LINDSAY FORMING GROUP TO ASSIST SLUM BUSINESSES; Leaders of Corporations and Unions Are Recruited as Members of a Coalition LOAN NEEDS STRESSED Mayor Says Banks Are Not Sufficiently Involved in Negro Sections Here
Mayor Lindsay and Time Inc chmn Heiskell recruiting civic leaders to form new orgn, NY Coalition, which will try to induce NYC banks to make more loans to Negro and Puerto Rican small business as part of drive against problems of city's slums; Lindsay says large banks are not sufficiently involved in problems; holds banks and ins cos better able than city to finance small businessmen in these areas; Interracial Council for Business Opportunities exec R Bunch discusses banks' unwillingness to make loans in poor areas
