SMALL BUSINESS: Works Like Magic

The New York State Board of Education gravely ruled last week that educational allotments under the G.I. Bill of Rights could be spent for courses in "social dancing" ($5 an hour) at Arthur Murray's Manhattan studios.

Arthur Murray will welcome G.I.s, but they will be only a minor item in the ambitious expansion program with which he hopes to dance into the ranks of Big Business. He has incorporated his $12,000,000-a-year enterprise, is readying a $10,000,000 public stock issue to raise capital to open 50 new studios in the U.S. and abroad.


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