New Britain Herald Newspaper, December 21, 1926, Page 15

VETS HAVE FUNDS 10 FACE FUTURE Adjosted Compensation Certifi- cates Valued at $3,037,261 War veterans of Connecticut will be able to call on the banks and trust companies for a total of $3, 2 to help pay their Chri they so desire,—and if the ban willing—after New Year's Da This amount represents the gate loan value of adj tion certificates, or bonuses” held dents ‘of Connecticut who served in the armed forces of the United States during the late European un- ntness. he banks of the count r, are looking a little askance at this proposition. Indication e that they will be unwilling to handle any more of the loans on than is absolutely compu Banked by the Treasury of United States, the bonus certificat represent as good security as Gov- ernment bonds, but the security indefinite, and if the veteran per- sists in remaining alive and healthy. run for a maximum term of vears from January 1, 1425. They may be sold, transferred or red counted under regulations just sued by the U. S. Veterans' Bur but in one form or another they w represent just so ch frozen c The cost of the routine nece: making the loans Is high. D reports and transfers must he and the money will be a long outstanding in most cz 5y be particularly hard on (hr banks. , The bankers al. complain that the regulations issued for the mak ing of these loans are hazy. Bankers organizations took up the matter thrce months ago with th asury Department, which passed them on to the War Department, and the lat- ter in turn referred them to the Vet- erans’ Burean. Now, just a few days before the loan provisions go into , the bank: 1 claim that ack adequate information on procedure involved in making the 1o 0-call- how- made, time is will smaller see in the loan provisions too many opportunities to be “done.” It is possible that a cer- tificate may be brought in ty for a loan when it al Dbeen red, or plec full value. « With such assignm on record in the Veter E the > will be paid the in- surance in the event of the death of the veteran, and the banks will have a hard time in coilecting. Th still remember the “rough deal’ got in the casc of the Liberty 1 bonds. Loaning money on the value of the bonds, they wert to collect only on the ma and many losses when the mark was, down shortly 1t is probable that the bar endeavor to d > borrowing on adjusted comp on certifi Ly making loans only to customers or recommended by custome by communicating with the Veterans' Bureau in cach caso to ascertain the status of the compensation certifi- cate. The loan value of these adjusted compensation certificates has been fixed by law as of January 1, 1927, and it Is provided that they should | be accepted by company as security for loans made in the usual fol While not all of the veterans who hold adjusted compensation certificates will be seeking financial aid dfter the first of the year, still the banks are an- ticipating a heavy demand. Under the law, the banks will not be permitted to charge more for these loans than two per cent above the prevailing rediscount rate main- tained by the Federal Reserve Bank This means that in the P nt instance, the loans will prob- ably be made round six per cent The 3,048, service men of the United States who were issued ad- justed compensation certific: ol- lowing the dispbsition by Congress of th Idier honus” question by the provision for granting of Gov- ernment insurance to veterans, hold certificatos with an aggregate matur- ity value of §3,13 The loan value of these certif op the st of next y ill total $216,66 and thousands of World W ns undoubtedly will endeavor to take advantage of the provisions of the law which allow them after Janu: 1 to gather in a little im- mediate cash to help meet the heavy expenses of the holiday season. The law provides that two years after the date of issuance of the cer- tificates they will have a fixed loan value of 8 its on the dollar, t of the certifi- of January 1, and therefore may be used as scurity for loans at the banks on January 1, 1927. During the year the loan value will increase to a to- tal of § 5 , or well over a quarter of a billion dollars for the certificates of all the veterans of the country. The loan value is stepped up each yeal nd in 1929 it will be and 1930, $482,048,650. Thousands of ex-service men do not understand the loan provisions of the adjusted compensation certifi- the Veterans' Bureau. ny believe they can plank them down for whatever cash value is in- dicated on the face. As a matter of fact, the “cash value"” represents the value as sc nd regular form of note must be necgotiated at the bank. LEGIONKAIRES' BANQUET State Commander Jackson to Leave Office New Year's Night—Head- quarters Transferred to Hartford State, Commander Harry C. Jack- son of the American Legion will go out of office New Years' night at the Hotel Garde, Hartford, at which time a testimonial banquet will be tendered by Legionnaires from all over the state. Kenneth Cramer will be sworn in as state commander and he will swear in the rest of his of- ficial family. His first act will be rters of the to Hart- dy-Glover 2 to accommodats of local Legionnaires t that Commander up affairs of state ion {mm New Haven ford officials of E: post are pla Cyclone collars,” in the shape of cas proofed rooms and shelters for Londoners in event of war, introduced under plans of the air ministry. 5 MOTHER faces this? You can rest assured that HER C]]l'istlfias will be “Merrie” if you give her the wonderful new Hoover. Why the Hoover? as any Don’t be deceived by the ¢ “very much like the Hoover” GIVE HER THE HOOVER YOU GIVE HER THE BEST. HOOVE Powerful and durable hall hearing § motor. Requires no oiling. Ball bearing, cleaning brush. Hoover feature. Because it is twice as efficient “vacuum cleaner.” a]most as good,” or the cleaners. And ‘R FEATURES motor driven, self- This is a patented An agitator that makes the Hoover an electric carpet beater; thereby :mthu.mnq all previous methods of cleaning. One Small Payment and the Hoover is Hews for Christmas. SPRING &ffiéuc; KLEY ELECTRIC CO. 75-T7- 9-81 CHDRCH STREET TEL. 2240 any bank or trust! may he ! NEW BRITAIN DAILY HERALD, TUESDAY, DECEMBER 21, 1926. FLASHES OF LIFE: THREE WOMEN CLAIM BODY OF MAN WITH $9,000 ™ e The Associated Press | New York—High white hoots are the latest Yvonne Printemps wore them all the way from Paris. She's here with her husband Sacha Gui- try, playwright. Married seven years ago they are still on their honey- moon. In his opinion a man who really loves his wife loves her alone. — i Carmell, N. Y.—Nine one-thou- | nd dollar bills are sought by Put- ham county and three women. They were found on a bootlegger when he was killed in an automobile crash The county thinks trere are no heirs The women claim him as their hus- bhand. golden. pects. Tucson, the heard of Bwana to cover. Mr. and Mr Stuyvestant F ew York—A golden voice of the ries now has full recognition Ariz.— Rincon Any lions loose counfains must After and Fairman Di s © returned without trophies. i They did mot even see a lion. ow York—Prince Christopher of Greece is here as a private citizen and will remain so, he says. Mot at the pier by Pringess Xenia of Rus , he insisted his visit has no bear- & on rumors of a rift between her and her husband, William B. Leeds Washington—It turns out t Lucy Stoners can have copyrights if in their applications they simply give the reasons for the use of maiden names. New York—Nathalia Crane, child poet, would willingly copyright her hooks under her husband’s name if lie should be a man like John Paul | Jones, about whom she is now writ- | ing a poem. | Washington—A young man near- er college age is now to keep an eye on John (nnmm at Amherst. After ; . Wood will relieve who 15 severe | Starling, king the New England winter. New chubby the made in th than 1,000,000 are blondes. Cambri science, Dr, the from cancer contracted in its use London—In order ts to the world’s tallest young | operator nobleman many English and Scotch | Tiolland for | undetermined ca { respec| relatives Christmas. will be of age of Scotland, but lives where an exil ed Bristol—American Trust er blonde; favori of , Mass.—A martyr use of the X is de New York—Santa loves the Irish. More postal money ovders are heing sent to Ircland than any other coun- try. to pay will be in Lord Reay, then. 6 feet 91% ancestor settled. Voluntarily the Metroploli- tan Opera has given Marion Talley 2 new contract based on last ye $100,000 drawing power and pro: The amount is not diselosed, but her fee for one concert is §3, and up. r's | in have Tumbo and taken | a two weeks hunt Archic Roosevelt, Mrs. | York—Slim brunnettes are this year loss to Koch, pioneer el their | He is a peer | ds ational bank in- ar's divid and Dristol s Y cent New Haven—R. H. C. son H. Kerans and Robe , conneeted with the ba ment brokerage firm of and company, are bound ove erior court in connection with al- d swindling operations said involve $200,000. to Windsor—Collision between truck trol brok \inor . coercing clerk with pistol, y—TFred Clauss, address does not relationship to Santa Cla rested charge of evac sibility after striking man on rand pupils can 1 esteem ents board of education ru lariford—Republican state cen- ommittee expended $50,586.77 1026 campaign report of rer Roraback shows. Hartford—William J. K of an electrical tatiooing <hop, found dead in his room from i1sc. Stratford—Second victim of Sun- a Nicola Mucherino, who espi n injurles Paul Frigario to hospital, dies from company | burns. = A Sale of Mechanical Toys Beginning Wednesday Morning at 8 o’Clock A COMPLETE SELL OUT OF HJERPE'S TOY DEPARTMENT { 1-2 PRICE AT LESS THAN COST AS LOW AS 15 CENTS AS HIGH AS $1.25 Regularly Sold as High as $2.50 HUNDREDS OF NOVEL CREATIONS Shooting Gallery with Gun and Moving Targets Automatic Steam Shovel Dancing Minstrel — Piarc Playing Minstrel Prize Fighters in Action The Kicking Football Player Jumping Lions and Tigers The Animal Trainer and His Trained Pets The Airplane Racers Fire Engines Tinker Toys Balloon Ball Painting Sets Sets of Dishes Locomotives — Freight Cars Taxi Cabs — Delivery Trucks Vacuum Cleaners in Miniature Hand Craft Toys Games — Puzzles All at %, Price at 8 A. M. Wednesday Until the Last Toy is Sold Regular Prices are on the Tags You Make Your Own Reductions 73 Arch St Tel. 106 “Hardware Meant for Hardwear” drove friend, | to 14 ver Community Tree Fund Is Exceeded by $85.50 The Community Tree fund has been exceeded, according to an announcement today made by the Chamber of Commerce, foll ing a meeting of the committee last Christmas |evening. The public contributions | | totalled §435.50, including $75 year- ly income from the will of the late Mrs Traut. This sum added to-the 50 to be received from the city will bring the total to $585.50, or $85.50 more than the budget called for. oriignal | The Christmas trees have beem placed on the varfous parks, the large tree In the center is being erected today and all will be trim- med and illuminated by tomorrow evening. | READ HERALD CLASSIFIED ADS Plain Ralsin Marble Pound Cake Ib. 20c. Just Bafore Christmas Specials BUY EARLY. MANY OF T HESE SUGGESTIO NS WILL BIG FEAST. HELP YOU PREPARE FOR THE VE HAVE THE FlNEST LOT OF TURKEYS DUCKS, GEESE, CHICKE NS, FOWL, ETC. WATCH FOR OUR PRICES IN A LATER ISSUE O THIS I‘\I’I R. Nuts 2 Ibs. ... 45c. \ W L. \YI R 1IGS ORANGE OR LIIMON PE FANCY NEW CITRON . XMAS RIBBON Candy FRESH ASSORTED Chocolates 5[b box $l 49 Z Doz. .. 49¢c. SUNKIST Oranges ( LARGE | | .. bunch 20c. SOUND HEAVY Grapefruit 4 for 25c. 14 ROUND AND LOIN STEAKS LF 1 CHUCK ROAS LEGS OF YOU) RUMP ROASTS VEAL CHOICE VEAL CHOPS IT 1S W LARGE BALDWIN Apples qt. bas. 65¢. | Qt. ..... FRESH OR SMOKED SHOULDERS ALL DAY SPECIALS . Ih, . Ih, - Ib. . 1In, 16c. 0c. 18¢. CoD Cranberries YEARLING LAMB LEG! OF LAMB .. Y an 3 CHOP! SOUND YELLOW Oni ons 10c.| 4 Ibs. 12¢c. BEST NO. 1 MAINE POTATOES Peck .......47c. 36c. 1b. 25c. « 1b. 24c. 1b, 35¢. . Ih. 25¢c. GRAHAM BREAD HEAT PRODUOT. SOLD RIGHT. . SAME AS OUR W nmr HEAT BREAD S. [ TULL POUND LOAT . w l.xnl 29¢. " Best Pure T em-Nut CREAMERY Butter A SPECIALTY WITH US. A WHOLE MADE RIGHT AND Margarine 2 Ibs. Bulk nTm-e Meat 50, 2 Ibs. 33c. Queen Olives Pint 22c. Fine Granulated Sugar 5 Ibs. 35c. John Alden Flour Bag $1.20 HLY BAKED FIG BA N APORAT) MOHICAN DINNER BLEND COFE RED BUTTERFLY TE PUMPK ‘l()l"l AN MINCE D MILK .. 3 MEAT .... . Ib, PUR BELL'S POULTRY SEASONING N. B. C. ANIMAL CRACKERS RED CURRA ASPARAGUS TIPS JELLY Alling Rubber Co. 240 Main Street A FEW CHRISTMAS SUGGESTIONS RADIOS — Atwater Kent and Radiola SPORTING GOODS Skates, Skis, Footballs, Basketballs, Boxing Gloves, Striking Bags, Golf Supplies, Ete. Auto Accessories—Road Lights, Raincoats and Hats Boots, Arctics, Rubbers, H. 0. \V. Sweaters, Gloves and Mittens Stoplights, Cigar Light+ ers, Chase Auto Robes, Windshield Wipers SPECIAL GIFT SUGGESTIONS BOOTS — SKATES — ARCTICS — RAINCOATS GIROUX SLIPPERS — GLOVES — SWEATERS TRAVELLING BAGS — SUIT CASES — HAT BOXES SPORTING GOODS SEIBERLING TIRES AND TUBES McKAY TIRE CHAINS