Show PENSION SCHEME proposal to pay the claims in full A connecticut business man who has a plan thai meets with the Ap eroyal of leading republicans new york dec 22 the u W F bockwell Koc kwell a prominent manufacturer ol 01 manden conn baa in view the of a bill la congress through the commit leo for the funding of the appropriation thu bill according to mr ll prom ieee to te of great benefit not only to the government ROvern ment in the saving of many millions of dollan but to the vast army of mr ll talked about thie plan to president mckimley McK ioley bembera 0 alie ways and means com matiee and pension official all of whom be say e think well of it but they have not decided yet how it would be received by the country pensioners who have been approached by mr on the subject also think well of the idea and are inclined to view it in a liba lie has coE Bolted 1 numerous bankers rom berdal men and life insurance actuaries who approve the boheme aal admit IB feasibility believing it to be entirely practicable it has lone been the idea of con brea said mr la ol 01 his plan to an associated press reporter yesterday that pensioners are dependent whereas a matar of fact the great bulk of them are independent thousands of them are owners of farms in the west which are mortgaged the mortgagee bearing interest anywhere from 8 to 12 per cent my idea is to issue negotiable bonce to the pensioner or to pa them the cash at their option to cover the amount they would receive from the expectancy this would enable them to py off these mortgage thus to them the difference between the rate of interest in any elate 0 per cent and the interest on the bonds 2 per cent this would relieve them from their entanglements entangle ments there are in round numbers abacut persons on the pension rolls and to ti abos who are not owners oi farms the payment of the entire amount which to my table would be due them would enable many of them to ecart in business and this in itself would put into circulation a lai cn amount of money alist would inure to the benefit not only of the community in which they reside but to tha country it would 1 be a areat saving to the government in the matter of aa aries and expenses since it would do away with the office while the only expense the government would incur would be in alie iteline of hie bonds it would alaa do away with pension attorneys who receive from a rood el are of their pen diotis mr rockwell the pension roll ie becoming a greater incubus upon the treasury each year arid that or later must be done with it he believes this idea in R measure will relieve while viewing hi plan in a favorable mr rock adl admits that it ia open for disca eion and be desires to have brought ont any features that may in practicable to that end he invites criticism after the holiday be will have ference with the president and mr alies and the be favorable bis bill will be introduced through the pension committee |