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...