The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-31
Measure Providing -Four
Billions Now Goes to
Conference. T.
Washington, Aug. 31.-The
fsur billion dollar soldiers
bolus bill was passed today by
the senate, and now goes to
conference.
The vote was AZ to q, with
party lines wiped out.
The roll call follows:
For the bonus:

| lQS lOil NAAA ASAASVo"
For the bonus:
Republicans - Brandegee, Bur-
sum, Cameron, Capper, Colt. Cum
Minis, Curtis. Gooding, Hale, Jones
lot Washington), Kellogg. LaFol-
lette. Lenroot, Lodge. Mccormick.
McCumber. Mclean, McNary,
Nicholson, Oddie. Rawson, Short
ridge, Stanfield, Sutherland, Town
send. Watson (of lpdiana) and
WilliS--27.
Observation-Disclosures, Broussard,
Culberson, Fletcher, Gerry, Heflin,
Hitchcock, Kendrick, McKellar,
Pittman, Pomerene, Ransdell, Reed
lof Missouri), Robinson, Sheppard,
Simmons, Smith, Trammell, Walsh
tof Massachusetts), and Walsh (of
Montana 20.
Total AZ.
Against the bonus:
Republicans-Ball, Borah, Calder.
Dillingham;, Edge, France, Freling-
huysen, Keyes. Nelson. New,
Phipps, Reed (of Pennsylvania
Smoot, Sterling and Wadsworth
lis.
Democrats-Dial, Glass, Myers,
Shields, Swanson, Underwood and
Williams.
Total %.
Washington. Aug. 31.-As amend
ed by the .senate.-tha Haldiers. bcns
rs bill would become effective
January l, 1923, and would provide
three optional plans for veterans of
the World war other than those
whose adjusted service pay would
not exceed $50. These would be
paid in cash. ...-..
The options are:
Adjusted service certificates, pay
able in 20 years or sooner at death
and containing loan provisions.
Vocational training aid at the
rate of $1.75 a day up to total of
l4O percent of the adjusted service
credit.
Aid in purchasing a farmer home,
the total amount to range from 100
percent of the adjusted service
credit if the money were advanced
in 1923, to 40 percent Of the ad-
justed service credit il the pay
ment were made in 1928 or there
after.
Adjusted service pay, or adjusted
service credit, would be figured on
the basis Of 81 a day for domestic
service and $1.25 a day for foreign
service, less than $50 paid at dis
charge. But in no event could the
amount of the credit of the veteran
who performed no overseas service
exceed $500 and the amount of the
credit of the veteran who perform
Cd any overseas service exceed
ss25.
Adjusted service certificates
would have a face value equal to
Inc sum Of the adjusted service
credit Of the veteran increased by
. percent, plus interest thereon
ior 20 years at the rate of ~ per-
cent year, compounded annually.
Until Jan. 7, 1926, any national
oank, or any bank or trust COM
psny incorporated under the laws
od any state, territory, possession.
o. the District Of Columbia, would
oe authorized to loan to any vet
eran on his promisory note, Sc
cured by his adjusted service GER
uncate, any amount not in excess
" ~ per cent Of the total Of
aolusted service credit, plus inter-
est thereon from the date Of the
0rtificate to the date of the loan,
!" tne rate Of ~ per cent year.
Interest Rate.
The rate of interest charged the
veteran by the bank could mot ex-
yea by more than two per cent a
yar the rate charged at the date
u the loan for the discount Of
numerical paper by the federal
.oerve bank for the federal re-
~rse district in which the bank
Nas located. >
u the veteran died before the
Sslarlty Of the loan the govern
Isn' would pay to the bank the
ncipal and interest and to the
saenciary named by. or to the
ste OF the veteran the face value
me certificate, less the amount
eid to the bank.
after Jan. l. 1926, veterans