The Dawson news. (Dawson, Ga.) 1889-current, 1922-03-28
|SlLDIERS BONUS BILL
| IS PASSED BY HOUSE
,,pAs11RE, AFTER LURID DE-
Rate, PUT THROUGH BY A
HUGE MAJORITY.
CEoRGIANS VOTED AYE

.1,ns RACED Pro and Con, But Only
Small Minority Would Go on Rec
ord as Opposed to Bill. President
Sill Insists That Funds Be Pro-
v;ded to Pay Bonus.
WASHINGTON, D. C.-The house
THURSDAY passed the $4,OO0OOO,O0O
sodier bonus bill.
parity lines disappeared, both in the
rnoeraI debate and on the final roll
p,n 2-S republicans, "a democrats and
socialist supporting the bill, and AZ
r.onblicans and % democrats voting
g,inst it. Every member OF the Geor-
Il, delegation voted for the measure
As passed by the house the bonus
b1 would provide for immediate cash
oororerts to veterans whose adjusted
ser,ice nav would not exceed $50, and
would give to other veterans the OPP
ton OF these four plans:
Provisions of Bill.
Adjusted service certificates, with
orovisions authorizing loans by banks
n The first three years after next Oct
lst and by the government Thereafter,
the certificates to run for twenty
wears and to have a face value at ma
81 turitv OF the amount OF the ADJUSTED
service credit at the rate OF 81 a day
4 for domestic service and Sllo a day
q for foreign service, increased by %
ner cent plus interest at the rate OF
Il III per cent compounded annually.
Vocational training aid after Jan l.,
s. 1928 at the rate OF Sis day, the
q total payments not to exceed, how
q ever. I40 per cent of the adjusted SER
4 vice credit.
Farm and home aid, under which
veterans purchase or improve farms
or homes would be paid after July
/, 1928. a sum equal to their adjusted
service credit, increased by Is per
cent.
Land settlement. under which lands
would be reclaimed under the super
vision OF special board and farm
units established for sale to the vet
Grams at price fixed by the board
less the amount of the adjusted service
credit due the purchasers.
In only two important particulars
does this measure differ from the one
passed by the house two years ago
and that was shelved in the senate last
Tulv. The original cash bonus option
was eliminated and the bank loan pro
vision OF the adjusted service certltl-
cate title substituted.
The bill now goes to the senate
where the presidents fight tor delay
ing or entirely rewriting the bill IN
the senate. so that it may definitely
provide funds for the soldiers COM
pcnsation, was started even before the
measure had passed the house. The
treasury department let 1t be known
that collections on the March 18th IN
staI,ment of the income and profits
taxes indicated that they would tall
about S60000,000 below the estimates
tor the quarter.
Taxes Fall OFF.
On the basis OF collections thus Tar
the March 18th instalment, it was
said will be only about $40O,OOOOOO as
compared with 100000, 900 expected.
The falling off in tax revenues is
attributable, treasury officials said, to
the industrial depression, and the. eX-
tent OF this may be indicated from
the TACT that the S400,000,000 expect,
ed from the first quarters collections
this year are as against a20,0OO,0Oo
collected from the same sources Tor
the corresponding quarter last year.
To add a bonus drain to this, treas
ury officials indicated, would render
even more difficult the government IL
nancial operations.
The house was like muiti-r1nged
circus during the six hours preceding
10 vote on the bonus bill.
During the rapid-fire ortatory-
each member being on his feet only a
minute or Representatives were eX-
changed, galleries were torn between
Kisses and cheers, according as the
speaker was against or Tor the bonus
and most OF the time it sounded as II
everyone was talking at once.
Denounced and Voted for Bill.
All Georgia congressman voted Tor
the bill. Representatives Crisp, Brand
lpShaw and Vinson made speeches
cntlcising the measure.
Explaining his vote in favor OF the
bill Representative Crisp characteriz-
cd its contents as an affront upon the
intelligence of the veterans, and stated
that democratic members were forced
to accept the bonus bill as proposed
or none at all
Gag rule" partisan intolerance,
and financial idolatry" were some OF
the phrases used by him. Judge Crisp
advocated payment of the bonus by
ISSUANCE OF short-term treasury certi-
1cates on interest due the government
from foreign debts. He set himself out
as unalterably opposed to the cancella-
ton OF these debts. Mention was made
OF the federal reserve board, he stating
that institution had already imposed
enough financial depression on the
country without extending the posi-
olIit1es OF such by passing half-fin-
AhEEnrr-