The New York herald., 1922-03-26
Finance Committee Will
Meet Effort to Stampede
With Rebuke.
LAND JOKER IS DOOMED
Bill Will Be Rewritten if Ac-
ton Is Taken-Faith
in Mellon.
ny LOUIS sEIBoLp.

ny LOUIS SEIBOLD.
Special Dispatch to THE NEW YORK HERALD
New York Herald Bureau,
Washington, ID. c.. Marrh 25.
Propaganda designed to stampede
the Senate into railroading the bonus
raid on the public Treasury will fail.
The methods employed to frighten
timid members of the lower house
will be met by a rebuke despite the
fact that some Senators apparently
are as susceptible to the demands Of
the bonus raiders as the majority leg
islators In the other wing of the
Capitol,
Action by the Senate before ad-
iournment will depend entirely on
developments resulting from an effort
to redeem individual promises made
to ex-service men during the last
campaign, as also upon other factors
In the situation that did not exist in
the lower house.
1t Is quite certain that any bill
passed by the Senate proposing the
payment of cash gratuities or prom
issory notes to bonus claimants will
not be the measure damned" through
the House Of Representatives by mob
processes on Thursday. That docu-
meHt has few, if any, friends in the
Senate, though IT has some sup
porters.
BiIl Finds No Defenders.
Even the Senator's who are COM
n1itted to voting for bonus bill ut
tered no word OF defence of the make
shift five part scheme embraced in
TIE bill now before the Finance Com
n1ittee. 1t Is pronounced amateurish,
badly constructed. impossible of exc
cution and rejecting little credit on
its trainers.
Senatorial opinion appears to be that
the House measure will need lot OF
editing before II is taken up. For one
thing. the absurd land settlement
Joker" is generally frowned upon.
The Treasury Department pointed out
that this feature of the scheme would
cost the Government $4,000, 900, 900 il
carried out.
Chairman McCumber OF the Finance
committee, who is for bonus bill, said
this afternoon that the visionary land
scheme should and probably would be
removed from the measure.
There is no justification for 1t, in
my opinion" he said. Under the pro-
visions OF the bill, the beneficiaries of
the adjusted compensation must select
their options within three years. II
will require ten years to set up the
reclamation scheme and prepare the
redeemed lands for settlement
Concur In Chairman's Opinion.
Others OF the committee concur In
the opinion of their chairman. Further
than this. they express disapproval of
other features of the House bill. nat
urally beginning with the certificate
loan plan. which Secretary Mellon.
Comptroller Crissinger. Federal Re-
serve Governor Harding and Senator
Garter Glass. the creator of the Fed
eral Reserve system. have united in de-
claring to be absurd and unworkable.
Several members OF the Finance
Committee undoubtedly will propose
the restoration of the cash feature
abandoned by the House. Others will
insist upon the adoption of the sales
tax as recommended by President Har-
ding. Two or three members of the
committee are withholding their views
nntil they can discuss the subject more
fully with President Harding.
From authoritative sources Il 1,
learned that Senator's who are in favor
OF the bonus. those opposed to Il and
those not having declared themselves
one way or the other are disposed TO
follow the lead of the Administration
on the subject They refuse to ACCEPT
the vague and indirect statements
made by Representatives Monden.
Fordney and Longworth during the
House debate that the President will
accept and approve the certificate loan
bill passed by the House.
Conflicting predictions regarding the
attitude OF the President were circu-
lated during the preparation and con-
sideration OF the bill in the House.
Senator's whose attentions have been
centered on the international treaties
are inclined TO accept statements OF
this character as entirely unwarranted.
They agree that the views OF the Pres
ident will play a prominent and de-
Sisive part in the consideration of
bonus legislation in the Senate. But
some of them said to-day they would
not accept any indirect versions of the
Presidents position.
IL is the purpose OF several Senator's
Continued on Page Two.