The Daily Banner, Greencastle, Putnam County, 2 January 1937 — Page 4

THE DAILY BANNER, G KEEN CAST ^ E, INDIANA SATURDAY, JANUARY

ginning Jan 1. which employers and employes will divide. Every employe will find 1 per cent of his salary deducted henceforth from his weekly pay check, while employers will pay an additional 1 per cent of their total payroll. Tax experts estimate that this new i levy will bring in approximately S247.00C.OOO this year. The money ' will be kept in the federal treasury as it accumulates, to be handled by the secretary of treasury, who is directed to purchase government securities with the accumulated fund. ! thur. shifting the huge government debt from the hands of private individuals and bankers to the government itself. Prime purpose of the program will be carried out through payments of monthly benefits ranging from $10 to $85 to workers who have retired from their jobs at the age of 65 after contributing to the fund. Actual payments begin Jan. 1. 1942. Total benefits in that year are expected to reach $52,800 00. increase to $371,500 000 in 1050 and reach the operaing level of $1,341,800,000 by

19.73.

Tax payments, however, will also have increased to 6 per cent by the time the program becomes operative in 1942. with employers and employes each paying a 3 per cent payroll tax instead of their current 1 per cent Thus, the new tax will have three

effects:

1. It will make possible nearly universal retirement of workers reaching 65 years of age through the monthly benefit payments to contri-

butors.

2. It will make possible shifting of the government’s public debt, now totaling $34,000,000 000. 3. It will create a huge fund of reserve cash which congress can use in case of emergency. Inauguration of the old-age pension program was the second major point of the administration's effort to create social security. First was the unemployment compensation plan, for which employers will pay a 1 per cent tax on their 1936 total

payrolls.

Under this program co-operating states will receive 90 per cent of the money paid into the federal treasury by employers within their respective

U. S. HEADY AS BOOKKEEPER Co-operating in the plan will be in-

FOK 26 Mil.I.ION EMPLOYES dustrial and commercial employers

ON SO, IN.. SECt'RlTY ROLLS a„., ,„« r .n.ploy,, .—Mia, ^ ^

i and the federal government. The WASHINGTON, (UP) The gov- ' sweeping program, enacted by the

ernment has completed plans to put | last congress, is expected to insure into operation with the beginning of the nation's wage earners against

the new year a vast social program— old age insurance for some 26 million

of the coun'ry’s workers.

poverty in their old age.

First step in the program was levying 2 per cent payroll tax, be-

They Met Death in Air Crash

bute the funds under their own administration to unemployed workers eligible under the federal program. Workers in states w'hich have not nualified under the federal program by setting up an acceptable unemployment compensation program of

cal »ing for information on the type >f business conducted, business adIrt dses, and the number of persons ■muloyed. Cards were returned in iv • days and the actual classifica-

io i task was begun.

Next, on Nov. 24 postmen delivered >ld age pension applications to the :6. *00 000 workers. These blanks ve e distributed to all wage earners 'xi ept those specifically exempted in h<i social security act seamen, agr ic iltural workers, domestic serv- j in’s, railroad employes already unlei another government pension systei i. federal or state government emik /es and members of staffs of nonrpu'it organizations. These classes we ’e exempted at the request of treasury department officials, who isnerted it would be an “administra-

tiv • impossibility”

from them or their employers.

Xo Foreign War

There is one New Year's resolution upon, which all Americans can agree. It is this-The United States of America resolves to participate in no foreign war Pacifists and militai-

to collect taxes | ■ ^ jn the s)ogan No Kor -

em them or tr.eir employers. | ei War Ame ncans will not allow 'Hie world’s largest tiling: system. 1 ^ . nnn inV a(iimr

. , ^ r a for*M£n enemy to put one invaamp

•n ♦he security board’s Baltimore of- , . same to-

. . . *. * 'foot upon our sou. By tne same

fiC". then was put into operat.on and ^ ^ that no American poy ea. h worker was assigned an accoun ^ ^ io mareh upon for . number and the monumentaltask of , ^ ^ . jea of a foreifpl war keeping records on 26.000.000 lives ^ ^ ^ ^ headg wa 4 underj.vay^ ^ , geHoui statesme n fear America will

be drawn mto a war.

FARMER AT 77 NEVER HAS

TRAVELED BEYOND 25- j I hr an! Philip Kerr, now Lord .MILE RADIUS FROM HOME Lothian and one of England's ablest : liberals, argue that there is actual JASPER. Tex., (UP)—The life of danger of war between England and George Glenn. 77, fanner of the'the United States. Remember. Temple community. 12 miles south of ( Lothian is a staunch friend of our here, is crowded with things he never country. He pointd out that if Enghan done. . ,iand were involved in European or He and his 75 year old wife. Mir-[other conflict, and the United States anda. live quietly on their farm, con- f were out of it, England would use entc-d and satisfied with their job of ,her navy to keep food, arms, and •earing a family of seven children, (supplies from reaching her enemy. ;ix of whom are living. (The United States, a neutral, would

Glenn, like his wife, is a native of

Newton county where they lived in one home for 44 of their 56 years if married life. Glenn lives within 20 miles of the

insist upon its rights as a neutral. We would demand freedom of the seas. But the British navy would interfere with that freedom. That interference in turn would re,luce the

N'eches river, but never has seen the ( profits we might make from war stream. He has never visited a large trade. Our business men from our ’ity. A 25-mile radius covers the j working men would demand action xtent of his travels. He has never against Britain. Lord Lothian feared

■een any towns except Jasper. Newron, Burkevillo and Kirbyville. He has never seen a movie, silent

that no party in power could withstand that political pressure. Similarly. he stated, if the United States

or talkie, never viewed a county fair ' were in a war and England were out ir show of any kind. He has never i 0 f jt. we would use our navy to see iwned an automobile does not like | that f(KKl anTls an(1 SU pp| i0S j it | not them because they frighten his horse. ^ re ach our enemy. England in turn He has never been injured severe- ^ would demand freedom of the seas, y—suffered no broken bones, has But W e would interfere with that >eer only slightly ill. I freedom and in turn reduce her profGlenn has ridden on only one train jt„ p{ er business men and workers from Kirbyville to Jasper to serve w'ould demand action. Lothian there-

in p. jury. Mrs. Glenn

fore urged united action upon the part of Britain and the United States

in such matters.

ill and with eyes fail-

ng her. is the traveled member of

the family. She has visited Houston

Flag Does Not Follow Dollar

and will receive no benefits. Five of their children, two sons I doubt that we want to accept his While the old-age pension itself ac- and three daughters, live in Jasper aolution. There is a better way. That tually starts with the new year, the county near the couple. The sixth. a public opinion that demands no gigantic behind the scenes adminis- a son. lives in Houston. foreign war. Let us repudiate the ■ trative task was begun several weeks Coolidge detrine that the flag follows lago when the social security board DAZED MOTORIST SAVED. th<> dollar. What does that mean? | began the task of indexing and class- M VT< HMAN FALLS DEAD n ‘to 6 -'’ not mea n what it says at all. ifving each of the nation's 26.000.000 j * | 11 nieans that Americans engage in , eligible workers. | MARYSVILLE O. 'UP> An hero- business overseas Sometimes they I In this wav the board will seek to j ic dash to flag a speeding freight themselves are responsible for stirkeep an accurate record of these 26 - tram saved the life of a dazed motor- |'Ih? up trouble. Then the marines 000,000 lives—employment, where ist trapped in his wrecked machine in eo Nicaragua. In the case of in1 and how long: wages received: and the train's path, but caused the death >^ ernal ' ona * war - *t means that amount nsid into the government's of a 58-year-old crossing watchman, j American boys go to some foreign security fund. The watchman Raymond Orahood. [country to protect the dollars of I The stupendous ioh began on Nov. fell dead as he brought the train to a American investors. The flag does 16 when the postoffice department halt in time to prevent its crashing no ^ follow the dollar. American distributed blanks to 3 500.000 em- into the automobile, wrecked from dip o n foreign soil to bring the ployers subject to the payroll tax. another collision .dollar home. That is what it nieans. As a matter of fact neither the boy

nor the dollar comes home.

Work Speeds on Two Memorials

We left

our boys in Flanders and in France We left our dollars there too. We.

Mr. and Mrs. Edward Ford, Jr. When a giant airliner crashed in a ravine northwest of Burbank Cal., two of the 12 victims were newlyweds. Mr and Mrs. Edward T. Ford, Jr., who w ere on their honeymoon. Ford, a resident of San Marino, Cal., was the son of the president of the Grace Lines Steamship Co.

Governor s Son on Honeymoon

the uncultured Americans, were received with open arms and itching ! palms. Wo gave our sons and our gold. We saved the world for Hitle:-. Mussolini and Stalin. No more foreign wars! That's a good start

| fo/ tlvi New Year.

This slogan applies to Asia too. Expanding Japanese imperialism is likely to collide with Russian communism. The collision may occur upon the soil of disintegrating Chinese feudalism. It will bo said. If Japan seizes Chin.- she will gain control of the Chinese educational system. With that weapon in her hands she will train 400.000 000 Chinese to think in terms of East ruling West. Japancs will control the East and before long the United States will face nearly a billion yellow, brown and black men moving toward the West in a march that will put Ghcngis Khan to shame. I do not fear this terrible prediction, because I do not beli-ve it to be true. I do fear the conclusion that will be drawn from its erroneous assumptions, namely. We must fight someday, let us fight now and win. No, no foreign war! Japanese imperialism will find China no tea party. And the proletarians of Japan may give the jingoists something to think about in days to come. Perhaps the hammer and sickle of Russia may occasion a Japanese bow that will be less from courtesy than necessity.

Mr. and Mrs. Paul Curley - Her. Paul Curley, son of Gov James M Curley of Massachusetts as he appeared while honeymooning with his bride of a few, davs' the former Marie Phillips of Waynesboro Ga known to Now Yorkc ££?. as Lilian Duval, night club entertainer

While construction nears completion or< one memorial to a noted American, plans are rapidly taking shapi for a memorial to another equally famous On the slopes of Cheyefine mountain near Color&de bpnngs work is progressing at a rapid rate on the shrine erected in tribute to Will Rogers, comedian ani commentator. Menlo Park. N J., site of the original laboratory oil Thomas Edison, was chosen the location of the tower which will ((•fnmemorate the achievements ^ of the famous inventor, and construction will start next spring

General Smedlev Butler says he is done collecting debts for Wall Street He tells us drtnericans marines under his command were used for that put pose He says. Never again, is no pacifist. Ho would resist the invader Cut he shouts. No foreign wars. Humorously he calls for battleships that can sail five hundred miles. Tiic-fa far enough to keep in-

t.on* Will,am D. Leahy, right, new chief of nava ttrin«» hls P osition ' the first to wish him well wataken m £ d,Tliral William H. Standley. left. Thi* ph Washington as the navy a new commander wa* U

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