Evening star., 1935-05-28
DRIVE IS RESUMED
FOR PATMAN BILL
Leaders in Congress Decide
to Sacrifice Initiation
if Necessary.
BY the Associated Press.

BY the Associated Press.
Patman bill leaders in Congress de-
cided today to go forward with their
drive for cash payment of the bonus
at this session and to sacrifice the
inf1ationary provisions of their bill If
necessary.
At a Joint session of House and
Senate supporters of immediate pay
ment it was agreed to poll the Sem
ate to determine what cash payment
bill would have the best chance to
succeed and then push for action
on it, regardless of whether it should
be the Patman bill recently vetoed
by President Roosevelt. the Vinson
bill or some combination of the two.
No Compromise on Payment.
1t was decided definitely there would
be no compromise on their demand
for cash payment, but only on the
method Of financing.
The decision. it was believed, vir-
tually killed any chance Of an agree
ment between the administration and
the cash-bonus bloc at this session.
An appeal was broadcast by the
Patman leaders also for veterans not
to march on Washington to demand
the bonus. They expressed the fear
that instead Of helping the cause
bonus march would harm it.
The strategy meeting was held de-
spite introduction in the Senate yes
terday of a new bonus compromise.
The new measure. introduced by
Senator Pittman, Democrat, of Ne
vada. calls for so per cent payment of
the bonus certificates. Pittman Of
fered mis- bill with an expression of
hope that President Roosevelt might
be persuaded to sign a measure more
liberal than the Harrison compromise
which the Senate turned down.
The bonus bloc had consistently re-
fused to accept the compromise bill Of
Senator Harrison, Democrat, of Mis-
sissippi, chairman of the Senate
Finance Committee, which was ad-
vanced several weeks ago with assur-
ance that President Roosevelt would
sign it. 1t proposed to pay s770 on
the average $1,000 certificate. or $3.50
If the veteran had borrowed up to
the full limit Of the law.
The Pittman bill would deduct 20
per cent from the face value of the
certificate and pay the balance. In.
terest on loans since March /. 1881.
would be Cancelled. This would mean
about $500 for the average veteran
who had not borrowed or $500 for
those who had
This is a bill introduced for con-
sideration Of the Finance Committee
in an attempt to reach compromise
on the bonus question" Pittman told
the Senate.
Il think it has been demonstrated
quite clearly, at least 1t is plain to
me, that. there will be no so-called
bonus bill passed at this session unless
a compromise can be reached which
will be satisfactory to the President
Of the United States. I am satisfied
that there was an attempt to reach
such an agreement through the So
called Harrison bill, which was, Of
course, totally unsatisfactory to the
ex-service man.
Six Methods Allowed.
II do not believe, however, that We
have gone beyond the point where we
can win the President to very much
more liberal bill than the so-called
Harrison bill"
Pittman would provide six methods
for financing the payments, giving the
President authority to use any or all
of them.
He could exchange az per cent
bonds for the certificates, raise the
money through a bond issue, issue
Treasury certificates, use the money
in the adjusted service certificate
fund, take the money from the 81
000. .000, 900 work-relief fund, or use
profits from seigniorage on silver
purchases.