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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Jun 15, 1951
Page
8
A 1944 Ohio farm case study by John C. Davis details how electric systems cut labor hours and boosted productivity. From 6660 to 4532 hours, 140 acres expanded to 262 acres, milking moved from three workers to one in 40 minutes, and per hour productive value rose from 66 to 117 cents.
Secretary Snyder argues in favor of taxing the middle and lower incomes to fund government, noting 58 percent of taxable income goes to those under 5,000 dollars a year. He cites The New York Times on the need for a less protective, more equitable tax and warns of near confiscatory rates for top earners, urging universal self-interest to curb government waste.
The Oregonian notes that a large U.S. corporation has reached one million stockholders. An automobile salesman with modest means bought seven shares worth about $1,000, reflecting broad ownership across farmers, workers, professionals, and housewives. More than half hold is by women. Public ownership of business strengthens free enterprise and counters socialism.
The Committee for Economic Development urges a balanced plan to curb inflation and stimulate growth. It calls for a 1952 budget cut of 6 billion, a 10 billion tax rise, tight credit limits, and a private savings program. It proposes higher individual and corporate taxes, new 5 percent retail excise taxes, and closing loopholes. Government economy is stressed as essential.
A national feature on a chain store founder recalls a Western town start, the founder selling behind the original counter during an anniversary visit, and the broader evolution of American retailing. It links humble beginnings to large-scale success and notes independents thriving alongside chains in a free economy.
The Baltimore Sun praises railroads for seamless service and vast efficiency. It notes how schedules stay steady amid track work and weather, satisfying public demand for constant supplies and comfort while delivering unmatched integration in transportation.
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