The Republican. [volume] (Oakland, Md.) 1877-current, 1962-03-22
Senate Cloakroon
~ J. GLENN BEAIL
United States Senator hem
Maryland

Savings and Loan Associations
Are Safe-And sound, and are a
credit to our country, with a very
few exceptions. The percentage of
bad ones is very small There are
thousands of good ones throughout
the land-hundreds in my own
state When | exposed a couple of
bad ones-an action followed by
litigation against a few others by
the Post Office Department and
the Department of Justice-I made
it clear that the great rank and file
of savings and loan associations
were above reproach AS follow
up TO my expose of one outfit (Which
incidentally was operating a mail
campaign from abroad i asked the
heads of several Federal agencies
for the answers to certain questions
designed to help me decide whether
or not a Wholesale investigation was
indicated. A study of the responsive
and detailed answers caused me to
decide that Congressional inves-
tigation was not called for. | con-
eur with Attorney General Robert
Kennedy when he says, mo evil
dence has been disclosed on ma
tional scale of improper operations
of savings and loan associations. y
Chairman Joseph p McMurray of
the Federal Home Loan Bank
Board echoed my own feelings
when he concluded letter with
this statement:
1T would be most. unfortunate if
the general public confused the few
bad companies with savings and
loan associations throughout the
nation which are complying with
State and Federal law and regula-
| ton and are making a major con-
tribution to the nations social and
economic well-being"
We Already Have Medical Aid
Do you know that in the last six
months of 1861 medical aid was
given to more than 1900 Maryland
people over IS who were not able
to pay for their own medical care?
This was done under the provisions
of the Kerr-MillS Act, passed by
| Congress last year. | believe this
law deserves continued support and
improved augmentation. 1t pro-
videS for financing through
"matching-funds' arrangement.
Without even giving the present
law half a chance, the Administra-
ton is presenting for passage of 4
new law, one which would put medi-
cal aid for the aged under Social Sc
curity. boosting the Social Security
bite out of every pay envelope, fore
ing all the people working under
Social Security, including the poor
and needy, to pay for medical aid
for those who do not need help, in
GLIDING wealthy people well able to
pay their own way, many carrying
adequate insurance. Putting every
body who is under Social Security,
| wealthy and poor alike, into a
forced government medical plan
would be, in my opinion, socialized
medicine-part and parcel of social
ism. About 80 percent Of our citi-
Zens over 65 are covered by some
private medical insurance or are
well off financially and quite able
to pay their own way. Only 10 per-
cent need help and they come I'M
der the provisions of the existing
{ Kerr-Mills law. The legislation pro-
posed by the Administration would
furnish medical care for 100 per-
cent of the people under Social Sc
curity, not just the 10 percent who
need help.
The present participants of our
]
Social Security program will col
lect, it is estimated, at least 300 bill
lion dollars MORE than they are
paying in. This is not the time to
think of adding a wasteful scheme
of forcing financial aid on people
who do not need it.
Social Security was conceived to
provide that restitution should not
result from death, unemployment
or old age of a worker. 1t was never
intended to supplant private saw
ings. It was never intended to sup
plant pension plans or insurance.
A Farm Car With An Iron Hand
Practically everybody says the
IL