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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
May 13, 1949
Page
16
The article argues private electric companies are underwriting a six year expansion ending in 1951, with over 6.3 million kilowatts added in three years and similar growth projected. It claims private capital is funding the $9 billion program, promising new taxation from growth and criticizing government socialization of power.
A public critique argues lowering retirement age for soft coal miners from 62 to 60 would swell pension funds, raise taxes on coal, and threaten jobs. It notes miners earned 75 to 78 dollars weekly in 1948 with 34 to 41 hour weeks while production costs rise and substitutes gain market share.
Congress weighs changes to the minimum wage with proposals for 65 cents per hour, preserving some retail exemptions. The piece argues a lower rate mirrors rising costs while protecting beginner workers and learning opportunities, urging careful study of employment, prices, and overall economic impact.
A congressional proposal would authorize Rural Electrification Administration loans to fund rural telephone service, signaling government entry into the telephone business. Critics warn taxpayers would bankroll installations for those who cannot afford or access lines, arguing it threatens independence and representative government by promoting government as a universal provider.
Walter W. Generazzo, president of the American Watch Workers Union, urges workers to understand corporate costs. He notes that a 30 cent hourly raise for a 3,000 employee firm would cost about $1,248,000 plus 17 to 21 percent for unemployment, social security, paid vacations, insurance, pensions and holidays.
A company argues a 30 cent per hour raise sounds small to workers but would wipe out profits. It cites last year’s $800,000 revenue, a $250,000 annual machinery reserve, and only 50 cents net per unit on 1.6 million units. The case stresses advertising, efficiency, and brand building to sustain orders and employment.
The 12 power mutual defense treaty marks a new foreign policy step but fulfilling it raises costly questions. Arms supply to Europe, domestic budget strain, and a looming deficit challenge the plan, while military leaders press for funds to hold the line. The toughest work remains ahead.
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