THE GOVERNMENT: Drenching

Inability to get capital financing was one complaint that jelled last year at the Small Businessmen's Conference (TIME, Feb. 14, 1938, et seq.). Since then three bills have been introduced in Congress to improve credit lines to small business. Last week Acting SEC Chairman Jerome Frank announced that all three bills would be held in abeyance while SEC and the Junior Chamber of Commerce collaborated in a study of the problem.

Under the direction of a young SEC lawyer named Peter H. ("Handyman") Nehemkis Jr., surveys will be made in 561 towns and...

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