The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1922-06-03
BONUS BILL
TO BE PUSHED
IN SENATE
a9<N.EA%NF WQ-NL|N 81 H.

~
ing House Plan with
Loan Feature Fore
cast
washington. May 2s-Approral
by the senate finance committee on
sWsdnesday OF a soldiers bonus
bill following closely along the
lines Of the house measure with
its bank loan provision was fore
cast today by members OF that
committee. Republicans and DEM
ecrats, after the subject had been
discussed for nearly two hours.
An informal canvass of the COM
mites today indicated that the
naenlbers we're divided niletto SIX
FOR the houseSlneasare with some
ysnodifcatsons-the so-called Nc
Cumber plan. Five members, all
Republicans. were reported to IA
for the Smoof proposition OF paid
up life insurance for the veterans
IN lieu of all other forms Of cem-
persation, while one committee
man, Senator Williams. Democrat,
Mississippi, was understood to he
opposed to any bonus legislation.
Whether a land reclamation
provision IS to be included in the
sMcCumber plan is an open cues
ton ard consequently it may be
some time before a bonus bin is
reported to the senate. Chairman
NcCumber is anxious, however,
that the bill be reported out IN the
immediate future and ne expects
to press for action as speedily as is
possible.
After reaching the senate the
bill, in the usual course. would go
TO the senate calendar to remain
qren called UP by Senator McCum-
Der. There is a diffefencesof epin-
ION among Republican leaders as
to whether the bonus should dis
place the tariff biiIsaf any time
soon s. the probable time at which
the senate will get into the bonus
fght is Indefinite.
Senator Mecumber OF the
opinion that the senate can dispose
OF he measure with few days of
consideration, but this view is not
shared by all leaders. Opponents
of a banns In azHornas we'll
as opponents of the amended
house bill are prepared for q long
discussion OF the question.
Both the Mecunaber and smoot
plans have been outlined in some
detail to President Harding with
a view Of obtaining an expression
of opinion from hiTa, hut the COM
mittee went ahead today with their
consideration without having re-
ceved any word from the e4eeu-
tive. Proponents of the McCumber
proposition belisye that he will
approve that form Of bonus If
passed by congress. but publicly.
at least, the president has given
no Indication of q change of mind
since he told the house ways and
means ceEmiteet to finance the
bonus with a sales tax on post
pone enactment OF the legislation.
Aside from apreTfsion 70 pay
cash to veterans whose eompensa-
ton would not exceed $50, the Nc
Gumber plan would provide for adj
justed service certificates on which
banks would be authorized to loan
funds during the first three years
and the treasury thereafter dur
ing the twenty years Of the life of
the certificates. The certificates
would have a face ralue equal to
about three times. the amount OF
the veterans. adjusted service
credit at the rate of 81 a day for
domestic service and s1.25 a day
for foreign service and the total
you'd be payable at the end of
twenty years or sooner upon the
death of the holder.
There also would be provisions
for vocational training and home
and farm aid. These and the cast,
and certificate features are almost
identical with those in the house
bill, but the land settlement, or
reclamation feature, in the house
measure has been eliminated. There
Is a movement in both the senate
and house to have some kind of a
reclamation provision put back into
the bill and a special subcommit-
tee of Republican members of the
finance committee opened hearings
today on the question.
Washington, May sd.-The bill
commonly known as the McCugn-
Der soldier bonus plan has been
ordered favorabls reported by the
senate finance committee by a vote
OF nine to four. The effective date
OF the bill was changed. however,
from next October fst 70 January
1st. 1928, after Senator Walsh,
Democrat, of Massachusetts, told
the majority members that it
would take six months to get the
bonus machinery in operation.
The Smoot plan providing 70,
paidup life insurance. instead of ali
other forms of compensation was
defeated by q vote of eight to five.
~
Philadelphia
Society Leader
Arrested