Business: The Great Road

The biggest public works program since the Pharaohs piled up the Pyramids will help the economy for another generation. Before the signature of President Eisenhower was dry on the highway construction bill, Commerce Secretary Sinclair Weeks announced the allocation to the states of $1,125,000,000 in federal funds for the first year. The Associated General Contractors predicted that $100 million in construction contracts will be let by state highway departments within the next two months. Another $300 million in contracts is expected before the year is out. The bill, which raised taxes on gasoline a penny a gallon and increased taxes on...

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