The Washington times., 1936-06-15
BOND DELIVERY
TO START AT
$50 P. NJ.
Cash, Easily Obtained
for Securities, Due
to Boom Trade
Continued from Page u


Navy and Marine Corps were
visited by mail carriers.
AT 8 a. M, Postmaster Vincent
G. Burke, of Washington,
watched while a group of patients
at Walter Reed Hospital drew
lots to decide which one would
have the privilege of securing
his bonds first.
In the District, approximately
$4,000 veterans are awaiting
total payment representing over
$16,200,o0o.
Most of these veterans will get
their bonds tonight, as Post.
master Vincent C. Burke has
practically all of the bonds
destined for local distribution
and has completed plans for their
delivery.
Mail carriers will leave the main
post office and its various branches
at $3.50 p. M, walk their usual
routes and visit the home Of vet
Grams. To obtain his securities, a
veteran must be at the address
given on his application when the
poStman calls after $50.
Then he must establish his
identity, with the aid of a mutual
acquaintance, unless he, the post
man, already knows him.
With Identification established,
the veteran will be handed his
bonds. They will be in amounts
of $50 each. If his bonus calls
for an odd amount, like $567, he
will receive II $50 bonds and
Treasury check for SIT.
The bonds are the veterans to
do with as he pleaSeS.
He can retain them as an in
veStment, since they will draw 3
per cent simple interest annually
until 1945, when they mature.
He can convert them into cash
at post offices or banks and spend
the money as he desires.
On the other hand, many hold
erS Of adjusted service certificates,
which were surrendered by those
who applied for the bonds, are re-
tanning their certificates in pref
erence to the bonds.
Throughout Washington, many
ex-service men and posts of veter-
ans organizations were preparing
to celebrate tonight.
Bonus To Boom Trade
Literally hundreds of thousands
of the veterans are in dire need
of money. Some are unemployed.
Some have amassed debts through
sickness or business failures or the
necessity Of providing for large
family.
Others need clothes-food and
household. fixtures for themselves
or their families. Many have long
been denied the privilege of own
ing an automobile. Thousands
wish to buy homes or start small
business or begin farming or pay
the butcher, the baker and the
candleStick maker.
To accomplish these worthy
purposes, the former soldiers, sail
orS and marines will receive an
average Of nearly $500 apiece.
Their bonus expenditures will pro-
mote a real boom in business.
Legitimate business is prepared
for the rush. And so. is illegiti-
mate business-the card sharp,
the pickpocket, the blue-sky sales
man, the 100 per cent on your
investment" artist. the race track
tipster, the takers of all types
from the flashily dressed gambler
to the buddy" who wants loan
but never intends to repay it.
The distribution of the baby
bonds" is the climax of long
fight to secure Justice for the
heroes of the World War" Promi-
nent throughout the fight have
been the Hearst newspapers,
which have Waged a vigorous cam
paign for II years.
AS early as December, 1919-be-
fore veterans organizations were
equipped to battle for their mem
bers-the Hearst newspapers be-
gan to demand some sort of bonus
for the boys who had served at
home and abroad in waging the
greatest war in history.
,At that time, the Hearst news
papers suggested that six months
extra pay be given Immediately to
the men in uniform. Later, as
other plans for compensating the
men for their willingness to risk
their lives were advanced, the
Hearst newspapers were in the
forefront of the battle.
Every bill providing for a bonus