THE PRESIDENCY: The Hoover Week: Oct. 6, 1930

"It is easier to borrow 85 percent on an automobile and repay it on the instalment plan than to buy a home on that basis. . . . The whole process of purchase and finance involves a ceremony like a treaty between governments."

So declared President Hoover last week to members of his Home Building & Home Ownership Conference as he officially started them on a survey of the National Housing situation. The President's chief aim: easier credit for home purchasers. ┬ÂTo the White House with many another oldster learning to read...

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