Salt Lake Telegram | 1920-05-13 | Page 5 | Borah Proposes New Bonus Plan

BORAH PROPOSES NEW NE BONUS PLAN Loans and Employment His I Relief Program W WASHINGTON May 13 Soldier Soldier I Irelle relief relle legislation departing radically from proposals before the house was was was' introduced yesterday by Senator Borah Borah Borah Bo Bo- Bo- Bo rah Rep Idaho It proposes to tomake tomake to make available during the next ten years jears for loans to all men honorably discharged from service I The amount available for loans would I be limited to annually One type of at loan would be limited to on a a. long term basis for forthe forthe forthe the purchase of suburban homes or farms Veterans taking advantage of ot the terms would have to invest an equal amount The second would allow the secretary secretary secre secre- tary of the interior to establish drainage drainage drainage drain drain- age or Irrigation districts employing I veterans in all work Farm sites would afterwards be sold to service servicemen servicemen servicemen men on a year 40 payment plan at actual cost and 5 per cent Interest Service men men settling on the land would be entitled in hi addition to 2000 in short time loans A special board la is Is prop proposed sed for adI administration administration ad ad- ministration of the the- act I