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Henderson daily dispatch. (Henderson, N.C.) 1914-1995, December 10, 1935, 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/sn91068401/1935-12-10/ed-1/seq-1/

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Holding Companies Anxious
To Join In With Government
To Speed Utility Act Test
Gadsden Says it is in Inter
est of General Business
Recovery That Ruling
Be Had.
Utilities Anxious to Avoid
Litigation Based Upori
Multitude of Legal Actions
Offer is First Break in
Separate Efforts in Hold
ing Company Fight.
Washington, Dec. 10. (AP) Or
.iii/fil utility holding companies to
il v offered to cooperate with the gov
ernment in reducing the multiplicity
of nits under the holding company
I hilin K. Gadsden, chairman of the
committee of public utility executives,
said in a statement:
If the attorney general and the
Sl' v " are anxious to avoid the prose- I
ration of the multiplicity of suits bas
il upon the public utility act of 1935.
they can rely on the full cooperation ;
nf the utilities.”
The offer was the first break in j
(Continued on Page Two.)
Young Geo. Olvany ]
Attempts Suicide
At Saranac I ,ake
S.uanae Lake. N. Y., Dec. 10 (AP) ;
George W. Olvany, Jr„ 22-year-old j
-m: of a former leader of Tammany J
Hall was found shot and critically j
wounded on the grounds of a desert- i
ed hotel at 3 a. m. today. Police i
officer Waller Duprey said he appa
lently had attempted to commit sui
cide .
11l 15 calibre automatic pistol lav
i! hi ii!i• in the snow. A bullet had
been find through his nose and an
other through his temple.
A short time earlier Olvany had
iveil a farewell party for a small
-inup of friends, whom he had told
ih.it he planned to leave soon for his
home in New Yolk for the Christmas
uumey said Olvany left a note in
dicating he was discouraged. Anoth
-1 note lound in his clothing describ
'd how be. intended to fire a. "test
oi mst to test his aim. The same
note said, "Ibis will be a lesson 1
"•'lit forget.”
Tin. note directed the police to look
in his apartment for other messages
midi eased to my parents and fiance.
In the room officers found notes for
hi. piients and Miss Sidney Schaffer
of Providence, It. I.
Arms Parley
Sure To End
As Failure
All Indications Now
Are It Will End in
Row; Seven Powers
Seek Parity.
Washington, Dec. 10. —Upon the ad
journment of an international confer
ence which has accomplished nothing
(the usual upshot of such gatherings)
the participant powers’ respective
publicity staffs face the difficult job
"I preparing a report to the effect
* hat the meeting was a wonderful
success, and proving it to the satis
-1 act ion of their various home peoples.
By the use of a lot of diplomatic
language, understood by nobody, they
ILirnticrsmt -Daily SKsyatrit
m*‘a'L ' VI uK Sl«:R VICE OF
lIIL associated press.
Bank Resources In
State Are Nearing
All- Time High Now
Win on Olympics
Avery Brundage (left) of Chicago,
and Major Patrick J. Walsh (right)
of New York, led tight in A. A. U.
national meeting in New York for
American participation in Olympic
games in Germany. They won vote
against withdrawal resolution.
(Central Press)
North China
Is Reported
Protest to .) a p a n
About Mancliu In
vasion Brings Very
Little Satisfaction.
Peiping. China, Dec. 10. —(AP)
Chinese sources reported tonight that
an invading Manchoukuan army, us
ing tanks, had driven the special po
lice of southeast Chahar into the city
of Kuyuan after a battle in which
many were killed.
As a result of the troop action, ft
was said, the forces of the Japanese
directed empire of Muuchoukuo were
iu control of more Chinese territory.
The reports recounted that the spe
cial police of the demilitarized area
in Chahar province were unable to
block the alleged Invasion, and that
the police now were held in virtually
a state of siege in Kuyan.
The invasion was said to have starts
ed this morning, with the fighting at
an end by nightfall.
The Chinese authorities made re
presentations to Lieutenant Colonel
Takahashi, the Japanese military at
tache assigned here.
Colonel Takahashi was said to have
requested the staff of the Japanese
Kwantung army to ask Manchoukuo
to desist. He was understood to have
told the Chinese that the alleged hos
tilities wore due to a. wrong distribu
tion of the police, who operate In the
demilitarized zone under an agree
ment between China and Japan.
Eleven Killed As
Belgian Air Liner
Falls in England
Pais field, Kent. England, l)ee.
10, (A I’) — Eleven persons were
killed today when a Belgian air
liner crashed Into a rain-swept
English valley.
Seven of the victims were pas
sengers; four were members of
the crew.
The plane was headed toward
London from Brussels after cross
ing the English Channel in a high
wind, accompanied by ram.
Total Resources as of Nov
ember 1 are $313,109,115
Increase of $52,971,723
If Their Figures Were Avail
able from Federal Govern
ment, Aggregate Resources
Would be $360,000,000;
Can Stand Any Credit De
mands Made.
Daily Dispatch lturcaii.
In The Sir Walter llutel.
Raleigh, Dec. 10. —There is a con
tinued upward trend in the banking
business and in all business in North
Carolina, as reflected in the last con
solidated statement of the 263 State
banks, according to Commissioner of
Banks Gurney P. Hood, who today
made public the results of the No
vember 1 bank call, showing total re
sources of these State banks as a
mounting to $313,109,115, whieir is an
increase of $52,971,723 over the total
as shown in the consolidated state
ment of October 14, 1934.
These figures do not include statis
tics from the 44 national banks in the
State or for the 33 industrial banks,
although the records for »nc indus
trial banks are given separately. The
most recant figures oil the resources
of national banks are thosfc of June
29, 1935, But if the figures for the
national banks were known, the total
combined deposits of Stale and na
tional banks as of November 1 would
at least amount to $360,000,000 and the
combined resources to at least $400,-
000,000, Commissioner Hood estimated.
“If the resources of the State banks
in North Carolina continue to in
crease this coming year as they did
last year, they should equal, if not
exceed the all-time high of 1929, when
the consolidated bank statement of
that year showed resources of $341,-
182,163.” Commissioner Hood said. "I
cannot understand how any of the
banks or bankers can complain about
business conditions in the State this
year, since they are the best since
1929, and, to my way of thinking, get
ting better all the time.
The aggregate resources of the
State hanks in North Carolina from
1929 to November 1, 195;>, arc as fol
1929 $341,182,163
1930 313,529.774
1931 253,692,478
1932 207,701.291
1933 194,133.058
1935 26XU37.391
1935 313,109,115
The resources of the 33 industrial
hanks in the State show an increase
of more than $2,000,000, of which sl,-
(Continued on Pace Five.)
Counties, Cities and Even
State Have no Funds For
New Burdens.
Daily Dispatch Knrenu,
In The Sir Walter Hotel
Raleigh, Dec. 10.—What are the va
rious counties, cities and towns going
to do with the 30,000 or more "un
employables’’ and unemployed who
have not yet been provided with WPA
jobs who have now been cut off re
This question is not only worrying
the officials of the cities, towns and
counties, especially those which have
no funds with which to provide for
these people, formerly on relief and
now faced with want and destitution
but is worrying State officials and
even those at the head of the Worl:s
New Deal for Walker Seen in Farley Greeting
JRHlifil * v aSk JIIL x- Is
Milk >w , b
Os possible political significance Is this meeting of Postmaster-General Farley and ex-Mavor Walker of
New York at Lambs’ Gambol dinner in New York. It will be remembered that President Roosevelt then
governor, was largely responsible for Walker’s resignation and "exile." The others in the srroun' from
left to rigb-'* are Mr. and Mrs. Robert L. Hague. Mrs. Farley and Mrs. Walker.
(Central Press)
Four Resolutions Aimed at
Blocking Action While
Military Controls
Johnston Announces he Will
Support $3 Auto License
Bill; - §enate Moves to
Thwart : Governor’s Pro
gram and Passage of Meas
ures Is Expected.
Columbia. S. C., Dec. 10.—(AP)
Four resolutions calling upon the leg
islature to withhold action until Gov
ernor Olin Johnston suspends military
control of the State highway depart
ment were introduced today at a spe
cial legislative session the governor
called to enact the highway adminis
tration laws.
Objection blocked the consideration
of the measures until tomorrow, hut.
the sponsors said they were confident
they would be adopted despite the
strong plea of the governor for quick
action to set up a temporary highway
administration and provide for pop
lar election of a new commission next
fall to succeed one ousted.
A bill by the youthful Representa
tive Mozingo, of Darlington, which
the governor told the assembly he ad
vocated, was introduced after his ad
dress, with three others, to set up a
h’ghway hoard.
The governor said he was planning
to support a 3 auto tag bill, involv
ing reductions of 50 percent and more
in present license fees, One was be
ing prepared for presentation tomor
The resolutions provided that the
governor be urged to recognize the
present highway executives, and in
two instances called for audits of the
department during the period of mili
tary occupation of the commission.
There was a prospect that Senate
action might block joint legislation
by the passage of somewhat similar
resolutions there, regardless of the
outcome in the House, with its larger
proportion of Johnston adherents.
Senators Nance, of Laurens, and
(Continued on Page Two )
K shopping
days until
Hoffman Denies lie Will
Wage Vigorous Fight To
Save Hauptmann’s Life
New York Journal Says Jersey Governor Has Commit
ted Himself to That End and Quotes Executive’s
Wife as Being in Sympathy with Mrs. Hauptmann
New York, Dec. 10 (AJ.») The New
York Evening Journal said today
that Governor Harold G. Hoffman of
New Jersey has .definitely committed
himself to a vigorous fight to save
the life of Bruno Richard Hauptmann,
convicted slayer of the Lindbergh
ha hy.
The Journal quoted “highest
cources” for its, statement that the
governor has definitely made up his
mind about Bruilo that he will seek
to snatch him frftm the shadow of the
electric chair, evfcui in the teeth of a
contrary vote by the hoard of pard
The disclosure, the Journal said,
"threatened one of the greatest poli
tical upheavals in New Jersey’s his
“You can’t help being sorry for the
inoccnt victim of such a tragedy as
thcHaupt niann case,” the Journal
quoted Mrs. Lily Hoffman, the gover
nor’s wife, as saying.
Fascist Regime Looms As
Possibility if Crisis Comes
in France.
New York, Dec. 10—-The economic
and political situation in France con
tinues to favor Italy. France is find
ing that sanctions i. c., boycott of
trade with Italy is adding to its des
perate financial plight.
Furthermore, there is at present no
stable government in France. The
Socialists, the Communists and the
Liberals are joined in a. battle to the
death with (he Fascists, who under
the title of the Croix-de-Feu, or Fiery
Cross, are seeking to gain control of
the government. The Laval cabinet
sits perilously in between.
The Croix-de-Feu is a war veterans’
organization which lias developed in
to a highly emotional political move
ment. (Indeed, the French situation
sounds as if it were taken from Sin
clair Lewis’ widely discussed new
Jjook, “It. Can’t Happen Here,” which
tells what could happen in the Unit
ed States if Fascists gained control.)
Deflation, which the French monied
interests demanded to save the coun
try from an on rushing depression,
and which the Laval government
adopted, has not aided the nation.
Hardships have been more intense.
Thus, the French people (prover
bially tight-fisted) now are beginning
to demand some spending, as in Eng
land and the United States.
Economists, of course, are saying
that neither spending (a form of in
flation) nor deflation will aid per
manently. They assert that only the
resumption of free Interchange of
trade among nations will keep wheels
It is to be noted that a large part
'Continued on para Five'
"Like any woman, I sympathize
with his wife and little son. If as a.
member of the hoard of pardons my
husband felt justified in helping to
save Hauptmann’s life, I realize what
happiness it would bring to Mrs.
Hauptmann and the baby.
A poll of the jury that convicted
the Bronx carpenter at his trial at
Flemington, N. J., according to the
Journal, ten of the jurors "vehiment
ly reaffirmed” their • original verdict
of guilty, and demanded his life as
“immediate forfeit."
Trenton, N. J., Dec. 10—(AP)—Gov
ernor Harold G. Hoffman said today
that any representations that lie had
pledged himself to save Bruno Rich
ard Hauptmann from the electric
chair were "absolutely untrue.”
“I have never expressed to any one"
the governor said, “an opinion as to
Hauptmann’s guilt or innocence.”
Characterized as Regulatory
Exaction Masquerading
As a Tax
Washington, Dee*, 10 (AP)—-The
Supreme Court heard AAA. process
ing levies denounced today as a "re
gulatory exaction masquerading as a
Former Senator George Wharton
Pepper, Republican, Pennsylvania,
counsel for the Hyosac Mills Corpora
tion of Massachusetts, upbraided New
(Continued on Page Two.)
Wallace Declares
Agriculture Is To
«Benefit From Pact
Chicago, Dec. 10. —(AP) —Secretary
of Agriculture Henry A. Wallace of
fered his “considered judgment” to
day that American agriculture’s gains
from the Canadian reciprocal trade
treaty “so far outweighs losses that
the net advantage to our agriculture
as a whole is very much worth
He welcomed constructive criticism
in an address prepared for delivery
at the 17th annual American Farm
Bureau Federation convention, but de
clared “the other kind of attack—
venomous kind-- is not inspired by
any desire to help the farmers of this
country. I believe that such unbridled
assaults are inspired rather by the
same interests which have fought
every attempt by the farmers to gain
economic fair play.”
The agreement, he said, “attempts
to undo the terrific damage done by
the Smoot Hawley tariff act.”
France and Japan to Block
Elimination of Subma
rines as an Instrument
Os War.
Only That Nation Fails To
Greet With Enthusiasm
American Proposal for 20
Percent Slash in Navies;
No Progress Made Toward
Meeting Jap Demands.
London, Dec. 10 (AP)—Delegates of
the world’s greatest, sea powers sited
tneir frock coats and high hats today
and settled down to real business In
the international naval conference,
beginning secret discussions in an at
tempt to break their apparent dead
lock .
Informed sources expected the Brit
ish to make (lie first, move toward an
agreement to replace expiring Wash
ington and London naval limitations
treaties and to prevent a world naval
construction race.
If was believed (lie British either
would give a more detailed state
ment of their views or would present
their full proposals for a definite re
duction in sea armament.
The reaction to the British sugges
tions or plans probably will deter
mine whether total tonnage of fleet
submarine restrictions, limitation in
tlie types and dizes of ships and guns
or some other subject will be the first
to receive consideration.
Strong opposition by Japan and
Prance was expected to make aboli
tion of the submarine impossible, but
every indication was that a separate
agreement outlawing undcstricted sub
marine warfare would be one of the
first concrete accomplishments of the
Out of the formal opening of the
conference yesterday and ensuing
statements by the delegations, how
ever, there emerged today no indica
tion of progress toward meeting Ja
pan's demands for parity, or equal
ity. with the United States and Great
Britain in total fleet tonnage—-the
vital question confronting the confer
A favorable reception, surprisingly
so to informed naval sources, camo
from all quarters except the Japa*
nose to the American proposal for a
twenty percent reduction in navies.
New Moves
For African
Peace Seen
Hard Bayonet Fight
i n g on Northern
Front in Ethiopia is
Reported to Rome.
(By The Associated I’ress)
Armies oT Italy and Ethiopia en
gaged in desultory fighting today,
while the possibility cropped up of
another gesture by the League of Na
tions toward peace as a concession
to Premier Mussolini.
Both at Geneva and Paris it was in
dicated the 'scheduled meeting of the
Beague sanctions committee of 18.
called for Thursday to discuss an oil
embargo against Italy, would ba
post poqed.
Fcace efforts at Paris, however,
given a. philip by the conversations
between Premier Pierre Laval and
Sir Samuel Hoare, the British for
eign secretary, appeared to be stale
mated temporarily by modifications.
At the war front hard bayonet fight
ing was reported to Rome by Italy’s
northern forces. War correspondents
advised their publications in the Ita
lian Capital that both Marshal Bag
'dolio and General Graziani, com
manders on the northern and south
ern fronts, foresaw possibilities of
more serious fighting soon.
The Ethiopian government announc
ed Ras Seyoum’s armies on the north
ern front won two engagements last
week, scattering Italian encampments
at Kalhabile December 2, and at Man
ager the next day.
Light rain or snow over north
and west portions; colder tonight;
Wednesday fair, somewliat colder.

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