Show Reader Opposes Townsend Plan Facing insecurity ty and poverty in the de declining lining y years ars of life is unpleasant Panic fills the hearts of the aged and they are inclined to grasp at straws in an effort to escapes escapa the fear that at confronts them Thus when apparently offered a month it is no wonder the they eagerly accept and advocate the incorporation tion of the the- Townsend plan into law They see refuge in intha inthe the tha th plan security and that de- de Censy for which they spent the productive y years ars of f their heir lives inan in inan inan an effort to attain There are few people p-ople who would deny comfort and security se to those whose efforts and liv lives have been n sp spent nt in the development of our natural resources the expansion of our industries in rendering services But we Ve must find a practical plan We Ve must not create false hopes Th Then n our first duty is to learn whether the plan is practical Let Letus Letus us its look into the Townsend Townsand nd Plan Th The Tha 1930 census reported the population of the Unit United States to tobe tobe be he of wl which ch were 60 years of age or over o Of this number Dr Townsend estimates esUm- esUm estimates ates es that eight million would apply apply apply ap ap- ap- ap ply for the tha pension In order to pay a Q month 2400 2400 2100 a year to each pensioner we would require In addition to that sum there must be raised a sum sufficient for ad administration min strati on Estimates of ot the cost of administration vary from two billions to four billions a year The Townsend plan would cost us at least 21 billion dollars a II year or three times the total of all aU revenues re now received by he Federal Government To be be- continued E. E F. F EVANS |