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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Jul 08, 1949
Page
4
A mid sized fabric processor reports last year total revenues of 17.46 million dollars. About 8.35 million went to materials and services and 6.33 million to labor. The tax bite was nearly 1.3 million with 0.734 million kept for expansion. Only 4.3 cents of each sales dollar flowed to stockholders as dividends.
A large national retail association representing 7500 merchants in the United States and Canada forms a committee to oppose waste and extravagance in government. It urges support for the Hoover Commission’s reorganization plan, calls for rigid economy, and argues that public pressure is needed to curb duplication, reduce the payroll, and save tax money.
In May the Utility Workers Union of America debated private ownership of the power industry, urging a meeting with CIO leaders to press the position. The piece argues that labor relies on private enterprise to avoid government control, strikes, or a centralized super-state, warning that government ownership would erode local rights, taxation, and federal balance.
The June 25 Saturday Evening Post piece by Rear Admiral Gallery refutes the idea that defense can be built on bombers and the A bomb alone. He warns such a plan would invite rapid Soviet spread into Europe and possibly a brief war with a long, costly peace loss, urging a balanced mix of Navy and ground forces.
A national retailing association leader stresses the counter as the key bridge between producer and consumer. He argues retail profits are only 3.6 cents per dollar, highlights store availability, and frames retailers as essential to mass distribution and the American economy.
The nation faces calls to charge trucking firms for highway wear. Reports from state engineers show heavy trucks damage roads faster than repairs can keep up. The Chicago Tribune argues trucking should pay for heavier, needed highways via taxes.
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