Evening star., 1924-03-17
HOUSE GETS REPORT
ON SOLDIER BONUS
Continued from First Page.)

to tho insurance policies and 3S9, ,5sa
veterans who served from sixty lone
to 10 days who would be entitled
to the cash payment.
Also there were 1S3,805 veterans
who died prior to January 1 this year
and whose dependents would be en-
titled to the adjusted service compen-
sation in ten annual installments. The
average age of veterans was figured
at thirty-two years. AS of January
1, 1924. officers above the rank of cap
tain in the Army and Marine Corps,
and lieutenant in the Navy, would not
be eligible.
The cash ayments might be made,
Mr.. Green said, within the calendar
year. il the bill is passed. although
the insurance policies would not be
dated until January l, 1925.
Loans could be made on the policies
after two years from the date OF
issuance at banks Incorporated under
the laws Of state, territory or Dis
trict of Columbia, and the rate OF in
terest could not be higher than per
cent more than the federal reserve
rates for the district in which the
ioaning bank is situated. Loans couid
not exceed 80 er cent of the reserve
value of the certificate for the cur
rent year, nor 60 per cent of the face
value at any time.
Table shows Lean vaInes.
The following table shows the loan
values at various years of $1,000
policy: Three years, loan value 80 per
cent, 1898; four years. s11s.9s; five
wears. s1535c; six years, s1SS.61 ;
seven years. s225.32: eight years.
2s3.75; nine years, $3e3.ss; ten years,
s34612; eleven years. $3S0.25; twelve
years, $436.59; thirteen years. S4s4-SS'
fourteen years. S533.s4: fifteen years
$5s9.I9: sixteen years, S645.22; seven
teen years. $704.0s; eighteen years,
S76602; nineteen years, $S31-23;
twenty years. $500.
To meet the costs of the bill sink
ing fund would be created. for which
S1oo Oee, 900 would be appropriated an
nuaIly. The funds necessary to meet
the cash payments as we'll as payments
to dependents of deceased veterans In
the first year were estimated at about
s135, 100000. This cost would decrease
annually. it was figured, to 1885, $50
in the nineteenth year.
The minority report declared that
while We have great deal OF sym
pathy for the proposition that in time
of war all citizens, whether drafted for
military service or performing neceS-
sary economic labors, should be paid
as nearly as possible on the same basis.
on the theory that in time of national
danger all mems persons and time
SHOufu De at the HoS<hl VI lHCi Sooh~
try, we believe it to be impossible to re-
adjust this inequality today without
grave economic loss TO all of our peo-
pie. which, of course, includes the vet
Grams themselves"
The minority members declared for
legislation which would be beneficial
to the wounded and sick veterans and
their dependents.
Minority Report on Funds.
The minority report pointed out
that an appropriation Of $135.o0o, 600
would be necessary in the first year
of operation Of the bill and that "the
revenue bill recently adopted by the
House reduced taxes to a. point where.
in accordance with the Treasury esti-
mates, they will not only wipe out
all prospective surplus, but, in all
probability, create a deficit for that
calendar year.
"In the face of these facts" the re-
port said, "for Congress to create a
new and continuing obligation for
some years to come without provid-
ing the revenue to meet that obli-
cation is, in our judgment. a very
unsound practice"