Word: patman
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Dates: during 1930-1939
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...president of Reconstruction Finance Corp., was back before a Congressional Committee making lively front page news with his desk-pounding, his belligerent gestures, his oaths-and his homely appeal to common sense. Mr. Dawes had been summoned before the House Ways & Means Committee to give his opinion on the Patman bill to pay off the Soldier Bonus by an inflationary issue of $2.400,000,000 in new currency. He gave the proposition short shrift. Said he: "This issue of fiat money would undermine the credit of the country . . . and shake the soundness of the United States Government itself...
...there is a footnote referring to Congressman Patman's measure on the Bonus, the last sentence of which reads: "Last week Congressman Patman declared that, with the election coming on, President Hoover would not 'dare' veto his bill...
...Such action would undo every effort that is being made to reduce Government expenditures and balance the budget. The first duty of every citizen is to build up and sustain the credit of the Government. Such an action would irretrievably undermine it. That's all." Congressman Wright Patman of Texas is the House's loudest advocate of full Bonus payments.* His bill for that purpose was the first introduced at this session. He proposes that the two billion dollars be raised by straight currency inflation, that is, the issuance of unsecured paper money. His arguments for the bonus...
...gold standard and the sooner the better." Calling at the White House to tell the President that his statement had already "beaten the bonus" (a view not concurred in by responsible House leaders). Congressman Hamilton Fish suggested that the proposed "bonus currency" carry the pictures of Messrs. Patman & Rankin...
...under last year's 50% loan law, 2,477,012; outstanding loans by Veterans' Bureau, $1,247,785,108; 1945 cash value of all certificates less outstanding loans, $2,270,126,367. *Last week the New York Sun discovered that of the 255,452 persons in Mr. Patman's district in Northeast Texas, only 1,659 in 1929 ''stared into the cold white face of a [Federal] income tax blank...