The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1922-02-11

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! ''Yank' who got into the wa early
and stayed late the soldier bonus bill.
which now seems certain to pass the
! senate speedily, would mean a sum
1 sufficient to set him UP in business
| in a small way and to secure his fu-
I ture independence If he invests it ju-
/ dic.ously.
If he served overseas the full period
! of war he could draw a maximum, in
cash. of $95S-25. If he served at home
/ he could draw a maximum of S755.
1 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
would get s1-25 a day less the $50
bonus already paid, and if he served
at home he would 81 day less the
same $50.
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
uses IL to pay his way thru school
Five different plans of compensa-
ton are provided. The four, in add
ton to the cash plan. are the ''ad-
iusted service certificate or paid-up
endowment insurance plan; the ''vo-
cational training aid plan. the farm
or home aid plan and the land set
tlerAent aid plan.
Insurance Plan Explained
The adjusted service certificate
or insurance plan, is in the nature of
tWenty-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 4 Z per cent
interest
That means if he served overseas
the maximum period Of the war he
would draw at the end OF the twenty
years S1.34225 in cash, plus 4 ~ 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 serv-
ice pay at 4 = per cent interest. As
the certificate grew colder" he would
be enabled to borrow continually in
creasing amounts.
Vocational Training Optional.
If the veteran chose the vocational
training plan he would also receive
140 per cent Of what he would ordi
narily receive in cash He would re-
ceive this monthly at the rate Of s1.T5
day for the period of training. As
in the insurance plan this would mean
the overseas man could receive a. max
imum of s1.342.25 and the home. serv-
ice 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 if
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 st.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. He would be permitted
to file on such lands as early as sixty
days prior to their opening for gen.
eraI public entry. In addition, under
this plan, the veteran would be en-
titled to his adjusted compensation
plus 40 per cent but would have to
apply it entirely in making payments
in connection with the lands" on
which he has made entry.
Majority Not Get Maximum
OF course, the majority Of former
service men would not receive the
maximum amount due for either home
or overseas service. The latter group
would include soldiers and sailors who
were on foreign service at the out
break OF the war. mostly regulars
The full period" home service men
would be very considerab bic and would
include. in addition to the regular
army and navy men who were in the
service at the time the war broke out
many national guardsmen who had
not yet been mustered out after Mex
lean border duty and many who
Jumped into the game when It
seemed that war was imminent
However. even the veteran who
served only one year or six months
would receive amounts OF tidy pro-
portions.
II he served one year overseas he
could draw s396.25 cash or s554.T4
on any of the other four plans. If
he served one year at home he could
draw $S05 in cash or $42z on one OF
the other four plans.
If he served six months overseas
he could draw s1T5 cash or SEAS on
any Of the other four plans. If he
served six months at home he could
draw sf2S in cash or s1zs.20 on one
Of the other four plans.