Evening journal., 1922-04-22
ASK BONUS OUT
OF Foreign Debt
Continued From First Page. ,

CONTINUED From First PaEo.)
"a candidate for recollection, by the
way-is chairman. other Republic
can members Of the committee who
are candidates for recollection are
La Toilette (Wis.). Mclean CConn)
and Sutherland CIV. Va.)
Senator McCumber said the Re
publican members OF the commit
tee would get together today and
discuss the various projects-most
of which have been rejected as i'm
practical by the President and Sec
retary Mellon-for financing the
bonus scheme. AS far as could be
learned, the bonus Senators have
not found way out Of the haze in
which they have been wandering in
quest OF a plan for paying the bill
Of the bonus that will be acceptable
to President Harding and the ex-
ecutive branch of the government
Bonus Senators who are candi-
dates for reelection and their more
fortunate associates who will not
be compelled to seek votes this year
are exerting every pressure on the
finance committee to produce a bill
that will stand the test OF legisla-
tive analysis even IL II fails to ap-
proxlmate the requirements set up
by President Harding.
Bill OF Some Sort Expected.
That some sort OF a bonus bill
will be prepared is the impression
OF Senators both for and against
the scheme to wiring more taxes
out OF the farmer. the industrial
worker and business generally TO
reward further the service men
clamoring for government money.
In the calculations of these Sem
ators the scheme TO order the Treas
ury 10 issue short term certificates
redeemable when foreign debtor ma
tlons meet their obligations seems
10 be looming out OF the confused
mass Of intangible or impractical
suggestions.
Next in preference is the sales
tax. which is not regarded with IA
vor by the agricultural bloc and
would certainly fail to receive the
approval OF the politically panic
stricken members OF the lower
house. who ignored the advice OF
| the President and Secretary Mel
lon by putting through the make
shift certificate loan plan.
This scheme Is as good as dead III
the Senate. II Is understood tha'
orlv two men Of the finance com
mittee persist In urging II as the
most convenient way out OF the OK
lstinR muddle. These are Senators
NcCumber and La Toilette, botf
candidates for recollection. Even th'
sponsors for the certihcate loaI
venture IN the House now admi
It's impracticability.
Fxpedient for Passing Buck.
In a speech in Philadelphia th'
other night Mr.. Fordney admitted
4, was merely an expedient designed
~ rive the Senate something to worE
y, and presumably enable the House
+o ndss the buck TO the other wini
~ the Capitol. Mr. Fordney ex
,rossed the opinion that the Senate
would amend the bill TO provide TO
the use OF the foreign debt desplt'
tbo nosltive statement made b.
Treasury officials that moHey re
ceived from that quarter could no
he used for bonus purposes withou
repealing existing laws.
The foreign debt scheme neverthe
less IS coming in for more atten
ton in the Senate than some or IN
more bizarre proposals submitted
nv honus advocates. More is ikel
to he heard OF Il during the gyra
tions OF bonus Senators previous =
the framing Of a hill by the hnanc
y committee.
u Secretary Mellon and other Treas
urv officials will have 20 he heard !
connection with the foreign deb
, suggestion. Unless they have rad
IL cally changed their opinions the
will prove that Il Is contrary 10 La
and impracticable. The chief res
= son they have given for their OF
position to the scheme is that theI
Is no telling when any Of the debtC
nations will come across with ar
ar part OF the vast amounts they ho
rowed from this country during y
war.
ed Bonus Senators who are turnir
TO the foreign debt scheme pin the
hope on Great Britain TO pay ,
Us enough money TO take care Of q
II first cost OF the bonus bill. n
Treasury has already shown IN
beyond acknowledgment Of
no debt 20 this country Great Brita
on has made no actual provision Z
taking care OF any part of g.
Roth Republican and Democra'
'r- Senators are manifesting conside
n able impatience with the Finar
od Cor,1 ,1r,,fffeo-n1f,,oet ae r,,uct IN %
as the outside bonus propaganda