Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-03-15
Plan For Suspension OF Rules
For Calling Measure Up In
House Discussed But Will
Await Return OF Gillett
From California.

washington, March .l5.-With but
q single change from the form in
winch 1t was approved last week by
tne ways and means committee ma
?orlty. the compromise soldiers bonus
bill was ready today for formal
presentation to the house. 1t was ap-
proved late yesterday at meeting of
the entire committee, the vote being
~ 70 with Democrats and Re-
publicans opposing the measure.
Republican leaders have discussed
plan to have the measure taken up
next Monday under a suspension Of
the rules. with possibly ten hours of
debate. but this plan will be con-
tingent upon the speaker entertaining
motion for suspension and passage
last night indicated that Mx Gillett
who is with President Harding's va
cation party might not consent to
consideration Of the bill under such a
plan as 1t would shut off all amend
ments and require a two-thirds ma
1ority but proponents still insist that
despite continued; opposition the
measure will get more than the two
thirds majority.
Another effort to add "A sales tax
provision to the bill was made yes
terday but an amendment by Repre-
=. sentative Bacharach, Republican,
New Jersey, for a levy Of one, per cent
ed 10 to S, receiving support only
from the Republican side.
One Change Made.
The only change made in the bill
by the entire committee before it was
ordered out would permit banks au-
thorlzed to lend money to veterans on
olscount them for other banks. The
securities, however. would not be re-
d1scountable nv athe twelve regional
federal reserve banks.
The amendment OF Representative
Andrew. Republican. Massachusetts,
proposing payment to the relatives of
. serYlcemen who died during the war
or since was not Incorporated in the
bill, j : :,
Speaker GiMett, before his de-
parture for; Florida with President
Harding, told Chairman Fordney not
to to ssss aspsnd .1rs rsntirely nnsn asuspens,on
bonus bill before the house.
Mr.. Fordney explained that the
Dill could be taken up next Tuesday
or Wednesday, under special rule
and. added that he was not opposed
to full and free discussion on the floor.
Indications today were that the
: 10 the house until tomorrow as the
committee report will not be COM
pleted and printed before that time.
Mellon and Crissingcr Differ
There developed a. difference Of
opinion between the treasury secre-
tary and the comptroller Of the cur
rency as to advising banks not to
make advances to former service mon
onsthe certificates. MIR. Mellon said
the treasury would not feel called up
on to give such advice, while Mr.. Girls
singer reiterated that national banks
asked his opinion said he would advise
against loans on such security.
In explaining his position, the
comptroller said there were many
banks in the west and also in the east
that held an unbelievable" amount of
''past due. and doubtful paper" and
that such banks probably could not
make the advances. He said it would
take from one TO five years for the
banks to work out the paper to which
he referred,
Secretary Mellon said it would be
betteN from an economic standpoint
for the trea surcr to borrow in the
first instance the 5000, 100000 which
1t was estimated the banks would be
called upon to advance on the certi-
ficates in the first three years from
the effective date Of the bill.
All three witnesses were subjected
to q cross fire of questions from both
Democrats and Republicans and at
times several members of the COM
mittee attempted to interrogate a wit
ness at one time. There were several
tits, most Of them good humored, be-
tween committeeman.