The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1923-12-29
SAYS CONGRESS
WILL PASS BONUS.
CONGRESSMAN GREEN AssuRES
AMERICAN LEGION OF PASSAGE.
ESTIMATES OF COST GIVEN
.Tr<
Overseas Veterans Get in Cash About
Same, as. LEFT on This sids"
But Fare Better Otherwise.

Washington-The merican Legion
has been assured by Chairman Green
of the, house ways and means COM
rnittee that the bonus bill wllla;be
considered along with the tax revision
measure. with the prospect that con-
gress will have an opportunity to vote
first on the bonus, thus mdl9A{lng
to the trainers of the tax bHksA0W
much revenue will be needed td pet
the payments to ex-serv1ce men,
Until the bonus bill is disosed OF
the total expenses of the governMent
for the next fiscal year can not be
accurately estimated. Nor can con-
gress determine how the income tax
shall be revised until it knows how
much money. has to be raised.
Passage of the bonus, by poth
houses is at the moment assured and
the American Legion is corlAdeA of
adoption over a presidential veto. In
the face of these facts, and also WITH
majority of the ways and means
committee itself favorable to the
bonus, the situation now turns on
what is the actual cost Of the bonus.
There have been varying estimates
and differences Of opinion, due largely
to the fact that there are. Sfiye .,sep-
arate methods Of payment and eacn
veteran is given the right to avail
himself Of any one, but only one, OF
the following plans
l. Adjusted service pay. This plan
is limited to veterans whose adjusted
service credit is not more than $50
| A veteran who has served 100 days
on this side of the Atlantic, being paid
at the rate of 81 day. wouEa have
| a credit of $780, but there would be
| subtracted from this the $50 paid
him when he was discharged, so that
| the cash outlay would be $40. Those
with longer service would not get
more than $50 in cash, so the total
! cash payment is known definitely 10
be in the neighborhood OF $l6,00O ,UOV-
Overseas veterans have higher cred
| it but the total cash is about the
same Popular impression seems to
be that the cash payments can not
60 higher than $16,000,000 but under
the bill introduced by Senator Curtis
of Kansas, which is the American
Legion measure, the cash payments
are limited
2. Adjusted service certificates.
This permits the veteranssto receive
paid-up insurance policy payable
at the end of 20 years. To include
veterans to- take this plan, a 20 per
cent increase in amount of his ad-
iusted service credit is given; that is
he is paid on the same basis as II
he had served one-fourth more than
he has actually been in service. An
interest payment of Az per cent, COM
pounded annually for 20 years, is also
included, and if the veteran dies be-
fore thes end of 20 years his family
or estate gets the full value of the
certificate.
8. Vocation training is given II the
expense of the government to an
amount equal to his adjusted service
credit plus 40 per cent at the rate of
S175 per day.
p, a. EARN or home aid iss given for
the purpose of enabling the veteran
to make improvements on. city or
suburban home or farm or to pur-
chase the same. An amount equal to
his adjusted Service credit plus 25
per cent is given to those choosing
this plan.
s. Land settlement is to be arrang-
ed whereby preference is given vet
Grams when pNbrFc sands or Indian
lands are opened u enify
The American legion estimates the
cost Sf the various plaps bs1ec On
me idea of Upper cent taking tho Ger
plan. z25s per cent taking the
farm, home and land settlement aiG
and 2H peg cent taking vooatloaAa
training as follows:
Certfficate'. plah, $S.364. 800 ,4s1
Farm, home and land settlement.
s412,425 600 es.'s
Vocational training, s52,325.000.
Cash SIG 6,000c00s.
Total, S3,S45 5,62e,4S1
This, of course, is. to. be spread
,ver a period. Of .4s years of which
;1.136,741 $40 woulG be. paid from now
o 1943 and So, 70S,917,S11 from 1943 to-
$685.
If all the ex-servfce mem took the
certificate plan the legion estimates
he totaLscost, w5aldsbe s4,4S6,145,97
+, all. took yocsronaG training, the
ests. would. be 81 249GAoo 900. If ell
oolx the. farm and home aid ard
and settlement pIansFhe cost wcuid
- -e1- o~yrnn 0nASs