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About The Coquille Valley sentinel. (Coquille, Coos County, Or.) 1921-2003 | View Entire Issue (Dec. 14, 1934)
; • This message is a warning against the false and malicious propaganda being used by those who are opposed, for selfish reasons, to immedate cash payment of Adjusted Compensation Certificates (the so-called bonus) issued to World War veterans by the federal government. Here are twelve reasons why Congress should enact legislation granting immediate cash payment of Adjusted Compensation Certificates: In 1924, the Congress of the United States passed the Adjusted Compen sation Aet, officially admitting that a debt was due to the World War veter an, in recognition of his sacrifices. It was agreed that Uncle Sam would compensate the veteran on an equal basis, for his time and labors while in the services, with the lowest paid wage earner who remained at home. Con gress decided that the extra sum of $1.00 per day for home service and $1.25 for overseas service would constitute a fair and reasonable adjustment. In- 2. With each veteran receiving approximately $500.00 in cash, these men ■ and their families can be removed from the relief rolls of local commun- • ity chests and charity organizations. 1 - . ' ■ 3. By paying this obligation to the World War veterans now, the federal government will accomplish two objectives—payment of r portion of our national debt which must be paid eventually and the distribution of funds that will provide much needed relief. 1. Payment of this obligation will remove thousands of veterans from fed eral government relief rolls. v’ . .1, 5 4. Payment of this debt to the veteran at the present time will reduce the na tional debt because this obligation is already a part of the national debt. the veterans a certificate — or a promise to pay — in 1945. 5. Unless immediate cash payment is authorized, the balance due World War veterans on their certificates will be consumed by compound inter est and they will receive virtually nothing in 1945. Therefore, with this Act placed on the statute books of the federal gov ernment in 1924, the question of whether or not the World War veteran is en titled to an adjustment is no longer an issue. This question was definitely answered by Congress in 1924. 6. The proposed distribution of $2,200,000,000 for this purpose is in exact ac cord with the relief policies of the present Administration, and offers no chance for graft or favoritism. a This is the question that the next session of Congress will be called upon to answer: Shall the federal government at this time give to the World War veteran, cash in exchange for his certificate, or shall the World War veteran be forced to wait until 1945 before his certificate becomes negotiable? ' 7. With the funds already made available by the government’s gold revalua tion policy, no increase in taxation and no bond issue will be necessary. 8. The sum of $2,200,000,000 can easily be paid to veterans by the federal gov ernment from the profits of $2,800,000,000 earned on the government’s policy of gold revaluation. Those who oppose immediate cash payment of this confessed debt to the veteran are trying to frighten the general public with the impression that payment of this obligation, at the present time, will create a dangerous mone tary inflation and that the country will be flooded with “fiat currency.” 9. Economists admit present gold reserves will permit the issusnce of new currency for the payment of this debt—thus saving the federal govern ment one billion dollars, the amount that must be raised by 1945 under the existing plan. . We contend that these allegations are pure falsehoods. This deliberate attempt to mislead the public with confusing predictions of chaos and panic must be ignored by all clear thinking citizens on the basis of the following self-evident facts. This government is embarked upon a program that contemplates the spending of 20 billion* dollars for direct and indirect relief purposes in a man ner that will increase the purchasing power of the masses. During the past year, this government has already spent 7 billion dollars toward this goal. Your attention is called to the fact that this has been accomplished without the creation of “fiat currency” and without harmful currency inflation! The amount involved in this obligation is only $2,200,000,000. This money will go directly into the hands of three and one-half million veterans. These three and one-half million veterans represent at least twelve million persons —wives and children in need of food, clothing, shelter and other necessities. Every line of trade and industry will immediately benefit from this distribu tion. Every penny will go directly into business channels. 10. The money'involved will create added buying power for the purchase of necessities for at least 12 million persons—which includes three and one- half million'Veterans and their dependents. 11. A total of ten million dollars will be saved by the federal government in administration expenses of the Adjusted Compensation Act between now and 1945. 12. The distribution of $2,200,000,000 can be accomplished with no expense to the federal government through the creation of new bureaus, commis sions or political pay-rolls. In behalf of all World War vetaMris and their dependents, and in the in terests of sound economics, the Veterans of Foreign Wars of the United States appeals for the united support and co-operation of all fair minded citi zens. We ask non-veterans, as well as veterans, to write letters today urging support of this issue to all members of Congress from this district Every • This is one expenditure by the federal government that will create no __________________________________ _ ______________ member of the House and Senate must be impressed with the fact that public new political jobs. None of this money will be used to pay the salaries of poU- 4 ^sentiment is enthusiastically in favor of immediate cash payment of the ! SO- ticians engaged in party organization fence building. called bonus. Economy Market C. J. Fuhrman Hudson Drug Store Ideal Bakery Dunham’s, of Course Club Cafe William» Grocery Gano Funeral Home J. 8. Barton Racklcf f Pharmacy American Legion Coquille Auto Wrecking
