The Archive · 1936

US. SOLDIERS' BONUS TO BECOME EFFECTIVE

Washington, Jan. 27.

By a vote of 76 to 19, Senate today over-rode President Roosevelt veto of the soldiers' bonus bill, thereby enacting the measure into Jaw and bringing to an end the Attoen-year battle of the World Ws veterans for immediate cash payment of their adjusted service compensation. eortiteates.

The majority In favour of over riding the presidential veto to-day was almost as heavy as that on the original passage of the bill, when 70 Senators voted in favour of payment and 16 against, Adding ils voice to that of the Mouse "of Representatives, "which fever-rode the veto almost immediately after receiving President" Roosevelt's message of objection, " the Senate dealt the President one of his most crushing legislative defeats since his inauguration in 1988, Tt was recalled that, when the President vetoed a similar bill at the last session of Congress, the Senate voted uphold him. To-day's rebut not only, indicated the pressure of this year's campaign on the temper of The legislators but also served to bring 10 the fore the inflation issue which has agitated the pation since the bonus bill was introduced this session.

It ig understood that the Treasury has already begun preparations to print the bonds which will be used to pay the bonus, The bonds, in $50 denominations, will, however, be ated June 15, 1999, making it neces sary for the veterang to walt five months for their cush, if they desire redeem the bonds.

The veterans will receive bonds to the value of the 1945 maturity value of their compensation-certi-Theates, ess whatever "amounts have been borrowed.

'Application blanks for the bonds have already been prepared, the Veterans' Administration announced to-day, and can be obtained at district oles all over the country. ax soon as they are delivered by the Where the Government wilt obtain the $2297,000,000 which It will need all the certificates are cashed immediately remains uncertain, The only apparent sources of the money would be: Borrowing. thus adding to the national debt, the imposition of new taxes, or inflation of the currency, The Harrison Bill makes no provisions for the funds with which {to pay the obligation.—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

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