Show 7 weekly Week fly news abaly ais U S survey seeks AEX explanation of for dinall all business ailments aileen my y W y in yi map EDITORS NOTE wien opi opinions mois are re expressed in these coluna colu co u na int they arc those ol of the news analyst and not necessarily ol of the newspaper business most of americas OGO small business men nowadays make little profit can raise little capital cannot not widen their markets nor improve their competitive positions whatever the cause the problem is so serious that an even half dozen credit loosening measures are now pending in congress realizing that unscientific action would 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 business enterprises and provide research facilities the earliest step in this direction started last fall when Wyo sen joseph C began surveying U S business development with a 1 appropriation and his so called monopoly committee thus far successful in finding business pulse the OMah oncy committee has been given another to find wrong with wath the pulse announced simultaneously by securities curi ties and exchange commission ao ogg og g 1 xi 4 S L 4 F Z ak N 41 alv I 1 I 1 iz SECS JEROME FRANK funds jacek proberb pr er ep jerome M frank is an SEC sponsored survey tobe conducted with OATa honey funds by chapters of 0 the IL S junor chamber of commerce SEC drench itself with facts on such problems as 1 needs of small business for capital financing 2 sources of capital and various financial channels through which small business may obtain financing 3 factors which prevent small business from obtaining capital while 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 wih be studied fau fall river mass brass a typical new england region where business has been lost via depression and increased competition from other sections denver 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 be to blame since registration requirements for small securities issues were vere liberalized a year ago with no resultant increase in securities borrowing by small business ess starting out without any preconceived ideas investigators will not try to pin responsibility on banks or anyone else until the eight week probe is completed and findings tabulated I 1 relief growing with other anti adminis congressional sentiment has been resentment against relief relict expenditures tures president roosevelt was warned last december that he might expect an investigation this session though economizing legis gators 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 freed to tackle itself a 12 man relief subcommittee committee sub went to work under virginias economizing econom ix 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 lo concern itself chiefly with allo catina funds aimed partly to wipe out huge field organization the bill would also knock frown from president Roosevel ts budget 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 M come from the senate eions committee which is headed by vi vir in n is carter glass and has a cons cival mt majority chief nonpartisan question mark is whether st state ale and municipal relief setups may not handle relief funds so amateurishly as to force an eventual return to closer federal supervision another question maik if congress lupei aises vises relief alica allocations by states will pork ban elling result eul europe ope since memel tell 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 oft 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 norh europe poland is the key nation in britaina Brit ains campaign though russian adherence to a stop hitler bloc is tar far more inore vital to the british c cause but poland will not allow soviet troops to cross her soil which means that russia cannot aid the anti aggression bloc until hitler s wallows swallows more let 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 nei v hosti hostile frontiers if the three baltic states lithuania latvia and esthonia accept hillers Hit lers protection moreover polands bolands Po lands friendship with hungary is threatened because that nation refuses refu sesto to burn her fingers on a stop hitler drive rumania the 0 only aly remaining neighbor has agreed to make the polish rumanian military pact operative against germany as well as russia but rumania is is t too oo 00 far away and too completely under tinder germanys germanas Germ anys economic thumb to offer much help thus polands bolands Po lands fen fence cc estradd ling can be appreciated especially since the mild defensive gestures she has made thus far haye have been enough to make germany threaten to denounce the 1934 nazi polish friendship 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 while france chimed in in with an important trade treaty main french efforts have been aimed at solidification of greece and turkey into an anti italian balkan bloc bargaining was started with turkey to keep open the strategic dardanelles Darda nelles and adriatic Adria fic sea A REECE fifty mile strait of y otranto where italy could fp bottle up outlet to mediterranean if she controlled Al albania banta J hiyi COUNTER MOVE who rio basses the ie mediterranean so that french british i warships could protect rumania in the black sea in exchange france was reported willing to give turkey a squire mile district in Alexan dietta syria but italy replied quickly by threatening seizure of king bogs tiny albania which would give him a key foothold on the balkan penin I 1 sula controlling the narrow strait 1 of otranto see aup P italy could block yugoslavian outlet to the mediterranean a threat which bid fair to explode frances plans at the same time italian 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 oRed the mediterranean recapitulation after three weeks of encirclement diplomacy france and britain have still to catch their biggest and most vital fish russia and have gained halt half hearted military agreements with only three nations turkey poland and rumania in a pinch any of them might collapse miscellany total U S expenditures for the fiscal duars first nine months G 1 35 S cre exceeded ceded income by 0 ninety tive five per cent of the voters in i Eu ropes tiny liny liechtenstein population ula tion 0 have signed a yat batly ly ci u 1 ilci c eca 3 at 31 reject 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