The New York herald., 1922-04-17
Statement Prepared by
Actuary to Be Presented
to Senate Committee.
BLOC TO GET WARNING
Cost of Farm Operations Also
Would Be Increased Indi-
rcctly by Raid.
ny LOUIS sEIBoLD.

Special Dispatch to THE New Yoak HERALD.
New York Herald Bureau
Washington, ID. c., April Is.
What the bonus raid on the public
Treasury means TO the American
farmer is clearly revealed by estimates
made by officials OF the Treasury.
For one tLing it means that the
rural farm population of the country
will have to pay As per cent. Of the
bonus bill. For another 1t means that
each of the 6,O00,O0O farmers will have
to pay at least 800 in the form of ad-
ditional taxation in the next four
years.
There will be no way for the over
burdened agriculturalist, already suf-
fering from stagnant business condi-
tions and embarrassed in procuring
banking accommodations, to escape
payment of this $100 If the bonus raid
is legalized by law.
Treasury officials who have made
an exhaustive analysis OF the matter
declare the money to pay the bonus
must be taken from the farmer as well
as the manufacturer, the shoplseeper.
the'clerk and the industrial worker.
Statement to BE Presented.
A comprehensive statement showing
what the bonus actually means to the
farmer WIN be placed before the Sem
q 10 ttac v,., xxfkt kt,l
Wednesday next will begin considera-
ton Of the certificate loan bonus
scheme passed by the House OF Repre-
sentatives.
Senator's and Representatives identi-
fled with the agricultural interests
who lave been coerced by threats of
political reprisals from the American
Legion and other bonus propagandists
probably do not realize that As per
cent. OF the money to liquidate their
political contracts must be wrung
from the farmer.
Senator's and members affiliated
with the agricultural bloc arc gener-
ally for the kpnus. largely because
within the power OF bonus claimants
10 defeat them for reelection. Up to
date they have paid little attention to
the protests coming from their agri-
cultural constituents because they be-
+, lieve the farmers Of the country would
not be compelled to contribute to the
payment Of the bill.
Officials of the Government have at
tempted to make il clear to Senators
| and Representatives, however. tha:
the only way to raise the 5000. .000. 900
which will be necessary TO finance the
payment of money to cx-service men
is either in cash or in the form of
certificates calling for it later on
through the imposition of further
taxes.
The attitude OF the members OF the
House Of Representatives was tina,
this statement was joke. The only
thing they cared about was to place
themselves on record in favor of a
bonus tosthc soldiers who demanded
additional payment for their patriotic
services. That which was true Of the
House of Representatives also applies
to some members of the Senate In and
out OF the agricultural bloc.
Like their associates in the lower
house, these Senator's are concerned
only with placing themselves ON record
in favor OF the bonus so as TO entice
support in the coming elections. A
few Senator'S who have analysed the
bonus proposition thoroughly believe
the farmers of the country will bitterly
resent the imposition OF further taxes
on their already overburdened shoul-
ders to pay the bonus BILL The infor-
nation received BY them from the
Confined on Page Two