Townsend Plan touted as cure for 1929 crash in Mount Dora
The Townsend Recovery Plan urged by Dr Francis E Townsend is presented as the sole path to national recovery. It would tax 2 percent on business, create a revolving fund, and issue up to 200 per month to US citizens over 60 who retire and spend within the US on American goods, stimulating buying power and employment. The measure aims to abolish poverty and extend prosperity while protecting liberty and encouraging civic action through Townsend Clubs. TheMount Dora Townsend Club No. 1 thanks local business leaders and invites readers to contact Congress in support of HR 2.