New-York tribune., 1922-02-13

would pay possibly one-half. or $12,-
O0O,OOO
Both the Senate and House feel that
Anal and unanimous agreement should
be had on every detail Of tho bonus
LEGISLATION before the House committee
proceeds to the formal action OF re
porting out the bill. It s also dcf-
nitely understood that the two bodies
will carry their work to tn" WhIte
House for the approval Of the fres'-
dent before this step is taken. ne
more optimistic declared to nigh. tnat
all these preliminary moves wj.l be
made before the end Of the next week
and that with their completion In
GLIDING, of course, the caucus Of House
Republicans-the measure can ne
brought in under a special rule ano
passed by the House with only one
days debate.
Manufacturers Denounce Plan
The National Association Of Manu-
facturers' statement declares tnat
"this additional burden may prove to
be the straw which breaks the indus
trial camel's back
"The industries Of the country are
not opposing the most generous ano
liberal care for oil those VINO were
disabled or the dependents OF those
who were killed or suffered casualties
in the World War said Mr. Edgerton'
eve do, however. seriously oppose all
preparations for cash appropriations
from the Federal Treasury TO pay
bonuses or so-caIled adjusted compen
sation az being socially unwlsc, an eco
nomc absurdity and politically pre-
posterous."
Mr.. Edgerton continued to point out
that with the exception Of tnr e states
all in the Union had adopted leglsi "a
ton giving many preferences to the
veterans, and that fifteen states already
had authorized bonus payments and
seven others were consider ng them
Sixteen of the states involved in these
plans, according to him, pay nearly 30
per cent of the tax burden OF the
country now
Senator Smoot, of Utah, the most
ardent opponent of the proposed !evle5
on business, continues staunch in his
declaration that the entire tentative
program should be abandoned and the
bonus financed by bond issue. He has
announced that he viii not press bis
sales tax plan at present
THE sales tax viii take care Of it
self" he said tonight. ut will come
most certainly a the means Of raising
revenue. But it viii not be in connec-
ton with this bonus bill.
Business is being handicapped now
by the burden OF taxation. If there is
an increase in the tax burden there
will be no revival Of business. If there
is no revival OF business there viii 10
additional employment and if there is
no more work times viii not get better
Money is plentiful. but it VIII be hoard
ed and guarded instead Of being in
vested"
The American Automobile Associa-
tion declared that the particular tax
program for soldier bonus funds ar
nounced by the Ways and Means Com
mittee is not going to be railroaded
through Congress as promptly az some
Of its proponents desire Continuing
the statement said;
"National Automobile Chamber Of
Commerce officials state that any more
tax on the automobile would be the
proverbial last straw for the industry.
in that it would seriously affect TIE
further sales OF automobiles, believing
that the array Of various taxes a pros
spective purchaser would face would
frighten Nim out OF buying Any fur
ther gripping Of The automobile indus
try would. it was pointed out. mean
additional mployment.
AN interests feel that there should
be hearings before the Senate Finance
and House Ways and Means committees
before any action - taken. These, rep
resentatives OF the National Auton,o-
bile Chamber e Commerce and the
= 4. \. We're told to-day by Chairman
Fordney, could not be mad On This
point the four named organizations in
tend to take issue with those in charge
OF the program, claiming that the plan
was developed practically over nigh.
and that every legislative and technical
eNpedient is being employed to railroad
II through Congress.
According to President George c..
Diehl, Of the A. A. A, 1T is the most
hjghhanGed procedure the motorists Of
the country have ever faced and will
not be tolerated il l0,0JQ,Q0 substan-
tal American citizens can prevent it,"