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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Sep 05, 1952
Page
4
A defense of private electric utilities argues 1946 to 1951 saw a 50 percent rise in generating capacity and over 10 billion dollars spent on new construction. It forecasts 1960 capacity at 120 million kilowatts, funded privately, with utilities paying more than 20 percent of revenue in taxes, contrasting with tax-funded socialist projects.
An editorial noting dwindling retail profits amid rising costs and regulations explains that while sales may rise, net earnings shrink, threatening service quality. It argues profit drives initiative and growth, urges consumer awareness, and criticizes political commentary for mixing symbols and misrepresenting leaders.
A scare rumor about crude oil reserves running out in 12 years is debunked by an oil industry officer. He notes 40 billion barrels have been produced in 32 years while reserves grew, and that many fields will produce 50 to 75 more years. Advancements in extraction boost recovery, countering doom forecasts.
A review notes recurring growth in government project estimates from the Reclamation Bureau and the Corps of Engineers. Examples show California irrigation and hydroelectric, Colorado project, and Oklahoma power costs rising from initial figures to much higher later totals. The piece cites two explanations and warns taxpayers bear the price.
The Baltimore Sunpapers praise General Ike for his stance while condemning McCarthy for his attack on General Marshall. The piece notes Ike endorsed McCarthy for reelection yet defended Marshall against McCarthy's charges, reflecting the editorials’ nuanced view of loyalty, truth, and national security.
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