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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Jan 06, 1949
Page
6
President Truman used the state of the union to press for vast social reform measures, including higher taxes and broad economic controls. Congress is expected to be cautious, likely amending the Taft Hartley act and restricting new tax plans while preserving overall goals.
Supreme Court ruling upholds state right to ban closed shops and compulsory unionization. Justice Black says laws forbidding employers from restricting employment to union members protect workers who choose not to join. The decision positions right to work as a civil rights issue and questions Taft Hartley provisions.
Babson argues operating utility stocks offer safety and income amid market uncertainty. He notes low labor costs and strong capital needs favor electric and water power firms, with potential rate increases from commissions, provided dividends remain reasonable. He cautions against utilities in war-prone cities and warns against overreliance on city-backed systems.
In Madison the Wisconsin youth division clashes with the parent welfare department over control and autonomy. Three legislative options are outlined: abolish the youth program, make it an independent department, or transfer powers back to the welfare system. Immediate action by the legislature and governor is urged.
The Tribune reports a rise party in honor of George H Gordon marking half a century of Sunday school work at First Church. Attendees included members and friends at the Cargill home.
Wall Street leaders voiced frustration over high taxes and low investment returns while urging more support for corporate stocks and bonds. Emil Schram, president of the New York Stock Exchange, called for investor focus on postwar needs and policy shifts by investment houses. Some see Wall Street pushing for Americans to invest more in industry through American business leadership.
The 1946 raisin harvest in the Izmir district of Turkey is estimated at over 60,000 tons, signaling a strong year for regional viticulture and export potential.
The analysis notes President Truman largely inherits Roosevelt era programs. It highlights social security, low rent housing, FEPC, anti-lynching, poll tax bills, the St Lawrence Seaway, new departments, education aid, antitrust, price supports, rural electrification, soil conservation, TVA-like river development, commodity exchange regulation, higher minimum wage, and universal military training. Truman’s new proposals include authority to build steel mills and a $4 billion tax increase.
Congressional Republicans rebut President Truman's call for 4 billion in new taxes. Senator Taft of Ohio argues budget balance is possible without tax hikes through government economy. Democrats largely back the tax plan but differ on levy methods amid civil rights program concerns.
Nehru emerges as a pivotal figure in world affairs linking Asia's rise with a proposed Asiatic bloc. He advocates ending imperialism, calls for peaceful cooperation, and has invited 14 eastern nations to a conference in Allahabad to address the Indonesian conflict.
The La Crosse Tribune Information Bureau provides concise answers on diverse topics. Questions cover lisle hosiery materials, World War I veteran benefits abroad, Christ disciples, navy mess cooks pay, U.S. insect damage costs, Magellan circumnavigation, color blindness, world disarmament history, hotel key return authority, reading the Constitution aloud, contest odds, early advertising on street cars, teletimer race timing, dormouse name origin, and Potomac River width at Chesapeake Bay mouth.
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