Show LOAN FUNDS DISCUSSED BY LEGION editor Idi fors s nole alc hie opinions ex expressed ir essed ili in thi his article ardile are ri those thoe of tire he Ante rican le ie jon ind and do not acce harily express the hc opinions of this newspaper paper ipar world war wai 11 II veterans w mill ill lie ile interested in in this sixth ith article at bicle li by morgan post dr 67 ili which they discuss tile the homei commissions contemplated tem teni plated fate of the loin loan amaran kuai in tee features of the G C 1 I bill of rights the llie most successful and biggest ills t 1111 rient for foi good housing ind home ownership owne iship for foi war ai veterans in all a 11 world bild history is is the VA administered and american lerion legion sponsored G 1 I bill of rights A total of i 1 young vetel ans has been enabled to purchase pm chase then their own homes hoines under the loan guaranty Ruai anty provisions pio visions of this farseeing legislation no private or 01 other RO eminent agency can approach appi this record the american Amei ican home ionic is the real icil heart of our oui democracy it is around our oui good homes that out free fice way of life is is built the world wal nai vete geteian ran has demonstrated ili his desire to establish blin himself self as a valuable alu able citizen ile he has also demonstrated rated that lie he is is the lenders len dois best risk when lie he goes his own fireside there have ben been only it 1 poi per cent of d defaults f I 1 a aanons ali If 51 1 11 home loans approved appi 0 oved 4 d b by tile the VA this is is it a proud accord for foi both the veteran and the VA this Is one function of the veterans administration wh which 1 ch should he be certified roi for mint in ili efficiency and in ili vital contribution to american ionic home life but without any lornal logical reason except the over biked worked term of econome eco nomi lionly tile the hoover commission proposes pio poses to disrupt this smoothly functioning VA activity ac tiit and to mess it up like a bull in in a china chim shop the commission would lift the home ionic loan functions function alone out of the hands of the VA and transfer it to another agency of govern anent but with its usual acumen for foi planting booby traps for foi veterans the commission would complicate things hy by leaving the a tion for foi honic ionic loans loafs with the VA with tile the l pleading elo against any messing up of this of VA performance the hoover demands the transfer of tile the boint loan function only annl to the and home financing arency agency but ill in its great wis wisdom dom the commission ignore tile tho existence of 0 f farm faim and business loan im an guar an ties for foi tile the world way wai 11 II veteran under the same G I 1 L bill it would transfer only tile the best thud third or of tile the loan guaranty nty the horne home loan function the coniton ConI jon s failure to make mention nien tion of tile administration of farm faim and business loins joint I 1 IL mains unexplained the american lerion takes a dun dill view of thi failure it suspects with good bo be joker cause there may lay fause in store stoic for foi the veteran becal c e he heie e is too good an for foi additional complications complication s that i 1 to make a further division li vision of vet ct nan loan into till other federal to iaac still moio inore nos new I 1 ls abs and papery 0 k in in tle hol holy name of economy ico nonn that lint tile thi significant it appears commission picks on that pait f tile loan guar Nl minh liell ichord lending ending I 1 11 i 1 I 1 in has tile the best c st defaults Ic faults on oil faun farin loans verav cent and on oil business bubines I 1 nn per pel per pel tent cent against afi ainest 1 IA per int cent i 1 i home ionic loans the to loan all guaranty anty lal i der del tile the G 1 I bill was dewill tie in d treatment t give preferential crans tina this basic objective car can best fulfilled through adamini tia tion by an all arent agent primarily mt int ested in ill the Nv elfare of veteran which is is tile the VA but the H i commission plans to put it undo under which vilich deals aa with a I 1 federal agency eral financial assistance forthe geri rendial population and has no interest beix teix st in veterans vete ians I 1 in I 1 esulto only such a move can I 1 inefficiency de dela ay red lid tape duplication the needless I 1 jur hai and I 1 in anions best ve t e er of the builders uil ders ans the e home |