The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1922-03-08

pension OF rules day. A two-thirdS vote
is necessary to pass measure under
the suspension Of rules plan but
Chairman Fordney Of the house ways
and means committee Is confident that
he can rally the needed number.
Washington, March S-Following
the introduction of the compromise
soldier bonus bill in the house yester-
day, Chairman Fordney of the ways
and means committee said that the bill
would not be taken up before Monday
and possibly not then.
There was some speculation in the
House lobbes and corridors as to
whether President Harding's views OF
the compromise plan and also as to
whether he would find occasion 10 ex-
press those views before the House
voted.
Some of the majority members OF
the committee believe that since the
new plan defers for three years any
large drain on the federal treasury the
President will not object to II. They
say the compromise will enable needy
veterans to obtain cash without the
necessity of imposing additional taxes
on the general public.
Aside from the substitution of the
bank loan provision for the cash pay
ment plan, the bill as introduced is
very similar to that previously pass
ed by the House. The only immediate
cash payments proposed are to vet
erans whose adjusted service pay
would not exceed $50 Other vet
erans could select one OF these four
options:
Adjusted service certificate, combIn
ing loan and insurance plan; yoca-
tional training; farm and home aid;
land settlement
The ultimate cost Of the bonus TO
the government, 1t was said would
depend on the number of men Sc.
lecting each OF the options 1t was
estimated that the immediate cash
payment to those entitled to not more
than $50 each would be around $l6.-
900, 900. The final cost might range
all the way from S1,OO0,OOO,OO0 to s4,-
! 750,000,000 the maximum figures be.
| ing predicted upon all Of the veterans
selecting certificates and holding them
until maturity or until their death.
The adjusted service certificate
would be dated Oct. & 1927, would
mature in 2 years, or at the death OF
the veteran, and in either case would
have a face value equal to the sum OF
adjusted service credit of the veteran
increased by % per cent. plus pei
cent interest thereon for 20 years al
the rate of Az per cent. compounded
annually. The total amount would be
approximately equal to S.)15 time:
the adjusted service credit of the vet
eran."
This credit would be figured on the
basis of $l25 for each day OF overseas
service and 81 per day for each day o.
home service, but in no event coult
the credit exceed $500 in the case o
a veteran who performed no oversea'
service and S625 in the case Of veter
an who served overseas,
Veterans electing to take the vo
cational training aid option would b'
paid $1.75 for each day of attendanc,
on or after January l, 1928, on I
course of vocational training prev.
ously approved by the director of tn,
veterans bureau. The total paymen
under this plan, however, could no
exceed lao per cent, of the amour
of the adjusted credit.
Under the farm and home aid sectio
veterans would be paid in lump sun
or installments an amount equal {
, the adjusted service credit increases
by 40 per cent. upon satisfactory as
surance that the money would be use
, in purchasing or making payments o
home or farm or improving a hom
, or farm,
This section of the bill is unchange
:. as is that providing for land settle
: ment Under the land settlement It'll
= there would be created a national We
: erans settlement board which woul
: establish veterans projects for tn
? reclamation and drainage or othe
7 method of development or improve
ment. Establishment Of the project
would be carried out in cooperate
with the states and veterans would b
given preference in employment o
such work.
n In each project the board would e
r tablish farm units for the support {
a family and farm workers units suf
:. cient for part-time cultivation by
r farm workers family. Each vetera
G employed on a project would be allo
IS ted a farm unit upon which he cou
n construct a dwelling and other II
u proyements From the price of Il
! land so allotted would be deductt
l. Tho or,aupt ~ tln ,tat oenp,f "a "a tuats