The New York herald., 1922-03-11
Continued from First Page.

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that right along. He did so tonight
without cracking a smile.
The most important announcement
made by the Ways and Means chair
man showed that he is still determined
to jam the bonus bill through the
House regardless of tie wishes Of the
President and the other leaders OF his
party He said he still believed the
insurance certificate loan plan is feast
bile and acceptable to the people OF the
country. He is not in favor of any
amendment, and expressed his de-
| termination to not only oppose the
adoption of any in the committee but
also when it is railroaded through the
! House.
He said the postponement of the
committee meeting tomorrow was be-
cause some of his fellow members
would not be in town. When his at
tention was called to the declaration
of Comptroller Crissinger that he
would not permit national banks to
lend the money of their stockholders
and depositors on the insurance GER
| tificates Mr.. Fordney persisted in the
/ statement that "the plan is all right"
Indifferent About Senate.
! Further than this he would not dis
cuss Mr. Crissinger's statement He
| indicated complete indifference toward
| the predictions as to the future OF tie
I bonus bill after it passes the House.
1 The Senate is unquestionably opposed
to it. 1t is doubtful if it would get ten
votes in that body.
The confidence of Mr.. Fordney that
his plan for jammng the discredited
insurance certificate plan through
without amendment does not appeal
to great many Of his associates. De-
spite Mr.. Fordney's declaration that
he will not permit the amendment of
his bill many Republican members to-
day expressed their determination to
correct obvious defects in it. In the
prevailing confusion they suggested
all sorts of methods for overcoming
the objections raised against the in
surance certificate loan bill Some of
the proposals advanced to-day were:
1) Amending the measure to
make the insurance certificates ne
eotiable and transferable in trans
actions between banks. in order to
prevent the freezing" of resources
of the smaller institutions and the
rediscounting of them by the larger
banks
al hn
up in the present bill to prevent
the certificates from falling into the
hands of pawnbrokers. usurers and
loan sharks. on the theory that the
certificates belong to their owners.
who would have a perfect right to
obtain loans or even sell them in
the most available market
(3) The creation of national
board to pass upon agencies in
which loans (and even sales) may
be authorized.
(4) The adoption OF modified"
sales tax to apply only to manu-
factured products coupled with a
bonding plan based on deferred
payments on the foreign debt ac-
count, said payments TO begin ten
years hence.
t5) The adoption Of President
Harding's suggestion that consid-
Grafton of bonus legislation be post
poned for the present session.
want to Get Rid OF Nightmare.
OF all these schemes for keeping
Congressional promises TO "the soldier
boys there is the least enthusiasm for
the proposition TO abandon bonus Leg
isIation. The majority of members
appear to be willing to take any OF the
other four they can get any one, in
| fact, that will rid them of the bonus
nightmare. Some of the members who
are opposed to the bonus under any
circumstances but who possess a sense
of humor find the situation most en-
tertaining.
The larger number Of Representa-
tives who have been cajoled or coerced
into believing the American Legion
and other propa sandists can defeat
them in the coming elections. display
\ transportation over the failure of Mr.
! Fordney to produce the goods" or re-
fleet a querulous impatience toward
the President Secretary Mellon. Comp
| troller Crissinger and the people of
the country who oppose the bonus.
Several new propositions were pro-
iected into the situation to-day. One
was the movement started by the off,
cials OF the United Veterans Of the
Spanish American War, who demand
I that all those veterans be included
among the beneficlaries If any bonus
legislation is enacted. There are APP
proximately 100000 Of these who
served about FIVE months when the
pay was SIS a month.
If these veterans were included II
would add another $15o.000,0o0 to the
/ S5,000.Ooo.000 insurance certificate
loan plan. Another proposition
brought forward is to include IN the
provisions OF the five way" plan the
relatives Of the soldiers who died dur
ing the world war. AT least another
si00.000,O00 would have to be raised
to nay claims OF this character.
Amendments including these and
other suggestions will be offered in the
] House unless the gag rule" is in