Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-02-04
WILL DISCUSS means or
FINANCING BONUS BILL
Harding Will Confer With
G. o. P. Leaders Of House
and Senate.
and Senate.
tBy Associated Press. ]


WASHINGTON. Feb. 3.-ways and
means OF financing tho soldiers
bonus will be discussed at q confer
encc between President Harding and
Republican leaders OF the House and
Senate early next week, II WAS
stated today at the White House. 1t
is understood that the various sug-
sestions advanced Will be csnvassed
with View to determining upon
definite program.
VIII solve Problem.
a decision as to methods OF raising
the necessary revenue. reached In
agreement between the administra-
ton and congressional leaders. would
solve the most difficult problem be-
fore the House committee charged
with drafting tho adjusted compen-
sation legislation. and would be eX
pected 10 speed up final enactment of
the measure by removing what
otherwise might prove subjects of
serious disagreement between the
House and Senate.
Members of the Ways and Means
COMMITTEES said today that the bill,
to he reported to the House, prob
ably within two weeks, would pro-
vide for beginning the cash payments
to the former service men on Jan
uary /. 1923. They said this would
give time In which TO raise the reve-
nue. and TO pass upon the applications
for the cash bonus.
Urge Exccss Profits Tux.
Rc-cnactment of the excess profits
tax as method OF financing the
bonus was urged before the Ways
and Means Committee today by Rep
resentative Woodruff, Of Michigan.
and Brown. of wisconsin, both Re-
publicans. They said Sthis was n
just tax which would lie more popu-
lar than some others. Opposition
to such proposal was voiced by
some OF the Republican members of
tho committee and in the colloquy
that followed Mr.. Woodruff declared
that the repeal of this tax was one
OF the most reprehensible acts ever
committed by Congress"
Both Mr.. Woodruff and Mr.. Brown
opposed any form OF sales tax. as
did pre:ious witnesses, including H.
G. Mckenzie, of Walton. y. Y. rep
rcscntinG the American Farm Bureau
Federation. and Edward +. McGrady.
legislative representative of the
American Federation OF Labor
Mr.. Bro>n suggested that the
Treasury might be able to obtain
considerable sums from the sources
proposed in the original bonus bill
offered by Chairman Fordney. such
as slight increases in income sur
taxes. tax on stock dividends and n
tax of one-ffth of cent on the sales
OF stocks and bonds.
Would Cut Expenses.
Representative Nolan. Republican.
California, told the committee that
there was no need TO levy any addi-
ditional taxes to rHy the bonus IL
Congress would cur down the army
and navy appropriations. Pointing
To the agreement at the arms con-
ference for naval holiday and the
scrapp!ng Of many existing ships. Mr.
Nolan declared that great savings
could be made in the cost of the
naval establishment. He also urged
| tina, the army he cut to 1000 men
Newspaper and magazine PUBLISH
ers. as represented in the National
Publishers Association, today pro-
tested TO Secretary Mellon against his
suggestion that funds for n soldier
bonus be raised in part through in
creased rates on. second class postage.
Calling attention to the present rates.
which were declared to have been i'm
posed strictly as a war measure"
the association said rates on news
papers and other PERIODICALS had been
increased 375 per cont I'm the last four
| years
1t appears that there IL a sinister
. influence To tax sccond-class matter
exclusively" tho Telegram to Mr.. Mel
Ion said. and this movement should
Re stlfed, for publications are the
greatest individual factor In tho
stimulation OF national life and
| spirit
| The telegram was signed by An
/ drew e. Pearson. as chairman OF the
| Association postal committee.