Evening star., 1932-04-16
YOUNG OPPOSES
BONUS CASH PLAN
Patman Told Printing Money
Is Not Sound and Health
full Method.
BY the Associated Press.

BY the Associated Press
Owen D. Young today telegraphed
Representative Patman, Democrat. of
Texas, that while favoring an increase
IN money volume he does not con-
slider printing currency to cash the SOL
diers' bonus a sound and helpful
method.
Youngs telegram, in reply to one from
Patman, said:
Sympathetic as I have always been
toward prepayment of adjusted service
certificates TO meet the needs of vet
erans, believe now that it is imp ssible
to increase the budget OF the United
States by 100000 900 to meet such
payment and that an attempt to do so
would be injurious to the general wei
fare.
While I believe that an increase in
our money ~ Ime, which includes bank
credit as we.H as currency, is essential
10 increase our commodity prices, and,
therefore, highly desirable, I do not
think that the printing of money and
the distribution of 1t in payment of
service certificates is the sound and
helpful way to increase our money
volume"
View Seen Favorable
Patman, who is leading the fight for
immediate cash payment of the S2,4O0,-
/ 100000 bonus, said he considered
Youngs telegram favorable to the cause,
Mr. Youngs Endorsement of prepay
ment and the expansion of the currency
ale very favorable to our cause, as these
factors are the principal things in our
proposal" Patman said.
MI. Hoover says the bonus plan is
lost He is the same man who pre-
dicted job for everybody, a chicken
Tor every pot and two cars for every
garage, and said prosperity was here
10 stay and poverty banished for
ever.
L believe the country believes Mr..
Hoover is false prophet"
Hearings Resume Monday.
Hearings on the bonus payment will
resume again Monday. with Patman
continuing to present witnesses in be-
half OF his plan House leaders mean
time are formulating a list of expert
witnesses and war veterans to appear
in opposition 70 the plan.
War veterans will lead the list of wit
DRlOTP
the House Ways and Means Committee
against cash payment of the soldier
bonus
This was determined by House leaders
yesterday in preparing to withstand the
onslaught Of veterans and organizations
representing former soldiers who have
appeared this week in numbers to ask
the S2000,000 10000 Federal outlay.
The decision was taken about the
time it was learned President Hoover
is convinced the Senate will stop the
bonus bill
Johnson in Opposition.
Royal c. Johnson, Republican Repre-
sentative from South Dakota, will open
testimony for the opposing side. He
rose from the ranks to obtain a COM
mission and decorations in the A. E. r
For years he was chairman of the
House Veterans Committee. Other
veterans will be followed by Government
financial experts, including Gen. Charles
G. Dawes, president of the Recon
struction Finance Corporation, who also
boasts a distinguished war record.
This strategy of pitting veteran
against veteran was adopted as advo-
Gates of the bonus rejoiced over the
news that Representative Bankhead of
Alabama, one Of the Democratic chief
tains, will support the legislation if it
reaches the House floor.
Bankhead emphasized that he is not
ready to sign a discharge petition to
force a House vote on the bonus. He
sale he is opposed to such procedure,
but if the bill comes to the floor with
proper safeguards against undue infla-
ton, the Alabaman will vote for it.