Page 6
SOUTHERN OREGON MINER
Townsend Topics
—
By Publicity Committee — Asidand Townsend Club
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Townsend Plan Radio Talk
■ of truth and understanding, that
the Townsend Plan stands on its
By R. E. Clements
own feet. The Townsend Plan does
Co-founder and Nat'l. Sec.
not require that the government
In the limited time I have, I
sell bonds or borrow money as
am going to confine my talk to
the government is now doing
It
the transaction tax which is to be
does not call for the printing of
collected to pay the pensions when
new currency or greenbacks We
the Townsend Plan is enacted into
advocate the policy of pay as
law. Before I go into that, how
you go and stop increasing the
ever, I want to clear up, so that j
national debt.
you may better understand how
With this in mind the Townsend
ridiculous is the charge made by
our opponents that the Townsend Plan provides that the pensions to
Plan will, by paying $200 per be paiu shall not be paid from
month to our retired elders, bank-1 loans or other government reve
rupt the National government and nues now collected. It provides
that these pensions be paid by a
destroy its credit.
special tax; and that the monies
This, of course, is false, and is
collected from this special
tax
only made to frighten those who
shall be deposited in the United
are not informed as to the sound
basic principles upon which the States Treasury and used only for
the payment of old age pensions;
Townsend Plan has been worked
out by its founders. Let me re that this pension money, raised
peat, here and now, in the interest by this special tax. shall not be
used for any other purpose; and
that no other taxes, revenue, or
| receipts of the federal government
shall be used for old-age pensions
Let me repeat,
the Townsend
I Plan stands on its own feet.
It
cannot bankrupt the government
|
or the states or destroy the
credit of the United Statin. All
[tensions will be paid front and
only from this special tax. which
is clearly set forth in the bill be
fore Congress
And let me say I further, that as
a safeguard, and as a complete
answer to this f^lse charge
about bankrupting the national
government that* if the amount
collected from this tax is not suf
ficient during the first few months
— or at any time to pay every
qualified applicant $200 per month
then, and in that event, each an
nuitant will receive his or her
share- the total amount to be paid
out. divided by the number of pen
sions to be paid. And at no time
will the government pay out more
money in pensions than there is
money in this special annuity fund.
This wise provision in the Town
send Plan removed all honest fear
that the Townsend Plan might in-
Friday, March 13, 1936
I volve the government's credit or 1929 to lx* l.ldh billion dollars The ever heard of tin* Townsend Plan
funds raised for other purposes. i l'nit«*<l States Department of Com A hearing was held on mat pro
And the Townsend Plan does not merce recently issued a bulletin posal before the Finance Commit-
require any tax to be levied by. or | Maying tout check traiiMacUon a- tee "i the United »tales Senate
on the state governments as is . lone ill 141 cities estimated by the It had the endorsement of th«* big
now required by the present old- Board of Governors of the Federal gest busincHH organizations in Am-
age pension law which has just Reserve System, representing 70 erica Here is what they said a
been declared unconstitutional by to 7ft percent of all checks drawn ti'iiiiMU'tlon tax would d<> In rais
the state Supreme Court of Okla J in the country, amounted to 93ft ing price*. I hold in my hand the
honui. Now that I have tried to j billion dollars in 1929. Tiildng printed hearing of the Senate Fin
make thia clear, let me cxpluin , these authorities, and others that ance Committee of May 20. 1921.
Just what thia special transaction I do not have time to quote, it is On page 3HH th«* incrcuxcd coat of
tax ia and the amount we believe fair and conservative to aay that sugar, because of a i'> tranauction
it will raise.
during times of prosperity,the total tax. ia given as 3 41 percent, fig
Briefly stated, and I must
be volume of business in this country ures furniahetl by Herman Bros ,
brief, the transaction tax called will and has amounted 1.200 bil New York, who are in th«* augur
a turnover tax by some la a tax lion - the figures given by the Fed business, on bread it la given us
levied on every business transac eral Reserve Board's statistical de 2'.; information obtained from
tion every turnover In business partment. Personally, I contend wholeaah* and retail dealers in
The Reseat ch and Statistical De that with the Townsend Plan in N«*w York On beef, founded on
partment of the Federal Reserve i*ff<*ct. the total business In this figures furnished by Armour and
country will
far exceed that Company, th«* increase would be
Board at Washington, in 1932
two years before the Townsend amount. But for th«* sak«* of being only 2’y‘<. on * null (,f clothe*,
Plan w a s proposed
by Dr. conservative • amt taking figures figures given by u New York clo
Townsend and myself gave this from conservative sources - I will thier, the Increase In cost to the
information to the Ways and use 1,200 billion us th«* correct consumer would la* 2 34 percent;
on a pair of gloves. 2H percent;
Means Committee of Congress estimate.
A two percent transaction tax on on :i pair of shoes. 3 3 percent; on
"The total volume of business
transactions in this country in 19- 1,200 billion dollars will produce I an auto lire, 3.2R9 percent; and
2» was about 1.200 billions of dol two billion dollars per month - to 1 th«* machinery manufacturer* frr-
for the
lars” The Dow-Jones business sta put into this special pension fund nislicd tin* information
Seiinie Committee hearing that a.
tistical organization of New York, which I hai i* already <*xplaln«*d
It is estimat«*d that eight million transaction tax of 1'4 would til
reported our business volume in persons could or would qualify for ere. um * th ■ cost to the farmers
the $200 per month That would from 3 to 3*x percent.
Thia is the Information fumlsh-
require one billion 000 million «lol-
i o tie i tailed »tales s* aata 1»
lare a month This would create -
after paying th«* $200 |M*r montn 1921 by th«* largest business firms
to «igtit million penslon«*rs - a *<in - in U m I'nitv.i »taiM oa tha hi
plu of pm . million doll ii i in the ereused cost to the consumer if a
pen *ion fund every month - or five I1, transaction or turnover tax
bill on N00 dollars a year - a sur wax levied against business This
plus sufficient to r« Ire th«* nation offi ini information, given to th«*
al i ebt in five years And th«* fig- Congress in 1921, confirms our re
ure.*i I am giving you are not mine. peated statements that a two ,a*r
cent transaction tax will not In*
;
!«.■ baaed ■ n tin
which I have Just quoted My be ere se consumer costs over 5 to •>
lief la. I repeat, th«* figures which pet ent ua the figures i just gave
1 u. e arc loo conservative Certain- you from thia Senate document
j ly. th«*y arc taken from conaerva- were based on al', tax. and they
are therefore, one-half of what a
| tiv«' sources.
2' < tax would amount to.
( But tt’«unu* these figures and nil
So let me say to y«»u In closing,
c.Mt ncites are tOO iugh In lh.it
thut the figures and statemcnls
i event. w<* have two safeguards
i First, we have figured a mirgit which I have quoted i<> you from
others, from official and private
• of 400 million dollars a month,
sources, g ves to you ami me con
i ib< ve the amount necerxary to pay
crete proof of the questionable
th«* $200 per month. Second, we
‘TAL/AN
ami malicious campaign that the
TOWNSEND TOPICS GAL 2
U
Townsend Clubs of America must
BALM
have th«- absolute safeguard that
me *1 But our cause is just, and
no more money will be [mid out
truth and honesty will prevail
than the two percent
(ü)algreen Sip km Driicj Store
EAST SIDE
3
BIG
SALE
DAYS
Thursday
Friday
and
Saturday
PHARMACY
27c
Hobnail D«»ifn
Genuine
GLASS
SHERBETS
EVERSHARP
PENCIL
Spociolb
Prlcad ........
t'/i-lnoh Platt
to Match............
/GOLD FISH
and BOWL
‘e
Wc
49«
Utet 4-inch square
lead«
3 «rater»
included.
;r..w.17c
\Jeansing
Tissue«
'”^" “*■
■»•«23c
2
with every purchase of
$1.00 or more
HINKLE
PILLS
transact-
J Ion tax will produce So j much for
I that.
I Now let me say a word 1 about the
1 effect of the trsntmi tion tax on th«
. consumer - what would It
I cost the
I consumer it is our contention *hat
j it will not increase the cost to th
'consumer ■
to ♦> ¡>erceni lift
let me give you th«* authorities
First, let me quote Roger Batoon,
I »lock mark* t analyst, well knowr
j nere in New York on this [ artic
ular subje-t H«* says in a «pacta
circular issued last December on
I the Townsend Plan: "It would in-
i ci-ease th«* demand for small hous
es • it will tend to increase empioy-
I m«*nt ax industrial activity ini-
proved to aauSfy new-created pur-
■ basing power it would tend to
I raise wage rates" Anil I remind
you that Mr Babson Is NOT a
supporter of the Townsend Plan
However, he says further in this
bulletin, which I haven't tim«- to
quote further, that th«- Townsend
Plan will raise th«* cost of con
sumer good.* 1ft'; This we deny,
but likewise. Mr itabson has den
ied in the statement certain col
lege economists nnd newspaper
columnists, who claim th«* trans
action tax will increase the price
of commodities 100'z4, or as the
associate «*ditor of a New York
magazine said, .*>00 r.
In 1921, a transaction tax was
proposed and a bill introduced In
th<* Congress calling fo ra \*/t tax
This was over ten years before you
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SHAVING
CREAM
And 10 Po-Do
ALARM
CLOCK
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Beautiful cloiaonette
dial. Accurate and
dependable.
Razor Blades
cama *
Toilet Soap
KOTEX
'*o*^*r*ofz
•” •# 12
2 #or 35c
minerai
43c
YOU CAN SAVE MONEY
TOOTH
BRUSH
F.-0«
PLAYING
CAROS
JERGEN’S
lotion
so«
Six*.......
38c
Treated
<
Brietlet______ .
Perfection
ZAMPHO
CLEANSING
LYPTUS
TISSUES
OINTMENT
500
AW '.«/■««
X9c
Cough Syrup
Campho-Lyptus, 8-oz.
Baume Bengue
75c Size .............. .............
Camphorcfed
^nacin Tablets
5-»*-
37c
si»*......•**
■E
51«
17«
Tin of 12 ...... ________
Bismadine
50«
5-ox. Size
Musterole
40c Siu
47«
18«
Oil, 3-ox Sise ...____
Denta'
Perborate
31«
......... .............
Tooth Powder
REM
Monarch
COUftH
REMEDY
Hot Water
Bottle
a
SOc
Jiz. 4
47«
Cod Liver Oil, Olafsen, Pt.
Halibut Liver Oil & Vit. D,
5cc ...—..................... -.....
Parke-Davis Irradol A,
8-oz..................................
Mead or Abbott Vlosterol,
See..................................
Cod Liver Oil Tablets, 60'«
Halibut L. O. Capsules, 50'«
Cod Liver Oil Emulsion, Pt.
Atlas, Jr.
ANIDON
TABLETS
is2 Tin
BUILDERS
Nose Drops
37«
Campho-Lyptur
57c
Bromo Quinine
Grove'» 35c Size -------...
69« Cough Relief
•C. R." 8-oz. Sir.
wqc
....
89c 75c Ylck’s
tooth
p ASTE
BUY YOUR
47«
T oiletries
Extra Values
Dolph Liniment, 4-oz. 47c
55c Prince«« Pat
Rouge ................... 42c
Lavender Lotion,
6-oz..................
37c
50c Multified
Shampoo
34c
Orlis Tooth
Paste............2 for 25c
Perfection Cold Cream,
8-oz........................... 59c
Orlit Mouth Wash,
Pint............................49c
Gillette Blades 10 for 49c
Syrup of Figs, 5-oz. .. 34c
Valentine Tooth
19c
Brush ...............
Centaur Playing
Cards ....................... 27c
Rubber Buby Pants .... 7c
Psylliu n Seed, lb...... 29c
Peroxide, Full Pint .. 21c
Zinc Stearate............. 18c
Phospho-Comp. Tonic,
Pt............................. 89c
Epsom Salts, lb..........16c
75c Doan's Pills....... 51c
'*1' "‘
o7
m O
J m
Ma9n«,/
< «*
49«
i
milk
'"'‘«nd
47c
PHILCO
NOW!
5 Big Reasons
1. Greater Values
2. Bigger Trade-in
Allowances
$1.00 $11«
LUCKY
TIGER
HAIR TONIC
Hottlo___ _
3. Lower Down
Payments
4. Easier Terms
5. Tree Demonstrations
79c
f
HAH*
OIL
Kt—43c
¿JSP*
Usm*»-C“1H”
Monarch
Shamp°°
Founta»n
Syringe
a.Qi.
^$9 c
siM L »h* »‘•‘r
,
,or one
yasr.
• •J
SM
Raffinali*
I
Il
Chocolates
39c
Í
1
I
I
The most out*
• t e n d I n f
candy
fea*
ture we have
ever offered.
i
J
Fluid
_N*ad'»
1 Se*tri
I Maltose
i fi—.........
The district meeting of P. T. A
units in to be held next Tursday
it Grants Pass A delegation from
Ashland la expected to attend
95c
51«
Vapo-Rub ....
53c Breethex
49c Inhalant
Pertussin
89c 60c
Size
—.
89«
•
The anniversary cr.ebratlon of
Alphn Chapter of the
Eastern
Star has been postponed to March
17, it is announced by Mrs H. C
Sparr, worthy matron There will
be a covered dish dinner at ti 30,
followed by an interesting pro
gram
BROMO
se «- tzer
For Noto Afhc
* Throat
Very .lflcl.nl.
... 16«
nandù H'H shop
Mr and Mrs Donald Caul op
ene<l tile sandwich shop at 279
East Ma'n street Monday night
New decorations have been instai -
led and the shop prenentn a neat
appearance.
37c
ATOMIZER
Drug Needs
Olive Oil, Full Pint .. 57c
Dr. Lyon's
vaJ«ntine
^a,r Tone
FOR COUGHS and COLDS
I SlM______
2U66
WAFFLE
And get this gift, too. A double opportunity
available only during this sale
I
In lox.„ 27«
WASH
CLOTHS
New Lowboy
The Townsend Club meeting last
b riday evening wax well attend-
ed Only routine business was tuk-
eii care of Club No 2 has cunsol-
{dated with Club No 1 and we now
have one enthusiastic Townsend
family in this vicinity Steady pro-
gross is being made fifteen new
members at our last meeting
Every qualified voter should reg-
later and be prepared to vole thls
mil. This Is very important.
You can help the movement by
attending the 1-eap Year dance on
Friday evening the 13th.
fi Chocolateer
rl
Package
69c
°v«r I a
'•»orli., ,nj,,M««(
,r»«la.
*nd *i.w
■ R A Tl H q
™*
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V
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