Washington, Feb. 26, 'The legislative battle between the White House and Capitol Hill reach~ ed its climax to-day when President Hoover vetoed the Bacharach bill which increases to 50 per cent, the amount of the cash value American world war veterans' may borrow against their adjusted compensate certificates, Immediately after the President's veto and its accompanying message Were transmitted to Congress the House of Representatives, by a vote 328 to, 79, override the White House action, Tu explaining the reason for his veto President: Hoover, who is now defied by Congress, declared that to meet the requirements of the bill, introduced by Representative Isaac Bacharach, Republican of exwey, funds In the amount of G.$1,060,000,000 would be needed. To provide such an amount, said the President, would scram the United Statey treasury. Porther, he aid, only a very small number of 'America's "world war" veterans actually need the money which con-fires {a necking' to stenjoutly Provide for thes, President Hoover warns that if the Bacharach Bit becomes effective taxes will have {0 be increased caure it demands an outlay of at least} G.$1,000,000,000. But it is doubt-Tal whether' thee {e: sulelont administration support in the Ser to uphold the presidential Mire Andcew We Mellon, secretary of the Treasury, believes} HRT EZ Simeunea to a onus tot war vaterane wil damage the whole financial position of the government. Feb. 27.
Congress made its dofance. of President Hoover complete. to-day when the Senate, by a vote of 76 o'r, followed yesterday's example the House of Representatives and fever rode the White House. veto. the Bachavach bil.
"President Hoover to-day declared that he will do his utmost to assist Cine' veterans "of the" world is announcement fs consteuindication that the Pres Swill of Gongross. in "deciding dent ig reconciled to accepting the
Take ¢.81,600,000,000 "from the treasury "forthe war Yetorans.—United Press,
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