The New York herald., 1922-03-02
Cash Payment Scheme Is
Abandoned i'm Last Des-
perate Effort To Raid.
SUBCOMMITTEE AT WORK
Fordney's Latest Idea Pro-
vokes Storm Of Disapproval
From War Veterans.
nv Louis sEIBoLD.
Special Dispatch 10 THE NEw YORK HrsMs.
New York HeruId Bureau
Washington. ID. C.. March r.

Special Dispatch 10 THE NEW YoRK HAAS.
New York HernId Bureau.
Washington. ID. C.. March I.
The most important feature Of
what appears to be the last desperate
attempt at bonus raid on the ma
tional finances and business Of the
country is the abandonment Of cash
payments to soldiers seeking money
gratuities for patriotic services.
The plan to substitute Treasury
certificates of great speculative pos
sibilties for cash already has pro-
voked a storm of disapproval from
ex-service men who want the money.
Usurious money lenders undoubt-
edly will be greatly pleased. however.
by the tentative decision OF the Re-
publican members OF the Ways and
Means Committee this afternoon to
resort to the certificate method.
subcommittee mt Work.
A Republican sub committee of the
Ways and Means Committee has
started to work out the new plan. It
Is based on the insurance feature OF
the pending bill and will give to ex.
service men negotiable Treasury GER
tifcates to run twenty years, but re-
deemable after three years.
If this scheme, which appears tn
represent the ultimate wisdom OF the
leaders in the Congressional fight
for bonus, should fail the most
logical alternative points to the ac-
ceptance OF President Harding's sug.
gestion that all bonus legislation be
postponed.
The Ways and Means subcommittee
intrusted with the task Of finding
way out Of the bonus dilemma is ex-
pected to produce an acceptable bill
within the next week. The commit
tee was created to-day after various
projects found UNIV orkable had been
set aside.
Whether their product will be ac-
ceptable to the President or stand
any chance Of getting through the
Senate is entirely problematic Even
the sponsors for il expect opposition
from the executive branch of the
Government.
Veterans Aptagonistic.
Discussions OF the scheme TO elimi-
nate immediate cash payments TO
night indicate decided opposition on
the part OF ex-service men who never
have manifested much enthusiasm
over the deferred or speculative in.
surance features OF the bill.
Republican members Of the Ways
and Means Committee who assented
to the creation Of the subcommittee
to work out an accepta hle insurance
scheme are none too Optimistic over
the chances for evolving one or the
fate OF il in the Senate or at the
White House. One OF the members
succinctly epitomized the situation
tonight BY saying: with every
other avenue closed It was the best
we could do"
he further declared that tho chances
for postponing an bonus legislation
have greatly improved during the last
week. and II the new plan we have In
mind fails 10 meet the situation. l
doubt II there will be any bonus iegis-
lation."
The most encouraging development
OF the situation to-day reflected com
plete acquiescence in the Government's
obligation TO the wounded sick and
helpless victims OF the world war.
whose claims we're ignored by the pro-
moters OF the raid for the benefit OF
able bodied ex-service men.
Biii 90 Help Disabled.
All item carrying s255.sss.115 for tho
care. vocational training and medical
attendance of disabled men was in
oluded in the second deficiency bill in-
troduced In the House by the Ways
and Means Committee. The amount
provided Is an addition 70 the s1,54i-
s7TiS2 already expended BY the Cow
crnment Tor the purpose
The decision 70 make i final effort
20 hnd the money 70 finance the bonus
raid was reached ~ meeting Of the
Republican members of the Ways and
Means Committee this morning
subCommittee composed of Chairman
Fordney and Representatives Greene
(Iowal. Longworth tOhio). Hawley
(ore). Trcadway (Mass.l and Coplay
uiL) was Instructed 20 work QUE a