Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-03-08
COMMITTEE AGREES
ON COMPROMISE BILL
FOR SOLDIER BONUS
CONTINUED from Page one.)

forfeited. Had he borrowed an
amount less than the maximum
authorized by the bill. would be
! paid so per cent of the difference
| between that maximum and the
amount actually borrowed. In the
case of the death of the veteran
before the loan was paid, his bene-
ficiary or his estate would be paid
the face value of the certificate
less the amount due on the loan.
Application for government loans
might be made at any postoffice|
of a first second or third class, but
loans would have to be approved
by the secretary of the treasury.
| 1t would be provided that no
certificate issued or right con-
ferred under the adjusted service
certificate title could. except for
the purpose of securing a loan
from an authorized bank or from
the government, be negotiable or
assignable or serve as security for
loan.
ANY negotiation, assignment or
loan made in violation of any pro-
vision of this section shall be held
void" says the bill.
If the veteran should die after
making application for any one of
the optional plans or for the cash
and before the coming into force of
the bill on October /, 1922. the
government would pay to his estate
the amount of the adjusted service
credit.
Veterans electing to take the vo-
cational training aid option would
be paid $1.T5 for each day of at
tendance on or after January !,
1928, on n course of vocational
training previously approved by
the director of the veterans bu-
reau. The total payment under this
plan, however, could not exceed 14O
per cent Of the amount of the ad-
justed service credit.
Under the farm and home aid
section, veterans would be paid, in
lump sum or installments, an
amount equal to the adjusted serv-
ice credit increased by 40 per cent
upon satisfactory assurance that |
the money would be used in pur-
chasing or making payments on a |
home or farm or improving a home |
or farm.
This section of the bill is un
changed as is that providing for
land settlement. Under the land !
settlement title, there would be |
created a national veterans set |
tlement board" which would estab-
lish veteran settlement projects for |
the reclamation and settlement of |
lands by means of irrigation, drain
age or other method Of develop |
ment or improvement. Establish
ment Of the projects would be car
ried out In cooperation with the |
states and veterans would be given |
preference in employment on such |
work.
In each project the board would !
establish farm units large enough |
for the support of o family and
farm workers units sufficient for
part time cultivation by a farm |
workers family. Each veteran en-
ployed on a project would be al |
lowed to select and would be allot- |
ted a farm unit upon which he |
could construct dwelling and
other improvements From the |
price Of the land SO allotted would |
be deducted the amount of the vet
eran's adjusted service credit. The |
remainder would be paid upon an
amortization plan with q fixed |
OF installments to cover the |
amount due. plus interest at five |
per cent over q period of twenty
five years or less.
The settlement board would con-
sist of the secretary of the interior
~ - annnfntn1 |
by the president, subject to con-
firmation by the senate. The four
would receive salaries OF
$500 each and one would be ap-
pointed for two years, one 'fSr three
years, one for four years End one
for five years. Subsequently ap'
pointments would be made for five
years. In the original bill this pro-
vision required that at least three
Of the appointed members be vete-
rams, but that section was stricken
out.
Those entitled to bonus would
under the terms of the bill, include
"any individual, member of the
or naval forces of the
United States at any time after
April 5, 1917, and before November
IL, 1918; but does not include D |
any individual at any time during
such period or thereafter separated
from such forces under other than
honorable conditions. % any con.
scientious DIRECTORS who perform
ed no military duty whatever or
refused to wear the uniform, or
go any alien at any time during