Legion For Cash

Responding to the political demand of minor War-veteran organizations for a cash payment on their Adjusted Service ("Bonus") Certificates as a form of Depression Relief, the Senate Finance Committee last week began hearings on this proposition. Opposed as ever to cashing this Government obligation 15 years before maturity was Secretary of the Treasury Andrew William Mellon.

At its Boston convention last year the American Legion refused to advocate cash bonus payments now. Last week, however, its executive committee, meeting in Indianapolis, plumped for immediate conversion.

Disclaiming all responsibility for initiating this legislation, the Legion was thus put on record: "The national executive committee endorses the principle of immediate cash retirement on application of the adjusted service certificates, without choosing as between any of the specific bills now before Congress. . . . Such legislation would benefit immeasurably not only the veterans themselves but the citizenship of the entire country."

This file is automatically generated by a robot program, so reader's discretion is required.