Show weekly news analysis U 7 so survey seeks explanation for small lynall business ailments by joseph IV lit la nine bine EDITORS KOTE when opinion opia toas s 1 are expressed sa in these columns co lumus they are those of the news analyst sod and not necessarily of the newspaper business most of americas small business men nowadays make little pro profit fit can raise little capital cannot widen their markets nor improve their competitive positions whatever the cause the problem is so serious that an even halt half dozen credit loosening measures are now pe pending in congress realizing that unscientific action would be blind staggering harry hopkins revitalized commerce department recently asked amendment ofton oti one 0 suc such it measure to direct it particularly to the vital needs ot of small business enterprises and provide research facilities the earliest step in this direction started last fall when Wyom Wyo lags sen joseph C OMah OMa hency oncy began surveying IT 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 wrong with the pulse ann bounced simultaneously by sei curit les and exchange commiss on ha ts tw n I 1 pa J sal F K N SECS JEROME FRANK funds jaycee pr probart crt er jerome tl LT frank is an SEC sponsored survey to be conducted with funds by chapters of the U S junor chamber ot 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 var various lous financial channels through which small business may obtain financing 3 factors which prevent small business from obtaining capital while jaycees Jaye ees got their survey underway SEC was already working on a dozen special surveys among ong 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 a typical mountain state section detroit toledo a typical I 1 ica I 1 area with alg high gh 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 liberalized a year ago with no resultant increase indrea in securities borrowing by small email business 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 relief growing with other antl anti adminis congressional sentiment has been resentment against relief expenditures tures president roosevelt was warned last december that he might expect an investigation this session though cc economizing ono mizing legislators agreed to vote deficiency fun ds to last until july 1 before tearing apart they lopped oft off the original deficiency delici ency request when the white while house asked that the cut be restored rebellion had reached such heights that mr roosevelt was lucky to get gat ot of it thus us treed freed to tackle itself a 12 man relief subcommittee committee sub went to work un der virginias economizing rep clifton A woodrum favorite among suggested remedies off ered the eight democrats and tour four republicans is a measure pro posed ased by mr woodrum himself to tc turn relief relict administration over to tc states and municipalities the U S to concern itself chiefly with allo eating cating funds aimed partly to wipe ou out t huge field organization the he bill would also knock from president yit Roosevel ts budeca bu dge t estimate of Sl tor for relies during the fiscal year if reported favorably and ap proved by the house mr wood rums arums measure will get a warm wel come truro the senate eions committee which Is headed by 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 eventual return lo 10 to closer federal supervision another question mark m ark it if congress supe supervises raises relief relict allocations by states will pork barrelling result europe since memel fell to germany Eu ropes tour 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 halo 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 R in the north paris with rumania Bu mania the balkans and turkey in the south north europe poland is the key nation in britaina Brit ains campa campaign though russian adherence to a sto 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 aggression bloc until hitler swallows more territory and reaches dussias Rus sias frontier traditionally a fence poland has signed a mutual defense treaty with england E only after r making important reservations with a third of her border already facing germany poland gains new hostile frontiers if the three baltic states lithuania latvia and Esth esthonia onla accept hillers Hit lers protection krotec protection tion moreover Po lands friendship with hungary is threatened because that nation refuses to burn her fing fingers on a stop hitler drive rumania the only remaining neighbor has ag agreed reed to make the polish rumanian military pact operative against germany as well as russia but rumania Is too far away and too completely p tely under germanys germanas Germ anys economic thumb to offer much help thus polands bolands Po lands fence straddling can be appreciated especially since the mild defensive gestures she has made thus tar far have been enough to make germany threaten to denounce the 1934 nazi polish friendship pact south europe of 01 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 with an important trade treaty main french efforts effort have been aimed at solidification of Jug yugoslav la greece and turkey int into 0 an anti italian balkan balka n bloc bargaining was started with turkey to keep open the stra strategic begic dardanelles Darda nelles and JUG 0 S L AVIA A i a sea ta 1 IAL REECE rreece r 01 otranto w here italy could bottle up vias outlet to mediterranean if she controlled albania COUNTER MOVE E who bosses the mediterranean so that french british warships could protect rumania in 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 tiny albania which would give him a key foothold on the balkan p peninsula controlling the narrow strait of otranto see neaph map italy could block yugoslavian outlet to t 0 the mediterranean a threat which bid via fair to explode frances plans at the im 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 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 halfhearted 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 years first nine months ta S exceeded income by 0 ninety five per cent of the voters in Eu ropes tiny liechtenstein population ula tion have signed a privately circus circulated abed declaration rejecting union with germany |