The New York herald., 1921-07-13
HARDING MARSHALS
FINANCIAL FACTS TO
DELAY BONUS BILL
Enactment Now Would
Greatly Imperil Stability,
He Tells Senate.
3 THINGS ESSENTIAL
Revision of Taxes, Refund
ing of Debt and Adjust
ment Of Foreign Loans.
DEMOCRATS BLOCK ACTION
Penrose Will Press To-day for
RccOmmitment of Com
pensation Act.
DEMOCRATS BLOCK ACTION
Special Despatch to THE NEW YORK HERALD.
New York Herald Bureau,
Wn shinnf0n. ID. e ,IuIY 70.

epecidI Dcspdtch 10 The NEW YORK HERALD.
New York Herald Bureau,
Washington. ID. c., July 12.
President Harding appealed per-
sonally to the Senate to-day in a
formal address to defer action on the
soldier bonus bill. There is every in
dication that his wishes will be COM
piled with and the bill sent back to
the Finance Committee as soon as
Democratic Senators will permit a
vote on a motion to recommit.
The President had scarcely ended
his address when Senator Penrose
(Pa.), chairman Of the Finance Com
mittee, moved to recommit the bill.
Action on the motion was blocked by
Democratic opposition, which con-
tinued up to adjournment.
Senator Penrose later said in an
interview that he intended to keep
the motion before the Senate.
THE Presidents message was a
patriotic document" he said, that
will be commended by the American
people and by the soldiers themselves.
l have no doubt that when vote is
reached on my motion it will com.
mand majority, in which Demo
cratic as well as Republican votes
will support the Presidents request"
Asked when the bonus bill will be
reported back to the Senate, Mr.. Pen
rose said that had not been deter
mined and that it might go over to
the regular session, which will meet
next December.
President Harding already has the
assurance from Senators Lodge
(Mass.) and Curtis (Kan.), who have
taken poll of the Senate, that the
necessary votes will be Forthcoming.
Text of Presidents Address.
The Presidents address was as fol.
lows:
There has come TO my attention the
pending unfinished business before the
Senate, AID IL Is an imperative duty TO
convey TO you the probable effect OF
the passage at this time of the pro-
posed act providing for adjusted com
pensation to our service men in the
world war
IF this measure could be made ef-
fective at the present time without dis
aster to the nations finances and with
out hindrance to imperative readjust-
ment Of our taxes 1t would present an
entirely different question than that
which is before you.
In a personal as well as a public
manner, which ought to be a plight
of good faith, I have commended the
policy of generous treatment of the
nations defenders, not as a part of
any contract. not as the payment of a
debt which is owing, but as a mark
of the nations gratitude.
Every obligation is to the disabled
and dependent. In such reference as
has been made to general compensa-
ton there has been a reservation as
to the earliest consistent time for such
action. IL It is taken.
Even without such reservation
however. a modified view would be
wholly justif1able at the present mo-
ment. because the enactment OF the
compensation bill ian the midst of the
struggle for readjustment and restora-
ton would hinder every effort and
greatly imperil the financial stability
of our country. More. this menac-
ing effort to expend billions in gratui-
ties will imperil our capacity to dis
charge our first obligations to those
we must not fail 10 aid.
senate's Immediate Problem.
II am advising the Senate directly
because the problem is Immediately
yours, as your unfinished business. but
the executive branch of the Govern
ment owes 1t to both houses of Con-
gress and to the country frankly TO
state the difficulties we daily are called
upon to meet. and the added peril this
measure would bring.
"Our land has It's share OF the finaa-
cial chaos and the industrial depres
Sion Of the world. We little needed tho
growth of indebtedness or the limits
OF expenditure during the war because
we could not stop TO count the cost.
Our one thought then was the win
ming OF the war. and the survival OF
the nation. We borrowed and loaned
Continued on Third Page.