Evening star., 1936-01-10

pOOSCV6lC, WHO mas IOC yet SdlQ
whether he would approve or veto it,
Some of the Democratic leaders have
predicted he will sign the bill as finally
passed.
Prior to the passage of the bill by
the House, motion to recommit was
voted down, 319 to 80. The motion
to recommit was made by Representa-
tive Treadway of Massachusetts,, rank
ing Republican member of the House
Ways and Means Committee. It pro-
vided that the bonus payments to the
veterans should be made out of un-
expended appropriations for emer-
gency purposes. This meant that the
bonus should be paid out of the
$4,000, 900 900 appropriated by Con-
gress for relief at its last session.
House Galleries Crowded.
When the House assembled at noon
all debate on the bonus bill had been
completed. There remained only the
vote on the motion to recommit before
final passage.
House galleries were crowded, how
ever, with spectators interested in the
bonus measure. Prominent among
the spectators were officials of the vet
erans' organizations, which have
united in support of the present bill.
The first vote taken on the motion
to recommit was a standing vote. 1t
was defeated, 206 to g. Immediately
thereafter a roll call on the motion
was ordered.
Passage of the bill by the House
marks the fourth time such action has
been taken. The first bonus bills were
turned back by the Senate, which de-
clined to pass them, once in the days
OF former President Hoover and the
march of the bonus army on Wash
ington. During the last session of
Congress bill was passed by both
Houses. but vetoed by President Roose-
velt. The House overrode that veto,
but the Senate sustained it.
The bill which passed today provides
for the cash payment at any time be-
fore maturity of the adjusted savings
certificates. The veterans have the
option of requiring payment of the
face value at any time before April
6. 1887, whereupon they will receive
immediate payment of the face value
of the certificates, less Indebtedness
on account Of the principal unpaid on
any loan made b. him.
Can Keep Certificates.
The veteran may elect to keep his
certificate until April 6, 1887, or an
indefinite period thereafter, and there
upon interest will accrue on the face |
value of his certificate Qess the un-
paid principal of any loan made by
veterans at the rate Of per cent per |
annum). This interest may in no case
run beyond January l, 1945, the |
earliest maturity date of outstanding |
certificates and the date on which |
most of the certificates mature.
The bill provides that interest |
which may have accrued on any loans
made by the veterans shall be can
celed and shall not be charged against
the face value of the certificate upon
payment.
The bill authorizes any necessary
appropriations to meet these pay
ments to the veterans. The Ways and
Means Committee of the House in its
report on the bill has estimated that
the outlay will be somewhere in the
neighborhood of $1,000 100000.
Whether the President, if the bill |
becomes a law, will insist upon the
enactment of new tax legislation to
raise the money remains to be seen.
He said In his annual budget message
that where new expenditures above the
budget are authorized by Congress
additional revenue legislation should
follow.
Hurdle Amendment Stage.
The House worked past the usIal
dinner hour to push the bill beycno
the amendment stage last night That
was done In the face of general IN
derstanding, reaching even. into the
Democratic and Republican corn
rnands, that the offering Of amend
Inents would be put over until today
Chairman Doughton of the Ways
and Means Committee. in charge of
the bill on the floor, took members uu-
awares by refusing to let them quit
when they finished general debate.
Some carrying hats and coats, some
grItmbling aloud and some complaining
OF . dirty trick" Legislators were !