The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-29
INSURANCE FOR
JOBLESS URGED
IN SWOPE PLAN
Head of General Electric
Lays Program Before
Nations Scientists.

BIZ United Press
ATLANTIC CITY, N. j., Dec. 29.-
Creation of great unemployment
insurance reserves as a method of
stabilizing the social structure was
urged by Gerard Swope, president
of the General Electric company, at
the convention of the American
Association for the Advancement of
Science here.
Cooperative provision of four
forms of insurance, in which work
er would join with employer, were
stressed by Swope. These fields, ac-
cident, death, old age, and en-
ployment insurance, he held, should
be thought of in terms of years
rather than on weekly or hourly
basis.
1t was in the relatively newly con-
sidered field of unemployment in
surance, however, that Swope made
his major proposal. He outlined the
program of approach to national
sterilization.
Plan Is Outlined
1. We must decide in what vol
ume and what kind of products we
want industry to supply and how
to have industry organized to be
of service.
g. We must secure for workers in
industry an assurance of minimum
employment per year at compen-
sation adequate to enable them to
live in accordance with a standard
of living that we want to maintain
and can maintain, with the require
ment that the employees themselves
analyze, understand and accept
their responsibilities, and contrib
ute toward solution of the prob
lem.
3. Where we have not advanced
far enough to give assurance of en-
ployment, unemployment reserves
should be built up and maintained
as a separate reserve by each unit
4. Every employee who receives
less than a specific compensation
shall contribute to the plan.
5. The employers contribution
shall equal or exceed that Of the
employees.
6. Provision of minimum wait
ing period before such benefits be-
come effective"
7. To have the minimum of such
benefits adequate to provide fol
food shelter and clothing.
8. To provide such benefits ovel
a sufficiently long period without
calling on the state or society fol
relief or charity.
TechnOcracy Upheld, ASsailed
9. To make provisions for sucf
unemployment emergencies as may
transcend the usual periods of I'M
employment, which can not be me-
by the regular unemployment re-
serves, by calling on all other en-
ployes of that particular organiza-
ton for contributions and also or
the employer for similar contribu-
TONS"
Professor Walter Rautenstrauck
head Of the department of indus
trial engineering of Columbia uni
versity and a member of the 'tech-
nocracy" group, stressed the human
element in the study advanced by
the group of which he is a member
He argued that "the problem Of
personnel is perhaps the most vita
of ALL"
Charles P. Kettering of Dayton
O., ridiculed certain phases of tech
nocracy and described as "nonsen.
steal" the idea of building an auto
mobile that would last for fifty
years. He declared that a $4,000
automobile of today would be worth
less in ten years, even if never used
because of style and model depreci-
alton.
1--WE hear a lot about democracy,
he said THE only thing have
to say is that I wish I had some OF
its sponsors as my competitors in
the automotive industry"
James w. Angel, professor of eco
Monies at Columbia university
urged action by the federal reserve
banks tending to relieve unemploy-
ment by indirect control of the to-
tai money volume of business.
The old Egyptian idea that liner
was the "purest" of textiles is borne
out by the fact that linen is the
least favorable medium of any tex.
tile for growth of germs.