HOUSING: Slum Loans

Herbert Hoover, raised in the country, is a champion of the small home owner. His committees and conferences and finally the Home Loan Bank system have all been designed to preserve the independence of millions of little bourgeois kings in their little bourgeois castles. Herbert Hoover believes that, besides helping business, protecting and promoting the small home is good for the individualistic integrity of the citizens, for the soul of the nation.

Before the Hoover Administration began to get actively exercised about the Depression, New York's Senator Robert F. Wagner introduced, among...

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