New Britain herald., 1922-06-08
If All Vets Take Cerifi- cate Plan However, Cost Would Mount up to S4,486,5%,975
Chairman McCumber Wants Immediate Action But Lengthy Delay Is General ly Expected.

Washington, June 8.-An effort to senate today was blocked by Senator Williams, democrat, Mississippi. Chairman McCumber of the finance committee gave notice that he would make another effort later In the day to get the measure to the senate cai- endar.
 Chairman McCumber of the finance committee will offer an accompanyinR report placing the probable cost to the federal government at $3,s45,- e59,4s1 spread over a period of l3 years from next January 1. This is approximately s26o, ,ooo. 900 less than the estimate under the house bill, which was s4,oss,71e,a5o, payable over 20 years
 Cost Might Be Billion.
 The senate bill estimate was pre- pared by treasury experts and is has- ed on the theory that 75 per cent of the 4.45s,19s veterans who would be eligible for compensation would elect the adjusted service certincAte option: 22h per cent farm home and
  half per cent vocational training aid. Should all of the veterans select the certificate plan the total cost would be $4,4s6,545,975.
 Financing Methods.
 With reference to financing the legislation, Chairman McCumber's re- port said it was hoped that the re- duction in governmental expenditures plus the payment of interest on the refunded foreign obligations would be sufficient to obviate the imposition of additional taxation.
 Taxes Possible later
 If # does become necessary to im- pose additional taxes" the report con- tinued, it is believed we can better determine the amount of the neces- sary levy and the methods of distrib- uting such burdens for the future at a later date when the future condi- tion of the treasury will be more &C., curately established.
 Want Foreign Payments.
 As to the refunded foreign obliga- these soon would be obtained and that it will be possible for the for eign governments to provide for tho payment of interest there- on, so that such interest can be used toward defraying the expense caused under this act"
 $242 100000 in Years.
 Senator McCumber explained that an attempt had been made to reduce to a minimum actual cash payments under the bill during the next three years while the treasury is engaged in refunding the nearly seven billions of dollars of maturing government The estimated cost of the bonus for these three years was $242, 100000.
 After its presentation to the senate, the bonus bill went to the calendar where it will remain until there is an agreement to call it up. Senator Mo- ~umber and some other proponents desire early action but several re- publican leaders are opposed to side tracking the tariff bill as they expect he fight over the bonus to consume 1t least a month and perhaps six weeks.
 Is Different Measure. 
 This measure differs somewhat rom the house bill and very widely rom the bonus bill that was report d to the senate last year and later sent back to the finance committee 1t the request of President Harding. The most important change from the original measure is the elimination of he cash bonus and reclamation fea- ures. As now drafted the legislation would give each veteran the right to elect any one of the following plans:
 Various Plans.
 Adjusted service pay, but only if is adjusted service credit did not xceed $50.
 Adjusted service certificate with
 (Continued on Twelfth PaTe)