The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-08-08

stead rights, for many years circu-
! lated as money in the far west.
Tae first Civil war bounty act,
passed July %, 1861, provided that
all volunteers who enlisted under the
iact for period not exceeding three
years CT less than six months were
entitled to one hundred dollar
county. This was later amended
making payable in advance $25.00 of
the $4,000 offered. Under another
measure enacted in March, 1868,
drafted men enrolled to serve for
three years, or their substitutes,
were entitled to $4,000 bounty.
All volunteer recruits who enlisted
after October 23, 1868, and before
December 24, 1868, for three years
in an organization already in the
field, or who enlisted after December
%, 1863, and before April 2, 1854,
we're promised $4,000 bounty un-
der law passed January -, 1864.
There is a ridiculous contrast be-
tween the anti-compensation edlto-
ria!s in CERTAIN newspapers these DAYS
and the news Of the stock exchanges
and financial world. While the edi-
tor.aIs sound every note Of Aatioral
poverty and financial hopelessneGs,
ard quote endlessIy the anti-compcn-
sation. warnings from Nj. Mellon,
secretary Of the treasury, the news
raper financial experts continue to
gIoat over the extraordinary i'm
provement in the general financial
situation, and particularly the boom
in the stock and bond market.
The United States has so much Of
the worlds gold supply that our gov
arnmens tells Europe please don't
serd US any more at this time. Uncle
Sam has paid off more than S2,000,-
100000 worth Of his war debt, and
has just been able to sell $50, ,000,-
900 worth Of treasury certificates OF
Indebtedness bearing the unusually
low interest rate Of three and cne-
half per cnt. Liberty bonds are al
most at par at this time. Money isl
so plentiful in the United States that
foreign nations are falling over one
another to take our surplus.
Mr.. Dominick Gays Payments
must be made on the national debt,
and taxes must be reduced. Reck-
less and extravagant expenditures
must cease" l agree that this should
be done, but why does he muddy the
water by talking about reckless and
axtravagant expenditures in connec-
ton with the bonus bill? Has any
money been extravagantly spent on
2x-service men? He says he is proud
of the money spent for disased and
disabled men, then in the next para
graph says these ''reckless and ex-
travagant expenditures must cease"
! will admit that such expenditures
as loaning liberia S5,O00,000, $20,-
100000 for Russia, S11,000,OOO,-
900 to England and France to reha- |
bilitate aid pay bonus to their ex-
men are eXtravagant expen-
ditures, but 90 not see how the bo-t |
nus legislation now before the senate
is extravagant. Mr.. Dominick says
it will not amount to anything, then
follows the statement from him that
it will increase taxes up to $4,000
100000. If it will not help, why
will the bill raise so much money?
rmust hid oc with shrdlu sewn ovcc
Mr. D9minick knows that this $4,000
100000 will be raised over a period
of forty-two years, and that the av-
erage man will not be hurt in the
least through increased taxation. AS
2 matter OF fact the effect Of the pas
sage of the bill for the south at least
will be to put money in circulation,
and it will stimulate business all ov-
er the country.
Mr.. Dom;nick has evidently forgot
ten the fact that these service men
were promised their Jobs back when
they returned. He seemingly has
overlooked the fact that dehation set
in, and what few jobs there were,
had already been taken before these
boys were given chance Doesn't
he remember at one time there were
over 100000 ex-seryice men walking
the streets, eating at free soup coun-
ters, and sleeping on park benches,
hunting work, and that they we've al;
ways met with the response, "No
help wanted?" There is a great con-