Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-08
BONUS BILL IN
SENATE AFTER
MANY DELAYS
Leaders Undaunted by
Reports of Lack
of Funds.
VETO THREATENED
Payments to Soldiers
Goes Squarely to
Executive.

WASHINGTON. June S.-Ignorins alike
the suggestions from opponents that the
Treasury cannot stand bonus drain and
hints from Administration spokesman
that President Harding will veto the
measure, Senator Porter J. McCumb Der,
Republican. Of North Dakota reported the
long delayed end much discussed bonus
bill to the Senate today with a lengthy
report favoring it's passage
The bill puts squarely up 70 the Ad-
ministration TIE payment of soldiers
bonus from interest to he collected from
the British and other war debts. senator
= McCumber cited funding operations of the
Treasury to show that tine Governments
financial condition is steadily improving.
OPTIMISM TO
FoREIGFS DEBTS.
The keynote of the Senate Finance Com
mittee's report was one az optimistic be-
lief IN the ultimate availability Of foreign
debt payments, and in 'hc ultimate abil
iiy of the GTerDment 10 meet the bonus
drain without recourse TO further taxa
tion.
The bill IS expected to slumber on the
Senate calendar for few days and then
an effort will be made TO displace the
tariff and rush il to passage.
5fcCufnber explained that the bill. a
modification Of that passed by the House.
was intended to correct the inequalities
suffered br those who performed actual
soldiers duties and received meager
soldiers wages" and excluded from its
benefits "all those who were given com
missions while performing Uereiy
clerical work in the departments" It's
benefits were also limited 20 those below
the grade Of ca plain in the army or
marine corps and lieutenant In the
Navy. ne stated.
In discussing the application of the
foreign debt I'd the bonus. Senator Me
Cumber expressed tho hope that the
World War teht Commission would
make such progress toward refUnding
the demand obligations OF foreign
countries iato long term obligations as TO
secure the latter 'in the very near
future" and render It possible for the
foreign governments ''to provide fer the
Immediate payment of interest thereon
50 that such Interest can he used toward
defTayinG the expenses Of the bonus.
POINT OFT BRITISH
INTEREST PAYMENT.
"The budget recently presented to the
House provides fer tho installment Of in
terest due 10 the United States on The In
dobtedncSs of Great Britain payable No
vernber. 1879. = senator Mct'uin Der pointed
out. IN view Of this fact it is believed
that the Tinted States can count on re-
ceIving interest payments from England
from now Uu, Such payments aggreSatinE
about S2nanfa go nor annum
THE March. 1922 revised estimates ~
receipts far the fiscal year ending Juno
50 1898 contained in astiiuat" n S2115
GOO ono for interest On foreign obligations.
This would he nearly three times the
amount necessary t. meet the obligations
years"
The highest cost the bill would i'm
pose would be 81 iS65ij9TJ, Senator Nc
Cumber estimated. bur only In the event
If all of the veterans should avail them
selves of the twenty year endowment in
surance certificate plan. with its borrow
ing privileges.
..Rut even il this were possible ha
added. "tha payments would he scattered
over forty - more years" his judgment
being that many ex service men would
not actually apply for compensation mn
I'll they required H. or for ;.r least num-
Der If v,strs after tiii harame a law :"
4 second bonus petition, containing
one million names, was presented to the
Senate today hy Senator McCumber. who
said he would not bring the peritian
into the senate chamber. "hecaUse Of Is
tremendous tn!k,' but he asked that ~
provisions fe Inserted In the Congress
si0nal Record There was no ohjec-
ticn
Considaratiag of the revised soldier
bonus bin vas temporarily blocked when
Senator Williams Mississippi Dome
GRAFT. inteFpased an objection when Sent
tor McCufnber. chairman of the finance
committed presented the report and
asked unanimous consent that 1t be Of
ficia!Iv recognized hv Tho Senate