INFLATION DRIVE
ADMINISTRATION CRISIS EX-SOLDIERS’ BONUS BILL PRESIDENT FORMING PLAN OVER-RIDING OF HIS VETO By Telegraph—Press Assn.— Copyright. Rec. 8 p.m. Washington, May 9. The Administration faces something of a crisis, the paper money inflationists having begun a drive to pass Mr. Wright Patman’s Ex-Soldi6rs’ Bonus Bill. A great campaign, is being organised behind the scenes. With indications that the House of Representatives is likely to pass the measure, President Roosevelt called Mr. Henry Morgenthau, Secretary of the Treasury, and the Administrator of Veterans’ Affairs, Brigadier-General Frank T. Hines, into an emergency conference, apparently to work out a plan to prevent the overriding of his veto ox- to formulate a substitute measure In the face of a threatened veto by the President on May 7 the Senate joined the House of Representatives in voting for the cash payment of an. ex-sol-diers’ bonus by means of an issue of new currency to the extent 2,000,000,000 dollars.
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Taranaki Daily News, 11 May 1935, Page 7
Word Count
155INFLATION DRIVE Taranaki Daily News, 11 May 1935, Page 7
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