Evening star. [volume], December 12, 1930, Page A-10, Image 10

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
A-10
BIG BATTLE COMING
ON SOLDIER BONUS
v*
House and Senate Backers
Preparing for Showdown
With President.
* _______ <
BY MARK SULLIVAN.
The raising by the Senate of the ap
propriation for agricultural relief from
$25,000,000 to $i0.000,0«0 is immaterial
compared to the amount that will be in
volved in the really big battle between
President and Congress when it comes,
as it surely will. The issue constitutes
major politics and is certain to be dra
matic. The project that is largest in
amount and also most energetically
pressed is an appropriation amounting
to approximately $3,500,000,000 for war
veterans. This is equal roughly to the
entire annual appropriations of Con
gress for all purposes. It would amount
to a doubling of the whole Government
expenditures for this year.
The bill for this purpose is backed in
the Senate by Vandenburg of Michigan,
Caraway of Arkansas and some others.
In the House it is backed by Repre
sentative Wright Patman of Texas and
John E. Rankin of Mississippi. These
House backers of the immense appro
priation for war veterans have proved
themselves in the ast to be resourceful
and energetic. On the present occasion
Congressman Patman is taking early
action to insure that the bill shall
come to a vote. Taking advantage of an
intricate and seldom used parliamentary
rule, he is circulating a petition among
members of the House. If he gets the
signatures of a majority. 218, the bill
will automatically come out of the
Ways and Means Committee onto the
floor of the House once each week until
action is had upon it.
Half of Sum Raised.
Understanding of the nature of the
bill begins with understanding of the
soldiers’ bonus act of 1924. In that
year Congress enacted that each vet
eran should be paid a bonus of a dollar
a day additional for home service and
$1.25 a day for overseas service. To
the sum for each veteran thus arrived
at the Government added 25 per cent.
The sum was not to be paid to the
veterans in cash. Congress enacted
that it should remain in the Treasury
drawing 4 per cent interest for 20 years.
The amount is payable either at the
termination of the 20-year period, Jan
uary 1. 1945, or at the prior death of
the veteran. It will be seen that the
certificates are in effect, as Secretary
Mellon called them, “endownment in
surance policies.” The premiums are
paid not by the veterans, but by the
•Government. The veteran pays noth
ing. In 1945 or at prior death the vet
eran gets the amount of the policy. The
average amount for each veteran is a
little over SI,OOO.
What is now proposed is that this
sum should be paid to the veterans im
mediately instead of waiting until 1945.
The amount required is $3,409,304,122.
While the Government would be obliged
to raise this sum, only about half of
It #oold represent additional outlay by
the Government. The present cash
value of the policies, such as any in
surance company would pay, is $1,770,-
000.000. The remainder, about $1,640,-
000.000 would be a clear gift by the
Government to the veterans.
Veterans Have Influence.
Any one familiar with veterans’ leg
islation in the recent past knows that
the probability of Congress enacting
this appropriation is great. Similar
judgment is entertained by persons who
• know the strong disposition of indi
n vidual Senators and Representatives to
do what they think will please the vet
erans. It will be recalled that last
Spring Congress, especially the Senate,
took conscious pleasure in passing an
appropriation for veterans which Presi
dent Hoover publicly described as "bad
legislation." Based on that episode and
on knowledge of the present situation, it
is fair to estimate that rot 25 out of
96 Senators and not 75 out of 435 Rep
resentatives will vote against legislation
if they think it would be pleasing to
veterans generally. If passage of the
appropriation is averted, it will be
through parliamentary strategy and
, control exercised by leaders in the
House.
An argument made in favor of the
bill by Senator Vandenberg of Michigan
is that “there could be no greater
economic stimulant in the mass than
the release of perhaps a thousand dol
lars apiece in the hands of some three
million persons.” Secretary Mellon ad
mits this argument in part, but adds
that it would be “a temporary stimula
tion of an artificial character.” Secre
tary Mellon is opposed to the appro
pnatlon because it wculd be necessary
IMkd
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itnd Times for Prize
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You can take 12 years to U
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JAMES BERKV. Frcoident
] for the Government to issue bonds to
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lam very definitely of the opinion that
the United States Government cannot
successfully sell three and a half bil
lion dollars of bonds for this purpose
at this time.”
(Copyright. 1930.)
FISH FOR PART PAYMENT.
Representative Urges Immediate Veter
ans’ Relief.
Representative Fish of New York, in
a letter to Secretary of the Treasury
Mellon, urges immediate cash payments
to World War veterans of one-fourth
the face value of their compensation
certificates.
Fish estimated one-fourth the value
of the certificates at $800,000,000. Mel
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THE EVENING STAR, WASHINGTON, D. C„ FRIDAY, DECEMBER 12. 1930.
lon has opposed payment of the cer
tificates in full as of doubtful benefit
to veterans.
“Would not your objections be com
plied with by the payment, in cash or
negotiable Government bonds with 3
per cent Interest, of one-fourth of the
face value of the certificates without
deductions for loans already made
which would continue to constitute a
debt against the remaining amount of
the servioe certificates,” Fish wrote.
Reserve Fond Ample.
The New Yorker asked if the Treasury
would not have a reserve fund of $750 -
000,000 on January 1, to retire the cer
tificates, which, he said, was an “ample”
amount to pay one-fourth the face
value.
Fish said he believed there were
hardship and suffering among unem
ployed veterans and that an average |
cash payment of $250 would be helpful.
In addition, he said, the placing in
immediate circulation of between $500,-
000,000 and $700,000,000 would tend to
stimulate business.
75 Per Cent Would Remain.
His plan. Fish said, would leave 75
per cent of the policies for insurance
of the wives and children. ,
Meanwhile the petition of Repre
sentative Patman, Democrat, Texas, t<s ,
get consideration of his bill for pay
ment in full of the certificates had i ]
accumulated about 50 signatures. A
majority of the 435 members is re- ;
quired to take the $3,500,000,000 meas- i
ure out of the Ways and Means Com- 1
mittee and bring it before the House, i
CO-EDS CAUGHT PETTING
TO BE GIVEN PUBLICITY
Head of Ferris Institute in Michi
gan Says Names Will Be
Announced.
By the Associated Press.
BIG RAPIDS, Mich., December 12.
The wages of being caught "necking”
at Ferris Institute here Is to be pitiless
publicity.
President Wells D. White announced
yesterday that the names of all co-eds
caught in “petting postures” with boys
hereafter will be announced at public
assemblies.
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