The Waterbury Democrat., 1935-05-08
Legion To
 Back Patn1an Bonus
tCOntiuued from Page ID

tCOntiuued majority necessary for similar ac- tion in the senate. They anticipat, ed a veto within the next 10 days,
 Majority Leader Joseph T. Rob- inson said:
 q don't believe the senate will override veto. The vote on the Patman bill indicates that"
 The vote on the Patman bill call- ing for payment of $2,250, 1000, 900 to veterans in printing press money, was 55 to 33, four short of the two-thirds majority necessary to override a veto.
 Senator Pat Harrison, chairman of the finance committee, whose compromise proposal was defeated earlier in the day, obviously was pleased by the outcme of day Of parliamentary maneuvering.
 Kills Hope of Bonus
 "In my opinion" he said, "this action kills all hope of any bonus this session. I haven't doubt in the" world the President will veto this bill. When he does, the sen ate will sustain his veto.
 'We have at least S5 votes to check any attempt to override him."
 The bill will not be sent to the White House for possibly two days. A motion to reconsider the vote, made by Senator Bennett c. Clark democrat, Missouri, automatically stayed delivery to the White House.
 Clark has two days to call up his motion for action. Robinson said, however, that Clark would not call it up. Clark said he wanted two days to think 1t over"
 The house passed the Patman bill several weeks ago by a vote Of SIS to 90.
 Positive indication of a White House veto was seen in the an- nouncement that the Presidents attitude on the bonus was "un- changed"
 Sweeping Changes
 Washington. May g. (UP) - Sweeping changes in the adminis- tration's monetary policy would be made necessary by enactment of the Patman ''greenback" soldier bonus bill.
 Passage of the bill over a presi- dential veto would give the federal government another mandatory price raising lever, con- fiicting in some aspects with other powers now being wielded by the government.
 Under the Patman bill q total of $2,220, 100000 of new United States notes would be issued for cash pay ment to holders of soldiers adjust ed compensation certificates. They would be issued until commodity prices, as measured by the bureau of labor statistics, reached the average of the two years 1921 to 1929, or an index of 9S. At present the price index is 80.
 Attainment of this price objec- tive presumably would call for an enforced retirement of federal re- serve notes or other currency con- traction steps. At the same time the treasury is bound under the sil- ber purchase act to expand the is- stance or sllVer money.
 It was generally agreed that new and difficult monetary questions would be raised by the Patman Secretary of Treasury Henry Morgenthau. Jr, will review the monetary question and possibly define the governments present policy in a speech Monday night.
 AG1 ao1 not discuss what steps would be taken should the bonus be passed over presidential veto. Presum- ably the treasury would be required to start the printing presses" to the $2,200, ,000,0 900 needed for payment of the bonus.
 No Doubt About Veto
 Washington, May S-(UP) - President Roosevelt, in press con- ference that turned out to be little more than a social gathering. in- iicated today that lie may not wait his allotted 10 days to veto the Patman bonus bill.
 Mir Roosevelt, by inferential an- swers to questions, made clear that he intended to veto the bill. But there never had been any doubt about that.
 The bonus bili may not reach the White House for two or three days. After he receives 1t, the president will have a maximum of 10 days, not counting Sundays, to send 1t pack to congress with message ex- plaining why he disapproves.
 Mir Roosevelt touched briefly on the supreme court decision which invaiidAted the railroad pension act. He said he had before him a long reprt firm the justice depart ment regarding it.
 The President was in an unusii- ally jovial mood as newspapermen crowded into his office overlook ing the n-flooded White House gardens. Turning questioner. he Inquired fl the reporters had any happy thoughts to contribute. That was the signal for q barraxe Of questions which produced many laughs. but little nvws.
 Taking advantage of the lack of national news representative Of ! aehinKton papers asked what he to do regarding requests Ihaf the Capital ba made Inc home