The Waterbury Democrat., 1931-02-17
Bonus Passed
 Up to Senate
(Continued from Page 1)

adjusted service certificates to 50 per cent of the full matured value and fixes flat four-and-a-half per cent interest rate on' certificate loans.
 II think there should be hearings before the finance committee" Wat son said. "No one had ever seen this bill before 1t was hurriedly voted from the house ways and means committee. Those who opposed it in the house had only 20 minutes to discuss it.
 Advocates of the bill in the sem ate. however, have served notice they will not permit any hearings They are wiling to permit Secretary of Treasury Mellon to appear We'd r.es6ay to present his views, as sug- gested by Watson. but will consent to no undue delay. Their intention is to report the bill out on that day, with the probability of senate action before the end of the week.
 During the last few days, there has been specialization of senti- ment in the senate behind the house bill. possibly with a reduction of the interest rate to four per cent. The idea is to pass the bill in it's present form so there will be no occasion for delay. Senator Couzens. repub- lican, Michigan, originally an advo- cate of a cash bonus. now is for the fouse bill with possibly a reduction in the interest rate.
 Those who feared delay and a pocket veto by President Hoover. were measured to-day by reports the chief executive had no inten- tion of giving the measure pocket veto but would act promptly, thus giving congress chance to pass it over his veto.
 The assertion of 214 house re- publicans who joined democrats in the hilarious stampede for the bill yesterday was the subject of lively gossip about the capital to-day. It was discussed in connection with the administrations previous firm hold on the house, and specifically in connection with possible veto.
 The huge vote for the bill gen. orally was taken as proof the house would pass the measure over a veto almost as easily as it passed the bill yesterday, The vote was larger than that given the original adjust ed service act in 1924, when the house voted 355 to 54. In passing the original act over President Coolidge's veto, the house voted 313 to 78.
 During the incessant repetition of ''ayes'' as the roll was called, Ma jority Leader Tilson, who sided with Mellon in opposing the bill, sat slumped in his place, his face gium.
 Tilson did not speak against the bill, but Chairman Hawley of the house ways and means committee, who also opposed the measure. made brief speech at the close of debate.
 Two women republicans voted with the administration, Mrs Ruth Pratt. New York. and Mrs Edith Nourse Rogers. Massachusetts.
 The scene was the most dramatic this session. with the galleries pack til Longworth warned that applaus. from the galleries is not permitted.
 Secretary Mellon received atten- tion. Vixen Representative Tread way, republican, Massachusetts called him "the greatest secretary of the treasury since Alexander Hamilton there was racous and hilarious laughter from both sides of the chamber
 Representative Chindblom, re- publican, Illinois, in opposing the measure, called attention to one phase not stressed previously. He pointed cut that if veteran bor- rows half of the value of his certi- tcate and does not pay 1t back. the interest would eat away most of the principal left. Tn the case of $1,- 600 certificate. he said the veteran could collect only $54 at maturity in 1915 if he had not paid the loan. Only 10 per cent of those who have borrowed have paid back the loan.
 The bill permits those who have rot borrowed to get loan of half the full value, while those who have borrowed up to the present limit of 22 1-2 per cent can get an addition al 27 l-2 per cent.
 Moses On The Veto
 Washington Feb 17-(U. P.) - Senator Moses, republican, New Hampshire. discussed the legisla- tive situation with President Hoov- CT in an early call at the White House to day.
 He said afterward that polls show ed the administration would lack two votes of the number. necessary in the senate to sustain . possible veto of the veterans loan bill.
 Moses added he thought all ap- propriation bills would be passed by March and an extra session avoid- w