Word: bonus
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...going to vote for the Bonus, if it does not demand cash payment", Congressman William N. Vaile of Colorado said when interviewed by a CRIMSON reporter yesterday. Mr. Vaile pointed out that the economical conditions of the country demanded that the financial burden of the proposed bill be shifted to the future and for this reason a cash payment should be avoided. "However," he continued, "we should do everything in our power to equalize the conditions of those who stayed at home and those who went to the front." After outlining the enormous profits earned in comparative comfort...
Congress, our national dentist, at last seems to have discovered a method of painless extraction of the bonus. The intricate plan for the issuing of certificates of indebtedness to veterans apparently was conceived at one of those moments, suggested by Lincoln, when "you can fool all of the people"; for the lightness of the protest against the proposal shows that exceedingly slight popular antagonism has been aroused...
...essence, the committee's scheme is little more than a new flat money proposition. Congress waves its financial wand, and to the bonus is paid! Same-body gains; nobody loss now. Of course after election day, in two or three years perhaps, the certificates will have to be redeemed, but by that time everyone will have forgotten and the Republican gentleman from Maine, Ohio, or Pennsylvania, as the case may be, will still hold his accustomed seat, secure in the knowledge that the Legion is "back...
Even if the payment of the bonus were for the best interests of the country, the suggested procrastinating method of raising the money would be highly undesirable. At a time of depression such as the present, false stimulation of business is harmful--both to industry and to the nation, and certificates of indebtedness, undoubtedly a form of monetary inflation, would certainly cause a rise of prices unduly encouraging to the business world. If we do have a bonus, let the nation gulp down its medicine courageously--and pay up in cash, and to obtain cash we must have taxation...
Even if the national treasury were bursting with billions, the American Legion ought to hesitate long before saying "WE demand" a bonus for ex-service men. When the fact is that the paying of a bonus will be a decided handicap, the Legion, by its action, has put an unmistakable cash value on patriotism. Serve your country but be-mighty careful it serves you--not only by its offering you protection from injustice and an opportunity to work and live, things beyond price, but in terms of dollars and cents. How does this attitude of the Legion square with that...