Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-03-20
|O|vUS BILL PASSED
by HOUSE; MARGIN
| WOULD KILL VETO
|easure Provides Paid Up
P0-Year Endowment Poll
|cieS on Same Pay Basis
as First Bill

WASHINGTON, March 1S.-rhe
use passed the soldier bonus bill
Hay. ~, vote was 355 to "a.
ksk,f vote came after forty min
debate under rules recurring
wo-thirds majority and barring
condiments.
|rhe 1-3ult indicated there are
ties in the house to override a
esidential veto. -,
AS sent to the senate, the Dill
Divides for paid-up, 20-year en-,
wment life insurance policies ana
sh payments to those veterans
entitled to more than $50 IN
busted compensation.
The adjusted service credit Is flg-
sed on the same basis as in the
bill, which twice passed the
use, 81 a day for home service
ii $1.25 a day for overseas duty,
first sixty days of service not
inting.
Chamber Is Crowded
bn motion of Chairman Green, OIL
Ways and Means committee, the
es were suspended, the bill was
d, and just before 1 o'clock de-
e was begun under a parliament
y situation shutting off amend
hts and limiting discussion to
ty minutes.
The committee chairman then
S allotted half the time allowed Tor
bate and the other half was placed
der control of Representative Col
of Mississippi, a Democratic
nmittee member.
Nearly every member was on the
ar, and the galleries were crowd
as the third bonus bill in four
lrE approached a vote.
4 tWo- thirds majority would be re-
ired under the unusual parila-
ntary status of the measure, but
bills proponents seemed to have
doubt Of its passage.
chairman Green opening the de-
e, said the hou twice before
b passe dab onus bill and 1T is
w time to pass a measure which
become law"
the insurance provision, he said,
uld alloy cash payments in ~
hrs and he estimated that 81 per
bit of tho veterans then would be
Ee.
Cash Questioned Cheered
when Representative Yates, Re
blican, Illinois, asked if there
uld be no opportunity to vote for
cash payment option, he was de,
red out of order. Cheers greeted
questin, but it went unanswered.
II veteran served between so
q 10 days he would be paid in
sh; otherwise an insurance policy
uId be given. A maximum of
DO. is allowed as adjusted service
edit for home service and $625 for
erseas duty. Service between
bril 5. 1917, and July 1, 1919, may
counted, though enlistment must
I've been made before November IL,
n computing the value of the in.
rance policy one-fourth OF the
hount of adjusted service com
nsation due a veteran is added
ID the policy is then valued at
Mounts of insurance which such
sum would purchase at his age in
cordance with accepted actuarial
inciples based upon American eX
rience tables of mortality, with
crest at per cent per year com
unded annually.
The maximum policy would be
birth about $1,000 if the maximum
overseas credit were due ant
out 81, 400 if the maximum credit
home service was due.
All enlisted men and women anC
Ulcers up to and including the
blk of captain in the army or ma
ne corps and lieutenant in the
~ first lieutenant, or first lieu
nc of engineers in the coas
nd and post associate surgeon il
r E spublic health service are made
gible for the policies.
Overseas service includes servic
shore in Europe or Asia, eXclu
he of China, Japan and the Phi
pines, and service afloat, not OF
ceiving ships; including in eithe
Sc the period from the date of EN-
rkation for such service to tn
tie of Decentralization on return
Dm such service, both dates inclu
fe.
All iICdlltliS III the nenSlllS
bill must be filed with the sec
tary of war or secretary of tn
Wy, according to the service, o
before January l, 1928. Thos
titled to cash payments, $50 O
IS. may be paid at any time afte
he months from the date the bill
comes law.
The measure has new provision
lowing cash payments to depend
is of veterans who have died sine
e war TO the amount of adiuste
rvice compensation due. If thi
hounts to more than $50 the pay
ents will be made in ten annual ir
ailments.
The total. cost of the bill is est
hted at 50, 10000, 900, to be sprea
ter a period of twenty years. Th
RXimum cost for the first year j
Rced at Approximately S1S5, 900. O0(
1t is estimated S,03S,2S3 veteran
puld be entitled to insurance pol
cs, and SS9. 1888 to cash payment
$50 or less, while S65,741 woul
bt be eligible for any bonus, havin
rived less than go days. 1t is 9,
mated also that 1S3,S05 had die
b to January l, this year whose d,
fndents would be entitled to thei
busted service credit.