The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1922-03-09
F Il N B I R c

adopted method financing veterans
ala programs. the Bank Of America
survey shows, although some states
have taken -va-ious means 70 AVOID
increasing theiF Indebtedness for any
long term. Bonds certificates and
notes have Teen issued by the fol on.
NJ states 10 Pay cash bonuses g
Ntte4ans. Maine 100000 bonds.
Massat Iusetts. S32 100000 bonds and
notes; Michigan S3o00000O bondl
and notes Minnesota, 500 905010
certificates CS2l, 100000 provided for;l
New Hampshire. $l50000O bonds
New le sey, $i20o0.0O bonds; Ohio.
S25 10000 bends Rhode Island 81
100000 bonds. South Dakota, $4,000,
600 bonds Vermont S1,500.0OO bonds;
Washington. Sll,000010 bonds (Sl2,
100000 provided forl o egon VII
soon be paying bonuses out o. bond
issue which W \ amount 70 per cen
of the assessed vamat en- OF all prop
erty IN the State. about 100000 600
Missouri lis soon t1 issue bonds 10 the
sum OF $4,000 600 to pay its veterans
boru5us Ohio, with $25.0Q0000 bonds
is the only state actually paying
bonuses which was not doing so last
August when the Bank Of America
completed It's first survey on the sub
ieCt
Bib bond ssues .or bonuses ami
other aid have been given leg atfye
approval in the following states but
they await referendum elections.
Calif)gnla. $10,00O,0O0 Illinois, S55..
700 0o0; Iowa, S22,0000O0; Kansas,
$4,000 0O0; Montana $45O0QOl. aud
Pennsylvania. $4,000. GOO. Legislation
is pending N Florida, Kentucky and
Now York.
New York is the only tate IN
which a bond issue for the purpose OF
paying soldiers bonuses has been de.
clared II egal,
ShoTt-te m notes have been used
by MnssaC huSatts to finance its two
bcnu e5. For the larger o; these,
providing 500 outright In cash $780,
100000 was appropriated and the law
allowed the issuance Of notes for
short periods and reissuance to take
advantage OF interest rates Notes TO
the face tota! S3i,5O0.000 have
teen issued, 100000 only be NJ
outs'ard ng The first bonus was
paid ont of an appropriation Of 50,
739 20c,
Colorado which. has given its vet.
e-ana S200 for vocational education
has exhausted an appropriation of
5000 600. Connecticut has provided
for a $4,000 biennial apprcpriat on
Tor cash rel'ef as needed and also
rInd os So 100000 rom the sale of
bonds, which is invested in United
states bonds and the interest used %
provide food, clothing. etc, to vete".
ans and their dependents Nebraska
has invested 81 100000 to provide
care and re ief for needy from the in
terost $4,000 of the prime pal heinz
appropriated for immediate use
North Dakota, which IL paying h ell
e. bonuses than any other state 49,
per month OF service Is pay as Il
goes I'm financing the expenditure. \
direct tax is levied of / mill on each
dollar and the bonus is being pad as
quickly as the funds are available.
w sconsin set aside S20.000000 for
bonuses which have been nearly an
raid. The sums are being repaid by
the countries either from the prN.
cecds OF taxation or from bond IS.
sues. the latter method having been
chosen by about % of the countries.
Ten of the bond issues are serial
issues, rang'ng in maturity from one
to 10 years in Maine tn one g 81
wears N Rhode Island. The Iowa and
Ohio issues are one t. 20.year serl.
a s, while the Connecticut. Mlc'deap,
Montana, New Jersey and one OF the
Washington issues have 20.year ma