Facts & Figures, Jun. 11, 1945

Caution by Commerce. Secretary of Commerce Henry Agard Wallace, who has stood stoutly for 60 million postwar U.S. jobs, last week told the House Committee on Small Business that it would be "unfortunate" if veterans were to attempt to set up more than 500,000 to 700,000 new small businesses. (It has been estimated that between two and three million veterans intend to go into business for them selves, many with Government help.) Said he: "The same precautions should be observed" in making Government-backed loans to servicemen as to civilians.

What he did not say was that an alarming number of...

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