Evening Star Newspaper, March 1, 1931, Page 3

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S (Continued From First Page) but now I'm going to ride a while, if it takes my last cent.” { The other man regarded the auto- mobile from bumlrel' to bumper. “Well,” He replied dubiously, “I rode over from California—rode the rods, that is. I've got & wife and three kids back there. Maybe, though, there’ll be enough left over for a second-hand buggy.” Just then an automobile salesman came down the line, handing out a list of sales prices for new and old rars. ‘The men took them almost without exception, scanned the reading matter and stow:d them away in their pockets. Several other automobile salesmen were talking to groups of ex-service men as they straggled from the Vete- rans’ Bureau, their errand finished. .In less than an hour two more went down the line giving away advertisements. Further up the street an agent for a steamship company was distributing literature which had to do with pleasure cruises on the Caribbean, with the Jure of distant ports and the moderation of transportation rates. These, too, found a ready reception, but mostly they wers thrown .down after a brief, if obviously wistful, in- spection. The men, however, kept the automobile advertising matter. Signs of Urgent Necessity. Undoubtedly there was urgent neces- sity among the men in line. There were taxi drivers who had left their cabs nearby, laborers who ob- viously were employed on construction jobs hers and a sprinkling of white- collar men who seemed fairly prosperous —but for the most part the ex-service men, white and colored, were unem- ploved. ‘They were the men who from neces- sity or impatience chose to present their applications in person rather than risk a delay by mailing them in. Many explained that they had come on to ‘Washington to Await the loan and were in dire want, without resotrces to tide them over the 10 days or so which they must wait for their checks. The Veterans’ Bureau gave precedent to a few claims after the Red Cross or some other social agency testified to the need of the particular veteran, but the great body of the applications will| be put through in the order in which | they are received. { Mountaineer Receives Check. One veteran, a Tennessee moun- taineer, explained that his wife and six children were waiting almost on the verge of starvation for him to return with service money. His story was verified and he received his check with- out delay. .« Many veterans gave similar stofies, but were required to wait their turn when they could not be verified. A surprising development in the day was the mysterious dwindling of the line after the morning rush. By late afternoon only a few straggiers dropped in to apply for loans. Officials went forward, nevertheless to make plans for handling loans for months to come. The bureau yesterday computed loans and mailed out checks to 1,326 veterans in this vicinity. ‘Throughout the country, it was esti- mated that 10,000 checks had been mailed, aggregating in value about $10,000,000. Tjams Studies Situation. The dwindling of the line yesterday afternoon was being studied last night by Col. George E. Ijams, director of the Veterans’ Bureau. “It is hai to say whether - this crowd yestggday morning was the first flash of est, and has now sub- sided,” he said. What will happen Monday morning is something which officials cannot forecast, but the first morning’s crowd was handled with ed. ‘At the present time, Col. Tjams said, it was imj ible to tell what the de- mand will be and whether it will be necessary to take on additional per- sonnel in the offices to handle the rush. If the demand increases, more people will have to be added, through the civil service register, he explained, but if it remains stationary, or falls off, the ington, but from other local stations throughout the land, from officials of the Veterans' Bureau and from heads of veterans’ organizations. Hines Makes Appeal. Gen. Frank T. Hines, administrator of veterans' airs, speaking from ‘WMAL, not only explained the situa- tion, but appealed to veterans to defer making loans until forced to do so. “While I haye no intention or wish,™ said Gen. Hines, “to tell veterans what they should or should not do, as they alone can best measure their needs, it is_important that they realize before taking advantage of the extended loan privileges that by so doing they jeop- ardize the protection the intact bonus certificate affords their wives and chil- dren in the event of the veteran's own death, which would bridge the gap be- tween the husband's or father's death and that time when the wives and chil- dren will have adjusted themselves to their mew circumstances. “The bonus . certificate,” explained Gen. Hines, “is a_paid-up endowment policy on which all premiums are met by the Government, with a loan value at any time after the second year. It is in the interest of the veteran to de- fer making a loan until he is forced to do so in order to conserve to the greatest possible degree that protection which his certificate affords to his family and to himself in later years.” Priority to Needy. Gen. Hines, however, assured his listeners that the veterans’ administra- tion “earnestly desires and is bending every effort to meet requests for loans under the new law from veterans. We are now actually making loans under the new law,” he said. “In keeping with the expressed desire of the President, which I am confident will be indorsed by all our people, and is, in fact, indorsed by the veterans’ service organizations,” said the speaker, “T wish to emphasize our policy to give priority consideration to those veterans! applying for loans who are most in need. Certification of need by repre- sentatives of the service organizations and the American Red Cross will be accepted as a showing of need. Vet-| erans who can defer borrowing are | urged to do so, in order that first at- | tention may be given to their comrades whose need is greater.” Other radio speakers on the bonus subject included Capt. Watson B. Miller of the American Legion, Capt. Thomas Kirby of the Disabled American Veter- | ans and Capt. Edward Bettleheim of the Veterans of Foreign Wars. REGIONAL OFFICES BUSY. Majority of Avpplicants for Loans pic 7 meported Unemployed. ‘1 ‘Veterans, many of them listed as un- | employed, descended upon regional of- | fices of the Veterans Bureau throughout | the country yesterday seeking loans on | Adjusted Compensation Certificates. Reports gathered in the various cities by the Associated Press follow: San Francisco—One thousand loan applications were made Friday and at | least 1,000 more were filed yesterday. Most of the men interviewed.said they were going to “eat” or pay debts with | the money. | St. Louis—Seven thousand applica- | tions for. bonus loans were received, most of those seeking aid being unem- | bonus certificates were accepted. A LINE of veterans two blocks long greeted early arrivals at the Veterans’ Bureau yesterday when the first applications for additional loaus on Red Cross workers in the top photo- graph are serving coffee to some of the destitute men. Below, Col. George Ijams, director of the bureau, watchi officer, signing checks for the loans with a M. Betz, deputy disbursing signing machine. —Underwood Photos. m?:’u;ig HOUSE HARMONY IS ASSURED AFTER CONGRESS ADJOURNS Songs and Band on Unofficial Calendar After Final Bang of Speaker’s Gavel. By the Associated Press. Republicans and Democrats in the House intend to shelve their differences for at least a few hours before the next | Congress convenes. | An informal committee is making | ready for an old fashioned get-together after the bang of Speaker Longworth's | gavel at noon next Wednesday puts an | end to the Seventy-first Congress. Democrats who ve accused Repub-| licans of “playing politics with human misery” and Republicans who have sald Democrats were simply “playing poli- tics” are expected to forget their past actions long enough to join ths singing and listen to a musical program. The Marine Band, a chorus and a string bani are tc provide music. Pepresentatives Clarke, Republican, New York, and Woodrum, Democrat, Virginia, constitute the committee. LANHAM WAR MOTHER GOING TO FRANCE JUNE 24| in the World War and another son; who served in the Marine Corps, is partially disabled. unofficial | BONUS FINANCING INTRIGUES STREET Belief Is Held Treasury De- partment Will Seek $500,000,000 Loan. BY DONALD C. BOLLES. NEW YORK, February 28 (#)—Just how Uncle SBam is going to arrange to meet unforeseen demands on a deflated wallet is & question of intrguing interest to Wall street, where he comes just like any other big business man when he wants to borrow money. The unusual interest that surrounds the plans of the Treasury Department for financing the soldiers’ bonus and other operations is explained by the prospect that for the first time since 1928 the Government may expand its long-term debt and float & bond issue. As a preferred customer with a credit rating par excellence that is the envy of all the world, there is no doubt that whatever the Government's needs they will pe quickly met. The street has been a little apprehensive as to what effect the financing will have on the bond market at a time when business and industry look to it to lead the country out of the valley of depression. ‘This has cramped new finacing of all kinds through the offering of new security issues, and February's total of only about $160,000,000 is the lowest for this month in five years, $500,000,000 Loan Seen. Some light will be thrown on the Treasury’s plans on Monday when fo; mal announcement of its March financ- ing uperl";l,nn;.vill be made. The Street appears ve agreed the Treasu: wifieuek $500,000,000 new money, g addition to refunding a $1,109,000,000 lssue of 3% per cent notes which it u-llfio:'1 for payment far in advdhce of ma Since the Government's short-term debt a ts to approximately $3,400,- 000,000, and the Treasury faces a heavy strain two years hence in handling huge Liberty loan issues which become call- able, good policy dictates that this huge short-term debt be reduced instead of w"‘i‘.‘mfl"&n’fl z"l?: millions needed for imated “between 530000000 and Bankers’ Views Differ. While agreeing in a general way on What the Treasury Department is likely to do, bankers here hold divergent views as to the manner in which the Govern- ment will take advantage of the long and short term credit markets. It is by some it may offer an indeter- minate amount of bonds maturing in Lmromwfl‘w 15 y;:n. w‘nn a 3% per cent N in exchange for the cal Y per cent notes. . pnby In this manner the short-term debt would be greatly reduced and the ad- ditional money needed to meet the soldlers’ bonus would be raised through a large issue of certificates of indebted- ness. Another suggestion has been that the Treasury would refund the notes with a similar issue, and float a $500,- 000,000. bond issue with a coupon of Normally overamm ' ormally Government financ is handled by the banks and oumrh}‘mtl- tutions & huge reserve of funds to invest, and it is quite possible, bankers say, the will be able to raise the additional funds without disturbing the capital market. The most san- guine believe that once the uncertainty is removed, the bond market may re- sume its rise, halted a fe% weeks ago by the soldiers’ bonus agitation, and en- able business and industry to obtain lew money and accelerate the recovery which economists believe is on the hori- zon. It is pointed out the soldiers’ bonus money will flow quickly into trade, with & temporarily stimulating effect. STUDENTS Pl.%OTEST FUND | MEMORIAL IS VOTED FOR SECOND DIVISION House Must Concur With Senate Before Site for Monument Will Be Selected Here. A monument in honor of the 2d Di- vision of the American Expeditionary Forces in the World War would be erected in Washington, under a resolu- tion passed by the Senate yesterday on motion of Senator Reed, Republican, of Pennsylvania. It goes to the House for concurrence. The resolution grants ission to the 2d Division Memorial Association, of which Maj. Gen. J, G. Harbord, re- tired, is president, to erect such a me- morial here as a gift to the United States. ‘The location is to be selected by the director of public buildings and parks, and the design of the memorial is sub- Ject to approval of the Pine Arts Com- mission. NEW PROVINCE SOUGHT Moves Made to Create “New Zea- land” in Australia. SYDNEY, Australia, February 28 (#). —Two moves were made today in the plafs looking forward to the establish- ment of the Riverina district of North- east New South Wales as a separate province to be called New Zealand. The executive committee of the “new Province League” met at Armadale and adopted resolutions looking to the set- ting up of the new province. At the same time a gathering of 10,000 persons at Wagga-Waggs, in the Riverina - district, passed a resolution calling on the state and federal gov- ernments to reduce drastically the cost of government, relieve primary and sec- ondary industries of their statutory burdens and reduce interest charges. ACQUITTED IN LYNCHING MARION, Ind., February 28 (#).— Charles Lennon was acquitted today by a jury of a charge of purm:lpnm:gl in the lynching of two colored men here last August. There were no signs of disturbance. ‘The court house was guarded by more than a dozen officers during the night while the jury was in deliberation. Four other men are out on bond and a fifth is a fugitive on charges similar to those on which Lennon was ac- quitted.. A previous trial of a seventh defendant also ended in acquittal, and | had court officials intimated the charges against thcse still facing trial would be dismissed. THREE DEMOCRATS DENOUNCE TILSON Massachusetts Members Of- fer to Make Veterans’ Bill / State Issue. By the Associated Press. ‘Three Massachusetts Democrats joine |ed yesterday in criticism of Republi- can Leader Tilson for his “frantic effort to prevent the passage of any bill which would assist the veteran at this time"” and offered to make the loan bill an issue between themselves and Massa- chusetts Republicans. In a joint statement Representatives Connery, McCormack and Granfleld sald Tilson said in House debate on tie bill “it would take from six to eight months before the Veterans' Bureau would set into operation the machinery | necessary to make the loans.” “The bill had hardly passed the Sen- ate over the President'’s veto,” the states ment said, “when the first loan was made, and within a few minutes after the bill became a law there were several hundred applications for loans in Washington alone.” The three urged that veterans who do not meed loans withhold their ap- pl,lguonl end concluded the statement ith: “So far as we are concerned, if Republican members from M: setts, who all, Frank Foss, either voted against bill an issue, we gladly accept the President’s veto, desire to make this ?m an issue we gladly accept the chal- F.P. A. GETS NEW JOB Columnist to Join Herald-Tribune Staff Tomorrow. NEW YORK, February 28 (#)—The.. Herald-Tribune tonight announced that Franklin P. Adams (F. 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L AFCRYSON €0, Col. #1is. 52 urniture Repairing, Upholstering, * Chair Caneing CLAY ARMSTRONG [ 3235 IOtl'iiSt. N.Wz. i Mgtrc:ro tan 206. & TR 450 5. | ever, was being done by region: the special disability compensation work has been continued to take ure’ of the new bonus activity. A total of 800 or 900 people can be added if needed, he explained. Advises Against Letters. “Don’t write follow-up letters,” Col. Ijams advises veterans. Such jetters, he explains, will only hold up a case, as it will be necessary to pull the case out of its place in the ‘pile in ‘order to answer a follow-up letter and this would delay its comsideration. At the present time, Col. Iiams ex- plained, there are about 3,300,000 ad- justed service certificates outstand- ing, on which the 50 per cent increased loan value granted by Congress aggre: gates the stupendous .total of $1,700, 000,000. It is hardly expected. how ever, that all veterans will take ad- vantage of the loan offer. “We anticipated a larger crowd,” sald Col. Ijams. He is curious to hear now from the other 53 regional officers throughout the country to learn | whether they also had such a sharf falling off on Saturday afternoon as took place here. Regional Officers Rushed. A rushing business on loans, ho;- off- cers throughout the country earlier in the day, Col. Ijams learned through telegraphic_dispatches. Harold W. Breining. assistant direc- tor of the Veterans’ Bureau in charge of finance, who served with Col. Ijams throughout the World War and has been with him for years in the Vet- erans’ Bureau, estimated that outgoing ‘rheclu from the various regional of- fices would probably rise to 25,000 | daily, probably through the month of March. The total value would approxi- | mate $7,500,000 a day through March, ! he_thought. | Veterans poured through two princi- i pal entrances into the Veterans’ Bu- i reau here yesterday, filing 2,300 appli- {cations at the “contact divi | which is in charge of Dr. George |Hyland: and 2,823 applications at ‘Washington regional office, which .in charge of Maj. E. T. Hitch. Sufficient funds have been credited by the United States Treasury to the account of the Veterans’ Bureau to handle the current demands, it was ex- plained, snd more funds will be coming as they are needed, under the mandate of Congress. The Treasury, it was ex- plained some time ago by Secretary of the Treasury Mellon, will be forced to the is | bonus load. Desks Set Up In Corridors. ‘The big crowd was waling ‘iri two but they also get the and will have to do extra financing 1 ‘order to meet the |, ing in line until the regional offices 6pened. Pittsburgh—World War veterans were waiting as early as 6:30 a.m. sterda; outside the regional offices, and when the doors opened 350 were on hand. Baltimore—One thousand veterans filed Joan applications. Officials of the regional office estimated 13,000 applica- tions would be filled before the initial rush subsided. Philadelphia—A line of 2,500 veterans formed outside the bureau office at the opening hour ready to file applications for loans. New York—The regional office ex- hausted a supply of 18,000 loan appli- cation blanke before 11 o'clock yester- - | day morning and was forced to call police reserves to handle the applicants. Jackson, Miss.—Five hundred loan applications were filed in the first three hours of business. Birmingham, Ala—Tw. thousands loan seekers crowded the Federal build- ing. | Charlotte, N. C.—Three lines of vet- erans waited in the rain to make loan applications, with checks being issued at_one a minute. Louisville, Ky.—Nine thousand loan applications were received. Atlanta, Ga.—One thousand loan ap- plications were received with officials sending to- Washington for additional p. FALL FATAL TO WORKER Bushrod T. Phillips, Street Rail-| way Foreman, Victim. Bushrod T. Phillips, 51 years old, 3827 ‘Thirty-second street, Mount Rainier, Md., died at noon yesterday from a fracture of the skull as a result of a fall from a ladder in the shop of the Wash- ington Railway & Electric Co, 2411 P street, where he was employed as fore- man. Phillips was painting when the acci- | . | dent happened. ‘The injured man was taken to Emer- gency Hospital, but died shortly after. Painted S ree Lowest prices, eash or easy terms lo Down Payment Required N AR R AN - Maryland Building 1410 H St. N.W. Offices in the “Heart” of Our Financial Dis- trict as Low as $10 Hedges & Landvoigt - Tower Bldg. District 8332 Pilgrimage. ! Special Dispatch to The Star. LANHAM, Md., February 28 —Mrs Cordelia Stewart of Lanham will sail on the steamship President Roosevelt, | June 24 for France as a guest of the United States Government in company with other War Mothers to make pil- grimage to cemeteries in Europe. Mrs. Stewart is one of the registration of- rflcers in Lanham district which post she has held for several years. Her son, Essel E. Maxwell, upon whom ‘lh Croix de Guerre was conferred, fell | | SAVE on Guaranteed CARS “29” Chevrolet Coupe A splendid utility car in fine condition. Five disc wheels and good tires. 15 upholstered in brown whipcord. Body Motor quiet and and fenders perfect 50, powerful. Was $3i Reconditioned 2 BUICK Master 6 Brougham—A splendid value. Recqnditioned according to our unvarying standards. and six new tires. finish is good. Wheels re- finished in rich maroon. 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