PRINTING PRESS MONEY
Opposed by Mr. Roosevelt BONUS BILL VETO (By Telegraph—Press Assn.— Copyright.) (Received 16, 10.10 a.m.) WASHINGTON, March 15. In reiteration of his determination I to veto the Bonus Bill if it passes the Senate, President Roosevelt made it clear that he opposed any sort of printing press money, as being strongly agitated for in Congress for the first time. The President indicated that he I realised that dangers might result from some of the provisions of the Thomas inflation amendment if made operative. He considers the proposal I for the issue of a quantity of noninterest bearing "baby bonds’’ to be retired by outstanding Government securities to be thoroughly sound and not equivalent to currency inflation, but probably he will not take such action, due to the fear that it will motivate Congress use in greater quantities for other purposes.
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Bibliographic details
Hawke's Bay Tribune, Volume XXIV, Issue 80, 16 March 1934, Page 6
Word Count
143PRINTING PRESS MONEY Hawke's Bay Tribune, Volume XXIV, Issue 80, 16 March 1934, Page 6
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