Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1924-05-23
BONUS BILL BECOMES ALAW

The Soldiers Bonus bill finally i
has become law.
The measure which has been
the subject of a fight between
Congress and two successive
Presidents was repassed Monday
BY the Senate over President
Coolidge's veto. BY a vote of sol
to IS,
This was q margin of twoI
votes more than the necessary
two-thirds majority 40 compared
with the 50 votes there were to
spare when the veto was over
ridden in the House last Saturday.
President Coolidge made a
futile last minute effort to Ii We
his veto sustained in the Senate,
calling to the White House for a
breakfast conference seven Re.
publican Senators. Four of
these, who previously had voted
for the bill, cast their ballot in
support of the executive.
Altogether. there were only
five Senators who supported the
bill on its first passage to vote
against it today.
White House officials in disc
cussing the Senate action EN-.
phasized that the Mellon tax re.
duction program was predicted
upon the assumption that there
would be no bonus legislation.
While they refused to say so
directly. they left the impression
that Congress, having decided on
a bonus, hope of material tax re.
auctions must be abandoned.
Secretary Mellon was not
prepared to discuss the effect of
the bonus upon the Treasury's
financial program, but he said
that sooner or later. there must
be provision for payment and
it can be met only by new taxes. ~
The cost of the bonus has
been variously estimated at from
$3.50, 100000 to $4,000. 900. 600
| Treasury officials mailing the
highest estimate. The onl :
leash provided for is $50 to ex'
service men not entitled to more
than that ID adjusted service
Icredit. Others will receive a &c
lyear endowment insurance policy
based upon the length of service
/ One form of application will b,
used for all services and thes,
applications will be distributed
throughout the country through
the postofices, the America,
Red Cross, the American Legion
and other service societies.
WHAT VETERANS WILL GET
j Under the soldier bonus Law
enacted. veterans of the Worl,
War are to receive paid-up en-
dowment insurance policies i,
amounts varying with the length
of their service. or in some case
$50 in cash. The bonus is com
puted on basis of 81 a day TO
home service and ST. Is a day TO
overseas service. The first 3,
days cannot be counted, havins
been compensated by the So
government bonus.
If all service was at home S5Ot
is the maximum compensation
and if part was overseas $6z5 /.
the maximum. To the basi,
compensation is added Is per
cent, this total being multiplied
by a factor depending on tn,
7eteran's age on January l next
| to give the insurance value of mis-
bonus policy
/ In general, veterans who
Iserved more than ITO DAYS NAV
compute the amount of insurance
they are to receive BY the fol.
lowing method d: Calculating
from 80 days after entering the
service, the number of days OF
home service at ST. day are to
be added to the. number of DAYS
OF overseas service, if any, at
S1.25 day If this total is $50 or
less. the veteran will receive the
i!amount in cash. If it is more
than $50, Is percent of this total
is to be added to itself, which
amount is :hen to be multiplied
by a factor corresponding to the
age of the veterans at the nearest
birthday to January 1, 1925.