Word: patman
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Last week the American Legion lobby, most potent in Washington, once more demonstrated its power. Of 25 Bonus bills on which it has been conducting hearings, the House Ways & Means Committee voted null to report out the Legion-sponsored Vinson Bill. Into committee discard went the famed Patman Bill, long House Bill No. 1, backed by inflationists and Veterans of Foreign Wars, twice passed by the House and rejected by the Senate. Down from his place as the House's No. 1 Bonuseer stepped Texas' Wright Patman, to be replaced by Kentucky's Frederick Moore Vinson...
...Like the Patman Bill, the Vinson Bill calls for full and immediate cash payment of the Bonus, plus remission of interest on the $1,500,000,000 veterans have borrowed on their certificates since 1031. Unlike the Patman Bill, which specifies payment by a new issue of currency, the Vinson Bill offers no method of financing...
...Ways & Means Committee decided (14-to-9) to let the full House choose between the Vinson and Patman Bills. That vote and a vote on the measure chosen were scheduled for this week. The House seemed certain to pass one measure or the other. That the Senate would follow suit and the President would veto seemed equally certain...
...going to be paid sooner or later anyhow and the Government may as well wipe out its debt now; 2) payment now will help recovery. Both reasons are highly susceptible to mathematics. The mathematics of the recovery argument is simple. The Legion has a table prepared by Congressman Patman of how much Bonus money would go into every state: New York, $221,000,000; Pennsylvania, $156,000,000; Illinois, $141,000,000; Missouri, $61,000,000; Georgia, $32,000,000; Maine, $12,000,000; Nevada, $1,771,846. According to the Legion, businessmen in New York, Pennsylvania, Illinois, Missouri, Georgia...
...Assistant Secretary of War, onetime (1930-32) Minister to Canada. In Hoover times. Republican MacNider had stoutly battled the Bonuseers but now he owed no political loyalty to the New Deal. However, at the heart of the Bonus agitation lay, as usual, a perfectly good Democrat, Representative Wright Patman of Texas. No. 1 Bonuseer, he was appointed to the sub-committee of nine which sweated to frame the convention's Bonus resolution. Meantime, their fellow-members, on record as resenting the President's remark that they were better off than "the average of any other great group...