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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Feb 09, 1951
Page
4
Coal yields over 200 000 products from nylons and plastics to medicines like novocaine and sulfa drugs. Its reach touches every person in the country and underpins living standards. Soviet steel lag behind the US due to coal shortages, highlighting coal’s strategic importance for industry and security.
Information from the New York Stock Exchange shows rising individual ownership of America’s productive enterprises as the average holding shrinks with more small investors. It argues careful stock selection minimizes risk while noting industries face stress from aggression, taxes, and civilian needs, urging against confiscatory taxes and overzealous regulation.
An Oregon Voter editorial lauds both chain stores and independents as good citizens. It notes their cooperation with community drives for the Red Cross Chamber of Commerce and Community Chest and reflects on the past fear of chains.
The Cincinnati Enquirer editorial argues that federal and state subsidies favor roads airports rivers and ships while railroads receive little direct funding. It warns subsidies weaken the rail network, vital to peacetime and military needs, and urges policy to strengthen railroading without penalizing it in competition.
A speaker argues against targeting corporations for higher taxes, saying stockholders own 15 million shares and bear the burden collectively. He cites Socony-Vacuum Oil's George C. Holton praising modest profits and warns that punitive corporate taxation harms workers, government, and investors alike, urging self-reliance.
Dr. Malcolm McNair of Harvard Business School warned a food chain association against relying on government controls to curb inflation. He argued production and stricter government economy beat artificial controls, noting controls hamper the economy and inflate the danger of political luxuries.
James I. Shelton who heads the American Bankers Association says deficits create debt and inflation that rob the people's savings. He urges Americans to prevent the young from drifting into socialism and warns against wasteful federal spending fueling economic decline.
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