HENDERSON, GATEWAY TO CENTRAL CAROLINA. nineteenth year . BANKS HUNT Raids In Bear HEAD OF EXCHANGE SAYS RULES WONT ALLOW SUCH MOVE For Two Hours Whitney Par rics Questions and Ans. wers With Commit tee Members BLAMES PUBLIC FOR THE 1929 INFLATION Agree* With Democratic Members in Poking Jibes at “No More Poverty” Slo. gan Heard In Those Days; Wheat Belt Senators Most Inquisitive W ashing! »n. April 11. ID—Aii nilnMrmtion claims of I war raids on thr slock market were called -purely ridiculous" today hy Richard Whittles, president of the \>s V»rk Slock lltrhantr. Appearing in answer to the Senate Banking Committee's subpoena. Whit ney explained he could not submit the data of last Friday's short-selling posi lion on the stock exchange until next Friday April 8 marked a new low level in stocks. Whitney, surrounded by the In quisitive senators and a pack of spec tators. also denied vigorously that there is any "bear raiding'* on the stock exchange, and insisted the rules wouldn't pertnti it. For two hours the bronze-faced stock exchange president parried questions and answers with the com mitteemen. Senators from the wheat belt indulged in most of the examine turn. Whitney blamed the public for the 192* stock price inflation and agreed with Democratic members as they poked jibes at the "no more poverty" slogan heard in those days. CANNON DEMURRER j DECISION APPEALED i Lower Court’s Sustainer Taken Higher Up By Government Agent Washington, Apr?! 11. (AP) The government today asked the District of Columbia Court of Appeals to re verse the decision of a lower court sustaining a demurrer to an indict ment charging Bishop James Cannon, Ji . and Miss Ada W Burroughs, of Uschmond. » Va. with violating the Federal corrupt practices act. They were indicted for failure to make proper report of contributions received during the Southern Metho dist churchman's fight against the presidential candidacy of Alfred E. Smith in 1928. Justice James M. Proctor, of the restrict of Columbia Supreme Court, held that ten counts of the indict ment failed to charge any offense un d-r the corrupt practices act. 9* de clined to pasa upon the constitutional ly of the act. which has been chal lenges! by Bishop Cannon. A hearing on the appeal is not ex pected before next fall. tonith Carolina Negro Slayer Is Rushed Into Pen Abbeville. 8. C.. April 11. An Abbeville merchant who returned today from Long Cane Creek swamp, exported that Tom Wardlaw, Negro, accused of slaying Andrew J. Fer guson. Abbeville oounty farmer, had captured by National Guardsmen and was being rushed to the State Prison at Columbia. The news was brought to Abbeville V Julius King, the merchant, who bed gone to the swamp to deliver pro visions to the aNtinnal Gmnrdsmen w aging a manhunt for the Negro. King said his information was that the Negro was surrounded and cap tured without trouble He was imme diately placed in an automobile and rushed to Columbia. BAN on PROPOSED BY U. S. Onenr*. April 11.—(AP)—AboU tion of tanka, heavy mobile artil lery and the use of gas was ad 'l’rated today by Ambassador Hugh s. Gibson In an address to the disarmament conference. Umiteramt Hath) tltautrtrh ONLY DAILY NEWSPAPER PUBLISHED IN THIS SECTION OF NORTH CAROLINA AND VIRGINIA. r or L BERVICB ahholiatco press. SENATE ORDERS EXCHANGE PROBE Aroused by collapse of security | prices and reports of foreign ! campaigns against the American t dollar, the banking committee of ■ the senate has launched upon its | long-threatened probe of proses- I sional short selling on the New York Stock Exchange. Senator 1 Frederic C- Walcott, Jr., inset, j above, of Connecticut, regarded : as administration spokesman, led I SECOND ELECTION I FOR GOVERNORSHIP' SEEMS inevitable; Very Few Political Observ ers In Raleigh Expect Decision in Primary I of June 4 EHRINGHAUS MOVING AHEAD, SOME THINK Rapidly Displacing Foun tain, While Maxwell Is Al so Making Gains, Observ ers Say; It’s Field Against Fountain; Maxwell Pleas ed With Progress llnilr DUiialrk 11 lire .l*, In the Hir Waller flolrl. IIV .1 C\ BASKKRVIM,. Kulrigh. April 11.—J. C. B Ehring liaurf is at last nosing into the lead for the Democratic nomination for governor and is rapidly displacing Richard T. Fountain, according to opinion inpolitical circles here today, where the progress of the campaign is being closely watched. Some think Ehringhaus is already in the lead. It is also generally agreed that A. J. Maxwell, generally considered as be ing in third place, has been making some substantial gains during the past two or three weeks and the Max well supporters maintain that he is gaining strength steadily and will soon be in second place. Only the Maxwell followers are inclined to believe this, however. It is also generally agreed here that a second primary seems inevit able. either between Ehringhaus and Fountain. Maxwell and Fountain or Ehringhaus and Maxwell is depend ing upon developments, of course. Ex ceedingly few of the observers here believe that any of the three candi dates will be able to get enough votes In the first primary to make a sec ond primary unnecessary. The more enthusiastic Fountain fol lowers continue to maintain, naturally (Continued on Page Two.) Stock the movement for a special session of the banking committee to con duct the inquiry. Richard Whit ney, below, president of the New York Stock Exchange, was direct ed to appear before the commit tee with the exchange record re lating to short salaa. Photo above is of Broad street, just beyond Wall Street, New York, arrow in dicating the Stock Exchange. Can’t Bar Bolters, Mr. Brummitt Says Raleigh. April lh—(AP)—lf a candidate in a primary in this State fail* to keep his pledge to support the nominees of the party in the gneeral election, it does not serve as a basis for barring the candidate from filing in future primaries. Attorney General Den nis G- Brummitt ruled today. Brummitt ruled on the matter of inquiry of George C. Hampton, Jr., chairman of the Guilford County Board of Election*. DEMOCRATS ASSAIL PAYINGOF BONUS Rainey In House and Robin, son In Senate Declare Course Unsound Washington, April 11. (AP)—ln the face of a drive before the House Ways and Means Committee for full pay ment of th bonus. House and Senate l democratic leaders joined today In assailing the legislation. Hardly huu me plan to inflate tbe currency by issuance of two billion dollars of United States notes to pay the bonus been put before the com mittee. before Representative Rainey, of Illinois, the Democratic leader, is sued * statement calling It “un economic. unsound and destructive.” A little later Senator Robinson, of Arkansas, issued a similar statement in opposition. GANG SUSPECT IN ; jQHNSTON ESCAPES Smithfleld. April 11.—(AP)— Major Mitchell, one of six persons, arrested in Johnson county recently in a round up of ad alleged "vice gang," escaped from the county jail early today. No trace had been found of him this aft ernoon. a* HENDERSON, N. C., MONDAY AFTERNOON, APRIL 11,1932 LINDBERGH Market Ridiculous, FARM BOARD INQUIRY ORDERED RELATIONSHIP OF BOARD .AND VARIED EXCHANGES ASKED Commodity Trading To Come Within Scope of Investigation Order ed by ybte BILL IS FATHERED BY SENATOR NORRIS Operation of Farm Board Subsidiaries and Salaries Paid to Officers, Long Crit icized in Congress, Will Be Gone Into By The Com mittee Washington, April II.—(AT)—A broad Investigation of the Farm Board and commodity exchange was ordered today hy the Senate. A resolution authorising the Senate Agricultural Committee to make the Investigation was ap proved without debate. The resolution, introduced by Sen ator Norris. Republican, Nebraska, di rects iinquiry into all exchange deal ing in commodities over which the board has jurisdiction, and “to ascer tain the relationship between such ex changes and the operation of the board.” The investlgation* will include in quiry into the operation of the Farm Board subsidiaries and the salaries paid to their officers, which have been severely criticized in Congress. CONGRESSSALARY BILL SHARPLY CUT Measure Reported To House $7,903,517 Less Than Current Year Washington. April 11. (AP) The $20,223,889 supply bill for the legis lative branch, on which the Federal salary reduction fight is to come, was reported today to the House by its ap propriations committee The measure, which provides $3,236,- 524 for the Senate and $8,187,924 for the House, including salaries. is $7,- 903,517 less than the appropriation for the current year, and is $2,293,973 be low the budget estimates submitted by .President Hoover. prosMonready IN HAWAIIAN TRIAL Fortescue - Massie Case Moves Into Second Phase In Honolulu Honolulu, April H.— f AP)- -One side, the prosecution side, of the story of the killing of a Hawaiian accused of attacking a white woman, was ready to be told in court today as the For tescuevMaassi** C'honor slaying'' trial moved into its second phase. Selection of a jury having been com pleted Friday, the prosecution assem bled witnesses for the presentation of testimony and evidence, the next step in the deepßt drama th “Paradise of the Pacific" has experienced in years. FIVEESCAPEJAIL IN CURRITUCK COUNTY Currituck, April 11.— < AP>— Four Negro prisoners and another who was 1 unidentified overpowered Jailer Reu ben Duncan and Armistead Morrisette In the county jail last night and es caped. CHATHAM BANKAT SILER CITY OPENS Raleigh, April ll^v-(AP)—. The Chatham Bank at 1 Siler City, which closed December 90, re opened for business today. Com missioner of Banka Gurney P. Mood said. mmt r - - RANSOM Whitney VETS ASK FURTHER BONUS GRANTS ,v. , ~ 1 m S i'sk\ ;; ' 188 I |yLJ£*.JHi' gjPP . -> 'u " sac •■rtf.- ~T - c Members of veterans’ organiza tions are shown in front of the capitol in Washington, presenting petitions requesting further bonus grants. Top photo shows the pa rade of veterans in front of the capitol. Below, Paul Wolman, past grand commander of Vet eran <>f Foreign Wars, presents URGES SILVER AS MONEY STABILIZER International Confer en c e May Result From House Committee Inquiry PROBLEM IS STUDIED Ohio Congressman Tells lh>w Silver Plan U Different from Bi-Meta llsm. lJke Rope Stabili zer for Balloon By CHARLES I*. STEWART Central Preen Staff Writer Washington, April H.— “Silver';; function as money.” said Representa tive William L. Feisingre of*"*Ohio, "should be to serve as a stabilizer. A stabilizer.” repeated the Ohioan, do ing his best to rub the idea in, “like the stabilizer on a balloon.” Judge Fiesinger (he was a common pleas judge in Sandusky before he came to congress* undoubtedly hit on his illustration by accident, but it was as pat as ever I heard. Economists explain their various currency-stabilization programs by the hour and nobody understands a syl lable; yet here had the thirteenth Buckeye district's new representative in Washington made his plan as plain as a primer in a little figure of speech of half a dozen words. The stabilizer on a balloon is a long long, rope hanging down from the basket -quite a heavy rope, which, as the balloon rises, tends to drag it back toward the earth by its weight. But as the balloon sinks responsively, more and more of the rope rests on the fround. correspondingly reducing the load on the big gas bag, which thereupon again begins to rise, only to be pulled earthward once more by the increasing length of rope it must sup port. A rope stabilizer has this advantage over a cargo of sand: The sand is effective enough in preventing the balloon from ascend ing too far, but if the aeronaut does wish to rise higher and heaves his (Continued on Page Four.) PUBLISHED EVERY AFTERNOON EXCEPT SUNDAY. Declares petitions bearing 2,550,000 signa tures to Representative Wright Patman, of Texas. Left to right, below, are Representative Snell, of New York; Senator Brookhart, of Iowa; Representative Representative Hpnry Rainey, bf Illinois; Senator Charles McNjfory and Paul Wolman. GENERALSALESTAX FIGHT IS RENEWED Hanes and Mac Lean Count ed on To Pilot It Through 1933 Senate HANES VIEWATTACKED Winston Paper Says Theory of Sales Tax Has Been Opposed hy Demo cratic Party All Through The Years Dally Dispatch ftarena, la the air Waller llofrt BY J. C. BASKK.K VIM, Raleigh, April 11.—The forces which tried to compel the enactment of a general sales tax in the 1931 General Assembly are continuing their efforts to build up a psychology favorable to the enactment of a general sales tax in the 1933 General Assembly, despite the refusal of Congress to enact such a tax, political observers here are con vinced, pointing to the recent speech in Winston-Salem of Robert M. Hanes, president of the Wachovia Bank and Trust Company, in which he "advo cated the general sales tax as an equitable means of broadening the tax base.” The vigorous manner In which Santford Martin, editor of the Winston-Salem Journal, took Mr. Hanes to task for his advocacy of the general sales tax. has also given rise to much comment in political circles here, where the history of the effort to enact the sales tax in 1931 is well known. In his speech before the Wilsonian Democratic Club in Winstondtalem which only a few weeks ago was ad dressed in similar vein by Angus Dhu Mac Lean of Beaufort county, who with Hanes worked for the enactment of a general sales tax In 1931 Hanes is reported in The Journal to have "characterized the statement that ‘the sales tax is a tax upon the pinch ed stomachs and bent backs of the poor’ as ‘assinine and stupid'.” It is around this statement by Hanes that the editorial in the Journal is built. No one here who knows Hanes and (Cgßtiitue4 on Page Four) 6' PAGES TODAY FIVE CENTS COPY! MONEY 100,000 PAID. BUT SIOEEN BABY STILL IS NOT RETURNED Lindbergh Ready to Replace Currency With Gold If Only He Can Recover His Child THINKS MONEY WAS PAID TO RLGHT MEN Parties Receiving Bills Con vinced Him They Were Bonafide Agents If Not Actual. Kid'napers Them selves; Admits There Was Original Ransom Note Hopewall, N. J„ April 11.. - The sign of tha» double cross flamed across the Unglbergh baby kidnaptug case today. i Colonel Charles A. Lindbergh has paid $50,000 Cor his stolen child but the baby has not been returned. The serial 1 numbers of the bills are in the han Js of bankers throughout the country*- They have been requested to telegraph the Treasury of the Unit ed States if any of the bill* all us 1928 issue--come to their notice. Colonel. Lindbergh, in another of the rara statements he has authorized •ine* tte,* child was stolen from the Sourtang'i Hills estate March 1, mado several/'more points clear last night. He disclosed yesterday that there was a r. original ransom note, and that his note was such as to provide an absolute means of identifying the kid naprf s. He made clear that the parties to whom he paid S.V).rtQO in $5. and $lO *n