —Some 28,000 permanent new jobs created. During the first two years, about $1.2 billion was committed or disbursed in loans for housing, job-creating businesses and community services. The program was announced at the White House on September 13, 1967, with a pledge of $1 billion by the nation's life companies. Last April,
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JUDGE NOT Some people are too quick to judge; And eager to condemn — The faults of others they feel Do not belong to them. They think they are so righteous in Their attitude toward life, And that they know the only way; To settle every strife. But if the truth were really known Their sins would be the same — And some of them might even have, A cause for ,;neater shame, In any Case there is the fact That they are doing wrong, By trying to advise the world How it should get along. People should not be too quick to Judge, or eager to condemn, Because some day, a judgment day Will be catching up with them. ers of the life insurance business returned to the White House to pledge a second $1 billion. These funds are being invested in 240 cities — in projects that would not ordinarily be financed under normal investment practices, because of their type, location or the risk involved. Francis E. Ferguson, chairman of the Life Insurance Committee on Urban Problems, explained that experience gained with the first $1 billion PRESIDENT'S MESSAGE IN THIS ISSUE
has brought somewhat of a shift in emphasis to the program. He said, "Initially, the bulk of our investments were in housing. These loans provided mortgage money so that people who were formerly unable to obtain financing could now buy their own homes, and it was used in the construction of low-rent and rent supplement housing units. "Housing will still receive over half of theSe urban funds, but we also see the creation of good jobs for people in blighted areas and the development of minority business enterprises can have a continuing economic impact on a care area community far beyond the amount of money invested. "So it is our expectation that a greater prOporticai of loans made under the program will be in the job-creating and business category." Mr. Ferguson is president of The Northwestern Mutual Life Insurance Company in Milwaukee, Wisc. The total investment through the second anniversary of the program includes $878 million for housing and $301 million for jobcreating enterprises and community service facilities. As examples of what is being done, Mr. Ferguson cited long-term mortgage loans to finance minority-owned-