The Archive · 1932

United Press

Portland, Ore., Sept. 15

'The American Legion has refused to follow the advice of President with regard to the cashing of the war veterans' venus certificates, The convention of the Legion also passed a resolution by an overwhelming majority demanding the repeal of Prohibition—Reuter.

Washington, Sept. 14.

President Hoover issued a statement to-day in which he sharply reiterated. his opposition to an mediate cash payment of bonus money to war veterans.

He said that it would be impossible to raise the necessary G.$2y }225,000,000 for such immediate full payment without creating an, overwhelming taxation burden and striking a deadly blow at the welfare of the nation."

"It would be a fatal threat to lour entire programme for recovery,"

added.

Mr. Hoover asserted that he would continue to protect the interest of fall the people as long as he remains President 'He voiced criticism of efforts at Jeurrency inflation on the part of [Speaker John Nance Garner of the'

fouse of Representatives, "Demo-ratio Vice-Presidential nominee.

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