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MAR 111922 WEATHER FORECAST. Pair to-day; to-morrow increasing cloudi ness ; not much change in temperature. Highest temperature yesterday, 5a; lowest, 34. Detailed wcet.ivr report3 will be found on editorial pate. THE NEW YORK HERALD (COPYRIGHT, 192'J. BY THE SUN-HERALD COBI'OR ATIOX.J THE BEST IN ITS HISTORY. The New York Herald, with all that was best of The Sun intertwned with it, and the whole revitalized, is a bigger and better and sounder newspaper than ever before. VOL. LXXXVI.?NO. 195?DAILY. NEW YORK, MONDAY, MARCH 13, 1922.? LOCKWOOD ACCUSES GIBBS OF TRICKERY OVER HOUSING BILLS Meet in Albany Hotel Lobby and Crowd Witnesses Hot Oral Combat. UNTERMYER OX HAND Takes Charge of Fight for Passage of Most Impor tant Measures. POWER OF LOBBY FEARED Committee's Counsel Centers Efforts on Plea for State Trade Commission. frrcial Dispatch to Tub New Yo.ik Hbiald New York Hrrnlri Bureau. ) Albany. Mnrrh 18. f Samuel Untermyer arrived this "Iternoon and took charge of the Lockwood committee's fight for its constructive measures prepared after two years of work to remedy the bad housing situation in New York. Many of the bills are now in danger of dying In committee. Senator Lockwood and Senator Leonard VV. H. Gibbs of Buffalo met >n the lobby 0f the Ten Eyck Hotel this evening and engaged in a wordy battle while a crowd of legislators gathered around. ' Mr. Gibbs again accused Mr. Look wood of "running away" from a meet- J in# of the cities committee last Fri day afternoon, thereby endangering! the bills held in that committee. This was denied by Mr. Lockwood, who charged Mr. Gibbs with "playing a dirty, mean trick " "I am not counsel for any of the Insurance companies as you are," Mr. Gibbs shouted at the end of the oral battle. Mr Untermyer said he would stav through to-morrow. . He with Lockwood ?nd Senator Lusk were In conference all h.s afternoon and evening and will con nuo to-morrow, going over all the bills They aro over ne ,,ne In an effort to And anything objectionable or any defect * m,&ht endanger them at the last moment if discovered too late to amend. I ntrrnyer Ready to Fight. Mr. Untermyer said it would be a calamity if the Legislature threw down the committee's program, prepared with ?'ie greatest care. He said he was will ng to go any length or to do anything he could to assist In getting the bills through. Great concern was expressed by Mr Untermyer for the bill creating a State board of trade, patterned after the Fed eral Trade Board, to have general super ision of corporations. It i9 aimed at UntTrmyS said some of the legislators appeared to th/ pr0p?',!l1 ,s socialistic i. nnf w&l consideration. That , ' I^6', >'ald? and the measure is an essential part of the program. id^ato nl^hTT ? haVC a Vfr^ ^"nite woo/h*m .u r any of th* ^ck nortid ?.m Jhan thom' 8,0 f*<~ re The LV'lr lhrou*h the legislature, no prevailing opinion is that they will not pass unless Mr. Untermyer can p. r ,,ke r poi,,,rai ??"?>? nd break down the opposition built by Wth hoM " k and bu"rc?sed in colli houses by strong forces. h, .IL"1,? flirewor'?? were supplied to-day ... ^5 '^ockwood-Glbbs encounter in the Mr" Uynt^vby- H<"nat?r ^^aSd the lobbJ .OP?K n" T,. ?5t??/boul ,w?'??<"?? Kngage In Verbal Battle. ""I" y?H Jnin* "ut ?ver. unarile. demanded Mr. Glbb? 'I'm not trying to put over anything" retorted Mr. Lockwood. red with ?n?er t'irk onUmha-Ve Pla,ed R d,r,y Mkunk ? on me. ' V?. done wa? tell the truth you> !<ald Mr- Gibbs. I ,hat I ran away from my i own bills" .Mr. lockwood countered. I Mr. Glbb? repeated his statement and ins sted that the question whether he had a.-cused Mr. Loo.kwood of running or not was of little consequent loft a is **' ? ' Mr> l^kwood had eft Albany on Friday afternoon when1 t was very Important that he should have beon st the Capitol to attend a meeting of the committer. "Tou said In Interview's in the news-' paper* accused Mr. Lockwood. "that >ou told me there was going to be 1 thing""' Y?U nCVer ,oId me n"-v such | "1 did tell you there was going to mnet,n* " snapped Mr. Gibbs i bark"" d'd n?,,M Mr" Lockwood came There followed an "I did and "you did , *r"J,m*rnt . of several minute. | r^ hK ? ?T Lorkwood questioned Mr. iP New York there would have been enough members of the committee pres ent to report out the bills. Mr. Gibbs still Insisted that he bad two wftnesicn who heard him tell Mr Lockwood the committer wa* jrolnr to n.eet immediately after the adjournment last Friday. One newspsper correspond ent broke in to say he had told Mr Gibbs that Mr. Lockwood had left for New York before the Senator from Buf falo called the meeting. Mr Olhhv could not recall that. "I came over to your desk and told you," Mr. (Jibbs said, "and I hit ycur ?'esk so hard it almost upset your gla** of milk." Mr. I.ockwood came back with this "You don't control all the legislation In the dtles committee." Maybe not, but t have something to Continued on Page Sit. Theatric*! nmt lintel ami tlrstaiininl.* 1 *?v -rtUing ?ji| be found an Put* I 5 to 6 Heaviest Hour in Shopping District HOURLY ticket sales showing rapid transit passenger traffic In the shopping dis trict at Thirty-fourth street, as taken on Monday, November 8, 1921: Fares Collected. 3 to 4 4 to 5 5 to 0 6 to 7 P.M P. M. P. M. P. M. 4th rv, & 31(1 st. ft*x. av. sub.) 1,800 1,900 3J>00 3,800 6th av\ ?? 33<l st. (8th av. ? IV). 2.600 3,300 4,000 1,200 34th St. (B.R.T.) 3,000 3.1'JO 0,500 r>,*oo 33<1 st. (Hudson Tube?) 610 1,714 6,477 1,847 Penn. Hlntion (B'way-7tl? av. fsub.) 4,700 5,600 14.600 6,600 Totals 18,740 17,634 39.277 19,04 V * APPEAL TO SHOPPERS TO SHUN RUSH HOURS Transit Commissioners Ask 200 Women's Clubs to Aid in Traffic Relief. USE OF LOCALS ADVISED Plan Has Worked in St. Louis? Women Here to Be Asked to Conference. The Rapid Transit Commission went direct to the women of the city yester day with one of their biggest troubles ?relieving congestion on the subways and elevated during the rush hours. The women of St. Louis recently pledged themselves to help out in this matter by agreeing to avoid travel as much as possible during the rush hours. It occurred to the members of the Transit Commission of New York that If the women of this city would take similar action It might be possi ble, pending the development of new construction and of changes in transit operation, in the words of James Blaine Walker, secretary of the com mission, "to make more efficient use of present facilities." Mr. Walker last week sent letters to upward of 200 of the most influential women's chrt>s In Greater New York urging th*-m to turn this tiling over in their minds. "Relief cannot come," wrote Mr. Walker, "until come of the traffic at rush hour* Is diverted. But If this traffic could bo spread through the hours of the day so that the majority of the traffic would extend through a period of two hours night and morning, instead of one hour, we would be much nearer traveling In comfort and mak ing the fullest uso of our facilities. "Another element in the situation Is the habit of transferring from local to express trains. If shoppers were will ing to take five or ten minutes more for their trip they would greately lessen the Intolerable overcrowding of express trains." Mr. Walker inclosed a table of run ning time on the Kast Side which showed that one might get from Thirty-third to Eighty-sixth street by local subway ser vice In eleven minutes and fifty-eight seconds, or Just five minutes longer than It would take if one transferred to an express train at the Grand Central, allowing one minute for the transfer. By Lexington avenue or the Fourth and Madison surface lines the time consumed in going the same distance is about twenty-one minutes. The commission announced that a con ference with workers and employers in the shops had been called by Health Commissioner Copeland In which the Transit Commission has been asked to cooperate. "It is felt, however, that little will be accomplished." Mr. Walker wrote the women If the shoppers' help is not en listed as well. "Will your organization cooperate with the Transit Commission by ap pointing a committee on transit to con sider in what way the women of New Tori; can help to solve the pressing dif ficulties? "Depending on your favorable reply chairmen of committees on transit of the women's cluhs will be Invited at an early date to meet one of the Commissioners for a conference." Commissioner Le Roy T. Harkness Is giving this phase of the traffic situation his special consideration. U. S. LEGATION IN SOFIA IS DAMAGED BY BOMB Windows Art Shattered, but Nobody I* Injured. SortA. Bulgaria, March 12 'Associated Press).?An explosion occurred In the American Legation here last evening Nobody was Injured, but several of the windows were shattered and some dam age was done to the bull ling. Charles S. Wilson, the American Minister, said th? explosion was due to a bomb. The bomb was thrown shortly before R o'clock In the evening and Winded In the garden of the leiratlon. The fact that this part of the legation waa with out lights and that no one was there at the time aecms to indicate that the per petrator of the ourage had no inten tion of killing any one. The Kin* nnd Cabinet have expressed deep re (frets to the American Minister ?and gratification that he waa not In jured. Bulgarian public opinion strongly condemns the act. OUTBREAK BY WORKERS BLOCKED IN PORTUGAL Agitators and Explosives Are Seized in Lisbon Raids. l>asox, March 12. (Associated Press,) ?Plans for an uprising, tog-ether with quantities of ammunition and explosives, hnve been discovered In raids by the Government agents at the headquarters of th" workmen's syndicates. As a con sequence the syndicates have born closed and drastic steps arc being taken to preserve order. About 100 notorious .igltritors have hern arrested. The raids followed various acts of violence hy striding ?? o^'tnicn. DRUG STORE CASHIER SLAIN IN FIGHT WITH DESPERATE RANDIT Samuel Hadas, Employed in Whittier Hall Pharmacy, Shot Down. WOMEN SEE TRAGEDY Three Thieves Flee With No Plunder When Raid Ends in Murder. POLICE FIND NO CLEWS Columbia University Girls in Crowd Aroused by Screams and Shots to Scare Them. Samuel lladas of S23 East Twenty | first street, Brooklyn, a student at the New York Dental College and cashier for the drug store of Charles Priedgen at 1220-1222 Amsterdam avenue> was | shot and killed last night at 9 o'clock by one of three thieves who tried to hold up tlve store. One of the bandits sent a bullet from ' a .43 caliber automatic pistol crash | ing through Hadas's chest when the I cashier ran from behind his cage and ' tried to fight him. Hadas died almost instantly ,and the bandits escaped In an automobile, which, with a woman at the wheel, had been parked around : the corner in West 120th street. Friedgen's drug store is on the ; ground floor of Whittier Hall, a dormi tory for Barnard College and Colum bia University girls, located on the ; northwest corner of 120th street and Amsterdam avenue. It is a large ten | story building, and Friedgen's store ; occupies most of the ground floor. Tliere were at >east Sf?ven or eight persons In the place. Hadas was be i hind the cashier's desk, J. P. Muller. ; the manager, was behind the prescrip | tion counter, and William Carroll and three other clerks were at various points in the store. Seated at a table in the j center of the store were two young 1 women, drinking soda water. Invasion Made at Jaat A. The -Mock had Juat struck nine when the door opened and the three men en tered. One of them, with a revolver in his hand, stood at the door swinging his gun back and forth, but making no sound. The three wore soft hats drawn well down over their eyes so that their features were not distinguishable. A second bandit walked swiftly across the floor, drawing a gun as he did so, and covered Carroll before he could do any thing or dodge behind his counter. The third bandit, csrrylng an auto matic pls'ol in his right hand, wont swiftly toward the cashier's cage. Hadas heard the second bandit, order Carroll to hold up his hands and he heard the manager'* gasp of surprise and fright. He looked up and saw the third bandit hurrying toward him while the man wss yet ten or fifteen feet away. Hadas yelled for help, and then he dodged down behind tn? counter, leap?*1 to one side and plunged through the smnll prate of the cashier's cage. He made straight for the bandit who was, approaching him, although ho was not armed. "Keop back!" the thief yelled, "I'll kill you!" Hadas did not answer him. He swung his fist and hit the bandit on the Jaw. Tho man staggered back, but as he did so he ralv-d ills gun and fired one shot j before Hadas <*ould reach him with [ another blow. The bullet struck Hadas in the chest, w?nt through his body and | came out at his back. I The cashier gasped and slumped to the j floor in a heap, the bandit standing over i him and prodding him with his foot. | The other two. the man at the door and | the man who had been covering Carroll ; with a gun. hurried to his aid. but the { man who had killed Hadas said: "We'd better beat It. He's done." | Women Fire to Street. They turned and ran from the etore. followed by Muller. Carroll and the three other clerk*. The two women when ihey heard the shot and saw Harias 'all to the floor had jumped to their feet, abandoned their soda water and fled into the utreet. screaming. pushing past the bandit at ' the door, although he grabbed their arms ' and tried to prevent them. Their screams. the shot and the yells of Car- ' roll and the other clerks attracted a I large crowd In front of the drug rtore. Heveral men in the crowd pushed for- . ward as the three bandits left the ?lore, but the leader pol;ed his gun Into the all- and flred three *hota. This ular^ied and frightened the crowd and the men fell back. Hwlnglng their K?ms and brandishing them so that everybody could nee, the baodits hurried around Ihe corner into We?t 120th street, where their automobile, a black touring car. awaited them, a woman, according to report* received by the police, being at ? the wheel. Into this car they Jumped, the woman threw the throttle wide oi<en and the automobile shot through Am sterdam avenue tor.ard Broadway and vanish'd. ft was gone long before the 1 police arrived. Detectives from West 120th street hurried to the drug store, but the ban- | dlts had left nothing by which they could he traced, and the description* | obtalnrd of them were meager. Dr. j Chnr>s Iforrls, Medical Examiner, and Dr. Merrtweather of Knickerbocker Hos- I pltal examined Hariaa and aald he had ; been killed almost Instantly. Hadas wn? 2S years old. alngle and a j graduate of a dental college In Atlanta. 1 Ga., where his parents live. NEW VOLCANO IN MEXICO. It Has Hern Formed Wllhln Crater of Popocatepetl. Vrxioo Cttt. March 12.?A small volcano, which la showing signs of ac tivity, has been formed within the crater of Popocatepetl. 26 miles west of the city of Puebla. Persons who have returned from an '?spliirptlon trip on Popocatepetl ear t*?e new volcano has al! the characteristics ' Its parent. N Seeking Liquor Treaties to Stop Rum Running WASHINGTON. March 12.? Negotiation of "liquor treaties" with Great Brit ain and Cuba, as aids in putting un end to rum smuggling into this country, was said to-night by high internal revenue officials to have boen advocated by Prohibition Com missioner Haynea. Treaties wore desired, it was ex plained, to handle the Canadian border situation and to better con trol exports of liquor from Cuba, the Bahamas anu Bermuda to this country. Prohibition officials also have un der discussion a proposal for de claring rum running vessels to be pirates through negotiations with foreign nations looking to the can-" cellation of the registry of such ships. FILTH ON STAGE LAD TO HYLAN BY BRADY Producer Threatens to Call 011 Mayor and Demand Reforms. AL. WOODS HOTLY SCORED Actors Hear Jail Ts Place for Persons Connected With Shady Plays. Mayor Hylan and the rest of the [ city administration are to blame for any filth or rottenness that may exist1 on the New York theatrical stage, said William A. Brady in a speech made I last night at a banquet given in the Commodore Hotel by the Actors Order of Friendship In commemoration of the 116th anniversary of the birth' of Edwin Forrest. Pounding the table with his clenched fists Mr. Brady declared that further more he was going down to City Hall ? on Wednesday or Thursday of this ; week to tell Mayor Hylan that rotten i politics was at the bottom of the mat ter and that thp administration could stop the showing of indeccnt plays If ; it would do itn duty. i The H;??aker, who was constantly in ' tcrrupted by enthusiastia applause, said i that A! Woods or any other manager ' who produced nn unclean play should i bo sent to King Sing for life. ? He also | t-ald Jtbat any actor or actress, no mat- , I ter from what organization, that would ] ! knowingly appear In such plays should ! also be sent to pr!son. ? "I raise my volcc in protest against j ' what A1 Woods represents," said Mr. j | Brady. "He has no right to ride the ( I theater In New York State into damna- ' i tlon. Any man who deliberately pro- i ; duces a play of the vile, dirty, fllthy ! kind should go to prison, whether it be A1 Woods or any other prod;cer. "1 also raise my vok-c In approval of one actress?Mlna Gale Haynee?who i*fused to act in an indecent play. More por\ er to her kind. She deserves the ! highest credit, and no doubt in the Ion* ! run will rank among those who really i want the sta*c kept clean. "There are all sorts of mania'- niln- j Isters who a.re tr* InK to persecute the i actors. This kind of men Relieve and | try to make others believe that the peo- i ; le of the theatrical profession are rel- ' e.tlves of the devi'. Tlie Kord's Day Al- | llance could be put out business if \v?i would onlv organize. We are d>'fcns? -1 less almost because of this fact. "We no doubt need a looking Into our own faiftOy. We esn take care of our own filth and let our enemies care for1 theirs. T shall tell Mayor Hylan right to his fi?ee just where the fault 1 lt?." shout Indecent plays produced In this city. The city administration Is to blame because it has the power to pre vent stieh productions. "There ts more '.ntell l?renee and clean liness back of the real st8?ro than in i most any other business enterprise In this town. The whole trouble existing to-day ll"s back of rotten politics on the ; pirt of May ir Hylan's administration. 116 will be told about this Influence on I corrupt politics when I see him." De Wolf Hopper wn? toastmarter. The ' other speakers wen' Prof. < leoiire De O'Dell of Columbia University. the Rev. | Martin K. Kiihy, William Seymour, ; F. Msckay, Dr. Royla P. Copland, Will* | lam T. Phillips, Charles H. Wells. How ard Kyle and Representative Julius II., Kahn, chairman of the House Military Committee. About fifty old time actors were among -he guests, a few of whom 1 hnd i)l'.yd with Forrest. Mr. Seymour recalled that Forrest ap peared on the st*<te In Philadelphia on April 2. 1872. when ho had a small part Mr. Wells told InterestlnK experiences he had had with the ?crc:tt tragedian. It wes a notable gathering of men w'ho had done everjfthlng In their power to uplift the stage snd stand by traditions dear to their hearts. AIR BUBS SHATTER AFRICAN REBEL LINES, 1,500 ARE CAPTURED Outside of the Rand, Strike Has Had but a Very Limited Success. BRITISH TROOPS GAIN End of Vprising Seen in the Drastic Government Measures Taken. ATTEMPT TO KILL SMUTS Shot Strikes Premier's Motor Car as It Near* Kami at Potchefstrooirt, Johannesburg. Union of South Af rica, March 12 (Associated Press).?A shot was fired nt the automobile con taining Gen. Jan Christian Smuts, the Premier, to-day as lie was being driven toward the Rand, near Pot chefstrooni. The Premier was not hurt, although a bullet, struck the car. Gen. Smuts has issued a reassuring statement predicting an early restora tion of peace. This prediction seems justifiable in view of the easing of the situation in some directions and the rapid concentration of the Govern ment forces. Pretoria, Union of South Africa, March 12 (Associated Pre?s).?Air planes have twice dropped bombs on revolutionary commandos, inflicting severe casualties, and a large number of strikers have been killed or wounded in an attack against cavalry at Ellis Park, says a communication issued to-day giving a record of Sat urday's revolutionary disturbances growing out of the strike situation "The revolutionaries still are very active," says the communication. "They havo been burning houses at Renoni and Boksburg. apparently in retaliation for our bombing:-. All our airplanes now carry bombs in order that every advantage may be taken on the discovery of revolutionary com mandos. Two Instances occurred to day where commandos were success fully bombed. Direct hits were at tained, and the revolutionaries suffered '?overely." The communication then describes tlie successful resistance of 130 men of the Imperial Light Horse against an attack of strikers iit Ellis Park In which many of the strikers were killed or wounded five of the soldiers were killed and fif teen wounded. The communication admits that the strikers have had initial successes, but says the forces now at the disposal of the Government are formidable. Johannssruro. March 12 (Associated Press).?T5ic. troops have captured 1,300 revolutionist*" at Sophiatown and Brix ton Kidgc. besides clearing the neigh boring ridges, an Important achievement as the positions were strour and tlie rebel occupation presented grave menace. Airplanes dropped thirty-two bombs on revolutionists surrounding i? party of police In the Brixton area, causing nu merous casualties and scattering the other?, many of whom surrendered. The Government issued a Ion* eom munlcatlon this afternoon, declaring that the operations were proceeding very satisfactorily and that strong forces were rapidly converging. About ore hundred p-rsons are estimated to have benn killed in Snturdny's fighting and many more were wounded. Pesperste efforts are being mad" by the eommando* tr> grin control of the town before the forces under Major* Hen. Sir J. L. Van Deventer and flriK Oen. Conrad Brits can arrive. Only the | northern part of Johannesburg Is free of the commandos. The fighting for the m^st nart takes the form of sntptng. there lielnw only occasional volleys. The only Govern ment forces to be seen arc those guurd ing the City Hall. The striking miners are reported to have burned the police station in Fords burg Capetown dispatches say that out- j side the Rand the general strike has had a limited success. A? Durban a meeting attended by 800 persons, mostly strikers, resulted In the formation of a commando of 300 men, who paraded without violence. Wheel Bursts, Seven Are Dead When Car Leaps Off Trestle ATLANTA, March It.- SCVW persona were killed and nine injured to-day when n passenger car on the Atlanta, Birming ham and Atlantic Railroad wa? derailed near Union City. The car went off % trestle and fel! fifty feet. Thirty persons were In the car, tb# !a.?t of the trnln. whon one of the wheels hurst. Th" trestle wsji reached and al mi)?t crossed when the car suddenly turned over, team g amny from the one nhead as It fell Into the shallow creek. Si* me:i and one woman w<*rc killeri nnd several of the injured are not ex nected to live. One of the dec.d la W. E. Mcintosh of the Imperial Hotel, New York city. A graphic description of the wreck was givrn by H. F. Hrnta, one of the survlvorp. who was nrated in the front of the car and escaped without Injury. An Irregular motlori of the cat Just txfore the trestle wa* readied was the flrat Indl'-atlO'i that something was r*rong, he said. "About 6v? seconds later." contlnn 4 Mr. Henta, "w# suddenly plunged baclc - ard n'o -p-- 41 < va ii follo-.iod and Jl et as th?re were acreims from all portion' o! the car. "Those of us who occupied the frort section. when we regnlned our aensea, looked for an avenue of escape An opening was found through :he front doer. I n inaged to assist 111 ? three women who "ore with we through th opening and then return''! to help tb" others. One young man. apparently emahud, was the flrat person t found. He refuted ?o let me help him, hut urged mo to assist the wom?:i and chil dren. He sat there ealmly moklng o cigarette, >s 'f nothing out of the ordi nary hnd oci-urred. I learned lat^r that this younr man was Wtllard Cope, a newspaper man. ?'? have never seen such courage .is that of the women. Severs! were seri ous! v Injured, but without exception they implored members of the rescue party to piss them by and help others who were In woraa condition." TJ. L. Rttgg, receiver of the railroad. Issued a formal statement to-night, stat ing that the accident 'fn caused by the br< .1 Icing of a new wheel on the front tru< k. MELLON BRANDS BONUS BILL AS DANGEROUS AND UNWISE; FEDERAL CREDIT AT STAKE Full Text of Mellon Letter, v ?? A Spet. ai Uinpatch to Tub New York Hjccald. N>w York HTaId Burro u.) Wisliinstnu. 1>. Murcli 12. ( Secretary of the Treasury Mellon made public to-day his letter of March 11, 1922. to the chairman of the Committee on Ways and Means of the House of Representatives in regard to the financial foature.s of the bonus. It follows in full: t)KAR Mr*. Chairman: i<i-o'eCffVe(J the ,ettcr of March 8. ,ho enclosed copies of II. ? ? 6f<. from the Committee on ays and Means. and. In accordance litn the suggestion that the com mittee would he glad to have the 1 rci,.vtiryB comment thereon, have examined the proposed bill to pro vide for a .oldlers' bonus or so s e<i adjusted compensation for veterans of the world war. I have considered the bill partlcu arly from the point of view of its have ? C,?8t' and in th:,t connection '" obta'ncd from the Government Actuary, and submit herewith the best available estimates as to tho thlt ?th th*,reVeral pUns- 1 no"ce }i 0 3 carries no approprla I more,J* an authorization of appropriation which will mean of course, that no moneys could be pa?d hT Lbz'!r ?"???'? U.USSJ ther legislation should make an actual appropriation, j notice fur ther that the bill makes no provision whatever for nMag ^ J ^ ?r '???" HI. Jnnunrj Le.ter Reviewed. "/ni9?'y t0 y?u of January ' 1 indicated that the Gov. Z"Tnt faced a Pr?baWe deficit o? the basis of the budget estimates of the ifext {f00 ?00 000 d^ing this and he next fiscal year, and that If Con SVSS> decldp t0 a""Pt the pol wouid he n a soldler8' bonus it would be necessary at the same ,imo meet? th* addltionaI taxes to consider*Hn*'* t?^ ,h" bi" thpn ?nder that time the rvesident. In ins teiter of Febrijarj- Jfi 19"" in. beat Judgment that any bonus lej?" la .on should carry with it the pro vision* for raJvil1p th? nrp?^ "Ue* t:'?' bo found himself unable t suggest any commendable plan '"at if i.onjcress should not wish to "etTheT'1. ? ";an ,f wouM be wiw to let the legislation go over 10-?? .hlM n?W ,n '"??"on f If. R "thi Mew^^?8^ ? time that their total adiiiKt?<i T..*ni Cnat of Pr?vla|?n. The total eoj,. ftf Q "stimated, would h- about tt* the other four of the five ^ims Plan,, including ft.mi ,nd home |", SiS rrnt r,"1 an 1 'raining. It provides, as the urinr.) *v<l houti? plan, fo - so-called adjusted eZr.C,rf,?,H,,*S- Mh,?h amount. In ' t, .o paid-up endowment Insur ?m-e policies issued by the Govern-' ment. to mature at the enj of twen of S vet?e;;:r',er ',PO" th< The maturity value of thf.se poll calculated on the harts o' the so-called adjusted servlcJ eredlt 'wbich corresponds roughly to the adjusted service pay ?,nt WOI1|f, h hee,, allowed under the cash lw,?s Plan), plu? ftn |?orwu)e of 25 nrp cent., with interest In combined fig ures at the rate of 4% per cent p..r annum, compounded annually for r#n'H- The ndJu8t^ "crvke certificates would be non-ne<rotinb|e and there Is no provision fo - direct pof y loins by the Government un til arter S?pt^mV?er 30. 1925 but In the^ meantime national and State "?n ?s and trust companies are Ru. thorlrel to make loans to holders of certificates t,p fo 50 per cent, of the adjusted service credit. p|,tM |??ere*t thereon at the stated rate to the date of tho loan. Wnntlaforv He<tem|>(|?n, As to vetov,,^ w.,|0 lK)rrow on their certificates from the !-.ank.s nod nii to repay th? loins within six months afl??r maturity, or hefor? September R0. 192*,. the bill provides that the Government must redeem t'e certificates In ca>.li upon demand <*tw"en May 30 and October 15, 1925. at *0 per c?mf. of the adjusted senlre <Ted|t, plus Interest thereon nt th? stated rate to the date of rr fVmption. and aoply the proceeds of puch redemption, first, to the pay ment of the bunk loan. With prin < I pal and Interest, nnd then any bal ance to the veteran or his benefi ciary. After September SO. 1925, the bill provides for direct loans on the eer. tlflcate?: from the Government. The bill makes no provision whatever for sinking fun.!, amortisation or other r- servos against either the lia bility that would be thrown upon the Government in 1925 or against thr liability on the certificate# at ibe end of fwenfv years, nor doe. it make any provision for the pay ments which would ac rue In ordi rary course from year to veor on account of the death of veteran?. The direct coat fo the Govern ment of a bill carrying these pro Utio?n? ;01 ..b. it ;.j:'0,000 ex * r vice men is almost impossible to estimate beeausc of the uncer tainty as to which of the plans will be chosen and in what pro portions. With the cash bonus eliminated, except to the extent of payments of $50 or Uss, the provision of th< bill that offers the nearest approach to ca?h is the plan tor farm anil home aid. w.dcr which the veter ans would be able to gel, beginning January 1, 1923, for the purpose of purchasing, improving or making payments on a city or suburban home or farm, the full amount of cash that would have been payable on a cash bonus, increased by 40 per cent. The plan for land settlement aid provides for the development of reclamation projects and for al lowances to veterans who elect it. These two plans offer so many attractive possibilities to veterans, as well as to persona interested in the development of home building, reclamation and other projects, that their cost during the first few years of the operation of the bill is sure to be substantial. It is impossible, of course, to cstimote the propor tion of the veterans who will choose these plans as distinguished from the certificate plan and the voca tional training plan, but the Gov ernment actuary has prepared tables of estimated cod on the as sumption that 70 per cent, will choose the certificate plan. 23 per cent, the farm and home aid plan, 5 per cent, tha vocational tralnins plan and 2 per cent, the land set tlement plan. Attractive Redemption PP??vl?lon. In the calculations as to the cost of the certificate plan, it is assumed that half of the veterans will borrow on their certificates front the banks and default on their loans, in view of the attractive pro visions for cash redemption in case of default. The table showing the esUmated direct cost of the bill on this l>asiH for tho twenty?year period from 1923 to 1913 is at tached as Kxhibit 1. A further table showing in detail the cost of the certificate plan on the name basis, as to the 70 per cent, of the veterans taking certificates, is also attached as Kxhibit 2. It appears from the tables thai on the basis assumed by the actu ary the total direct cost to the Gov ernment in the fiscal year would be $28!>.9r.-l,000: in the fiscal year 1924, $218,440,000; In the fis cal year 1P2.*>. $128,013,000. and In the fiscal year 1926. for the most part bv October 15, 1925, when the adjusted service certificates used as security for bank loan;- would have to be redeemed, $615,822,000. This would mean total payments within about three pud a half years of nv. r *1.200.000.000. Thev. r-htlma'.e" taKe no ac-1 int of amortization or other r-serves against certificates 10 remain out standing after the ii-cal year 1926. which . ouid it M ^t least ? 10,000,900 a yenr -?> the current charge*, or or possible addition*;! costs under the land -e'tlcment plan if the re larna t'.on p.-oje-cts therein authorized should be carried through. It is is timatcJ tha' about $100,000,000 p r annum would be required after 1928 If then reclamation projects shoilJ be p teased. Powlhlr ( nit of mil. In order that the committee may have full information as to the pos sible cost of the hill to 'he Govern ment tiierc Is also Inclosed ? table, designated Exhibit 3, which Indi cate* the to'al cost of each of the plans In tase all of the veterans should .-boose one plan, out makes no at'?-mp? to estimate what plans the veterans: would choose. It appears from this table tha! if all fie veterans should choose the certificate plan the total ?*nec value of the certificates would amount to over $4.500,00#,OW. distribute i over twenty year#, and that If all 'he veterans should choose the farm nnd home aid plan the total cost would amount to ?2.093.000.<K>0 with in the next two or three yearr. There Is attached a further table, designated Kxhibit KU. which cives in further detail the e-tlmates as to the maximum tost each year to the Government und?r each of the op tional olans. with no allowance, however, for clrect borrow mg from the Government under the certifi cate plan. These tallies show one thing clear ly. namely, that no one can even ap proximately estimate the direct cash cost of the proposed nil to 'I1" <,ov. ernment for the next few years. ..nd that by January 1. i?26. it will prob ably cost over $1,200,000,000. un-l may cost very mu.h more if enough veterans should elect to take farm and home aid. ?n*t Merlons Fes Hire. Apart from the direct cost of the hill a most serious feature l? 'he provision for bank loans upon ad justed service certificates durlntthe period between It* passage and Sep tember no. 1925. The effect of this provision is to transfer the rost of policy loans from the Government to thr banks and to place In the banks, to the ex+ent that the ex-service rr.en are able to obtain loans from them, a mam of unllqtilA non-nego tiable paper, upon which the banks (.OBlioued ou Psie Too. VEILED COWARDICE Secretary Declares Di rect Loan Would Be Far Preferable in Interest of Country. REPLIES TO FORDXEY Certificates Would Fre< Bank Resources and In Hate Currency. ! COST OF RAID INDICA1 Miurlit Compel Governmfn Baisp at Lenst $1.200,0< 000 by January 1, 1D2 lly MM IS SRIROI.I). Special Dispctrl to Tur Nbw York ITr*vt? Now York Fir raid Bureau, ) TVasliincton. 1>. March 12. f i Confusion worse confounded is ex pected when the House Ways and Means Committee meets to-morro\c to report the certificate loan bonus raid on the public Treasury and busi ness of the country. Confronting those committeemen who still assert that they will "Jam' ! the objectionable measure through the House of Representatives will be this statement from Secretary of th?; Treasury Mellon: There is no way by which the American taxpayer can avoid the burden, nnd If the bonus is to be imposed it ia far better for all con cerned that it be placed upon a di rect and definite basiR and paid for each year out of current revenue. To do this at the present time will necessarily mean the imposition of additional taxes for the purpose. > The conclusions of the Treasury Secretary, which bonus member* of Congress pay will fail to prevent tit* raid staged for political purposes, aro I contained in a letter addressed by him to Chairman Fordney of the Ways and Means Committee. It fs fn reply to a Ways and Means Commit tee request for the comment of the Treasury Department on the pending bill to provide for a soldiers' bonus. This is the insurance certificate loan measure framed by the Republican members of the Ways and Mean? ; Committee introduced in the lower house and referred back to the com mittee for report. "?(?Tiny I'lxhl PrulU'ted. A'ta 0:1 every side by the expert analysis and the conclusions of Sc reti ry Mellon, which will be befoi>? the committee to-morrow, membei of t'ir House predict a stormy battle over the effort ("bairman Ford 11 ey will make to impose the most stu pendous raid on the finances of the country over staged in Congress. Opponents of the raid undoubtedly will support the position of the Sec retary. They predict that the volume of objections to the whole bontr* scheme, already assuming startlin.' and surprising proportions, will con; pel abandonment of the insurance certificate loan plan, the substitution I of the seles tax or postponement oC nil legislation relating to the bonus The declaration of Senators 1 Representatives who have heeded i avalanche of protests from all 'tlons of the country against bonus that the certificate schcnv "the worst ever devised" is subs tiated by the letter of Secre Mellon. In logical and Incisive terms Secretary point" out with convincing ? lar'ty the defects of it. He decline to estimate the direct cost to tin Government of the bonus scheme "be < ausc of the uncertainty as to whkh of the plans *111 be chosen and in what proportion." Drtirl* Wp f'nnmrmtril, The S*- rotary calls attention to 11? fa< t that the insurance Hanse of th bii' carries no appropriations and tbi 'no money* could paid under :t ' the Treasury unless further legisla tion should nvikc an a-tunl appropt; atkm." for the further reason thn: "the bill makes 110 provision whatcv for ralxina additional revenue to mee' the cost 01" t,i? l*>nus to tti?" Oovern ment" an 1 "for sinking fund, amor tization or other reserves against th ? ltaballtv that would be thrown upoi. the Government." Another objection pointed out 1 v him Is that the bill fails to make pro vision for the payments which wou.il accrue In ordinnry course from yen to year on account of the dcn?U of veterans. Me says It i? impossible to ; estimate what proportion of the vet - . #r?na svlll >nv of the feature | .n the ' five way" plan. The Secretary accepts for the pur pose of calculntion the estimate ofyih committee that 70 pe:- cent. o( th#