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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Feb 20, 1953
Page
4
Public opinion sampling suggests corporations earn modest profits with labor taking about 86 percent of income. Only a small share goes to stockholders as dividends, while most profit funds reinvestment, plant improvements, and reserves. Shareholders are ordinary Americans, not a distant elite, making Wall Street similar to Main Street.
A Massachusetts plan to grant exclusive rights for fuel sales on limited access highways prompts a skeptical oil company official to argue for multiple operators. He warns monopoly raises prices and lowers service, praising competition as the driver of peak production and fair pricing, and cautions the state plan harms public interests.
The Bituminous Coal Institute notes postwar U S mines surpass Soviet output, citing mechanized mining, high wage levels, and strong safety. It highlights a Wall Street Journal report of a new mine capable of 2,000,000 tons annually, largely automated, illustrating relentless American progress and industrial strength.
A 1951 perspective notes total taxes reached 33 percent of national income, far above the 25 percent danger point. Indirect taxes hide in prices on autos, bread, shoes, and show tickets, meaning the average family bears the full tax burden. It argues tax cuts benefit the average person, not the rich.
The columnist compares Luigi from Life With Luigi investing twenty dollars in the stock market to owning a common chicken. If the chicken lays eggs, dividends occur. if not, the chicken may be a rooster. The piece argues profits fuel production and tax revenue, critiquing anti profit talk as a threat to American enterprise and government.
Representative Edward T. Biller reports on the new administration, Taft's push for adjournment by early July, and an 11 point legislative program. Hearings on Taft-Hartley amendments proceed as veterans groups oppose GI loan rate changes while Dulles and Stassen push European defense revival and new foreign aid surveys. Capehart advances standby controls with a National Advisory Board, and economists warn of peaking defense spending amid a coming downturn.
A promotional notice for The American Weekly and Baltimore Sunday American highlights an Automobile Show feature on February 22. It promises color gravure pages with pictures and stories of interest to motorists, focusing on new cars America will buy in 1953.
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