Townsend National Recovery Plan, Inc.

The Townsend National Recovery Plan, Inc. was founded as Old Age Revolving Pensions, Ltd.

From the guide to the Townsend National Recovery Plan, Inc. records, 1935-1945, (Oregon Historical Society Research Library)

Private pension plan founded in 1934 by Francis E. Townsend as Old Age Revolving Pensions, Ltd.: in 1936 changed name to Townsend National Recovery Plan, Inc.; by 1952 known as Townsend Plan, Inc.

From the description of Townsend National Recovery Plan, Inc., records, 1939. (Unknown). WorldCat record id: 70981044

The Townsend National Recovery Plan, Inc. was founded as Old Age Revolving Pensions, Ltd.

In 1936 changed name to Townsend National Recovery Plan, Inc. and by 1952 it was known as Townsend Plan, Inc. It called for a federally funded program offering retired people a monthly stipend.

From the description of Townsend National Recovery Plan, Inc. records [manuscript], 1935-1945. (Oregon Historical Society Research Library). WorldCat record id: 731984984

The Townsend Plan was proposed in 1933 by Francis Townsend; it called for a $200-a-month pension to any retired person over sixty; it was to be paid in scrip and spent within a month; funds were to be raised by sales tax; bills to establish the Plan were brought up and defeated in Congress many times; the movement lost headway after passage of the Social Security Act, 1935.

The Townsend Plan Incorporated was established in 1934 and incorported under the laws of the state of CA by Dr. Francis Townsend and Robert E. Clements; the organization, with National Headquarters at Cleveland, OH, was divided into 12 regional districts; local organizations consisted of a district council for each Congressional District within the region.

From the description of Records, 1931-1961. (University of California, Los Angeles). WorldCat record id: 40298927

Biography

The Townsend Plan was proposed in 1933 by Francis Townsend; it called for a $200-a-month pension to any retired person over sixty; it was to be paid in scrip and spent within a month; funds were to be raised by sales tax; bills to establish the Plan were brought up and defeated in Congress many times; the movement lost headway after passage of the Social Security Act, 1935.

Biographical Narrative

The Townsend Plan Incorporated was established in 1934 and incorported under the laws of the state of California by Dr. Francis Townsend and Robert E. Clements; the organization, with National Headquarters at Cleveland, Ohio, was divided into 12 regional districts; local organizations consisted of a district council for each Congressional District within the region.

From the guide to the Townsend National Recovery Plan Records, 1931-1961, (University of California, Los Angeles. Library. Department of Special Collections.)

The Townsend Plan was an old-age pension plan idea proposed by California physician Francis E. Townsend in 1934, prior to the enactment of Social Security. Townsend located his national headquarters in Cleveland, Ohio from 1946-1956.

Source: Encyclopedia of Cleveland History: http://ech.case.edu/ech-cgi/article.pl?id=TP1

From the guide to the Townsend National Recovery Plan, Inc. records, 1934-1960, (Special Collections and University Archives, University of Oregon Libraries)