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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Jan 29, 1954
Page
4
Joseph A. Fisher of the Utility Workers Union cites a Reader's Digest piece arguing government ownership of basic industry yields inferior working conditions and rates. He urges curtailment of government encroachment and a return of electric power to regulated privately owned companies.
Business spokesmen foresee intense competition for consumer dollars this year and call for improved selling methods and cost control. The retail sector is poised to benefit as producers overrun postwar shortages, while economists expect only a mild slowdown unless American retailing drives a robust recovery. Distribution remains the key to prosperity and retailers have a proven track record of meeting challenges.
The piece traces farming evolution from manual labor to a modern system aided by organizations, governments, and industries. It highlights Grange and Farm Bureau as farmer advocates, the reach of agricultural magazines, governmental services, soil and water conservation districts, and the pivotal roles of electric power and farm machinery in boosting yields and efficiency.
Virginia Senator cites US rail mileage share and payroll to illustrate private enterprise success. He notes 9 million passenger miles per injury, federal taxes during WWII, and contrasts with WWI deficits under government operation. He praises equipment and safety against European systems.
A 1953 study projects world energy production rising fourfold by century end with coal remaining central. Utilities burned a record 112 million tons last year and steel mills exceed 100 million tons annually. Coal chemistry expands into plastics and synthetic fibers like nylon while atomic energy plans still rely on coal for power.
Congress should reexamine the capital gains tax described as an iron curtain between venture capital and industrial growth. The piece argues for total repeal or a sharp rate reduction to encourage investment in untried enterprises and notes that a large share of gains go to earners under $10,000.
Cartoonist J N Darling warns soil erosion threatens food supply as good topsoil washes away. He argues conservation is the farmer’s duty with aid from colleges and government agencies, noting modern machinery makes conservation efficient and nationwide enrichment follows from proper practice.
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