Indianapolis Times, Volume 46, Number 252, Indianapolis, Marion County, 1 March 1935 — Page 23

MARCH 1, 1935.

TOWNSEND PLAN FOE IS HECKLED DURING HEARING House Committee Session Ends Abruptly on Sour Note. A public hearing on the Townsend old-age pension plan ended on a sour note last night when nearly 300 advocates of the system booed an opposition speaker and heckled him off of the House of Representatives’ floor. • I endured this sort of thing once before. There isn't any order here; this meeting is adjourned,” said Rep. Harry G. Strickland D., Greenfield*, acting chairman of the Hn . e Federal relations committee. Advocates of the pension plan had asked the Indiana General Assembly to pass a resolution memorializing Congress to adopt a bill providing lor Townsend pensions. E. J. Speake. Townsend Old-Age Pension Association state director ana chief spokesman for the plan, declared before the committee the plan would raise the standard of living, eliminate the necessity for relief, and would insure the employment of 12.000,000 men now on relief rolls. Claims Many Barkers *‘Our plan provides that the Federal government pay every person past 60 a jjension of S2OO a month on the condition that they retire from gainful employment and spend all of this money.” Mr. Speake said. ■Money to pay for this pension system would be raised by a transaction sales tax which would not place & burden on any class. “This means the employed would" pay 2 per cent of their total income to support the pension system,” he declared. “This would not work a hardship, since the increase in busiIfless activities would more than &ake up for this levy.” he claimed. “There are 30.000.000 people behind this plan now. and there will be 50 000000 before 1936.” claimed L W. Heagy, Belmont Townspnd Club president. “Show us where fhis plan isn't workable. It will add two billions to our circulating money medium.” When Clyde White. Indiana University economist and State Commission on Governmental Economy secretary attempted to point out defects in their plan, members of the audience heckled him until he was, Jbrced to leave the floor. Uses Cold Statistics Dr. White claimed that there jrould not be enough sales transactions to finance the pension system. "Counting such things as stock transactions and brokers loans, you people are still way off on your estimation of the weekly sales transactions that could be taxed.” he said. “All you could possibly do would be to spread income and lower the general standard of living.” he declared. “This plan means inflation.” .Answering with cold statistics the emotional claims of Mr. Speake that the Townsend ran would do away witJf: pocrhouses and bring *a ecoliojbic Millennium to A the aged p. inpie. Mr White nret t<os and cat Ci tils. jPu/zled by the abrupt ending of tti- meeting, the a red people filed sf lowly out of the ch mber explaining over and over *o each other the “wonderful plan which must be adopted.” T STUDENT PARLEY TO OPEN AT BUTLER 120 From 14 State Colleges Here for Conference. The anrual spring student confero--_ 0 { the Y. M. C. A. and Y. W. C. A. cabinets in Indiana was to oppn at 1 this afternoon at Butler University. More than 120 students frem 14 state colleges and universities are expected to attend the twodav session. The theme for the conference is •A Parley oh Economics.” B. A. Bchnell. state student secretary, arranged the program.

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THE INDIANAPOLIS TIMES

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