How Old Age Pensions Began to Be

Cover How Old Age Pensions Began to Be
How Old Age Pensions Began to Be
F Herbert Francis Herbert Stead
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A hint of approaching Spring.
I have just referred, together with the uncollected arrears of this year's income tax amounting to, £750, 000, which will make a total of at least £2, 250, 000, and an additional sum from the increased Estate Duties. '' Pensions were, after all, coming into being in 1907. Not paid out to the aged, but paid in to the Treasury. We were glad to calculate that every day as it passed was to secrete on the average £6, 000 for Pensions. Every day there was being stored, s
...o we reckoned, a year's pension of 5s. A week for 460 pensioners. True, another year, or perhaps two years, of needless suffering must be endured by the aged, in order that our superlative national credit might be made more superlative, and that our comfortable middle classes might be made more comfortable. But the money for Pensions was actually rattling into the nation's coffers. That was our consolation. Knowing, as we did, the temper of the House and the temper of the country, we had little doubt about the Government — barring war or earthquake or other unforeseen convulsion — being forced to legislate before 1908 had passed.

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