Evening star., 1936-01-05
HERE'S WHAT VETERANS
GET UNDER BONUS PLAN
3.528,7Ol Men Would Receive $2,Ol5,-
l62,456 Promised Them II Years
Ago for War Services.

COmmlttee are, WTlgHJ FdLIHdH,
Texas, chairman; Abe Murdock, Utah,
secretary; Adolph J. SABBATH, Illinois;
James G. Scrugham, Nevada; Arthur
H. Greenwood, Indiana; William M.
| ColVer, Mississippi; Jennings Ran
dolph, West Virginia; Clarence Can
non, Missouri; William P. Connery, jr,
Massachusetts,; William M. Berlin,
Pennsylvania; Frank Hancock, North
| Carolina; Jed johnson, Oklahoma;
James P. Richards, South Carolina;
Gerald j. Boileau, Wisconsin; Andrew
]. May, Kentucky; Fred H. Hide
brandt, South Dakota; Martin F.
Smith, Washington; Martin Dies,
Texas; John E. Miller, Arkansas;
George A. Dondero. Michigan; Paul j.
Kvale, Minnesota Roy E. Ayres, Mon
tana.
Interest Arouses Protests.
On February %, 1881, legislation
was passed allowing the holders of
adjusted service certificates to borrow
up to so per cent of the maturity value
! and on such loan interest charges run
! against the maturity value of the
certificate. On behalf of the veterans
it has been charged that this insur-
ance is fast eating up their adjusted
/ pay credit. President Hoover vetoed
this bill, but it became a law over
his veto.
In 1882 the bonus bill passed the
House by vote of 211 to 176 for pay
ment in new currency, but it received
only 18 votes in the Senate. At tnas
time there were as many as 43 So
called bonus" bills on which hearings
were held before the Ways and Means
Committee. Through concentration of
effort to get the adjusted-pay certifi-
Gates paid in cash the number Of such
bills have been reduced. Throughout
the seven years Representative Patman
has been generally recognized as lead
ing the fight and in carrying along
his campaign has visited every State
and addressed gatherings in all the
large cities.
In 1884 Patman's bill passed the
House, 295 to 225, but was defeated in
the Senate, where it received 81 votes.
Barely Failed Last Year.
| 1dSt year f1OuSe hOJcQ O10 W
but the Senate vote of SIS was nine
short of the two-thirds majority neces-
sary to pass the bill over a presidential
veto-although the measure received
rs per cent of the combined vote OF
both House and Senate.
The purpose of the so-called bonus
legislation consistently has been to
Oat h. =
paid of in cash. The squabbling has
been as to how the money could be
raised. Patman's first bill called for
a bond issue-hiS present bill calls
for the issuance of new money. This
has been called IAN imitation meas
ure" and has met with considerable
opposition on that ground. 1t pro-
vides that the Government shall issue
United States legal tender notes, often
called Treasury notes, in payment Of
the remainder due As this form Of
Government currency is paid to the
veteran the Secretary of the Treasury
is authorized. if he desires, to retire
from circulation another form of
Government currency-Federal Re-
]
the veterans. Patman claims that
this would remove any cause for in
f1ation-the circulation medium not
being increased by single dollar.
In a radio broadcast Friday night
Patman said: 1T is matter of small
concern to me. or to the veterans,
whether I am the author of the par
ticular bill that pays the debt"
Congress Ready to Vote.
The House and Senate are ready to
vote for any plan that will give full
and immediate cash payment to the
veterans, provided it will not take ex-
ira taxes or cause imitation.
Evidently designed to get the Jump"
on the situation regarding the Pat
man bill on the opening day of the
session, Friday, new bill was intro
duced sponsored jointly by Repre-
sentative Vinson of Kentucky and
Mccormack of Massachusetts, said to
have the support of the three major
veterans organizations-the Veterans
of Foreign Wars, the Disabled Ameri.
can Veterans and the American Legion.
AA4bo pAONANCo 4OI llIllIl6uldLc payment
in full Of the World War adjusted
service certificates; for the refund of
interest on loans paid by veterans and
the cancellation of unpaid interest on
veterans loans. The sponsors of this
bill claim that it reduces by one-haf
the present cash outlay heretofore be-
lieved to be required to make payment
in full to the soldiers
Early action is looked for in the Sen
ate on the ByrnS-Steiwer- -McCor-
mack bill proposing to have the
certificates mature in 20 years
by moving the date Of their is
suance back to when the war ended
in 1918, thus making full payment III
1888, but allowing 81 per cent pay
ment starting with the coming new
fiscal year. The compromise proposals
are to bring the Patman bill more in
line with this Byrns-Steiwer- -McCor-
mack bill. which. it is understood, is
not so Objectionable to the President.
Benefits by States.
The number of veterans in each
State holding adjusted pay certificates.
) and the total amount to be paid them
after deducting all loans and inter-
Continued on Ninth Page.)