Show GUSH mi feature OF BUNUS eliminated 6 FORMER SOLDIERS WILL BE ABLE TO BORROW FIFTY PER CENT ON certificate agreement Is reached so as to enable soldier to receive cash on where set sum Is not exceeded washing washington ton unanimous agreement to eliminate the cash feature of the soldiers bonus except in the case of men whose hase adjusted service pay would not exceed 50 30 was reported thursday by the special subcommittee of republican lican members of the house ways anti anil menus means committee to which the bonus question was referred in lieu of cash for the other service men it was agreed 0 t add a new provision to the bonus bill under which the men accepting adjusted service certificates could borrow immediately on those certificates from banks a sum equal to GO 60 percent per cent of the total adjusted service pay computed at the rate of 1 1 a day far domestic service and a day for foreign service this official statement of the agreement ment of tile the subcommittee was issued by chairman fordney tile the subcommittee consisting of chairman fordney green Lon longworth Long north gorth clawley treadway and copley have tentatively agreed upon and prepared a provision to be submitted which well in substance la Is as follows the elimination of the cash feature of the bonus bill where the vete veteran rann tire are entitled to more than 50 adjusted service pay but adding a new loan pro cislon to the adjusted service certificate title which will enable holders of such quell certificates to borrow front from any national bank or bank or trust company incorporated under tile the laws of tiny liny state 50 per cent of the sum of the adjusted service pay prior to september SO 30 1925 this date was fixed because after that time the bill as all originally drafted by the committee provides for a larger percentage of loan by the government and ling hns not lieen been changed by the subcommittee chairman fordney said tills plan was expected to meet with alth general approval pr ovill since it enabled the soldiers alio to rally be in need to obtain cash h ini im after the issuance of the certificates would relieve the treasury of any large cash during the enormous refunding operations which let lon inest t be carried out lit in the next two tuo yea yours are nail anil would out place no additional tax burden upon the public ander under another tentative provision 1 ne I 1 Z considered oil sl derel the tit lle le to the If teate could not be 10 deposed dg posed ed of if by the I 1 lie aenice sen ice men the men idea being belli nar 31 r fordney explained to prevent the jer ti tavates from into the fiti hands nili of lonn lian charls |