Show EASIER MONEY RATE PROPOSED Roosevelt Says Move l Would Aid Recovery WASHINGTON Nov No 13 UP UP- UP President Roosevelt feels that easy money rates should apply to real estate estate es- es tate ate and securities as well wen as commercial commercial com corn mercial paper in order to promote definite recover recovery he said today Mr Roosevelt presented his views when asked to comment on advices to to o the American Bankers' Bankers association association association tion that recovery recovery was becoming more and sand more more concrete I Mr R RO Roosevelt sevelt velt said the proper proper Interest In- In terest rate on rca real estate loans should be below 6 per cent He added that hat efforts were being made to obain obtain ob- ob tam ain tain uniform rates all over the countr coun coun- tr try He admitted however conditions In certain sections were not as well wen stabilized as others He said pirate pirate pi rate rates rates' in certain sections had been seen practically eliminated He Hc said that hat in Georgia for example previously previously previously pre pre- it had been almost impossible ble to borrow on on farm land at even 8 and 10 per cent While citing the present status of if bank portfolios and deposits as Indicating conditions leading to toward toward toward to- to ward recovery Mr Roosevelt warned that u unintelligent use of these assets might slow rather than speed the process of recovery |