Evening star., 1922-03-28
.SEESNQSHElVNG
|. OF sQlD|ERBQNjS
Senator Mccormick Quoted
as Saying Senate Is Sure
to. Pass Measure.
BY DAVID LAWRENCE.


BY DAVID LAWRENCE.
The soldier bonus bill will be passed
by the Senate. Those who expect II
to be shelved in the upper house win
be disappointed. The measure, which
already has passed the House, may be.
changed or even, rewritten. but q
bonus bill will go through IT will
not be buried in committee, or delayed
on the calendar.
The-authority for the foregoing pro-
dlctton Is Senator Medill Mccormick
OF Illinois, a member Of the republi-
can steering committee, an admins.
tration' senator and q very good Judge
or senatorial sentiment. Like. g. good
many other senators, Mr.. Mccormick,
mas Kept quiet. about; tho bonus, thus
rar, but he says his silence aud that
OF nus colleagues must not be miscon-
strued. -
+. Method of Raising Money.
How will the money be raised?" he
was asked today.
BY the sale Of Treasury certifi-
Gates" he said. ''and there is ample
authority on the statute books TO-DAY
70 raise the sum needed. We au-
thorized not long ago the issuance Of
up TO ten billions of short time certifi-
Gates and only three billions have.
been issued
Gould the country absorb such ad-
dltlonal certificates?" was the next
inquiry.
Certainly. Why. in the last year
approximately $75.000.0o0 has been
bonds. Also about a. billion dollars.
has been absorbed in municipal tax
exempt bonds-and nobody knows
how much more: Ask the. bond,
houses-they will tell you they can't
put issues on the market fast, enough
to meet the demands Of investors.
Also. notice the splendid way in
which the country has responded to.
the refunding plans OF the Treasury.
Here We are with the victory bonds
refunded in large part long before
the maturity date. l am convinced
the country would never feel an Is
sue Of short-time Treasury certih-
Gates, sufficient to tide US over-say
for two to five years-untii the Brit
ish are able to resume payment to US
on the war debt"
Not Disposed to Discuss Veto.
Mr.. Mccormick didn't attempt to pre-
dict what President Harding would
do. with the bill il 1t were passed by
both houses. He isn't as sure Of a
though it is evident he. like the
others, fs counting upon rewritten
bonus bill. The Illinois senator de-
c1ares the opposition to the bonus will
not succeed, with dilatory tactics-in
fact, he says those who are against
the measure are as eager to have 1t
brought up and voted upon and got
out OF the way as are the pro-
ponents Of the bill. He. seems to
think the bonus ought not to be per-
mitted to clog the legislative calendar
and prevent other legislation from
being enacted. especially In this, q
campaign year.
Basis Of Prediction.
Senator Mccormick gauges correct-
~ the sentiment Of the Senate IL the
bonus bill comes to vote. For, as
was proved in the House, the number
who finally opposed the measure
majority who would shelve the meas
ure II they could do SO without q rec
ord vote, but the senators who are up
for reelection this year are bound to
pursue aggressive tactics and keep
the bill before the Senate. Men like
Senator McCumber, chairman of the
Senate finance COMMITTEES, and Mediii
Mccormick. who are candidates for
reelection, will not allow the meas
ure to slumbet. and it doesn't take a
large group in the Senate to compel
action of some kind: Once the, bill is
voted upon q majority Is assured
Whether a two-tbirds vote can be
in the Senate to override a
presidential veto will depend upon the
of public sentiment after
the passage of the bill and an express
sion from tho President. So far as the
House is concerned 1t can be counted
upon to pass the bill by q two-thirds
vote II necessary. The vote Of sos in
favor Of the measure recently is q,
clear index OF the strength Of the
bonus bill In the face Of announced
presidential opposition.
President Fayors S6Ies Tax.
Tho President is committed to q
veto unless a sales take Is enacted as
a revenue producer. If he doesn't veto
it, he may lose Andrew Mellon as Sec
retary of the Treasury. but thus far
he has given every indication that he
shares Mr.. Melons views. The bonus
seems to be the liveliest issue in Con-
gress. 1t siumbers for awhile and
then bobs up again. Senator Medill
McCormick's prediction is significant
it means action on the bill and
probably passage by the Senate after
the naval treaties now pending are
ratified.
toopyrisAt. l9e2)