The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-01-18
FRIDAY, JANUARY I, :,

w VI pSbc %
Against i the tax impo..,
federal law, a credit, ' pr q
cent of the tax, sbo ny ;@N
lowed for the money rV y D.
er has paid to the me- ns ts
authority as contributing ,
employment compensate
poses pursuant to State 'i 10.
credits edits however, should IsT ~,
mitted only if the STAT, 'a u
Grating with the feders.r 80
ment in the administr.:$;,,. 90
employment comncn r,,@a 4
pending the money r, ,%,.@
for benefits, and is d s,sS.
contributions as coIIs pussy,
unemployment trust f n,Sa 4
United States treasury 'l
If a state. t. erromr..
cation Of cmplovmcTr,' ' 2
particular industries or ~. Y;
to have individual! rcscrys s;s E
anteed employment accom-, "
accounts to be kept by !:
authority, but with deno. ~
funds in the I'M. ed Sta r,., :
ury) or allows lower r1,s ss = ,
tributions to employers ~, I
ing such indiyidua! acco~.
the basis of their favoraSis
rience, an additional credi, l
the amount contributed IN K
ticular year may be- gra,.f
the federal act. We recar'
however, that sucu credit
lowed in all cases only on ::
dition that the employee = J,
charged in full his objiga,,.
der the state law and CONF; ,,
pay at least one per cen, !,
pooled state fund. Furtbs
an employer with an irs.f
reserve account before ~
entitled to any additional
must have and maintain =, ~
equal to at least Is Der 20
his payroll, and an emvIovs
a guaranteed employment, gI
a reserve of Z - per GEM
payroll; while no addition, i,
for any reduction in rate, III
to a pooled state fund mar i
lowed until after the ~, ?
has been in operation 10
years.
To encourage etficien. ..,,
tration, without which urs
ment insurance will fail .s
plish its purpose, We beIiw
the federal government .g,
the states by granting b.
cient money for proper u,
tration, under conditjM sy
to insure competence g...r i
Among these conditieF y
selection of personnel 1,,s,
basis vital to success. !. i
recommend that as a 49,
both of grants-in-aid for y.
tration and of the allow
any tax credits for p2
made under any state ul;-
ment compensation act, tx.
must have accepted the pgr,
of the Wagner-Peyser AG
lie Employment Service a,
vide for the payment OF una
ment compensation thrOuI
public employment offices
lished under such act. Agj
aid for administration wo.
create any new burden on
eral government, as 1t We
paid for by the amount Of A
tax over and above the CT:
lowed for contributions 70
funds.
AS an essential part Of "a
eral law, it should be natt
quirement for any tax cretsI
all moneys collected for 2
ployment compensation F.h
under state laws (inc!ud.H; ?
credited to individual Iniaa.
company accounts) be d'I3
as collected in the treasaEE 4
United States in a trust %
to the credit of the state {.
invested and liquidated as ~
rotary of treasury may IN
to time direct. Withdraw !
the fund are to be made 'i
unemployment compensaa-
poses, under regulations % :,
scribed by the secretary
treasury. 81.
The plan of unemp!oy"'[l
pensation we suggest. !:
experimental. We antIe'PI
it may require numerous,
with experience, and We J
is so set up that these chss,
be made through subseqa',gt
lation as deemed neceSsal: I
are to wait until every2n =, i.
ested in the subject Is J. :.
ment as to what is a peFi's" =,
ure before enacting unrH.i'.
compensation legi$Iatlon. =,
will be a long and un"'''
postponement of action
Drive Out the PosuD.
When regular bowel n. ~,
$50 81 n rrNlfIPI w.