Indianapolis Times, Volume 42, Number 251, Indianapolis, Marion County, 27 February 1931 — Page 18

PAGE 18

HOOVER BRANDS BONUS BILL BAD FOR U. S.

Poor People of Nation Will Suffer, President Declares in His Message Warning Congress of 111 Effects of Measure.

WASHINGTON, Feb. 27. —President Hoover's message etoing the veterans' loan bill follows, in full text: To the Hou*c of Representatives— I return herewith, without my ap-r-rovai, H. R. 17054, “An act to increase the loan basis of adjusted ;rvtce certificates.” In order that it may be understood clearly, I may review that the adjusted compensation act (bonus '>111). passed on May 19, 1924, j awarded to 3,498,000 veterans approximately $1,365,000,000 further compensation for war service. To ! his sum was added 25 per cent, said ’o be consideration for deferring the payment until about 1945, the whole bearing 4 per cent compound in- ' erest. Immediate payment to dependents upon death was included, thus ! 'Testing an endowment insurance olicy represented by a certificate to each veteran showing the sum oayable at the end of the period—the “face value.” The total “face value” of the outtanding certificates today, after paying the sums due of less than •50 and payments in full to dependents, is $3,426,000,000, held by .397.000 veterans, an average of bout SI,OOO each. The burden upon the country was o be an amount each year suffilent as a yearly premium to proide for payment of the “face value” of these certificates in about 1945, j •nd to date has involved an appro- i priation averaging $112,000,000 per I n nnum.

No Money in Treasury

The accumulation of these appropriations is represented by government obligations ceposited in a re- . erve fund, which fund now amounts <o about $750,000,000. A loan basis to certificate holders was established, equal to 90 per cent of the reserve value of the certificates, such loans now in the sixth .'ear being authorized to 22% per ent of the “face value.” When the bonus act was passed . was upon the explicit understanding of the congress that the matter was closed and the government would not be called upon to make subsequent enlargements. It now is proposed to enlarge the ioan rate to 50 per cent of the “face mlue,” at a low rate of interest, hus imposing a potential cash outay upon the government of about 5i,700,000,000 if all veterans apply 'or loans, less about $330,000,000 already loaned. According to the administrator of /•terans’ affairs, the probable number who will avail themselves of the privilege under this bill will require approximately $1,000,000,000. There not being a penny in the treasury so meet such demand, the government must borrow this sum through :-ale of reserve fund securities, together with further issues, or we must needs impose further taxation.

Many to Get Small Aid

The sole appeal made for reopening of the bonus act is the claim that funds from the national treasury should be provided to veterans in distress as the result of the drought and business depression. There are veterans unemployed ahd in need today, in common with many others of our people. These, like the others, are being provided the basic necessities of life by the devoted committees in those parts of the country affected by the depression or drought. The government and many employers are giving preference to veterans in employment. Their welfare is and should be a matter of concern to our people. Inquiry indicates that such me is being given throughout the country, and it also indicates that the number of veterans in need of 6uch relief is a minor percentage of the whole. Utility of this legislation as relief to those in distress is far less than has beeen disclosed. The popular assumption has been that as the ertifleates average SI,OOO, then each veteran can obtain SSOO by way of a loan. But this is only an average, and more than one-half will receive less ’han this amount. In fact, more •■han 800,000 men will be able to borrow less than S2OO. and of these more than 200.000 will be able to borrow only an average of $75

Thousands Not in Need

Furthermore, there are 100,000 veterans whose certificates have been issued recently, who under the proposed law will have no loan pifvilege until their certificates are two years old. It therefore is urgent In any event that local committees continue relief to veterans, but this legislation would lead such local committees and employers to assume that these veterans have been provided for by the federal treasury, and thereby threatens them with greater hardships than before. The breach of fundamental principle in this proposal is the requirement of the federal government to provide an enormous sum of money to a vast majority who are able to care for themselves and who are caring for themselves. Among those who would receive the proposed benefits are included 387.000 veterans and 400,000 dependents, who already are receiving some degree of allowance or support from the federal government. But, in addition to these, it provides equal benefits for scores of thousands of others who are in the income-tax paying class, and for scores of thousands who are holding secure positions in federal, state and local governments and in every profession and industry.

Country Should Aid Them

I know that most of these men do not 6eek these privileges. They have no desire to be presented to the American people as benefiting by a burden put upon the whole people, and I have many manifestations from veterans on whom the times are bearing hardly that they do not want to be presented to our people as a group, substituting special privilege for the idealism and patriotism they have rejoiced in offering to their country through their service, *•

It is suggested as a reason for making these provisions applicable to all veterans, that we should not make public distinction between veterans in need and the others who comprise the vast majority, lest we characterize those deserving help as a pauper class. On the contrary, veterans in need are and should be a preferred class, that a grateful country would be proud to honor with its support. Adoption of the principle of aid to the rich or to those able to support themselves in itself sets up a group of special privilege among our citizens. The principle that the nation should give generous care to those veterans who are ill, disabled, in need, or in distress, even though these disabilities do not arise from the war, has been accepted fully by the nation.

Government Is Liberal

Pensions or allowances have been provided for the dependents of those who lost their lives in the war; -.1lowances have been provided to those who suffered disabilities from the war; additional allowances were passed at the last session of congress to all veterans whose earning power at any time may be impaired permanently by injury or illness; free hospitalization is available, not only to those suffering from the results of war, but to large numbers of temporarily ill. Together with war risk-insurance and the adjusted compensation, these services now total an annual expenditure of approximately $600,000,000 and under existing laws will increase to $800,000,000 per annum in a very few years for World war veterans alone. A total of $5,000,000,000 has been expended upon such services since the war. Our country thus has shown its sense of obligation and generosity, and its readiness at all times to aid its veterans in need. I have the utmost confidence that our service men would be amongst the first to oppose a policy of government assistance tc veterans who have property and mea- to support themselves, for sei .ce men are as devoted to the welfare of our country in peace as in war and as clearly foresee the future dangers of embarking on such a policy. It could but create resentments, which ultimately would react against those who should be given care.

Loan Idea Held Wrong

It is argued that the distribution of the hundreds of millions of dollars proposed by this bill would stimulate business generally. We can not further the restoration of prosperity by borrowing from some of our people, pledging the credit of all the people, to loan to some of our people who are not in need of money. If the exercise of these rights were limited to expenditure upon necessities only, there would be no stimulation to business. The theory of stimulation is based upon the anticipation of wasteful expenditure. It can be of no assistance in the return of real prosperity. If this argument of proponents is correct we should make government loans to the whole people. It is represented that this measure merely provides loans against ! a future obligation and that, therefore, it will cost the American people nothing. That is an incomplete statement. A cost at once arises to the people when instead of proceeding by annual appropriation the government is forced to secure a huge sum by borrowing or otherwise, especially in the circumstances of today, when we are compelled in the midst of depression to make other large borrowings to cover deficits and refunding operations An increased rate of interest which the government must pay : upon all long-term issues is inevitable. It imposes an additional burden of interest on the people which will extend through the whole term of such loans

Interest Rates Go Up

Some coot arises to the people through the tendency to increase the interest rates w'hich every state and municipality must pay in borroving for public works and improvements, as well as the rate which industry and business must pay. There is a cost to someone through the retardat.on of the speed of recovery of employment, when government borrowings divert the savings of the people from their use by constructive industry and commerce. It. imposes a great charge upon the ’ idividual who loses such increased employment or continues unemployed. To the veteran this is a double loss when he has consumed the value of his certificate and also has lost the opportunity for greater earnings. There is a greater cost than all this: It is a step toward government aid to those w'ho can help themselves. These direct or indirect burdens fall upon the people as a whole. The need of our people today is a decrease in the burden of taxes and unemployment, yet they (who include the veterans) are being forced steadily toward higher tax levels and lessened employment by such acts as this. We must not forget the millions

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of hard-working families in our country who are striving to pay the debts which they have incurred in acquiring homes and farms, in the endeavor to build protection for their future. They, in the last analysis, must bear the burden of increasing government aid and taxes. It is not the rich who suffer. When we take employment and taxes from our people it is the poor who suffer. There is a very serious phase of this matter for the wives and children of veterans and to the‘future security of veterans themselves. Each of these certificates is an endowment insurance policy. Any money advanced against them, together with its interest, will be deducted automatically from the value of the certificates in case of death or upon maturity. No one will deny that under the pressures or allurements of the moment, many will borrow against these certificates for other than absolutely necessary purposes. The loss to many families means the destruction of the one safeguard at their most critical time. It can not be contended that the interests of the families of our country are conserved by either cashing or borrowing upon their life insurance policies. I have no desire to present monetary aspects of the question except so far as they affect the human aspects. Surely it is a human aspect to transfer to the backs of those who toil, including veterans, a burden of those who by position and property can care for themselves. It is a human aspect to incur the danger of continued or increased unemployment. It is a human aspect to deprive women and children of protection by reckless use of an endowment policy. Our country is rich enough to do any justice. No country is rich enough to do an injustice.

Bill Is Held Unwise

The patriotism of our people is not a material thing. It is a spiritual thing. We can not pay for it with government aid. We can honor those in need by our aid. And it is a fundamental aspect of freedom among us that no step should be taken which burdens the nation with a privileged class who can care for themselves. I regard the bill under consideration as unwise from the standpoint of the veterans themselves and unwise from the standpoint of the welfare of all the people. The future of our World war veterans is inseparably bound up with the future of the whole people. The greatest service that we can render both veterans and the public generally is to administer the affairs of our government with a view to the well-being and happiness of all the nation. The matter under consideration is of grave importance in itself: but of much graver importance is the whole tendency to open the federal treasury to a thousand purposes. many admirable In their intentions, but in which the proponents fail or do not care to see that with such beginnings manv of them

M, OPENING of VCJr Indiana's Greatest UNDERSELLING shoe store iff m a W W a 600 pairs of womens quality / Ml shoes, a special purchase for mW* ffi flf J! ms this event, values to ss.m %ojjfJp F & \ SAlf# Ym! -sHI and r Heel* Sale J 4 ft Q We Bought 79c to SI.OO JP | - iOl raTil _ The entire floor stock of one of 10^ M&y Q America’s leading manufacturers of ISai WOMEN’S HEALTH SHOES Wmm s&> INCLUDED ARE THE FAMOUS Boys’ and Youths’ 2 TRIPEDIC AND SUPER-TARSAL Regularly Sold at $S to $ 8.50 DRESS AND SCHOOL BOYS’ GYM 3#|| 89 SHOES SHOES A| ® and 290111 S’ 39 .891 j!! Women’* Health ® Shoes With 1 I — l 5, ,7 Arch Support MEN f S WORK SHOES. f A#| 6 Fomierly 1 ‘ S I ■U U HIGH SCHOOL AND H Sold.,' Re,ul., *1.98 Seller . COLLEGE GIRL

THE INDIANAPOLIS TIMES

6 NEGROES DIE IN CHAIR FOR TWOJURDERS ‘Tell Younger Generation to Obey Law/ They Say in Last Statement. By United Press COLUMBIA, S. C., Feb. 27.—Six Negroes died in the electric chair here today for the murder of two men. ‘Tell the younger generation to obey the law and listen to what the white folks tell them,” the condemned Inen said in a joint statement before they died. In the order of their electrocution, they were: John Arkwright, Tillman Poozer, George Byrd, James Hickman, Robert Eldredge, Ernest Thomas. All but Poozer were convicted of murdering B. W. Hendrix, Lexington merchant, on the night of Jan. 6 this year. Poozer confessed he killed C. D. Mills, Lexington county watchman.

insidiously consume more and more of the savings and the labor of our people. In the aggregate, they threaten burdens beyond the ability of our country normally to bear;.and, of far higher importance, each of them breaks the barriers ,of self-reliance and self-support in our people. (Signed) HERBERT HOOVER.

bM Watch for Announcement In Monday's “TIMES"

She’s Mother

• —!■!! I ———W—M——,

Long famous in international society as the “best dressed woman in the world,” the former Mrs. Jean Nash—now Mme. Paul Dubonnet—is the mother of a child born in Cannes, France, the other day. Her present husband, a wealthy French distiller, is her fifth. Formerly Miss Donaldson, she was born in Aiherica.

- Troop to Observe Birthday Boy Scout Troop 9 will celebrate its twentieth anniversary Friday night, March 20, with a supper and reunion at the Irvington M. E. church.

EINSTEIN ENDS STUDY IN WEST; ON WAY HOME Famed Scientist and Wife to Sail for Germany on Wednesday. PASADENA, Cal., Feb. 27.—Dr. Albert Einstein bade farewell today to the Pacific coast and turned eastward toward Germany after eight weeks of study at the California Institute of Technology. Dr. and Mrs. Einstein and a party of friends will return to New York to board a boat for Europe. En route, they will stop at the Grand Canyon and at Winslow, Ariz., going by motor from the latter city through the petrified forest to Gallup, N. M. The scientist and his friends were to leave Pasadena at 1 p. m. today in the private car of W.. B. Storey, president of the Santa Fe railway. They will pause at the Grand Canyon at 8 a. m. Saturday for a day of sightseeing, leaving at 7:45 p. m. After the motor trip from Winslow to Gallup, the group will reboard the private car at. noon Sunday and proceed to Chicago. Dr. and Mrs. Einstein will sail for Europe at 10 p. m. Wednesday. Dr. Einstein delivered a final message to 7,000 school children, gathered for the dedication of the Pasadena Junior college astronomy building. He admonished them to advance education for posterity’s sake.

Physician Explains How Ferro- O ■ iodized oargon Promotes Stronger Muscles, Keener Brains, Better Looks! Dr. R. D. McKay, M. D., Former Medical Examiner Pennsylvania R. R., Joins Other Eminent Physicians in Openly Endorsing New .Epoch Making Formula. Feel Renewed Vigor in Glands, Nerves, Muscles —Watch Eager Appetite Return—See Pale Skin Glow With Rugged Clearness as Aroused Liver Sweeps Unbelievable Old , Matter From Lazy, Tied-Up Bowels and You Enjoy a New Sense of Really Living! IN EXPLAINING the phenomenal success of Sargon, Dr. R. D. McKay, M. D., Indianapolis, retained to examine the formulae and report his findings to readers, declared: “The trained eye of the physi- foul breath and a nasty thick cian needs only to look at the taste in the mouth make the papale, tired out, sunken-eyed ap- tient miserable. You can’t eat pearance of men and women who right, food doesn’t digest, sleep is daily go about hardly able to restless and you get up just as drag one foot after the other, to tired as when you went to bed. realize what the strain of mod- “Sargon impresses me strongly, ern living is doing to the Amer- It helps make you eat with a. ican public. keen, hearty appetite. Next it “The highly refined food we helps you digest what you eat, eat fails to supply the blood with so your body gets the real good the minerals it needs to. nourish out of it. And then it sees that the body cells. Simple anemia the left-over wastes are swept results. Lacking exercise and out of your bowels in the NATfood roughage, the liver becomes URAL way before they decomlazy and fails to pour its precious pose and fill your body with foul bowel-lubricating bile into the poisons and gas. Its mild diuretic intestines. Constipation follows: action on overloaded kidneys “Here we have a dangerous keeps this blood-purifying organ combination of ills to leave the more active, body run-down, nervous, head- “I should be failing in my duty achy, debilitated. The stomach as a physician not to recognize bloats up with toxic gas from de- these qualities and report my caying wastes in the colon. Acid- findings to the public at large, ity, bilious attacks, heartburn, Sargon has my approval.” In Despair With Stomach Misery, Senate Ave* Woman Helped by Sargon “I felt tired and out of sorts all got so my food soured In my stomthe time,” declared Mrs. Virgil C. ach -. Gas rains were so bad I c couldn’t sleep. Splitting headaches Bundy, 120 $. Senate Ave., Indian- almost droTe me ‘ W nd. wonder apolis, well known member of Chris- I was growing weaker and weaker, tian church at Norwood and West. and I don’t hardly know what the “I just had to drive myself to take end would have been If it hadn’t care of my house. Why some morn- been for Sargon and Soft Mass ings I would wake up so tired out Pills. I had hardly finished the secand disgusted I didn’t care if school ond bottle when I felt so different, kept or not. I am grateful for what Sargon has “All this came from suffering for done and I shall always tell my 15 long years with constipation, It friends abont it.” 21st St. Engineer Gains 5 Lbs, “I started on Sargon while In Florida. It gave wonderful relief to me and I got rid of my stomach weakness in good shape. But after seven months back on my Job as engineer of the B. 6c O. R. R., I found my old constipation, gas-bloating and acidity coming back. Two bottles of Sargon and Soft Mass Pills have put me right back on my feet again. Why I have picked up 5 pounds and feel Just fine.”—Mr. Edward Fitzgerald, 17 "w. 21st St., Indianapolis. Weak, Nervous Condition Curbed! “I was Just sick all over,” re- No matter how tired I was when I marked Mrs. Elizabeth Williams, went to bed I would toss and toss. 1718 N Illinois St.. Indianapolis, de- and then of course in the morning vout member of the Cambridge I was still aired. Sargon has brought City Methodist church and charter me greater good than any of the member of Daughters of Poea- - other medicines I ever used. It has hontas. built me up. I feel stronger. Mv “You see. I am past 61. and I nerves are in better condition, and guess all the poisons from my con- the pains have left me. No more stipated condition seemed to settle dizziness either. I want every one in my limbs and I ached from head to know my story so they can get to foot. I had bursting helped too. Just as I did.” NOTE: Sargon Soft Mass Pills are an Integral and necessary part of a course of Sargon. Wherever constipation exists, they should be taken regularly until more normal well-formed stools result. 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FEB. 27, 1931