Payment of Veterans' Adjusted-service Certificates: Hearings Before the Committee on Finance, United States Senate, Seventy-first Congress, Third Session, Relative to Payment of Veterans' Adjusted-service Certificates. February 18, 1931, Volume 1U.S. Government Printing Office, 1931 - Disabled veterans |
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Page 7
... effect we would have as a loan value in any given year approximately 90 per cent of the reserve of the certificate . I will make that a little clearer as I take up the individual certificate , but of all the certificates now outstanding ...
... effect we would have as a loan value in any given year approximately 90 per cent of the reserve of the certificate . I will make that a little clearer as I take up the individual certificate , but of all the certificates now outstanding ...
Page 8
... effect . Whether the veteran makes a new loan or not , we reduce his interest down to that . So that all veterans borrowing in the eastern district , where the rediscount rate is 2 per cent , we would have a rate of 4 per cent . Senator ...
... effect . Whether the veteran makes a new loan or not , we reduce his interest down to that . So that all veterans borrowing in the eastern district , where the rediscount rate is 2 per cent , we would have a rate of 4 per cent . Senator ...
Page 21
... effect it would be the same as though the Congress increased the bonus by $ 1,670,000,000 . Senator SHORTRIDGE . How much money would it call for ? General HINES . It would cause a disbursement , provided all of the veterans took ...
... effect it would be the same as though the Congress increased the bonus by $ 1,670,000,000 . Senator SHORTRIDGE . How much money would it call for ? General HINES . It would cause a disbursement , provided all of the veterans took ...
Page 22
... effect as increasing the bonus by a large amount . Senator BARKLEY . Let me ask you there in order to get the facts straight in my own mind : You said there were $ 400,000,000 of loans that would be deducted . Is that included in the ...
... effect as increasing the bonus by a large amount . Senator BARKLEY . Let me ask you there in order to get the facts straight in my own mind : You said there were $ 400,000,000 of loans that would be deducted . Is that included in the ...
Page 25
... effect the Barkley , Brookhart , and Cara- way bills are about the same ? General HINES . Yes . Senator COUZENS . Have you the Vandenberg bill ? General HINES . That bill was handed to me this morning . I have not had a chance to work ...
... effect the Barkley , Brookhart , and Cara- way bills are about the same ? General HINES . Yes . Senator COUZENS . Have you the Vandenberg bill ? General HINES . That bill was handed to me this morning . I have not had a chance to work ...
Common terms and phrases
25 per cent additional adjusted compensation act adjusted service certificates adjusted-service certificates administrative amended American Legion average banks basic credit BETTMAN bond market bonus borrow Bureau cash payment cash surrender value cent interest Chairman Congress Congressional Record CONNERY course currency December deducted disabled dollars estimate ex-service expenditures face value financing give going Government securities HINES hospitals immediate cash increase investment issue January KIRBY legislation loan value maturity mean ment month national debt obligation paid Patman present value proposal proposition question refunding relief reported retirement Secretary MELLON Senator BARKLEY Senator BINGHAM Senator CONNALLY Senator COUZENS Senator GEORGE Senator HARRISON Senator LA FOLLETTE Senator REED Senator SHORTRIDGE Senator WALSH Senator WATSON service certificate fund soldiers statement TAYLOR THOMAS of Idaho tion to-day Treasury Department Undersecretary MILLS United Vandenberg bill veterans volume 65 WALSH of Massachusetts WOLMAN World War adjusted
Popular passages
Page 3 - ... collateral security for the prompt payment of this note I have delivered to and do hereby pledge with the holder of this note my Adjusted Service Certificate No. dated , further identified by No. A This note may be sold, discounted, or rediscounted and the certificate pledged herewith may be transferred in accordance with the provisions of the World War Adjusted Compensation Act, as amended. If the principal and interest of this note are not paid at its maturity, any bank holding this note and...
Page 1 - ... notice. (c) The authority of the President to enter into foreign trade agreements under section 1 of this Act shall terminate on the expiration of three years from the date of the enactment of this Act. SEC. 3. Nothing in this Act shall be construed to give any authority to cancel or reduce, in any manner, any of the indebtedness of any foreign country to the United States.
Page 2 - As used in this act (1) the term "migratory waterfowl" means the species enumerated in paragraph (a) of subdivision 1 of article I of the treaty between the United States and Great Britain for the protection of migratory birds concluded August 16, 1916; (2) the term "State...
Page 1 - TO PROVIDE FOR THE IMMEDIATE PAYMENT TO VETERANS OF THE FACE VALUE OF THEIR ADJUSTED-SERVICE CERTIFICATES, FOR CONTROLLED EXPANSION OF THE CURRENCY, AND TO EXTEND THE TIME FOR FILING APPLICATIONS FOR BENEFITS UNDER WORLD WAR ADJUSTED COMPENSATION ACT, AND FOR OTHER PURPOSES MAT 22, 1935.
Page 45 - ... organization, yet Congress has deferred action on this cash payment ; and Whereas this adjusted-compensation certificate does not benefit the veteran greatly unless he is dead, and it is our firm belief that what the ex-service man of to-day needs is immediate cash to help him meet the obligations imposed upon him by his Army service, unemployment, business depression, etc.: Therefore be it Resolved, That the thirty-first national encampment, Veterans of Foreign Wars of the United States, goes...
Page 4 - An Act to prohibit financial transactions with any foreign government in default on its obligations to the United States", approved April 13, 1934 (USC, title 31, sec. 804a), is amended by adding at the end thereof a new section to read as follows: "SEC. 3.
Page 2 - All amounts in the fund shall be available for payment, by the administrator, of adjusted-service certificates upon their maturity or the prior death of the veteran, for payments under section 502 to banks on account of notes of veterans, and for making loans authorized by section 502." SEC. 3. There is authorized to be appropriated such amounts as may be necessary to provide for the making of loans to veterans by the Administrator of Veterans' Affairs under the World War adjusted compensation act,...
Page 87 - ... carried its arms in 1917 and 1918:. Now therefore be it " 'Resolved, by the delegates of the thirteenth annual convention duly assembled, That we again declare and reaffirm as our first and major objective legislation for the further relief of the disabled men and their dependents, widows and orphans and will take definite exception to any interference with or delay in the passage of such legislation; and be it further " ' Resolved, That this convention approves and confirms the action taken...
Page 116 - ... credit shall be computed by allowing the following sums for each day of active service in excess of 60 days, in the military or naval forces of the United States after April 5, 1917, and before July 1, 1919, as shown by the service or other records of the veteran: $1.25 for each day of overseas service and $1 for each day of home service...
Page 3 - Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That notwithstanding the provisions of the World War Adjusted Compensation Act, as amended (USC, 1934 edition, title 38, ch. 11), the adjusted-service certificates issued under the authority of such Act are hereby declared to be immediately payable. Payments on account of such certificates shall be made in the manner hereinafter provided upon application therefor to the Administrator...