Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-03-20
LEADERS IN HOUSE TO
CONFER WITH HARDING
ON BONUS BILL TODAY

the White House. There was no
official statement as to the con-
ference, but it was understv Cd that
the bonus question was discussed
Attack on Measure.
An attack on the bonus measure
was made in minority views made
public today by Representatives
Treadway of Massachusetts and
Tilson of Connecticut, republican
members of the ways and means
committee. They declared their
belief that the bill. if enacted into
law, would do more harm to the
people and to the country. the vet
Grams themselves and their fami-
lies included than 1t would do good
to the individual beneficiaries."
The committeeman centered
their attack principally on the
bank loan provision of the adjust
ed service certificate title and the
land settlement title. They assert
ed that the loan scheme "seems to
us just about as unsound economi-
cally and unfortunate from every
point of view at this particular
time as could possibly be devised"
Land Settlement Title.
"The land settlement title" they
said, "offers untold opportunity
for reckless expenditure is
dangerous at the most and uncer-
tain at the best" They added that
there is firmly grounded belief
in the minds of many that this
provision has been saddled upon
this bill with the hope and eXpecta-
tion of carrying through congress,
on the sturdy backs of the veterans
a measure so fraught with danger
Gus possibilities and uncertainties
that it would receive scant support
If forced to stand alone in the open
on its own merits"
Calling attention, that the loan
provision has been disapproVed by
high fiscal officers of the govern
ment, the committeeman asserted
that "a serious defect" in the bill
was the "entire lack of amortiza-
ton, taxation or refunding for an
ticipated payment of the large sum
the government will owe in three
years" when the bank loan period
would expire and the veterans
holding certificates would be au-
Ithorized to borrow direct from the
government. They estimated at
that time the treasury would have
to provide 5000, 100000 for ad-
vanees to banks on unpaid loans
made to veterans and to the vet
erans themselves.
Dste of Certificates.
"Attention is called" says the
report, ito the significance of the
date the certificates are to bear,
namely, October /, 1922. With a
large force of clerks and the best
expert assistance possible, compar-
atively few certificates could he
issued by that time, and it would
be at least SIX months before any
large number could be put out. The
reason for the date, therefore, of
the operation of the bill as october
/, next, one month prior to cleo
ltion, Is very apparent"
"In estimating the political eff
feet of the suppoEt of this bill" the
report continued, "it would seem
that rank injustice is being done
the intelligence and patriotism of
the eX-service man. 1t seems to be
assumed that because each individ
.ual veteran IS to receive a slight
pecuniarv reward, therefore, he
and his friends will in turn reward
those who vote il and punish those
who do not, regardless of what the
effect of the legislation upon the
country as whole may be, We
believe this is unjust and untrue.