Indianapolis Times, Indianapolis, Marion County, 17 December 1936 — Page 5
COMPENSATION ‘LAW HELD AID - T0 EMPLOYERS ,
Act Reduces Turnover Labor, Jackson Tells Manufacturers.
in
The Indiana unemployment com- | pensation law will result in greater
THURSDAY, DEC. 17, =
NTIRE STORE C
“HT TILL
CLOTHE A NEEDY GIRL
$5.31 $7 44
GIRLS 2 TO 6 YEARS GIRLS 7 TO 11 YEARS | Coat and Beret 1 Winter Coat and Beret | Pair Bloomers 1 Dress 1 Dress 1 lair Bloomers 1 Pair Hose 1 Pair Shoes 1 Pair Hose |] Union Suit + Union Suit 1 Pair Gloves 1 Pair Gloves 1 Pair Shoes
CLOTHE A NEEDY BOY
a en UU
SERED CFS
$7] 68
BOYS 8 TO 18 YEARS 1 Sheeplined Coal C
a Pair Shoes \ ] pale Panis
1 Sweater 1 Pair Gloves i Pair Hose
$5.22
BOYS 2 TO 8 YEARS i ] Sheeplined Coat er Suit
SN
Union Suit
air Gloves r Shoes
stabilization of employment because under its terms employers profit by Having low labor turnovers, accordmg to Clarence A. Jackson, State Unemployment Compensation Division director, " He made the statement before members of the Indiana Manufacturers’ Association in the Columbia | Club today . He explained that under the law, | five-sixths of the contributions made to the unemployment fund by anh employer and his employes goes to the employer's individual reserve account When the reserve account equals 10.3 per cent of a year's pay roll, | after 1939, the employer's rate of eontributions based on his pay roll will be reduced from 2.7 per cent to 2 per cent, he said.
Rate to Be Cut
When the reserve account reaches | 13.7 per cent of a year's pay roll, the employer's contribution rate will be eut to 1 per cent, and when it fraches 17.1 per cent of a year's pay toll the contributions to the unem- | ployment fund ceases, It is obvious,” Mr. Jackson said, "that if employment is steady, benefits necessary to be paid from | the reserve account will be kept to | & minimum and the reserve account | will grow quickly. “The individual reserve account! of an employer under the Indiana | Unemployment compensation law is not an asset which can be put up| as collateral at the bank, but it is | an asset or liability which stockholders will inquire about when considering the value of their inv vest- | ments.” | { | |
Employes each year, beginning in 1837, are to pay a raie equal to onehalf of their employer's rate, except | that the employes rate can not exeed 1 per cent of their wages, | Benefits from the unemployment fund, he said, are to be payable to | eligible indiviluals after April 1, | 1938,
FREED FROM GERMAN | PRISON, STARTS HOM
| By United Press |
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BERLIN, Dee. 17. — Lawrence Simpson, American seaman sentenced to three years’ imprisonment | on treason charges, will be released ! And sent to the United States, on! parole, aboard the United States | Hiner President Roosevelt Dec. 22, it Was understood today. Fuehrer Adolf Hitler granted clemency to Simpson, who was con- | Victed of trying to smuggle tre eason- | able Communist literature into Ger- | many from the liner Manhattan, | aboard which he was arrested.
2 LOCAL MEN NABBED ON GAMBLING CHARGE
Two men were to face gambling | charges in Municipal Court today following their arrest by police last fight Homer Petro, 34, of 2017 W. Mich- | fgan-st, was charged with violating | the 1035 slot machine law after Officers said they found two slot ma- | chines in his poolroom at 2228 W. Michigan-st. They also arrested Clayton Tate, 35, of 708 E. Oth-st, on an advertising a lottery charge, they said
CHAMBER TO HEAR " G. M. VICE PRESIDENT |!
W. 8. Knudsen, General Motors | Corp. executive vice president, is to speak at the Indianapolis Chamber of Commerce industry night dinner | in the Claypool Hotel tomorrow | night, Mr. Knudsen, with other officers of the corporation, are here to at-|§ tend dedication of the Chevrolet | Commercial Body Division plant at | 2,30 p. m, tomorrow | The dinner, according to William | H. Book, chamber be a stag affair,
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COLLEGE CHIEF TO TALK William Gear Spencer, Franklin| Oollege president, is to speak to- | morrow noon at the Optimist Club lincheon in the Columbia Club. | Charles T. Moreland is to preside | at the last meeting of the year, according to V. Ernest Field, program | director [ { -- - {
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LAN LAR AC BA AV HAR A MAR AR AR A LA LAR A PR
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rave A GIFT CERTIFICATE!
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or
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wenn T Qe
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ors. Sizes 6 to 16.
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mat EL
50c¢ to
\
550
in, 0 i
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Men’s SHIRTS and DRAWERS
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