Salt Lake Tribune | 1906-01-04 | Page 9 | Rockefeller to Pension Aged

ROCKEFELLER TO I PENSION AGED I Oil Magnate Said to Have a R' SctiPinp for I'sp of P Surplus. Ip,; DEVOTE MILLIONS TO Wi PROVIDING FOR THE OLD f ; Considerable Progress Already Kf: Made on Plans for In- B.I dertakiii. E" RoSTthN .ic John d Rockefstlsr M planning snd has under consideration the IbbbbbJ letnlls of a at heme for sn endowment for NNNNNNJ i sgs snslons jlth his surplus millions ' eft' . The plans have not yet taken definite Bbbbbbj shape, but It Is understood that they have bbbbbbJ mad.- considerable progress NNNNNNJ Backing Insures Success. Ht Ne.r m fore has there been such a pplH probability that old-age pensions would IbIbJ Im tried In this country and with a back- It g that will Insure their success. iNNNNJ Knckcfelhr is one of the few persons Nbbbbbj who could attempt to carry nut such a Nbbbbbj stupendous idea, because he has the Im- pplH no fOhina of funds required for a plsn NNNNNNJ of comprehensive proportions. NNH Trird in Germany. V' i-i Germany the fjotfenunefit has Intro pJpjH iluced compulsory old-age Insurance which ppH has the old-age pension Idea about It, be- pNNNH to. Government contributes toward pjpjH the fund, ami In New Zealand the plan Is ppH receiving conalsV ration. Aside from these pipiH lW9 cases the scheme has not advanced PPJH