The Waterbury Democrat., 1935-05-22

cans he II receivine from his
government RELIEF and assistnnce
in ore Of many f0rtAs-I hold
that able bodied citinen, because
he wore a uniform and for no
other reason, Should be accord.
ed no treatment different from
that accorded to other citizens
who did not wear q tihiform dur.
ing the World war.
Equality TO All
The third reason given in the
first whereas clause Is that
payment to-day would tighten
the felief burden Of m,inicipaii-
ties. Why, ask, should the
congress lift that burden In re-
spect ofiiy to those who wore \
the uniform? IL It not better
to treat every abie-bodied Amer.
! lean alike and to carry out the
great relief program adopted by
this congress In q spirit Of equal
ity to ail7 This applies to every
other unit Of government
throughout the nation.
The second whereas" clause,
which states that the payment Of
certificates will not create an adj
diti6hal debt, raises funda-
mefital question of sound finance.
To meet q claim OF one group by
this deceptively easy method Of
payment viii raise similar de-
mands for the payment Of claims
Of other groups. 1t ID easy to
see the ultimate result Of meet
ing recurring demands by tho
issuance OF treasury notes. It
invites an ultimate reckoning in
uncomfortable prices and in the
destruction Of che value OF say.
ings, that will strike most cruel
ly those like the veterans who
seemto be temporarily benefited.
The first person injured by sky
rocketing prices Is the man on q
fixed income. Every disabled
veteran on pension or allowance
is ON fixed income. This bill
favors the able bodied veteran
at the expense Of the disabled
veteran.
Must Meet Obligations
Wealth is not created, nor Ii
1t more euuitably distributed by
this method. A government,
like an individual must ulti-
mately meet legitimate obliga-
tions out of the production of
wealth by the labor Of human
beings applied to the resources OF
nature. Every country that has
attempted the form OF meeting
Its obligations which - mere
49,
provided has suffered disastrous
consequences.
In the majority Of cases print
ing press money has not been re.
tired through taxation. Because
of increased costs, caused by in
flated prices, new issue has fol-
lowed new issue, ending in the
ultimate wiping out Of the cur
rency Of the afflicted country. In
a few cases, like our own in the
period OF the Civil war, the print
ing of treasury noets to cover an
emergency has fortunately not
resulted in actual disaster and
collapse but has nevertheless
caused this nation untold trou-
bles, econoimc and political, for
q whole generation.
Obligation Due In 1S45
The statement in this same
second "wheras" clause that pay
ment will discharge and retire an
acknowledged contract obligation
OF the government IS, regret to
say, not in accordance with the
fact. It wholly omits and dis
regards the fact that this con-
tract obligation Is due in 1915
ana not to-day.
II I, as an individual, owe you,
an individual member OF the
congress, one thousand dollars
payable in 1916, 1t Is not cor
rect statement for you to tell me
that / owe you one thousand
dollars to-day. AS matter OF
practical fact, If I put $3.50 into a
government saving bond to-day
and make that bond out in your
name you will get one thousand
dollars on the due date, ten years
from now. MY debt to you to-
day, there, can not under the
remotest possibility be considered
more than $3.50.
Spending OF Money
The final whereas clause,
stating that spending the money
is the most effective means Of 4
Fastening recovery Ii so Ill con-
sidered that little comment Is
necessary. Every authorization
Of expenditure by the Seventy
third Congress in it's session of
1898 and 1884, and every appro-
priation by the Seventy-fourth
congress to date, for recovery
purposes has been predicated not
on the mere spending Of money
to hasten recovery, but on the
sounder principle of preventing
the loss of homes and farms, OF
saving Industry from Dankrup,cy'
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