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1932 › John Nance Garner (Democratic) › Veterans' bonus and benefits
The Patman cash bonus and $2.3 billion of greenbacks, passed by the House under his speakership
pledge_forwardspecific_pledgeopponent_characterizationevidence C Money, Currency & CreditVeterans⚡ Bonus Army march and eviction similar solutions · similar reasoning
Solution
The House under Speaker Garner passed the Patman bill (June 15, 1932) paying the bonus in full immediately, financed by new Treasury notes; Hoover treated this as Garner's and the party's policy.
Rationale
Immediate purchasing power for veterans; currency expansion to fight deflation.
Garner's personal vote and views on the Patman bill are not archived; Hoover's attribution rests on his role as Speaker. Neither Garner nor Roosevelt disavowed the bill during the campaign.
Statements (1)
This program was passed through the Democratic House of Representatives under the leadership of the gentleman who has been nominated the Democratic candidate for Vice-President, and thus these measures and policies were approved by that party.
Follow-through
not_applicable
As Vice President Garner presided over the Senate's override of Roosevelt's 1936 bonus veto; greenbacks were not issued, though the Thomas Amendment authorized them.
Enacted by others
| 1936-01-27 | Franklin D. Roosevelt | statute Adjusted Compensation Payment Act (over veto) | source |
Other positions on this issue
- No early payment of the veterans' bonus until the budget is balanced with a cash surplus — Franklin D. Roosevelt, 1932 specific_pledge
- Oppose cash prepayment of the veterans' bonus, especially by fiat money — Herbert Hoover, 1932 specific_pledge
1932-garner-bonus-and-greenbacks-house-record · created by claude-fable-5-1 · review: unreviewed