The New York herald., 1921-07-08

ment and private banking interests were
completing a plan for the financing OF
such exports. 1t was expected that the
President would advise Senator Sim
mons soon regarding the progress OF
the plan.
On his way back to the White House
the President had his car stopped ut the
Senator Borah (Idaho). Republican.
with whom he talked earnestly for sew
eral minutes.
Seated side by side In the White
House automobile. Mr.. Harding and the
Idaho Senator talked vigorously TO one
another. emphasizing their opinions by
many emphatic gestures and mods OF
their heads. After the short conference
Mr.. Borah returned to his office and the
President resumed his ride TO tho Whits
House.
In his conversation with Senator
Borah the President is understood TO
have discussed disarmament as we'll as
tho bonus bill The President was re-
ported to have told Senator Borah that
ne already had taken some steps toward
disarmament agreement and desired
TO discuss with the Senator later at the
White House what further a.eps should
be taken.
Would fnVor bonus Later.
The President MADE It clear that he
Is not opposed to favorable action at
scmc future time on some kind of bonus
legislation But he is vigorous in his
opinion that row is no. the time for II
and that the measure should be recon-
m.tted to the Finance Committee until
the financial difficulties of the Govern
ment and the country have been
II
his visit to the Capitol with newspaper
correspondents later. He said that he
was publicly committed some time ago TO
bonus bill when it could be provided
for without endangering the financial
stability of the country.
While the President was talking the
situation over in his reception room
across from the Senate Chamber furi-
Gus attack was being made on the bonus
bill by Senator Myers. His speech fol-
lowed an address by Senator Pittman
(Nev.). who spoke in favor of the bonus
bill Senator Pittman admitted that the
letter Of Secretary Mellon had had its
effect" and that it had created the
impression that if il became law the
very economic life of the nation was
threatened"
'I deny this" Senator Pittman said.
adding IL was an attempt to inject pol
itics into consideration of the bonus
legislation. He said that the opposition
was backed by the "23.0 900 profiteering
millionaires created during the war.
and said "the greed of prosperity was
stopping the payment of the nation $
debt to the soldiers"
Senator Myers first proposed an
amendment to eliminate both the cash
bonus and the insurance feature so as to
confine it's provisions to home and land
settlement features.
Reviewing the present cost of Gov
ernment, Senator Myers said that it was
costing Si0.000.000 a day lin time OF
profound peace to run the Government,
contrasting II with a cost OF S1.c00.000
a day during and following the civil war.
Il think few people in this country
are aware OF this" he said. "and ] be-
lieve IT should command their attention.
think the soldiers ought to know 1t.
II the facts were known generally l be-
lieve there would be an expression of
indignation such as this country has
never known Soldiers should realize
that they themselves will have to pay
this bill which we create by the passage
of the bonus legislation
I'VE ought not" he said. plunge this
country into bankruptcy and saddle the
people OF the country with q burden that
will last for generations to Come
He denied that the principle was TIC
same as that which brought about the
civil war pensions. which Senator
Ashurst said cost Sc. 900, ,000. 900 OF Gov
ernment funds. He asserted that the
payment of the bonus was "a complete
departure from any principle the Gov
ernment had observed before" and
added that II was dangerous to the fun
damental principles OF our Government
Despite Secretary Melons statement
Chairman Fordney OF the House Ways
and Means Committee said he intended
to press for action on his measure tc
compensate former service men as soor
as tariff and tax legislation was COM
pleted.
II have no doubt" Mr.. Fordney as
serted. that some such legislation will
be put through at this session OF Con-
gress.'