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Show CASH FEATURE DF BONUS ELIMINATED FORMER SOLDIER8 WILL BE ABLE TO BORROW FIFTY PER CENT ON CERTIFICATE Agreement Is Reached so aa to Enable Soldlor to Receive Cash -on Cer. tifloate Where Set Sum Is Not Exceeded Washington Unanimous ngrccmont I to eliminate tho cash foature of th soldiers' bonus except In tho case of men whose adjusted servlco pay would not exceed 50 was reported Thursday by tho special subcommlttoo of Republican Repub-lican members of the liouso ways and means committee to which tho whols bonus question was roferrod. In lieu of cash for tho other sorvlco inon It was agreod td ndd a now provision pro-vision to the bonus bill under which tho men accepting adjustod service certificates could borrow Immediately on those cortlflcntes from banks a sum equal to 50 per cent of tho total adjusted adjust-ed servlco pay, computod at tho rate of $1 n day for domestic service nnd ?1.2o n day for foreign service. This official stutement of tho agreement agree-ment of the subcommlttoo wno Issued by Chairman Fonlney; "The subcommittee, consisting of Chnlrmnn Pordnoy, Messrs. Green, Longworth, Ilnwley, Trcadwoy and Coploy have tentatively agreed upon and prepared a provision to bo submitted sub-mitted which In substnnco Is as follows: fol-lows: "Tho elimination of the cash feature of tho bonus bill where tho veteranw are entitled to moro than ?50 adjusted service pay, but adding n now loan provision pro-vision to tho adjusted sorvlec certlll-cnte certlll-cnte title, which will enable holders of such certificates to borrow from any national bank or bank or trust com- pnny Incorporated under the lnws of any state, 50 por cent of the sum of the adjusted servlco pay prior to September Sep-tember 30, 1025. This dnto was fixed because after that time the bill as orlglnnlly drafted by tho committee provides for n larger percontngo of loan by the government and hns not been changed by the subcommittee." Chnlrmnn Pordnoy said this plan wus expected to meet with general approval, ap-proval, since It enabled the soldiers who may be In nocd to obtain cash Immediately Im-mediately after the Issuanco of the certificates ; would relieve tho troasury of any lnrgo cash payment during the enormous refunding operations which must bo carried out In tho next two years and would plnce no additional tax burden upon tho public. Under nnothor tentative provision being considered the Utile to tho cer-tlllcntes cer-tlllcntes could not bo disposed of by tho servlco men, the Idea being, Mr Fordney explained, to prevent (lie cTr-tlflcates cTr-tlflcates from fnllllng Into the hands or loan sharks. |