Show r 12 Dr UTAH AH VETERANS VETERA 5 URGED TO RAISE BIG lOAN FUND I I State t te Department of Ameri- Ameri I X 2 can Legion Submits Plan I Ifor i I I 2 for Providing to j i Aid Service Ex-Service Men I f I I Impending up upon n the concurrence of I t e majority of ot the posts of ot the American legion throughout the state J he estate state department of that organization tion launched a plan Saturday for the of ot a rotating fund from from which loans will be made to in In- In service ex men financially embarrassed embarrassed em- em Bulletins outlining the plan ii ri accordance with a similar one to be out on a national basis sugg sug- sug g st d by National Commander Mc- Mc Nider several days ago at Indianapolis polls Ind were sent out Saturday to all tate state departments and post officials by ato i tate at Adjutant Kirke M. M I. I Decker 5 The plan suggested for Utah differs rom that proposed to be worked out J pg ft a national basis In that the former calls AlIs for a direct loan of at least 10 from Crom rr m 1000 or more moro legionnaires In the state financially able to establish the Jund fund Th The plan called for the j- j turn sturn of cash bonuses expected to be warded following th the passage of adjusted ad ad- ju ted compensation legislation now pending in congress to Washington by I nIt it former service men not absolutely it need n-eed of the money From this ac- ac 1 would be established a gigantic gl- gl gantic fund from which loans would be made to former service men In need t bf f more money than will be awarded them m under the adjusted compensation fl measure asure i. i Adjutant Decker urged that post of ot- ot felas place the Utah plan before their Members at the earliest possible date State headquarters In the capitol will ij notified ot of the action taken by each post st and in turn will place the ma ma- chinery in operation to establish the Utah fund if the posts give their ap ap- ap Following Is the plan as it is set forth in the bulletin It is proposed to establish a ro rotating rotating rotating ro- ro tating fund loan o n of ot not less than 10 this fund to be administered by bya a committee of three appointed by bythe bythe bythe the department commander subject to the approval of the department t ex executive executive executive ex- ex committee Loans are to be made to members of ot the American le legion legion legion le- le gion upon pon the recommendation of pos post commanders and adjutants No loan foan will be pc made to exceed 50 nor for a period longer than sixty days All loans to be made lade without security and to bear 4 per cent interest Funds for this loan are to be obtained by a pledge of 10 each tach from 1000 of our members In this state The d depart department part part- ment of Utah will give a note to each member who makes a loan to this fund which will bear 3 per cent interest Details for the administration o othe of the fund if decided upon will be worked out by the committee appointed appointed appointed ap ap- ap- ap pointed by the department commander commande and submitted to the department executive executive executive ex ex- ex- ex committee for approval |