The Filer record. (Filer, Idaho) 1919-1930, 1924-01-24
What Adjusted
Compensation Is
Congress Explained TO Veterans
and Public.

In connection with the article re-
Gently printed in The Record giving
the arguments advanced by the
American Legion in favor OF the ad-
1usted compensation measure now
before congress, no mention was
made OF te provisions of the bill
Because OF the nationwide inter
est now centered In this matter, and
for the benefit OF ex-seryice men as
well as the general public. the fol-
lowing explanation OF what adjust
ed compensation" really is, is re-
printed from the current issue of
the American Legion Weekly;
Under the terms of the Adjusted
Compensation bill now before con
gress, every American World War
veteran up to and including the
grade OF captain In the army and
the marine corps and lieutenant Ia
the navy is entitled TO an adjusted
service credit of 1925 a day for
service overseas or afloat and of 81
a day for home service. From this
credit. which every veteran can
readily compute for himself II he re-
members the important dates OF his
service career, must be deducted $50,
representing the discharge bonus
given every man on leaving the serv-
ice. Service must be coputed be-
tween the dates April 5, 1917, and
July 1, 1919. The maximum adj
Justed service credit to which vet
eran Is entitled is $500 for home
and 1926 for foreign service, accord
ing to the terms OF the measure.
The bill contains the following
provisions:
/. Adjusted Service Pay. This.
the only cash feature provided for
in the Adjusted Compensation bill. is
payable only to men whose adjusted
service credit, after deducting the
$50 discharge bonus. comes to $50
or less. Roughly, 1t affects only men
who served less than four months.
(This provision must be accepted by
veterans who are not entitled TO more
than 500
2 Adjusted Service Certificates.
These certificates are paid-up endow-
ment insurance policies, payable at
the end OF 20 years to the veteran
II he is still alive, or, IL he dies in
the interval, to his estate. The GER
tificate would have redemption
value at the end OF the twenty-year
period OF the adjusted service credit
plus rs per cent, the whole plus liz
per cent interest compounded an
nually This would come to 3.0l5
the value of the adjusted service
credit. Adjusted service certificates
would have a loan value on the fol-
lowing basis: For the first three
years the certificate holder would be
to borrow from a bank SO
per cent OF the value of his adjusted |
service credit plus the interest there |
on at l-2 per cent compounded an
nually. From three TO six years fol |
lowing issuance of the certificate h
could borrow SIS per cent of his credit /
plus interest. after six years 81 IL !,
per cent. plus interest In case of |
failure to make payments on these
loans when due the veteran would
not lose his certificate. The secretary
Of the treasury would be required to
lake them up and veterans would
have the option of redeeming them
by paying loan and interest. this pro-
Vision to remain IN effect during the
life OF the certificate.
g. Vocational Training Aid. This
provision allows the veteran to apply
lis adjusted service credit. computed
n this option at si.75 day. to COM
,iete an education interrupted by
he war.
4. Farm or Home Aid. Veterans
Who wish to make improvements on