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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Sep 16, 1949
Page
4
A New York Times dispatch contrasts Britain’s government micro‑management of utility goods with the United States’ free market. It notes a 5 percent price cut would only shave 0.5 points off the cost of living, while in a competitive economy prices across food, clothing and appliances have fallen due to rival firms, stores, and competitive pressure.
The House approved a wage hour measure setting a flat 75 cent minimum wage while preserving the retail exemption with minor changes. Supporters say the exemption protects part time and entry level retail jobs, ensuring employment for those with limited hours or skills. Critics fear higher costs, but experts cite shop drive and consumer needs as justification.
Former President Herbert Hoover warns the nation is on the last mile toward collectivism, predicting rising taxes, deficits, and expanding government power. He decries impending compulsory health insurance and cradle to grave social programs as the political medicine of a welfare state. The key question remains whether the public will resist in time.
The Toledo Blade editorial argues industry wide bargaining concentrates power with big firms, squeezes smaller entrants, and inflates costs. It cites President Truman on monopoly as a threat and notes a Senate inquiry finding labor monopolistic practices. It calls for appropriate legislation to curb such power.
Indiana Highway Commission chair Samuel C. Hadden warns that heavy trucks and trailers damage highways faster than funds for replacement. He cites overloads, high speeds, and rising maintenance costs, urging government action to regulate to protect public interests.
The speaker argues truck weights and high speeds ruin highways, with liberal law violations accelerating the harm. He calls on state governments to act to fix this costly problem.
U S News & World Report interviews Geoffrey Crowther editor of The Economist London on Britain's economic strain. He warns high taxes and expansive social services dampen work incentives and urges moral recovery while noting welfare costs and production limits propel austerity as Congress debates Truman programs.
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