HEARINGS

BEFORE A

SUBCOMMITTEE OF THE

COMMITTEE ON BANKING AND CURRENCY
UNITED STATES SENATE

EIGHTY-SIXTH CONGRESS

FIRST SESSION

ON

VARIOUS BILLS TO AMEND THE SMALL BUSINESS
ACT OF 1953 AND THE SMALL BUSINESS

INVESTMENT ACT OF 1959

43183

JUNE 22, 29, 30, JULY 1, 7, 20, 21, AND 22, 1959

Printed for the use of the Committee on Banking and Currency

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1959

Andersen, Kenneth, executive vice president, Scientific Apparatus

Makers Association, Chicago, Ill...

Baird, J. Kenneth, General Counsel, Dittmore-Freimuth Corp., Mil-
waukee, Wis..

Barnes, Wendell B., Administrator; Duncan H. Read, Deputy Ad-

ministrator, Investment Division; Philip McCallum, General Coun-

sel; Keith Hanna, Controller; and John Barber, Assistant Chief,

Budget and Reports Division, Small Business Administration___

Barron, Paul A., Director, Procurement and Business Services Divi-

sion, and Robert T. Daly, Assistant Commissioner for Purchase and

Stores, Federal Supply Service, General Services Administration___

Brann, Paul W., director, Mississippi Industrial Research Center,

Jackson, Miss...

Cahn, Bernard D., attorney and financial consultant, New York City,

and member, National Council of Consultants, Small Business Ad-

ministration..

Calder, Stephen A., vice president, and Charles M. Noone, secretary

and general counsel, National Association of Small Business In-

vestment Companies; and Charles Netter, attorney, Southeast In-

vestment Co. of Florida...

Coffin, Frank M., a Representative in Congress from the State of

Maine

Dilworth, Richardson, mayor of Philadelphia, on behalf of the Ameri-

can Municipal Association....

Duncan, Andrew W., Director for Small Business Policy, Office of the

Secretary of Defense; Harry R. Van Cleve, Office of the General

Counsel; and Leonard Etheredge, Office of Director for Procurement

Policy, Office of Assistant Secretary of Defense for Supply and Lo-

gistics, Department of Defense.

Engle, Morris, National Licensed Beverage Association, and James
O'Donnell of Counsel...

449

369

31

334

421

263

151

440

329

341

285

Evins, Joe L., a Representative in Congress from the State of Ten-

nessee.

359

Fisher, Stanley M., General Counsel, Small Business Investment Co.
of Ohio, Cleveland, Ohio.

202

Fraser, Hugh W., Jr., president, The Citizens & Southern Small
Business Investment Co., Atlanta, Ga...

138

Graham, Thomas, and Tyrus H. Davis, Southern Small Business In-
vestment Co., Louisville, Ky....

213

Hart, Philip A., a U.S. Senator from the State of Michigan_

Hume, William G., assistant president, National Wire Products Corp.,

Baltimore, Md..

391

385

Jacobson, Nathan S., chairman of the board, and Jerome Goldfein,
president, United Small Business Investment Corp., Baltimore, Md.

191