California Proposition 1, Retirement Warrants Initiative (1939)
| California Proposition 1 | |
|---|---|
 | |
| Election date November 7, 1939 | |
| Topic Wages and pay | |
Status Defeated | |
| Type Constitutional amendment | Origin Citizens |
California Proposition 1 was on the ballot as an initiated constitutional amendment in California on November 7, 1939. It was defeated.
A “yes” vote supported requiring the state to issue at least 30 $1 warrants for life to all electors above the age of 50 who are not an employer or employee, enacting a 3% gross income tax, creating a state bank to handle warrants, and requiring $20,000,000 of bonds to start paying for the warrants. |
A “no” vote opposed requiring the state to issue at least 30 $1 warrants for life to all electors above the age of 50 who are not an employer or employee, enacting a 3% gross income tax, creating a state bank to handle warrants, and requiring $20,000,000 of bonds to start paying for the warrants. |
Election results
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California Proposition 1 |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 993,204 | 33.94% | ||
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1,933,557 | 66.06% | ||
Text of measure
Ballot title
The ballot title for Proposition 1 was as follows:
| “ | Retirement Warrants | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Initiative Constitutional Amendment. Requires State issue weekly at least thirty $1.00 warrants for life to electors fifty years old, neither employer nor employee, redeemable annually in cash, provided stamps sold by State affixed thereon weekly; warrants receivable for all obligations due State or political subdivisions, and some due therefrom. Incorporates Sales, Use Tax Acts. Enacts 3% gross income tax. Creates State bank to handle warrants; made sole depository for all public funds; requires $20,000,000 bond issue for initial capital. Permits Administrator propose amendments, calling elections thereon. Creates Economics Board. Prohibits courts interfering with administration. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
In California, the number of signatures required for an initiated constitutional amendment is equal to 8 percent of the votes cast at the preceding gubernatorial election. For initiated amendments filed in 1939, at least 212,117 valid signatures were required.
See also
External links
Footnotes
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