PRESIDENT SIGNS 1.8 BILLION BILL FOR NEW HOUSING; But He Hits Some Features as 'Inconsistent' With Free Enterprise Idea BARUCH FEARS TAX CUT Tells Senate Unit It Would Be 'Folly' -- Consumer Credit Shows Decline PRESIDENT SIGNS HOUSING MEASURE
Eisenhower signs $1.85-billion housing bill; denounces some features as inconsistent with free enterprise concepts; asks corrective legis, message to Cong; objects particularly to requirement for purchases of VA mortgages at par and to Cong failure to raise maximum interest rate to 5%; holds bill will in effect substitute $1 billion of Fed financing for private funds