The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1922-06-08
CASH FOR BONUS
FROM DEBTS DUE.
SO[0NS BELIEVE
Senate Finance Committee Reports
Bill Informally; Says Next Three
Year Payments VIII Come
From Interest.
NO ADDITIONAL TAXES
SEEN IN REPORT MADE
Provides for Adjusted Pay; certlfI.
Gates Of Insurance Training;
Home Aid; Believe certifI-
Gates VIII Be Popular.
by KENNETH CLARK.

by KENNETH CLARK.
Omitted Press Staff Correspondent.
Washington. June s.-Scnate col
sidcratlon OF tho revised soldie
bonus bill was blocked tcmporarIl
today.
Senator Williams, Of Mississippi
democrat. lnterposed an objection
when Senator McCumber. chairman
OF the finance committee. presente,
the report and asked unanimous
consent that II be officially rocog
nized by the senate. Unanimous
consent was required because III,
senate now Is considering the tariff
bin under a previous agreement.
Williams gave no reason for his
action and McCumber announced he
would again attempt TO introduce
the report later In the day.
Washington, June S-Belief chat
the cash necessary for the soldiers
bonus bill will be obtained fr"m in.
terest payments on the allied debt
TO tile United States was expressed
by republican members Of the sena G
finance committee today Informally
reporting the adjuste compensation
measure to the senate.
The report, accompanying the Bill.
declares that the bonus can be paid
during the next three years. without
additional taxation ard that after
that the money can be obtained
through reduction In governmental
expenditures and payments on the
foreign debt.
The action of Chairf,an McCun-
Der in presenting the bill to the
senate makes II possible for consid-
Grafton Of II to start at any time
republican leaders desire.
Total Cost Estimated.
The total and eventual cost of the
senate bill was estimated Mt 1885,
659,4S1 with the statement that d..
45S,199 persons who served In the
military or naval forces during The
war will receive its benefits.
"The world war foreign debt com
mission" says the report of Nc
Cumber, has already taken steps to
refund the demand obligations of
foreign countries into long term Sc
curities and it is hoped will be able
to secure such obligations In the
very near future and that 1t will be
possible for the foreign governments
to provide for the immediate pay
ment of interest thereon, that such
interest can be used toward defray-
ing the expenses authorized under
this act.
ut is believed the United States
can count on receiving interest pay
ments from now on, such payments
aggregating about $20O,OOO,0OO per
annum. This would be nearly three
times the amount necessary to meet
the obligations created by this bill
for the first two years"
"If it does become necessary to
impose additional taxation, it is be-
lieved we can better determine the
amount of the necessary levy and
the methods Of distributing such
burdens for the future at "a later
date when the future condition OF
the treasury will be more accurately
established"
The Five Provisions.
Briefly the McCumber bill pro-
vides an option of five plans for ad-
justed compensation.
Adjusted service pay, limited
to veterans whose service credit Is
not more than $50.
2-Adjusted service certificate,
permitting the veteran to receive
paid-up insurance payable at the end
of twenty years and allowing $1.25
day for domestic service and $1.75
for foreign. The bill further pro-
yides banks may loan on this GER
tificate up to fifty per cent of full
value.
9-Vocational training aid, at the
expense of the government to an
amount equal to his adjusted serv-
ice plus 40 per cent at the rate of
$1.75 per day.
farm pr. home aid, enabling
veterans to receive from government
for purpose Of making improve
ments on homes or to make pay
ments on home or farm, an amount
equal to his adjusted service credit
plus 25 per cent.
5-Land settlement aid, which
gives a veteran preference on the
opening of public or Indian lands,
and on all reclamation projects now
in existence or hereafter established.
The committee estimated that Is
per cent of the veterans will elect
the certificate plan, 22k per cent
the farm, home and land settlement
aid and 21s per cent vocational
training.