THE ECONOMY: Just One Flaw

Nobody worries more in public about the small businessman than Congress, which has four vote-conscious committees looking into his problems. Last week a Senate-House subcommittee headed by Wyoming's publicity-conscious Senator Joseph C. O'Mahoney held out more promises of help. The committee was worried because the number of new businesses established in 1948 was 394,700 while the number of discontinuances was 370,000 and the percentage of failures has been steadily increasing during the last four years. To help small businessmen, and to help start new enterprises, the committee recommended that the Government:...

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