Although I have been a good deal opposed to the passage of the bonus legislation in its provisions for loans from the Treasury to people who do not need the money, now that the law is passed we propose to facilitate this work in every…
Herbert Hoover
The Public Record
Herbert Clark Hoover was the 31st President of the United States, serving from March 4, 1929, to March 4, 1933. A member of the Republican Party, Hoover was born in Iowa but later moved to California. Before his presidency, he served as the Secretary of Commerce from 1921 to 1928, where he focused on promoting economic growth and efficiency. Hoover was also known for his humanitarian efforts during World War I, leading relief efforts in Europe and earning a reputation as a skilled administrator.
It is now proposed to enlarge the loan rate to 50 per cent of the 'face value,' at a low rate of interest, thus imposing a potential cash outlay upon the Government of about $1,700,000,000, if all veterans apply for loans, less about…
No one will deny that under the pressures or allurements of the moment, many will borrow against these certificates for other than absolutely necessary purposes.
When the bonus act was passed it was upon the explicit understanding of the Congress that the matter was closed and the Government would not be called upon to make subsequent enlargements.
I return herewith, without my approval, H.R. 17054, 'An Act to increase the loan basis of adjusted service certificates.'
It is represented that this measure merely provides loans against a future obligation and that, therefore, it will cost the American people nothing.
Our country has thus shown its sense of obligation and generosity, and its readiness at all times to aid those of its veterans in need.
So much of the order of November 24, 1916, creating Power-Site Reserve No. 566 as affects the lands hereinafter described is hereby revoked
So much of the orders of May 19, 1910, creating Temporary Power-Site Reserve No. 145 and of July 2, 1910, creating Power-Site Reserve No. 145 as affects the lands hereinafter described is hereby revoked
It thus appears that it is unnecessary to amend the Act of May 14, 1926, to bring in as parties plaintiff those Indians who have severed their tribal relations as their claim for a distributive share of this interest fund has been…





