THE CONGRESS: Loss & Profits

Since the Townsend Plan burgeoned some 18 months ago, editors, columnists, economists and a few brave politicians have devoted thousands upon thousands of words to denouncing it, ridiculing it, exposing its fallacies. Except to advertise it, all this has had no effect whatever on the Plan. Terrifying to Congressmen, the ranks of Old Age Revolving Pensions, Ltd. have swelled & swelled as oldsters from coast to coast planked down their 10¢-per-month dues in the happy faith that they would soon be getting back $200 per month from the Government. Last week the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!