To the Editor of the "Norm-Cuma Dany News"
Sim—The latest information is that! when. several hundred Shanghai American World War Veterans receive their bonus bonds on or about July 15 from Washington, these bonds must be sent back to Washington before the beneficiaries can receive their checks! It is estimated that $100,000 or Mex, $334,000 at present exchange rales will be made available to Shanghai landlords, shop-Keepers and others direct, while perhhaps a much greater amount will iter into Shanghai out of the lump sum of U.S $2,200,000,000 placed at the di ossal of the total of 3,500,000 veterans. The circulation of U'S-$100,000 direct Shanghai and the accretion of the; additional amounts should prove a hopeful sign on the horizon in view lof the scarcity of money hereabout. Whatever can be done to circumvent. this harmful and unnecessary rogulation with respect to sending the bonds back to Washington, therefore, will benefit the. Shanghai community 60 Jor 90 days earlier than would be possible otherwise.
Shall Mahomet go to the mountain Jor the mountain go to Mahomet? 1032, when President Hoover signed the Bachrach bill allowing for half of the bonus to be paid, Shanghai veterans sent their applications 0 Disbursing Omer A. B. Gilman at ulla, and had checks back in less than three weeks from the time of mailing their applications, This detail occurred to the authorities at Washington on that occasion and it should have occurred to them on this.
To send a disbursing officer to Shanghai or to cable U-S.100,000 to the American Consulate or a Shang-bank is a trifle with gentlemen accustomed to send billions abroad for causes often less worthy. Practically, T suggest that the veterans do not walt fof another posteriorly-applied "kick," but hold a meeting at once and record their sentiments for transmission to the proper place.
T address you on this subject be cause you have many American readfers and I assume you will be interested in seeing this money circulated in Shanghai trady channels at the earliest possible minent. ror Bowen, Shanghai, June 27, ct, i
Text read from the printed page and cleaned; old type leaves the occasional error.