Toledo union journal. [volume] (Toledo, Ohio) 1942-current, 1950-11-17
Look At You Now
Page Four
IF YOU HAD 100000 in the bank at 2


Not even if you knew you could only draw the
interest every month, and have to leave that
$6O, 900 alone
Well, Mister Millionaire, that's what you
HAVE got Some of you have more.
That 500 month that's waiting in the
bank for you for the day when you retire,
is per cent interest every month on $4,000 =
and that 81 200 you get every year is per
cent interest on $685. 900. And it'll be waiting In
the bank when you're ready.
That's the way rich people figure it. They
get some money in the bank and they don't
figure they have it ALL. They just figure on
the INCOME from it. And to make sure OF the
income, lot of them sock it away In govern
ment securities that pay even less than z per
cent - even less than 500 on $4,000 every
month.
Tt makes lot of difference to you, when
you come to think of it,
There was a time before the UAW-CIO
got working ON pensions for you in the To
ledo area, when feller could be TOO OLD to
retire. Since he didn't have any money stashed
away he had to keep working where he was.
II he quit, at HIS age, he'd never get another
job. Too old
Same thing with the health insurance plan
you've got.
Before the UAW-CIO began to win health
and accident and welfare insurance there were
a lot of people in the union TOO SICK IO
SEE DOCTOR!
That's right They knew perfectly well that
the minute they saw doctor, he'd tell EN-
they had to quit working. And if they quit
working, they'd have no income at all, and no
way to pay the doctor either.
But look at you now!
You not only have 2 per cent interest wait
ing for you in the bank on the equivalent OF
$4,000 against the day you retire = you've
got your doctors bills paid for you in advance,
your hospital bills paid for you, and AN IN
COME WHILE YOU'RE OUT SICK!
For 26 weeks, while you're out getting over
what allied you, you draw $50 under the To
ledo Area Health and Welfare Plan. Figure
that one up. 1t comes out $780, if you have to
use it all Know what that is? That's per cent
interest on $4,000 - just to live on while
you're sick The $50 week figures out at
per cent interest on 81 500 every week.
But that isn't all The doctors bill gets
paid, the hospital bill gets paid, and you not
only have inc ON e, you don't have any
anxiety.
There isn't any way you can figure the
interest on that.
So members of UAW-CIO in Toledo, where
they have fought for and won pensions and
health insurance, have the same security as
rich people = people with money in the bank.
They have the same protection that thou
sands of bucks in the bank, drawing monthly
interest would give them
Maybe that's why the people who Do have
money in the bank resent it so, and fight 1t so,
and spend hundreds of thousands of dollars
trying to block this new progress your union
has won for you in the Toledo area.
What's the good of being rich if the work
ing people are just as well off as you are?
So you can chalk one more package up for
strong and democratically directed unionism
Your union in Toledo went out and got exactly
what your membership told it to. In the Mil
waukee Convention, the delegates told the
uniOn tn % ont and get pensions. health in