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Show CURRENCY COMPTROLLEu ATTACKS BOIHS PLAH mm fop, BS LOAN TO VETS RAPPED Comptroller of Currency De- j clares lie Will Advise Against Lending FEARS FROZEN CREDIT Harding's Attitude on Compromise Com-promise Bonus Bill Is Being Debated W SH1NGT N. March 9. Comptroller Comp-troller of currency Crlssingjr announ-' announ-' . .-ii today that in the event of th 1 -i actment of soldiers' bonus legislation 1 providing for pavment by adjusted) service certificates ho would .advisoi national hanks to decline to accept thn cci titivates as security for loans. STRONGLY oimmim i Mr. Crlssinger described lhe propes-j propes-j rd plan of hsuuiK adjusted service cer, tlfloAteS for use Ivy the soldiers if de, ; sired OS collatera' for loans to eli;h; ', per cent of their face value as "'fh I worst kind of frozen credit " nd dc- I clared while he would be without authority au-thority to order national banks to re- 1 fuse to accept them as security, he would strongly advise against their acceptance. The certificates would be "non-negotiable paper." Mr. Crissinger explained, ex-plained, and loans upon them would load the hanks up for the three year term which they cover, with an un-movable un-movable mass of security. The certificates would be similar to real estate loans whlh are not redls-countaMe redls-countaMe at federal reserve banks, he saiJ. and "frr from '.he liquid security best for banks " s II HIDING'S ATTITUDE There was some discussion as to I President Harding s attitude with regard re-gard to the compromise bill. Representative Repre-sentative Mondell of Wyoming, the majority leader, said he did not think the statement made at the White H0U8S yesterday, that Mr Harding occupied oc-cupied the same position that he did w-hen he suggested a sales tax or nosl -pbnemcnt of the legislation, was to be taken to mean that the executive wa- ; prepared to veto ihe measure. j Representative Hawley of Oregon. la Republican member of th ways and means committee, said the presj-den presj-den had suggested a ninety-day delay In enactment of the legislation ns cir alternative for the sales tax. and that. In the Judgment of the mmmlttec this suggestion had been met by making October 1, 1922, the effective date of 1 the bill. 00 |