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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Oct 04, 1946
Page
11
The acting Secretary of State warns against a rapid revival of world trade. He says tariff cuts and fewer trade barriers won’t spur broad foreign growth. Nations must reconstruct themselves using local resources and workers, producing for their own markets. US subsidies and tariff changes benefit neither us nor others.
The United States Bureau of Statistics reports a 3 percent annual productivity rise since 1900, with a near future jump likened to a boom. Machinery quality and efficiency drive big gains while manpower hours fall. investment in new equipment is now three times higher than in 1939, though recent declines tied to strikes and union slowdowns have dampened output.
The piece notes retailers face shortages from strikes and postwar production limits yet praise the industry for broad service and efficiency. It highlights tax reporting stress, shifting OPA policy, and price control struggles while asserting American retailing has stretched supplies, maintained standards, and served consumers well.
A dated editorial argues budget cutting is too shallow. It criticizes Congress for election year spending, urging decisive action to curb inflation and protect the dollar’s future value amid global currency pressures. The piece warns continued waste risks the dollar’s credibility and price levels.
Postwar bottlenecks continue to choke manufacturing by delaying expansion plans. General Motors and Ford have paused plans for a lower price light car, not due to demand doubt but because parts and materials supply bottlenecks persist, hindering even current production levels.
The piece laments stalled postwar projects and warns that expansion in new enterprises has been put back in cold storage. It notes the loss of thousands of potential jobs and urges lifting material and price regulations to allow recovery when production resumes.
A 1940s style editorial warns that rising inflation threatens savings and wages, pushing prices toward two thousand dollar autos and fifteen thousand dollar homes. It argues hardship already affects unorganized workers and fixed incomes, testing faith in free enterprise and government while considering risks of despotism if morale sags.
The piece argues that privileging material goods over liberty risks eroding the nation’s principles. It warns that private industry and government upsets could threaten freedom, suggesting a slide toward servitude if Americans demand endless refrigerators, cars, and gadgets.
The Fortune piece profiles Fowler McCormick of International Harvester. He endorses union security and partial management participation but conditions them on three rules: workers may choose to join or not, management must retain decision rights, and capital must earn a fair return through full worker productivity. He warns that forcing unionization, denying management control, or eroding profits risks labor dictatorship, state socialism, and lost liberty.
The Portland Oregonian editorial warns that the OPA report shows large meat storage unsold at ceiling prices, signaling a revived black market that will raise prices for consumers. It argues farmers and dealers may abandon legal channels to seek higher profits, delaying a return to sound supply and demand.
Resident offers surplus melons to neighbors and passersby. They planted more than they can eat and invite the public to take as many as they like at no cost. The gesture emphasizes sharing surplus produce locally.
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