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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Sep 20, 1975
Page
4
The Bennington Banner is published daily except Sundays and holidays by the Banner Publishing Corporation at 425 Main Street, Bennington, Vermont 05201.
Editorials discuss a looming capital shortage in the United States that could hinder economic growth as power companies worry about funding costly nuclear projects. Some Ford administration backers urge federal tax breaks to boost capital formation, while Edward L. Palmer of First National City Bank argues the capital well will not run dry.
Palmer warns utilities may need about 56 billion external funds over five years yet this won t exhaust national capital. He notes some industries overreach for capital while others hoard it with dead end investments like jumbo jets and Miami Beach condominiums. Washington planning could route funds to energy projects and utilities, opposing Ford s call to shrink government involvement.
A reflective piece recounting late season fishing along Catskill streams, memory of mentors like Doc of Willowemoc and a Beaverkill guide, and the universal camaraderie of anglers. It cites Roderick Haig-Brown and his River Never Sleeps, stressing fishing as shared pleasure and the absence of strangers among river people.
Editors urge a staged community celebration across Bennington to mark the nation's 200th birthday. They propose multiple picnics from North Bennington to the Pownal line and emphasize early planning and broad participation, citing Arlington's successful past event. The note ends by critiquing a Massachusetts paper's Patty Hearst headline about her San Francisco arrest.
A witty critique of economists as self styled scientists while highlighting the failure of the 20th century economy to fit neat theories. The piece mocks reliance on statistics and invites readers to question expert certainty amid stagflation and oil doubts.
A reader cites Catharine O Foster in The Banner about optical tricks in food sales and argues that efficiency fails when deficiency persists. The letter notes magnesium depletion in crops under agribusiness as years pass, causing ongoing shortages beyond basic N P K minerals and affecting corn and grain supplies.
Louis Broomfield's Malabar Farm chapter on the garden is cited to explain magnesium as essential and calming. The letter also notes a personal observation about a yard full of dwarf fruit trees, reflecting on nutrition and self-sufficiency in farming.
Elena Oliver of 990 Warren Albany NY recounts being stranded on Route 67A near Northside Drive late Sept 12. A kind VW driver pushed them to a McDonald’s where staff welcomed them, and a John’s Chevron mechanic later repaired the car at a fair price.
Readers praise Bennington Banner photography and hint at a Vermont bicentennial exhibit while Wall Street reacts to President Ford's "hands off business" stance. The airlines face heavy losses with Eastern Airlines seeking government aid, mergers, fare hikes, and route cutbacks amid industry turmoil.
The article critiques Ford's stance on government non intervention in key sectors. It questions the belief that markets can solve oil, airlines, banking, and housing issues without public aid. It argues government action is needed to avoid taxpayer costs and warns against Hoover era nostalgia. The piece notes political risk for Republicans and ends with a Reader's Digest anecdote.
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