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The Washington Merr LQ ° | Small Business By Drew Pearson White House advisers sat up late trying t3-get a final decision on the President”s ‘small-business mes- sage before he Jeff on bis western trip, A highly . hsm important is- a’ ue was involved with advisers split wide open over it, The issue was whether to promote Government loans io small business fe aa through the Pears RFC, ar to set tp new private: bank? fordagns to smali business. Lined up against RFC loans were Secretary of Commerce Sawyer, Senator O’Mahoney of Wyoming and Federal Reserve Chairmal on “ tsaid, ‘the dog, of course, mad —__. A id Causes ‘Rift | the Communist looking lady and a dog moseylng|soon come over to down the street. A curious passer-|Albanian side. by noted this attention and asked, In France, Italy, Belgium wal ‘Jake, which would you ruther go) 2" n " lout with—the lady or the dog?’ [Other Atiantie Pact countries, the “Well, do you know,” continued[reaction has been most harmful the Vice President, “O’ Jake, hejof all, For some time these coun- I Can tries had experienced a wave of “And that,” concluded the Vice| Neutrality,” which hag now ‘President to the Senate aide, ‘“is)grown to new heights. People in the reason why I'll go out in the|these once: Nazi-occupied ocoun- lobby to see my friend,” tries have argued that they did hot want to get in the middle of Europe va. McCarth another war, would much rather Few people realize how badiy!b@ neutral . That has been one [American foreign policy has been/Teason for opposition to the North undermined by the McCarthy-Com-/tlantie Pact. munist campaign. Here are a| Now, on top of this neutrality few samples of what's happening|¥4v¢ as come the McCarthy abroad: charges of Communists in the In China: The name “McCarthy"|5!ate Department, which to poorly is pronounced exactly as if it were!nformed Europeans means that “MacArthur,” and the impressionithe United States is likely to go has spread that General MacArthur|ever to Russia leaving western was waging a near-revolt against|Zurope out on a mb, always get away from him.’ Tom MeCabe. the State Department. In fact, the Lined up for RFC loans were impression has been created in Stephen Springarn, White House|some parts of the Far East, where assistant, and Senator Taft, who,'the public is not well informed, as ranking GOP member of thelihat the United States ig meat Joint Committee on the Economic revoit. - 2Report, was consulied, In Albania: The Communist Both sides, however, agreed on’government, after long pressure what's happening to small busi-'from the West, was expected to ness. It’s can't borrow long-term|do a Tito. But it hasn't. And a tisk capital. partial reason has been Soviet Small business can get plenty|propaganda that the State Depart- ef short-term money from com-|ment was full of Communists— mercial banks, but not 10-and 12-/"an American Senator saya so"— year money. Furthermore it can't and that the United States would borrow from most insurance com-|_ qd Atlantic Therefore, it’s not difficult to understand why neutrality sentt- ment and opposition to the North pact than ever. Report to Senate Prior to his departure for E rope, Secretary of State Acheson told the Senate Forelgn Relations Committee behind closed doors that the United States is prepared to fight rather than retreat from Berlin. Copyright, 1868, The hes as mae <rovwn sroWwn more Belt Syndicate Ine, panies, which frown on speculative ventures and also want to deal in large amounts. In addition, the private capitalists of the old days pre gone, and the invest- ment bankers won't undertake to float stocks or bonds unless the issue runs into several millions. To remedy this, it was proposed to put the RFC in the Commerce Department and let it specialize on loans to small business, How- ever, Secretary of Commerce Saw- yer, Senator O'Mahoney and ‘others felt that Government should ‘mot subsidize business: also should inot be in the position of having ‘fe and death loan powers over bualivens, Vaeveture a plan was worked ‘Qui ee aote Chalmmaa Tom Mo Wee af the Pelerel Reserve Bore ‘Wwheredy private Banke could be set lon, with the backing of Federal Reserve Government money, money to amall business. at was admitted tha *paalnona” ne for he express purpose of lending: that this plen Heated, but in would be more comp than lege in, would ’be belt ’ wmentlonnst femal washed Gap tomsenedonns total } r nt . ae ‘ A ‘ “ 40 * 4-26 Tolson “a Clegg Glavi Nichole - Rosen . Tracy ‘i , Harb < rl yr ° ‘ Belmont’ _ a we “a Mobr ff" Tele. Room__ Nease Gandy, MS “\ ’ a - “oy Page Times-Herald ___. Wash. Post 153 Hmnep. Pee fere Woh, var H.Y. Mirrer —— ——_—_