, 1922-03-16

Continued from Page Onel
is believed n majority OF the soldiers
viii not in any event. ask for a loan
upon b CERTIFICATES unless they have
soms special need for the money. IT is
estimated by the committee and the
treasury that 10 per cent Of the veter-
ans will take the certificate plan. As
suming this to be correct. tho utmost
that could be loaned By the hanks. II
all applied for loans would $3.50. ooo.-
600.
The committee feels afs In assum-
ing That not TO exceed one-half of this
number ts5 per cent? VIII make appli-
cations for loans during the whole pc
riod: In other words. hat not more
than s375 5000 900 win be borrowed
from the banks and thai this sum Is
much more than win be out at any
one time. The total smount Of the as
sets of the national banks Is approx
mateiy SIS. 900 .0o0, 900. The assets OF
the other banks are larger. making a
total of about $40. 900, 900 600 The
percentage Of money which win be
| drawn out Of the banks by this plan. is
therefore. very slight compared 10 the
total amount Of the assests of the
banks.
at has. been suggested that some
plan Of taxation to meet the estimated
expenditures under the bill ought TO
be brought forward in connection with
Il. A label In submitted showing that
the expenditures under the bill during
b fiscal year ending June 30. Ie23,
cannot exceed SIS 900 900. and amer
having casefully zone over
| and estimated expenditures during
hat jeriod. the majority of the com
mittee Is satisfied that no new tax
alton nor special provisions are needed
until after the expiration Of that fiscal
year"
Another objection that was siren
| uot1sly urged to tho original plan was
| that the and settlement plan might
| be enormously developed to include ir-
rigation and other projects not only
J for the service men. but for tho pub
uo generally. While tho committee
I aid not feel that tho original bill could
be properly construed. 1t concluded to
remove all doubt by providing express
ly that no applications under h land
settlement plan could DO received from
any except those who had service in
the recent
"A ommon argument made against
| inc Dill In lis pEoScAl AoLA 6N- ao
country Is not financially situated 30
as t carry ~. any plan for ABDUCTED
compensation at this time. The same
| objection was made two years ago,
N the inquiry naturally arises as TO
when the country wnl be ready.
1.-The majority of h committee be.
ueve that is no question as To ability
OF this country to meet the require
ments OF this bill without in any way
| Affecting business conditions injur-
4 iously. The United States pronted
largely by the European war for Two
years. After 1t entered hi wal. many
largo fortunes were made, many great
ly increased. and an immense number
OF people profited largely by the war.
While this country, by tar theefrichest
and best ituated financially OF all the
nations OF the globe has been hesita
ting and delaying h matter Of Civ
ing additional compensation to it's SOL
diers, other countries, and among
them some OF those VINO suffered most
by tho war. and are now the poorest
awe acted promptly in this respect"
WASHINGTON, March ia petit
lion for a conference OF Republican
house members for next Monday night