The Washington times., 1924-03-04
BONUS COST IN.
CASH HELD
SMALL
Quinn Points Out Desirable
Features Of Pending
Compensation Bill.

This is the eighth and last of a
series Of articles By the national
commander of the American
Legion on the truth about adjusted
compensation as the 1V0rLd GOGr
veteran sees 1t.
By JOHN r.. QUINN,
National Commander, American Legion
written for Cosmopolitan News Service
INDIANAPOLIS. Ind, March A.
We have considered this past week
the arguments propounded by the
opponents to the adjusted compen-
sation bill, and their tactics You
have read the legion's answer to
those arguments, answers which I
believe to be irrefutable. But the
best argument for the adjusted com.
pensation bill is the bill itself: and
to explain the bill itself, and tell
it is the greatest Americanism
measure ever Introduced in Con-
gresS.
What Is the bill? Briefly, it is a
measure written expressly to help
financially, and make him better
able to compete with thoes who
did not enter the service.
It is a four-fold measure provid-
ing mandatory feature and three
options. 1t has been said that large
quantities Of cash will change
cash feature Of the bill is the
Ia oh vNNPk Sv1
there for administrative reasons
only.
This feature provides that, for
there must be a cash payment
made at the rate of one dollar per
day Of service, from this is sub.
tracted the $50 received at time OF
discharge, and the remaining $50
or less is paid in cash. Treasury
actuaries have estimated the cost
Of this clause at $16.O00,00O.
The three options are: Adjusted
compensation, vocational training
and farm and home aid. Let us
consider them in their order.
Life Insurance.
The adjusted service certificate
30 mis-named. What 1t is actually
IL a paid-up, endowment, life in.
0urance policy, maturing in &c
years. 1t is computed on a money
basis in this fashion: One dollar a
day for domestic service, not to
exceed $500, and one dollar and a
quarter a day for overseas and
afloat service, with a maximum OF
$625.
A certificate for the veteran IL
drawn up. The amount receivable
by his service Is to draw Az per
cent interest for twenty years, at
the end of which it will be pay.
able TO the veteran, If he is alive
By that time the original 1925 has
Q little more than trebled, and that
trebled sum is the face value OF
the certificate. In case the vet.
eran dies his beneficiary draws the
maximum amount Immediately.
That gives the veteran security
and helps him go out to earn his
bread, knowing his loved ones are
protected.
If he must have money, and
many veterans must have money
he can borrow SO per cent Of the
certificates face value from a bank
drawing his own note and using the
certificate as collateral. The Ger.
Gificate is non-negotiable and Re.
mains the property Of the veteran
till 1t is redemmed at the end of
twenty years.
Educational Feature.
Now vocational education: Five
years ago it would have been a
precious clause, used by many. But
now I think it is too late. The
men who might have gone back to
their studies couldn't do it then,
and 1t is too late now. The govern
ment took them out of college to
fight for it, but didn't get around
to sending them back.
The farm-and-home-aid clause is
a popular one, for most Of the vet
Grams are over thirty years Of age
now and thinking of getting a grub
stake in the land. At the same
rate Of computation, as used in
the adjusted pay certificate. the
veteran can, If he wishes, apply the
adjusted pay toward the purchase
OF a home or a farm, or improve
m n