Montana labor news., 1935-12-19

I AOulA lAANAN 10y "AANAAAA&N HAA
haps by as much as 20 per cent" Once
men were freed from the thought Of
poverty in old age, they would produce
more efficiently and consume with grea-
tier stability. This could not but re-
suit in a savings Of Billions and Bill
lions OF Dollars to Big Business and in
creased wagesl With wages raised.
the farmer receiving real money for his
products, and industry prospecting, there
will be a curtailment Of hundreds Of
strikes with their attendant loss Of
thousands OF millions OF dollars, with
their terrific loss OF man-hours and an
increasing labor unrest, with resultant
Istrife, bloodshed and loss OF lifel
p. Suicides, taking more human toll
than the American loss OF life in the
late World War, will be made unnec-
essary to as great an extent as is hum
anly possible
p. Unquestionably, the Railroads,
who now owe the American Govern
ment, in other words, the American
people, billions OF dollars, could be re-
Ihabilitated and that industry, the lar
gest in the Nation, would be made self
liquidating through the Townsend Plan.
The people who would receive these
annuities would certainly travel. Thou
sands and thousands OF extra men, now
waiting in vain for work, would once
again put IN their working clothes.
q. In the enactment Of the Town
send Plan, We have the surest guaran-
tee yet proposed against all subversive
forces. 1t is not hard to understand
this growing resentment when it is
learned that in sixty-two of the most
representative industries and factories
in the United States today, the aver
age weekly wage is but $21.l6, while
the average yearly salary alone OF ex-
ecutives OF those companies is over
seventy eight thousand dollars Nam
es upon request.)
"a. The forced retirement OF these
annuitants who receive these monthly
annuities will open over four million
jobs to the young and middle-aged. In
addition to this, Government statistics
tell US that the spending OF $500 a mon
tn will create n job Tor somebody.
Is. The velocity OF circulation, rath-
er than the amount OF money in circu-
Iation, is responsible for prosperity In
the Townsend Plan we have a certain
and steady velocity OF circulation The
dollar velocity in 1929, according to
Dow ZONES was 132.58l In 1884 the
dollar velocity was but a trifle over p.
Here again is proof positive OF the value
OF velocity.
20. 1880 census gives l0,300,000 citi-
zens, who by reason OF age would be
entitled to this pension, with a prob
able 100000 whose income is in ex-
cess Of the $500 per month annuity.
That, with the retirement of $780,
900 OF the remaining 100000 from gain
full occupations, there would at once
be created openings for approximately
100000 men and women. That the
regular expenditures of $500 per mon
tn throughout the year creates a new
job - with 100000 a%nnuities expend-
ing regularly $500 per month, there
would be 100000 more new jobs Great
ed, which would absorb 100000 Of
the 100000 and thus practically re-
establish normal employment. That
this whole condition could be brought
about in 90 days time That this re-
employment of labor would greatly re-
duce the amount now being expended
for relief. 1t would also reduce crime
and would wipe out the entire loss Of
labor by reason OF Unemployment
There, citizens OF America is the testi-
mony OF the State OF Arizona. Other
States have already passed memorials
and more states will soon do so.
u. The Townsend Plan would fur
thermore give to America and its one
hundred and twenty-three million citi-
zens the highest standard Of living the
world has ever known.
%. Honor Thy Father and Thy
Mother is but one OF the ten COM
mandements,
%. Section 8 OF the Constitution Of
the United States Of America says ;
81. The Congress shall have power :
To lay and collect taxes, duties, inn
posts, and excuses, to pay the debts and
provide for the common defense and
General Welfare of the United States ;
but all duties, imposts, and excuses shall