New-York tribune., 1922-02-14
Informs Senate Leaders
He Can't Support Bond
Issue, Use of Foreign
Debt or Tax Schemes
Statement TODAY
To Define Attitude
Borah, Opening Attack on
Bill in Senate. Calls Il
BureIensomc andInwiise
BY Carter I icld

~ &tI l-i ititl
WA5IIINGTON. FEB. IL Presl-
dent Harding advised senate leadors
tc-day that he is opposed to dc
nes-ic hond issue to finance The 50,
der bonus. He repeated hiz oppos;
tion to an attempt 10 use The foeeigl.
debts for thi5 purpose. and indicated
clearly that he thought The taxes &c
far discussed b. the House and Sc
ate leaders to be extremely burden.
some AND unwise.
Wni.c tbs word vas reaching tb.
Senate, House leaders, shocked q.
he vigor with which their proposals
mad been received BY the country.
baclpeoaled with extreme agilit.
Not having heard tac ident-
'-isa5 on the domestic loan. they YER
nearly reached an agreement .
trance nc bonus with bond-, tart
i;2 off With an issue Of from So.
100000 10 100000 .00o fer thc frs.
year.
While ,h.s acgotatias aud discr,
lion w going on. Senator Bora~. of
idaho began al at.ack O. .hc aaols
bonus idea or tho aoor o. TO Serste
waict vas generally admitted afte~-
Tard 70 80 oDe OF the bes. speeches O.
his career, snd one which r7cei7el .re
most earnest attention from his col
lessuez.
'Iay Oppose my Legislation Now
Advisers ~et s3e Pre- ides. dec.a-ea
t''ias alr. Eara:rg wouid make his posi-
ton Known publicly ;o-mo,rov. JAcr-
are n.a7E. il vie@ u Tie v.ews ne ex-
pressed II c.fe-arssUiou to-aa., wht
think aec he s;ll come o'.t fail.
agairs3 any borus legislation at IRIS
time. Some ~ his closest adYifers are
'-'oT-1 % believe tha. au,- additioaa.
,a.;es or the imposing Of Z huee hero
sue, T-i.'1 IFS additional xef charges.
Yl.ch you'd na,'e L. be met from taxes.
would - increase tAo present busiresa
Oppression hai :. rould actually Prov
calamity to tte former soldiers, along
-rivh eFerybody else
Tae Pcesider- II talks vi-r Finarc9
Committee leaders m the Is. twenty
TOUR hours mas made = plain lie doc.
not belieHe the country ~ the Ircssur,
IS il 4 condition. to nae ti.e bonus MI
put through He feels a deep = az ne
did last Juiy tn.t. for economic and
fiscal reasons. it is Jar;se to pass i
He is opposed 70 using foreign bonds
20 inset The bonus, ana those Who nave
ralicd T'.1l hi.a since the p.an o+
S35o, ,oou.oe9 issEe O. United States
oonGs - raise TIE fund n2To found hir
cod @iSo - that p1opos itiou. hs
President stii feels faa; II .hc 5oNu
mea sure Is passed thu fund shoy,d b
raised b, taxation. hut he - no. sat
is4ied ri3a Tie ts%es Whica hate bee
under discussion IN ihc sub-comm
cf tne Ways and Means a.'d nance
committees.
Harding Confers With Mellon
Urgent pleas az being nadc to ,hs
President TO leu tie bill g thro4gt
for political reasons. lie is being L urgct
10 consent 20 the plan of . furthe.
issue Of United sfat4s bonds. and If u
Wiling 20 do this - let the BIZ D.
passed without am provision for pay
lHenr, lea -.li,y this 10 = i--.ei oato.
Belief "a strong to-uight that .ra
President IN what he is expected to sa
o-a.ogroV.. while not demanding tn
bonus be side tracked again. ueve~tAe
,ess vill insist that ti'c fund he raised
by some form O. taxation lie had /.
conference with Secretary o. the Treas
NY Mellon Oh tae Subject to-dny Sec
retafy Mellon's vie-xs are we'll know,
H. IS opposed 90 bonus legislation. but
iDsistenr that i it is enacted p~ovisio.
should be made for taxation TO raise
thc needed money
Senator Watson, Of Indiana. promi-
,ent member o. the Finance Committee.
talked With ti;c President on the bonus
TO-DAY. lie found the Pres;den
against issue ol additional United
States bonds. opposed to denenGence o
fcrelgn bonds and against the taxes
which have thus far been proposed i.
the Ways and Means and Finance com
lnittees.
Senate Bloc Against Bonus
Senator Borah in his speech took tbs
ground the bonus was econom:cally uu-
wise and that it was contrary to geoC
principles Of government. Subsequent
10 his address it became known that :
bloc of st least fifteen Senators IS nen
arraycd againa, tho bonus. Senators
Edge, Colt and Fernald ara recent ac
ditions 60 the number cf those who op-
pose passage OF the measure
The subcommittee OF the Ways aud
Means Committee and the Finance
Coinmittee marked time awaiting wore
from the President concerning the pro-
posed issue Of bonds to meet the bono..
Sena.o- 2orah, who came out againss
the bonus when it was pending in the
Senate last summer, is the first men,
her Of the Senate openly TO assail IL
since the present bonus situation be-
came acute. The utterances OF tho
Idaho Senator took on additional in
terest from the fact, it was disclosed.
he had = conference with President
Harding on me bonus question and
other matters 81 the request OF tn,
President on Sunday.
III general. Senator Bora opposed
the passage of the bonus bill not onis
because be holds il is contrary to the
policy which should govern in re.
public. but because he believes thu
country is in llo condition tc stand tho
increased tax burden which bonus wiz
impose. he maintains that the condi
tions Of the Treasury and of industry
which in,pelled the President last sum.
ner to speak out against enactment es