Word: pensionable
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Legislative hobbies: high tariff, railroad employe pension, child labor...
Hastily whipped together and jammed through to passage in the feverish closing days of the last Congress, the Act provided for compulsory pensioning of all U. S. railroad employes-about 1,000,000. Workers were to contribute one-third, employers two-thirds to a pension fund administered by a Federal Board, appointed by the President. Retirement was to be compulsory at 65 except in special instances. First payments into the fund were scheduled...
...bankers control credit on the basis of what's in it for me. Let us give back to the Federal government where the Constitution placed it, the control of currency and credit." Mr. Goodwin places all his eggs in the Townsend Plan basket. This plan provides for a monthly pension of $200 to all men over SIXTY with the proviso that the recipients must spend it all within the month. The money is to be raised through a sales tax, but when the committee questioned him on the details of the plan he replied that he was not so much...
...stop salt machine, the President was discovering that his New Deal liberalism was undamming an undisciplined torrent of independent Leftist movements all over the country: Huey Long's Share-the-Wealth Clubs, Prestonia Mann Martin's "Commons & Capitals," Dr. Francis Everett Townsend's pension scheme (TIME. Oct. 15). There was an EPIW in Washington. Some 200,000 persons were said to be enrolled in the Utopian Society. If this sort of thing kept on, conservatives predicted that they would probably be clinging to Franklin Roosevelt as the last man left in the country to defend property rights...
...enlisting the solid support of the California Press, the tactics of conservatives have proved largely negative. In self-defense, Acting Governor Merriam espoused, under his breath, the Townsend Plan, a wild-eyed scheme to pay oldsters $200 a month with the understanding that each month's pension be spent in full within 30 days. But nobody took him seriously. Big drive of the "nonpartisan" Stop Sinclair movement took the form of a blizzard of pamphlets proclaiming: "Out Of His Own Mouth Shall He Be Judged." Material was culled from Author Sinclair's iconoclastic shelf of writings over...