| Show AS OTHERS SEE IT G LD AGE REVOLVING TENSION PENSION LTD editor roosevelt standard the old age revolving pensions ltd of lon beach california a non profit bearing organization or of which dr P F E is the founder and president is a movement to relieve all persons who wkho uie aie citizens of the united states over 60 years of ago age and who have never been convicted of a felony from ill all fur further ther economic worries by giving them a federal pension of per month upon condition that it must be spent within the month of its issue within the united states for fol goods and service and that the person drawing the pension will withdraw from all it remunerative employment of every kind he or she must live the cie remainder of their life without doing any productive work the pension is to be derived from a sales tax low on necessaries arid and high on luxuries it is 15 estimated that there aie persons in the U S A over sixty years old and that about halt half of the number would apply tor for the pension therefore putting about one billion two hundred thousand dollars in circulation for goods and service each month this amount of money revolving continuously would stimulate trade tra je in all lines of industry put idle men to work make anake a macket for the grocer the baker arid and the candy maker the farmer the dairy man and in tact fact it would immediately end the depression arid and everyone would be prosper ous the fundamental cause of this depression is that there is insufficient money in ciraula circulation tion the people cannot buy abuy hence the producer and the dealer cannot sell hence the stagnation through out our whole economic structure there can be no logical argument against this plan if there be let us have it I 1 would advise that some mile energetic citizen in every community immediately get in touch with old age revolving pensions ltd american avenue long beach california then organize and get copies of the petition to congress and secure all the signers that ran can be seared so that ne ae can bombard congress at the beginning of the next congress that meets in january 1935 the head office estimates that they will have at least signers when the congress meets let us get more every adult should not hesitate to si sin n such a petition because c a us e every person would be bene fitted through such a system A E EDWARDS I 1 myton utah |
