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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Nov 28, 1952
Page
8
A national retailers head touts a good neighbor policy from Miami to Seattle. He argues stores succeed when they engage in civic and charitable efforts, influence voting drives, and support community activities, aligning store success with town welfare.
Colonel Sidney Bingham chairman of New York City's board of transportation argues government operation wastes resources and that private enterprise delivers better efficiency. He cites NYC bus lines losing money versus private lines that break even and notes higher subway power costs under government ownership. He blames subsidies, tax exemptions, and lack of taxation for any cheap power claim.
A spokesman for the American Meat Institute says packer profits are ridiculously low, averaging less than one cent on the dollar. Carl H. Wilken of the Joint Congressional Committee on Defense Production calls this a warning against a trend toward profit control that could push socialism and communism if unchecked. He argues profits are vital to business health, funding expansion and jobs, and that excess profits are naturally checked by competition.
The Chamber of Commerce notes the average family's tax bill exceeds its food and clothing budgets. For 1952 taxes total about 86.5 billion dollars, with 62.1 billion Federal and the rest state local. Projections warn 1953 Federal taxes may rise by 7 billion, while debt nears 260 billion.
A brief historical look shows pack animals to rails slashing ton mile costs from one dollar to under two cents. Rails enable cheap, reliable transport under all weather, making modern distribution possible and underscoring the railroad’s vital role in daily life.
The Baltimore News-Post argues the government fight against duPont in Chicago may stretch into 1953 to decide if big is bad or good. It notes duPont’s vast influence, alleged monopoly aims, and the defense of national defense contracts. The piece contends big business aided war effort and raised living standards, urging a verdict that bigness per se is not evil and favors a government philosophy supporting national development.
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