White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1924-02-01

day for service on home SOIL or
slips day for service overseas;
none of this is to be paid by the
government in cash, except that a
cash settlement will be made with
all veterans whose compensation
credit would be $50 or less.
The maximum credit available to
any veteran is $500 for the man who
was not sent overseas or 1925 for
the veteran who was sent out of the
country.
This credit can be applied, by
loans obtainable on government GER
tiicates, towards the purchase or i'm
provement of farm or home; or,
applied on vocational training; or
applied on the purchase of land for
settlement under one OF the reclama-
ton projects which may be set aside
for the purpose by the National Vet
Grams Settlement Board.
Option of Five Plans
The veteran may select at his OPP
ton one, but only one, of these
plans.
Sources of finance provided by the
| Watkins bill are as follows:
1. Moneys in the treasury of the
priated
2. A poll tax of $3.50 upon every
alien entering the United States for
settlement or residence for period
longer than six months; and a $50
poll tax annually upon every alien
already resident Of the. United
States.
3. A tax of 2 per cent per year
upon the gross income of every for
eign corporation in the United States.
4. Under revision of the inherit
ance tax embodied in the revenue act
Of 1921, a tax upon the net value Of
estates of persons dieing after the
act passed, ranging from l per cent
Of estates valued at $4,000 or less
up to 40 per cent ofsestates in ex-
cess of $1O,0O0,000.
5. An excess profits tax ranging
from 5 per cent of net incomes ex-
ceeding 10 per cent of the capital
and up to 20 per cent, to 20 per cent
of the amount of net income in ex-
cess Of 33 per cent Of the capital.
partnerships and individuals in, all
trades or businesses, with minor ex-
ceptiors.
The bill provides for the repeal
by Congress of the taxes levied for
adjusted compensation when suffi-
cient revenue for carrying out the
provisions of the act have been
raised.
or these sources Of revenue
enumerated above, the alien admis-
sion tax, the alien poll tax, and the
foreign corporation tax are the only
new sources created The excess
profit tax and the Inheritance tax
are merely revisions of existing
sources.
The American Legion has gotten
behind the Watkins bill because it
provides the fairest imposition of
the expense with the smallest imme-
date outlay Of cash expenditure.
Its provisions-paid-up endowment
life insurance policies, home and farm
aid, vocational training aid and lane
settlement--are so arranged that the
expense would be distributed over 6
20-year period without the necessity
of adding to the nations debt big
wieldy bond issue.
And yet these provisions would be
just the ones to meet the actual ex
listing needs Of the vast majority o.
: those men and women who, since
their honorable service with the army
and navy, have been struggling alone
on their own resources to equalize
their positions with those who die
not so serve.
There is only one thing now fol
the American public to consider with
regard to adjusted compensation, ant
that is the conscientious objections
big business has to paying the bill
for it, and the effect the conscientious
DIRECTORS in the big interests are
having upon Congress and the gov
eminent
Just suppose for a moment tina
every veteran when he landed ii