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TAXIMUM OF $625
FIXED IN
-
Republican Members of Ways and Means Committee
.Reach Agreement en Compromise Measure and
ft Instruct Chairman Fordney te Repert It te Heuse
i
....
Ity the Associated Tress
... ti..l.i Afnri'li 7 l"lnnl n
igrec-
'" ,V, en the roinpreinse Soldier Honus
'Em was renched today by Heuse WnyH
ni Means Committee Jicpnuitcnns. who
ntlierlzcd flmlrman Fordney te pro pre
Lilt the tneiiHiire te tlie Heuse befere
i"y- .,l..n ti'.M'.li.At. autimitiiml
" . T.- -tt nfr. fit. fiiH tti.ii
" "'". L" .1 I n.,B-nv.t l, il. ,.,...
measure iiiiii ""-""I'l" "'".. '.""."" 1 1
'r,lttw. 'ine Vr"":,.. ."".?..' I"1 I,m,ul!enn were mad.' before October 1. inK.
W:rZi;110 measure carried'
I four option, with an added prevision
jf Immediate cash payment te these
.mr service men entitled te net mere
I hm $,"0 of adjusted service pay. It
I wis stated that no changes of impor imper
I lince had le"n made In the new Imnlc
I lean prevision of the adjusted service
J certificate title or in the ether three
options, which nre:
Vocational training, home and farm
! i!d. ami land settlement.
1 The effort te have included In the
measure n prevision providing for the
fijment of compensation te immediate
relatives of men who have died since
their ducnnrge nom me service was
unsuccessful.
Chairman Fordney predicted that the
; tneasure would be passed bv the Heuse.
tit saw iiu wns iiiiut'L'Kied wnctner it
would be brought up under a suspen
sion of the rules or whether he would
Kek a special rule for its considera
tion. Under the previsions of the bill as
new drawn, n veteran would mean any
Individual who was a member of the
military or naval forces of the United
States nt any time after April 5, 1017
Ithe date of the war declaration) nnd
before November 12, 1018 (the day after
the signing of the armistice). In com
puting the length of service credit would
be given for time served up te July 1.
1910.
Text of Dank Lean Prevision
Here Is the text of the bank lean
prevision of the compromise Soldiers'
Benus 1)111 :
"(a) That a lean may be be made te
inyutcrnn prier te September SO, IIU.'.".,
upon his ndjusted service certllirate
only in accordance with the piovisiens
et this section.
"(b) Any national bank, or any
bank or trust company incorporated
under the laws of nny State, Territory,
I possession or District of Columbia (here
inafter in this hcetien called 'bank'), is
authorized te lenn te any veteran upon
lis promissory note secured by his mi
nted service certificate (with or with
out the consent of the beneflclarv there
of) any amount net in excess of 50 per
centum of its lean basis, ns defined In
(ub-tlivlslen F of this section, such lenn
te matin c en or before SepteiOer 30.
192,j. The rate of interest charged upon
the lean by the bank shnll net exceed by
core than 2 per centum per nnnum the
Kite charged nt the date of the lean for
the (livxiiint of commercial iiaper under
Section 1.1 of the Federal lleserve Act
bj the Federal Reserve Bank for the
federal Hescrve district in which the
Unk is located.
Dnnks Safeguarded
"(c) If the veteran does net,' pay the
innclnal nnd interest of the lean within
a months after its maturity, or in any
tjenfby September 110. 1023, tiie bank
ihall present the certificate nnd the
tote te the Secretary of the Treasury
tot earlier than Mny 10. 1023, and net
liter than October 15, 1025. The Sec
retary shall thereupon cancel the note
and the certificate and pay te the bank
tte amount of the unpaid principal due
t and the tmpnid interest accrued, nt
the rate fixed by the note. Up te the
date of the check issued te the bank the
difference between per centum of the
wan basis of the certificate at the
me of its receipt by the Secretary and
ue amount se paid te the bank shall be
Immediately paid by the Secretary te
the veteran, if living. In case of the
teran s death, after the expiration of
the six months nfter maturity of the
ran or in the case of his death after
September 30, 1025. such difference shall
paid te the beneficiary under the cer
tiScate, except tlint if such beneficiary
wa before the veteran nnd no new
weflclnry is named, or if the benefi
wy in the first instnnce has net yet
wn named, then the payment shall be
Iit0 ,,,' '"tute et tl,e veteran,
la) If the veteran dies before the
.prnclpal is due, the amount of the tin
Hid principal mid the unpaid inter
J'ltfwl P te the date eMii death
"all be Immediately due and payable,
a such case, or If the veteran dies after
the principal is due, but before the ex
piration of the six months nfter the
vmiiipni is ,ie or before October 1.
"-. the bank shall, upon notlce of
i! !?' hmt tlll! certificate and nete
the Secictnry, who shall thereupon
!ii .!"? ,l0t0 nmI l"iy t the bank in
satisfaction of its claim the amount
:'"' unpaid principal and interest, at
tlf Jaie ll.xu'1 '" the netc. accrued up te
''Mtc of the cheek Issued te the bank;
Pt that if prier te the payment the
Mnk Is notified of the death by the Sec
"try Of ti 'I'nncn.r .l f l! ..,
went the certificate and nete te the
Secretary withl,, fifteen days ufter no ne
il?. ?.uch ,,ntcrcst shnll be only up te
w ! fifteenth day nfter such notice. The
Mctetary shnll deduct the amount be
Id from the face value (as determined
&8ci?!,,en r'01 of tl10 certificate.
tli.l.ni i ,! nn' Ienn ls ,n default,
P,lnl tfm, Nv,lthi" thirty days there
bit !i y ihe Secretary of the Treas
thi.J1,0.fl!cU idatlve te the note,
'name of the eteran, an the num-
Ifiti'l11"3 leu" unHls et nn.v certlf
"" at any time shnll tnv the .
"ll "rt ltllicate
Z(a ".''l wtien, be the amount e
i...?u.J.U5lccl service credit, nlus
in-
leeh t m" fren? 0ctebl!r -l. lf-2, te
rate of 4 Tier
tut per nnmim
compounded an-
aAv payment unen nnv
note
SecMtn, ina?", unS!.cr tllis scct' y the
,"'". "f the Treasury te nnv bank.
Uaccernnnn? .'0vl,cn Presc'itcd te lilm,
a effi'r 01 by nn "ffldavlt made bj
teW'S i'3Jilatlen of the SecrcX
iM..i;r or ""ler coninensntlen feienii
?' Wail lnnlrt i 'r " l,lu lu"
?emeni ,?f , u'l,laMi"' for the en en
tlej,"i ni et 'he Piovlslens of this see-
,l
5and ('en flrate, Sarfegnurded
feritf cSil.n . Prevision as te
ta, " certificates is contained in the
Certlfipnta t...., . . .
unilm. 7i '""'"-u or rignt con-
ST' "visions of this title
nXEl'fM? or assignable or
t
i.""1 as nut lnrivmi i... i.i .:..!;
lu. "'poet te ;t. ." ";-"?',""
""We Unrtni. .1 i "'uni.- ill lllljr IUIIII ,
iwii.'S' '" action bv the bank te V
t&eei rer ..... i y an whi('n' '" director, T"
k." ur llipmie t lernnf ...I... .!.. .'. rrnri'
fftll.T.' ""'ILL or nttiiiimf t.x ..!... ntln.1 fnlll Tlin llflllbll il UUIL-llll J vvu...
"rie. r.l,... - "" iiuv-i -in -.--
'VUITI r. 7 " II. Ill llll.lKIT 111 m.w.., .--... -
"'UbelinM ,c".f('e "r i-oinpensntlen, mlttce today that the practice ei home
' e I nA,e.t0,the vet"" fr a pen- courts in throwing out cases en a tech
nit ki1 ,0 .te be roifevprPil in n '..lull nlcnlitv was calculated te turn practical
"(hi .!.. bv, 'I'" veteran. businessmen Inte lielshevlsts.
ii...'.. Alie Si'i'i-niii..,. t .i... in i ,i. i, n.ivliifli.ii uhli'i would nu
NhhUul . .
BONUS BILL
.
Fcrve as security for. n lean ether than
one made under the previsions of G02
mid f04 (the previsions nutlierhlnn
leans by banks or the Federal tlovern"
ment) any lean made In violation of
any prevision of this section shall be
held void. Wherever the Secretary of
the Treasury finds that any such ccrtlfi-
imc or riKiit nas nccn negotiated or as
"V"i wumu luun le vcirrnni en OT
tlfinates the amount Othnnep.l If l,n
5.&' !!.' ccnt. et t,,c..?um, ?f. first,
ernn (figured en the basis of $1 n day
mi- iiuineiic furvicu miu $i.-.j ier over
seas service with n maximum fixed at
$023 for these who served overseas and
$500 for these who did net, plus, sec
ond, Interest thereon from October 1,
1022, te the date of the making of the
lean, nt the rate of 4V4 per cent an
nually, compounded annunlly.
"If the lenn were made after October
1. 1023. and before October 1, 1042
(the date of the maturity of the cer
tificate), tlic amount ndvnnccil wnnlil
I be 70 per ccnt of the sum of (1) the
bitviuu urcun iiiL'iuiim'u uy -J jier cent,
plus (2) interest at the rate of 4 per
ccnt (ompeunded semi-annually.""
If a veteran defaulted for one jcar
In his payments in the (tevernment
his certificate would be voided, but If
he borrowed less thnn the maximum
authorized by the law lie would he
paid 00 per cent of the difference be
tween what he borrowed nnd what he
was authorized by the law te borrow; if
a veteran held his certificate for the full
twenty jears he would be paid the sum
of his service credit ' Increased by 25
per ccnt plus BV6 per ccnt interest,
compounded annually.
Harding Opposed
te New Benus Bill
t'entlnntd from rant One
money for the soldiers new or at any
time in the immediate future. Frem
the way Mr. Harding has talked about
the bonus, it is plnin that he would like
very mi'ili te say this. Hut he is stop step
ped bj the primary campaign pledge,
which there is every reason te believe
he new greatly regrets having made.
Hns Banking and Credit Sense
Mr. Harding is nt his best upon busi
ness questions like this. He has a
hense of banking nnd credit which few
I'resuient nave Una. sitting in the
beards of directors in local banks has
given him nn insight Inte thee topics.
which Presidents like "Wilsen nnd
Iloescvelt. for cxamnle. did net have
lie is net n banker, but he crnsns the
banker's point of view mere readily than
most politicians de.
It is this which has made him fol fel
low rather closely the advice of Secre
tary Mellen, and Mr. Mellen is less
the politician than almost nny one who
hns ever sat in his seat. He docs net
like politicians ; he docs net understand
them. Much less even than Secretary
Hoever, for example, docs he sec the
political implication of such a question
as the soldiers' bonus.
If Mr. Harding had retained Secre
tary Housten from Mr. Wilsen's Cabi
net he would net have had a less po
litical administration of the Treasury
Department then he lias under Secre
tary Mellen. The latter retained the
cleverest of Mr. Housten's young men
at his elbow without any rcgurd te their
peliti'-s. One young Dcmeciat whom he
wMied te keep in the early days of his
administration said te him: "Why,
Mr. Mellen, you can't de things tlint
way. Yeu will get yourself in trouble
with Congress and with your own
paity. It simply is net done."
Mr. Mellen looked nt him with blank
astonishment. He had net usked his
empleyes in his bank what their poli
tics were. And this new job of his was
simply banking.
Mellen Safe and Conservative
And he has made it simply banking.
His course has been n safe, conserva
tive one. It hns net been inspired. He
lias net, like the first Secretary of the
Tieasury, "touched the rock of national
resources se that abundant sticams of
revenue have burst forth."
He lina net been constructive. He
lias been safe. He distrusts inflation
with nil (i banker's dlhtrutt. The poli
tician's golden means is always infla
tion. I'pen the hill they want te give
the seldlcra several billions by the sim
ple process of inflation. They want te
touch the printing press se that abun
dant streams of paper will burst forth.
Mr. Mellen distrusts the printing press
even when only newspapers bur.t forth.
lie does net differ much from Secre
tary Housten, his predecessor. Their
policies have been almost exactly the
same. They both followed the rules that
ure s-ct down in the books about banking.
Mr. Harding lias had te steer n
course between banking nnd politics.
He lias steered it close te banking, which
Is wertli putting en record an a bit un
usual. ,
WARDING BACKS APPOINTEES
Braves Opposition te Smoot and
Burten en Debt Commission
Washington, March 7. (By A. P.)
Eligibility of Senater Smoot and Hep-
resentatlve Burten te sit as members
of the Allied Debt Refunding Commis
sion while retaining their congressional
vnntu wlilrli lina heen OUCStiOllCll 111 the
Senate, wan discussed with President
II .1. !.... !.. Cm.ntna. Pll IIIIII I II J
iiunuiig .unity vy quhuiui m..........
Senater Cummins informed the Presi
dent of the nctien of the Senate Judl Judl
clerv Subcommittee by vote of II te -,
holding that the two nominees are In
eligible, but en leaving the White
Heuse said the President had no in
tention of withdrawing the nominations.
Attorney General Daugherty, before
entering the Cabinet meeting, told
newspaper men that as a "curbstone
opinion he considered the two nppoln nppeln
tces legnlly entitled' te serve en the debt
commission.
RAPS COURT PRACTICE
Head of Bar Association Objects te
"Throwing Out" Cases
ushlngten, March 7. (By A. P.)
emas Lee Hlielten, ei 4oriem, .,
senting the American unr asneci-
tlinrize the I'liUed States hupreme
Court te prescribe new mles regulating
procedure en the common Invy side of
the I'dleial courts, the American Bar
Association and forty-five .State bar as
sociations, he said, had Indorsed the
new sjstem. ....
"L'ndcr the English law enacted after
fortyfive years of effort, it Is Impos
sible for a case te be thrown out en a
technleanty. he saw.
Ghe8t Witnesses '
Face 500 Queries
Centhraca from Pan On
miles te get at the bottom of this mys
tery and I de net intend te freeze te
death before I hove seen it threurh and
announced my findings te the scientific
world,
"After I m sure we are all going
te be comfortable, I am going te take
tip my headquarters in the 'guest room
where for a few hours I want te be all
by myself. Tlila will all be apparent
te you boys later. The first n'cht I ex
pect te Npend sleeping, for X am begin
ning te get tired. I hope I will net be
disturbed the first night. My experi
ence with 'ghosts' has been se far that
they nre considerate.
Ghost Wouldn't Interfere
"I remember net long since at tay
home there were very frequent rappings
en my desk, where I was studying.
These rnpplngn kept up for several
weeks and I have net yet learned of
their origin. However, I noticed that
en nights when I was te give a lecture
the rappings were net heard. That
is why I say some ghosts' are consid
erate. I hope te have the same respect
paid be by the Caledonia species, that
is, en the first night. After that I will
be ready for them.
"I have prepared n net of 500 ques
tions which I shall put te nil the eye
witnesses of the mysterious fires and
the uncanny happenings reported te
hove taken place In the MacDonald
barn. I intend te pay particular atten
tion te the exterior of the barn and will
make sketches of th? stanchions and
stalls in which the cattle and horses are
paid te have been shifted nnd In which
ether things have occurred.
'I am particularly eager te question
Mary Ellen, the adopted daughter. I
heve investigated several cases and have
always given close attention te the girl
In the'easc. Yeu will recall the great
Amherst mystery, of forty years age. I
will put Mary Ellen through a cress
examination, but, mind you,
I hare no
reason te suspect this girl.
An a mat
ter of fact, if published reports are' te
be believed, in my opinion sue is mu
most innocent et any,
"A different scries of Questions has
been prepared for Mr. MacDonald, own
er ei tne iarm. ms age, seventy years,
interests me. As for Airs. MacDonald,
I hope she will be well enough nfter
her terrible experience in being out of
her home In a raging blizzard te bcc
me.
"I intend te hnve as much as possible
of the original furniture moved back te
the house, especially the famous "sofa
and cushion, which I am told burst into
flames In plain sight of six adults, Then
I will rail en the nelehbers. particu
slelc
larly the McGllllvrays and the Mac
Donald men who witnessed, the fires nnd
who helped the MacDonald family move
from their home. ,
"I am told since arriving in Neva
Scotia that there is another young man
who heretofore hns net been mentioned
in any of the stories I have read. He
is, I understand, the sweetheart of
Mnrv Ellen. I am told that he was
net present during the manifestations.
in tne niacuennm neme. x weuiu ukc
te knew where he wns.
''New mind you, I am net basing an
awful let en this cress-examination. It
is only preliminary. It will help me te
reel my way. utners nave icarnca nein
ing by cress-examining these people and
1 understand Detective uarreu is a
very capable man.
"Follewinir the examination, and if
k
the mystery is still unsolved, I tthall
settle down satisfied that this is, in
deed, a scientific puzzle. I shall inves
tigate the reports of high electric cur
rents which electrical 'students have
stated are attracted te this particular
part of the dominion due te the close
contact with the powerful wireless sta
tions nt Glace Bay and Louisburg, Cape
Breton.
"I see by letters in the Halifax Her
ald that scientific men from an parts of
the dominion lay much stress upon
these electric currents. I am greatly
impressed with what one Ottawa scien
tist has written in tills regard. I want
te say that this mystery te me is very
interesting, and I am astounded at the
interest it has caused everywhere I have
ill iiiiiiH H
The American Tobacco Company
honored "111" cigarettes by cheesing
for their name the address of its
Heme Office 111 Fifth Avenue, New
Yerk.
The American public honored the
juu kwii
been. Nothing will be left undone by
me, In the interest of science, te solve
it."
Caledonia Mills will exert every effort
te make Dr. Prince comfortable during
ids stay in the nbandened house. Dr.
I'rithic seya he docs net want a let of
fuss. He in satisfied with' a warm bed
nnd n warmer house. He fears the fold
dreadfully. With the party is an nrchi-,
tect, wnq win maKO tirnwings or i no ,
house and barns, the locks and even the
keyholes. Twe photographers nre also
with the party. Owing te the isolated
position of the farm it will be neces
sary te relay Dr. Prince's stories te
Antigonish by courier en feet, then by
h te a leng-dlstnncc telephone and
then they
graph.
will be forwarded by tele-
iNConteniriD
MBBBH 3 tl kin iltiiiESB
Btri2ffiiiiTlK''i-'' - isM dSx ?AUJTiK.ijSBMrs8B
iiLi 5 j it ildliHw)BPwr iaT3Blwr?MB,TwWKf!wfrPwl liywSuHN
HI WieaMMCM aH)rlmtaWMH
iB i . fSiitZr , HlxvTtJifTiTjJBlsieMM'Tiy'I'ilJrfJa'i wCwttl
iHVJJHMfMPiHliiM
51 OIIC
HI no
9 H $Mr
iH nil Hr w$L mr y
HJRRI8H SS? Jffl A mJ&
Which means that If you don't like 111" Cigarettes,
your money iwck irem tne
'DF1UG STORE'S' PROFITS BIG
Pettsvllle Firm Said te Have Made
$125,000 en Liquor Sales
Podsvllle, I'n., MnrclF 7. Alleged
big profits made by drun.cempanlw en
gaged in the wjiisky business arc con
tinued by additional stniemenis mniic
,.. j,,, hCnat!enal suit oreuglit by
Ti,.nlnH u . I ,lllle a-snlnst three partners
in tlm lilnnl Mnniifacttirlni: Company
Llllle sii.vh he put up $5000. the ether
pai triers doing likewise. After right
cen months he wns handed buck $0000,
but the real profits of the company en
titled him te $:iS,000. he dcclnre. About
H.'.",000 tetnl in clear piefit was made
In the elghicen months, Lllllc says, by
the sale or whisky in barrels mid rases.
BURtET
In a new package that fif ihepcfc&efr
At a price that fits the pocket-book
The same unmatched blend of
TjJRKISHtV.IRGINIAimdMURLEYTebacCQ3
F
HONORED
judgment of The American Tobacco
Company by making it one of the four
biggest national sellers in less than 18
months' time.
We would be honored te have you
try them.
111
dealer.
&H&snzf)kmrwB
LOUIS E.WiSEF.
9ic Quality Qurniture Center
760-lbl Se. Fifth St Philadelphia
Bet. Locust and Spruce
APPRAISAL of Wiser Furniture is
-- always followed by swift apprecia
tion of its unusual beauty and exceptional
value. J fere one finds elegance of de
sign and exquisite workmanship at a
price range surprisingly moderate.
Queen Anne Hcdroem
American H'nJif
illureau Bi
THE WISER collection of Carpets, Rugs. Lino Line
leums, etc , is likewise well worthy a visit by
these necking extra value.
itta
eleven
arettes
IttreeFrfendfy
Gentlemen
IFTEEN
FIFTH AVE.
NEW YORK CITY
tm
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far
Suite in tA
piece. . ,P2JJ
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