Evening star., 1924-04-23
SENATE NEAR VOTE
ON BONUS; PAYING
IN CASH ASSA|LED
Controversy Centers on
Copeland Amendment Pro-
viding Money Option.
DEBATE CUT TO SPEED
BALLOT ON MEASURE
Borah First to Register Objection
to Compensation in
Any Form.

Convening two hours earlier than
vote today on the soldier bonus bill
with each speaker limited to fifteen
minutes
The principal controversy centered
on the amendment for inclusion in
the bill of a cash option provision
offered by Senator Copeland. Demo
crat, New York.
members Of the finance committee, the
amendment was not submitted by
them, leaders said. because they
feared it's adoption would prevent
enactment of a bonus bill. Republi-
can leaders had said they would vote
to sustain a presidential veto if the
bill carried the cash option proposal
the insurance plan should be disap-
proved by the Executive.
The pending bill, reported to the
Senate by the finance committee sub
stantially as passed by the House,
erans not entitled to more than $50
in adjusted service compensation and
twenty-year endowment insurance
policies to others.
Calls for All Cash.
The Copeland amendment called for
a cash payment in full to veterans
preferring it to the insurance. Such
a proposal would require a larger
immediate outlay by the government
than the straight insurance propo-
sition, and the amendment provided
for issuance of $500, ,000, 900 bonds
under the second liberty loan act to
take care Of the payments.
Opposition to any bonus measure
made itself evident in the debate yes
terday fer the first time, Senator
Borah, Republican, Idaho. leading
the attack with a warning that lit
is time to take stock and turn the
corner"
Many Classics Barred.
The pending bill makes provision
for all enlisted men and women and
officers up to and including the rank
CT captain in the Army and Marin c
Corps and lieutenant IN the Navy
No civilian officer or employe of any
branch of the military service, how
ever, would be included in it's benefits
Io
of the United States Military Acad-
emy, midshipmen, cadets or cadet en-
gineers of the coast guard, members
of the Reserve Officers Training
Corps. members Of the Students Army
Training Corps Except an enlisted
man detailed thereto), or members
of the insuiar force of the Navy.
Numerous other minor exceptions
also are made.
Adjusted service credit under it's
&c ho for a
service and sl.25 day for overseas
service. with maximums of $500 and
$625 respectively. The first sixty days
of service are excluded from the COM
putation.
The paid-up twenty-year endowment
policies would be valued on the
amount Of adjusted service credit due
each veteran. To this amount. in COM
putting the policy's value. would be
added one-fourth. and the policy would
would purchase in regular insurance at
regular premiums, considering the rate
of interest at 4 per cent compounded
annually.
Loans on Policy Allowed.
Loans would be allowed on the
policies after two years from the date
of issuance up to 80 per cent of the
current cash value of the policy
Thus, on a 1000 policy. at the end OF
two years a loan of $87.93 could be
obtained: in five years, $155.52, ana IN
fifteen years, $58919.
In computing the adjusted service
pay, service between April 5, 1917,
and July 1, 1919, could be counted.
Enlistment must have been dated
however. before November II, 1918.
Overseas service means service on
shore in Europe or Asia, exclusive
of China, Japan and the Philippine
Islands: and service afoat. not on
receiving ships. Included in either
case l. the period from the date OF
embark alton for such service to the
date of Decentralization on return
both dates inclusive.
The cash payments allowed would
be available upon application nine
months after the date of enactment
The measure also provides that II
a veteran has died before making
application for adjusted service pay
and if the government has not paid
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