Word: bonus
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Soldier Bonus legislation began moving rapidly through Congress last week toward what was generally expected to be a presidential veto. Reported from the Ways & Means Committee H. R. 17054 to up veterans' loans on adjusted service certificates was snapped (363-to-37) through the House in 40 minutes. The Senate was primed for action no less quick to avert what all Bonus advocates dreaded-a pocket veto...
...automatically. If the measure reaches the White House after the last ten days period, the President can kill it by doing nothing to it (i.e a pocket veto) and thus deprive Congress of a second vote before final adjournment. With the ten-day period beginning Feb. 21, the Bonus fight became chiefly a race against time to the White House...
From the veterans' viewpoint the particular hero of last week's Bonus activities was New Jersey's Republican Representative Isaac ("Ike") Bacharach. In 1915 Mr. Bacharach went to Congress from Atlantic City. With his father he had prospered in the retail clothing trade, gone into real estate, lumber and banking when Atlantic City began booming as a resort, became a local tycoon. Seniority of service advanced him to the No. 3 majority place on the House Ways & Means Committee. There his dexterous management of politics and finance won him a reputation as the committee's "brain...
...passage of the Bonus Loan Bill through the Senate appears to be an extremely short sighted move on the part of the representatives of the nation. The bill if repassed over the President's practically certain veto, will mean a demand of approximately one and a quarter billions of dollars on the federal treasure. About two million men, according to General Hines of the Veteran Bureau, will apply for loans if this bill, enabling them to borrow up to fifty per cent on the the face value of their bonus certificates, goes into effect...
That the government has a standing debt to its veterans is unquestionable, and that aid should be given to those in real need in generally conceded. To extend a bonus, however, at this time and include those not in immediate want at the risk of weakening the government and putting a further burden on the whole people, is extremely unwise...