Evening star., 1932-05-03
Consideration of New Money
Proposal Starts Thursday
Behind Closed Doors.
PATMAN MAKES ATTACK
ON SECRETARY MILLS
Backing Tax Plan Favorable to
Own Interests Charged.
Crisp Defends Him.
BY the Associated Press.

BY the Associated Press.
The House Ways and Means Commit
tee today closed all hearings on cash
payment Of the soldiers bonus and will
meet behind closed doors Thursday to
begin consideration of the $1,000 900, 600
new money plan.
Today'S bonus hearing was converted
into a dispute over whether Sec
retary Mills had influenced the incor-
poration Of provision in the tax bill
under which the Secretary Of the
Treasury would profit by revaluation
Of his fathers estate
Representative Patman, Democrat
Texas, a leading advocate Of full pay
ment of the bonus, charged before the
Ways and Means Committee that the
secretary would get millions and said
the action would amount to an inside
burglary of the Treasury"
Democrats and Republicans on the
committee came alike to the defense
Of Mills.
Acting Chairman Crisp said the Sec
retary declined to comment on the pro-
vision because he would be a beneficiary
under it. TTeadway, Republican, Oi
Massachusetts,; Doughton, Democrat, oi
North Carolina, and Chindblom, Repub.
hcan. Of Illinois joined in behalf of tht
Secretary.
Patman Offers to Change Plan.
Patman was attempting to refute tht
arguments of Mills and Eugene Meyer
chairman Of the Federal Reserve Board
have made against the issuance o.
$4,000, 900, 900 of new currency to redeem
the outstanding bonus certificates. HI
offered to modify his plan to provide
for the issuance of bonds, which HI
said would control the expansion.
Turning then to the Secretary, th'
Texan assailed the section Of the ia,
bill which allows 18 months for revalu.
Der l. 1928, and January l, 1882, to al.
low for depreciation in value due to thu
period of economic stress.
When this bill was pending before
the committee it was not suggested thai
the date set In the retroactive provision
would permit the revaluation Of Mr.
Mills fathers estate" Patman said.
Members Of the committee objected
Immediately to Patman's testimony.
Treadway Joins Crisp.
Several witnesses urged that pro-
VISION" Acting Chairman Crisp said
Secretary Mills said he did not care to
comment because he would be a bene-
hciary
when on the floor I found that
80, ,009 estates would be affected by this
provision voted to strike it out Of the
bill"
Treadway said he considered Patman
'is slapping this committee very un-
fairly when he says we have been in
huenced by Government officials"
That is incorrect" Treadway said
I feel the witness ought not to make
quite The statement he did"
Doughton interjected that Mills at
titude was not subject to criticism"
On the statement of the acting
Chairman I shall be very glad to ex-
onerate the Secretary of the Treasury, -
Patman said. Il will withdraw the
Chindblom quoted from the tax hear
lngS to show that when questioned on
the estate provision Nils sad that be
the boom the Treasury does
not propose to make recommendations
of any kind"
Inspired Propaganda Charged.
Earlier Patman CDemocrat), Texas,
charged that flood of inspired prop
uganda" had been loosed in the country
against the cash bonus payment.
Patman opened rebuttal testimony
before the committee. He said SO per
cent OF the American Legion member
ship favors the payment.
Patman presented huge newspaper
advertisements against the bonus.
I have tried to find who is paving
for them, but cannot" he said. "The
newspapers will only say they received
1915 for printing it,
Patman also said pressure had been
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