Show weekly news Aust lysis U S survey seeks explanation for small business ailments BY bly joseph W lit ila atille EDITORS NOTH NOT EWAn whan opinions are it expressed in this these columns they chiy to tf thou those of the jbf news analyst antl yit and nd ool not necessarily ol 01 the A newspaper business most of americas small business men nowadays make little profit can ralso raise little capital cannot widen their markets nor improve their competitive P positions Ions whatever the cause the problem Is so serious that an even halt half dozen credit loosening measures arc now pending in congress realizing that unscientific action would bo be blind staggering harry hopkins revitalized commerce department recently asked amendment of one such measure to direct it particularly to the vital needs of small busl business enterprises and provide research facilities tho the earliest corll cst step in this direction started last fall when byomin Wyo gs sen joseph C began surveying U S business development with a appropriation and his so called monopoly committee thus far successful in finding business pulse the committee has been given another to find what s wrong with the pulse announced simultaneously by so se curit les and exchange commission T ir i r I 1 A 2 SECS JEROME FRANK OAla honey funds fund jaycee proberb pr er jerome M frank Is an SEC sponsored survey to be conducted with funds by chapters of the U S junor chamber of commerce SEC wll drench itself with facts on such problems as 1 needs of small business for capital financing 2 sources of capital and V various financial channels through which small business may obtain financing 3 factors which prevent small business from obtaining capital it while iello jaycee jaycees got their survey underway SEC was already working on a dozen special surveys among them omaha to find problems of local industry in prairie states where business has been affected by droughts birmingham where southern industrial development possibilities will be studied fall river mass a typical new england region where business has been lost via depression and increased competition from other sections denver denvert 1 a typical mountain state section detroit toledo a typical area with high degree of business activity quickly dismissed by mr frank was the possibility that his SEC might bo be to blame since registration requirements for small ties issues were liberalized n year ago with no resultant In increase creaso in securities borrowing by small business starting out without any preconceived ideas investigators will not try to pin responsibility on on banks or anyone else until the eight week probe Is completed and findings tabulated relief growing with other anti adminis congressional sentiment has been resentment against relief expenditures tures president roosevelt was warned last december that he e might expect on an investigation th tills s session though economizing legislators agreed to vote deficiency funds to last until july 1 before tearing apart they lopped off the original deficiency request when the white house asked that the cut be restored rebellion had reached such heights that mr roosevelt was lucky to get of it thus treed freed to tackle itself itself a 12 man relief subcommittee committee sub went to work under virginias Virgi economizing rep clifton A woodrum favorite among suggested remedies offered the eight democrats and four republicans is a measure proposed by mr woodrum himself to turn relief administration over to states and municipalities the U S to concern itself chiefly with allocating funds aimed partly to wipe out huge field organization the blu bill would also knock from president Roosevel ts budget budge it estimate of for relief during the 1939 40 fiscal year if reported favorably and approved by the house mr wood rums arums measure will get a warm welcome from froin the senate eions committee which Is headed by Virgi virginias carter glass and has a conservative majority chief nonpartisan question mark Is whether state and municipal relief setups may not handle relief funds so amateurishly as to force an even return to closer federal supervision another question mark it if congress supervises relief allocations by st states ates will pork barrelling result europe since memel fell to germany Eu ropes four great powers have engaged in unprecedented diplomatic warfare the french british drive Is to encircle italy and germany with arms thus preventing further aggression italo german countermove Is to thwart encirclement so highly perfected Is this warfare that france and england have marked off their sectors of activity london working with poland and russia in the north paris with rumania the balkans and turkey in the south north europe poland Is tho the key nation in britaina Brit ains campaign though russian adherence to a stop hitler bloc is far more vital to the british cause but poland will not allow soviet troops to cross her soil which means that russia cannot aid the anti antl aggression bloc until hitler bitter swallows more territory and reaches dussias Rus sias frontier traditionally a fence poland has signed a mutual defense treaty with england only after making important reservations with a third of her border already facing germany poland gains new hostile frontiers it if the three baltic states lithuania latvia and esthonia Esth onla accept hillers Hit litt lers protection moreover polands bolands Po lands friendship with hungary Is threatened because that na con refuses to burn her fingers on a stop hitler drive rumania the only rem remaining aaning neighbor has agreed to make tho the polish rumanian hilll military pact operative against germany as well as russia but rumania Is too far away and too completely under tinder germanys germanas Germ anys economic thumb to offer much help thus polands bolands Po lands fence straddling can be appreciated especially since the m mild ild defensive gestures she has made thus far have been enough to make germany threaten to denounce the 1934 na nazi zi polish friend ship pact south europe of the balkan states only rumania has received attention from both france and britain the latter nation has offered help in event of german aggression gres sion slon while france chimed in with an important trade treaty main french efforts have been aimed at solidification of greece and turkey into an anti italian atall a n balkan balk 0 n bloc b 1 oc bargaining was started with turkey to keep open the strategic dardanelles Darda nelles and adriani sea A REECE fifty mile strait of otranto Ot rant where italy could bottle up outlet to mediterranean if she controlled albania COVI COUNTER TER MOVE bosses the Nedi mediterranean so that french british warships could protect rumania in the black sea in exchange france was reported willing to give turkey a square mlle mile district in Alex andretta syria but italy replied quickly by threatening seizure of king bogs king bogs tiny albania which would give him a key foothold on the holkan penin sula controlling the narrow strait t of otranto see map italy could block yugoslavian outlet to the mediterranean a threat which bid fair to explode francos frances plans at the some same time italian lind and german troops moved steadily into african libya in anticipation of a drive against tunisia when all was said and done it was questionable whether france still controlled the mediterranean recapitulation after three decla week s of encirclement diplomacy france and britain have still to catch their biggest and most vital elsh it sh russia and have gained halfhearted military agreements with only three nations turkey poland and rumania in a pinch any of them might collapse coulp se miscellany total U S expenditures for the fiscal years first farst nine months 6 bG SG exceeded income by 0 ninety five per cent of the voters jn in Eu ropes tiny liechtenstein population ula tion have signed a privately circulated declaration rejecting union with germany |