Just prior to the loan disbursement, Mr. Alexander was shot during a robbery of the store. This resulted in his being hospitalized at the critical time when he was to have assumed full ownership of this business. While still under doctor's care, and possibly needing another operation, Mr. Alexander has progressed toward making this a successful business venture. II. HALL BROS. FURNITURE, 4309 WEST MADISON, CHICAGO, ILL. A local development company loan to Our Future, Inc., a not-forprofit organization on the west side of Chicago, was made to assist a minority small busines, Hall Bros. Furniture Co. This was our first local development company loan to be made in the hard-core area of Chicago's west side. On April 3, 1970, the First National Bank & Trust Co. of Chicago made a $50,000 loan, guaranteed by SBA to Hall Bros. Furniture. A SCORE counselor involved prior to and after the approval of the loan used his trade experience to obtain suitable floor samples for the store's market. On June 22, 1970, the store's windows were broken and merchandise totaling $3,200 was stolen. The cost of replacing the windows exceeded $500. On August 10, 1970, the rear door was forcibly opened in spite of an alarm system. Prompt police response minimized the damage, but $1,400 worth of merchandise was taken. These losses, totaling $5,100 have made the company's financial status precarious despite the SBA guaranteed bank loan, competent management assistance and the cooperation of the SCORE counselor. Because of these experiences, the store has discontinued handling easily transportable items such as television sets and radios. This high incidence of crime resulting in the unavailability of burglary and theft insurance appears to be critical and requires prompt remedial action. Each of the members of this distinguished subcommittee and its staff have received a kit containing information and materials which are available to all businessmen. The marketer's aids dealing specifically with the problem of crime is as follows, and I detail them in your kit, you have examples of these: Outwitting bad-check passers, preventing burglary and robbery loss, reducing shoplifting losses, and preventing retail theft. You will notice the distribution for July and August of this year is noted on each of the copies that you have. These are regional figures for Chicago. peo Mr. HORTON. How did you distribute these, by mail? Mr. DWYER. They are distributed in meetings that we attend, to ple that contact our offices. Many requests come to our office for these pamphlets, general distribution in that area. Mr. HORTON. What type of feedback have you had about results or the use of them? Mr. DWYER. I would ask Mr. Weir, as to the feedback. I think they have been recognized as being very helpful to the businessmen who have taken the time to read them and to preventative changes that they recommend. Mr. WEIR. We have had direct feedbacks from some people as to them making changes that are suggested in the pamphlet in regard to their other protection systems and arrangements of merchandise and in addition to that we have had added requests from chambers of commerce and others to have workshops on the subject to apprise their people in that territory, because of having heard of this program. Mr. HORTON. Have you held any workships? Mr. DWYER. Yes, sir. In fact, in this statement it will show that workshops have been held. Mr. WEIR. Excuse me. If I may, there are some examples in the kit. Mr. ROE. Mr. Chairman, if I may, could we have introduced for the record the pamphlets that Mr. Dwyer is speaking of and has distributed to the members of the committee? Mr. KLUCZYNSKI. There being no objection, it will be so included. (The information follows:) Graduation Exercises of the March Class SUNDAY, MARCH 22, 1970 7:00 P.M. Antioch Missionary Baptist Church 6248 South Stewart Avenue Chicago, Illinois CO-SPONSORS U.S. Small Business Administration National Business League Cortez W. Peters Business College Marion Business College Triton Junior College Thornton Junior College CO-ORDINATORS Four Locations Inner City CORTEZ W. PETERS BUSINESS COLLEGE 110 EAST 79TH STREET MISS ELIZABETH TAYLOR Insurance-Financial Consultant ILLINOIS INSTITUTE OF TECHNOLOGY 33RD & DEARBORN STREET - WISHNICK HALL MR. SAMUEL GUARD Director Metropolitan Study Center MARION BUSINESS COLLEGE MALCOLM X JUNIOR COLLEGE 1757 WEST HARRISON STREET MR. BERNARD E. O. IKEZUAGU |