Conversion of Small Business Enterprises to War Production: Hearings Before the Committee on Banking and Currency, House of Representatives, Seventy-seventh Congress, Second Session, on S. 2250 and H.R. 6975, a Bill to Mobilize the Productive Facilities of Small Business in the Interests of Successful Prosecution of the War, and for Other Purposes, April 27, 28, 29, and 30; and May 1, 6, 7, and 8, 1942U.S. Government Printing Office, 1942 - 250 pages |
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ACKERSON agencies amendment Army and Navy authority Banking and Currency bill business enterprises capacity and credit capital Chairman CLAYTON commercial banks committee Congress Contract Distribution contractor CRAWFORD defense Defense Plant Corporation DEWEY duction effort engaged equipment facilities Federal Reserve bank Federal Reserve System financing institution fiscal agents Floyd Odlum FORD funds give going Government guarantee industry KEAN KENNEY loan machine machinery Major SMITH March 26 Maritime Commission materials ment Miss SUMNER NASH Navy Department necessary NELSON operations participate PATMAN Plants Corporation President prime contract Procurement Division procurement officers Production Board productive capacity purchase purpose question Reconstruction Finance Corporation require ROLPH Secretary Senator MURRAY small business concerns small concerns small manufacturer small plants Smaller War Plants SPENCE statement subcontracts things tion United War Department War Production Board Washington WILLIAMS WOLCOTT
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Page 12 - President for the protection of the interests of the government, to enter into contracts and into amendments or modifications of contracts heretofore or hereafter made and to make advance progress and other payments thereon, without regard to the provisions of law relating to the making, performance, amendment, or modification of contracts...
Page 69 - Act, as amended, is amended — ( 1 ) by striking out the period at the end of "paragraph (5) "and inserting in lieu thereof "; and"; and (2) by adding after paragraph (5) a new paragraph as follows: "(6) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to assist...
Page 10 - States, it is hereby ordered as follows: 1. There is hereby established in the Office for Emergency Management of the Executive Office of the President the Office of Alien Property Custodian, at the head of which shall be an Alien Property Custodian appointed by the President.
Page 81 - Now THEREFORE, By virtue of the authority vested in me as President of the United States, and Commander in Chief of the Army and Navy...
Page 70 - To arrange for the performance of such contracts by negotiating or otherwise letting subcontracts to small-business concerns or others for the manufacture, supply, or assembly of such articles, equipment, supplies, or materials, or parts thereof, or servicing or processing in connection therewith, or such management services as may be necessary to enable the Administration to perform such contracts.
Page 69 - SEC. 7. (a) The Administration is empowered to make loans to enable small-business concerns to finance plant construction, conversion, or expansion, including the acquisition of land; or to finance the acquisition of equipment, facilities, machinery, supplies, or materials; or to supply such concerns with working capital to be used in the manufacture of articles, equipment, supplies, or materials for war, defense, or civilian production or as may be necessary to insure a well-balanced national economy...
Page 29 - ... has been certified by or under the authority of the Administration to be a competent Government contractor with respect to capacity and credit...
Page 89 - Each Federal Reserve Bank should arrange such financing, where practicable, without any guarantee or loan or participation therein by the War Department, the Navy Department or the Maritime Commission, through commercial banks whether or not members of the Federal Reserve System or other financing institutions, or through the Federal Reserve Bank under the provisions of section 13b of the Federal Reserve Act. Where this is not feasible, guarantees by the War Department, Navy Department or Maritime...
Page 10 - Determine the policies, plans, procedures, and methods of the several Federal departments, establishments, and agencies in respect to war procurement and production...
Page 135 - Reserve bank or public or private financing institution in making loans, discounts, or advances, or commitments in connection therewith...