Bisbee daily review., 1922-01-24
PARTY CAUCUS IS CALLED TO DISCUSS PLANS
 THURSDAY EVE Republican Ex-Service Legis- lators Determined Delays
 Shall Be Prevented 800 MILLIONS NEEDED Gasoline Tax, Higher Postage and Bank Check Tax Are
 Considered as Sources

WASHINGTON, Jan. 23.-Calls for a caucus Thursday night of the Re- publican members of the house on the soldier bonus were issued today. Inn mediate action of an adjusted com pensation bill has been demanded by a group of members who were in the military service during the war.
 At the conference. they plan to of- fer a resolution instructing the ways and means committee to proceed at once to the drafting of bonus meas ure. The resolution also will provide that when reported to the house, the measure is to be the continuing bus mess until passed.
 House leaders said no effort would be made at the caucus to instruct the ways and means committee as to how it should provide the raising of ne- cessary revenue. That question will be determined, it was said, by the committee.
 Treasury Opposes Bonus
 Data on possible new methods of taxation to raise funds for bonus has been prepared by the treasury de partment, it was said. for the infor- nation or congress.
 Treasury officials said, however. that the department would await re quests for such information before transmitting 1t to congress. It also was said that the treasury's position on the advisability of bonus for vet erans of the world war was unchang- ed, enactment of compensation legis- lation under existing conditions being viewed with disfavor.
 In the event a bonus bill is enacted, treasury officials said, some tax would have to be provided. Use of the allied debt as a basis for bonus ii. nancing was said to be regarded as impractical.
 Claim Cost Is High
 In the opinion of the treasury, of ficials said. it would cost more to raise the money for a soldier bonus from the sale of bonds based on the debts of the allied nations than il would to float the country's own ob ligations. For instance, it was ex plained, should bonds representing Great Britain for approximately $5, 100000. be issued as a part of bon us payment plan. they would have tC be sold at a discount by this govern ment, because they would be subject to the various forms of taxations.
 At the same time. it was added. the government would have to guarantee the foreign bonds, the sale of whicf would be taking money out of tho investment market which otherwise might go toward American securities Data compiled by the treasury wa. understood to cover various fields o possible taxation, without, however considering a sales tax as a practica solution of the problem.
 Suggests Check Tax
 The treasury. it was added. consid CTS as advisable and has suggested a tax of two cents on all bank check which. it is estimated. would produc' $60.000,000 a year. while further rev enue might be obtained from increas ing taxes on negotiable instruments
 According to the treasury's est mates, approximately $S0000,0G0 year could be obtained from a thre' cents gallon tax on gasoline.
 Increased postage through use of three cents stamp. it was thought would produce approximately S70 100000 year.
 On the basis of the pending Mo Cumber bill, the treasury estimate 1t would be necessary to provide aI proximately $500, ,000, ,00O for the bor us in the first two years.