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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Jan 19, 1951
Page
2
A brief homage to Benjamin Franklin born January 17, 1706. He was a fearless printer and publisher and a key diplomat in the American War for Independence. His kite experiment proved lightning is electrical and presaged electricity as a global power.
Last year disposable income reached a record about 200 billion dollars and shoppers spent around 70 percent of it in retail outlets. Retailing, a huge plus for the economy, operates on small per-item profit with high volume. About 140 billion dollars passed through cash registers, fueling nationwide commerce and employment.
An article by Greg MacGregor in the New York Times argues no imminent food shortages, with supplies and distribution stronger than before the last war. It notes no need for controls or rationing now, a public stance described as saner, and credits the industry for curbing hoarding. Competition among all retailers drives efficiency.
The St. Paul Dispatch lauds railroads for peak efficiency in 1950 with high train loads and speeds, moving vast freight including heavy machinery and factory output, while paying taxes and subsidies to support rivals. It notes railroads carry 99 percent of mail and face wartime burdens, deserving public appreciation.
The Association of American Railroads says the industry will sustain a billion-dollar-a-year expansion in 1951. Orders for 125,000 new freight cars plus 2,000 motive power units aim to boost capacity beyond WWII levels. The release notes railroads can rapidly expand in emergencies with shippers and government cooperation.
A government faction pushes costly social measures tied to a British socialist model. They warn expanding rearmament risks inflation and demand cutting domestic tax expenditures to fund full defense, arguing sacrifice must come from political programs rather than armed forces.
A long analysis surveys postwar strategy amid shifting alliances. It notes Germans’ mixed stance toward rearmament and occupation powers, Japan under Emperor upending old norms, and Prime Minister Yoshida’s stance on joining a united free world. It discusses peace treaties, Soviet noncooperation, and Japan as a potential future military power.
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