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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 27, 1949
Page
8
Donald P. Jones of Sun Oil Company argues government wealth distribution risks liberty loss. He cites oil industry growth from individual risk, vision, and private capital, noting vast regions like Saudi Arabia are developed by American enterprise. Government does not fund tools or pay the bills.
In late March Canada repealed its special transport tax, prompting thousands of Americans to buy rail air bus and steamship tickets there. US 15 percent tax still applies to US travel, prompting Canadians to mail tickets to buyers and travel demand to soar. The public urged repeal as travel remains essential for business health education and daily life.
A spokesman told a Senate committee that extending the 75 cent minimum wage and 40 hour rule to large retail chains would harm operations and jobs. He argued retail is intrastate, customer driven, and chain leverage would unfairly burden small stores and reduce opportunities for beginners.
In mid April the Senate defeated two amendments altering TVA plans for a steam electric plant at New Johnsonville Tennessee. The vote set up a clash between publicly regulated free enterprise in utilities and subsidized socialized power, urging the public to choose the system that will shape the nation. The article frames TVA as becoming a fully commercial entity and argues the Senate blocked court review of its constitutional status.
Washington correspondents report Administration stalwarts accept repeal of Taft Hartley impossible and return to Wagner Act. Congress and public mood oppose extreme labor leverage. After 1948 elections labor leaders claimed power, yet CIO PAC backed 109 anti Taft Hartley congressmen, 97 won, 3 of 12 lost came from key industrial states.
The rank and file workers stay quiet while leaders speak for them yet evidence shows many loyal union members believe the Taft Hartley Act is sound and fair. It has helped free organized labor from top despotism and racketeering according to supporters.
Nation's Business notes peaks of 1948 won’t repeat in 1949 yet trade and industry stabilize. February and March dips aren’t as severe, while employment falls from cutting costs. A return to aggressive selling is needed as business failures rise. Consumers trim luxuries amid falling prices, delaying purchases. Auto output may hit a new high, with plentiful models and price cuts. Used-car values drop. spring upswing elusive. Government spending supports a high economy, though some fear artificial prosperity from arms budgets and aid.
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