Pueblo chieftain., 1922-03-08

mousse generally SOME Oh WHO1n bdlu
that on the final vote party lines
would disappear" There was some
speculation in house Hobbies and cor
ri9ors as to President Harding's views
of the compromise plan and also as to
whether he would find occasion to ex-
press these views before tho house
voted.
AT the White house, it was said that
Mr.. Harding had not studied and con-
scqucntly had not formed an opinion
as TO the bank loan provision. He was
represented as maintaining the same
position that he did when he wrote Mr..
Fordncy on February IS. that the
bonus either should be paid by a sales
tax or the legislation postponed.
Some of the majority members OF tho
committee believe that since the new
plans defers for three years any large
drain on the federal treasury. the pres
ident will not object to 1t. They say tho
compromise Will enable needy veterans
to obtain cash without the necessity Of
imposing additional taxes on tho gem
cral public. Just when the bill was
called up in tho house will not be de-
cided until after Mr.. Fordncy returns
from a trip to the west. on which he
started late today. Should the bill be
taken up next Monday. tho house
would proceed to its consideration I'M
der suspension of the rules which
would prevent amendment. II taken up
later Mr.. Fordney said there would
have TO be "A special rule.
II was expected that this would be
so drawn as to give precedence to give
committee amendments. plan de-
signed to present the opening of the
bill to general amendment.
Mr.. Fordncy said tho cntiro ways
and means committee would meet Sat
urday when the Democrats would have
an opportunity to pass Judgment on
tho bin. Meantime the measure will be
printed SO that they and house Mons
bcrs generally can study Its provisions.
Aside from the substitution of the
bank loan provision OF the cash pay
mcnt play. tho bill as introduced is
by the house. The only Immediate cash
payments proposed arc to ve,crans
whose adjusted service pay would not
exceed $50.
Other veterans could select one of
these four options.
Adjusted service certificate combin-
ing "a loan aud insurance plan.
NocB tionnl training.
Farm and homo aid.
Land settlement.
The ultimate cost OF the bonus TO tho
government 1t was said would depend
upon the number of mon selecting
each OF the options II was estimated
that the immediate cash payment to
those entitled to not moro than $50
each would he around SIG. 900.
Tho final cost might range all tho
way from $1,000. 100000 to $780,
Co0. 600. the maximum figure being pre-
dicatcd upon. all Of the Veterans select
ing certificates and holding them until
maturity or until their depth.
Their adjusted certificates would
date Oct. ]. 1922. and mature in 20 years
or at the death of the veterans and IN
either ease would have face value
equal 10 the sum OF "a the adjusted
service credit OF the veteran increased
by % per cent plus 81 interest thcrc-
on for 20 years at tho ratio OF A., per
per cent compounded annually.
Tho total amount would DO "approxi-
matcly equal to s.oi5 times tho adjust
cd service credit OF the veteran.
This credit would be figured on the
basis OF sl.c5 for each day OF over
seas service and 81 for each day OF
homo service but in no event could tho
certificate exceed $500 in tho case OF
n veteran performed no overscas SCR