The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-01-12
TO BETTER
ECONOMIC
CONDITIONS
U. S. Prepared to Go Before
Country With Such A
Plan
By !. BART cAMPBEn4L

IsTAFF CORRESPONDENT J.. N. sERYicEI
Copyright, 1922, by / n. Service)
WASHINGTON. Jan. 12-Rour bill
ION dollars worth or British govern
npent bonds, underwritten by tho Unit
ed States government. VIII provtde for
he soldiers bonus II the present plan
q administration leaders. decided up
on today. Is carried out.
Atsrr14 nf.stration leaders are under
stood TO be prepared 10 so before the
country with such plan intended at
once to take care of adjusted compen-
sa-tion for American ex-service men.
ard the British Indebtedness to the
United States.
It is proposed that four billion dol
lars worth Of British government Sc
curities, guaranteed by the United
states government. viii find ready
market in this country II offered for
general sale. and will lead TO en- early
and speedy solut lon OF the difficulties
confronting the administration rela-
tive TO the soldier bonus and the for
eign debt.
As practical business proposition
in1SLfdllOn tcauCtS brSAAtfg AtAtst
the plan will meet with popular ap-
proval.
Negotiations between the American
and British governments relative TO
the new plan for a. satisfactory read
justrnent of the British debt are saFd
to have been started since the begin
ming OF the present armament confer
ence.
1t lis pointed out that the value Of
British bonds underwritten by the
United States could not be over-esti-
mated. and that II they were placed on
sale they would have q tendency to
bring about marked improvement in
economic and financial conditions gen
erai1y, both here and abroad
It IS also explained that the present
plan for the linking Of soldier bonus
with the refunding OF the foreign debt
was discussed at considerable length
at the conference which took place
Saturday night between Pres ident
Harding, Secretary Of War Weeks and
ACKNOWLEDGEMENT Daugherty. on one
hand. and Republican leaders OF con
-ress who included Senator McCun-
ber of North Dakota the new chair
man Of the finance committee; Repr.
Q
house appropriations committee and
Renr. Fordney CT Michigan. chairman
Of the house ways and means commit
tee. on the other hand
Repub1ioan National Chairman John
r adams. took a leas ing part in the
conference. at which Il was agreed
that the issue presented by the SOL
5iens' bonus and the foreign debt must
he met by the repu party in the
coming congressional campaign in a
av that would prove satisfactory to
the American people.
II It were to be pointed out to the
American people. II was said that the
American government Is prepared TO
enter into financial arran cement
with its chief debtor whereby four
hil13on dollars worth OF bonds, guar
suteed nv the two weaithiest nations
~ the entire world. are to be offered
FOR sale as a means Of overcoming one
~ the main obstacles in the way of
world prosperity. there could hardly
he any reasonable objection to such
plan.
While the president and his advis-
ars erst favored a sales or some other
form of tax as means Of financing
the soldiers bonus. it was finally
agreed that tho most practicable
method Of meeting the issue would
he acceptance Of the proposal that
Great Britain's Indebtedness to this
country be turned into bonds which.
underwritten BY the United states
you'd be sure to provide all necessary
funds TO finance whatever ex-servioe
mems adjusted compensation may
have 70 be provided for.