Cost of Adjusted Compensation Provision HR 7959 - 1924
H. R. 7959: An Act to Provide Adjusted Compensation for Veterans of the World War, and for Other Purposes, Calendar No. 420, 68th Congress, 1st Session, dated 19 March 1924. GGA Image ID # 184a93dfd2
After World War I, veterans’ organizations lobbied Congress for extra pay to compensate returned soldiers for differences between military pay and the higher civilian pay during wartime. In 1924 Congress approved the World War Adjusted Compensation Act, known as the Bonus Act, to provide World War I veterans with bonuses. The legislation and the subsequent “Bonus March” on the Capitol in 1932 highlighted the Great Depression’s economic impact on veterans, and the act helped lay the foundation for the G.I. Bill of Rights in 1944.
Letter from A. T. Long to Chairman, Committee on Finance, United States Senate dated 29 March 1924. GGA Image ID # 184aab4ccc
Nav-6-Lo
Addressed to :
Chairman, Committee on Finance, United States Senate.
March 29, 1924
My dear Mr. Chairman:
In compliance with your request, there is enclosed herewith, an estimate of the cost of the Adjusted Compensation for veterans of the World War, for the United States Navy, under the provisions of H. R. 7969, together with the estimate for necessary clerical assistance and contingent expenses.
Sincerely yours,
Signed:
A. T. LONG, Chief of Bureau.
A. E. Watson, By direction.
Page 3 of letter:
Page 3 of Adjusted Compaensation Data, 29 March 1924. GGA Image ID # 1971af77f3
EXPENSES FOR ADMINISTERING CASH PAYMENT
(Bureau of Supplies and Accounts).
Maximum required - $230,000 (*)
(*) will be reduced by $30,000 should it not be necessary to ascertain possible offsets due to clerical errors, or misinterpretation or misapplication of law, which would make inquiries of the General Accounting Office and re-audit of retainer pay accounts in the light of recent decisions a prerequisite to disbursement.
(*) will be further reduced by $100,000 should it not be necessary to recompute retainer pay accounts under the light of recent decisions and certify the result of such computations to the U. S. Veterans' Bureau for consideration in issuing adjusted service certificates.
Page 4 of Adjusted Compaensation Data, 29 March 1924. GGA Image ID # 1971c6a698
Page 5 of Adjusted Compaensation Data, 29 March 1924. GGA Image ID # 197222263b
