Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-06-09

Der explained that he could r
there was a gentleman's agreement
that the tariff bill would not be lait
aside for controversial measures with
out advance notice being given.
Senator Williams was absent from
the senate when Senator McCumbel
presented the measure for the secont
time, but came into the chamber a few
minutes afterward.
The presentation followed a quorum
call and was without discussion. The
bill automatically went to the senate
calendar.
In attempting to offer the bill soor
after the enat met at IL a. m
Thursday, Senator McCumber said thai
I'm the very near future | hope to be
able to lay aside the tariff bill for a
day Or so for the purpose of consider
ing and passing, if possible, the com
pensation bill"
Says American Plan
In the soldiers compensation bill"
he added, I'VE have nothing but an
American bill. ! hope we shall be able
to dispose of it as an American meas
ure in the same spirit that W. voted
for appropriations to carry on the war
Senator Underwood, the democratic
leader. expressed the hope that when
the bill was called up, it would be by a
vote of the senate and that unanimous
consent for its consideration would not
be requested. He said if it was proposed
to pass the bill at this session it might
as well be considered now as in July
OF August.
II should be very glad" he added.
IF the bill went over until after the
elections so that the American people
might have an opportunity to voice
their sentiments ON the subject"
Senator Underwood said he felt that
the bonus bill, if passed, will not only
work injury to the American people,
but will in the end work an injury to
the men whom it proposes to help"
He estimated the bill would cost any
where from $4,000, 100000 to $1,000
OOO.0 900 and said it was drawn in such
a way that it would have to be paid
for in the future and thus would become
a burden upon the ex-soldiers them
selves.
Recognizes His Weakness
Il realize, so far as | am concerned"
he continued, that any effort on my
part to prevent the passage of this
bill Will be practically futile. / recog-
nize that what | say represents on
the democratic side only a few senators
and only a few senators on the re-
publican side"
The report of Senator McCumber.
which he presented along with the
bonus bill, places the probable cost
to the federal government at $3.50
650,4S1. spread over a period of 43
years from next January 1. This is
approximately $25O,OOO.O 900 less than
the estimate under the house bill. which
was $4,09S, 719,350, payable over 20
years.
The senate bill estimate was pre-
pared by treasury experts and is based
on the theory that rs per cent Of the
ADS, 1919 veterans who will be eligible
for condensation would elect the ad-
judged service certificate option: 22h
per cent farm home and land settle
ment aid, and 212 vocational training
aid. Should all of the veterans select
the certificate plan the total cost
would be $4,4S8, 545,97
With reference to financing the legis-
lation Chairman McCumber's report
said it was hoped that the reduction in
governmental expenditures plus the
payment of interest on the refunded
foreign obligations would be sufficient
to obviate the imposition of additional
taxation.
If it does become necessary to levy
national taxes the report continued,
1T is believed we can better determine
the amount of the necessary levy and
the methods of distributing such bur
dens for the future at a later date
when the future condition of the treas
ury will be more accurately estab-
lished."
Senator McCumber explained that
an attempt had beer made to reduce
a minimum actual cash payments
under the bill during the next three
years while the treasury is engaged
in ~refunding the nearly seven billions Of
dollars of maturing government obli-
cations. The estimated cost Of the
bonus for those three years was S242.-
BOO. OOG.
This measure differs somewhat from
the house bill and very widely from
the bonus bill that was reported to the
senate last year and later sent back to
he finance committee at the request !
If President Harding. The most i'm |
change from the original meas
re is the elimination Of the cash bonus
md reclamation features.
Five Plans Offered
As now drafted the legislation would
i've each veteran the right to select
ny one OF the following plans:
Adjusted service pay but only il his |