Indianapolis Times, Volume 45, Number 276, Indianapolis, Marion County, 29 March 1934 — Page 9

MARCH 29, 1934

FATE OF VETO OPPONENTS IS NOW IN DOUBT Observers Believe Those Who Quit President Guessed Wrong. WASHINGTON, March 29—Farreaching political repercussions will follow the house revolt against President Roosevelt's veto of veterans’ benefits, it was predicted here today. Political Washington on the whole believes Democratic congressmen who voted against the President guessed wrong, and will also discover so at the polls next fall. In any case it was conceded that the vote will have a profound effect on congressional elections. 70 Supported President Only seventy of approximately three-hundred Democrats in the house will be able to go into the campaign relying on a “support the President" slogan—a slogan which looked like a certain winner a few weeks ago. Will the 230 democrats who bolted find themselves opposed by "loyal Rooseveltians" in their party primaries? Is the veterans’ vote more powerful than the “support the President” vote? How will Republican congressional candidates be able to cash in on the veterans issue which their party has carefully nursed since enactment of the economy law? Will the overwhelming administration defeat in the house bring ] about a change in Democratic leadership there? These are the questions Washington was trying to answer today.

Vote Result Important Two considerations were apparently dominant in minds of congressmen who voted to override the President's veto of the independent offices bill. One was the resentment which has been piling up in congress for more than a year; resentment against the administration for not doling out more political jobs, resentment because congress has had to play second fiddle to the “brain trust” in the new deal. The other consideration was, of course, the organized veterans vote. No organized minority since the anti-saloon league has been as successful as have veterans' organizations in dictating to congressmen. But outside of congress many observers think the organized veterans, like the organized drys of the prohibition days, are politically overrated and that the President’s popularity in the country will be the determining factor in the fall elections. What effect the revolt may have on the remainder of this session’s legislative program is of immediate concern to the new deal. There have been definite signs of revolt on the tariff bill, but an unfavorable reaction from the country on the veto vote may cause revolting congressmen to scurry back into the party fold and support the President, it is believed here. LOAN BID IS AWARDED Investment Securities Dealer Given Health Board Issue. Bid for a temporary loan of $150,000 to the health board was awarded yesterday to Marcus R. Warrender, dealer in investment securities, by the city controller. Mr. Warrender offered an interest rate of 4 per cent and also a $9 premium for the bonds. One other bid from a syndicate of local banks was received.

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THE INDIANAPOLIS TIMES

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