Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-03-18
SATURDAY EVENING. MARCH Is, 1892.
EVENTS OF A WEEK

By a vote of 10 to 5 the house ways and means
committee on Tuesday decided to report the federal
bonus bill III substantially the form i'll which it has
been under discussion for some time, an action which
affords assurance of some lively times ahead for the
Republican party leaders. The bill as reported, and
as it is expected to be passed by the house after
lively debate, provides for the issuance of credit
certificates to ex-service men on the basis OF ST 90
, per day for domestic service and $125 per day for
overseas service, this credit to be made available
to the recipient in the form Of 20-year insurance; Of
payment for vocational training; OF cash for pay
rnent for the purchase OF farms or homes; or as COL
lateral for. loans which the reserve banks are auth
orized but not required to make
By the same vote which registered the com
mittee's approval of the bill, a proposal to provide
for revenue out of which payment should be made
bythe levy1ng Of a sales tax was rejected. The bill
as it stands is therefore open to the objections
which were advanced by the president against
bonus legislation without provision for raising
revenues, and it has the unqualified disapproval Of
the secretary of the treasury.
1t is generally predicted that the bill will pass
the house Beyond that, everything is uncertain.
Washington dispatches generally forecast the veto
OF the bill if it reaches the President, but many of
the observers expect to see the measure die in the
senate. The very marked difference of opinion on
this subject between the President and the majority
OF the members OF his party in the house creates a
political situation which is the cause Of consider
aDle Spccul3G6l ana not a little anxiety.
g. =+ 4 + + * 4 -
The consideration of the four-powcr treaty in
the senate has reached a stage where the friends Of
ratification appear to be satisfied that they have
control of the situation Votes were taken on sew
eral amendments early m the week. and the highest
vote IN favor OF any proposed change was 80, and.
1t the same vote were cast on the straight issue of
ratification there would be three votes to spare in
favor Of ratification with all the senators voting.
The vote mrfavor of ratification would presumably
he 0ro1tor fla. l. 49, .o.:-,k d ( l. -
clpal amendments, though not necessarily so. A
canvass, however. has apparently satisfied the sup
porters OF the treaty that they have plenty of votes,
and the 1rreconciliables have recently been per-
united to talk themselves out, practically to empty
benches, greatly to the annoyance of Senator Reed,
who likes a full house when he talks.
The presentation of the claim Of the United
States for $241, DOC, 900, for the cost of maintaining
the American army of occupation in GERMANY.
caused a little furry abroad, but the excitement
seems to have subsidized. 1t is understood that the
action of the. state department was for the purpose
OF establishing the American claim rather than of
pressing tor immediate payment. No one questions
the justice OF the American claim. The only ques-
tons are as to the legal procedure to be followed.
and the order IN which the various American and
Allied claims are to be considered and settled when
funds from Germany are available for the settle
rlent OF some OF that country's foreign obligations
Premier Poincare, of France, while expressing
an opinion On the matter of priority directly con-
tra1y to that entertained in the United States, con
redes the tact Of the Indebtedness without question,
and suggests that steps should be taken to out mat
tiers IN sucf>shape that the Claim can be met. Pass
ing from this subject to the Indebtedness of France
to America, he repud1ates the opinion expressed by
q former French official that France can never paw
az. Poincare says that France owes and France
must and will pay. He says that France canno,
pay now, and it is impossible to tell when she car
pay, but he emphasizes the determination of ths
present administration to pay as soon as payrnen,
is possible.
The resignation Of the British secretary 70,
India, coming as i does in the midst Of Indiar
complications OF the gravest character, has intensi
ned the critical nature of the political situation i,
Treat Britain, and predictions are freely made tina
the coalition administration cannot much lonee,
bold together. The premier is. recuperating If
Wales. Lard Derby has been offered, and has de
flined, the vacant secretaryship. Time passes,-an
general election must be held before long:
= =
The Improvement in the financial situation /
the most hopeful element that the British govern
Jnent has before it just now, The budget estimat,
recently presented indicates that at the close OF tn,
fiscal year there wi1lbe a slight surplus in the treas
general taxation. The Bank Of England has 4
creased its halfIyearly dividend from 5 to s ne
cent. AL these things are accepted as indication
that the policy ct rleeting war costs as largely 4
possible py tax .tl. instead Of by currency inaa
ton. Is having It's beneficial effect.
ST Patricks day IN. Ireland was marked i,
A1unsofrs clashes between extremists among III,
aQrsfge and Catholic groups in Ulster, and III spit
apf What appear to- be the sincere efforts Of the JIs
dxeoysr1rpep ST ths Ffse STATE on thhe other, $ condi
100 Iittis sh9ft. g aetpai snd o1gsnizsd WAaffia4re,s 8