" Committee on Small Business.

CAPITAL

FORMATION

HEARING

BEFORE THE

SELECT COMMITTEE ON SMALL BUSINESS

UNITED STATES SENATE

NINETY-FIFTH CONGRESS

SECOND SESSION

ON

CAPITAL FORMATION

PART 2

NEW YORK, N.Y.—MAY 15, 1978

Printed for the use of the Select Committee on Small Business

31-130 O

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1978