A RESOLUTION CREATING A SELECT COMMITTEE TO PART I MAY 11, 12, AND 13, 1959 Printed for the use of the Select Committee on Small Business 41487 UNITED STATES WASHINGTON: 1959 A 5! 195 CONTENTS Davis, Tyrus, Louisville, Ky.. Farnum, Ralph, Acting Director, Investment Division, Small Business Fraser, Hugh W., Jr., president, the Citizens and Southern Small Barnes, Wendell B., Administrator, Small Business Administra- Barber, John H., Assistant Budget Officer, Small Business Adminis- Kelly, Albert, Deputy Administrator for Financial Assistance, Small 142, 157 Kinne, Richard M., industrial director, Missouri Division of Resources and Development, Jefferson City, Mo... Levin, Joseph B., Assistant General Counsel, Securities and Exchange Lilly, Gary E., secretary-treasurer, Cars, Inc., Des Moines, Iowa... Noone, Charles, general counsel, National Association of Small Business Investment Companies-- Read, Duncan H., Deputy Administrator, Small Business Admin- Ruvelson, Alan K., president, First Midwest Small Business Invest- White, Wilford L., Director of Office of Management and Research III Business loan applications received, processed, and pending, chart_- Distribution of SBA management publications, chart.. Disaster loan applications received, processed, and pending, chart--- Distribution of income and expense between business and disaster loan programs. 197 Licensed small business investment companies (through May 11, Loans sold or otherwise disposed of to private institutions. Percentages of business loans approved-by type, chart Prepared statements submitted: Brinkman, Harry E., president, National Small Business Men's Kinne, Richard M., industrial director, Missouri Division of 215 Read, Duncan H., Deputy Administrator, Small Business Admin- 140 White, Wilford L., Director of Office of Management and Re- Regulations governing grants for small business research pursuant to ORGANIZATION AND OPERATION OF THE SMALL BUSINESS ADMINISTRATION MONDAY, MAY 11, 1959 HOUSE OF REPRESENTATIVES, SELECT COMMITTEE TO CONDUCT A STUDY AND INVESTIGATION OF THE PROBLEMS OF SMALL BUSINESS, Washington, D.C. The subcommittee met, pursuant to call, at 10: 08 a.m., in room 304, House Office Building, Hon. Joe L. Evins (chairman of the subcommittee) presiding. Present: Representatives Evins, Brown of Missouri, Moore, and Avery. Also present: Everette MacIntyre, general counsel of the committee; Richard L. Mitchell, counsel for subcommittee; Jane M. Deem, administrative assistant, and Victor P. Dalmas, adviser to the minority members. Mr. EVINS. Gentlemen, the committee will come to order. We are glad to welcome our friends here from the Small Business Administration. We may have some other members of the committee with us as we proceed. One of the difficulties we are often confronted with is finding the opportune time to suit everyone on these various mat ters. We expect to hold hearings for some 3 days. We had hoped to go through the day but an important appropriation bill is scheduled on the floor this afternoon and we will only be able to continue this hearing until noon today. I should like to make a brief statement in regard to our hearings. I know that the members of the committee and the members of the Small Business Administration are familiar with the policy, but for the members of the press and others I will make this statement. As we open our hearings this morning we are very glad to welcome the Administrator and staff of the Small Business Administration. They have come here on the invitation of the subcommittee for the purpose of reviewing with us the operations and activities of their agency. We are also pleased to welcome the other witnesses who will appear and others interested in the vitality and well being of our small business economy. This subcommittee deems it its duty to assist and aid the SBA in its endeavor to implement the Small Business Act and the Small Business Investment Act of 1958 in such a way as to be of the greatest benefit to the small business economy of the Nation and to the Nation as a whole. 1 |