Milford chronicle., 1931-04-10
WAR VETER ANS
BUY GOVERNMENT
INSURANCE WITH
BONUS MONEY
Thousands Of Other Vet
Grams Are Expected To
Write To The Philadel-
phia Regional Office For
Information AS Soon AS
..A%' heir Bonus Checks Ar
rive.

auA$. heir Bonus Checks Ar
rive.
mot only have members of the
exploration party bound for the
North Pole in the Submarine Maui
titus re-instated their Government
insurance but other World War Vet
Grams are spending a part of their
bonus for reinstatement of their
Government insurance policies, -
states Harry J. CrossOn, Regional
Manager of the u. S. Veterans Bu-
reau at Philadelphia. "One of the
most pleasing results Of the pay
ment of bonus loans to war veterans
is the increasing number who are
making inquiry about how to rein
state their Government insurance
policies. The last session of Con-
gress," continued Mr.. CrOsson,
made it possible for World. War
Veterans holding Adjusted Service
Certificates to borrow fifty per cent
of their face value. Since passage
Of this legislation, the Philadelphia
Office at close of business March 2S
paid loans to over -, 500 veterans in
the huge sum of over $l2,500,00
This represents approximately one
half the number that have applied
To date, and. considering the fact
that three quarters of those who
have received their loans had pre-
ViOusly borrowed twenty-five and
one half per cent of the face value
of their certificates, it is interest
ing to note that the average bonus
payment is approximately $375."
"The most of this money is being
spent for necessities of life" con-
tinues Mr.. CrossOn, for thousands
Of veterans in Eastern Pennsylvania
and Delaware have been out of work
for protracted periods during the
economic depression of the times.
They are paying grocery and cloth
ing bills, buying necessities for
their households, making payments
on Building and Loan Shares, liqui-
dating Or reducing debts, and other
wise putting their bonus loans to
good purposes. incidentally, it does
not take much figuring 80 estimate
the tremendous good that will re-
suit by the-distribution Of this large
sum in this area. There is no ques-
tiOn but that business will be great
ly benefited and that through the
expenditure of bonus loans, the
country will emerge from the pres
ent depression. To me, however,
one OF the most encouraging signs
of the wisdom on the part of veter-
ans in expenditure of their funds is
their desire to eXpend a portion of
it to safeguard their interests and of
eran who had War Risk insurance
during service and has permitted his
policy to lapse can, on passing a
physical examination, rainstate his
policy or Il portion thereof. Il For
years many have had desire 10 rein
state their policies but haze been
unable because of financial stress,
Now that they have received their
bonus loans they are writing 10 the
Regional Office of the Veterans Bur
eau, 33rd and Arch Streets,S, Phila-
delphia, for information and rates
81 consider the privilege OF rein
stating Government insurance. one
of the greatest benefits granted to
World War Veterans" states Mr.,
CrOsson. There are many who be
lieVe that compensation. hOspital-
cation and medical treatment, are
the greatest benefits provided and,
of course, these named benefits are
of great advantage to the disabled;
but i'll the case of insurance all vet
Grams may participate in the bene-
fits and, while premiums must re
paid as to any private insurance
the Government pClicy
premiums are lower than in any
private company. All executives of
private companies readily admit
they could not sell Insurance in
with Government insur-
lnce. | expect that thousands of
other veterans will be writing to the d; =
Regional Office for in y
as soon as their bonus :
checks arrive. II is evidence of :
wisdom on their part. II shows that
hey are looking ahead both to old
lge' and to protection of their de-
lentlGnts in case of early death. The
lverage age Of World War Veterans :
S now about thirty-eight years. If y
II good health they are splendid
'isks from an insurance standpoint c
md by reinstatinG their Govern !,
nent policies at this time they show :
great foresight and proof to the :,
at large that they know =
low prolitably to eXpend their bonus !
oans."
Mr. Crosson states that his Office
t 33rd and Arch Streets, Philadel-
,hia. is prepared to answer all in
Iuiries concerning premium rates
nd to furnish instructions for re-
Pstatin@ government insurance pol
cies. Inquiries by mail are being
iwnn nrnmnt affnnfinn b