New-York tribune., 1922-03-20

stress Of the country. The system has
hson condemned by the Urea ~urN
authorities a unsound
Il. A serious defect IN the present
h,l is the entire lack q amortization.
TAXATION Of refundiug for anticipated
payment of the large sum the govern
mcrt will owe in three years.
% The President ip his lettof ef
February Is 20 the chairman Inc
Ways and Means Committee rcfcr> 90
transactions under cons derauon which
ought 20 prove of great leiief to ,ho
Fcdcral Treasury. Should sch se-
ceipts materisllze returns should nc
used in accordance with previous legs
iation. namely. 10 reduce the public
debt Should these receipts not ee used
for sucn purposes. purchasers of Lib
crty bonds during the war pcrio Oh could
rghtly claim Congress had actod in
had faith Moneys used otherwise than
% reduce the public debt would simply
mean additional financing 80 meet Ma
'uurg Indebtedness.
s. Attention is called to the signii-
canoe Of tho date the certificates arc 10
bear. namely October l. lg22. Expert
testimony was given Of the enormous
smoun. % work that vii bo required
anG Investigations 20 bc made 'a ordcr
taat thc certificates shall he properly
issued. With large force of clerk
and the best expert assistance possible
comparatively few certificates could be
ssDed by that time. and IT would be at
'east siN months before any large mum
her could bc put oGt. The reason 'or
ne date. therefore. OF the operation of
tnt ol5 as 0ctobof ueNf. one month
ur.or 60 election, is very apparent. No
consideration Whatever has been gwen
aud TO estimate furnished the public as
- the cost q. thc operation Of the nee
essars bureaus for carrying ont the in
tr.catc machinery that must he cs-
,ao.isbcd.
| : Money Paid Foreigners
T. FreQuen. reference has been made
% payments made by forojcr countries
fog slim 81 purposes 20 this bill. -
rsv he IHvdlous - tate i'm many ln-
stances these payments have uNdoubt-
r1I = beer made w.,u money borrowed
row the United States lor which ouf
e.f1cus purchased ilbcsfy bonds.
-. Iltio VIII, snown as the land
settlement, e,tahI shes au eNpens We
ch'ncry IF maracenent ofers un-
told opportunity fol reckless oNpeDdl-
ture. and Undcr tnc gujse of veteran
AID permits. among other things.
fhe hoafd - isN cut town ,ilos and
tui'1 uuliW tcd highways Such gen
crsl outnoritY hosit not be glantcl
ssdo. tie guido of Vcfrfs7 sid. Pr
e-eucc could fDNe been give veterans
under existing reclamation laWs &c
camriisbin@ the purpose for when
tris title purQovts 70 he written.
seq tnaetmeNt of tris bill would he
directly contrary io the adFice of the
f.>.e1t.ve. 0dor date ot February
tcg slat.on enacted a- bis fimc ought
IN ear'H .ih is prov. ion for raising
rstdet r"tnHae. srosid thc sIo-
gestons rcfcrfed TO ~ his letter not
u. Afootea. hc farther stated: ut
r.uIo nr v-sr 'ct ,f Legislation
g over until there rs situation chat
tEI 'fN tre lal- outlay. "A 9
thorough = agree wita tine Executive
~.afeo. ttHf 'sucD post
psnemort shows no iacs ci regard foi
the soreice mcp. ln Naom al Tho
AWcr'can people ere so genuinely in
tercated
40 The Republican party empha-
sized in T. Chicago platform, reduc
'.on in ttNafion aaa decreased GOV
rtrmcutal Expenditure !, is vcr. sn-
parent tnaf ssouid this tiil BE- onacl 60
info iaw there can bo no reduction
IN expenditure and theee must be in-
creased ta2atiou'
Chambers Attack Measure
IN statement directed against an,
attempt to reNiV" the cash h0nu'
scheme .ic Chamber o. Commerce o
fnc I'm. ..ts >t&t's is~aed tom gnt
compilation o feurrs showing til,
sNaru difference in the increaec o.
state and national debts as result O.
Il pointed oat by tAe na0ona
ch mner that t9e total state debts II
1927 werc incFoas ea ouiy $500 80
otst 1910. or - pcr cont. while tn
f.oaal debt increased s92.244.85s.2,
o 2.21j per sent.
"Ine World War furnished the onl
.-cHce Iu tie Aisforv 81 the countr
rler the national goec.nment paid a
'-t expenses IF the Waf, which m
c.ul,e motii i1alio8, equipments cor
So .cton, tHiniue, feeding, hous;n,
l.sl lsrort9t 9tna and maintenance fro.
'ae emo a. enlistment go the tim, c
sc6al4e. aud return of the s3Id..
- }0.Nt ot fulI-tmont' sccorG. .og
fae stamhlr. "Itus th, states yer
,r'loNcG ot many expenses which tie
a r0r0e 'p whole ol i'm part II 7I,
vlc.> wars.
1t mat hc urged .resefore. Wit
efoh aaa HopliefI tnat the vote iC
fate hghH, Nalt.es With fl no il
eca'ioa chat a oatlona bonus is di
'ei by tie people. a, matte
-ac'. .aoac thn G1000,00o citizens
! s couutfs haYe given no vote 10 il
y create ihat a national bonus is dcsi
Fic or warranted. This population
'outamrd I'm the thirtv-tto STAT
nlsh have not voted in favor of ga.
bonus
"As result of an intensive ca,
p'@n canled or ior some two yea
hs bonus advocates only sixteen stat
have authorized q oass bonua olev
o. them as a result Of Il refcrendU
Fnd five through action 0i the sta
legislatures. In one oi the sixte
states New York t6c bonus bl w
declared unconstitutional In oIg
other states. where there IS a popu'
ton i6.oo0.0oo the oonas was d
tcated.
DaTnrosch Gives Lecture