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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Cambridge Tribune
Location
Cambridge, Maryland, United States of America
Date
Jun 13, 1947
Page
4
The piece discusses declining profits in 1947 versus 1946 across wholesale and retail firms, noting retailers cutting margins to avoid price rises. It argues that high prices stem from broader economic forces, defends free enterprise, and warns state control could erode individual rights and freedoms.
A historical analysis argues there are two forms of government. One enslaves the individual to the state, the other protects individual rights and liberties. The article frames the current world struggle as a clash of these two philosophies.
The article notes March exports totaling over 1.404 billion dollars, 15 percent above February, with imports up 3 percent to 434.5 million. Goods such as cotton, nylon, rayon, steel, machinery, cars, and coal showed gains. A June 15 export boost is hinted as the UK relaxes pound controls, potentially widening purchases in the U.S. market. Some fear Britain cannot sustain the dollar drain long term.
Scores of firefighting companies in Maryland and nationwide could be exempt from taxes under proposals. Lawmakers debate relief for organized fire protection services amid budget strains and public safety needs.
The House bill authors Representative Beall and Representative Lasseer seek to exempt from the manufacturers excise tax certain supplies and equipment used exclusively by non profit firefighting companies. A separate Maryland measure would amend the Internal Revenue Code to exempt articles taxable under Section 3403 when used exclusively by non profit firefighting associations. Both measures were referred to the Ways and Means Committee.
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