Arizona republican., 1922-06-01
BONUS BILL.
is APPROVED
BY ACTION Of
GO NJ N I TEL:
McCumber Proposes To
Report Measure To Sem
ate WithinF F Fews Days, Ex-
poets Action Before Tariff
TRepubIican A. p. Leased wire1

IRepubican A. p. Leased Wire1
WASHINGTON. May 31-The
house soldiers bonus bill, amended
in several important particulars, but
with the much discussed bank loan
provision retained was approved to-
day by the senate finance committee
by a vote of 8 to 4. Chairman
McCumber proposes to report the
measure to the senate within a few
days and said he hoped to get action
on it before the passage of the tariff
bill.
The more important alterations
made in the house measure We're:
The changing of the effective date
of the legislation from next October
/ to January 1, 1928.
Removal of the time limit for
filing applications by world war
veterans for adjusted service COM
pensation.
Abandonment OF the reclamation
plan and the substitution of pro-
vision under which veterans would
be given preference in making entry
on public or Indian lands when
opened to entry.
Elimination of the forfeiture pro-
vision under which veterans failing
to pay loans made by banks of the
government on adjusted service cer-
IlIlcdleS, WOulQ nave AOi4SANSu thSil
certificates.
Under the amended bill such vet
Grams could reclaim their certificates
at any time before their maturity
20 years from the date of issue upon
payment of the SUM they We're in
default, plus interest at 4 Il per cent
compounded annually.
Approval of the later house meas
ure, commonly called the McCunber
plan. was voted by the committee
after rejection. to 3 of e. measure
offered by Senator Smoot of Utah,
ranking committee Republican, pro-
posing paid up life insurance in
lieu of all other forms of comrS-s :
sation. In addition to its author.
senators supporting the Smoot bill
were Calder. New York; Dillingham;,
Vermont: Frelinghuysen, New Jer-
sey, and Mclean, Connecticut, all
Republicans.
Mclean Breaks Tie
On the vote for the McCumber
measure. Senator Mclean broke the
! lie that had existed among the ten
Republicans Of the committee as be-
tween two propositions. Besides MIR.
Mclean. those supporting the
amended house bill We're McCumber.
North Dakota; LaFollette, Wiscon-
4
| sas. and Sutherland, West Virginia,
| all Republicans and Simmons, North
! Carolina; Walsh. Massachusetts and
| Gerry, Rhode Island, Democrats.
! Senator Simmons, ranking minor
! ity member of the committee, said
/ the Democrats supported the Nc
| Cumber plan not because they
| favored it but to obtain quick action
on bonus legislation.
Neither President Harding's views
with respect to the bonus nor
methods of financing the legislation
entered into committee discussion,
| senator's said Leading proponents
| of the McCumber plan expressed the
belief that this plan would prove
not unacceptable to the committee
/ since ii called for no heavy expend1- :
/ lures during the next three years
/ that would require either new taxes
kor any large drafts on the treasury
! Chairman McCumber said that
after the first three years the neces-
| sary funds probably could be sup
| piled from interest on the refunded
| foreign debt. AS now drafted the
/ bill is simply charge against the
federal treasury.
The bonus bin IS certain TO lead
to a long fight in the senate. The
| Democrats express themselves as
! not at ali pleased with its present
form and have indicated that they
/ will have a number of amendments
| TO offer. Senator Smoot plans 10
offer his insurance measure as a
substitute and may introduce the
issue OF the sales tax into the DIS
cussion. Opponents of bonus IN
any form, who include Senators
Borah, Idaho; Moses, New Hamp-
shire: Wadsworth. New York, Re-
publicans, and Williams, MISSISSIPPI
and Meyers, Montana, Democrats
are preparing for a determined fight
/ on the bill. >,
Under the bill as the senate viii
receive it, the amount Of conpen-
sation credit for veterans Will be
computed on the length of service
/ less the $50 bonus paid the men al
the time of their discharge from the
service, but would not exceed sow
! for those who had only domestic
service and $626 for those who saw
service overseas.
A cash bonus would be paid only
to those veterans whose total credit
did not exceed 500.