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Newspaper
Preston Citizen
Location
Preston, Idaho, United States of America
Date
Dec 29, 1949
Page
2
Babson predicts total business volume for 1950 will fall short of 1949 due to labor conflicts. Inflation risks, pension drives, and continued Taft Hartley law shape wages, taxation, and debt. Exports drop while imports rise. stocks favor inflation plays and diversification.
Washington scene criticizes President Truman for not using the Taft Hartley law to curb major strikes. The piece notes his authority to seek injunctions for 80 days and questions his political motives benefiting unions ahead of the next election. It discusses the Brannan farm program and Brannan plan’s reception among farm groups and government leaders.
The Commerce Department notes a national slump with high business failures in small ventures. Despite uncertainty, 913,000 new business institutions are reported as many Americans start ventures without prior experience, intensifying competition among firms.
Vice President Barkley declares the Democratic party has made the nation more prosperous content and universally employed than any prior period. He touts the party’s program as the best in years and says they are proud of their record with no apologies.
Rail executives push for steeper freight charges more passengers and higher earnings to revive past prosperity. They blame competition from autos trucks and airlines while acknowledging slow adaptation by railroad leadership to modern transport shifts. The article notes lobbyist influence waning as cost pressures mount.
Public press has spoken much about the Brannan plan a controversial scheme to boost direct government dependence for farmer income and extend government controls.
A number of informed senators oppose price hikes by United States Steel as strikes rock the industry. The pension plan liabilities loom large for steel firms while U S Steel struggles to win public affection, complicating potential settlement efforts. Government investigations are noted as a factor in the broader issue.
The report notes enemy submarines 50 miles offshore could strike New York Washington and Boston and reach inland areas. It urges not to worry about what Russia might do and asserts the United States can fix them any time.
Ladies of the Study Group met Friday evening at Viola Esplin home to hear Mrs. Karis Johnson review This Is the Place Utah by Maurene Wipple. A salad luncheon was served by the hostess.
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