The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1921-07-14
American
- LS9fi41ee,.

St. Paul, July 9-"The American
Legion is exerting every ounce of its
energy to prevent the postponement
of action on the federal adjusted
compensation bill. 1t is working to
secure passage of the bill at the pre-
cent session of Congress" declared
State Commander A. H. Vernon, who
passed through st. Paul last night on
his way home to Little Falls from a
speaking trip in South Dakota in the
interests of the American Legion Ma
tional Speakers Bureau.
"The American Legion adjusted
compensation bill has the practically
unanimous support of the ex-serv1ce
men and women of the country. 1t
has, feel, the support of the great
majority of the American people who
have considered the matter without
prejudice or bias. It was unanimous
ly endorsed by both bodies of the
Minnesota Legislature at the recent
session. 1t passed the National Housed
of representatives by a large major
ity. 1t has twice been approved by
the Finance Committee of the United
States Senate. It has been endorsed
by the legislatures of many states in
addition to our own.
"The United States Chamber of
Commerce is reported to be heading
the fight on the bill, but l am glad to
be able to say that practically every
commercial association in Minnesota
to which the bill has been explained,
has endorsed it.
Secretary Melons figures are
grossly misleading. The estimate OF
Secretary Houston who issued the
same sort of statement, showed that
if all ex-service persons took the cash
bonus, the total cost would be $1,342,-
100000, and no other option in the
bill provides for. an increase OF more
than forty per cent, or total cost, II
all took the most expensive option OF
ST, S78, 100000. The only way that
the larger figure can be arrived at is
by figuring compound interest on the
amounts VI cillSC Vel Nli>dcCo
payable many years, in the future.
eff one figures compound interest
on the face value of the outstanding
bonds of a municipality or corpora
ton from now until due, he is stag
gered if he accepts the total as the
Indebtedness of his city or corpora
ton. Neither bankers nor corpora
tions figure that way. Such pre-
sentation Of the matter seems to be
unfairly misleading and can only be
calculated to freighten the country
into the reputation of it's obligation
to ex-service persons, by conveying
the impression that the bill will en-
tail the immediate appropriation Of
billions of dollars and would serious
ly cripple the financial condition of
the treasury. 81
"The findings of the Ways and
Means Committee of the Senate
headed by Senator Smoot are exactly
the opposite, and state that means
can be, found for the payment of adj
justed compensation, and say that the
appropriations to carry it into effect
would not be burdensome. Some of
the ablest men in congress are those
on the Ways and Means committees
and their --;~-- = entitled to the ~
most consideration.
cit is incomprehensible to ex-ser-
vice men how it will ruin the country
to spend in series of years in the
adjustment of the compensation of it's
defenders, sum less than the cost
of carrying on the war for a single
month, and only two thirds of the