THE FAIR DEAL: Something for the Boys

Harry Truman is no man to let Congress steal his political thunder. Though a Senate-House subcommittee had already made a series of recommendations to help small businessmen (TIME, April 3), the President was apparently determined to show that he was a better friend of small business. Last week, in a special message, he recommended that Congress:

¶ Sponsor federal insurance of bank loans up to $25,000 for small firms.

¶ Set up private companies under federal charter and supervision to furnish risk capital and long-term loans to firms requiring more than $25,000.

¶Increase RFC's lending powers by boosting the maximum loan...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!