Henderson daily dispatch., August 25, 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

                
Anderson,
jATEWAV’T°
central
CAROLINA
twentieth YEAR
CONGRESS TO SEEK
UNFREEZING MONEY
OF CLOSED BANKS
That la Major Problem of
Next Congress, Steagall
Tells lWth Caro
lina Bankets /
CLOSED BANKS WILL
BE THING OF PAST
List Session Fixed That
House Bank Chairman As
’ serts, but Greater Unity of
Banking In Nation Is
Needed; Principal Speak
er at Convention
W. ghtoville Beach, August 25 (AP)
—at<rn to unfreeze every dol*
l-,r ‘n c!o:?d banks throughout the
c:untrv was described as one of the
major prohlems before the next ses.
s;ra cf Congress by Representative H
B Sffaa^l 1 , Democrat', Alabama, in
ar. addrses today to the North Caro
lina Bankers as social'don convention
Representative Stegall Is chairman
(X the House Banking and Currency
Crmm/itteei He explained the pro
vision of the Glass-Stegall bill enact
by thp last congressional session,
nl said its paramount provision
that which insures bank deposits.
'Under this law, we will have nc
jr're dosed banks,” he sa. d.
The adt provides for setting up
coloration under wlrich each bail. l
Is protected, and whe n a bank clew
ed a representative of the corporation
takes it over, and the depositors re
crlve their founds.
“They have b?en talking about uni
f«i banking Stegall co«n
tnued “Well. w e have justified it »•
far a3 the protection off deposits i
concerned, and we may unify it sor-
I?*re.” , * l V**'-
Th e Alabama representative w.a*
ith- principal speaker on the morning
program of the convention.
To Start Inquiry
Into Cotton Tax to
Learn Its Extent
Washington. Aug. 25. —(AP) —Farm
administrators want to know just how
much thr processing tax and the NRA
cede for the cotton textile industry is
costing the consumer, and whether it
is cutting down consumption of the
chief cron of the South.
They want to determine whether
th re is a factual basis for claims of
textile representatives that mills are
being forced to close down because of
a combination of the two recovery
measures.
They are skeptical and made no
bone« about their skepticism yesterday
la calling an Informal hearing Sep
tember 7, when they will open inquiry
into changes in cost recorded in the
las ttwo monthi.
Tobacco As
King Topic
Os Festive
Roosevelt Sends
Message Hoping for
New and Perman
ent U. S. Prosperity
Mullins, S. C. t Aug. 25.— ( AP)—
e thousand visitors joined with
vizens of Mullins today in celebratng
"ig Tobcaco.” the principal money
‘v-P of this section, at all-day fes
t*vities.
*' o, ah!es from all sections of the
,f attended, and the festival took
l, n thp a j r a three—ring circus, with
4 .-plane \shows and free
«tc i Mtie stunts, all adding to the en
e - ainment of the crowd.
' n afternoon program was a
” r ball game, while a series of box-
f, * loUf3 anf l a dance, at which a
v “ 0 crowned queen of the to
,acco festival will be chosen, will be
h? -rt knight.
rr sident, Roosevelt sent a message
T he festi val. It was read during
* program of speeches,
tu ,> ani P icased to take this oppor
r! y on the occasion of your to
<co festival to send a personal word
- ?t< - Ul g to the assembled host of
' rr ' 1 and business men of your
r ,‘ r y agricultural section,” the Presi
p!n' : roaiuage said. “Shch gatherings
r ' go far to solidfy the spirit of
( ' |M 'i : *Mon so necessary in our plan
'" l: '-' in g to this country a new and
' v " l>r prosperity. Assuring you of my
If>ri ' I ‘ir,n of your continued cooper
' ~n. > x end to you felicitations and
- wishes.”
fWMUfcRaoN, N. G
Imutersmt 53atlit jßiauatrh
BANK RESOURCES
OF STATE TOPPLE
IN JUNE REPORTS
Bank Holiday Tragedies Re
flected in Declines Grow
ing Out of Many
Closings
BANKING HEALTH IS
VERY GOOD, HOWEVER
Resources of $212,156,020
Last December 31, Drop-j
ped to $163,307,613 June
30 This Year; Wide Fluc
tuations In Banking During
the Year
I>nl*y Dispatch nnrraa
In the Sir Walter Hotel
nv ,i. t n* *i« i n vii •
Raleigh. Aug. 25. —Hank resources
in Nortn Carolina on June 30, 1933,
toppled from $212,156,020.73 Decem
ber 31. 1932, to $165,307,613.72 in the
1<54 unrestricted institutions with 44
branches.
The December 31. 1932, statement
"overed 211 State banks, with 76 bran
ces. The world came to an end in
sever.’a banking centers during the
Text six months. The national bank
holiday of a week was proclaimed by
President Roosevelt, and these were
numerous State banks which have not
vet opeced without limitations. The
total resources for all State banks as
of June 30, 1933, were $175,655,727.33.
For the tame period the year before
he figures were $196 927,812.36.
Banking fluctuated much during the
/ear. There were increases in the re
sources m some colums amounting to
•21,943,724.26 and decreases of -48,217,-
09.18. The biggest drop was in loans
md dscounte which were $104,913,530.-
26 December si. 193,2, and $108,208,853.-
31 in June, 1932. June 30, 1933 these
'oans and discounts had dropped to
$69,898,100 in the 154 unrestricted
banks and to $76,013,926.69 in both un
restricted and restricted depositories.
The lending has been greatly slowed
up.
The capital stock reduction was
from $17,162,830 December, 1932, to $lO,
796.925 June 30, 1933 in the unrestrict
ed banks nd to $12,229,800 in restrict
ed and unrestricted institutions. That
<Continued un Pace Six)
CHAPEL HILL MAN
GIVEN LONG TERM
Hillsboro, Aug. 25.—(AP)—Convict
ed of the second degree murder of
John Creel, of Chapel Hill, H. C.
Blackwell, of Carboro, must serve
from ten to 20 years in State’s Prfison.
TEACHERS™ RUN
FOR LEGISLATURE
1935 Session May See Them
There With Idea of Right,
ing Wrongs
Daily Dlnpntch nnrrna,
In the Sir Waller Hotel.
HV ,1. C. IIASKEItVILU
Ralsigh, Aug-, 25-(North, Carolina’s
General Assembly which has been do.
minitrd by law-years for the very*
filrsit, according- to complaints at the
present system of making laws, will
have more school men in 1934 than
any half dozen legislatures of the past
have had, according to gossip that
comes to Raleigh.
Many superintendents and princi
pals are leaving the city and county
systems, it 4s said. The law exanain
latiioo of this week lhad an unusual
number of former and present school
men trying for license. School lead
ers over th e State declare that there
1 will he many candidates for House
and Senate membership in the 1934
primaries.
These school people mean to corn©
here to repeal some of the legislation.
The badly shot salary schedule
which went so sharp on tih e upgrade
during the Bicketit admUntetivation and'
improved during the Morrison and
MacLe&n regimes, wil Iform the bas
is for the candidacy of many school
superintendents, principalis 2nd other
teachers, it is said. There were very
few former teachers in the 1933 as
sembly. Cameron,
of Moore, was a former bounty .sup
erintendent. He wrought well for the
1 (Continued on Page Five.)
ONLY DAILY ]
LEASED WIKI 9IRVICI
OF THE ASSOCIATED PRESS.
NEWSPAPER PUBLISHED Pi THIS SECTION OPmTkTR CAROLINA AND VUTOINIA.
HENDERSON, N. C., FRIDAY AFTERNOON, AUGUST 25,1933
Liner Madison Badly Damaged in Gale On Coast
,%. ■ ... *, ,
S. S. Madison, caught in the gale off Virginia shore buffeted for hours before reaching port two
deaths and several injured. Photo shows general view of the wreckage, deckhouse in foreground
uas swept away, killing two officers, broken spars in background.
Wreck of Southern Railway “Cre sent Limited”
Photo shows the wreck of the crack SoutUiern Railway “Crescent Limited” bound from New York to
New Orleans. Two were killed and 18 injured when the train plunged through a bridge into Eastern
Branch, near Washington, D. C.
Wheat Conference Almost
Agreed On Price Schedule
London. Aug. 25.—(AP) —A last
minute hitch delayed the signing to
day of an international wheat agree
ment after it had been announced that
importing nations had ascepted tariffs
and price provisions which had stood
in the way of the accord.
The chief barrier to this agreement
has been the question of how high the
price of wheat must go before the im
porters would lower their tariffs. This
problem was met by a compromise.
The final decision was that tariffs
should be lowered when wheat remain
ed for four months at a price equal
valent to 63.08 United States cents in
Seek Help
To Growers
Os Tobacco
Petitions Signed At
Chad bourn Sent
President Picturing
Likely Ruin
Chadboum, Aug. 25.—(AP)—A peti
tion signed by several hundred to
bacco farmers in this section was sent
to President Roosevelt and Secretary
of Agriculture Wallace today saying
that “unless something is done about
low prices”' ruination will result.
General dissatisfaction has beeit ex
pressed in many quarters by tobacco
growers in the South Carolina and
border belt, and they say something
must be done to remedy the situation.
The, petition forwarded today reads:
“We the undersigged tobacco farm
ers do hereby pettion the President
amd secretary of agriculture to make
special efforts to remedy the low
price of tobacco in th e entire South
Carolina belt.’ The prices on tobac
co sales today show a reduction of
about one-third the prices paid dur,
ing the frst week of sales.
“Unless something is done to im
prove th opr ices in the South Caro
lina belt, the farmers will not be
(Continued on Page
gold r-~ bushel. (Calculated at the
value of th American dollar today,
compared with the gold American dol
lar, this is equal to 9 cents bushel.)
This quotation will fluctuate from day
to day as the value of the American
dollar flue taestuni cmfwvp shrdluain
dollar fluctuates in the; terms of ex
changes. In terms of today’s dollar
rate the exporting nations had asked
-that impoiters cut tariffs after wheat
had remained at 5 cents for four
months. Importers rad agred for a levl
•between 93 and 98 cents.
The exporters, who had demanded
that tariffs be lowered, once wheat'
pasSgersived
___________
City of Norfolk Personnel'
Being Brought Into Port
By Vessel
Norfolk, Va., Aug. 25.—(AP)—Pas- !
sengers of the stranded Chesapeake j
liner City of Norfolk, aground in i
Pocomoki Sound since Tuesday night, j
were transferred to the company’s j
steamer City of Baltimore early today
and are now en route to Norfolk, it |
was said at thfc company's offices here !
today.
All of the passengers are safe, ac- !
cording to a message received here
from Captain Edward James Skipper,
of the stranded vessel, which, with
engines broken down and both an
chors swept away by the fury of the
storm Tuesday night, was grounded
in five feet of water one mile east
of the no’ th end of Watt’s Island.
Two tugs were dispatched to the
scene yesterday afternoon to haul the
steamer off the bar.
JOHNNY LEE* GIVEN
FURTHER REPRIEVE
■ Raleigh, Aug. 25. —(AP) —Less than
j 24 hours before he was to die a re
- prieve saved Johnny Lee, Harnett
I county Negro, from North Carolina's
j 'electric rhai.\
! A reprieve ox at least three v/eelLs
: was given Lee by Edwin Gill, comnis
; sioner of paroles, because of Lee’s
j knowledge of ’he slaying of Arthur
l Campbell, a Negro.
had stood at 82 cents a bushel for four
months, accepted a price of 87 cents
instead. The importers had been de
manding 90 to 95 cents.
These figures, in United States
cents, are the present exchange equiv
alnefcs of the prices set forth in the
finth agreement and argued about
during the period of negotiations.
The agreement provides that im
porters are to adjust their tariffs
downward when wheat has stood for
four months at 12 pre-war gold French
francs par quintal, the equivalent of
63.6 Unitea States cents on the gold
standard.
Druggists
Ask Week
56 Hours
Wages sl2 to sls for
j Help Proposed In
j Code Submitted To
i NRA Officials
I Washington, Aug. 25.—(AP) —A 56-
| hour work week, the longest that has
| been sought in any important code so
I far presented to the Recovery Admin
istration was advocated by retpil drug
gists today in formal hearings.
The code, designed to cover 60,000
druggists with about 150,000 employees
calls for a 90-hour store week at wages
from sl4 to sls for regular employees
in large towns.
Regular employees woujd earn sls
a week in towns over 500,000; $14.50
in towns betfeen 250,000 and 500,000;
j sl4 a week in towns between 2,500 and
j 250,000; and a 20 percent increase in
’ towns under 2.500, this wage not ne<*
essarily to exceed more than sl2.
Registered pharmacists, executives
<Continued on Page Five.)
WEATHER
FOB NORT HCAROLINA.
Fair, slightly wanner in extreme
west portion tonight; Saturday
partly cloudy.
PUBLISHED EVERT AFTERNOON
EXCEPT BUND AT.
NRA DRIVE STARTS
ALL OVER COUNTRY
ON NEXT MONDAY
Decree Issued Wiping Out
All vestiges of Overthrown
Regime of Gerardo
- Machado
NEW ELECTION FOR
FEB. 24 IS CALLED
All International Obliga
tions Will Be Respected,
However; Action Taken in
Opposition to Pleadings of
United States Ambassador
Welles
Havana, Aug. 25.—(AP) —Taking a
firm grip on power, Provisional Presi
dent, de Cespedes today issued a degree
wiping cut all vestiges of the ousted
Machado regime, dissolving Congress
and calling new elections fur February
24, 1934.
The measure, signed with the -cab
inet’s apnroval, and effective imm&-
diately declared unconstitutional the
Machado administration and its acts
since May 20, 1929, when General
Machado was inaugurated president
for a second term.
All international obligations are to
be obbserved, however, even though
contracted since that date. The action
followed a widespread clamor for a
thorough house-cleaning of the re
gime that fell two weeks ago.
It was taken over the opposition of
United 'States Ambassador Sumner
Welles, who, in his capacity as media
tor, has maintained that it is neces
sary t,o continue constitutional forms.
Secretary of Justice Carlos Salad
rigas pointed out that, although the
government obtained the Machado-ac
quired power through a virtual coup
d’etat, and, hence, unconstitutionally,
alt foreign obligations contracted by
Machado and all legislation passed in
the last four years would be consder
ed as “things done,” and, therefore,
still in effect.
VEHICLES’ SALES
MUSI PAY ON TAX
Department of Revenue
Makes Ruling Covering
Such Transactions
Daily UlMpatrti Daren*.
In fk« sir \Vnlt«*» Hotel.
3Y J. <’ 11/iHKEItVIL/.
Raleigh, Aug. 25.—Difficulties at
tending the collection of the sales tax
are reported to the revenue depart
ment whch has made ‘‘an important
luling dealing with the sale of ai
ticles of merchandise sold from ve
hicles, including trucks, wagonsl carts
etc.”
The producer or manufacturer of
such goods is not liable if he sells
them himself, but if they are sold
through stores engaged in the retail
business, or through merchants acting
as agents for the producer, or sold
through peddlers they are liable'. The
ruling provides that the sale of mer
(Continued ft Page Five.)
cresentWed
WREGKCLEAREOUP
1
Bridge Still Out, However,
and Traffic Is Being
Routed Around It
Washington, Aug. 25.—(AP)— Two
wrecking crews, after a night of labor
under flood lights, today reported an
almost complete clean-up of the wreck
of the crack Crescent Limited of the
Southern Railway, derailed early yes
terday over the rain-gorged Anacostia
river, with the loss of two lives.
The bridge, on the Pennsylvania
rairoad lines, which collapsed under
the speedy Southern Railway train
early yesterday, was still out, however,
and rail traffic from New York was
rounted around it.
Seven of the 33 men sent to Wash
ington hospitals after the crash on thq
capital’s outskirts had been released
today and the condition of only two of
those remaining was considered se
rious.
6 PAGES
TODAY
FIVE CENTS COi">
Headquarters Reports
“Ready” for Campaign
To Line Up Compan
ies and Consumers
100 percent Under
BLUE EAGLE IS AIM
Meantime, Johnson Presses
for Coal Code, While Attto.
mobile Code Is Being Left
Temporarily In Back
ground; 1,500,000 Men and
Women To Help
Washington, Aug. 25.—(AP)— The
NRA today reported “ready” all o -er
the country in next week’s push in
the blue eagle campaign, meanwitile
moving deliberately ahead to secure
a coal industry accord and fashion
ing new terms of fair practices for
the retail trade.
Hugh Johnson, recovery boss, con
centrated upon the coal conferences,
at which factions too bitterly opposed
in the past even to deal with one an
other, had been brought into coopera
tive consultation by necessity and the
persuasions of President Roosevelt.
Conclusion of an automobi’e code,
though looked for soon, was being
left in the background.
The division set up to run the blue
eagle drive announced that organiza
tion for the door-to-door push to get
business men 100 percent under the
fclue eagle, and to sign up consumers
by the millions as supporters, has
been spread to every county in. the
United States. It estimated that 1,5C0,-
000 men and women will take part
next week,.
After three days and an extended
night session, the code of fair prac
tice for all retail trades except drug
and food stores, remained in tentative
states. It had been revised by a tnr.de
committee to provide slightly greyer
hour and wage flexibility in favor par
ticularly oi smaller shops and mh
munities, but, despite some objection,
srill banned sale of goods below fix id
costs and prohibited cut rate adver
tising.
Two Cutters Hunt' ,
For Missing Ship
Near Wilmington
Wilmington, Aug. 25. —(AP) —
The coast guard cutters cut thro
ugh the uneasy waters of the At
lantic today and in search of the
motor ship Solarinn, unreported
since it put out from Wlnyah .
Bay, S. C.* Wednesday morning
for Southport, N. C.
Carrying''a crew of 12, the Sol
arlna left Georgetown, S. C., Wed
nesday after being held in Winyah
Bay two days by the hurricane,
should have reached Southport by
4 p. m. that afternoon, coast
guardsmen said.
2 Officers
Being Held
For Killing
Greenville, S. C., Trio
Say Man In Their
Office on May 27
Shot Himself
Greenville, S. C., Aug. 25.—(AP) —
W. G. Maidin, and James H. Powell,
members of the Greenville police
force, were ordered held on charges of
killing Tillman M Miller after a coron
er’s inquest here today.
Miller was shot to death in the po
lice station May 27 and the officers
said be killed himself.
The jury gave a verdict saying, “We
find that Tillman H. Miller came ta
his death at the hands of W. C. Mar
tin and James H. Powell.”
Martin is expert and
Powell is a traffic officer.
Eleven witnesses testified at the in
quest regarding the shooting at police
headquarters here May 27.
Miller’s wife testified she had been
living with Mr. and Mrs. Martin, ar.d
Martin admitted telling Mrs. Miller
“not to let them hold an inquest.’’
Both the accused men maintained
that Miller shot himself, backing up
the story they told soon after thb
shooting, when they said that Mart'n
was cleaning his gun when Miller
walked into the office.
After some conversation, they said,
Mi’ler asked to look at the ilofa
suddenly fired through the criling and
almost immcdiatelv sent a second
through his had. He died instantly.