The Mankato free press., 1922-06-09

Because of the parliamentary
procedure under which the senate
was oepraung, unanimous consent
was necessary 10 present the bill
and the report, which earlier in the
day had Ten made public by Senat
or McCumbeT. Senator Williams, d
member of the finance committee,
and an opponent OF the legislation
refused such consent.
Asserting that congress had paid
the claims against the government of
war profiteers" and that every
time an effort was, made to pay
compensation TO the soldiers there
was objection. Senator Ashurst,
democrat. Arizona, urged Senator
McCumber 10 move that the bill be
received.
The time has come for the use
OF pluck and grit and courage and
sand the Arizona senator shouted.
senator McCumber explained that
he could not offer such a motion be-
cause there was a genuemens' agree
ment that the tariff bill would not be
.aiu dSId5 for controversial measures
without advance notice being given.
In trying 10 present the bin and the
accompanying commit ee-repoft, Sen
ator McCumbeT said that after con-
sultalion with members OF both
sides of the chamber ne would
ask later TO lay aside the tariff bill
and take up the bonus measure.
He said he did not know when the
measure would be called up. He
went on to say that he hoped the
bonus would not lead TO a partisan
night.
i mis- is an American bill" he told
the senate and l hope we will be
able to dispose OF it as an American
voted the necessary appropriations
during the war
Washington, D. C.. June S.-The
soldiers bonus bill was formally
presented today IN the senate by
Chairman McCumber OF the finance
committee, with an accompanying
report placing the probable cost To
the federal government at $3,S45.-
659.4S1, spread over a period OF
torty three years from next Janu
ary /. This is approximately $780,
900 900 less than the estimate un-
der the house bill, which was S4,-
eSS, ,719,350 payable over twenty
years.
i ne SSndIS Dill SolludIcu "do
prepared by treasury experts ana
sent of the 4,45S. 1879 veterans who
would be eligible for compensation
would elect the adjusted service
certificate option, % IL per cent,
farm. home and land settlement
aid, and IL per cent vocational
training aid. Should all of the
veterans select the certificate plan
the total cost would be $4,4S6,545,-
975.
Financing The Legislation.
With reference to financing the
legislation. Chairman McCumber's
report said il was hored the reduc-
ton in governmental expenditures
plus the payment of interest on
the refunded foreign obligations
would be sufficient TO obTiate the
imposition Oh additiontl taxation.
"If it does become necessary TO
impose additional taxes" the re-
port continued, sit is believed we
can better determine the amount
of the necessary levy and the
methods of distributing such bur
dens for the future at later date
when the future condition OF the
treasury will be more accurately
established
AS to the refunded foreign OBJ
legations the hope was expressed
that this soon would be obtained
and that it will be possible for
the foreign governments to provide
for the immediate payment of in
terest thereon, so that such inter
est can be used toward defraying
the expenses authorized under this
act"
Senator McCumber explained
that an attempt had been made to
reduce a minimum actual cash
under the bill during the
next three years while the treas
ury is engaged in refunding' the |