New-York tribune., 1922-02-27
Sentiment Against Sales
lax Grows G,cruiessn-
ing a. Farm Bloc Offer
H. solid oaposi'ion
Issue GoIaap'icaleeI
Bv Liberty Bonds
Strong Feeling Eni-i. Ia
teresi, if PAD, Should
Re Jscj 10 Alainfai:,
y az Securities al Par
By Carter Fed

By Carter Field
" NASHINGTON, feb. 2e Pr.s-
poets for inc older bonus are lo
bright tonight than theq haze aea..
al any time since The American -
gion officials began their d.'~e
House leaders assorted to-day tas
the Republican members a m
House WaNs and Means Conan --e,
al their meeting called for ruesds
surely would approve the report of
the Subcommittee. which is s.ronel-
against the sales tax. and a.
against including any revenue pro
vision IN the bill!
The important point Is not ths
mild majority which IS apparently
against any revenue provision. bat
the strong majority aga.nss tn
sales tax. as it is growing NOR
obvious every minute that Congress
has not been able to devise any plat
for raising the revenue which u
meet President Hardne's views
other than the sales tax.
Depend on Briiisi, Loan
There are leaders who are hopln~
that the bill may be passed in sucn
way as to avoid Pres dentia
veto and a the same time avoid the
sales tax. These leaders are frankly
basing all their hope on The paymen.
Of interest on the British debr. Tneg
contend that + the S250.0oo,0oo q
year interest. which It IS now herr
suggested the British may be so.e
to pay, Is assured, no other revenue
means need be provided
The bitter opponeuts o. ;he sales n
especially the farm bloc. are s@tnsin-
rapidly to the Br.tjsa debt iaea
Tie surprising phase of the s.tustirH
is that 10 one seems leally 10 has.
any accurate information as 10 t.
prospects Of the payment of the ny
est on this British DEBT. while tae ma
who naturally would know mo-s a
curatolv just what could and coQld no.
be done. Secretary of the Treasar,
Mellon tas been strongly opposed
tins mc.nod ~ financing the hours
There IS also an olement m the tt
ministration which has strongly %
posed the whole idea of usinE forefe~
debts. II ard when paid. for the So
dier bonus Those VINO hold Vhis vieN
take the rosltfon that this mono
which was lent to tee Allies ca~fn- tf-
war, was raised by the sale to tna pan
lie Of Liberty bonds. IN d eerte ir
serse. therefore. they assert. the CO.
tificato5 Of indebtedness of the Alles
to the United States government sre
the underlying securities on which
big block Of The Liberty bond s,
issued
Would Redeem Liberty Roadz
With this thought In m,nd tn~''
point out that # any money ohta nee
from the Allied governments it hoBl5
be used at once in redeemile Ifbar,.-
bonds. The benefcial effect Or such Z.
use Of the S250.00o 900 vear wlic
IS hoped FOR from the BrislSa govern
men., they assert would be of infinite
" moro value to the country fran t.
paymcnt Of soldier bonus. and 'soufs
probably DO the soldiers themselves
more good.
But something Of the sort 5 aoess-
sarv, they declare. to keep rhe % edge
which the Harding Administrator
made in the campaign TO put Liberte
bonds up to par. The purchase Of
large blocks of Liberty bonds and their
cancellation through the use Of this
foreign money. it is asserted, would
not only put the price Of Liberty bonds
up. but the distribution of the money
in this fashion would be OF great as
sistancc IN restoring better business
conditions and curtaiiing unemploy
ment.
The whole situation in Congress :
terribly mixed MP and CLOSELY resemble
the tariff situation, IN tina, every ore
says 4 bonus bill VIII be passed, but
no one can tell ia what shape il wilt
go through and whether President Har-
ding viii veto 1t II 1t does 20 through.
1t is the election next November and
perhaps, even more important, II many
instances, the primaries thls spring ard
summer. which are forcing the fever
ISL interest in the bonus. IL the cleo
tion were over with the next DANCE ?
Of recall safely two years Oft, there
IS little doubt that tho soldier bonus
bill would be permitted TO be laid aside
until some OF the important economic
phases Of the situation. lncluding the
British interest question, could bs
definitely determined.