The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-06-01
M'CUMBER BONUS
GOES TO SENATE
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coNr,NrIrp FROM PAGE oNr

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the Fordney bill. but will accept the
McCumber measure as the best
thing available.
The McCumber bill today, how.
ever. prescribed no methods OF
raising the money TO meet the cost
| Of the bill. a point which opponents
| considered highly significant.
Explains Democratic Vote.
Senator Simmons of North Caro-
lima. democrat, declared the demo-
ure merely to get the bonus ques-
ton before the senate"
The McCumber BILL" said Sim
mons. will serve as basis, we
hope. for n bonus measure which
will properly take care of the SOL
der"
Senator McCumber urged the tar
| III be laid aside until the bill was
passed. Opposed to this step we're
Senators Lodge, Curtis. Watson and
other republican leaders who insist
upon the tariff being disposed OF
first.
Senator Smoot served notice he
would offer his bill as a substitute
for the McCumber measure in the
senate and would demand vote
upon II.
Details OF New Bill.
| The committee before approving
the McCumber plan eliminated the
forfeiture provisions as contained in
the house measure under which vet
Grams falling to pay loans to banks
or to the government would have
forfeited their adjusted service GER
tificates. In such cases the eecre-
tary OF the treasury would restore
| the certificates to the veteran in
| whose name IL was issued at any
time prior TO it's maturity upon re.
ceipt from him OF the amount paid
by the government to the bank plus
interest at the rate OF Az per cent
compound annually. Under another
amendment approved by the com.
pensation at any time after the pas.
sage OF the house. The house
measure would have limited the
time to July 1. 1923.
The senate bill as presented would
provide for the payment of cash &c
veterans. whose adjusted service
credited would not exceed $50 a,
proposed in the house measure and
would give to other vetera MS, one oi
these four options:
Service Certificates.
Adjusted service certificates hav.
Ing a face value OF 3,o15 times tn,
amount OF the adjusted credit com.
puted at the rate OF 81 n day fol
| domestic service and SI.25 fol
foreign service with provisions fol
loans by banks prior to January /
1926. and by the government there
after. These certificates would ma
ture in 20 years from date of issu,
or sooner upon the death OF th'
veteran.
Farm or home aid in an amour
equal to the following percentage
OF a veterans adjusted servic,
credit; 100 per cent IL payment wer
made during 1923; los per cent 1
payment were made in 1924: 10 pc
cent In 1925; 120 per cent in 1926
130 per cent in 1927 and 14o pc
cent In 1928 or thereafter. Unde
the house bill, the amount pail
under option would have been tn
total of the adjusted service credi
increased by rs per cent.
Vocational training aid at the rat
Of $1.75 day. but the total not I
, exceed 140 per cent OF the amour
OF the adjusted service credit OF tn
veteran.
Land settlement.
Upon the opening OF public O
: Indian lands to entry veterans woul
be given preference in their settle
ment for a period OF not less tha
go days and then would be allowe
by the government for payment o
I such lands or improvements thereto
= an amount equal to the adjustc
service credit increased by 25 pc
cent. This provision is in lieu O
the reclamation project proposed 4
. the house bill.
Under the bank loan section Q
the bill prior to January /. 1926, an
national bank or any bank or trus
company incorporated under tn
| lauR nf etaia farritnrX NOS