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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
May 15, 1953
Page
12
1952 saw record rises in proved oil and natural gas reserves. Oil reached 32.9 billion barrels and natural gas 199.7 trillion cubic feet as industry drilling expands to meet future needs. Proved reserves reflect known supplies located and confirmed by ongoing exploration.
A detailed briefing on the U S merchant marine shows 600 privately owned ships in foreign trade, while over 800 freighters and nearly 100 passenger ships are on order abroad. It argues private U S failure to replace aging fleets, calls for a government role to finance ship construction, and urges a workable funding formula to boost competitiveness and enable rapid military conversion.
Edward T Miller in Congress from the Eastern Shore of Maryland reports on Eisenhowers first 100 days focusing on defense against communist aggression and foreign aid. He notes Joint Chiefs and Defense Secretary Wilson delivering figures on 1954 aid and military deliveries, VA FHA interest-rate increases, and a major appropriations bill cutting state, justice and commerce spending by about 22 percent. Senate tidelands bill ends filibuster with states gaining title to submerged lands. Benson outlines a price support program to reduce government interference while preserving the 90 percent support law until expiry.
Land transfers dated May 2 to May 8 1953 involve William H Neal Sr Apex Wood Products Co Inc Mary Collison and Mary Williams M E Davis Noble and Federalsburg authorities Thomas R Benson and Harold Towers James A Wise Marvin Smith to Theodore King. Parcels include in Federalsburg Denton and various election districts.
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