South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-03-03
new BONUS PLAN
RECEIVED With
GENERAL FAVOR
Elimination of Cash Feature
Tentatively Agreed Upon
I'm Committee.
EXPECT SPEEDY REPORT
Compromise Believed Accept
able to Harding, American
Legion and Treasury.

WASHINGTON. March g. -
crmprom.se soldiers bonus plan
under which the cash feature
oala be eliminated where the for
rrlr service men would be entitled
ta more than $50 adjusted service
pay was agreed upon Thursday
tentatively. but unanimously Dy "a
special subcommittee of the repub-
lean members of tho house ways
and means committee
In the nature Of a substitute for
the discarded cash feature there
would be added 20 the adjusted
service certificate title a provision
which would cradle the men select
ing the certificate option 10 obtain
Immediately from banks a loan
equal 10 one-haIf Of the adjusted
service pay 20 which they would be
entitled on the basis of 81 a day for
domestic service and Sl,25 a day
for overseas service
Work out Details.
In announcing the compromise
agreement, Chairman Fordney said
fl probably would be a week before
all details of the loan provision
could be worked out and the orig
inal bill amended 10 conform 10 it,
Tie expressed the opinion that the
plan would be SO well received by
house mem bers generally that it
would not be necessary to submit
the new bill to a party conference
thus speeding up the time Of its
submission 10 the house.
Chairman Fordney and other
committeeman said they believed
the new plan would meet with gem
eral favor. I'm and out OF congress,
for three reasons. which were sum-
married as follows in formal
statement issued by Rep. Green. Of
Iowa. ranking republican on the
COMMITTEES.
THE needy veteran can OBJ
tain money as soon as his certificate
s. issued. and in greater amount
than IS provided by the cash plan
for the original bill.
"2-No large drafts TO be made
on the treasury until the expiration
or three years.
"3-No new taxes required.
Acceptable All Around.
Word went around among house
members that the COMPROMISE plan
was acceptable both TO Pres't Hard
ing and TO officers OF the American
Legion. and late i'm the day af ar
there had been informal exchanges
~ views among members in cloak
rooms and corridors ii was said
that apparently a strong sentiment
IN favor IF the new proposal was
developing.
Rep Garner. Texas. the ranking
democrat on the ways and means
committee. said that while there
probably would be some opposition
from the democratic side. il was his
opinion that a majority Of the dem
ocrats would support the amended
bill He thought the loan feature
would tend TO expand credits 20 the
extent OF nslf billion dollars and
thus result I'm some increase in the
cost ot living during the expansion
period
lesser OF Two Evils"
At the treasury department the
compromise was desert bed by Off
Gals as "Uhe lesser Of two evils
II was indicated that Sec'y Mellon
still was opposed TO the enactment
OF any bonus legislation at this
time which would cause q serious
drain on the treasury. but officials
said this plan would make the o.
uancing much less difficult than
would have been the case under the
original cash plan.
Members OF the committee
estimated that the cash payments
proposed in the case OF service men
entitled 70 not more tan $50 would
total 100000. To this would be
added several millions I'm admins
rr9tion COSTS and in putting under
way the other three options in the
bill. the vocational training home
and farm a.d aid land settlement
Dc was stated however. THAI the
total would be only drop in the
bucket compared 90 the 100000.
coo estimated for cash pawn ents as