Evening star., 1936-01-12

Continued From First Page)
through the Treasury. the post Offices
or the banks
Hope was expressed last night by
some Senators working on the legis-
lation that many of the veterans
would prefer to hold on to their bonds.
bearing interest, until the date OF ma
turity, which would be not later than
1945. In this way, the Government
would avoid the immediate necessity Of
paying out large part OF the amount
owing the veterans on their adjusted
service certificates.
The House passed the bonus bill
without any provision for the pay
ment Of the veterans. The suggested
bond issue. II it Is adopted by the
House, would take care of this matter.
If, however, the Senate should finally
turn back to the House bill, then the
appropriation for carrying the cash
payment into operation would be put
through in a separate measure.
The House bonus bill yesterday was
referred to the Senate Finance Com
mittee by the secretary Of the Senate,
Col. E. A. Halsey, on order Of Senator
Robinson, the Democratic leader.
Chairman Harrison of the Finance
Committee will issue a statement re-
garding the proposed plan" for bonus
legislation tomorrow 5esore his group
meets at 2 pm. to begin considera-
ton of the bill
1t is assumed that if Senators Har-
rison, Robinson, Clark, Byrnes of
South Carolina and Steiwer of Oregon
subscribe to the proposed bill, it will
pass the Senate. And If it bears the
approval of Harrison and Robinson,
the belief is that it will meet the
wishes, in many respects, of the
White House.
Democratic leaders last night in
sisted, however, that the legislation
was a matter for the Senate now and
not for the White House.
Consideration of bonus legislation
by the Senate Finance Committee is
not expected to consume much time.
1t is a subject with which the mem
bers of the committee are thoroughly
familiar. Within a few days, Ger
tainly within a week, it was said, the
measure will be reported to the Sen
ate. There is no disposition whatever
to hold it up, and if the committee
cannot agree on amendments to the
House bill, then that measure will be
reported to the Senate by the COM
nnittee It is believed, however, that
the committee will be able to come to
an agreement on amendments or on
q substitute measure.
Veto Override Predicted.
Senator Clark said last night that a
bonus bill, even if it be finally the
House bill, will pass the Senate. and
that it would be passed over a Presi-
dental veto, if the President should
disapprove it.
InflationistS in the Senate, among
them Senator Thomas of Oklahoma,
were reported not to be in sympathy
with the new plan for bonds to be
given the veterans. Senator Thomas
has pending amendments for new
currency TO pay the bonus. He will
support q bond issue only after his |
amendments have been rejected. He
has bond issue plan Of his own which |
provides for the deposit Of the bonds
In Federal Reserve banks for q service
charge, with no interest, the bonds to
be retired by an annual appropriation
of $100. 10000.
Senator Borah of Idaho, one Of the
candidates for the Republican
presidential nomination, expressed the
opinion that If q bonus bill backed by
Senators Robinson, Harrison, Byrnes,
Steiwer and Clark is brought forward
It will pass the Senate and become
law. He also was Of the opinion that |
practically all of the veterans who
received the bonds would cash them |
Immediately.
Virginians May Object.
The two Virginia Senators. Glass |
and Byrd, are expected to oppose the |
immediate cash payment Of the bonus
unless the payment is made out of |
work relief funds.
The Junior Committee of the Ma |
tional Economy League protested to |
President Roosevelt yesterday against |
immediate payment of the veterans |
bonus, terming 1t an action that |
would mortgage" the future Of |
younger generations.
The petition was presented to
Marvin Mcintyre, one Of President
Roosevelt's secretaries, by w. Rich |