The Waterbury Democrat., 1936-06-15
Bonus Bonds Delivery
 Started At Midnight
Continued from Page l,

country and 41.25 for every day serv- ed except for the first GO days in each category, for which no payment is made. The average vet- eran received approximately $550. Individual payments ranged as low as Q few dollars and as high as 9l, 500, depending on length of Serv- i've and whether the veteran had borrowed on his adjusted service certificate.
 Into Trade Channels
 A large portion of the tremendous outlay was expected to find its way immediately into the nations trade channels. Treasury, post otice, veterans administration and veter- ans organization ofncials urged the veterans to hold their bonds as in- vestments, but there are back debts to be paid, automobiles to be bought, homes to be furnished and redecorated, and children to be educated.
 It was Q cash bonus the veterans demanded. It Is into cash that many of their bonds will be converted.
 Special night deliveries arranged by the post ofiice department 50 that employed veterans need not miss part of days work in order to receive their payments.
 The packets containing cheeks and bonds were deliverable only to the veteran to whom addressed. No other person could sign for him.
 If Q veteran was not at home when the mailman called Q card was left requesting him to go to his post off1ce, properly identify himself, and receive his bonus packet.
 Great ''Pay Day.
 Treasury officials estimated that some 38,000,O00 $50.bonds will be distributed to the three-and-a-half million veterans during this "pay day" The bonds will have an esti- mated face value of 4l 900, 900, 900. They bear the date of June IS, 1886, pay 3 per cent interest, and mature June IS, 1946.
 They are convertible into cash immediately, however, at any of the 241 post ofaces distributed through out the country designated aS fed- eral government disbursing ofilces.
 If the veterans home post ofiice is not one of the disbursing ofiices he can convert his bones into cash by executing the surrender contract on the back of the bond and depositing 1t with his local postmaster. The latter will give the veteran a re- ceipt, and mail the bonds to the nearest disbursing ofiice.
 President Asks Cooperation A check on the treasurer of the United States will be sent by reg istered Hail to the veteran. Thii check is cashable at any post ofiict or bank. President Roosevelt has re- quested banks throughout thu country to cooperate in cashinl these checks, immediately and Ii full.
 All army, navy or marine corp' ranks up to and including the grade of captain were eligible for tho bonus. Ofncers promoted above the grade of captain during the wal were entitled to bonus payment fol the portion of their service previous to promotion.
 In addition to the 4l,000, 900, ,00C in bonus the veterans are receiving treasurer's checks totalling $700,00O, 900. These checks represent the amount due veterans over and above the sum divisible by $50. The divisi- ble sum is paid entirely in bonds.
 The distribution which began to- day marked the end of the long long trail upon which bonus legisla- ton was launched soon after the doughboyS ceased standing in line before the paymasters' tents, 1a years ago, when the bugles sounded ''pay day, pay day - whatre you gonna do with drunken soldierP"
 Vetoed By All Presidents
 Vetoed regularly by every presi- dent from Coolidge to Roosevelt legislation moved towards its goal with slow but measure certainty, During the years several bonus marches" upon the capital were or-