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 YoeK HERALD
I New York Herald Bureau.
J Washington. ID. C., April 81.

New York Herald Bureau.
Washington. ID. C., April 81.
Promoters of the bonus raid on the
public Treasury, both in and out OF
the American Legion are losing pa
ticncc with the Senate. Following the
example set by Commander MacNider
of TIE legion, bonus propagandists
have set up clamor for immediate
action on the ,000.000,000 scheme
which must be paid by the people in
the form of taxes.
Mr.. MacNider addressed a 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 propagandsts 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 TO be reelected will
lose a lot of votes they will need In
TIE Congressional contests"
Tendency Toward Quick Action.
\ While no response has been made
to this declaration, there developed
among bonus Senators to-day a de-
cided tendency to speed UP action in
the Finance COMMITTEES. of which
Senator McCumber of North Dakota
candidate for reelection. by the way
lis chairman. Other Republican
members OF the committee WHO are
candidates for reelection are La Fol-
lette (Wis.). Mclean (Conn.) and
Sutherland (W. Va.).
Senator McCumber said this after
noon that the Republican members OF
the committee would get together to-
morrow morning and discuss the vari-
Gus projects-nost of which have
been rejected as impractical by the
President and Secretary Mellon-for
financing tie bonus scheme. As far
Senators have not found 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 branch of the Govern
ment.
Bonus Senator's who are candidates
for reelection and their more fortu-
nate associates who will not be COM
PEELED to 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 II II fails TO approximate the re-
qurcments set up by President Har-
ding.
BiI OF Some Sort Expected.
That some sort OF bonus bill will
be prepared is the impression Of Sena-
tors both for and against tic scheme
to wiring more taxes out of the farmer.
the industrial worker and business
generally 10 reward further the ser
vice mon clamoring for Government
money.
In the calculations of these Senators
the scheme TO order the Treasury to
issue short term certificates redeem
able when foreign. debtor nations meet
tteir obligations seems 10 be looming
out Of tho confused mass OF intangible
or impractical suggestions.
Next In preference Is tho sales tax
which is not regarded with favor by
the agricultural bloc and would cer-
tainly fail TO receive the approval OF
the politically panic-stricken mem
bers OF the lower house, who ignored
the advice of tLc President and Secre-
tary Mellon by putting through the
makeshift certificate loan plan.
This scheme Is aS good as dead In
the Senate. ft IL understood that only
two men Of tho Finance Committee
persist In urging II as the most con-
venient way out Of the existing
muddle These are Senators McCum-
Der and Ia Toilette. both candidates
for reelection. Even the sponsors for
the certificate loan venture In the
House now admit it's impracticability
Expedicnt for Passing Buck.
In speech in Philadelphia the
other night MIR. Fordney admitted Il
was merely an cxpedient designed TO
give tho Senate something 70 work on
and presumably enable tic House 20
pass the buck 10 the other wing OF tho
Capitol. Mr.. Fordncy expressed the
opinion that the Senate would amend
the bill TO provide for tho use os tho
foreign debt despite the positive state
ment made by Treasury officials that
money received from that quarter