The Waterbury Democrat., 1931-12-14
Arthur I. Crandall, chairman lAot 1P tho Cta m ford Rha1 Estate

Arthur I. Crandall, chairman elect of the Stamford Real Estate board and e-president-elect of the Connecticut Association of Real Estate boards, represented the Con- necticut association at the presi- dents conference on home building and home ownership and has just returned from a five-day confer ence at Washington.
 MT Crandall reported that the home conference was attended by over 2,500 delegates from every state in the union. These delegates including the leading architects, bankers, realtors, home economists, contractors, builders, life and fire insurance officials, taxation experts and many others from every busi- ness that has to do with the home. from the land to the finished house, it's complete equipment, and home economic factors.
 The conference started last Tues day evening at Constitution hall when President Hoover addressed the convention delegates on the problems of the conference after a speech of welcome by Robert P. Lamont, secretary of commerce. President Tfoover's address was broadcast over the national broad casting chains and was enthusiasts tically received by the delegates at Consultation hall. The president pointed out to the conference the necessity of better homes at re- duced costs and on easier terms to home purchasers. He also dwelt on the unreasonable cost of mortgages and mortgage renewals, particular ly second mortgage financing which the president stated should not be "upon terms and risk comparable to the credit extended by pawn broker". He also briefly reviewed his plan for a system of home loan mortgage re-discount banks and expressed his firm belief that con- eress would approve such @ bill which will be introduced in order to make real estate mortgages more liquid and to promote the building of homes by q huge re- volving fund for the rediscounting of mortgage collateral from banks and recognized mortgage compan- ies.
 During the conference week MT Crandall called upon the senators and congressmen from Connecticut in support of the mortgage bank re-discount system bill, and states that all of those he was able to reach were in favor of the general provisions of the bill. Senator Wallcott of Connecticut is chair man of the senate committee on banking and finance who will re- port the bill. Senator Bingham when interviewed in the office of senate committee on territories of which he is chairman. stated with considerable emphasis. Any bill that passes Senator Wallcott's com mittee and Senator Wallcott will be a good bill"
 A well attended meeting at Con- stitution hall on Friday evening was presided over by Secretary of Commerce Lamont and was ad- dressed by Mrs Jane Deeter Rippin and Secretary of the Interior Ray Lyman Wilbur, who brought per-. eonal message of congratulation and appreciation to the conference from the president. A spontaneous resolution to support the presi- dents proposed home loan bank re-discounting system was enani- mousiy and enthusiastically sup ported by every member present at the conference.
 Thirty-two special committees on various subjects. which were ap- pointed by the president about a years ago. reported and discussed with the conference delegates at thirty-two committee meetings. which were held at the Willard and