SENATE AND PRESIDENT
CLASH ON FINANCE BILL
MR. HOOVER’S OPPOSITION
BIG HOSTILE MAJORITY
VETO TO BE OVERRIDDEN
By Telegraph—Preiss Assn. —Copyright.
Rec. 7 p.m. Washington, Feb. 19. The Senate, despite President Hoover’s opposition, passed by 72 votes tc 12 the Veterans’ Loan Relief Bill to adjust compensation certificates from 221 to 50 per cent, of their face value.
The Bill had already been passed by the House of Representatives. The estimated cost is 700,000,000 dollars. President Hoover is expected to veto the measure within 48 hours, but it is virtually a foregone conclusion that the Bill will then pass over the veto. Senator Reed, Pennsylvania, admitting the Bill would pass, supported the President vigorously. He asked: “Why under Heaven in times of stress should we pour our money for the benefit of a particular group at the expense of every other group?”
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Bibliographic details
Taranaki Daily News, 21 February 1931, Page 7
Word Count
142SENATE AND PRESIDENT Taranaki Daily News, 21 February 1931, Page 7
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