The New York herald., 1922-04-25
out for Ready Cash.

The bonus propagandists did not
manifest any enthusiasm for the sug-
gestion made by Senator Smoot to
award to all service men a paid up
insurance policy payable at the end OF
twenty years to the holder or to the
family of a decedent's beneficiary. Mr..
MacNider and his associates expressed
preference for the insurance loan fea-
ture in the House bill.
The chief point of difference be-
tween the Finance Committee Repub-
licans and the representatives Of the
bonus claimants was over this pro-
posal, which seemed to find favor with
the majority of the Legislators par
tieipating in the conference. Spokes-
men for the bonus claimants however,
agreed to take the Smoot plan under
consideration with the understanding
that they would advise the committee
of their decision tomorrow.
Only Interested in Results.
In answering questions of members
Of the committee spokesmen for the
bonus raiders declared they had no
suggestions to make as to the most
feasible method that should be en-
ployed to finance the bonus. They
said this was a matter for Congress
to decide, as ex-service men We're in
terested only in the results and not
in the manner Of providing them.
Commander-in-C Chief Woodside said
he was quite sure the majority of ex-
service men seeking the bonus were
in favor of the plan to make any
Government obligations negotiable so
as to yield 40 per cent. instead of 20.
as appears in the House bill.
Members of the committee also
asked the spokesmen for the Legion
and Veterans of Foreign Wars to de-
wise loan feature which would meet
the objections of Secretary Mellon,
Federal Reserve Governor Harding
and Comptroller Crissinger. The rep
resentatives of the bonus claimants
baked at this on the ground that It
was up TO Congress to devise some
acceptable scheme for meeting all OBJ
jections-except those of the bonus
claimants, of course.
Indifferent to Land Settlement.
1t developed during the hearing that
the bonus claimants We're entirely in
different as to the visionary land set-.
tlement feature of the House bill
which would probably costa stupen-
dous amount Of money to finance. In
this respect they were in thorough
agreement with members Of the COM
mittee. who have decided to eliminate
the land clause Of the House bill.
Representatives of the bonus claim
ants also made known their entire APP
proval of the plan of bonus Senators
drastically to revise the House bill. 1t
is expected that the work of producing
bonus bill, for which the Senator'S
seeking reelection are clamoring, will
proceed with celerity after the officials
of the American Legion and the For
eiRn Wars Veterans have announced
their decision regarding the sugges-
tions made to-day.
Senator McCumber said after the
meeting that no conclusions were
reached.
I'VE merely had an informal meet
ing with the officials of the American
Legion ana olHeI representatives, "
the ex-service men," he said, Ito get
their viewpoint. After they had made
known their wishes we presented some
counter suggestions. They have taken
them under consideration and will re-
port back to the committee to-mor-
row."
Senator McCumber said he did not
expect that the Finance Committee
would hold any further hearings until
the Democratic members are called in
to put their 0. X. on the bill which
McCumber and his party associates
will frame. He expressed the opinion
that 1T wilt not take long to do that"
Democratic Senator's do not appear