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Newspaper
Shafter Press
Location
Shafter, California, United States of America
Date
Dec 09, 1959
Page
2
The piece notes a Western state public service commission hearing on a proposed 10 percent rate increase by an electric utility. It argues the utility has not raised general rates in 49 years and suggests rising costs and wages should be offset by efficiency rather than higher rates.
Bank of America creates a subsidiary named Small Business Enterprises to supply capital to small firms by buying stock in them. The program operates under the 1958 Small Investments Act allowing banks to form such subsidiaries to fund growth, with funds available through over 600 branches nationwide.
A major chain food store head argues profits are the primary duty of business, enabling fulfillment of all other responsibilities to employees, stockholders, customers, and the community. He notes retailers survive on thin margins and high volume, with profits funding expansion and jobs.
Unwarranted pessimism clouds observers in assessing Soviet rocket advances. Dr. Herbert F. York notes the real issue is not national survival but embarrassment from the perceived lead in space research.
Nine years ago Merton Wiedmann planned to lead the 20 30 Club with new Horizon Club initiations at Shafter High School. Earlier years recall Edwards Tract annexation efforts, a 264 bowling score by P V McClure, and Don Little becoming fire chief. Other items include coronation ball plans, visits to Kansas, and Christmas party activities by the American Legion and area groups.
The 1959 Census of Agriculture is about half finished in the area. Leonard C. Isley of the Census Bureau in Los Angeles says cooperation from farmers has been good and completion is expected within ten days. Prompt farmer participation will reduce final costs and aid publication of results. Farmers are urged to have questionnaires ready when a census taker calls.
Letter from Robert McCarthy Director, Motor Vehicle Dept. California, to R. Robert Evans at Shafter Press praising the Shaftcr Press editorial from October 21 1959 on state budgeting and economy policies as insightful and supportive of his department’s efforts.
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