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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
Jun 04, 1954
Page
8
Harley Lutz argues against the belief that more consumption alone drives growth. He asserts that dynamic economies rely on capital formation and that tax policy should encourage saving and investment in productive enterprises, ensuring investors receive fair returns.
The message celebrates electric light’s Diamond Jubilee, noting Edison’s incandescent lamp, widespread farm electrification, rising power tax contributions, and a multibillion dollar expansion to meet demand. It argues private enterprise has prevented power shortages and kept consumer costs low.
The piece argues socialists will not quit and highlights an Idaho petition for a sweeping measure to nationalize electric power and communications. It cites Oregon Voter warnings of drastic reach, tax losses, and potential government control of telegraph, radio, TV, and possibly news media, urging vigilance to defend liberty.
Economist Henry Hazlitt argues in Newsweek that the present top income tax rate of 91 percent does not tax the rich alone. He says high rates curb productive effort, and a 50 percent cap would boost revenue from high earners while reducing overall tax burden for many, highlighting the political appeal of tax cuts over targeted reforms.
Charles A. Lindbergh, receiving the Daniel Guggenheim medal at an Institute of the Aeronautical Sciences Honors Night Dinner, warned that progress has focused on material gains. He argued long-term survival rests on character, not arms, and urged a return to human values over parties or movements.
The article advises using wool detergent and careful cleaning to preserve wool apparel for many seasons. It recommends strong brown paper to protect smaller items from moth damage and soil during summer, and stresses securing all edges and folds with tape.
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