Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1922-02-17
., THE SOLDIER BONUS
Details Of Bill Now Practically Ger
~ tain Of Passage. -.
MANY Will GET LARGE sums
Maximum of 1888 for Full Period Ser
vice overseas-Those In Longest Of
Course Get Most.
By J. Bart Campbell.

| = By j. Bart Campbell.
Washington, Feb. Ito the "Yank'
| who got into the war early and stayed
late the soldier bonus bill, which now
seems certain to pass the senate
speedily, would mean sum sufficient
to set him up in business. in a small
way and to secure his future inde-
pendence If he invests it judiciously.
II he served overseas the full period
of war he. could draw maximum in
cash of $95S.25. If he served at home
| he could draw a maximum of $755.
This is figured on the full period from
April 6, 1917, to June 80, 1919, in
elusive, the maximum period for
which a soldier will be able to draw
adjusted compensation If the bill is
passed. If he served overseas he
woulp get $1.25 day less than the $50
bonus already paid, and If he served
at home he would get 81 a day less the
same $50. .,..l -.
But there are features to the pro-
posed bill by which he could draw
nearly half as much more if he doesn't
take it in cash. He could even get this
additional amount in cash if he used
1t to pay his way through school.
Five different plans of compensa-
tion are provided The four, in ad-
dition to tho cash plan, are the "ad-
justed service certificate" or paid-up
endowment insurance plan; the "vo-
cational training aid" plan, the farm
or home aid" plan and the 'land set
tlemcnt aid' plan.
Insurance Plan is Explained.
1.-THE adjusted service certificate" !"
or insurance plan, is in the nature Of
q 'twenty-year insurance policy. At
the end of twenty years the veteran
what he would receive IL he took a
cash payment at once, plus 1-2 per
cent. interest.
That means that if he served overseas
the maximum period of the war he
would draw at the end of twenty years
S1,342.25 in cash, plus 4 IL per cent.
compounded semi-annually.
If he served at home for the maxi
mum period he would draw s1,057 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
tificate he could get in the third year,
80 per cent Of his adjusted service
pay at 1-2 per cent interest. AS the
certificate grew "older" he would be
enabled to borrow continually increas-
ing AMOUNTS. "
Vocational Training is Optional.
If the veteran chose the vocational
training plan he would also receive 14O
per cent. of what he would ordinarily
receive in cash. He would receive
this monthly at the rate of $1.75 a
! day for the period of training. AS in
the insurance plan this would mean
the overseas man could receive a max
imum of $1,342.25 and the home SER
vice man could get a maximum of ST.
057.
The farm or home aid plan. would
authorize the veteran to receive from
the government the adjusted service
pay plus an additional 40 per cent II
he applied the money toward the pur-
chase of a farm or 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 vet
| Grams.
'The land settlement aid" plan
would give the veteran the preference
right to take lands on the opening OF
public or Indian lands or of reclama-
ton projects. lie would be permitted