Show washington news by men washington coi respondent correspondent ot of the park record washington feb 1 the six year old who touches daddy for ten cents has a vague idea that somewhere daddy has a sate safe containing an inexhaustible supply of dimes there follows a long period ot of growing consciousness that there Is a bottom to dads well but that does not deter son from wiring from college tor for that extra fitly fifty generally it if dad can r raise alse it it Is forthcoming but the accompanying compa nying letter does not relate that dad has arranged to work overtime and has renewed his note at the bank that mother has decided to make that old gown do for another year and to rent the spare room and that the idea of replacing the antiquated and inefficient furnace has been given up for the present and sons consideration ot of the family finances finance is i usually in inverse ratio to dads gle generosity r it Is not abw always a y s censurable most often it Is just hurna human nature 0 O no one questions that father nation owes a debt ot of gratitude to his sons many of whom gave up jobs education careers and all of whom risked life limb and health at his bis call which cannot be paid which cannot even be computed god knows dad wants to be generous but his health is at stake furthermore dad with his long experience knows that limitless generosity will be of no lasting benefit to buddy still furthermore buddy has a whole lot of little brothers and sisters who are sick and lack proper nourishment 41 40 41 of all the arguments advanced against the immediate conversion of the world war veterans endowment insurance into cash payments the last which should be considered Is the effect of this I 1 transaction on the finances ot of the government this does not dinean mean ot of course that such a consideration Is unimportant out but the welfare ot of the veterans and the coun arys duty to them come ahead ot of considerations side rations of cost it Is not cot to be denied that many veterans are in need naturally they have not been immune to the economic ills which have afflicted so 60 many others str among icing their countrymen but those permanently disabled in ili the service are receiving compensation and hospitalization and the question la is whether the able bodied are suffering peculiar misfortunes from which the rest ot of the country is exempt indorsement endorsement Indor by the american legions national executive committee of the principle of immediate cash retirement of the veterans adjusted compensation certificates gives added impetus to the formidable drive behind various congressional proposals to perform that truly stupendous fiscal operation by in dorsing the principle ot of cartt payment the legion committee leaves the way open for the adoption of any one of about fifty legi legislative slathe plans now being advanced to accomplish that purpose 41 41 42 it if the most extreme proposal to pay now the face ace value of the certificates as of 1945 were adopted it would involve I 1 i of the entire not alone the scrapping system compensation present adjusted contract governments by wiping out the the plainly it obligations to ion the e veterans I 1 establishment eventual eventus would mean 1 the tor for the out pension system of a straight for this cash world war ot of the soldiers ot of would be made on the e theory grant to relieve t the he immediate its pressing need and also veterans rans of the vele 0 necessities a te of it spending that the w with th the idea general busin business C V 3 by putting assist would in irom from to circulation A 0 4 0 received and money was the after veterans would be de in position spent the government was then to say that the provision lor for making no continuous their needs end and to press the argument which bich was sidetracked for benert general ll 11 pensions eri adjusted compensation the 1924 when in adopted in its place was tion plan pensa of president cooledge 0 budge and the veto over the mr cool cooledge age said in vetoing what depressingly be Is turning out to bonus soldiers true open the gates by y an other than caring inch to any recompense sufferers actual tor for the generously and nd three Is no c end nd to service a I 1 from born war more and more the political politic al demands for demagogue allu and every cry specious p pay a y every will wait tor for the next auspicious argument raid on opportunity to continue the the PA public abile treasury ap 4 bills naw before congress the various bond issues call the I 1 1 for baym payments ants requiring billions billion to three a r ranging a from in full to be paid veterans are it the insist are sure to and the politicians that they receive the last penny once is opened to them they treasury the less ta the ie will receive 3 borrowed on have already amounts they their certificates a total of a bout about this can be paid only by a bond issue to flood the bond market with would depress at this time these the value of other government issues outstanding increase the difficulty find and expense of borrowing boi bol rowing by states industrial municipal mies railroads and corporations which atch are planning new nev to construction and other improvements aid employment and thus hamper bumper materially ter teri lally ally the return of prosperity 4 4 fl and all this would be done to enable veterans to spend a fund insufficient to permanently relieve business depression which they should rega regard rd as 6 savings in the bank and as life insurance tor for the protection ot of their dependents 4 0 0 4 secretary mellon appeared before the senate finance committee wednesday to warn that cn cash r h redemption of the soldiers bonus would upset the nations financial structure and greatly disturb world equilibrium the veteran secretary of the treasury said aid the cashing certificates which of the adjusted service relief measure woul would ld las has been urged as a seriously retard business recovery and so prolong unemployment 1 without qualification continued I can say mr mellon that the treasury department could not sell bell ot of bonds at the present time except on terms which it would be very hard to j lustily justify and without complete disorganization 1 of the government and other security markets with the most serious consequences not only to the public credit but to our entire economic structure a f it Is generally looked upon here as a selfish and shortsighted policy which the politicians inside and outside the legion are fostering to get service men a little cash they are willing to hamper rebun returning aing prosperity and damage the chance ot of jobs lor for all |