The New York herald., 1922-08-06
Special Dispatch to THE New YORK HERALD.
New York Herald Bureau.
Washington, ID. c., Aug. 3.


New York Herald Bureau,
Washington, ID. c.. Aug. ..
Republican leaders admitted to-day
that they are still trying to work out
some sort of a plan to raise the money
to finance the bonus, thus hoping TO
frame bill that will meet the require
ments of President Harding.
While several propositions have been
considered. the leaders confess they have
not been able so far to solve the prob
lem and the indications are that no
solution will be found. However, 1t is
probable that when the House recon-
yenes on August Is conferences will be
held with the members of the Ways and
Means Committee over proposal to
work out an amendment designed TO
raise the revenue needed to carry out
the provisions of the bonus bill.
Politicians in the American Legion
are back OF the move to revise the
pending bonus bill. They are now
convinced that the President is sincere
in his opposition to the McCumber
measure since it carries no revenue
provision Because they feel certain
the President will veto the McCumber
bill American Legion officials, 1t is re-
ported. can see noreason for its passage.
as they realize the hopelessness OF try
ing 10 pass the measure over the head
of the President.
Must Originate in House.
u While there has been a strong senti-
ment in the Senate for some time in
support Of a movement TO finance the
bonus by means of a sales tax 1t is
realized that any such legislation must
Originate in the House.
Senator McCumber, chairman of the
Senate committee, Is giving little
thought TO the proposal 10 amend his
bill TO meet the wishes of the President.
IAN he would say on the subject was:
we will pass the pending adjusted
compensation bill in a short time after
II Is taken up. That will be imme-
diately after the tariff bill is passed
which will be about August II. Not
only viii the bill be passed, but 1t will
be enacted into law"
Senator McCumber would not enlarge
upon his last observation, indicating
either he believes the President Il not
sincere in his opposition TO the pending
bill or else 1t will be passed over his
veto.
Senator Lodge would not discuss the
bonus measure other than 10 saw he
doubted very much IL 1t would be pos
sible TO confer with the President on
the subject before the measure comes
up In the Senate.
Democratic Senators in favor of a
bonus were not surprised TO learn the
Republican leaders are disposed to re-
wise the ATcCumber bonus bill. Eere
Is how one of them sized up the sit
uation:
1t Is surprising that the Republicans
are willing to go ahead with the Nc
Cumber bill. in view OF the latest deyel-
opments-the Presidents stand and the
attitude Of Great Britain on the foreign
war debts"
Democratic Jockeyinx.
The Democrats are making much po-
itical capital out Of the mess in which
the Republicans find themselves IN faith
ering the tariff and the bonus biils
While many of them will vote FOR any
Kind OF a bonus bill they will be ami
mated largely by political conside-at tions
mot so much the prospects of support
at the polls from ex-service men. as the
realization that the imposition OF such
q measure upon the people will cast an
odium for years upon the Republican
party.
/ caused much reaction against the bonus.
+ since II has been pointed out that the
enactment OF the former measure will
add much TO the living cost of the Amer
lean people. At the present time the
vast majority OF the people are having
trouble making both ends meet, accord
Ing TO statements made on the floor OF
{. the Senate. TO add another SIS. 900, 900 900
60 their burdens. opponents OF the bonus
bill say will be unbearable.
All talk about financing the PROPOSE
tion out OF savings affected In the army
and navy appropriations and in cutting
dowE the expenses OF running the Gov
ernment is sheer nonsense. Chairman
Warren OF the Senate Appropriations
Committee says all funds In sight for
the present fiscal year will be needed by
the different departments and deficiency
appropriation bill Is not improbable
Bonus advocates have abandoned hope
or getting announcement for the raid
! from the Treasury Department. since no
money is In sight from the war loans
made TO foreign Governments and the
Indications are It will be long time
before any Of that money Is available
IL any purpose.
The fact Is the Treasury Department
finds Itself IN an embarrassing position
over the foreign loans. Expecting much
or that loan would he funded shortly
officials have been calculating op II 10
redeem Victory notes and Liberty bonds
soon to mature. Unless that money Is
forthcoming soon. which seems unlikely.
then the Treasury Department will be
eoliged to resort to some other plan OF
sedceming the loans mentioned.
nEsTRAINs II. AND o. NE1IKERs.