Arizona republican., 1922-03-10
Currency Comptroller
Advises Against Loans
On Bonus Certificates
[RepubIiean a. ?. Leased WHO


WASHINGTON. Mar. 9 - While
announcement today by Comptroller
of the Currency Crissinger that If
passed he would advise national
banks not to accept adjusted com
pensation certificates as security for
loans to former service men. created
stir among members of congress
leaders regarded it as unlikely that
his stand would sweFVe a majority of
the ways and means committee mem
berS from their determination to re-
port the measure to the house.
With opponents Of the legislation
conceding that the bill would have
enough friends in the committee to
reach the house with a recommen-
dation that IL be passed, speculation
centered on the attitude of the cur
rency comptroller. and it's probable
effect. There was considerable talk
among members in the Hobbies, most
of the Representatives taking the po-
sition that it would be best to pro-
ceed with the bill as drafted by Re-
publicans on the ways and means
committee but members of the COM
nittee were reluctant to express their
views.
Republican leaders, however. fndi-
Gated there would be no change in
the plans for consideration of the bill
by the ways and means committee
ON Saturday with the expectation
that it will be reported at that time
and for a vote on the measure under
suspension of rules a week from
Monday.
Twice during the day the bonus
question broke into the debate on the
floor of the house--once when Repre-
sentative Knight, Republican of Ohio,
denounced the bill as 'indefensible
from either the economic or patriotic
standpoint" and again when Repre-
sentative Luce. Republican of Mas
sachusetts, protested against the
plan to take the measure up under
suspension OF rules, which would
limit debate to 40 minutes under or
dinary procedure and would shut off
amendments from the floor.
Mr.. Luce declared it was proposed
that the house after spending hours
in desultory debate on questions of
little importance. devote only 40 min
utes to a discussion of zone of the
greatest questions this congress has
had to deal with" He contended it
would be only to the best interests
of the Republican party, but the
house If time were afforded members
to discuss the bonus question freely
and fully"
Another development in the situa-
tion was the announcement by Rep
resentatiye Mills. Republican OF New
York. selected as member of the
ways and means committee to sue
ceed former Representative Hough-
ton, resigned. that he was opposed
TO the bonus bill. He indicated that
he would vote against a favorable
report of the measure
GULL BONUS OPPONENTS
CHICAGO. March 9-The soldiers
bonus is going to be passed for hu-
manitarian reasons and not as a po-
chairman of the house ways and
speech before a meeting of the Amer
ican Wholesale Lumber association.
I'VE are going to report the bill
Saturday morning. ask a suspension
of the house rules on Monday morn
ing, and rush it through before ev-
erything else" he said.
THE bonus bill. as we have it
now, will pay the soldier a dollar a
day for 500 days of home service, or
S125 a day for 500 days of overseas
service. He also can receive a. 20
year paid up insurance policy on
which he can borrow 80 per cent of
his compensation from a bank.
During the war while these boys
were overseas $500 strikes We're car
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