Henderson daily dispatch., March 15, 1933, Image 1

About Henderson daily dispatch. (Henderson, N.C.) 1914-1995

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

                
HENDERSON,
gateway TO
CENTRAL
CAROLINA.
twentieth YEAR
banks over state
OPEN AS FAST AS
LICENSES GRANTED
Operating Without Restric
tions Except Federal Ban
Forbidding Hoard
ing Money
RANK AUTHORITIES
WORK LONG HOURS
State and Federal Officials
Approving Institutions As
Rapidly as Possible, and
Normal Conditions Are
Being Resumed All Over
Country
Kalfign- March 15.—(API— Banks in
even - part of North Carolina today
had been I‘censed to reopen for busl
nr«3 without restrictions, except those
imposed by the Federal government on
hording and business involving gold
and gold certificates.
Gurney P. Hood. State bank com
missioner. and his office force work
ed all night last night and well up
into this monrng preparing the lists
of institutions which might reopen
today-
It was emphasized that the list was
incomplete, and that because a bank
wrs not lifted thereon should not be
taken as a reflection on its soundness
or solvency- This morning the bank
department was busy preparing to add
new names to the list.
There were 54 State banks licensed
hv Hood last n*ght and early today,
nnd all were given permission to re
cume business today.
GOVERNMENT PUSHES PLAN
FOR THE NATIONAL BANKS
New York. March 15 —(AP)—"Bank-
ting hours,” long the facetious sy
nonym for a sinecure, continued to
day to belie the implication of leisure
es the work to speed reopening of the
nation’s sound banks was pushed for
ward.
In most Federal Reserve Bank cen
ter officials worked well into the
(Continued on Page Pour.)
Long Beach
To AskU.S.
Assistance
R. F. C. May Be Ask
ed for $25,000,000 to
Replace . Earth
quake 'Destruction
Long Beach, Cal., March 15.—(AP)
—While repercussions of last Friday’s
doitructive earthquake continued in
milder shocks, civic organizations of
Long Beach planned today a concert
'd appeil to Congress to amend the
Reconstruction Finance Corporation
Finance Corporation act to allow aid
(or restoring private dwellings.
The 42nd and 43rd tremors of the
tfries of strong shocks apparently
teaching all sections of the vast earth
fluake zone were felt at 9:40 o’clock
last night and at 3:14 a, m. today.
The first lasted about five seconds.
Th? second came in three quick jolts.
I' was preceded by a local rumble at
hunting Park. At Long Beach it stop
ped a police station clock and jarred
Icose biicks from buildings already
Tartly wrecked.
Representatives of the civic organ
•zations said that unless the act is
amended. Long Beach must appeal to
the nation through the Red Cross for
approximately $25,000 00U to restore
|ts private residences.
30 Dead As Tornado Hits
Kentucky And Tennessee
Property Loss Estimated Over Million Dollars; Nashville
Bears Brunt of Twister In Early Evening; Many
Small Villages Struck by Tornado
Nashville, Term., March 15.—(AP)—
A marl March tornado lashed the Ten
n?ssee-Kentucky border from the Mie-
K'Rsippi to the Cumberland rivers last
and left behind it 30 known
tad> niore than 200 injured and pro
f'r"y damage estimated above sl,-
000.
The twigter struck earfly in the
after preliminary blows at the
,‘ r and Missouri side of the
*d«issippi and moved a path of de
letion from the valley to the
’Jnta ns through Nashville, Har-
Sale > JeUico and Kingsport, Term.,
tmtnvrsmt Datht Dispatch
Prison to Congress
Francis H. Shoemaker, former in
mate of Leavenworth Prison, who,
despite his prison record, was al
lowed to take the Congressional
oath as Minnesota’s fifth Farmer-
Labor Representative. ♦ Shoemaker
was sworn in by Speaker Henry T.
Rainey following a debate over his
rights in the House. He was sent
to prison for describing a banker
as “a robber of orphans and wid- J
ows” on an envelope mailed to th* '
BANKiNGSYSTEM
AGAIN FUNCTIONS
NEAR TO NORMAL
Activities Are Extended To
Virtually Every Section
of Country On
Third -Day ,*
STOCK MARKET HAS
BURST OF STRENGTH
Shares One to Four Points
Up From Last Market; De
posits iExceed Withdraw
als as Banking Focilities
Are Extended to Every
State In Union
(By the Associated Press.)
The nation’s banking system be
gan functioning on an almost normal
scale again today as the third day of
'President Roosevelt’s progressive
?plans for the reopening of financial
Institutions found activities extended
to virtually every section of the coun
try- ' ;
Hundreds of smaller institutions
.joined the throngs of larger banks
opened in the last few days in the l 2
Federal Reserve district cities, and in
the 250 clearing house centers.
The New York Stock Exchange re
opened for the first time since March
Stocks were traded in blocks of 1,-
000 to 5,000 shares during the first
few minutes. Prices of many leaders
to four points up.
Other exchanges also resumed trad
ing, and on the Chicago exchange
Ibrewery stocks made a quick advance
of three points on the strength of
confidence in the monetary system
and the prospect of the early legaliza
tion of beer. '
The Chicago Board of Trade and the
cotton market deferred reopening un
til some communities in the outlaying
sections returned to full normal con
ditions.
Foreign markets continued firm.
Every state in thi union had bank
(Continued on Page Four)
touching many small villages on the
way.
Throughout the night and early to
day, the list of dead and injured
grew as reports trickled in from the
•rural sections over crippled communi
cation lines.
Nashville, a city of more than 150,-
000 population, and the Tennessee
capital, felt the full force of the
storm as the driving wind whipped
over a fringe of hills and cut across
the eastern portion of the community
howling over houses, damaging build
ings, uprooting trees and littering the
streets with debris. /
ONLY DAILY
FULL LEASED WIRE BBRVira
OF THE ASSOCIATED PRESS.
NEWSPAPER PUBLISHED IN THIS SECTION OF NORTH CAROLINA AND VnSINIA
HENDERSON, N. C., WEDNESDAY AFTERNOON, MARCH 15, 1933
HOUSE BEER Bill
TO RECEIVE FINAL
SENATE APPROVAL
_ 1
Finance Committee Gives
Measure Favorable Re
port Without Even
Record Vote
FRUIT JUICES~AND
WINES LEGALIZED
Economy ißill Due for Pas
sage Today and Beer Bill
Will Come Up Immedi
ately Thereafter; Govern
ment Expects To Raise
$125,000,000 Annually
Washinotgn. March 15.—(AP) —The
House beer bill neared final congres
sional approval today with a favor
able report fro mthe Senate Finance
Committee.
The only change made in the House
bill was an amendment to legalize
Wine and fruit juices of 3.2 percent
hlccholic content, which is the same
limitation as will apply to beer.
Heeding President Roosevelt’s re
quest for action on the beer leg
islation, the committee approved the
bill without a record vote after less
than an hour’s consideration in exe
cutive session.
Chairman Harrison said the beer
.measure would be called up in the
►Senate immediately after the pending
economyd bill, wh ; ch he predicte
would be passed today-
This would permit the Senate to
begin debate tomorrow on the beer
-measure under a schedule which con
gressional leaders predicted would
send the measure to the White House
by the end of the week.
The measure would become effective
15 days after President Roosevelt’s
■signature.
The beer bill is the third step in
President Roosevelt’s emergency pro
gram, and forms an important part
in the Democratic plan for balancing
the budget.
Experts have estimated it will raise
from $25,000,000 to $150,000,000 in re
venue.
Senate leaders are confident of an
overwhelming majority for the bill
when it reaches a vote, with virtually
solid support from the Democratic
Bide and a majority from the fewer
Republicans.
The bill will have to go back to
the House if approved by the Senate
in the form reported today because of
the wine amendment, but Senate lead
ers beieved it likely the House would
accept this change without sending
the measure to conference.
earlSnin
Think Decision Should Be
Removed From Econo
mic Considerations
Daily Dinpntoh Bnr^an,
In the Sir Walter Hotel.
UY J. r. BASKERVILT..
Raleigh, March 15. —The joint com
mittee on constitutional amendments
of the General Assembly failed to
take any action on the two bills now
before It to provide for a State con
vention on the prohibition issue after
(hearing a group' of professional drys
and church leaders oppose both mea
sures. Indications are that the com
mittee will not take action on either
of the measures for several days at
least. <i
The drys opposed both of the bills
on the ground that if the prohibition
question were submitted to a State
convention within the next few years
it would be decided on an economio
rather than a moral basis, and point
ed out that there was no reason for
the legislature to act hastily in pro
viding for a convention, as under the
.Blaine resolution, recently passed by
•Congress, the states are given seven
years in which to take action.
Oppose Election Fight.
They fought the Mac Lean bill, now
before the committee, on the ground
ithat the prohibition question should
(Continued on Page Four)
AW ILL
Rogers
\ly fsoys:
Santa Monica, Cal., March 15—
I don’t know what additional au
thority Roosevelt may ask, but
give it to him, (even if it’s to drown
all the boy babies for the way the
grown-up ones hav e acted.
He will be perfectly justified in ’
drowning any new ones, so viva '
Roosevelt ,and banzai everything.
* It just shows you what a coun
try can do (when you take their af
fairs out of the hands of Con
gress. Yours,
WILL.
Property Taxes On Foreign Stocks
By Counties Is Provided By House
CHURCHES IN QUAKE AREA HOLD SERVICES OUTDOORS
Most of the churches in Long |
Beach and Compton, Cal., hardest |
Congress Tomorrow To Get
Farm And Employment Bills
Roosevelt To Send Emergency Measure for Immediate
Action; Idle Will Be Recruited for Reforestation
Work; Economy, Beer Bills Come First
Washington, March 15.—(AP)
President Roosevelt will send mes
sages to Congress, probably tomorrow
on emerency farm and unemployment
measures for immediate action-
The unemployment program calls
for recruiting of the idle in the cities
for immediate work on reforestation
in all sections of the^country.
The farm plan will be a one-year
experimental proposition, looking to
'acreage with a view to increasing the
value of farm products.
Democmtic leaders at the Capitol
have given the President assurances.
Storm Warnings
Put Up on Coast
Washington, March 15-—(AP)
The Weather Bureau today Issued
the following storm warnings:
Ad. t-ery northwest storm warn
ings Capo TTi'toras to Nantucket
Mass., and small craft warnings
south of Hatteras to Charleston
ordered 9 a. m.
Disturbance of increasing inten
sity central over New Jersey mov
ing northeast ward.
BURLINGTON lT
Two Plants Resume, But
Standard Mills, Start of
Trouble, Are Idle
Burlington, March 15.—(AP) —Em-
floyees in two textile mills here, forced
from their posts yesterday by a band
of strikers and strike sympathizers,
■were back at work today, but the
standard mills, where the movement
originated, stood idle.
The situation was quiet as workers
resumed their posts. Operatives at the
Whitehead Mills went back t 0 work
yesterday a few minutes after the
group of about 150 had ordered them
from the building, and today the
Pickett mill resumed operation-
About 600 workers were idle at the
Standard after the strikers quit in
sympathy with several employed who
had been discharged several weeks
ago following an earlier strike.
GOLDSBORO BANKS
START OFF WELL
Goldsboro, Miarch 15 (AP)—Depos
its exceeded Withdrawals as Golds
boro’s three banks reopened today,
and officials of the Bank of Wayne
by mi dr-morning reported’ business
had exceeded deposits any day in the
institution’s history.
Wather
FOE NORTH CAROLINA.
Fair end much colder tonight
Thursday fair; colder on th£
. coast.
hit by the devastating series of
earthquakes, held Sunday services
that the great party majorities in both
branches will work for expeditious
enactment of both proposals.
First, however, they made plain that
the concentration is on getting the
economy and beer bills—both in the
Senate —to him for signature.
The Senate may vote late today on
the economy authority for the Presi
dent-, and next on the 3.2 bier bill
assed late yesterday by the House.
Under the latest farm relief plans,
the bill does not include price-fixing.
It does make provision for leasing on
a broad scale of marginal lands to
take them out of production.
Roosevelt Influence Seen In
Legislature; Plan $1.50
i Barrel Tax
Daily DiNpnfrh Bureau,
In the Sir Walter Hotel.
BY HENRY LESESNE.
Raleigh, March 15—Despite the
fact that unfavorable comimriPee re
ports have been tacked to all legisla
tion looking to modification of the
Stale’s dry law's that has thus far
been acted upon, the movement for
legalized wine and beer has made
considerable headway within the paid
few dytas, that there is a grgowinig
opinion here that the wine and beer
question will have to be decided on
the floor of the General Assembly be
fore adjournment is taken.
This change of outlook is not with
out cause. A few weeks ago, when
Congress submitted the question of
repeal to State conventions, Wine and
beer legislation was considered to
have been automatically side-tracked
in the General Assembly until the vot
ers of the State should have an oppor
tunity to express their sentiment. The
dtys had been arguing all along thail
nothing should l>e dong to change the
State’s laws until after the voters had
been heard, and there was an agree
ment on the part of some wets to let
matters sOiide (Until North Carolina
(Continued on Page Four.)
Herriot Advises
France To Pay Up
On Debt to U. S.
Paris. March 15 (AP) —Former
Premier Edouard Harriot has frank
ly Wad led France that it is to her
“essential interest* $o pay her
three months overdue debt to the
United States as soon as possible
in view of chmged conditions An
Central Europe, j
While the French government is
seeking a League of Nations in
vestigation of Hitler’s Nazi storm
troopers, and is aroused by their
activities in the Rhineland froiU
tie(r, Herriot has speeded up his
campaign for a close agreement
between England, the United
States and France as “the best
guarantee of freedom and peacej.”
PUBLISHED EVERY AFTERNOON
EXCEPT SUNDAY#
I out-of-doors. Refugees of Long
I Beach are shown at prayer.
SSnged
Opposition to Sales Tax
Holds Firm *in Lower
Branch of Assembly
For Most Part -i
SENATORS, HOWEVER,
LEAN TO PROPOSAL
East Opposed to Levy, West
Is for It and Piedmont
About Equally Divided;
House Expected to Come
Around, More or Less
Forced by Senate
Daily Dispatrh Bureau,
In the Sir Walter Hotel.
BY .1. C. BASKKRVIM,.
Rale’gh. March 15—The stand taken
by Governor J. C. B. Ehringhaus in
advocating a sales tax of some sort
as the only means of providing
enough State revenue with which to
'balance the budget and provide for
adequate support of an eight months
school term, which he recommended*
in order to provide needed property
tax relief, has produced a very fa
'Continued cn Page Four.)
Formal Extension
On State’s Taxes
Not To Be Given
Raleigh, March 15. —(AP)—No for
mal extension of the time limit for
filing State income tax returns be
yond midnight tonight will be made,
but returns filed during March “will
not be penalized other than for in
terest” after today.
A. J- Maxwell, commissioner of re
venue. issued the following statement
today on the State’s position after
the Federal government had extended
th time for filing returns.
"The State Department of Revenue
will not set the precedent of a blan
ket extension of time for filing in
come tax returns, but, in considera
tion of existing conditions and the
action of the Federal government, re
turns field during the month of March
will not be penalized other than for
interest from and after March 15.”
8-Months School Measure
To Be Pushed In Senate
Daily Dispatch Bureau,
In the Sir Walter Hotel.
BY J. C. BASKEBVIIiIi.
•Riatedgh, March 15 —Aiflter being on
the defensive for nearly two weeks,
backers of the MadLean-©aiiey eight
mionitlhs school bill, confident that they
can push the measure through the
Senate in shloitt order, are on the of
fensive and are pressing for an early
vote. They have succeeded in get
ting the bill set for a special order in
the Senatt Thurskfiay,, but it is pro
blematical whether it will come up at
that time because of the constitution
ball, which may give the upper
branch of the General Assembly all
It can do for the next few days.
6 PAGES
TODAY
FIVE CENTS COPY
SENATE VOTES TO
GIVE VETO POWER
Would Also Permit Name*
' of President and Vice-
President Candidate*
on Ticket*
EMERGENCY 7 BANK
MEASURE RUSHED
Would Allow Appointment
of Conservators and Issu
f- ance of Preferred Bank
Stock; Constitutional Tax
Limitations Voted Down in
The Senate
*— * *
Raleigh, March 15.—(AP)—The Sen
ate voted today to give the governor
of North Carolina the veto power,
while the House was passing the 1933-
35 revenue machinery act which
makes provision for 'levying ad
valorcm taxes on foreign stocks.
W|ith the machinery act on its third
reading, passage was indicated when
the House refused 55 to 36 to allow the
exemption of Polk county from the
advalorem taxation as was requested
by Representative Massenburg.
The Senate passed a bill to allow
North Carolinians to vote directly for
president and vice-president, instead
of for electors, and rushed through an
emergency bank bill to allow appoint
ment of conservators and the issuance
of preferred bank stock- The bank
(bill will become law on ratification,
while the election measure went back:
to the House for concurrence in
minor amendments.
The foreign stock tax proposal,
would haVe turned over to the schools
the funds collected by each county at
its ad valorem rate was amended on
motion of Representative Bowie, of
Ashe, to provide that one half of the
(Continued on Page Four.)
Dougbton Opposes Levy on
Stock* Owned in For
eign Corporations
Daily Dlapatoti Rnrenat.
In the Sir Walter Hotel.
BY J. C. BABKERVII.L.
Raleigh, March 15. —Chaning ii
chorus, "We came here to save the
little man from being crushed wti.’i
taxation,” and with much oratory
about saving the homes of the peo
ple, a majority of the House members
yesterday to adopt the amendment to
the machinery act offered by Dur
ham’s R. O. Everett to tax stock in
foreign corporations at the prevailing
,ad valorem tax rate in the various
counties- The vote was 55 to 32 for the
amendment, taken after almost three
hours of the most ablle debate yet
heard in the present General Assem
bly, and in which the opponents of
the amendment had by far the best
arguments and the best speakers.
But because many of the members
said the people in their counties be
lieved that the owners of stock in for
eign corporations should be taxed
"just the same as the owners of any
other kind of property” they voted
for the amendment, although many
frankly doubt its constitutionality. It
is also very doubtful if the Senate will
ever agree to it, while the opponents
(Continued on Page Four.)
The significance of tlhUs move by
the proponents so an eight month?
term, however, is the fact that the
are loudly demanding an early vote,
and that they are confident that the
way is charted for the passage of f’e
bill by the General
been ‘‘hibernating” on the Senate’?
calendar for nearly three weeks wW*
its sponsors waited for the psycholo
gical ntcmert to press for a vote
upon it.
That moment ha# oome. Three
weeks ago Senator A. D. MlacLeem,
who managed to get the six morJihs’
(Continued on Page Two)