The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-06-01
COMMITTEE IN
BONUS D. K, 9-4
SUBSTITUTION OF
SMOOT PLAN LOSES
McCumb:er Hopes to Get
Early Action By Dlsplac-
ing Tariff.

washington, May 3l.-The mouse SOL
diers bonus bill amended In seferal
but with the much discussed
hank loan provision retained. was ap-
proved today by the senate finance COM
mittee. to L. Chairman McCumoer
nroposes to report the measure to the
senate within a few days and said ne
hoped to get action before the passage
Of the tariff bill. .-...
The more Important alterations were:
Changing Of the effective date or
the LEGISLATION from next OCTOBER
TO January !, 1928.
Removal OF the time limitation on
the tiling Of applications for ad-
justed service compensation.
Abandonment of the reclamation
plan and substitution Of provision
under which veterans would be
given preference in making entry
on public or indian lands when
open TO entry.
Elimination Of the forfeiture pro-
vision, under which veterans failing
TO repay loans made by banks on
the government on adjusted service
certificates would have forfeited
their certificates. Under the amend
ed bill such veterans could reclaim
their certificates at any time before
their maturity twenty years from
the date Of issue upon payment or
the sum they were In default plus
interest at Az percent compounded
annually.
How They Voted
Approval OF the altered house meas
ure, the McCumber plan. was voted oy
tho committee after rejection, TO D
OF a measure offered by Senator Smoot.
Of Utah. Republican. proposing PAID UP
life insurance.
On the vote for the McCumber mea-
sure Senator Mclean Connecticut, he-
publican. broke the tie that had existed
among the ten Republicans OF the COM
mittee as between two propositions
Others supporting the amended house
hill were: McCumber. North Dakota;
LaFollette, Wisconsin,; Watson, Indiana,
Curtis, Kansas. and sutherland, west
Virginia, all Republicans. and simmons
North Carolina: Walsh. Massachusetts
and Gerry, Rhode Island, Democrats
Senator Simmons, ranking minority
member Of the committee said the DEM
ocrats supported the McCumber plan
NOT because they favored 1t but to Oh
tain quick action on bonus.
Plans Indefinite
Neither President Harding's Views on
the bonus nor methods Of financing the
entered into committee dis
,uss!on. senators said. Leading propon-
rnts of the McCumber plan expressed
the belief that this plan would prove
no, unacceptable to the executive, since
II called Tor no heavy expenditures dur
Ing the next three years that would re-
luire either new taxes or any large
drafts on the treasury.
President plans for calling up the
bonus bill in the senate are indefinite
Senator McCumber said he did not de-
sire to make it q partisan question.
hut that he hoped to reach an agree
nent under which a final vote could be
taken before the passage Of the tariff
bill.
Expect Long Fight
The bonus bill is certain TO lead TO
a long fight. The Democrats express
as not at all pleased with
It's present form and have Indicated
that they will have number OF amend
ments. Senator Smoot plans 10 oher
his insurance measure as substitute
3nv may Introduce the sales tax Issue
into the discussion.
Opponents OF any bonus who Include
Senator's Borah. Idaho; Moses. New
Wadsworth, New York. Re-
and Meyers. Montana. Democrats. are
publicans. and Williams Mississippi.
and Meyers. Montana. Democrats, are
for a determined fight on the
bin Bonus proponents contend. how
ever. that they have the votes to put ad-
,ustcd service compensation legislation
through.
Under the bill as the senate will re-
-eive It the amount OF compensat
credit for veterans will be computed on
the length of service. less the $50 bonus
natd the men at their discharge. but
would not exceed $500 for domestic ser
vice and 1925 for service overseas.
cash bonus would be paid only TO
'hoSc veterans whose total credit did
not exceed $50.