Morality in Public Life and Government Honesty
David Lawrence argues that unmorality in public office shocks Americans and undermines trust. He cites irregularities in the Internal Revenue Bureau and Reconstruction Finance Corporation, noting legal breaches and border-line practices that violate decency and honor. He insists the nation demand old-fashioned honesty and morality from government.
MENTIONED IN THIS ARTICLE
David Lawrence
U. S. News & World Report
Grover Cleveland
Internal Revenue Bureau
Reconstruction Finance Corporation
Washington
Rail service is cheap and hardly affects prices
William T. Farley of the Association of American Railroads argues that railroad rate increases have a negligible impact on consumer costs. He notes total effect at destination is at most one third of a percent of wholesale values, with even smaller shares in retail prices. Freight rate rises have lagged general inflation since 1939, and farmers and manufacturers rely on rates to cover rising wages, prices, and taxes.
MENTIONED IN THIS ARTICLE
William T. Farley
Association of American Railroads
Farley
Retailers face price control clash over postwar profits
The article argues Congress amendments to the price control law were unclear and mainly favor manufacturers and new retailing rules. OPS says retailers must absorb cost increases under old regulations, risking profit margins earned from competition and service. A national profit-control push could harm industry and the economy, echoing fears of socialist policy.
MENTIONED IN THIS ARTICLE
Congress
OPS
Tax system hinders industrial expansion says Godfrey N Nelson
Godfrey N Nelson argues in the New York Times that high taxes drain industry and depress investment. A National City Bank study of 325 manufacturing firms in early 1951 shows higher receipts but taxes eroded net income, stalling growth and savings. He calls for rigorous government economy across all departments to restore initiative.
MENTIONED IN THIS ARTICLE
Godfrey N. Nelson
New York Times
Godfrey
National City Bank
Groundbreaking for California's largest private power plant
A private utility begins construction of California's largest power plant costing 80 million dollars to yield 600000 kilowatts. Generating units start late 1953 with full operation by early 1954, funded by private enterprise without tax money, as part of a postwar expansion push.
MENTIONED IN THIS ARTICLE
California
England
The Issue in Iran and the Value of Honor in Contracts
The piece argues the Iran oil dispute centers on sovereigns honoring contracts. It cites 1933 terms binding for 60 years and asserts that unilateral contract abrogation undermines international trade. Quoting Socony-Vacuum’s Harding, it emphasizes faith in contracts as essential to economic morality and world cooperation.
MENTIONED IN THIS ARTICLE
Charles L. Harding
Socony-Vacuum Oil Company
They Started in an Oil Well Petrochemistry's Reach Expands
A history of petrochemistry explains how crude oil becomes countless everyday items through transformative chemistry. It notes the field’s infancy, its vast potential, and the oil industry’s $100 million annual research investment fueling progress for better living.
Retailers Face Profit Squeeze Under Price Controls
Retailers report strong sales yet profitability remains slim as wholesale price shifts and overhead drive margins down. Officials seek to enforce price controls but gaps in the amended law may fail to prevent retailers from absorbing costs, risking store closures and reduced service.
Also Mentioned on This Page
Melvin & Johnson
Benjamin F. Johnson
Mary Melvin
Market Street
Denton
Maryland
Caroline County
Vsr
Merrie
Iran
Police
The
Denton National Bank
Member
Federal Reserve System
Qowicl
Baef
Isd
Tad Wy
Wille
Rob-Ford
Marian Kemp
Home Service Bureau
Rob Ford
Virginia
Virginia Lee
Doz
Nabisco
Graham Grackers
Ivaniles
Philco
P.t.a.’S
Acme
Philco Plan
P. O
Baltimore 3
Family Circle
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