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wa_ JANUARY 2 1036.
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tisements ordered for ir
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I-j}':}'wi; ig maae, The
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nly one incorrect inser-
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ade In person at THE
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letter. Phone discontinu=
are NOT valid.
ANT ADS are payable m
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WANT AD 75
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N et
Lost — Found
h"""—————-""
A Schnauzel Dog, salt and
rel 'mwr\".ni»»}‘—'!Ltv}\_ Name
ddress of OWDEI on the col-
Reward. Phone 1874.
Two Setter DOES, near
< (rossing on Center Road.
hlack and white and one
o and white Notify Bill
ham Athens, Ga., O 1 Bunk
. Brooks Crossing.
For Sale
ALE—Window glass, putty,
V win- Williams Paints, build
naterials, Brick, Lime, Ce
! and Plaster. Christian
: bware, 697 East Broad
S Lt
g SALE—Simonds Cross-Cut
. aleo Kelly Knot-Chopper
Fal Cit Axes. We can
D I‘_‘:, ney on your Hard
requirements. l-';u'max'.?:
| and Hardware Co., 343
Broad gtreet, Phone 1937.
8 — Several gmall Studio
ohts, as low as $lB5. Dur
' .’\}‘.h\i" ("’ S
ALE—Flenty good pigs; dry
stove wood SI.OO and $2.00
(0 Joad; just outside city limits
3 offerson Road. J. T. Fulcher,
ne 552-W. i
) FOR SALE — Reclaimed
1] piano—used only a few
hs. Cannot be told from
m Wil sacrifice for balance
- on easy terms. Durden
Inc., Athens, Ca.
SALE Plantation 1,487 acres,
weres in cultivation, balance
{ ¢ nd hardwoods
[ inty, Georgia, known
N old Jeptha Vining Harris
;r tation; ounded by two
/ e crecks, traversed by Cen
f; Railw has” owner’s five
["B lodge eleven tenaut
| s, eight barns; now tenyg
;’_ ed goir farm, exceptionally
ile Reasonably priced.
ms can be arranged. S. C.
g dler, Madison, Ga.
/S A 1 F—s-V and Corrugated
: anized Roofing is }-‘j]‘fi-}’)'u‘()f
Water-Proof: Irsts a life
Save your bhuildings with
| roofing. Christian HdAW.,
2 pd St Phone 1300,
) R 2
RENT—I6B9 S. Lumpkin, in
I condition, opposite Henriet
o Apartments, $30.00 per month;
S. Lumpkin street, 7 rooms
:; 30.00; 780 W. Hancock, two
Y, avaiable February Ist, at
- 00; Apartment, 5 rooms ard
h, half of desirable hime, 1253
ICe avenue, 530.00
SALE—New Brick Home, two
les, on Pinecrest, now under
truction, fine value easy
18, See Mr. Faddocks, Lips
b-Dearing-Hutchins, Inc. Oth-
MOO values in property.
For Rent—Rooms
| RENT APARTMENT—Three
Our room furnished apartment
: I Lumpkin street school. Im
fiate possession. Phone 1936.
, FOT Rent—Houses
RENT—Five-rocm house, 140
'I TOW Stree garage; good
(“% DPainted wall screened
% f 0 good condition Phone
' +JC A, M Powell .
‘B Auto Tag Blanks
? 1936 Auto Tag Blanks filled
0 y C. A, Trussell
tor Co.
g e e e——————————
} i':]fgd-—-f-emale Help
y »,_“_‘ ‘ “M‘ 5 "‘]‘il"ll to take
i‘fls.‘ e “"‘ of old }l!l"l'“»
bhi ab’s - £ '7‘“" sittings
‘ ¥ i Studio
B Real Estate Loans
- Y 1 to loan on new
i -5 OF Dbusing property.
| ‘lurnish money to
| ) ding new homes.
r letalls, p. 0. Box
NOTICE
{ e 26l to be in be-
W this month with
h L your loan or on deposit.
:"E Federal Savings
| %an Association
' E CICARS
NOW B
v
Bo 2 FOR 5¢
x of 50—51.25
1A BB
°E BY HAV.A.TAMPA
D \\—
ortheast Georgia
obacco Co,
Rubbing Alcohol, pts., 25¢
Rexall Milk Magnesia,
Pints 39¢c, Quarts 59¢
Puretest Cod Liver Qil,
Pints, 89¢
Lamson’s Mineral Oil,
Pints, 39¢; Quarts 69¢
REID DRUG CO.
MILLEDGE PHARMACY
fz The First
10 Old Cars
SO To'Run To bt worTH
$25.00 EACH
ON ONE OF OUR RE-CONDITIONED
Used Cars
Our Cars Have Not Been Priced Up to Make
This Offer Possible, and It Stands Good
Through January.
JUST REMEMBER! ANY OLD AUTO
IS WORTH $25 DURING THIS SALE!
'34 Chevrolet Sedan, with Radio . $495
’3l Ford Fordor Sedan . . . . $275
’33 Chevrolet Sedan . . . . . $395
’33 Plymouth Coupe . . . . . $345
'29 Chevrolet Coach . . . . . $145
34 Ford Tudor . . . . . . . $425
Brunson Motor Co.
CHEVROLET SALES AND SERVICE
—PHONE 1606—
SOUTHEASTERN STAGES, INC.
BUS STATION
—PHONE 626—
Schedule Effective December 15, 1935
Leave Athens— ks
8:00 A.M.—Jefferson, Cornelia, Clayton
8:30 A.M.—Madison, Eatonton, (Milledgeville),
Macon.
9:35 A.M.—Monroe, Atlanta,
10:05 A.M.—Augusta, Savannah, Brunswick, Way
' cross, Jacksonville, Charleston, Wilmington.
12:12 P.M.—Anderson, Greenville, Charlotte,
(Asheville), New York. i
1:25 P.M.—Winder, Atlanta. 1"
1:40 P.M.—]efferson, Gainesville, Murphy.
2:00 P.M.—Madison, Eatonton, (Milledgeville),
Macon.
2:40 P.M.—Atlanta, Points West.
3:27 P.M.—Anderson, Columbia.
4:05 P.M.—Augusta, Savannah, Charleston.
4:15 P.M.—Monroe, Atlanta.
6:25 P.M.—Wi.inder, Atlanta.
7:57 P.M.—Anderson, Greenville.
9:45 P.M.—Augusta, Waycross, Jacksonville, Col
umbia.
10:10 P.M.—Atlanta, Points West.
Main Station 170 College Ave.—Phone 626
PHONE
BLANK BOOKS
LOOSE LEAF LEDGERS
FILING SUPPLIES
CARBON PAPER
TYPEWRITER RIBBONS
RUBBER BANDS
CLIPS
INKS
BOX FILES
ETC., ETC., ETC.
McGregor Co.
i Crioles and swallows are prob
anty the greatest bird extermina
| tors of the cotton-boll weevil.
' SPECIALS!
McKesson’s Shaving
Cream with Razor Blades
| BOTH—23c¢c
Ipana Tooth Paste—39c
| Thermat Heat Pads
f 69¢ and 98¢
'MOON-WINN DRUG CO.
Yy
The
THE BANNER-HERALD, ATHENS, GEORGIA
THE TOWNSEND PLAN
..WOULD IT WORK?
Tax Would Discriminate
Against Goods Made |
" Wholly in America |
BY JOHN T. FLYNN i
Copyright, 1936, NEA Service, Inc.
NEW YORK—The first sixty
‘years will be the hardest when Dr.
Townsend puts his plan on the
statute books. After that it Willl
be all skittles and beer—s2oo a |
month for life. Then when Dr.l
Carrell and the other sclentistsi
add another score of years to our|
lives, we can look forward, to a‘
grand and glorious old age on thei
pubiic payroll. j
This pleasant utopia ig sweep=
ing the c¢ountry. THere are 10,-
385,000 people in the country who
would be eligible for the pension.
And they are all over 21 and can
vote. So congress is going to have
to face the movement and we
might all just as well know pre
cisely what it is about.
The plan is ag follows: Every
person, upon arriving at the age or
!60. will be entitled to a pension or
S2OO a month from the federal gove
ernment. The conditibns will be
(') that ae retire from work; (2)
that he be free from a criminal
Irecnrd; (3) that he agree to spend
|the S2OO within 30 days after re
| ceiving it each month within the
United States; (4) that he does
’not possess an income of over $2,-
400 a vear.
Each person over 60, therefore,
will draw $2400 a year. There are
10,385,000 persons over 60, But the
Townsendites ingist that because
of the conditions; only about 8,000,-
000 will receive the money. This
means it will cost the government
$19,200,000,000 ° a year. This is
twice the present cost of the fed
eral, state, county and t‘own gov
ernments, - ¥
A man and his wife each over
CLEANED AND REPAIRED.
Smoke Stacks Rebuilt:
Complete Sheet Metal Service.
Bailey & Floyd, Agents
MUELLER FURNACES
254 W. Clayton—Phone 106
| FIRE LOSSES
1 Paid for 30 Years
in Athens
JESTER
INSURANCE ot
GIFTS FOR &
ALL OCCASIONS |
Are Prized When
Bought From
| J. BUSH, Reliable, Jeweler,
| 20 Yearg in Business in
: the SBame Stand
| 1685 EAST CLAYTON ST.
HIGHEST PRICE PAID in CASH
"WE BUY OLD GOLD and SILVER
| Form TGL-14, Pursuant to the
| J. BUSH, Jeweler
165 E. Claton Street
‘Licensed on Treasury Department
Gold Reserve Act of 1934,
TERMAT HEAT PADS
69¢ and SI.OO
Electric Heat Pads
Special—s2.9B
Electric Irons—sl.9B
PHONE 1066
CITIZENS PHARMACY
Mattress Renovating
—AND—
New Mattresses
" PHONE 9147
25 H. P. Electric Motor
1934 Ford V-8 Coupe
FOR ‘5933 Ford DeLuxe Sedan Delivery
)10-20 McCormick Deering Tractor
s lE 1528 Ford Tudor Sedan—sl2s
( 1933 Chevrolet Panel Truck
| ; Lumber for Sale
JOE SHEPHERD
OCONEE AND BROAD STREET —PHONE 997
g Serving This Community Nearly
_ {':‘,"‘: ‘il A Half Century
ri-j:yk\ Yal%\ IN ALL LINES OF FiRE, CASUALTY AND
m;:,':ik;__fi' MARINE INSURANCE
ROTECT] r >
4 - 1]
R
RENTING SERVICE AND REAL ESTATE
¢ SALES o R ‘fj
Lipscomb-Dearing-Hutchins, Inc. [ 8% \g
283 COLLEGE AVENUE —PHONE 345— -rigl 3 R
¥y BABY CHICKS — ALL
2 BREEDS!
) } DAY OLD AND STARTED.
b ) HATCHES OFF WEDNESDAYS
- AND SATURDAYS.
S > o 800 K ORDERS AHEAD IF
' ‘ YOU WOULD GET CHICKS
,‘ et WHEN WANTED.
. We do Custom Hatching
y L\ N N
AN COFER SEED CO.
! PHONE 247
The Banner-Herald today presents the most
searching analysis of the Townsend old age pen
sion proposal yet undertaken., In the achpanyo
ing exclusive articie, John T. Flynn, America’s
outstanding writer on economic topics, concisely
gives the arguments for and against thig utopian
plan which “has enljsted the sympathy of millions
throughout the country in recent months,
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The mlflwfl of S2OO a month during old age iured this
throng of more than 5000 Townsendites to a national convention in
Chicago recentiy.
60 will both receive S2OO a month—
§4oo to the family.
| Counties Would Distribute Money
The /money would be paid, ac
cording to Dr. Townsend, in the
following manner: The Federal
lgovfin“xment would send to each|
state S2OO for each person over 60
' its population. The state woula
'send S2OO to each county for all
of ite aged. -‘
| Bnt where would the money come}
‘from? From a tax on the nation.
‘Dr. Townsend proposes what hes
?}alls a transactions tax. The tax|
iwould be 2 per cent. 'This has|
!gheen fixed on because the doctor
| figures that the total business]|
|'transactions of the nation in a!
year—running around $900,000,000,-
000—would yield a sum sufficient
to pay the bill. : |
¢ Every business operation is fii!
i,transaction. The mmex: buys
wheat. He pays 2 per cent on the
purchase. - The baker pays 2 per'
cent when he buys the flour. The
consumer ‘pays 2 per cent when,’
he buys the bread. Buy a theater
ticket, a railroad ticket, a movie
seat, a share of stock—these are
transactions and would incur the
2 per cent tax.
This is a statement of the plan.
Dr. Townsend’'s great argument!
for his plan is that it would end|
hard times. His explanation is very|
simple. These 8,000,000 old peoplei
with $1,500,000,600 a month to]
spend, would have to spend it. The|
lmoney would flow right back intoi
'buslness, increaseing the purchas
{ing power of the nation and stimu—}
} lating every business. g
Inflation Isn’t Involved
The Townsendites insist that the
plan will not create inflation. That
is correct. No fresh purchasing
power will be created, hence there
will be no inflation. But at the
same time they insist that fresh
purchasing power will be created.
Their theory is that they will take
money by taxes from those who!
would not spend it and give it to
old people who would spend it and
thus create active purchasing pow
er,
Will it give us fresh purchasing
‘power? Let us apply the argu
ment to a small number of people.
Suppose there are ten persons who
have wages of SIOO a month each.
That makes SI,OOO a month. That
is their purchasing power. Now
these 10 people are taxed $lO each
in erder to pay a pension to an
eleventh person of SIOO a month.
It is clear that the eleventh person
now has SIOO to spend which he
didn’t have before. But what or
the other ten? After each has paia
a tax of $lO, each hag but S9O to
speng. The ten have s§9oo, the
eleventh has sloo—a total of SI,OOO
which is precisely what there was
before the tax was laid.
“.The $19,000,000,000 collected in
ta%es will be added to the cost of
what the people buy. - Therefore
they will buy $19,000,000,000 Iless.
v 4 “ J:?
B e i
7:’ ;;e*“: - W)
L?‘ R s
2$3A . r»} #A7 »
U\ A
; NY
S NF
DR. TOWNSEND
lvwme the pensioners will buy $19,-
000,000,000 more. The two items
| will cancel each other. There wfll[
| be no increase in purchasing pow- ’J
Tax is Compounded i
What is the purchasing poweri;
|of the people? Last year it was“
| $49.000,000,000. Out of that sum
| was taken in taxes $9,500,000,000
]by all taxing units. Add to that|
another $19,000,000,000 and you will |-
subtract from the purchasing pnw-‘
er of the people 328,500.000,000. j
Those who receive the taxes will j
lspend them. Those who pay the|
taxes will have that much less to!
spend. These high taxes will take,
| more than bhalf of the nation's‘
money income—=s2B,soo,ooo4ooo out
I of s49,ooo,ooo,ooo—leaving only 320,-;
)‘500,000.000 for those who produce!
the wealth, f
The tax, as already expiained,
will be a transactions tax, not a@
| retail sales tax. The difference|
!is enromous. I buy suit for 8302
and pay a tax of 2 per cent. I sell
it to you for S4O and you pay 2 per
cent. The retail price of the sult'
|is S4O. But the two transactions:
| total S7O. Of course I pass the 2
| per cent I pay on to you. You pay |
| that plus the 2 per cent you pay
jwhen you buy the suit. You really
| pay more than 2 per cent. 1t is of
| course far worse than that. " Be
| cause the taxes start with the wool
It Would Not Increase the
Purchasing Power,
Points Out Flynn
the shipper. The fabric maker'l
buys from the yarn maker. The
suit manufacturer buys from the[
cloth maker and so on. And there!
is a 2 per cent tax on each tran-!
saction. The total of the transac-|
tions on a S4O suit may be 3250.{
All these taxes are paid by the]
final customer to the retailer. The|
buyer of a S4O suit might well pay
2 per cent on $250 and not 2 perl
cent on S4O.
Most of the taxes in the endl
would be paid by customers at
retail. And this means the greau
bulk would be paid by the wage
earners of the nation, You could|
not pile $19,900,000,000 onto the
price of goods without improver-l
ishing the workers of the natlon.’
Of course, the pensioners wouldl
have the money to spend which had
been taken from the workers. But
it must be clear that the workers—
the producers — must have the
money before it can be taken
from the pensioners. And if you
improverish them the whole eco-|
nomic system will collapse — thel
pensions scheme along with it. 5
Hoarding is Feared !
Dr. Townsend’s pilan includes)
two essential elements. One is that}
the aged get S2OO a month each.
The other is that they spend it
within the month. If they take
$1,600,000,000 a month from those
who earn and pay the taxes ana
fail to spend it all, effective purch
asing power will be reduced to the
extent that they hoard the money.
Dr. Townsend recognizes this. He
therefore is trying to work out a
plan to compel the pensioners act
ually to gspend their money. The
pensioner will not be given cash.
Instead, an occount will be opened
for him in a local bank selected by |
the government. The check will be
sent to the bank and an a.ecounti
opened for hin: for S2OO. This he,
can get only by making checks ln|
payment of his purchases. The|
bank will not credit him with his!
next month's check unless the 82001
of the preceding month is all drawn
against.
However, if the old gentlemani
wants to save, what wil prevent
him from making a check to his
grocer for $lO to cover a $2 purch
ase and getting the change in cash?
As a matter of fact you have tol
recognize his need for cash. He{
can’t give checkg for street car|
fare, movie seats, a cigar, a cup of}
coffee in a restaurant, ete. He must
have some cash. And you ca.xmot]
check up on his purchases. to see
if he collaborated with his dealer |
to get some cash on a check. It/
would take an army of snoopers |
‘and sleuths ten times as big as the|
prohibition army. ;
There can be little doubt that|
;the plan would not aid the econo-|
‘mic society. That being so it would
‘not help the aged, for since the
'money must come out of the pro
ducing element of soclety, and since
‘the producing element cannot pay
it out of its present purchasing
' power and since the plan will not
increase purchasing power, it woula
Ibreak down altogether. The agead|
|as well as the youngsters would alll
|be victims of a scheme, conceived!
'in good faith, by well meaning peo-
PALACE (Last Times) TODAY
—ON THE SCREEN— | —ON THE STAGE—
TR Ross Russell
& SYLVIA SIDNEY PRESENTS HIS
. . ’:”_B : LATIN-AMERICAN REVUE
. i | “NIGHT IN HAVANA”
R IFUG!TIVE —ACE STAGE UNIT—
s eembnies FEATURING
with { Don Alvarado and His
MELVYHE .) _ South American
P“L. ¥ 7 Marimba Band
ALAN W d Y- { | AND OTHER STARS OF THE
BAXTER . 1 ¥t~/ IH) STAGE AND RADIO
—‘_‘—_——_—‘M
PALACE (One Day) Wednesday
eR AV IS HI NG
- e PR T IN7 O\ NN Y
- I ERENPE:
o] A Worer Bios Hit with ;
@ GEORGE BRENT » GENEVIEVE TOBIN
ALSO—PROGRAM SELECTED NOVELTIES
TODAY STRAND Wednesday
eivievialin BARGAIN AbL -
5 ").; G - 1 15€
/?}/; %fi%—fi%’t »08 _ CHILDREN 2o 3
:?WSs\ ™ » SRR,
L Y] amount st hciaiocts. b LS 4
4/. %y JC?:‘ ifcrxss :‘r e
TR, el o AfeGe U
“Adventureg of Rex and Rinty” Program Selected Noveities |
{ple, but people who do xiot'/hiofl
| how this mysterious machine works,
Gives Imports Advantage
The tax would be a tremendous.
discrimination against all goods
made wholly in America, Thus a
suit which was a home produet from
the sheep’s back to the final gar
ment would have to bear a long
series of 2 per cent taxes on a num
erous series of transactions. But &
suit made abroad and imported
would have to pay only on the one
or two transactions which toek
place in America after itg arrivat.
The Townsenditeg put the cost of
their plan at about $19,000,000,000—
$2400 a year to each of not more
than 8,000,000 people over 60. About
2,300,000 others will be exempt for
various reasons.
But they insist, and with seme
justification, there will be an offset
against this heavy charge. One of
these offsets will be, they point out
the saving of $2,500,000,000 —the
cost of supporting 775,000 inmates
of poor houses. Where these fan
tastic figures come from I do not
know. The last enumeration of
people in poor houses by the census
bureau was In 1923. There were
then only about 51,134 persons 60
years of age and over in alms
houses. It is fair to assume th
did not cost thé people more than
SSOO each. But if we put the amoune
at SI,OOO each and if we assume-t
number has doubled, the total «
would not exceed $100,000,000 )
is very -far from $2,500,000. It 3
be seen, therefore, that this off
set is of no importance.
Job Claims Exaggerated
The Townsenditeg assert that, as
old persons receiving pensions mustc
withdraw from work, the jobs they
vacate would be available for youn
gér men and women. It is diffi
cult to get precise figures on the
number employed. In 1930 the num
ber of persons 60 years and over
and gainfully employed was about
4,000,000, Many, however, Wwere
proprietors, professional men. Here
the advocates of the plan make an
error in arithmetic. They snfi:t
from 10,300,000 persons over 60,
some 2,300,000 who would not. e
ceive pensions because of eriminal
records or because they have In
comes over $2400 a year or will fiot
give up work. Having subtracted
thein once, they cannot smt
them again. ‘They cannot subtract
all of the employed from the re
mainder of 8,000,000. Persons 60
years and over with eriminal ree
ords would be about 500,000, The
gainfully employed with incomes
would be Zbout 1,800,000. Thess
are included in the 4,000,000 old
persons with jobs. As they would
not get pensions and give up their
work, the number who would quit
work would be at the outside 2,
200,000, ;
As we to assume that the retire
ment of these 2,200,000 will create
that many jobs? Some 1,200,000 of
these are farmers. Of course, they
do not hold jobs at all. Their re
tirement would not make jobs for
anyhody-—merely leave a farm vas=
ecant for some other farmer to buy.
What is more, mony of those left
are not employees, They are pro
prietors of .their own small estab=
lishments—llittle stores, service en
terprises of various sorts. Their re
tirement might clear up that parti=-
cular busijness, perhaps, but would
not create employment. It is not
possible to arrive at a figure in
excess of a million jobs which
would be made accessible to young=
er persons. This is something, but
it is very far from the 5,000,000
jobs which the Townsendites claim.
These are not arguments q.gazflat
the fundamental duty of society
to provide for its aged population.
But they have an important beéar
ing on the benefits which will re
sult to the balance of society from
the plan and show the looseness of
the arguments in favor of the plan.
PAGE SEVEN