davidaulloa/AmericanStories huggingface dataset:
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07
SarahsviIIe

SARAHSVILLE - Mr. and
Mrs. Ralph Mellon spent Sunday
in Weiton, w. Va, with Mr.. and
Mrs. Bryan Creasey and daugh-
terS.
Mr.. and Mrs. Harry Snode and
family, of GAINESVILLE, spent the
weekend with Mr.. and Mrs, Guy
Gibson and Mrs. Nellie Snode.
Mr.. and Mrs. Redmond Archer
visited with Mr.. Harold Sullivan
Sunday, in GAINESVILLE.
Mrs. Mark Rossiter returned
home after spending the past
month in Steubenville with her
brother, Mr.. J. A. Cartledge and
family.
Mr.. and Mrs. Dave Spence, Co
lumbus, and Mrs. Pluma Smith,
GAINESVILLE, visited recently al
their home here.
Mr.. and Mrs. Roy Mellon spent
Saturday in GAINESVILLE with rela,
tives.
Mrs. Grant Shafer is slowly i'm.
proving from her recent illness
Mr.. and Mrs. Delbert Swain, OF
Columbus, spent Sunday with his
mother, Mrs. Orpha Swain.
Friends and neighbors called al
the home of Mrs. Orpha Swain
October 81, to help her celebrate
her 88th birthday.
~-------
Photo observation-disclosures
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07
Kennonsburu
KENNONSRTTRC

KENNONSBURG - Mr.. and
Mrs. Robert Sell and children,
Brian, Terry and Donna, of Can
ton, and Mr.. and Mrs. Harold
Flood and children, Cindy and
Scott of Eldon, were visiting Mr..
and Mrs. L. R. Lashley, Sunday.
Mr. and Mrs. Dwight Linn and
three children, of Circleville, and
Mr.. and Mrs. Don McMillen and
son, Timmy, of NewcomerstoWn,
were weekend visitors of their
parents, Mr.. and Mrs. H. B.
Wilson
Mr.. and Mrs. Ronald Groves
and son, Allen, of Pleasant City,
and Mr.. and Mrs. Kenneth Tis-
dale and three children, of Can
ton, were visiting their parents,
Mr.. and Mrs. VIM. Rich the past
weekend.
Mrs. U. J. Massie was visiting
Mrs. Oliver Wells, Friday.
Quite a few. school students
have been absent from school
with flu and severe colds.
Russell Magis received an in
jury to his head while at work
last Thursday and was treated
at the GAINESVILLE hospital.
Mr.. and Mrs. Ellis Long enter
tanned with supper Wednesday
evening in honor of Dicky Wys-
carver, who celebrated his fifth
birthday. The following were
present: Mr.. and Mrs. Robert
Wyscarver and children, Joyce,
where she received medical
Gerry and Dicky, and the host
and hostess.
Mrs. Eddie Engler returned
home Friday from the Lock
bourne hospital, Colum b S,
treatment and surgery.
Mr.. and Mrs. Blaine Day and
Frank Gregg were visiting Mr.
and Mrs. Eugene Ward, Sunday.
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07
A va

AVA - Mr.. and Mrs. John
Delaney and family, of Coal
Ridge, and Mrs. Bertha Bates
were visiting in GAINESVILLE on
Sunday.
Mr.. and Mrs. Jim Rayner
spent Sunday in Columbus.
Mr.. and Mrs. Mason Wood
were visiting in Cambridge on
Sunday.
Mr.. and Mrs. Marvin HaWley
and son were in Cambridge Mon
day on business.
Mr.. ana Mrs. Harvey Bates,
Of Columbus, spent the weekend
here.
Mr.. and Mrs. Gilbert Ritter
beck and family Of Pleasant
City, were visiting Virgil Brown
and family, Sunday.
Mrs. Ruth Ann Shondrick and
family, of Maple Heights, Mr..
and Mrs. Rodney Buckley, Of
Coal Ridge, were visiting Mr..
and Mrs Bill Buckley, Sunday.
Mrs. Robert Mellon and chill.
dren, were visiting at Sarahs-
vile recently.
Mr.. and Mrs. Joe Stoltz, of
Pleasant City, were visiting Mar
vim HaWley and family, Sunday,
Mrs. Ora Hoover was visiting
last week at her home here.
Mr.. and Mrs. Clarence Per
kins and Mrs. Ethel Stiers were
in Cambridge, Friday
Mrs. Nora Bates is spending
this week in Caldwell,
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07
MiddIeburu

MIDDLEBURG = Mr.. and Mrs.
Jack Orr and children, of Massi-
lion, spent the weekend with Mr..
and Mrs. Felix Arnold.
Mr.. and Mrs. George Braden
and family, of Newark, spent the
weekend with Mr.. and Mrs. Earl
Clark.
Mr.. and Mrs. Charles Moore
and children, Mr.. and Mrs. Char
les Morrison and daughter, of
Barberton, visited over the week
end with Mr.. and Mrs. James
Morrison and boys, Jack and
Larry.
Mr.. and Mrs. Detmer Eicholtz,
of Wheeling, spent the weekend
with Mr.. and Mrs. Charles Nit
chell.
J. H. Morrison, Beverly Poland,
Mr.. and Mrs. John Antill, were
callers at Caldwell, Monday
morning.
Lester Hesson, of Elk Fork, was
a caller at Middleburg, Sunday
morning.
Mr.. and Mrs. George Clark are
parents of baby girl, born last
week at Marietta hospital.
Mr.. and Mrs. Elmer Antill and
children, of Macksburg, spent
Sunday with Mr.. and Mrs. Bill
Brotton and sons.
Dale Harbaugh and Bernard
Carnes, of Belle Valley, were sup
per guests Sunday evening of Mr..
and Mrs. Walter Estadt.
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07

Wednesday p. m, Oct. 80 in the
home of her parents. About 80
guests enjoyed two hours of fun
followed by real birthday re-
freshments. Debbie, who has
reached the ripe old age of six
years, received many nice and
useful gifts.
W.S.C.S.
The Woman's Society of Chris
tian Service of Belle Valley
Methodist church will meet at
the home Of Mrs. Edgar Bates
on Friday evening, Nov. 8.
Please bring your sales tax
stamps.
Return From Hospital
Aunt Lizzie Fogle has return
ed to her home in west end of
Belle Valley after several days
in Guernsey Memorial hospital
for observation and treatment
and is reported feeling much
better. Leone Farmhouse, Danny
Bond, Ruth Leasure, w. c. Reed
are others on the sick list this
past week.
Personals
Edgar Bates visited Sunday
morning with his dad, Peter
Bates, of Reinersville, and said
he seems stronger and more
cheerful than on a previous
visit.
On Friday evening, Mr.. and
Mrs. Samuel Curtis and myself
were guests of Mrs. Mary Okey
and enjoyed the time very much.
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07
E:Iba

ELBA - Mr.. and Mrs. Pete
Kirkbride, of GAINESVILLE, spent
Saturday with Mr.. and Mrs.
Pearl Goodwill.
Mr.. and Mrs. A. E. Swain
were in Marietta, Saturday.
Mr.. and Mrs. Cecil Schob and
family were in Marietta, Satur-
day.
Mr.. and Mrs. Harold Williams
spent Inc weekend with their
daughter and son-in-law, Mr.
and Mrs. Robert Hill and family
at GAINESVILLE.
Mrs. jeanne Bonar and son,
Ricky and Mrs. Betty Goodwill
and son, Darrell, were in Mari
ctta, Friday.
Pearl Goodwill and Clara
Reed attended church services at
Ogle's RiGge church, Sunday
evening
A. f. Swain was in Caldwell,
Saturday.
Dorothy Schob and son, Kavin
and jeanne Bonar and son,
Ricky, were in Marietta, Mon
day.
Mr.. and Mrs. Pete Kirkbride
and Gale and Betty 10 Goodwill
were Saturday callers of Mr.. ard
Mrs. Gene Henderson, at Whip
pie.
Mr.. and Mrs. Cecil Schob and
family spent Sunday with Mr..
and Mrs. Emil Schob and fam
ily at Marietta.
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07

vile social security office de-
clared today.
An amendment of the Internal
Revenue Code gives them, in
general, from August 81, 1857,
through April Is, 1859, to elect
social security coverage, he said.
Ministers who file waiver certi-
ficates during this extended per
iod will be mandatorily covered
for 1856 and for all subsequent
years in which they have net
earnings from self-employment
of $400 or more, including earn
ingS from the practice of their
ministry.
In addition, Youmans points
out, a minister who filed Waiv-
er after April Is, 1857, and
before August 81, which was
valid for 1857 but too late to
get coverage for 1856, may still
get coverage for 1856 by filing
supplemental waiver.
The law now provides that
ministers will include as net
earnings for social security pur-
poses, Cd the rental value of a
parsonage or rental allowance
furnished them as part of their
compensation and (2) the value
of meals and lodging furnished
them for the convenience of their
employer. This change in the law
applies only to the amount of a
minister's earnings which are
covered by social security; it does
not affect his liability for income
tax. This provision is effective
for taxable years ending on or
after December 81, 1857.
Through misunderstanding,
YoumanS says, some non-proflt
church-related organizations er-
roneously reported the remun-
GRAFTON of certain ordained min
listers performing teaching or ad-
ministrative duties, and paid the
employer and employee social
security taxes. The amended law
provides that the remuneration
reported as paid to these min
isters in 1855 and 1856 shall be
treated as if correctly reported,
and not as net earnings from
self-employment, to the extent
that the employer tax or en-
ployee tax was not credited or
refunded before August 81, 1857.
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07
Walnut Ridge
WALNUT RIDGE

WALNUT RIDGE - Several
attended the Edward Leasdre
sale, Saturday afternoon.
Mr.. and Mrs. Hobert Feldner
and Mrs. Martha Horton were
callers at Cambridge, Saturday.
Visitors at 0. o. Horizons last
week were: Major Joe Morrison
of Toledo, George Morrison, M.
NC, u. S. Navy, wife and
daughters, Patsy and Vnona of
Chula Vista, Calf, Mrs. Carletta
Morrison, Mrs. Lala Smithberg-
er, Mr.. and Mrs. Jim Horton and
children and Mr.. and Mrs. Calvin
Smith and daughters.
Fred Warner and Raymond
Smithberger attended the stock
sale at Woodsfield, Wednesday.
Mrs. Martha Horton spent
Thursday with Mrs. Bertha Hor-
ton, of Berne.
Mr.. and Mrs. J. w. King, of
Canton, were recent visitors at
O. O. Horizons.
Mrs. Earl Horton and son,
Dana and Mrs. Nancy Rossiter
spent Tuesday afternoon with
Mr.. and Mrs. M. |. Horton.
Mr.. and Mrs. Otis Horton
were callers at Woodsfield, Sat
urday.
Mr.. and Mrs. George Horton
and son were recent visitors
with Mr.. and Mrs. William Hor-
ton.
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07

! daughter, Mrs. Theresa Thomp-
son and host and hostess.
Dinner Guests
Mr.. and Mrs. Leland Hesson
and son, Scott, and Mr. and Mrs.
Dale Garrett and daughters were
Sunday dinner guests of their
parents, Mr.. and Mrs. Lester Hes
son.
Community Institute
Plans are being made for a
community institute to be held
Nov. II in the grange hall. A
complete program will be print
ed later. At noon a pot luck din
ner will be served
Personals
Mr.. and Mrs. E. Brown visited
the past week at Rockford, Ill.
Mr.. and Mrs. Lawrence Kuhn
spent a few days the past week
at Columbus and GAINESVILLE.
Eunice Horton, Gertrude Kuhn
and Evelyn Gressel visited Mon
day evening at the home of Mrs.
Betty Archer. The evening was
spent in quilting.
Mr.. and Mrs. Chris Schehl
visited Sunday evening with
Mrs. Ida Horton and daughter,
Eunice.
James Ritterbeck. of Zanes-
vile, spent Wednesday night
with his mother, Mrs. Emma Rit-
terbeck.
Mrs. Roma Jean Wharton and
Mrs. Ruby Leasure were shop
ping in GAINESVILLE, Thursday.
Mrs. Don Barnett visited We'd
nesday afternoon with her
grandmother, Mrs. Emma Ritter
beck.
Mrs. Lucy Dimmerling, of
Caldwell, spent Friday with her
sister, Mrs. Anna Miracle.
Mrs. Ida Dimmerling, Mrs.
Loretta Hesson and Mrs. Anna
Miracle spent Thursday evening
at Zanesville.'
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07

Clergymen who have failed to
elect social security coverage as
self-employed persons now have
another chance to secure old
age, survivors, and disability in
surance protection for themselves
and their families, Robert B.
YoumanS, manager of the Zanes-
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07

A decision that will try the
pride of many women who
reached the age of 81 in the last
few months will either start
social security checks immedi-
ately or result in higher bene-
fits at age IS.
Social security district man
ager Robert Youmans reports
that many youthful sexagenar-
ians have apparently decided to
pass up the smaller benefit at
this time. He did not comment
on the reasons for this decision
whether from a reluctance to
admit to age 62 or from prudent
actuarial computation, with the
choice of a higher benefit at 65.
The eligible woman who was
62 in November 1856, may apply
before November 80 of this year
and, under certain conditions, re-
ceiVe benefits for all months
back to November 1856. eligible
women" include the wives of
retired workers who are receiV-
ing retirement benefits them
selves, and women who, on the
basis of their own employment,
are insured for retirement bene-
fits. The latter's benefit at age
81 is reduced 20&o from the
amount she would receive at IS,
and once reduced it generally
stays reduced for life. The Wife's
benefit, based on her husbands
| account, will be reduced by 25Ro
if she applies at 81 instead of 65
years of age. Widows and depen-
| dent mothers of deceased insured
workers, however, are given pre-
ferential treatment under the
law. In their case there is no
reduction in benefit amount al
age 62--they receive the full
widows or parents benefit bas-
ed on the deceased workers ac-
| count.
According to Mr.. Youmans, the
eligible wife or retired woman
worker who postpones her de-
cision to file after November sc
may still pick up the maximum
of II retroactive benefits, pro,
vided she was eligible for then
for all II months. Any benefits
she has not claimed between the
age of 62 and IS will serve tt
make her lifetime benefit
amount slightly higher when she
does apply.
Mr.. Youmans feels this pro
vision in the law is SO important
to under 65 year old women that
they should get more specific
information from the socia
security office.
Clergymen who have failed tC
elect social security coverage aS
Self-employed persons now have
another chance to secure old
age, survivors, and disability in
Surance protection for themselves
and their families, Robert B
YOumanS, manager of the ZaneS-
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07
SALES TAX RECEIPTS

Sales tax receipts in Noble
county for the week ending Oct.
19 amounted to $3,46318, COM
pared to $3,548.21 for the same
period in 1856, according to
Treasurer of State Roger w.
Tracy. Total collected to date in
the county amounts to $45, 1851,
compared to $42,043.40 for the
same number of months last
year.
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07
CARLISLE news HAPPENINGS

CARLISLE - Mr.. and Mrs.
Bert Miracle entertained Sun
day with chicken dinner
Twenty plates were placed for
Mr.. and Mrs. Francis Thompson
and family, Mr. and Mrs. Leland
Feldner and family, Mr.. and Mrs.
Harry Thompson and family, Mr.
and Mrs. Edward Roehrig and
The journal. (Caldwell, Ohio) 1934-1961, 1957-11-07
RETURN TO NEW YORK

Mr.. and Mrs. Noel B. Van
Wagenen, who have been spend
ing the summer with Mr.. and
Mrs. Paul M. Clark, south of
Caldwell, are returning this
week to their home in New York
City.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1957-10-24
FOR SALE-BICYCLES
USED BICYCLES

1857 26-INCH boys English racing BIZ
cycle, and old Roadmaster, 26-inch
girls bicycle. PO. 1-7489.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1957-10-24
AUTOMOBILES FOR SALE

l941 PONTIAC, runs good, tires like
new, only 500; 1948 Pontiac, hydra
matte, good body and engine, only
$85; 1850 Ford convertible, radio.
heater, S195; 1949 Dodge u ton pick
load springs, only $225. A and d
Auto Sales, 16909 Euclid ave.
1852 STUDEBAKER 4-door va, good
transportation, $500 GL, l-7486 after
$50 p. m.
, 1957-06-12
NEEDE

An old secondhand washing
machine for a family Of 10.
Mother has heart trouble and
high blood pressure and can
not do heavy work. Father is
a mechanic and can repair an
old machine.
Phone 2s Box lag
, 1957-06-12
No. 1860
GOVERNMENT OF
Hi IRGIN ISLANDS OF UNITED STATES
Charlotte Amalie, st. Thomas
CERTIFICATE OF REGISTRATION OF RENEWAL
APPLICATION HAVING BEEN MADE BY:
JOSEPH E. sEAGRAM & SONS.

JOSEPH E. g. o INC.
for registration in the Virgin Islands of the United States of
renewal Of Certificate Of Registration No. 3473OO, registered
in the United States Patent Office on June q, 1897, and in
the Virgin Islands Of the United States on Sept. 6, 1916, and
it having been shown that said certificate of registration was
renewed in the United States Patent Office on May l6, 1857,
for a period of twenty (2O years from June %, 1857, unless
sooner terminated as provided by law, in the name of Joseph
K. Seagram & Sons, Inc, of New York, N. Y, a corporation
Iof Indiana which has made a showing of ownership of the
said trademark;
THIS IS TO CERTIFY that the said renewal has been
recorded in the Office of the Government Secretary OF the
Virgin Islands of the United States, at st. Thomas, in accord
ance with the provisions in the Regulations governing the
registration of Patents and Trademarks in the Virgin Islands,
approved April !, 1916.
In testimony whereof, l have hereunto set my hand
and caused the Seal of the Government of the V1r-
gin Islands of the United States to be affixed at
Charlotte Amalie, st. Thomas, Virgin Islands, this
31st day of May, A. D, 1857.
Charles K. Claunch
Government Secretary for the Virgin Islands.
, 1957-06-12
\. La CARTE:

Jumbo Shrimp Cocktail rs
Native Lobster Cocktail IS
Hors d'oeuvre Varies 100
Smoked Oysters on Toast so
Sardines on Toast so
, 1957-01-31
:: Chr st. Urutx Auta : :
- -cHAuplou Or PUBLIC "oHT AND IvsTrcr -~"

Printed & published every afternoon except Sundays & holidays by
PRINTERY
Christlansted. 81. Croix, U. S. Virgin Islands
Telephone 48 r. Q. Box S3S
Editor & Manager Canute A. Brodhurst
Circulation Anna Z. Brodhurst
Subscription Rates.
&c per copy -$lOO per month $2. per year. All subscriptions are
payable in advance. i.
Entered as Second Class matter May 20, 1917 at the Post Office at
Chrihianstsed. St Croix, v. I, under the Act Of March s, 1897
VOL I13 THURSDAY, JANUARY 81, 1857 NO. rs
, 1957-01-31
Virgin Islands Agricultural Program News
Essential Farm Records = Part III
A Record Of Crop and Livestock Production"

In previous articles we reported on the first two impor-
tant items which come under good farm accounting; first,
Farm Inventory ard second, a Record Of Farm Receipts and
Expenses. Together with these goes another important ITEM
the record of crop and livestock production. This record
shows what you produce in your farm. enterprises. It you are
8 farmer who has. more than one crop from which a SUBJ
stantial part of your income is derived, you are probably
running a diversified farming program.
For example, if you are growing sugar cane and at the
same time raising and selling beef or milk, you can then
say that your farming is diversified. If you grow sugar cane
and nothing else, and, depend on this alone for your income,
you are working on an individual enterprise.
Some farms, Of course, are highly diversified, and pro-
duce such things as vegetables, fruits, provisions, a few head
of sheep, goats or pigs and a few chickens from each OF which
they receive some income.
In any case, whether you are producing one or many
products on your farm, you should carry a record OF your
production. To do this you must know how many acres you
are using to produce each of your crops; how much money
and labor you spend on each; how many animals you are
raising, and Individual return each animal or crop provides.
In this way YOU will know which individual animal or crop
is worth keeping or raising and which is just costing you
money to raise. It is not difficult to do this, and doesn't
take very much time or effort; but you do have to keep
YOUR records absolutely up to date. Only by keeping a re-.
cord of what you spend to produce can you know how your
production scheme is working out, and whether to drop one
enterprise in favor Of another, or if you should build up one
ar more at the same time.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-26
$4,000 Reserves
Lose Drill Pay
BY the Associated Press

The Army has announced that
$4,000 reserve officers will no
longer get paid for drilling, It
said 1t needs the money for en-
listed reservists in regular units.
The officers will cease getting
paid for drilling after July L.
but will still get paid for the
maximum Of II days they spend
on active duty at camps or on
special assignments. The trans
fer of the officers to non-pay
drill status. the Army said. will
not affect their promotion or
retirement credit situation.
Fhe Army said that the step
was taken because Of limitations
on the money available for
reserve forces and because Of
the unexpected success Of the
Six-month training program.
The money heretofore devoted
to paying individual reserve Of
flcers for attending drill sessions
will thus be spent on financing
the training Of younger enlisted
men and in strengthening re-
serve units composed largely Of
men without prior military
service.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-26

Co. when he was arrested in
1949 in Budapest. He was SEN
fenced to is years in prison In
1850 on a spy charge and was
released April %, 1851, after
State Department negotiations.
After his return to the United
States. where he received a
virtual hero's welcome, he de-
voted much time to lecturing
against communism.
He Endorsed some of the late
Senator Joseph r. McCarthy's
sentiments and criticized Amer
lean loans to Communist Yugo-
slavia.
After about a year, he re-
turned to his IT&T job and
later quit because, II had nothr
ling to do but read a newspaper"
II guess that was one way of
keeping me of radio and TV."
the Mirror quoted him as saying
Mr.. Vogeler was unavailable
for comment on the Mirror story.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-26
Living Cost Drop
Here BringsCut
In Transit Pay

d. c. Transit Co. workers pay
will be cut up to cent per hour
as result of the fractional drop
in the cost of living index here
between February and May.
Meanwhile, a rise of the ma
tional consumer price index to
1875 per cent Of the 1947-49
average marked the ninth conse-
|cutive month of increases.
The transit reduction stems
from an escalator clause in the
|union-management contract peg
ging wages to the cost Of living,
Company and union repeatedly
were at slight odds over the ex-
act size of the cut. Transit off,
Gals contend the reduction would
APPROACH l cent per hour. A union
spokesman figures the amount
would be closer to "a cent per
hour. The latter figure would
amount to about 20 cents per
week for the average worker.
The cost Of living drop In
Washington in the three months
ending last month amounted to
three-tenths Of per cent,
according to the Labor Depart
ment Bureau Of Labor Statistics.
Compared to May. 1856. how
ever. local living costs were
higher last month by "a per
cent.
The percentage was only
slightly behind the pace of the
Nationwide increase of 3.6 per
cent over May. 1856.
About l million workers, most
of them in metal industries, are
to receive cost-of- living wage in
creases under terms Of their
union contracts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-26
Expanded SBA
Voted by House
BY the Associated Press

The House has voted to make
the 4-year-old Small Business
Administration a permanent
Federal agency and to give it
expanded powers to help small
business concerns.
BY a 1922 rollcall vote yester-
day it passed and sent to the
Senate bill which. among other
things, would lower the interest
rate on SBA business loans and
increase the amount of its lend
ing authority.
The House shouted down pro-
lposals by Representative Pat
man. Democrat of Texas, to in
crease the limit on individual
loans from $25O,000 to 81 million
and to extend SBA's life only
four years instead Of making it
indefinite.
SBA was set up as a temporary
agency in 1853. Since then it
has approved 1926 million of
business loans. 500 million Of
disaster loans and helped small
businessmen get $1,619,593, $50
share Of Government contracts.
The bill makes several changes
in the Small Business Act, which
is due to expire July 81.
1t reduces the maximum per-
Missile interest rate on small
business loans from 6 to S per
cent. Where loans are made in
participation with private lend
ers the S per cent ceiling would
apply only to SBA's share.
SBA'S business ,oan authority
would be increased from $3.50
million to $500 million. Disaster
loan authority remains at SIPS
million.
The bill also orders a redefini-
ton of small business. For pur-
poses of sharing Government
procurement. the agency now de-
fines small business as one having
no more than 500 employees. I'm
der the new bill, SBA would be
directed to make the size stand
ard vary according to different
industries.