Perhaps you may wonder why the Carnegie Foundation should be proposing to take charge of teachers’ pension money. Well, if you will turn to “The Goose-step,” pages 408-9, you will find how this institution, with an endowment of some seventeen million dollars, has taken the pension money of the college professors of the United States and made it into a club to be held over the heads of professors, compelling them to obey the orders of presidents and trustees. If you will read Professor Cattell’s book, “Carnegie Pensions,” published in 1919, you will be informed about the wonderful insurance corporation, devised by this Carnegie crowd, and run by Elihu Root and Nicholas Murray Butler; the scheme was submitted by “School and Society” for the consideration of a great number of college professors, and was voted down by 636 to 13. And now here are these Carnegie specialists in autocracy, setting the very same trap for the seven hundred thousand school teachers of the United States! Their device is known as the “standard pension plan”; it provides a graded pension, and needless to say the sums are very low, while the age limit is very high, from sixty to sixty-five years, and the term of service required is long, from thirty to forty years. Needless to say, also, the women are treated as inferior animals; their heirs have no pensions, while the heirs of men teachers do have pensions; moreover, the women contribute at a higher rate than the men. Get clear this essential point, that all this pension money is teachers’ money; a certain amount is deducted each month from the salaries of every teacher, and it is of this money that the pension is composed. And, of course, the feature that really counts is the control of the money; you may be sure that under the capitalist system no plan of any sort would be “standard,” that did not provide for the control of the money by those whom God has created for the purpose of controlling money. The essence of this “standard pension plan” is that the teachers have no control over their own pension funds; in all cases this control is in the hands of politicians who serve on the pension board ex officio—the state superintendent, the comptroller, the attorney general, and other leaders of the gang.