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Show Senate Approves Funds for Study Of Small Business Without a roll call, the U. S. Senate Tuesday voted funds to continue a research program on problems of small business. The action drew strong approval ap-proval from Senator Frank Moss, who last week urged the Senate to provide $2 million originally programmed for the studies but deleted by the President in the budget requests. As passed, the bill provides for use of a portion of a appropriated appro-priated balance in the Small Business Administration revolving revolv-ing loan fund, rather than making mak-ing a new appropriation. Sen. Moss, a member of the Senate Small Business Committee, Commit-tee, said: "I hope the House will concur in the action of the Senate, and make it possible to continue the important studies, at least until some results are available for analysis by the Congress and the executive branch. "Independent business is the backbone of our economic system sys-tem and a mainsnrine of anv A. CJ self-governing nation. To keep it healthy, we need research to define business problems and measure the effectiveness of the measures we are undertaking. It would be most short-sighted, in my opinion, to cut short this program pro-gram that was conceived and funded as a long term project." The University of Utah College of Business was allocated $40,000 in fiscal 1960 for a two part study it is conducting to measure I the extent to which business makes use of informational aids, and the value of government sponsored financial assistance. In his previous Senate speech Mr. Moss took the administration administra-tion to task for cutting funds, calling it "penny wise and pound foolish to judge against this pro- gram before its contributions to small business can be measured. He told the Senate that the U. Df U. program, under the direction direc-tion of Dean Clyde Randall of the College of Business, and the project director Dr. Osmond L. Harline, was progressing in a manner that would be highly benefical to small business. "A preliminary report indicates that the project is on schedule and is being conducted efficiently efficient-ly and enthusiastically by the faculty and student personnel en-I en-I gaged in the work," Sen. Moss said. |