Show no noon lul 0 J L L J fro NA washington ashington if ever there were a R time other than when the nation was at war when money money dominated the situa dominates alon on at washington Nas hington it assuredly Is now one can go where here he be chooses about the government departments to the white house or to abitol and the subject under discussion Is or soon will be money A year or so ago we ne heard beard a great deal ah ab ut money we heard of it in connection with an appropriation of the greatest single peace time voting cf of money in our his tory and I 1 lewise we I 1 card eard money discussed when th flit resident used his power to devaluate the dolier in its relation to gold now however hoever the subject of money la Is diset ased in a slightly d efferent vein the question tl if at Is param Is how can the government get the money it nee Is in other words we ue are now getting aroi n I 1 to the question of or tax atlon and it Is a question tl it at neit neither lier the I 1 resident nor his lieutenants in congress III e to face it Is an election year and a ta tax in cipot Is not what the ins would cill smoothing the highway of or a cani call d a I 1 assane of the legislation i 1 ro viding immediate payment of the veterans bonus hr ight cond dons to a held head the president vetoed the bonus bill and congress promptly overrode that veto so the president promptly told congress that wm ething had to be done about it that the only funds the treas nry cry could muster would be by borrow in ing and that since congress had yield ed to the vocal minority represented by the greatest grei test lobby ever to populate the capitol it thereby captured for itself a problem of raising the money of course tl e president must as sume some responsibility even t tl ough he be vetoed the bonus for the reisen reison re isen ison that some of the funds 1 wl I iel must be raised will nil go to pay the crop control berie benefits fits or bonus resulting from in validation of the processing taxes and the agricultural adjustment act the president as well nell as the political lead ers in congress want to con continue tintie that payment and they also want ant to pay farmers on commitments previously made because they regard them as moral ol 01 gatlon ll un ler for the AAA con tracts tet yet the country Is III ely to think in terms of tl e bonus for the war veterans ld pay I 1 atle attention to the scheduled to go to tl e farmers and indeed tl e vel vet erans bonus Is almost sli six tines that which the administration to pay to the farmers there was in this situation a devel to which I 1 believe attention should sl be called it s up 11 miny years to ro henry congress I 1 as b been e e n an eirv e spender through the same years it has avol ie I 1 at every turn laying taxes to offset the money it voted out of the treasury under the roosevelt admInis ti n the peak of easy spending has bet bein n reached and congress his has gone along with a vociferous aye on every spending proposal sent to the capitol from the white house tl TI e congressional atti attl tude to which I 1 have referred ame lame up in bulk at the time of the bonus vote lvery tin e a bonus 01 01 in quiren where the everni ent would get the money to pay the two and one half halt billion to the veteran s tl V e ans vei from the b nus supporters sip porters was 1 in ef feet its up to henry I 1 can con recall a familiar slogan cur rent when I 1 was as a boy tint wis always wi wl en some one desired t 11 shift ty to piss the buck it was let george do it in the bonis controversy senator bani I 1 cad end demo derno crat of alabama was the first men I 1 er of con congress ress whom abom I 1 hear siv its up to henry ile n ry he ile meant that the job of raising the money belonged to henry borget ti t au an secretary of the treas iry but senator Rank Banh heid sophe mi more re thin his own on feelings when he nade tie statement he ile put into a thought which permeated the minds of a vast majority mcie 0 rit of depre senta tives B and n d s steni tors I 1 perhaps I 1 ab id not riot say unthinking be acca a se those en were mere in truth tb in er 4 jay tl TI air tl ul 1 ts in instead n to sing in the spring were ere turning to votes in no vember thit va wis is the reas n for pis p is sage of the bont s senat rs and representatives seeking re election reelection were afraid to fco go into tl e battle for n in dinati n and election reelection re this summer and have hae war var veterans dm out the skeleton of a vo e in opp mitlon to im mediate paa a n ent of the I 1 onus it will be a long time before those who voted for the bonus cm cin live it down don A keen been political maneuver li ins liis is something in it tl 0 it cills f r admira tion but an obvious political such as was the passi lassige ge of the b nus did not give ghe any reason for corn com men I 1 atlon except perhaps the j intili cation tilt if tie roosevelt Koo sevelt adminis n wis is committe I 1 to passing out hun reds of millions of doll irs in n boon dodin do din glin and other more or less useless projects then the war veterans were entitle I 1 to be pil I 1 no v the s 11 is which congress i r in ned them no 0 I 1 11 I 1 be pi bild id in 17 that reilly Is a poverty powerful ar gumnit I 1 it if 1 sevelt cupi supt it is duahe bat a 1 ui ent they are at a the i f same time damning the new deal spending policies so I 1 fancy that such an argument will be rarely adian advanced ced it Is entirely probable that there will be no tax bill this year unless the presidents president s letter to may be no er byrns point tax bill ing S out the necessity for raising revenue causes an unheard of number of sena tors and representatives to do a no imagination Is required to see that a representative or senator Is in a tough spot when he goes back home ing the suffrage ige of his con and must tell them at the same time that he added to the tax burden which they must pay well ivell if ir that be true how is henry going to get the money it will IU have to li be bor borrowed and it will have to be borr wed ed on government bonds which bleh add up into an increase ng government deficit it means that instead of a deficit of around three billions in tl e next fis cal year the treasury will be con fronted ia w ith a deficit of more than five billions and the public debt in the meantime will have been correspond anoy Inc increase reasel it means in addition that the banks of the country will have to pile more go government bon Is on top of the government bonds they have thus far absorbed in financing a policy of spending our way out of the depres slon ahe I 1 he tragedy of the situation in con grees gre that brought about senator Banh bankhead head s remark of its it s up to hen ry is that it indicates that congress has been looking upon the trea treasury as as a source of revenue it Is not and it never nener has been government Is non productive it can get funds only by b taxation by tal ing them away from froni the people or by borrowing and if it it borrows borros it has to pay back in elthel event new taxation must come and if congress doesn doean t have the nerve to pass tax legislation in this session it must lay taxes in the next session the newspapers throughout the coun try have been full of reports concern ing the e irly start of campaign the political cam starts early laign the al smith speech coming from the man who made it bro broulet about a si st olden in the leal lea fire it really ol 01 opened ened up the fight and henceforth we are due to be s sur ur felted with this claim or that this char chare e and that denial or counter cl arge as the various leaders marshal their forces ihus far in addition to I 1 resident roosevelt s jaci jacl son day speech to the ma oa M O a plate diners and mr air smith s I 1 ib lb erty league dinner outburst we have had active campaigning bv by former president hoover by governor tal midge of georg a by senator borah the idaho republican by governor landon the kansas hansas republican in and by senator robinson of arcansas arl ansas the democratic leader in the senate who spoke in reply to mr smith others are in tl e offing for the republican and democratic national are engaging radio times in a big way As speeches and ond statements increase in number and as fanfare rows loud er I 1 find myself gettlin g a a b t callous to them all I 1 hive been won alering whether A the american ie le have lost tl air sense of humor completely be cause the siti sitt aaion really has a humor ous side unless the pe 1 ie s sense of humor has been dreadfully seared it seen s to me they ought to be I 1 highly amused over rid culous statements ments now being made on one side of the fence or on tie tl e other I 1 lal ale e or in stance mr roosevelt s handwritten bonus veto mes message ige it presente in ing a bit uni s ial because in in time in Iv washington ashIngton it had only once before tl ti at a I 1 resident v toed a bill with a handwritten me sage to congress of course it w intended to be dramatic and ind it wa but the point Is this A year ag a when congress passed the bonus tl ti I 1 resident male a personal al o 0 I 1 earince in the halls hall of congress and re read reid id h s own onn veto message he ile im mi ie le his vigor ous figl fig 1 I t and he rallied I 1 is s ip portus in line to sustain his veto there I 1 as been so muth much talk around washington since the hand hind britten ad m saige wei t to congress that the pres lent was not vig appos ng pasi passage e of tl V e bill over his veto th ill it I 1 am tm c i 1 ing to believe that thit vms true in oil ei oi words he lie tho ight that thit imme immediate flate liate pi p i ment of the bonus was wrong but te had a weather eye out for the fi ft 11 1 coming campal 1 n and the votes th bonus might bring then consider the activity fit of ani tor porah I 1 bel eve the I 1 laho lahn so tor for is too smart to feel t tl at he c n be the I 1 nominee against mr air I 1 0 sevelt but he Is going through all mant manier er of ga just the s sime inie he lie has purposes and object objectives leq in anin mini I 1 obviously but they are not the lican I 1 residential n ad a as he leads his varl is an aul lences to lr it fer it Is to be recalled recil led that banat r I 1 r I 1 has not at any time actually slid he vas as a can U I 1 te to ile ve r f ive also tie circumstance of sen senat senit it r I 1 bins i re pl ii it g to AI al smith over tl e sat sit e an I 1 tin till h sill tl ti P v 9 number of bro broi i deisting lei sting stall 0 wea wen era ern news a ai |