OCR Text |
Show Bonus Estimate too Low Washington, The bonus estimate that its soldier bonus bill will cost $2,119,000,000 is "much too low," Chairman Smoot, Utah, of the sen. ate finance committee declared. Mr. Smoot said that the similar paid up life insurance bonus plan he has proposed pro-posed would cost at least $4,600,000,-000. $4,600,000,-000. He has modified his proposal, which called for insurance policies valued on the 4 per cent interest, to make the rate 4 per cent as pro-Tided pro-Tided by the house. This change would cut down the cost about $300,-000,000. |