The New York herald., 1922-04-22
Finance Committee Repub-
licans Meet To-day to
Discuss Projects.
WILL HACK OUT A BILL
Houses Certificate Loan
Scheme Considered as Good
as Dead.
Ry LOUIS sEIBoLD.
Special Dispatch 10 The New Yoex Herald
New York Herald Bureau.
Washington. ID. c., April 81.

Ry LOUIS SEIBOLD.
| Special Dispatch 10 The New YoeK Herald.
New York Herald Bureau.
Washington. ID. C.. April 81. I
Promoters Of the bonus raid on the
public Treasury. both in and out OF
the American Legion are losing pa
tiencc with the Senate. Following the
example set by Commander MacNider
of TIE legion, bonus propagandists
have set up a clanor for immediate
action on the s5,o0o00o. 900 scheme
which must be paid by the people in
the form of taxes.
Mr.. MacNider addressed telegram
to President Harding while the bonus
raid was before the House practically
ordering him to use his influence on
Congress to advance tie pending
measure ahead of any other class of
legislation.
Bonus propagandists now have
turned their attention to the Senate
and, according TO one of the official
spokesmen for them. there must be
no more nonsense about this thing or
Senators who want 10 be reelected Will
lose lot Of votes they will need In
TIE Congressional contests
Tendency Toward Quick Action.
| While no response has been made
10 this declaration, there developed
among bonus Senator'S to-day a de-
cided tendency to speed up action in
the Finance Committee. OF which
Senator McCumber OF North Dakota
candidate for reelection. by the way
lis chairman. Other Republican
members OF the committee wto are
candidates for reelection are La Fol-
lette fWis.). Mclean (Conn.) and
Sutherland wv. Va-).
Senator McCumbcr said this after
noon that the Republican members Of
the committee would get together to-
morrow morning and discuss the vari-
Gus projects-most of which have
been rejected as impractical by the
President and Secretary Mellon-for
financing TIE bonus scheme AS far
as could be learned to-day the bonus
Senator's have not found a way out OF
the haze in which they have been
wandering in quest OF plan for pay
ing the bill of the bonus that will be
acceptable to President Harding and
the executive branct of the Govern
ment.
Bonus Senators who are candidates
for reelection and their more fortu-
nate associates who will not be COM
PEELED 10 seek votes this year are ex-
erting every pressure on the Finance
Committee TO produce a bill that will
stand the test OF legislative analysis
even IL II fails 10 approximate the re-
ouirements set up by President Har-
ding.
BuI OF some Sort Expected.
That some sort OF a bonus bill viii
be prepared is the impression Of sena-
tors both for and against tic scheme
to wiring more taxes out of tho farmer,
the industrial worker and business
generally TO reward further the SER
vice mon clamoring for Government
money.
In the calculations OF these Senators
the sche 10 order the Treasury 10
uc ,rt term certificates redeem
ablc aen foreign. debtor nations meet
tteir obligations seems TO be looming
out Of tho confused mass OF intangible
or impractical suggestions.
H.. ~. 81.
which IS not regarded with favor by
the agricultural bloc' and would GER
tainly fail to receive the approval Of
the politically panic-stricken MEM
bers OF the lower house, who ignored
the advice OF tEc President and Secre-
tary Mellon by putting through the
makeshift certificate loan plan.
This scheme Is az good as dead In
the Senate. IL is understood that only
two men OF tho Finance Committee
persist In urging II as the most con-
veniert way out OF the existing
middle These are Senators McCum-
Der and La Toilette, both candidates
for reelection. Even the sponsors for
the certificate loan venture In the
House now admit its mpracticability.
Expcdicnt for Passing Buck.
In a speech in Philadelphia the
other night Mir. Fordney admitted II
was merely an cXpedient designed TO
give tho Senate something 70 work on
and presumably enable tie House 70
pass the buck 10 the other wing of the
Capitol. Mr.. Fordncy expressed the
opinion that the Senate would amend
tho bin 10 provide for tho use OF the
foreign debt despite the positive state
ment made by Treasury officials that
money received from that quarter
could iani hn nand Cor hr,,i,s tnitrrnnaeu