The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1922-05-31
BILL WILL BE
REPORTED OUT
TO j. s, SENATE
Senator Mclean Breaks Tie Ex.
listing Among Republican Sen
atOrs on the Measure
THE BILL WILL BE PUSHED
Chairman of Finance Committee
e Says That He Will Seek
Early Consideration
THE BILL WILL BE PUSHED

Washington, May 3l-The com.
monty known McCumber soldier
bonus plan was ordered favorably
reported today by the senate fl
nance committee. The vote was 9
to 4.
The effective date of the bill
was changed, however, from next
October to January l, 1923, aft
er Senator Walsh, Democrat,
Massachusetts, told the majority
that it would take six months to
get the bonus machinery in op-
Grafton.
The Smoot plan providing for paid
up life insurance in lieu Of all other
forms OF compensation was defeated
by vote of 8 to 5.
Senator Mclean broke the tie which
has existed among the Republican
members on the vote to report the
McCumber plan which is the house
Dill with some amendments. including
elimination of the land settlement or
reclamation project. Senators said re-
clamatlon was not discussed although
house leaders and some supporters of
reclamation have urged that the
Smith -McNary reclamation bill or
some similar legislation be attached
to the bonus measure.
Oppose Laying Tariff Aside
Several of the majority members
Of the committee gave notice that
they would oppose laying aside the
tariff bill for senate consideration of
the bonus in the near future. Chair
man McCumber replied he intended to
get as prompt consideration on. the
bonus bill as could be worked out. &,
1t was reported that the Repub.
ilcan leaders hoped to work out some
plan by which the bonus measure
could pc expedited without delaying
the tariff bill. 30
Forfeiture Provision Out
Senator Simons, ranking Democrat
&c member, announced on behalf of
the three Democratic members pres
ent that they voted for the McCumber
plan to get action promptly and not
because they favored it.
The committee before approving the
McCumber plan eliminated the for
1elture provision as contained in the
mouse measure under which veterans
failing to pay loans to bank or to The
government would have forfeited their
adjusted service certificates.
What Bill Provides
The senate bill as reported would
provide for the payment of cash
whose adjusted service credit would
not exceed $50, as proposed in the
house measure and woud give to 9th.
er veterans four options including:
Adjusted service certificates with
face value Of 3.015 times the amount
OF the adjusted service credits com.
puted at the rate of 81 per day for do.
mestic Service and $1o5 fr foreign
service with provisions for bank
loans prior to January 1, 1926, and
by the government thereafter.
The certificates would mature in
70 years from the date of issue. or
sooner upon the death OF the veteran.
Vocational training aid at the rate
OF $1.75 per day. but the total not to
exceed 14O per cent Of the amount
of the adjusted service credit of the
veteran.
Land settlement: Jpn the opening
OF public or Indian lands to entry
veterans would be given preference
in their settlement for period Of not
less than 60 days and then would be
allowed by the government for pay.
ment on such lands or improvements
thereto an amount equal to the ad.
justed service credit with addition OF
25 per cent. This provision is in lieu
of the reclamation provision in the
bill.
Farm or home aid in an amount
equal to the following percentages Of
veterans adjusted service credit
100 per cent if payment We're made
during 1928, 105 per cent If payment
were made in 1924. 10 per cent in
1925; 12O in 1926. 130 in 1927 and 14(
per cent in 1928 or thereafter. Un
der the house bill the amount paid
under option would have been the to-
total of the adjusted service credi,
| T..