The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-04-22
Soldiers
Get Bonus
viii Be Financed By Legis-
lation Made a Part Of the
Tariff Bill.
BY DAVID LAWRENCE
Copyright by Tho tnteltSenesr)

Washington. April cI--AC-Ne~e7t "a
tween President Harding aTd admins
tra,;on leaders over the financing o.
the government. dc:;c.; - veil rs tho
handling OF the bonus issue appears to
b" II sight.
Definite plans a-c II :hc making wh'rh
K IS hoped WI. bring President Harding
and leaders cf the house aaG senate m
20 accord and allow pa$s1 go Of a soCus
aR. Within the next few weeks.
Mr.. Harding has not yet consented 20
tho plan. hut has encouraged Se22t"
leaders, 70 WORK q o.: IN detail and cor
FER further with HIM about Z.
First OF al the ptau provides ,o- -"
payment OF bonus 20 cS-ssrvicc ra"7
this year. TIE president Was tod hr
Senator Watson OF Indiana. ,&at thee
were enough votes TO pass I bonus p:l.
N the senate and indeed. to pass the
house bin il that Is the only measure
submitted. IN the face % 4 certain
veto cr the house bill Senator Watson
and his associates are 4: work o. a sub
s,i:u;G which may win c%ccu..rn ap-
?rova,.
The process IS somewhat, complex h",
G1;eeS Secretary Mellon can Ard ser
ioas ;law in II the chances are t Vii,
90 through. Here IS the situation and
the plan:
The New Bonus Plan
The senate cannot originate revenue
legislation but 4 can amend any a., a.
-eaGv providing to- collection oc reve,
nUe. 50 tire pending ;a-:T act will be
rSed as a device I" overcome coaSt:tu-
ttoaa. objections. In the iar.T bill will
oe written Z clause empowering the
treasury 10 ;sSue certificates OF !H!ebt-
st7ess amounting to approximately
Stc5. 0oo. 900 which : the sum experts
believe the bonus VIII require the Nrs:
year. The authority WI be g!v"1 the.
n-etica!ly N an;!c!H "a cion o. receipts
s-cr, import duties. IN other words to
rect expenses OF the government tNe
treasury will borrow from tho p2blir -
the amount Of slo5.0o0.oo0 and probably
2ay II back from tar!, rere:its
Sut that will not De necessary. Sc.
cause BY July est me United Stac"7
government WI rece!v" 100000 900
.-om Greas .H-s:a!3 as :n:e-Ast o. the
co- deo.. This sum wi. nc used to
-e::-e trc treasury Certificates. PreS!-
lent HarI.nS would avt ?s:1rIs the
reaxu-y cer;!H >ateS 20 &c used a.
,ga!nSt -ece,pts % interest from for
sign bonds un:!l tho money IS actually
n the governments possession. 50 the
leaders are lacking the measure on he
:arGf bill. The best course would have
been 10 Ha.; until July tirSi and zen
.ssue treasury certificates. but aG:a:n!S-
ration leaders are embarrassed ~ tho
action o. III" Republican CoafA-e7rc Of
his week. which has Ordered tIc senate
fnaacc committee 10 report out 4 bo2rs
piI within a reasonable t:Tae. and by
now IS interpret Cd as meaning Two -
shres weeks Rather ;Aan a"ce2' ~"
aouse BIZ. which would be rU;i.a AM
rear = presidential veto. -" Se~,,te
leaders Feel the treasury ce-ci:ic7,., o.a0
vilI meet the wishes os the house ways
7nL means committee "a wcll az I'reSj-
deat Harding and would sac nuca
legislative time
70 use British Payment
20 issue the treasury certificate 81
ne expectation 'ha, ta-!H receipts W.
provide enough ron"v 70 re:;-n :hen
- necessarily doubtful. bu: the Rc2Yh-
rcen leadn-S 20 no. "n- :ncrr7t en-
ccct revenues ron l,npor: dr;!es 20
nay the hc7us-chay are confident oc
mo British interest. Treasury orfcia Is
confirm the information ;ha. tho British
will pay thn Interest on 70 first o..
rutv. Thts gives $500. nor. mo wA.ch NJ.
Mellon had already counted in haso-a
Z
4efc!e So x s1n5. 900 ,s used -o-
soldier eocIS purposes re toe,i d.fc!.
'o- the Asco, year 1875 VII, pc S5So.-
oco 900.
As 70 :h's dsfr!, ro7g-"e7 docs -.
oave 20 face I. before tAe D.ce-rhc-
session .. congress this yea- TIA.
means me congressional election vii:
90 over end ou- os tA~ way.
No Tax Legislation
One .h!ag can he written down a. c>rr,
,a.r There viii he 10 t"rth"- tax leg
fslat'or this s1rm"-. Republican Lad
ers havo agreed .po1 that Not or'y
would u ha politically urwiSe 70 add
faxes before m" elections wten alreaGy.
there Is so UTch dissatisfaction be-
cause Congress djdat materially reduce
The taxes IN the present statute. but Re-
publican !ea6r-s ar" convinced tha,
President TiarG'nc's suggestion oc q rev
method % taxation ought 70 be worked
out. Mr. Harding has been wen over %
:he sales :av. The main objection l,th.
.-to has been that e 4 were pu. ta;o
effect this year The political effect might
De disastrous as the country would
hardly have rim" enough tn adjust itself
% the 1ex tax WHOM n" elections would
inte-He,c But IN the Dccenbe- session
o, Congress. the Republicans .col they
win have a free hand and VII be able
bero-e tho 1924 election 20 correct any
defects In tie sales tax plan.
WIN Forget Dshcit
IT hr!er therefore. the administration
- getting ready 20 pay the soldiers their
bonus. % forget about the half billspn
dollar dct,ct, rn;il next December when
the elections are o3t os the way. and 20
consider seriously a sales tax as a sub
s.!tute for all present taxes. In add
ton to this. Il Is now practically GER
tain that when the British government
turns over IT, Four Billions os war
bonds 70 the T'n.t"d states government,
IRE treasury here VII lsndeavor 10 resell
hose bonds 70 n" Arnr7ican public and
thus get back into the treasury 4 big
alice OF the war debt ;:Se,f and t!dc tIG
American gov"rnr"nt over is n"Nt Few
rears os Grancia. stress Senator's say
British honr WIN an American "n-
dorsement VII; s"il rs quickly as any
bond on the marnet today.
Br1.1 rAvoRAGLY REPORTED.