Evening star., 1936-01-28
BY BLAIR BOLLES.

Five million application blanks for
immediate payment of the bonus, first
fruits of yesterdays victory in the
17-year-old veterans fight. were
spread by train and plane through
out the country today from the
Veterans Administration headquarters
here BY noon the Government Print
ing Office, which began the job inn
mediately after the Senate. by its
rs to 19 vote, overrode the Presidents
veto yesterday, had completed initial
work or the documents. which are
being sen. to individual veterans.
members of Congress, recognized
veterans organizations and the 80
Veterans Bureau branches, hospitals
ant. soldiers homes.
Printing and mailing the applica-
tions are the first steps in long and
complicated procedure which will
barely be completed by June Is. when
the baby bonds and checks repre-.
senting the bonus stake of each vet
eran. totaling 1924 100000 are to
be cashable But before the soldiers
can get the l945 value OF the adjusted
service certificates issued in 1924.
these moves must be made. at an
administrative cost of S7,500,000:
l. Seven million interest calcula-
tions. canceilng interest on loans made
after October /, 1881, and computing
the worth If each certificate must be
made at the Veterans Bureau. This
work and other details of establishing
the amount due each eligible veteran
will require hiring from the Civil
Service rolls between $500 and 5000
persons. according to White House
announc ement made yesterday.
Bonds Must Be Engraved.
2. Thirty-eight million $50 bonds
must be engraved at the Bureau OF
Engraving and Printing after Secre-
tary Morgenthau has approved the de-
sign and wording of the bonds. Actual
engraving is not expected to begin
until March ! and will continue day
and night until June /.
8. The Division of Accounts and De-
posits at the Treasury will be sent by
the Veterans Administration COM
plete record of the amount due each
soldier as soon as it has been comput-
ed The D. A. D. then will arrange for
payment to the 3,500,000 certificate
holders They will receive $685.
213.950 in bonds, redeemable at post
Offices. and S87, 1864 ,050 in cash to take
care of ode amounts over $50 null
tiples. accrued per cent interest on
the homes if held until lS45 would
raise total payment to So 2,491 900, 900.
As presses yesterday thundered their
prelude to the bonus shower, President
Roosevelt appealed to the veterans TO
hold the baby bonds as nesteggs un-
less they need the money at once for
some permanently useful purpose"
This exhortation, the second White
House announcement issued during
the afternoon after the Senate had
joined the House in voting down the
veto, came after a conference with
commanders of major veterans or
ganizations, who with the Chief
Executive warned against "frittering
away the cash.
"OrthOdox" Financing.
The White House was silent on the
question of financing the huge soldier
payment, harassing problem dumped
into the lap of the administration by
congressional refusal to specify in
the compromise legislation the method
to be used In raising the money. Sec
retary Morgenthau. however, at a
press conference replied, YES" to
this question:
rs it safe to say that the Treasury
rowing funds for the bonus?"
The bonus payment question will
probably be met later in the year by
a major lending program to raise also