| Show PLEASED WITH VIT EDITORIAL l I Dear Editor In your issue of February 10 1933 I read the editorial by L L. L A. A Hollenbeck which I wish to com com- mend The essence I Hof of any paper is Its its its' I editorials and Mr Dir Hollenbeck's are exceptionally good They are to i ithe the point and fearless He recognizes recognizes recognizes the truths and prints them If you will pe permit mit me I would I like to enlarge on that particular editorial in your Others Views column In regards td the Vets Vet's Bonus uninformed or are many people misinformed Metropolitan n News and magazines controlled d by bythe byj I Ithe pares the powers that be do not give give the actual facts I IThe The adjusted compensation act passed In 1924 was an I acknowledgement ack ack- acknowledgement of a debt to the veteran It was to make up the I difference ce between the Vet pay I laborer and that of the civilian It was approved of in a form of ofa of ofa i ia a paid life insurance policy maturing maturing ma- ma ma-I ma turing in 1945 The average of these certificates is a 1000 per veteran Congress created a sinking sinking sink sink- sink sink-I ing fund at that time to too take care of retirement ment of these certificates certificates cates either by death of the I veteran veter veter- an or in 1945 One hundred and twelve million dollars annually is appropriated and placed in this fund and this will continue until until 1945 As you pointed out in your editorial editorial editorial edi edi- high finance has ruined the country Big Business has called for help Hence the Reconstruction tion Finance Corporation That didn't work because it iti it I started at the wrong end Then I I If came the Glass bill bili It to mildly inflate the cur cur- f proposes rency It did mildly in fact cur I too too mildly Many economists have advocated advocat advocat- ed controlled inflation In twentynine twentynine twentynine ty-nine ty states scrip is being used now Unless immediate steps are taken talen more states will have to re resort resort resort re- re sort to this medium or even a worse system I IThe The veterans' veterans bonus will accomplish accomplish pUsh two purposes I First It wil will Inflate the currency currency currency cur cur- rency and give the country the they I needed much-needed money and the purchasing power of the consuming consuming consuming con- con suming class i j I Second It will settle for all time the bonus question and in doing it will not cost the taxpayer one cent It will eliminate th the hundred hundred hundred hun hun- dred and twelve million dollar appropriation ap- ap appropriation appropriation ap ap- annually and abolish that bureau thereby saving more money l The of siver slyer alone alone alone a- a lone in time will be of ot great help I But such a procedure will take months and what we need Is direct di- di l di-l I di-I and immediate action The payment of the Veterans' Veterans Bonus I is the most logical way to bring this about Yours for a Bonus and Inflation Inflation tion ROY WILCOX Rocky Ford Colorado I |
