National Affairs: The Cost

Representative A. Piatt Andrew, a Massachusetts Republican, questioned the statement of Secretary Mellon that a bonus would prevent reduction of taxation for many years. Mr. Andrew quoted the estimates of cost, prepared when the last bonus bill was before Congress, to show that the average cost for the first four years would be only $81,000,000 (TIME, Nov. 26).

Mr. Mellon replied by letter. He pointed out that there were three principal options, in the generally proposed bill, as to the form in which veterans might take their bonuses: 1) farm and home aid; 2)...

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