The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-20

suit of fourteen months work the part of distln-
guished committee of Senate appontees, among them j.
Douglas Brown (chairman), Henry Bruere, Paul H.
Douglas John P Frey Theresa S. Mcmahon, Philip Muir
ray Josephine Roche e R. Stettnius jr Gerard Swope
and Matthew VOL.
The council devotes all its attention to the old pen
sion part of the Social Security Act. The Senate
mttee that appointed it ruled the unemployment insur-
part of the act out of the councils consideration
Maybe the Senate committee felt that unemployment
insurance is entirely K is We don't feel that way
or that it will be K until employees we'll as en-
poyers contribute to the unemployment insurance funds
so that both will be equally hot for its honest handling
And we hope friends of the best and broadest Social
Security Act attanable will keep plugging for this reform
However, the Advisory Councils old age pension rec
concentrations look good.
Most important of these from point of view the
recommendation that the act be boadened as to bring
about 14,8OOOOO people under its protection by
194O About AZ 100000 are covered now.
The additional 14,8OO,OO0 would
PENSIONS Tor divide up as follows: Farm employees
sc onn nm 100000; domestic servants, 6O00,
OO'000""' OOO employees of profit chart
able religious and educational organizations 2OOO,OOO
national and State bank employees, 100000; sailors,
100000.
Why these groups weren't included from the start,
clerk at IS is certainly old and usually ripe for
retirement a steel worker reception clerk at Co.
So is farmland, cook, sailor or worker Tor some
foundation. Aside from the mechanical difficulties OF
keeping track of farmhands and cooks throughout their
careers, reason for "exemptlng these
people from Social Security.
Next in Importance it, the Advisory Council
advises that the date for payment of the first regular
old age benefits under the Social Security Act be moved
back from January l, 1912, to January l, 1910.
1t turns out from the Advisory
OLUTt FUyHy Councils findings that this speed
In Another Year up of payments long advocated
' by lot of people including
selves is financially feasible By 194O there should be
reserve of $500 100000 for payment of old pen
sion claims and for the pensions should be coming
in at rate of $500 100000 year.
The get these pensions in operation, the
start making in industry for
workers in their best years. by retiring older workers to
of leisure and comfort they deserve.
The Advisory Council also recommends steps for cutting
down the paper of SAT 900 OOO which would
build by 1870 under the law written and which
N has been giving various economists night
OO''9ooo Such reserve it is believed, would
Better Act be unnecessarily large in the first place,
and would be crushing lightweight
our entire economic system, though made of moth
ing but Treasury IOUs.
We think Congress had better put these recommends
lions its earliest orders of business when it
venes after New Year. We need social security for the
bulk of without baseess exemptions" And we need
to head off, by sound legislation the various crackpot
pension schemes of the Townsend school, any one of
which contains enough daydream dynamite to blow
entire economic and social setup full of holes.