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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Jul 26, 1946
Page
10
The New York Times editorial urges that pushing purchasing power without profitable production harms business and jobs. It argues that if business loses money and cannot hire, government expansion leads to bureaucratic control and echoes fears of fascism at home, despite wartime defeats.
The piece notes 1943 tax exempt cooperative enterprises did 12 billion in business and warns that expanding tax exempt activity weakens government revenue. It argues the economy suffers when much productive capacity escapes taxation, placing a heavier burden on those who do pay taxes and urging private business to challenge growing tax exemptions.
A year after the war end predictions of a consumer goods boom proved false. Benjamin H. Namm, president of the National Retail Dry Goods Association, warned there is less staple merchandise on shelves at popular prices than any time in his retail career. He linked ongoing political influence to an economy of scarcity rather than abundance.
The piece credits private enterprise with driving improvements in fuels for railroads and power units. It notes coal and oil as dominant forces, coal moving from wood to steam, oil diesel increasing in use, and coal pursuing gas turbine attempts with powdered coal. The article highlights competition as a public good and keeps a broad view of industry progress.
The United States News forecasts a period of rising prices and living costs as wage increases and strikes of 1946 feed inflation. While outcomes vary, most agree price boosts are unavoidable, and merchants will keep retail prices down through efficient operations and competitive practices. Open competition will welcome innovators who cushion upcoming price shocks.
The 1946 Victory Day observance marks one year since the end of World War II. The American Legion urges Americans to rededicate to peace, counter market excesses, and build a lasting era of prosperity and goodwill. Dreams require action, not sleep.
Secretary of State Byrnes and Senators Van denberg and Connally returned from a stormy Foreign Ministers conference. They faced Russian opposition yet kept calm, pressuring Moscow to play fair and push toward world peace and disarmament. Byrnes said the world is on the road back to peace and touted hopeful treaties with Italy Romania Bulgaria Hungary and Finland. Vandenberg and Connally confirmed the report, praising patience as a path to peace.
President Truman signs a law requiring weekly newspapers with mailing privileges to file sworn circulation statements starting October 1. Publishers must report average paid circulation, with postmasters verifying the forms. Noncompliance risks mail denial, fines up to 500 dollars, and perjury penalties up to 2000 dollars and five years' imprisonment. subscriptions unpaid beyond a year are dropped.
Rural Electrification Administrator Claude Wickard praised Texas cooperatives for building over 46 000 miles of line serving 120 000 consumers and repaying more than 1 861 000 of principal early while warning that REA opponents in Congress remain active. He noted the program’s 10 year scope extended in 1936 and the 1944 removal of time limits, and he described the effort as a Trojan Horse amid ongoing battles with power lobbies and flood control debates.
Mr Wickard urged nationwide cooperation to oppose dual rate provisions in utility contracts and exposed a campaign to paint REA cooperatives as inefficient. He defended REA loan policy for rural electrification, noting $4.52 million approved in July for 14 coops across 10 states to build 961 miles of lines serving 4520 farms. Washington cited agriculture’s enduring value, praising Rural Electrification cooperatives.
A discussion on rail unions seeking wage restraint by limiting train length. It cites Howard M. Norton on Diesels handling 125 cars at 500000 dollars each and argues shorter trains increase congestion and hazards, referencing a 1945 Supreme Court ruling that 70 car limits are unconstitutional. The note connects this to former railroad strikes and ongoing wage- tied demands.
A historical reflection on inflation and labor strikes that followed World War II. The writer argues inflation rose due to high wages, production gaps, and widespread strikes, noting OPA measures failed, prices in Washington real estate tripled since 1941, and that supply and demand will eventually restore normal levels relied on the American system.
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