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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Feb 05, 1960
Page
2
The piece argues economic ignorance threatens a nation’s foundations and government. It cites mistaken beliefs about corporate income shares, clarifies actual splits where workers receive about 87 percent of earnings and owners 13 percent, and notes two thirds of national income goes to employees. It concludes capitalism yields high living standards due to tool users’ larger shares.
A tax expert told a House committee that reform of federal individual income tax rates could raise annual personal incomes by at least 40 billion dollars within eight years by removing barriers to industrial expansion. He argued current taxes deter saving and capital formation, noting corporate taxes at 52 percent, personal taxes up to 91 percent on dividends, and 25 percent capital gains.
Local social notes list visits and gatherings across Chestertown Centreville Tilghman and Washington including cadet visits at Naval Academy family dinners with the Neighbors and Heister households church flowers memorial donations, 4-H club meetings and hospital tour noted.
Mary Del Mrs Andrew Martin formerly of Henderson and Marydel lived in Florida for years died at her Lake Worth home on December 13 and was buried December 16 in Florida. She is survived by her husband and several children. The notice records various social visits, civic club events, a wedding in Claymont, and a Baltimore taxi fact about teflon bearings.
Greensboro notes many social visits and family milestones. A baby boy was born Jan 28 at Kent General Hospital to Mr. and Mrs. Henry Harden. Several residents are listed as ill or on the sick list, with visits to family, travels to Washington DC, Delaware, and Maryland. Obituary announces the passing of Mrs. Clarence Dean in Wyoming, Del., with services held at Rawlings and Boulais.
The Hillsboro Community Club invites residents to a dance at the Community Center on Saturday night February 6 from 7 30 to 11. Music will be string tunes with refreshments and a fun evening promised for all attendees.
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