The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-24
LECION'S POLL
REVEALS BONUS
MONEY DESTINY
All Business and Industry
Expected to Share
in Distribution.

BIZ United Press
WASHINGTON, Jan. 24.-The
American Legion today presented
It's picture of where the veterans
bonus dollar will goa picture
showing that virtually every phase
of business and industry will react
to the tinkle of fresh coins in the
cash register.
The picture was based on a QueS-
tionnaire answered by some $4,000
ex-service men, and was predicated
on full cash payment of the bonus.
The Baby Bond feature of the
present bill will reduce expenditures
by about $500, 100000 or IA per cent,
the Legion estimated. This sum
should be deducted from each of
the totals presented, the Legion
said.
If all the certificates were cashed,
the veterans organization believed,
veterans would receive 81, 988, 391. 1872
or about $56517 apiece. Congress
sional sources have estimated the
entire bonus cost to the government
al around SZ,Z3i ,UUO ,UO0.
Here's how the veterans say they
will spend their money:
To pay old bills and debts S62S, 6I5. 1913
On homes OBSERVATION-DISCLOSURES. 6i3, AS, 900
Clothing ...............,......I 1870, 1893, 900
AUTOMOBILES and accessories 1883. 900
Farm implements ........... 42,S21 ,O38
Investments ............,...... 154, 993, 900
insurance Observation-Disclosures. 81 ,239, 900
EDUCATION .................... IL 8JJ, 900
Savings accounts ............. 88,88i, 900
miscellaneous ..........,...... 1881, 3I2
The average veteran, the Legion
revealed, will put bigger share Of
his money into paying off the
butcher, the baker, the physician
and the dentist than any other
single item.
Next he will put large share of
his money into his home.
The Legion estimated that ST., 1928
veterans would spend about $196
apiece in repairing their homes.
This would mean an expenditure of
$133,341 ,6l3 in home repairs or al
most as much as was spent through
the federal Housing Administrator
all !, year.
Those without homes-in many
instances-Will buy them.
239,568 to Buy Homes
The Legion figured that 1868
veterans would buy homes, making
first payments, at least in part,
with bonus money. Some lis 1000 will
buy lots and 1924 farms, the esti-
mates showed
The veterans group forecast
minor building boom should result
from the payment, with $92,451 003
in bonus money going into home
building which the Legion believed
would mean total home construc-
ton program of $641 ,056,000.
Money spent inside homes will be
equally important. Veterans indi-
Gated that the articles they would
buy most of were furniture, rugs
and carpets, electric and gas re-
frigerators. furnaces and radios.
Some $8,76l 900 should be spent on
radios alone, the estimate showed.
More than a million wives of
veterans are going to get new hats
and dresses, if there is any bonus
money left over after paying the
bills, the poll showed.
For every dollar that veterans
spend on their own clothing they
will spend Sill for their wife and
children. That accounts for an ex-
penditure of $50, $4,000.
Comparatively small amounts are
destined for education, insurance
and savings. Only 440,891 veterans.
the poll indicated. will spend on
insurance; 1921 on education, and
36l,67O will put some money into
the bank.