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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
The Clermont Courier
Location
Batavia, Ohio, United States of America
Date
Jul 03, 1935
Page
2
A Senate committee urges strong laws to curb collusion and foreign access to US shipbuilding know how. Proposals include banning bid collusion, requiring lobbyist disclosures, and capping profits when the government bears risk.
The President asks Congress for a sweeping tax bill to raise about 1 billion dollars annually. It targets inheritances gifts and higher income rates, with a bottom line of boosting purchasing power for the nonwealthy. Corporations would face stepped rates from 10 to 16 percent as capital grows. Supporters say it links to New Deal reforms. opponents fear political risk and economic impact.
The piece argues small closely held corporations withstand downturns better due to focused management and lower overhead. It contrasts large firms with widespread shareholders and fixed charges, and notes tax policy aimed at breaking up big companies. It also discusses Republican leadership, New Deal opposition, and political maneuvering around Roosevelt and NRA issues.
Stalin argues hard choices were needed to build industry noting that reducing consumption in food and textiles funded metallurgy machine building tractors and tanks. He recalls comrades urging retreat from industrialization saying more consumer goods would suffice. He cites 3 billion rubles in foreign exchange used to import materials, arguing that without heavy industry the country would be vulnerable to external enemies.
The passage condemns state control, murder, torture, famine, slavery, and lawlessness in various states. It warns of future steps to remedy deficiencies and the risk of Britain joining “submerged races of history” that sacrifice children for power.
William Guggenheim argues that the national recovery act faced opposition due to misnaming and urges honest framing. He says the act is legitimate, cites past emergencies, and predicts brighter times by spring 1936 barring unforeseen shocks.
Governor Ely argues against permanent delegation of legislative power to any single leader or body. He warns that emergencies may tempt curtailment of law making by the legislature, risking continued authority to unnamed future recipients of supreme power.
Neville Chamberlain argues that currency stabilization cannot occur in isolation. He warns exchange rates reflect goods and capital flows, and real stability requires broader condition steadiness to avoid an always shifting anchorage.
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