Show HOOSE BONUS BONUS' 34 59 I Majority Dooms Presidents President's Veto 1 As Futile Effort Baby Bond Payment Payment Plan Is Speeded on onWay Way t to White House Provides Veterans Veterans Veterans Vet- Vet erans May Cash In June 15 I By Associated Press 2 J J JV V WASHINGTON Jan 22 Congress 22 Congress voted immediate payment of the soldiers' soldiers bonus today by huge majorities majorities- many more than the two-thirds two needed to override presidential presidential presidential vetoes The he house accepted the senates senate's baby bond payment pay pay- ay ment plan with its ultimate cost by a to 59 ballot The senates senate's passage vote Monday was vas 74 to 16 6 The house vote vot on original p passage of a payment cash-payment bill was to 59 Vice President Garner and Speak Speaker i ier er Byrns Byrne signed the measure thIS thi atter afternoon oon and it was Imm Immediately returned to to the house committee on enrolled bills The bill was was delivered to toMs Ms tha th 7 White Hc House aft afternoon 1 Administration leaders pre pre- dieted flatly th the bill will become law whether or not Mr Roosevelt signs It It provides for payment of t adjusted adjusted adjusted ad ad- service certificates of World war veterans in 50 0 bonds starting June 15 Veterans preferring to hold the certificates would draw 3 per cent Interest t annually annually an an- from June 15 1937 t to June Juno 15 1945 The house vote was a a. amere mere for for- for for- mality It came on a motion by by- Chairman D Doughton D D. N. N C. C of ot the ways and means committee to concur in a senate amendment embracing em em- bracing the bond payment method to a cash payment bill bm which cleared the house by a six to one margin in the opening days of the session An hours hour's debate preceded the final vote after Doughton obtained unanimous consent for the tho bills bill's consider consideration Uon Th senate bonus plan was was in the form orm of ot an amendment amendment amendment amend amend- ment to a a. cash payment bill bUI passed by the house The house chamber filled rapidly as R Representative Vinson D. D Ky who introduced the house bill with the backing of leading veterans' veterans or organizations organizations organizations or- or began explaining differences dif dl- dl between the senate and house legislation The only major change made by bythe bythe the senate Vinson said was substitution substitution for veterans' veterans adjusted service certificates of 50 bonds which can can be cashed at any time after June 15 What Is 13 the fundamental differ differ- i once ence interjected Representative Snell CR R. R N. N Y house Republican leader between printing bonds or greenbacks greenbacks' to pay the bonus The gentleman c can n answer that himself Vinson shot back adding A philosophy has grown up in this country that tho the issuing of treasury notes or new currency even when backed by silver sU or gold is inflationary There also Is Js a philosophy that bonds do not have havo inflationary harmful effect |