Evening star., 1935-11-30
M'NARY PREDICTS
PASSAGE OF BONUS
Enactment by Congress Is
Seen Despite Veto
by President.
BY the Associated Press.

BY the Associated Press.
Senator McNary of Oregon, Repub-
lican leader, predicted today that at
the session Of Congress beginning In
January a soldiers bonus DILL will be
enacted despite 4 presidential veto.
McNary, who helped tqe Senate to
sustain last May PIT jent Roose-
velt's disapproval of the Patman plan
to pay the $2,00O,O00,000 Immediately
with new currency, told questioners:
"a bonus bill will pass this session
over a presidential veto, in my
opinion"
He did not say what kind of bill,
but there have been other forecasts
that any nomination bill would have
the better chance.
Crafty Campaign" Fought.
As McNary made the statement the
Veterans Of Foreign Wars requested
their State and district chairmen to
establish contact with Senators and
Representatives to combat what they
termed a crafty campaign" to raise
a smoke screen" in opposition to
the bonus
The v. F. w. said selfish business
interests and individuals in the ad-
ministration and Congress" seek to
convey the idea bonus payment means
increased taxation.
The so-called bonus must not be
jockeyed into any such controversial
position" the " F. w. said.
With approximately $11 100000
900 in gold and silver in reserve in the
Treasury and an uneXpended balance
of about $4,000 100000, there is no
reason why the payment of this debt
to the veterans should be linked with
increased taxes"
A warning against paying the bonus
In credit" was sounded by Senator
Thomas, Democrat, of Oklahoma, with
a call for cash payments to hasten
economic recovery.
Still at odds with the administra-
ton over its policy of buying silver
without remonetizing it at face value,
the Oklahoman was asked If he
thought paying the bonus would help.
Absolutely" he told newspaper
men. 1T will do the job, If they pay
1t in cash. If IL is paid in what
amounts only to credit, it will hurt"
Secretary of the Treasury Morgen-
thau recently said that as ''far as I
know" the White House remains un-
changed in its opposition to imme-
diate payment Of the bonus.
Some observers here, studying a
certain passage in President RooSe-
Velt's speech at Atlanta yesterday,
wondered whether the Chief Executive
might not be looking ahead to possible
enactment of the bonus, even over q
presidential veto.
$4,000, 900 900 Fund Ignored.
Mr. Rooseveltis failure to cite the
$2,000,00O000 stabilization fund as a
Government asset aroused speculation
as to whether he might be earmarking
this money for some specific purpose
such as eventual bonus payment.
Analysing the Treasury condition,
he noted assets of $4,000, 100000 that
might be set up against the public
debt, blSe did not mention the stabili-
Eation fund.
Noting that the public debt now
stood at 1914 billions, the President
cdl0 Glllo 11CdIly n
billions Of working balance in the
Treasury and Az billions of recover
able assets.
Due to Expire in January.
Use Of the StabiliZation fund for
the bonus has been frequently pro-
posed by veterans spokesmen. The
fund will expire and be returned to
the Treasury reserves in January un-
less the President extends its powers
for year.
1t was thought possible the Pres
ident may have included the $4,000
100000 in his estimate Of recoverable
assets, but it has not been listed that
way by the Treasury.
The Treasury's daily statement at
the end of last month showed assets
Of $4,483 ,0o0, ,602 in which the Gov
ernment had proprietary interest"
1t was this figure to which some ex-
perts believed the President referred.