Indianapolis Times, Indianapolis, Marion County, 24 August 1938 — Page 4
U.S. OFFICIALS | © MOVE TO CURD © PENSION PLANS
. ‘Utopias’; McAdoo Reiz ceives ‘Warning. °°
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} WASHINGTON, Aug. 3¢ (U. BP). —Govérnment officials acted quietly ¢ today to halt the revival of or “Utopian” old-age pension schemes. RE ~ Only a week ago President Roose- |: k ho velt warned publicly that there are “no shortcuts to Utopia.” Meanwhile, Social Security Board officials were not a little alarmed by the plans which will be issues in forihcoming state elections. Chairman Arthur J. Altmeyer of the Social Security Board has’ \ ‘warned Senator William Gibbs Mc3 * "Adoo (D. Cal) that the “$30-every-Thursday” proposal in his state would be disastrous to business. He questioned its constitutionality and asserted that it was not “econom- « ically sound or feasible.” Mr. Alimeyer wrote Senator Mc=Adoo, in reply to the Senator's re- - quest for the board's opinion, that the present State-Federal old-age assistance plan for™ needy aged would be jeopardized in California by the transfer of state resources to eligible persons over 50 who, regard_less of need, would receive the ~ 2. larger amount. Townsend Attorney Is Foe
Senator McAdoo’s opponent for the Democratic Senatorial nomination is Sheridan Downey, who was ~ ‘attorney for Dr. Francis E. Townsend’s pension organization wheh : it was demanding $200 a month for \ everyone oyer 60. The proposal has been placed on the ballots by the signatures of 800,000 Californians to an initiative petition. Mr, Altmeyer estimated that at least one million of the 1,600,000 over 50 would be eligible . for the weekly payments at a cost » of about $1,560,000,000 a yer or| nearly four times the amount now collected in State and local taxes. The plan calls for issuance of warrants to the beneficiaries by the State. A two-cent redemption stamp would be affixed by the current possessor each week. Mr. Altmeyer’s experts computed that 2,500,000 Californians would have to pay $625 a
Styled for Miss Teen's’ Every School Activity
Regulation and . saddle oxfords. |
year apiece in these new taxes. e Business Effects Feared Kiltie tongues and square . he : eg “The fundamental premise be- toes. <3: o Pye Satned their right hind this proposal appears to be Five-year-old Mary Schorr, at # th me Bi we , for the theory that business will be shoe t sturdy a stimulated enormously through the| top, of Baltimore, Md., chose mid- and Cine America as increase in the income of individ- | night to climb out on a window , Ek and suede. Black, Fe ariind anywhere! Longuals above 50 years of age who re-| ledge in her thirdsfloor home. She brown or beige. da seit Soles a i id it became frightened, screamed, and ® with mothers for poi : “There probably would be an in-| clung to the ledge several minutes ; years. Added to this, they're
crease in prices because of the in-| before she fell. But as she dropped, troduction of this new medium of | John Siejack, below, who had exchange. However, economists |
Happy the foot that wears a Sears sport shoe! Crisp autumn weather is
correctly built to young feet along de to health. And well styled,
run out of the tavern he operates too. t : generally are agreed that the effect the proving ground for youngster \ on business and industry would be| 8cross the street when he heard the type of shoes offered wouldnt fancy the blucher disastrous.” 3 Mary's cries, raised his arms and in this group . . . proof of ord . . . the shawl °
Initiative petitions have been| caught her as a football player
tongue with stitched vamp completed in Arkansas and North
and quarter . . , Take With g- the £vpey
Dakota to provide $50 and $40 a| “_oreS @ ball. Maty ls pictured perfect comfort. Every seam oxford . . . or the ; above safe and sound. after her many other att month, respectively, for the aged, one of these shoes will do : styles in Attractive compared with the $30 maximum,| three-story fall. “I did only what right by you in your a¢- A Smile What ot on our “Biltwel” line! toward which the Government pro-| anyone else would have done,” tive moments—and there ; : Ly or elk in black or : vides $15 for needy aged under the| commented Mr. Siejack, former are many others besides Young America Wh. Sizes 8% to 3. 1 Social Security Act. wrestler . the “clever numbers ‘ . ; K It appeared probable also that a : sketched. Sizes 3 to 8. Gives Them! *H petition will place on the Washing- : : ton State baliois a referendum on Men’s and Women’s & pensions perhaps as great as $100 4 | monthly. Agitation for a similar CLOTHI NG a referendum is under way in Florida. ON EASY CREDIT g
kin & i : ASSISTS IN ATTEMPT || 17°: WsximroN #r.
TO BREAK OWN MARK Raia IR adit 2 | Poland today to sssist three Fousn| BULLET
stratosphere fliers in an attempt ¥ | ; ao to break his altitude record next ; Fe i 9 © month, ; INDIANAPOLIS Yt . ~ i It’s all in the interest of science,” : : ; | 3 he said. “The more flights madé, T ’ GROWING LADS ft 18 : : 3
. TO the more we know. If they fly their i balloon successfully they'll break the TERRE HAUTE record by a couple of miles. The difficulty is to launch her.”
eo __1ut i T ._ The Polish balloon has a capacity GS 1 Round ; - > ol cme | $910 ox For High or Prep School
million cubic feet larger than the
balloon in which Maj. Stevens and 28 Maj. Anderson ascended 72,375 feet ® Cheaper than Driving
in 1935 at Rapid City, S. D. Maj. ® Avoid Highwey Hazards
Stevens will serve as technical adviser to tHe Poles, but will not ac- * company them up. B E S AFE SHE GOT A BARGAIN CLEVELAND, Aug. 24 (U. P).— AND SAVE A man bustled into the Theatrical Grill downtown and asked the
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Just 20f a Dozen New
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waitress, Helen Netzler, whether e from yo Shed ike Jo yu mo suitcases INDIANA hat do nr ght Toot ang Co eap.” ss Netzler one look ¢ they'll give! ular rrectl »: 5 at the luggage and screamed, “why, R A | L R oO Ja D €r style pi in buch . erly i o made ani ne those are mine. They were Stolen b retan leather. ae same time, they give your : out of a car last week. Give them hY | 4 hy 4 E Y] welt, No. / burse a break. Monk stra . J ig here” The thief did, and fled. an compo sole. Sizes 1 | evel moccasin Kiltie : ‘e 5 : : : et : . —in black patent or bro no Ts I in i : Suede or leather. va £ Wf 3 Gl W C R 7 . Sizes 8% fo 5° 0 : \ i \ < $ iid
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iwi PERMANENT? . “SANDY NEVIN JR" FOR YOUNGER MEN |
Thurs., Fri. 1 y To Prove to You Bat
Our P perior We Wil ¢
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601—Roosevelt Bldg.—601
