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...elected to the House of Representatives next year, a goodly proportion realize that 10,000 votes more or less may make the difference between their winning or losing a $10,000 job. Under such circumstances it would be logical for 90% of the candidates to favor the Townsend Plan, but for the fact that 90% of the candidates also realize that the Townsend Plan is as likely to turn and bite its supporters as its opponents. To most members of Congress it is self-evident that the Townsend Plan is economically unworkable, that $20,000,000,000 a year...

Author: /time Magazine | Title: THE CONGRESS: Pensions' Progress | 12/30/1935 | See Source »

Representative-elect Main tacitly deprecated the issue after his victory. Said he: "The Townsend clubs endorsed my candidacy after it was under way, but I entered the race at the urging of disinterested friends as the candidate of no group or faction. In the critical session of Congress just ahead I shall give my best efforts to representing all the people of the district on the various issues of domestic and foreign policy that may arise...

Author: /time Magazine | Title: THE CONGRESS: Pensions' Progress | 12/30/1935 | See Source »

Fortnight ago in Washington, Dr. Townsend announced that the Townsendites would put a complete ticket in the field in 1936, with candidates for President, Vice President and Congress. Last week in Chicago Dr. Townsend pulled his punch on this third party threat by declaring: "This does not necessarily mean that in all States it would be necessary to exercise the third party prerogative. It is our hope that the attitude of one or both of the old political parties shall change toward the Townsend Plan and that their espousal of our cause will make it unnecessary to exercise the rights...

Author: /time Magazine | Title: THE CONGRESS: Pensions' Progress | 12/30/1935 | See Source »

...Townsendites were evidently out to emulate the efforts of the Anti-Saloon League and American Legion to win endorsements from candidates in exchange for votes. First step was to send letters to every member of Congress asking: "Can we rely upon your help to pass a bill embodying the Townsend Plan at the coining session? Yes. . . . No. ... In the issue of The National Townsend Weekly of Dec. 30 we will publish either your answer to this questionnaire or that you failed to answer. Please be assured that we desire only to correctly inform our followers of your attitude...

Author: /time Magazine | Title: THE CONGRESS: Pensions' Progress | 12/30/1935 | See Source »

Last week in Battle Creek a rival to the Townsend Plan was broadcast. Its name: "Retire at Birth Plan." Its terms: to give every newborn child a $20,000 note payable by the U. S. in 20 years. The note would bear 3% interest ($50 monthly) payable to the child's parents. This $600 a year, plus $1,000 a year for a sinking fund, would cost the Government only $1,600 a year per pensioner compared to $2,400 under the Townsend Plan. If a boy and girl married at 20 they would have $40,000 capital...

Author: /time Magazine | Title: THE CONGRESS: Pensions' Progress | 12/30/1935 | See Source »

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