The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1921-07-28

state indicate a like fear on the part
of the beneficiaries of the bill.
Mr.. President, while | cannot join
the chairman of the committee in a
vote to recommit the measure, let me
say most earnestly and positively to
every veteran of the world war that
no such result will follow. The bill
will not be defe: ted On yea and
nay vote to take Up this bill and
make 1t the unfinished business, the
vote was As for to against
This vote very accurately. in my
judgment, shows the proportion of
those who favor the legislation to
those who oppose it, and when As
Senators favor the enactment of
proposed measure as against only 4
who oppose It, can anyone think fol
a moment that those As will not see
to it that the legislG ton will ulti-
mately be enacted? What effect,
then, will its recommitment have on
the status of the proposed legislation?
VIII 1t delay its enactment into law?
which in it's present form the legisla-
ton would become effective? | as
sumo, Mr.. President. that these ques
lions are now being asked by the
American soldier, and | answer both
questions: The recommitment will
of course. delay the date on which the
compensation bill would in all prob
ability have become law. The re-
, Commitment, however, Will not, in my
opinion. postpone the time at which
effective
Under the terms of the bill the
cash payment and the insurance plans
are to come into effect as of July l
1922. Long before that date the bill
in its present or amended form, will
be placed upon the statute books OF
the country.
The President, upon information
furnished him by the Secretary of the
Treasury, has asked that Congress
defer action for a time on this bill
How long defer?" you may properly
ask. | answer, Until the tax bill and
the tariff bill are enacted into law
and the foreign indebtedness to the
United States has been funded"
In the matter of the foreign debt
the President in his address to the
Senate states:
Even were there not the threat
ened paralysis of our treasury, with
its fatal reflexes en- all our activities
which concern our prosperity, would
1t not be better to await the settle
ment of our foreign loans? At such
a time 1t would be bestowal on the
part of our government when it was
able to bestow."
In nutshell, the President asks us
to hold this matter in allegiance until
we fund these foreign obligations;
and, as l have said before, the inter
est on these obligations will more
than doubly take care of the highest
annual payment which will accrue
when the bill becomes a law.
We will. of course, pass both the
revenue and the tariff bills at this
special session. A bill is now before
the finance committee giving the
Secretary of the Treasury all needful
authority to fund into longtime bonds
the principal and interest due us
from foreign countries. That author
ity will be given. | can, therefore.
see no reason in the world why this
funding settlement should not be
completed by the time we have passed
the other two bills.
So | can say with absolute assur-
ance to the American people and the
American soldier that this bill will
be enacted into law, and am certain
that 1t will be enacted into law in
sufficient time that the date at which
1t becomes effective will not have to
be extended; in other words, that the
delay will not deprive the veterans
of single important right they would
otherwise obtain under the bill.
Mr.. President, the justice of this
is most strongly impressed
upon my mind, as | know it is on the
minds of the vast majority in both
branches of Congress, irrespective of
political affiliation, and | shall not
abate my efforts to crystalline the
bill into law at the earliest possible
date.
So | plead with all the veterans of
the world war for that soldierly pa
thence which they have exemplified
in camp and on battle plain, and all
will end we'll.