New-York tribune., 1922-02-28
Tie and Eordncy Sec EIar-
ding; Suggest v aiting
Proceeds From Sale Of
Foreign Debt Securities
Political { ,oN ards.
Asserts 1on@sw o,'l|,
"i'I May II" Reported 10
House io~t'ay W ili,ou'
RcNcnue-Rai~'l's Plan

fon TIE Irfott-s Ynsl5~-tcn E,u.o,l
WAsN1NGION. Tcb ~. After i,
conference with the President to dav.
Representative Nondcil. the Ecpnbli
can leader susreefed Al postpouoment
% House action ON tho bonus bill Tor
lttlo w'lo longer Nc Noudcu
added chat ss Va wcl tnovn that
Tho House iafended to pa bonus
measure al thl5 session. no harm would
be done by delay that ould permit
tho situation to clca, NJ Nondol
was accompamcl 10 the White House
by Chairman ioednc1 Of tho Ways and
Means Committee
Tho attitude q Mr NondcN Is 70
Nsit until funds from the sale Of for
oisn bonds arc available He would
paY thr bonus from that source. To
gother with anything that may accrue
rom the Increasing difference between
government lncomc and expenditure.
Il is understood thai both MIR. Nordcn
and Mr.. Fordnc. told tho President o0
the action of the pccial House com
mittee IN rejecting the Presidents pro
posal ttat fhc bonus be dnanced by 81
sale tax and Of approving instead a
Bill that world provide no spccial
mean OF raising the revenue
Hope Handing VIII Asrco
A'ahoueh tncrc va nothing 10 con-
firm the bciof 'hat President Nard,no
would be agreeable 10 such 4 course
a that outlined bY Chairman rordney, t.
1t vis pointed out that seyerai promi
nen members Of both the Scnato ana
bouso say they have eceivcd word
tha' fe would not oppose tho rse OF
the iorelgn socur'ties provided the
plan .ad the sanction Of the loi eien5
debt funding commissions
he eltuatlou of mcotins the pay
monte II trying ono. rs most Of the
mans proposed for raising the moncy
have nat met with cenersl approval"
sald Representative Mordell. follow
ing the conference With iha President
We are sall hoping for some little
eeN between expenditure and income.
y the genera conditions OF the coun.
try improve ~" have ctcrS reason
to believe in THE NOT distant fulure.
'hc income VIII increase under opera
ton eli present reNonue laws.
lin The near future wo can sccure
funds through the sale oe foreign So
curltios Taking that into conaidera
tom. it would not he such an c1traor-
dnarg thing at This time If CONGRESS-
felt chat il va rot 90 led unon 10 make
all tho nrotisioN needed for the pur-
No'o Of meeting all the demsnd= on the
l'caspry for adjusted compensation.
s.,,- tf,,e, ". ~ D. r,.r,
"Consres9. at leaes tho House. VIII.
IN ny opinion, pas the bii. My own
notion If that. II beng very vel un
rodstood that The House pill pa the
Legislation IT might we'll be iho part
Of wisdom not to press the matter for
immediate consideration. aa fhc sltua
tion With regard to matter have re-
forrod ~ IN the not distant future VIII
clear un.
Tho sentiment which ,gn dominate
the Navs aud Means Committee meet
lOg Tomorrow Is apparently for re.
porting the bill to tho House with the
five option aud without any speciai
method OF bearing the burden OF pay
mont The original bin merely calls
for the money 10 be appropriated out
or general fund.- IN the Treasury mot
otherwise appropriated The sub-com
headed by Chairman rorjnov. voted
last week by to IN fsYor of that
action
Representative Nicholas Lon~worth,
or Ohio, prominent Republican member
o. the coinlnltfeo. characterized the
move to-day o. "tas most arrsnt piece
OF political cowardico have ever heard
To bring ou' the measure as is pro
ncsod. said MIR LoNcworth is mean
nslesa. Congress, he explained,
wopld havo 10 pasa another bill author
ling the Treasury to issue certificates
O Indebtedness which would actually
he sn appropriation, should it pass the
bonus hill without specific provisions
toA meeting tho payments
Predicts Harding Veto
He declared emphaticslly that Pres'.
dent Harding would veto such bill Il
sent to him
Chairman Fordney va rather non
oommittal about his visit to the White
House II said THAT the situation was
unchanged by TIC conference and that
he was prepared to vote tho measure
out of comwittee e the majority 50
deaires He declined to indicate what
Kind OF bonus bill he would vote 10
present 10 Congress but stated he
would so With the majority i'm what
ever way they wanted
"Ihe President is against mortess-
ing any foreign bonds Until VIC have
(Cortlnusd nm nan. fcu,,