Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-05-30
It is Expected to Follow
Along the Lines Of the
House Measure With
Loan Provisions,
McCUMBER WILL ASK
FOR SPEEDY ACTION
Some Time May EIapse,
However, Before 1t Is Re-
ported, According to
Forecast of the Leaders
CIV The Associated Press.l

4
Washington, May 29.-Approya
by the senate finance committee on
J Wednesday of soldiers bonus bill
following closely along the lines OF
the house measure with its bank
loan provision, was predicted today
by members of that committee,
republicans and democrats, after
the subject had been discussed for
nearly two hours.
! An informal canvass of the COM
mittee today indicated that the
members were divided TO 6, for the
house measure with some modifica-
tions-the so-called McCumber
plan. Five members, all republi
cans, were reported to favor the
Smoot proposition of life insurance
for the veterans in lieu of all other
forms of compensation, while ona
committeeman, Senator Williams,
democrat, Mississippi, was under
stood to be opposed to any bonus
Legislation.
A Reclamation Provision.
Whether land recla nation pro-
Vision is to be instituted in the
McCumber plan is an open question
land consequently 1t may be some
time before bonus bill Is reported
Ito the senate Chairman McCum-
Der is anxious, however, that the
bill be reported out In the immedi-
ate future and he expects to press
for action as speedily as is possi-
BILE.
After reaching the senate the bill
lin the usual course. would go to the
senate calendar 70 remain until
called up by Senator McCumber
There is a difference of opinion
among republican leaders as to
whether the bonus should displace
the tariff bill at any time soon, so
the probable time at which the
Isenate will get into the bonus fight
is indefinite.
Senator McCumber is of the
iopinlon that the senate can dispose
lof the measure with a few days OF
consideration but this view is no.
shared by all leaders.
Long Discussion.
Opponents of bonus in any
form as well as opponents of the
lamended house bill are prepared
flor long discussion on the ques-
ition.
Both the McCumber and Smoot
Iplans have been outlined in some
Idetail TO President Harding with q
view of obtaining an expression oil
Ioplnion from him, but the conf
lmittee went ahead today with their
consideration without having re-
Iceived any word from the executive.
Proponents of the McCumber prop
Iosition believe that he will approve
THAT form of bonus IL passed by
congress, but publicly at least, the
president has given no indication
Iof q change of mind since lie told
1.-THE house ways and means commit
ltee to finance the bonus with salss
tax or postpone enactment Of the
Legislation.
Service Certificates.
Aside from a provision TO pay
cash to veterans whose compensa-
ton would not exceed $50, the NC
Cumber plan would provide for ad-
ljusted service certificates on which
banks would be authorized to loan
funds during the first three years
land the treasury thereafter during
the twenty years of the life OF the
certificates. The certificates would
have face value equal TO ABOUT
three times the amount of the vet
Grams adjusted service credit az
the rate of 81 day for domestic
service and $1.25 day for foreign
service and the total would be
payable at the end of twenty years
or sooner upon the death of the
holder. There also would be pro-
. visions for vocational training ana
home and farm aid. These and the
| cash and certificate feature are all
most identical with those in the
house bill, but the land settlement,
or reclamation feature in the
CONTINUED on Page Two.)