TREASURY TO OBTAIN LARGE LOAN AT ONCE TO MEET BONUS DRAIN; Offering of Certificates Likely April 7 or 8, a Rare Step Except on Tax Payment Dates.1,661,628 VETERANS APPLYMeanwhile Senator Jones Opens Congressional Economy Drive, Urging Budget Cuts.ACTS ON HOOVER'S APPEAL Fourth Quarter Begins With $600,000,000 Deficit--Increase to$700,000,000 Looms. $278,000,000 Paid in Loans. Jones Appeals for Economy. TREASURY TO OBTAIN BIG LOAN AT ONCE Shrinkage in Appropriations. Thinks Congress Will Do Its Part. Collections Continue to Shrink. Other Deficits in Our History. WALL STREET NOT SURPRISED. Bankers, However, Are Uncertain as to the Form of the Issue. Hoover Statement Attacked.
By Special to The New York Times
Criticizes Pres Hoover's statement on tax increase
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