ORIGINAL: J_R
Excerpts from Model Aviation Magazine, District VI Report (Horrace Cain, D VI VP)
April ‘79
“Considering the low payments in claims, as compared to the premiums paid, could AMA underwrite their own insurance?”
May ‘79
“AMA self-insurance: lack of money. Pay-outs have been large. Big cases still pending.”
“Insurance will continue to be a fluctuating problem. Total per member cost is now budgeted at $2.75 each, plus $40,000 for clubs, which is less than $3.50 per each.”
June ‘79
“Slash my wrists! Right there among the scars! I goofed. Last month I said that club insurance cost $40,000. Not so. At the Council meeting I misunderstood some statement and entered such in my notes. Actually, there is no such expense. AMA’s budget does anticipate $48,000 from club insurance certificates and this helps toward the budgeted expense of $2.75 per member. The total insurance is now $2.00 per each, plus or minus a few cents. The balance of your dues goes to letting you read about these goofs.”
July ‘79
“The more I write on insurance the less it costs. Two months ago I said $2.75 per member. Last month I said @2.00 per member and this month I say it is down to $1.40 a person. AMA will publish details and I am going to shut up before I give all of you tightwads a free ride. No more on insurance—maybe!”
Excerpts from Horrace Cain 2003 EVP Campaign statement:
“In no way do I even pretend to be a financial wizard. I could never be an accountant, as when the boss asks, “What is two plus two,” any good accountant will answer “Whatever you want it to be, sir.” I could only answer “Four”.”
More...
“I say that not only will I tell you all that I know, I will also bring to the EC a different approach to doing modeler business."
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Sources: AMA News section in Model Aviation Magazine Digital Archive on AMA website and campaign statement at
http://www.modelaircraft.org/03cain.asp
Well JR:
Thank you for bringing to the people here that I, Horrace Cain, will report what I find, think, perceive, etc., and when wrong, misinformed, etc., I will tell the constituency the truth, as I know it. The EC cannot prevent such and that sure POed a few of the non-productives when I was there. If you have not noticed, in this age the MA officer's column is NOT the only method of disseminating information.
Back in those '79 days, we had no computers, no Executive Vice President /CFO, only the briefest information from the Ex. Director, J. Worth --information could often change with the wind -- and the insurance was carried by Lloyd's of London. In addition, '79 was my first year on the EC and I definitely had a lot to learn. _ell, JR, I thought those guys were really interested in promoting the sport of model aviation --
SO NAIVE I was. If I get back on the council, I fully expect to again go through a learning period, however this time I will not have to depend on the Executive Director or any other staff individual as my research abilities are now significantly more sophisticated. In addition I have the resources to camp in Muncie for January and dig some wells. In '79 I had to earn a living along with performing the volunteer duties.
There have been many changes since '79. Back then I was still married to the mother of my children. Yes, JR, many things have changed. CHANGE -- one of the TWO constants in the universe!!
Now JR, I understand that you are a pawn for some EC member that feeds you whatever you need to feel important in your feeble attempts to discredit one Horrace Cain. OTOH, if it were not for embarrassing someone that I really respect, I could well discredit you in several ways with the discoveries I obtained at the Grand Event in Waco, TX, 26-27 Aug. Not a threat because it will not happen -- 98% sure -- however ???? [X(] Anyway, you know the things you say that are not factual. For shame JR.
BTW, go back to the minutes of the Nov. '81 EC minutes. Find that motion that by "official record" gave the Frequency Committee $10,000.00 for operations. IIRC there is no name on the minutes' motion.
Post that here, and then if I can find it out in my barn -- I did dispose of most of that stuff so I may not have it -- the original draft-minutes that stated the real motion was, "Horrace Cain moved to give the Frequency Chairman $10,000.00 for his personal use as he should see fit with no receipts required and no questions asked." Of course it was unanimously approved. They had little choice in that day and age. A short time later the frequencies were released. Ain't that strange???[:-][>:][:-]
Yes, that was another unpopular move by Cain, however JR, when you got 'em by the shorts, their hearts and minds will follow.
I have been in BOTH positions.[:@]
