BONUS CASHING PLAN OPPOSED BY MELLON; Secretary Writes Vandenberg Proposal Would Be Against Veterans' Interests. CALLS PLAN UNJUSTIFIED Distributing of $3,409,304,122 Would Stimulate Business Only Temporarily, He Says. BONUS CASHING PLAN OPPOSED BY MELLON Text of Mellon's Letter. Face Value $3,409,304,122. Benefit to Veterans Doubted. Certificates Like Policies. Holds Gain to Trade Temporary. Warns Against Diverting Funds. See Adverse Effect on Refunding. Holds Mellon's Views Negative. Advantage of Stimulant Urged.
Rept on number of employes in service