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Show NEED OF RISK CAPITAL SEEN America needs an old-fashioned crusade for the cause of private pri-vate capital," Emil Schram, Indiana-born president of the New York Stock Exchange, declared recently. Such a campaign, he said, should be designed to "choke off any need for government spending, including includ-ing subsidies, except for the ordinary ordi-nary conduct of business of the government and military purposes." pur-poses." The country needs 'risk capital capital in the hands of the daring dar-ing who are willing to seek out opportunities," Mr. Schram emphasized. |