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Newspaper
Shafter Press
Location
Shafter, California, United States of America
Date
Oct 28, 1959
Page
2
The excerpt extols electricity as a changing force enabling fuller living and cheaper power. It notes electric service costs about one percent of family budgets while supporting vast daily tasks, compares spending on power with liquor and tobacco, and lauds the industry as a revolution driven by free individuals in a free society.
Harvard Business School professor Wilbur B. England studies 1958 food chains showing higher sales but lower after tax profits due to rising expenses and stiff competition. Wage increases and marked expense growth skew profitability, with 1957 net profit after tax about 1.40 percent of sales.
The piece argues a 50 percent sales tax on gasoline would raise the total levy to about half the retail price. It compares state and federal taxes, noting consumer burden and past increases from 1949 to 1958, with motorists facing rising costs despite public sentiment.
Local papers note that inflation harms business by eroding capital for replacing worn tools and equipment. Critics warn that weak currency and repeated devaluations threaten American taxpayers and the government's ability to provide for basic needs.
State local and federal tax collections in California reached a record 10 953 276 588 for the fiscal year, up 539 million from the prior year. City and county sales taxes added 192 million, with state sales and use taxes at 631 million. The State Chamber notes population growth from 6.9 million in 1940 to about 15.28 million today.
The notes advise handling Sasanqua camellias with espalier use and ground cover potential. Water roses if rain is scant and prepare late bloomers like gladiolus bulbs by storing tops dry, trimming above the bulb, and removing the old mother bulb. Also consider Holly, Christmas Berry, or Pyracantha for spot color and tying branches for shape.
A brief public notice urges residents to attend services at their preferred church this Sunday, highlighting freedom of worship and community gathering opportunities.
The passage lists Mr. and Mrs. Roy J. Cook and Mr. Gordon Loflin Hardwick of Cross, California as weekend guests of Mr. and Mrs. John P. Dean in Shafter with Rt. 1 addresses. Rosco Davis visits Winters as grandfather of Mrs. Norval Winter for a week. A note on installment buying mentions Viet citizens gaining pay as you go access to expensive items.
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