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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Mar 19, 1954
Page
8
Manufacturers Record notes that most families know their mortgage debt, averaging about 2900 dollars. It highlights a larger, overlooked debt: the national debt totaling 274.5 billion dollars, equating to over 6000 dollars per family.
The piece warns that the United States faces a shrinking merchant fleet and stagnant shipbuilding. It notes 1 723 large vessels in 1948 versus 1 203 in early 1954, with foreign fleets rising to 10 732 by 1953. It contrasts England’s 2 144 freighters and seven passenger ships on order with zero U S ships under construction.
On January 25 Mt. Vernon New York couples joined the first buyers under a new installment purchase plan for common stock. Purchases start at 40 dollars per month with several hundred others signing up for 40 a quarter to 999 a month. Investors can stop payments and still receive stock paid for, avoiding loss. Newspapers praise the plan and labor papers see worker access to ownership as a boost to American freedom and wealth creation. The movement could expand stock ownership among millions and reshape the nation into capitalists.
County agent notes hogs on good pasture cut grain and protein needs by 5 to 10 percent and 30 to 40 percent respectively while producing leaner pork. He also urges fencing, planning, and legumes like alfalfa as top pasture choices for profits and healthier hogs.
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