Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1922-02-15
Wednesday, February Is.
Bonus Would Give Ex-Soldiers
Start.

WaSnlngLoH lev
aYank" who got into the war early
and stayed late, the soldier bonus DILL
which now seems certain to pass the
senate speedily, would mean a sum
sufficient to set him up in business
in a small way and to secure his fu-
ture independence if he invests 1t Ju-
d~iciously.
If he served overseas the full
period of war he could draw a maxi
mum, in cash, of S95S.25. If ne served
!. at home he could draw a maximum OF
S755. This is figured on the full pc
riod from April 6, 1917 to June 81,
1910, inclusive, the maximum period
for which a soldier will be able to
draw adjusted compensation of the
bill is passed. If he served overseas
he would get $1.25 a day less the $50
bonus already paid, and if he served
at home he would get 81 a day less
the same $50.
But there are features to the pro-
posed bill by which he could draw
nearly half of much more If ne
doesn't take it in cash. He could even
get his additional amount in cash If
he uses it to pay his way through
school.
Five different plans, for compensa-
ton are provided, The four, in addi=
ton to the cash plan are the adjust
ed service certificate" or paid-up en-
dowment insurance plan; the ''voca-
tional training aid" plan, the farm
or home aid" plan and the Gland set
Element aid" plan.
Insurance Plan is Explained.
The adjusted service certificate"
or insurance plan, is Che nature of a
t~wenty-year insurance policy. At the
end of twenty years the veteran
would receive in cash 140 per cent Of
what he would receive if he took a
cash payment at once, plus the q IL
per cent interest.
That means if he served overseas
the maximum period of the war he
would get at the end of the twenty
years S1,342.25 in cash, plus a 1-2
per cent compounded and semi-an-
nuauy.
If he served at home for the max
imum period he would draw S1,O57
plus the same interest.
If he died before twenty years
his estate would receive the full
amount that would be due, ordinarily,
at the end of twenty years.
If he wished to borrow on this GER
tiicate he could get, in the third
year 80 per cent of his adjusted ser
vice pay at q 1-2 per cent interest.
As the certificate grew colder" he
would be enabled to borrow cortin-
ually, increasing amounts.
Vocational Training is Optional.
If the veteran chose the vocation
al training plan he would also receive
1AO per cent of what he would ordi-
narily receive in cash. He would re-
Geive this monthly at the rate of $1.75
a day fer the period of training. As
in the insurance plan this would mean
the overseas man could receive a
maximum of $1,342.25 and the home
service man could get a maximum of
$1,07.
The ''farm or home aid plan"
would authorize the veteran to re-
ceive from the government the adj
justed service pay plus an additional
40 per cent if he applied the money
toward the purchase of a farm o.
home. AS in the insurance and the
training plans, the maximum amounts
would be s1,342.25 and S1,057 for
the two classes of veterans.
The Gland settlement aid" plan
would give the veteran the prefer
ence right to take lands on tae open
ing of public or Indian lands OF of
reclamation projects. He would be
permitted to file on such lands as
early as sixty days prior to their OPP
ening for general public entry. In ad-
dition under this plan, the veteran
would be entitled to his adjusted COM
~pensation plus 40 per cent, but would
have to apply it entirely in making
payments "in connection with the
lands" on which he has mace entry.
Majority Will Not Get Maximum.
Of course, the majority of former
- NM Tro,,1d not raca:yo +be