In the biggest boom in U.S. history, there has been persistent worry (some of it real, some purely political) about the small businessman. Last week the U.S. Government's Small Business Administration brought out a fat (200 pages) report that eased the genuine concern and flatly contradicted some of the political talk. The facts: small businessmen* have indeed lagged behind big industry in the boom, but they are catching up fast.

In his semiannual report to the President and Congress, SBAdministrator Wendell B. Barnes pointed out that earnings of small corporations in the year ending with 1955's third quarter jumped to...

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