OCR Interpretation

The times-news. [volume] (Hendersonville, N.C.) 1927-current, October 25, 1933, Image 1

Image and text provided by University of North Carolina at Chapel Hill Library, Chapel Hill, NC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn86063811/1933-10-25/ed-1/seq-1/

What is OCR?

Thumbnail for

Slightly colder tonight and fair
* <&lw
Never suppress a yawn, advise*
a University of Colorado profes
sor. And don't let jour company
keep you from falling asleep.
r0L 52—No- 255
rikers Dump Milk and
Stock Trucks Are
Turned Back
IGHWAY blockade
: - MI'ISKS. Ovt. 25.—(IP)
<iumpe.i milk
■ack .shipments of
. -u ket today in an
[■:; i.-1- the .strike called 1
• \. ■ a Fa: :n Holiday A -
; . . ■./.at:ons in Iowa and
>. i dairymen and
. : intention to con
. 'v -a ,!• highways to
to market by
r"> if necessary."
A- • •" W--.. 100 farm strike
v.:» » i a cheese plant
10.000 pounds of
. Trucks loaded
tr. - -aere turned back
a: > \ i ity, la., and deliv- ,
: e wore halted on
VeilUville. Wis.
- . sa.iod roads leading
v..-1 Wis., by piling tim
u ' v\. Production was
r -i- factoi;es of l!ar
r ... Polk and Chip
i j , - n Wisconsin.
.. - n Farm Holiday
c - n Iowa. Nebraska
i'akota met in Sioux
.ay plans for enforcing
: Saturday by Mi!o
15;-. v\ : 't-two president of
t *•-> v-ia: on.
A - - ■ a endorsing picket
t iv. :cciaring. " This is war,,
n | sUe.** was adopted.
fCHICAGO. Oct. 25.—(UP).—
•mer< fought with their fists on |
highways of Iowa yesterday j
n>:!k was poured into Wis-j
sin gutters in sporadic out-1
of the national farm strike. I
>; >: ' : :r. acrivity in the
• v was \ • ai, but in soni3
i."." v.u< action.
N-ar S . :x City, Iowa, Sheriff
am R. Tice intervened when
rv?:< • :e in trying T°
■ - farmers from
; > market. Tice
: the r.^i't and sent the
- - :* • ^ One man, George
/ "r '!vi facial wound -.
• where IT coun
t* the strike, milk
at Neillsville. deliv
e into Marathon |
- ' ■ — >p?ed. and picket -
1 >n in chee>e fac
Barron. Kunn. Rusk.
■ a a coanti
^Although picketing was not a1
of the program, no
"ukf-n against it by of-!
B-1-- National Farm Holi-,
P ion.
■Thetesn atiitn, headed by Milo
P lies, <ii i lar^'d th •
P-'- ■ Saturday. Reno claims
P strike eventually will cover
I m i that farmers will re
I' ~.'!1 anything, re
I their homes, and re
P* t® pay debts or taxes until
pT*re guaranteed higher prices
PD*r>ir • • uluce.
1^' yesterday completed ;i
P' " • i : of the farmers. He
Pesterday with railway
P" in Chicago and secure*!
Pir I: • •• of Sympathetic co
I -
I'*'-- ,-uike basiiallv is i
fW t attract attention to the
Pft' plight, authorities were
pkwsive today that it might
Pi to serious trouble. Similar
^3ur-.< (,f farm unrest in Iowa
P* »nsin last year led fto
destruction, at least twj
v - id numerous injuries.
I i:ueil on page four)
Mrs. Maxwell Of
Horse Shoe Dead
ites Will Be Thursday at
Stepp Funeral Home
funeral services for Mrs. Era
Maxwell, wife of A. J.
of Horse Shoe, who died
1'atton Memorial hospital
^ n?K'U following an operation,
hi b«- he!<l from the Stepp 1* u
"u; ifome on King: street Thurs
at 2 p. m. The body will be
later to Lake Village, Ark.,
r mterment.
w» ?>o OU|, Pabt
h© Salvation Army in New
■bfK Washington and aom«
. ""J" cities reports * shortage
I belp at a reault
Leading Boy
! A musical prou^y who knows his
, instruments is 9-year-old Jackie
I Held (above), who showed audi
ences in England and Ireland a
thing or two about conducting or
chestras. The ,\ouug conductor, a
J native of St. Louis, is shown as
he arrived in Xew York to direct
i an orchestra there.
Issue Would Fail to Carry
if Voted on This Week,
Say Observers
The Times-News Kurcnu
*<ir Walter Hotel
RALEIGH, Oct. 23.—If ths
I election on the repeal of the 18th
' Amendment were to be held this
week, the vote would probably be
against repeal by a good sized
j margin, according to the opinion
of many observers here. Even the
more enthusiastic repeal advo
cates admit that the vote is going
to be close — perhaps much too
' close for comfort.
'%I still believe there will be be
tween 70 and 75 votes for repeal
i in the state convention, on the
basis of sentiment 1 have found
in many of the counties in the
state," an active repeal supporter
said today. "However, there is
no doubt that the ministers, the
church people and the "drys"
generally have been and still are
.very active, with the result that
' North Carolina may still vote
against repeal and be the only
state to fail to vote for repeal."
It is also being pointed out that
while repeal candidates may get a
majority of the votes cast, even
up to 100,000, that the dry forces
may st:II carry enough counties
to hold a majority of the votes
in the repeal convention. If the
drys can get 01 votes in the con
vention, they can thus defeat re
! peal by a majority of one vol'.',
since there will be only 120 dele
, gates to the convention.
"I do not see the slightest hope
I (Continued on pa>re four)
j 17 Mi
| General Electric's Orders
at Peak First Time Since
1929 Says Swope
—(1*1').—The General Elec
tric company has {riven employ
ment t«> 7000 people and increas
ed its payroll by more than $17,
000,000 since the first of March,
j Gerard Swope, the president re
In a statement to stockholders
accompanying a dividend distri
bution, Swope <aid that new busi
ness booked for the first nine
months has shown a steady rise,
while orders have exceeded those
for the corresponding period of
the preceding year for the first
time since 1!>2J>.
WASHINGTON, Oct. 25. (UP). |
President Roosevelt is hoping
that Maxim Litvinoff, Russian]
i commissar for foreign affairs,
! will rcach Washington early in
, November in order that Secretary
of State Hull may take part in
their deliberations on problems |
affecting the United States and,
the Soviet government, the White
House said today.
(UP).—A severe blow to French
trade in Brazil was struck last j
night under a presidential decree
announcing that .because «vf fail
ure of Franco-P»razilian negotia
tions over frozen French credits
in this country Brazil hereafter
would charge a double tariff on
all French imports, which will be
permitted to enter onlv if ex
change conditions permit or if
special authorization is granted.
Exchange will be granted for the
interest on federal, state and
municipal debts owed to the
French only in the amount equal
to that required for governing
Brazilian exports to France.
Soldiers Free Dr. Ander
son Taken by Bandits
Last March
' MUKDEN, Munchoukuo, Oct.
25.— (UP).— Dr. Nils Neilsen,
American medical missionary,
kidnappedd by bandits last March
was rescued by Japanese soldiers
and taken to army headquarters
at Hsiuyen, according to word re
; ceived here.
The captors demanded $100,
000 ransom. Hansom negotia
tions were later abandoned.
ATHENS, Greece, Oct. 25.—
(UP)—A dramatic hush fell over
the packed courtroom yesterday
in the extradition trial of Sam
uel Insull, former Chicago utili
ties operator, when Christos Lad
as, defense counsel, denounced
the United States' demand as a
claim for a "pound of flesh."
The counsel sought to show
that, instead of having made mil
lions out of his utilities com
panies. Insull on the contrary
| had been provided by them with
I "only a pittance of $ IS,000.'"
Processing Tax Of 28 Cents Per
Bushel Imposed On Field Corn;
Corn-Hog Relief Quiz Planned
WASHINGTON, Oct. 25. (UP) j
Secretary of Agriculture WallacOj
la:;t night imposed a processing'
tax of 28 cents a bushel on field
t corn, and at the same time or
, dercd a hearing to determine
whether the government's $350,
i 000,000 corn-hog relief program
is likely, by increasing corn
prices, to reduce consumption to
a dangerous degree.
j In setting this hearing for No
I vember 2. Secretary Wallace re
l sponded to farm belt criticism of
the administration policy of seek
ing to raise the income of farm
ers by taxing the processing of
farm products and distributing
the proceeds to who reduce their
crop acreage.
Some farm leaders contend that
the wheat processing tax already
in effort has resulted in consump
tion of less wheat, corn and rye
being: used instead. They fear the
corn tax will reduce corn con
sumption, thus increasing the sur
plus which the government is
seeking to cut down by reducing
acreage. The hearing will seek to
determine whether the criticism is
The corn tax goes into effect
November 5. It equals the dif
ference between the current aver
age farm price for corn and the
"fair exchange value" which the
administration feels that farmers
should receive. Products taxed
will include corn meal, corn
flakes, pearl or table hominy,
cornstarch, dextrines, g 1 uc o s e
syrups and sugars, corn oil, corn
gluten feed and corn gluten meal.
Announcing Currency Policy
Another major step in the government's economic program was re-!
vealed by the President when he announced in the oval room of the '
White House, as shown here, that he had authorized the li.F.C. to '
establish a government market for newly mined gold in the United
States and to buy and sell gold abroad. This ,he said, was for the
purpose of enabling the government to take control of the industrial
value of the dollar.
New Project Will Protect
More Prospective Ad- i
herents to NRA
United Press Staff Correspondent i
WASHINGTON. Oc t. 25. (UP) j
President Roosevelt by executive
order last night moved to put into I
operation the tariff* provisions of
the National Recovery Act, de
signed to prevent a flood of cheap
foreign products from endanger
ing: the recovery program.
He authorized Recovery Ad
ministrator Hugh S. Johnson to
make preliminary investigations,
receive testimony a;id make rec
ommendations to the President
"to control imports which are ren
dering ineffective or seriously en
dangering the maintenance of
codes or agreements" under the
The intention of tne tarin set- ;
tion is to prevent foreign goods
from competing with domestic;
products which, because of codes I
or other recovery provisions, must j
be sold at higher prices. j
The act and the executive or-,
der issued last night give Johnson |
and the President, in conjunction j
i with the tariff commission, extra-1
| ordinary powers to prevent un-(
, fair foreign competition with cod
ed industries.
In the language of the act it
self, the President may "direct
that the article or articles con
cerned shall be permitted entry
I into the United States only upon
such terms and conditions and
subject to the payment of such
fees and to such limitations in
the total quantity which may be
j imported x x x as he shall find it
I necessary to prescribe.'*
I In short, tariffs on specific prod
, ucts may be raised, imports lim
j ited, or even if deemed necessary, j
i banned entirely.
j The President's order author
| izes Johnson on his own initiative
J or on complaints to make prelim
j inary investigation of any appar
i ent unfair competition of foreign \
' imports, to prescribe regulations
! for receiving complaints and con
■ ducting hearings, to take sworn
: or unsworn testimony, and to de
' tennine whether the evidence ad
j duced warrants further investiga-j
ition. [
If he decided further mvesusa
tion is needed, the administrator
is authorized to present the mat
ter to the President who, if he
agrees, "may cause the' United
States tariff commission to make
j an immediate investigation and
may specify such public notice
and hearing as is deemed advis
The commission, under the ex
ecutive order, must give prece
dence to such complaints over all
other matters and submit its find
ings of fact and its recommenda
tions to the President and the ad
ministrator. The administrator
then will recommend to the Presi
dent whatever action he deems
advisable, and the President will
hold final power to put into effect
or reject the recommendations.
Johnson announced the appoint
met of Oscar B. Ryder, of Vir
ginia, former assistant chief of
the economics division of the tar
iff commission, to assist him in
haindling tariff matters.
Complaints of unfair foreign
competition may be made, under
the Recovery Act. by "any labor
organization or any trade or in
(Continued on page four)
Jackson Resigned Several
Days Ago; Ends 12
Year Service
ASHEVILLE, Oct. 25.—Brown
low Jackson, Hendersonville, has
submitted his resignation as Uni
ted States marshal for the west
ern district of North Carolina at
the request of the attorney-gen
eral, it was learned today.
Mr. Jackson will vacate the of
fice he has held for 12 years as
soon as his Democratic successor)
has been appointed. Senator)
Robert R. Reynolds has recom
mended McK'ee Cooper of Ashe
ville, for the place, but Washing
ton press dispatches intimate that
his appointment may be blocked
by a report 01 special investiga
tors for the department of just
ice. Senator Reynolds, however,
before leaving Monday afternoon
for a two-weeks speaking tour,
insisted that Mr. Cooper would
succeed Mr. Jackson as marshal.
Mr. Jackson submitted his res
ignation in a letter to the attor
ney-general several days ago.
CHARLOTTE, Oct. 25.—Frank
C. Patton of Morganton, United
States district attorney for the
western district of North Caro
lina yesterday advised the Char
lotte Observer, by mail, that he
had resigned from that office,
his resignation having been for
warded to Attorney General
Homer S. Cummings at the lat
ter's request.
Senator Robert R. Reynolds ad
vised The Observer last night in
telephonic communication from
Mount Airy, where he was sched
uled to speak in his campaign in
support of the repeal of the 18th
amendment, that Marcus Erwin
of Asheville, will be appointed to
the district attorneyship imme
diately and that he would prose
cute the federal cases in the
western district for the remaind
er of the district court sessions
this year.
"1 have already taken the ma
ter up with the attorney general
and have no hesitancy in saying
that I am positive Mr. Krwin will
be named as soon as Mr. Pat ton's
resignation is received," The Ob
served today quoted Senator Rey
nolds as saying.
Rotarians Hear
Rev. Burke Speak
The Rev. .Tames P. Burke, rec
tor of St. James Episcopal church,
was the speaker at the regular
meeting of the Hendersonville Ro
tary club at the Skyland hotel to
Rev. Burke spoke on the sub
ject of "Re-thinking Rotary." He
pointed out that almost everything
is being re-thought today, the so
cial order, education, specially
public schools, religion and every
phase of life.
He urged Rotarians to re-think
Rotary with a view to making ad
justments, and that Rotarians as
a group give time to re-thinking
other phases of civic life today.
Bert A. Boyd, of Indianapolis,
Tnd., was a visiting Rotarian at
the ^neeting and other guests were
Sheldon Leavitt, of Asheville, and
Rev. H. Cary-Elwees, of Saluda.
German Airship Buffeted
Through the Night
Over Akron
(UP).—Northwest storm warn
ings from Hoston to Cape Hat
teras were ordered today by the
weather bureau, due to a dis
turbance over eastern Maine
and New Brunswick, which will
probably cause winds of gale
force along the coast until sun
AKRON, Ohio. Oct. 25.—(UP)
The Graf Zeppelin, after being
buffeted through the night by a
strong wind, landed at 5 a. m.,
K.S.T., at the Akron airport.
Although tied to a mooring
mast at 5 a. m., it was not until
G:.S0 a. m. that the huge ship
backed into a hangar, the same
which housed the ill-fated U. S. S.
Akron and the U. S. S. Macon.
Throughout the night the Graf
cruised over the city, waiting for
wind and rain squalls to abate.
Dr. Hugo Eckner, the comman
der, radioed constantly to airport
officials that he would land when
the wind abated to 15 miles per
hour. Calm settled with the ap
proach of daybreak.
Shelby Man Will Be at
Courthouse Here 7:30
P. M. Thursday
Prohibitionists of Henderson
county are looking forward with
much interest to the coming; of
Dr. Zeno Wall of Shelby, to
speak for their cause at the
courthouse Thursday evening at
7:30 o'clock. A large crowd is
expected to greet Dr. Wall, who
is one of the most distinguished
Baptist ministers of the state and
in addition to filling one of the
most important pastorates in
North Carolina, is president of
the state Baptist convention.
County Dry Chairman Roy C.
Bennett calls attention to the ap
pointment of the Hon. Clyde
Hoey of Shelby, to speak in
Asheville on November 5th. Mr.
Hoey will not be able to speak
in Henderson county and Mr.
Bennett urges that both wets and
drys who desire to hear this dis
tinguished Democratic leader, go
to Asheville Sunday afternoon,
Nov. 5, where Mr. Hoey will
speak at 3 o'clock.
The county dry organization,
Mr. Bennett states, has been able
to bring one of the leading Re
publicans of North Carolina, the
Hon. Jake Newell of Charlotte,
to speak in Hendersonville, and
hopes to have a speech from an
equally prominent dry Democrat
before the close of the campaign.
State dry speakers are in great
demand, Mr. Bennett says, and
the matter is in doubt at pres
INDIANAPOLIS. Ind., Oct. 25.
(UP).—Four members of a rov
ing: band of outlaws held up the
Western State bank at South
Bend yesterday and escaped with
j approximately $5,000. One ban
' (lit stayed outside in an automo
bile. one guarded the bank doov.
I another held two employes and
i four customers at bay and the
i fourth looted the cash drawers
! and money changers.
Carolina Prisons'
Houdini Escapes
RALEIGH, Oct. 25.—(UP).—
Dewet Williams, the Houdini of
Carolina prisons, is out again—
and riding in a stolen taxi.
Williams .veteran of many a
| jail break, boasted no cell could
hold him, and made good his boast
early yesterday morning by saw
ing away the bars in the Wake
county jail and dropping two
I stories to fire escape with a mat
tress rope. He then fled down the
fire escape, hailed a taxi and gave
the driver a $5 bill. While the
driven was in a store getting
change, Williams drove off.
He escaped a day before he was
to have been taken to Atlanta
i federal prison to serve a term for
I a silk robbery.
Hangover From Hoover
Regime, Once Disliked j
Is in Ascendency
; United Press Staff Correspondent
Copyright, 1933, by U.
WASHINGTON, Oct. 25. (UP).
In placing; his gold purchase plan
in the hands of the Reconstruc
tion Finance corporation for exe
cution, President Roosevelt has
taken one more step toward mak
ing this controlled affiliate the
most powerful half-brother to the
federal government ever set up.
In addition to handling several
billions of dollars, rivalling the
federal government itself in the
extent of its operations, the RFC
will now, in consultation with the
treasury, fix gold prices and on
that basis buy up newly mined,
gold in this country. Presumably
this will have wide influence up
on the value of the dollar and
affect the price level of all com
I modifies.
There was widespread curiosity i
in Washington as to whv this op
eration was placed in the hinds,
of the RFC rather than in the!
treasury department. The gen-l
erally accepted answer was that I
the administration believes, the
RFC, being a corporation, is not!
subject to the terms of the gold
standard act of 18i»0 which flat
ly fixes the price of gold at
$20.07 an ounce for government
1 purchases.
For some time the power of
the RFC in federal affairs has
been growing rapidly. It has in
effect, become the fiscal agent
of the government. In its rela
tion to the federal government,
jit is something like the affiliatesi
which the big New York janks
have owned and controlled and
which are to be divorced under
the Glass-Steagall act.
When President Roosevelt took
office, he inherited the RFC
I from the Hoover administration.
It had been the previous admin
istration's keystone. Hut Mr.
Roosevelt in his campaign
|speeches had criticised some of
; its policies and it was generally
j viewed by friends of the new aJ
i ministration as an ill-favored
1 member of the family which
would be allowed to feed only at
the second table. The NRA, pub
lic works and the AAA were the'
, favorites. Hut events and the j
driving personality of its pres- J
ent head, Jesse Jones, Houston,1
Texas, banker and publisher, have j
. revived the RFC and its influ-!
j ence now reaches into almost j
every recovery activity of the j
! government. .
Jones, tall, huge framed, bulks
| larger on the Washington horizon
j than cabinet members. He has |
'more to do with government;
money matters than the secretary)
j of the treasury. He is in a,
(Continued on page four)
| Liquidation Of Remaining Frozen
National Bank Deposits Moving
j Forward Now With Rapid Strides
United Press Staff Correspondent I
J WASHINGTON, Oct. 25. (UP).i
; Comptroller of the Currency
i O'Connor revealed last night that
1 only slightly more than one per
cent of deposits in national banks
lemained frozen.
Fifures made public by O'Con
nor showed that 5048 national
banks with total deposits of $17,
028,441,000 were in operation on
October 16. A total of 710 with
frozen deposits of $021,132,000
and unrestricted deposits of $46,
957,000 were closed. The frozen
deposits amounted to only 1.203,
per cent of the total. Of the
i closed banks. 381 with frozen de
J posits of $408,124,000 and unre
stricted deposits of $30,795,000
'have had reorganization plans ap
proved and are in a position to
j reopen soon.
The 5048 open national banks
automatically become participants
j in the government's deposit in
surance plan at the start of the
new year, as do 1500 state banks
now members of the federal re
serve system.
The remaining 8500 banks not
members of the federal reserve
system are the object of a special
drive of the government to bring
them into the deposit insurance
plan. More than 3000 are esti
mated to have applied for mem
bershin in the insurance plan and
special steps are being taken to
bring in the remainder before
the end of the year.
President Roosevelt, with this
(Continued on page four)
R. F. C. Tenders Deben
tures in payment (or
Newly Mined Metal
The government began its open
market gold purchase at the rale
of $31.36 an ounce in President
Roosevelt's new price lifting and
monetary program.
Jesse Jones, chairman of tho
Reconstruction Finance Corpora
tion board, made public the coun
try's gold price after a confer
ence this morning with Dean
Acheson, undersecretary of tho
treasury, and Henry Morgenthau,
Jr., farm credit administrator.
Payment for gold will be made
by the Reconstruction Finance
Corporation in its new 90-day de
bentures. The price set at Wash
ington was 22 cents above the
price fixed in London today. The
price set at Washington yesterday
was $29.80.
The price for gold s»t yester
day at Washington was $29.80.
The increase in this price, as com
pared to today's price, was $1.56.
The statutory price of j;old in the
United States is $20.67.
The newly announced price was
$10.69 above the old statute priro
!of $20.67 per ounce. At the new
price the gold value of the dollar
is 65.91 cents today against 69.33
cents yesterday.
Jones made the following for
mal statement in connection with
government gold purchases:
"The Reconstruction Finance
Corporation will accept subscrip
tions today for its 90-day deben
tures, payable in newly-mined
gold, that is gold recovered from
natural deposits in the United
States and any territory subject
to its jurisdiction, at the rate of
$1.36 per ounce of fine gold. The
procedure for depositing gold in
payment for subscriptions will be
established today by an executive
order of the President and regu
lations of the treasury depart
The debentures offered in pay
ment for the gold by the R.F.C.
will bear an interest rate of 1-4
of one per cent annually. Newly
mined gold is to be deposited in
the government's mints and assay
offices on which R.F.C. debentures
will be paid.
Jones said he was uncertain as
to whether this price would be
fixed daily or as to how much of
the metal would be purchased in
this manner.
Morgenthau and Jones appeared
together at Acheson's office at
9:30 a. m., and after a brief con
ference emerged with the govern
ment's gold price.
They studied dispatches from
London to the effect that London
j brokers had boosted the price of
the metal there to around $31 an
| ounce. In order to keep a market
price higher than the foreign they
were forced to set the $31.36
j A meeting of the Chamber of
Commerce directors will be held
Thursday night at 7:30 o'clock.
| In announcing the meeting, it is
stated that the canvass for pros
pective members has not yet been
completed and it is asked that all
those not yet ready to report on
this be prepared to do so at the
directors' meetting.
WASHINGTON, Oct.25. ((UP).
Close friends of Roosevelt in
sisted he was keeping his hands
off the New York city political
situation involved in the mayor
alty race there.
He ms Vice
Name him I
" Wowm'w
For coirect answers to theei
questions* pUll# htfB |l|| 2)

xml | txt