National Affairs: Battle of the Bonus

On the main street of Homer, Ill., one night last week War veterans burned a stuffed figure. On it hung the label: ANDY MELLON. That was what Homer's ex-soldiery thought of a Secretary of the Treasury who had dared oppose legislation in Congress to up their Bonus loans.

Simultaneously in Washington President Hoover was receiving from a Congress afire with hostility and defiance H. R. 17054, a bill to increase the loan value of veterans' adjusted service certificates from 22½% to 50% (TIME, Feb. 23). On the advice of the same Homer-incinerated Andy Mellon,...

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