A fine big son and heir made its arrival at the home of Mr. and
Mrs. Watt Stump early Friday morning. Watt’s smile is as broad as a barn door,
and the youngster and Mrs. Stump are getting along nicely.
Prof. Bruce Ferrell and Miss Hattie Williams are teaching the
best term of school we have ever had here.
Mrs. M.W. Hoskins of Arnoldsburg has been in poor health. She is
an excellent lady, and we hope that her illness will be of short duration.
The May boys are cutting timber on Mud Lick. They have two saw
sets completed and three more to out.
Assessor Bob Knotts of Frozen was looking after some business
connected with his office. We are always glad to see him. He has many friends
here who enjoy his visits.
Government has launched a court fight against 29 major oil
firms, charging that the firms conspired to regulate oil and gasoline prices.
While it will take the government several months to present its case, and then
require some time for the 60 defense lawyers to unify and present their defense,
a comment on the trial at this early stage is in order.
The government believes that during the Suez Canal crisis the
oil firms jointly acted to raise the price of oil when there was plenty of oil
and when there was no justification increases. The oil companies deny this, and
say that there was not plenty of oil, and that they did not confer before making
the price hike.
The trial is something of a farce, for the 29
major oil companies have a worth of several billion dollars, and do not stand to
lose much if the governments contention is substantiated. Each company, if
convicted, can be fined a maximum of $50,000. For a big oil company, $50,000 is
a drop in the bucket.
Anti-trust laws are as important as any of the laws on the books. They are
designed to ensure competition and protect the consumer against giant business
firms, which can--and sometimes do--gain a strangle-hold on prices, or on
supply, and charge what they like. With a product such as oil, the Justice Dept.
is morally obligated to keep a close watch.