South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-02-03
OBJECTS TO ALL
SUGGESTIONS TO
PROVIDE FUNDS
Maintains Former Stand That
Country Cannot Afford
Bonus Now.
GIVES FEW SUGGESTIONS
Discounts All Propositions
Submitted by Ways and
Means Committee.


raised 5,- r,ss-. ,f .--e-rsl +e,--s a.
.- youIf f.s .-,nrs--f.aI.-. =. ls8-~5
.un,r r-o..e5s f-or, 81. -.-.,-sss
forefe- 5eb- for this ,.,...r-s $50
MELLON declared T,I-.5s,. l,sror. lie
house ,,-,,-q ana -.-eerz ,---,,-,.t-+.a
rai+ers-i-g his ,7,t.--.f..-s q, +b.
o-so+.,,.,+ ~ 1.,.,,, r..-..,..i.,, -.
,bfs +f,,, +,,, .-.,.,-,-,. ...-.,-..-,..- -.l.5
rhat in laving teves cor.-re-s v-oul5
have 10 Tan rnosr1, new -oi,-0as a
the leyfas NOW ir s.rs-- v-e-s eb-or-
,,,,rr.- .t.s.-t. s---.-- $500.
noaa5 a aere-s1 .s-gs rsy ,-s-s1,r--
mer+ ~ he o,--ess -.-of-s t,,- ~ 81,
.-cressa in ,,,,. o,.ie-.,., 800 ,,.,,.r,
+r,oso -,,ssf..-,- 80, ...-,-.,. ..r..,.-
and doc,,,,.,+s
N-e.,, ,,,,,..... 30 -.....-.,.. --.--.--....,
bv the sarre+ar- f7ogu5o6 +,-ee-re-.
6rs+ orsss ,og+sya 80 800. e-oooa
ooo. o.. t,~~.ss. o., -..o.,, --...
r,,st,,-. ,-,+..., D., .5.,- cod ooo 900
.-.
,io-s s9o ooo 400 80 ,.. 49,
20 -o o...- - ,.............-.
r-o,1es =, -..,.9.,.... 800 5o,-ool
iAr- Nro71.,, ,.-s,,--.., en-. t.-s
-
49, stoooo 5l,
/ 80 go oo6 .oo, ----,-
a.. i---,l-.,.[ ~ - 49, 80
s,...s a-,.5 - 800. - -
t.---
-.
- 49,
oos+ go GOO 600 49,. 80
40 ,-s,~- .,,. .a.--e.-.--
go. .-..,7 --5-7-
= t--.. -. -
yri+t "a. 80, 3,,-5,,t a.. '.,. 's..
r,al-a ,,, tto s,s,tt - e5o- 600 ooo
} % be.,,-r.-, .1,,. ,-.-r7 e----
ci8c s-1gges+io,e bo rs5 ,,.,5, 80
the cost of tto home Ia t,l- -
nection he called a+rartfoD +7st +be-.
had haoD e-,qges+,.I ..,-..,..,-+.-.,-
taxes on tea coffee smear and one
articles and tsv ~, -s,,l.-. 81.
he ala nor ar,-o,-. s...r 49,,
OnDoscs Interest T-ssgo
AZ 70 +ba uSa ~ ann ,.-,-+ ~ .-,,
proceeds from the foreign debr afr.
Mellon said tho tir,e tbs- .s.,,~,s
would be had from that source was
prob1ematfca1 and thar ir a-, a,o,-
the ultimate cost 10 the ro,,-rrpe,t
and the country wourd ba Greater
than II diracs taxes were raff rra
e,-plaiued tba+ if the fr+e-es. ,v.rs
used the government wourd have "a
extend its domestic debt refnr6srr
that much longer a. a cost TO the tax
payers while NJ the foreign bonds
were sold In the United states the
government would have 10 guarantee
the interest and the nrincf1sl and
even the securities probably could
not be sold az par
Opposes Debt Certificates
To a suggestion that the treasury
issue certificates OF Indebtedness n
raise SS50.OOO 600 for the first two
years and retire them out o. inter
est from the foreign debt Nh Mel
lon said this would hinder The do
nestle debt refurdirg onerstiors.
The amount to be refunded he as
serted was so large that no adfi-
tionaI securities should be thrown on
the market during tho operations.
He also called attention that the gov
eminent was facine a deficit Of $500
100000 ia 1923 wnich muet be made
up
Opposes 'Wine Tax"
Asked Dy Rep. Garner. democrat
TexaA az 90 the imposition OF TAX
on light wines and beers "a a means
of raising the bonus funds N- Mel
lon declared that R.th the .h.El ten
sion In the country on the rrohio.-
ton question, IT, was not feasible no
depend upon this ~ a source OF reF.
enue Chairman Forduey suggested
that there was a cOnst,.uLOu8I lnht-
btion or congress Ira permitting the