Word: socialism
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Dates: during 1950-1959
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With the return of prosperity. Alberta Social Crediters built a sound, conventional administration. In 1947 the discovery of vast oil deposits provided a new bonanza; the government cashed in handsomely from the sale of exploration and drilling rights, and from production royalties. The cash surplus rapidly outgrew the province's debt. This year Manning's government declared a cash dividend of $22, payable to every adult citizen who has lived five years in the province...
Convert to Success. In neighboring British Columbia, Cecil Bennett, a hardware merchant and Tory politician, forsook his old party in 1951, joined the new Social Credit movement, led it to two straight election victories. He built roads, lured industries, cut the provincial debt and this year installed his own form ot giveaway: a $28 tax forgiveness for every homeowner. Bennett has masterminded Social Credit's plans to win national sway by nominating as many as 170 candidate: in Canada's 265 constituencies...
...observers rate Social Credit as a threat to the long-entrenched Liberals who held 168 seats in the last House of Commons. But with energy money and luck they conceivably could elect more HP's this year than the Conservatives (50 seats), take over as the official opposition...
Comic Eddie Cantor, 65 last January, was set to join the small roster of well-heeled showfolk collecting Social Security old-age benefits (some others: Francis X. Bushman, Marjorie Rambeau, James Gleason). Whenever Millionaire Cantor and wife Ida get their monthly $161.70 (for any month in which Eddie earns less than $80), they will forward it to a New York boys' camp where Cantor gamboled 53 summers...
...foreign nations. Though no moneymaker, it has as impressive a board of advisers as any corporation going-former Senator William Benton, Economist Beardsley Ruml, onetime Assistant Secretary of Defense Anna M. Rosenberg, Psychologist George Stoddard, President Robert Hutchins of the Fund for the Republic, and Social Scientist Ralph Tyler. Last week it was sporting another big name: Chairman-elect Adlai E. Stevenson...