The producers news., 1927-11-25

grade of first lieutenant in the coast
guard, or passed assistant surgeon III
the public health service; or having
the pay and allowances, though hoC
the rank, of officers higher than
those grades. However, a veteran
who now holds, or has held, such RANK
is eligible for the time he served III
lower grades.
(3) Those who did not receive an
honorable discharge.
(4) Conscientious objectors VINO
did not perform any service or feIus-
ed to wear the uniform.
(5) Those who were discharged
because they were aliens.
All veterans Should apply IN person
for the adjusted compensation. Inns
is important in that he may assign
any person whom he chooses as the
beneficiary of the adjusted service
certificate, regardless of his relation
ship to such beneficiary. If vet
eran dies before he has made appll-
cation only dependents are eligible to
! make application and they can only
2 receive the amount accrued during the
: actual number of days during which
: the veteran served between the dates
( of April 5, 1917 and July 1, 1919 at
/ the rate of $1.00 per day for ser
e vice within the United States, and
t S1.25 per day for overseas service,
e this to be paid in ten equal install
: ments.
In addition to the fact that depend
a ents may make application for the
e adjusted service compensation prior
: to January 2, 1928, in the instance Of
S death of the veteran, they have SIX
: months within which to make appll-
e cation should the death of a veteran
Y who has not applied occur between the
IS dates of June 80, 1927 and January
r 2, 1928. For example, if veteran
who has not applied dies on December
e 30, 1927, the dependnets have until
1t June 20, 1928 to file an application
l which will be valid.
n, In computing the amount of an adj
N iusted service certificate, the accrued
j. credit is multiplied by a prepared
le factor ranging from 2.545 if appllca-
IN ton is made at the age of 18 years
oil to 1889 if application is made at thf
III age Of 65 years. The minimum am
O. cunt for which any adjusted service
n certificate may be written has beer
O. calculated to be S128; the maximum
al $3.50. These figures are reached b!
as using the smallest possible credit il
It. the first instance; the greatest pos
ke sible credit in the latter.
n The certificate has a loan value a
tie the end Of two years after appllca
ng ton is made This loan value IN
'ly creases each year for twenty years
is at which time the certificate mature
he as a twenty year endowment nsuf
RI ance policy. 1t carries many of tn
in virtues of a paid up twenty year en-
ad dowment insurance policy in that
eft allows an increasing loan value afte
5y- two years, is payable in cash, If FIRE
on from encumbrance, as one lump sun
at the end of twenty years or is pay
able in one sum for the full face valu
a to the beneficiary in case of death
he the veteran.
ng The foregoing paragraphs apply
in men who served in the navy, marin
lis corps or army for a period lon
Inc enough to warrant accumulation {
to $1,000 or over. In calculating II
to amount to be placed on the face
r6s the certificate a deduction is mac
ing of the sixty dollars cash bonus pa
hat to each veteran at the time he w
ese discharged from the service. If t
ere amount in excess of this amount do
nv not exceed $50 the remainder is pa
as one cash payment.
Application blanks have been d
tributed to all Posts of the LegiC
Veterans of Foreign Wars, and D
- abled American Veterans, or can
dSI secured by writing to the Region
Manager of the U. S. Veterans E
doc, reau, Helena, Montana, or write PIE
lon tywood Post No. 58, American Legi,
usi- Plentywood, Mont.