The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-24
SENATE PASSES
INSURANCE BONUS
from PAGE Onel

Continued from Page One)
lican, and Dial, Glass, King, Swan
son and Underwood, democrats. The
roll call on the cash option follows:
For Cash Plan
Republicans: Borah. Brookhart,
Frazier, Ladd and Norris-6.
Democrats: Adams, Ashurst,. Brous-
sard, Caraway, Copeland. Dial, Dill,
Fletcher. George, Glass. Harris, Har-
rison, Helm, Jones New Mexico),
Kendrick, King, Mcclellan. Mayfield.
Nicely ,Oyerman, Owen, Pittman, Shep-
pard. Simmons, Stanley, Stephens,
Swanson, Trammell. Underwood, Walsh
(Montanal and Wheeler-31.
Farmer-Labor: johnson Mime
sota)@1.
Total-s7.
Against Cash Plan
Republicans: Ball, Brandegee, Bur
sum, Cameron, Capper, Colt, Cummins,
Curtis, Dale, Edge, Elkins, Ernest,
Fernald. Fess, Goodin, Hale, Howell,
Jones Washington), Keyes, Lodge,
Mccormick, Mckinley, Mclean, Nc
Nary, Norbeck, Oddie, Pepper, Phipps,
Shortridge. Smoot, Spencer, Stanfield,
Sterling, Wadsworth, Warren and Will
lis-35.
Democrats: Bayard. Bruce, Ed
wards Ferris, Gerry. Ralston, Rains.
dell. Robinson, Shields, Smith and
Walsh Massachusetts,
Observation-Disclosures.
Totals. tt\
There is no difference between the
Senate and House on the main features
of the bill. Each has approved the ma jor
provisions, which are
Major Provisions
Cash payments to veterans whose ad.
justed compensation would not ex-
coed $50.
Twenty-year endowment insurance
policies based on adjusted service pay
at the rate of 81 a day for domestic
service and $1.25 day for overseas
service.
Provision is made in the insurance
feature under which the veteran, after
period of two years from the date
of the issue of his certificate, could OBJ
tain loans from banks up to 80 per
cent of the current cash value of the
certificate.
The Amendments
The more important amendments as
written into the House bill by the Sen
ate were:
That cash payments be made avail
able Immediately instead of after nine
months from the date of the enactment
of the measure.
That the insurance certificates would
issue after July ], 1926, instead of
after January 1, 1925.
That veterans should be relieved of
paying compound interest to the treas
ury upon redemption of certificates
which had been allowed to lapse as Sc
curity for bank loans.
Placing entire control of the admin
istration of the act under the direction
of the veterans bureau instead Of under
the Secretary of War and Secretary of
the Navy: =
Eliminating employees Of the public
health service from the benefits of the
bill.
Making the legislation applicable to
naval yeoman, female marines. the Phil
ippine scouts and the Porto Rico regi-
ment of infantry.
Chance To Amend
Senator Walsh, democrat, Massachu-
sets, author of the amendment to defer
for six months the time of issuing the
certificates, explained privately that the
purpose was to hold up the certificates
until the newly elected Congress might
have opportunity to amend the measure
to include the cash option.
Eight hours of Oratory and voting
on amendments preceded final passage
of the bill Senators Underwood of Ala
hama and Glass of Virginia. democrats.
led the opposition today to any kind OF
bonus legislation. Senator Underwood
spoke for an hour, characterizing the in
suraDce proposition as a Sham and a
fraud and urging that the Senate give
attention to tax reduction rather than
to bonus legislation. He said in part:
You dishonor these protectors oil
our nation by offering them dirty dol
lars Mr.. Underwood said, ''or by
proposing to give them these insurance
policies.
The man who fought on the frs
line of battle will have to carry this
country in the next twenty years. You
very cunningly fixed this bonus so thai
it won't be paid for twenty years anC
propose that these men instead of yol
will have to pay it.
You're adding under this legisla
ton an enormous tax TO an already
heavy burden. The doctors disagree a:
to the cost of the bill One estimat t.
Says it will cost $1,000 100000. The
treasury actuary. Mr.. Mccoy. says il
will cost 6O0,OO0.O00. and the treas
ury is probably right"
"A price must be paid for evcrythin;
worth having. Senator underwood,
said. That is true of government
the most essential factor in civiliza
tion. You pay in loyalty, in servic,
as we'll as in taxes. The bond ever!
citizen is born under is carried in thai