Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-05-30
is HOUSE PROPOSAL
WITH NOTIFICATIONS
Numerous Details, However,
Remain to Be Ironcd Out
Before Final Report.
M'CUMBER PLAN
Poll Of to o in Favor OF Amend ell
Diil Ia Forecast From
Warrington.
tBy Associated Press.

WASHINGTON. May 29.--Approvai
by the Senate Finance Committee on
Wednesday ri soldiers bonus bill
following closely along the lines Of
IN" House measure with its bank
loan provision was forecast today
by members of that committee. Re-
publicans and Democrats. after tho
subject had been discussed for near
" two hours.
An informal canvas. OF the commit
tee today indicated tina, tho members
were divided : TO for the House
measure with some notifications
tho so-calicd McCumber plan. Five
members, all Republicans. were re-
ported "a favor the Smoot proposi-
tion of raid-up life insurance for tho
veterans in lieu Of all other forms of
compensation. while one committee
man. Senator Williams. Democrat.
Mississippi. vas understood 10 be op-
posed TO any bonus legislation.
I.and Feature Doubtful
whether land reclamation pro-
vision ia TO be included IN the Nc
Cumbcr plan IL an open question and
consequently IL may be some time
Senate. Chairman McCumber is
anxious. however. that the blu be re-
ported out in tho immediate future
and he expects to press for action az
speedily as Is possible.
After reaching the Senate. tho bill.
in the usual courhe, would go TO the
Senate calendar to remain until
called up b. Senator McCumber.
There is difference OF opinion among
Republican leaders as to whether the
bonus should displace the tarir bin
at any time soon. so the probable time
at which the Senate will get into the
bonus fight IL indefinite.
McCumher Looks for Quick Action.
Senator Mccumber is of the opinion
that the senate can dispose of the
measure Nth few days Of consider
alton. but ihla view is no, shared by
all lcadcrg. Opponents OF bonus
in any form 81 we'll as opponents OF
the amended House bill arc prepared
for long discussion OF the question.
Both the McCunh.r and Smoot
plans have been outlined In some de-
tail 10 President Harding with
view OF obtaining an expression OF
opinion from him. but the committee
went ahead today with It's considcra-
ton without having received any
word from tho executive. Proponents
Of the McCumber proposition believe
that he will approve that form OF
bonus II passed by Congress. but pub
licly a. least the President has given
no Indication Of n change Of mind
since ne told the House Ways and
Means Committee to finance the
bonus with a sales tax or postpone
enactment Of the legislation.
Provision for "CnshinE In.~
Aside from a provision to pay cash
TO veterans whose compensation
would not exceed $50 the McCumber
plan would provide for adjusted serv-
ice certificates on which banks would
be authorized TO loan funds during
the twenty years of the life of the
certificate
The certificates would have face
value equal to about three times the
amount OF the veterans adjusted
service crodit at the ratio of 81 IL
day for domestic service and $l.o5 a
day for foreign service. Ind the total
would be payable at the end OF TWEEN
~ years or sooner, upon the death
OF the holder.
There also would be provisions for
vocational training and home and
tarm aid. THESE and the cash and GER
tificates feature closely resemble
those In the House bill. but the land
settlement. or reclamation feature in
the House measure has been elimin-
ated. There is movement in both
tho Senate and House to have some
kind or n reclamation provision put
back into the bill and n special sub
committee OF Republican members Of
the Finance Committee opened hear
'nss today on that question.