Newspapers / Henderson Daily Dispatch (Henderson, … / March 7, 1933, edition 1 / Page 1
Part of Henderson Daily Dispatch (Henderson, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
"^tfENDER&ON, gateway to 5 CENTRAL CAROLINA. year SOME BANKS ARE OPEN FOR LIMITED SERVICE CORPORATION COMMISSION IS ABOLISHED finance affairs ABE PUT ASIDE 10 GET OTHER BULS Measure Put Through Per mitting Building and Loans To Require 30 Days Notice VOTE FOR TRANSFER OF HIGHWAY PATROL Senate Passes and Sends Measure to House For Put ting It Under Revenue De partment; Appropriations Bill For $80,000,000 Is Re ported R:ileish, March 7.—(AP) —Abolition of tho State Corporation Commission 4iiut its leplacement with a public utilities commission was voted by the General Assembly today as financial legislation, temporally at least was almost entirely thrust aside. The enacted into law one fur ihrr "emergency” fiscal bill, passing lr'ihout debate a measure already ap proved in the Senate, which allows building and loan associations to de mand 30 days notice before funds may be withdrawn. Appropriations Bill In. Just before the House adjourned. Representative Newman, of New Han o\*?r, chairman of the House Ap propriations Committee, sent forward hs re-written money spending bill, filling for expenditure of $38,000,000 in Ihe next biennfum. The measure van set as a special order for Friday. Transfer of the highway patrol to 'he revenue department was voted in the Senate. On oral vote, the House passed Without the Senate measure to abolish the present Corporation Commission cf three members, effective January I. 1934 A' that time the governor will ap (Continued on Page Four.) Legislature Not Likely To Adjourn Plenty To Do Besides lax Measures; Await Word From Governor Daily Dispatch Rnresit. „ 111 Ihe sip Walter Hotel. BY J. C. BASKERVILI, Haleigh, March 7.—The General As- ; mh| y is not now expected to recess J a _dourn in the immediate future, f’Pi'e a good deal of talk to the es- Pft both yesterday and today. For ' has become known that Governer J. Ehringliaua i« vigorously op posed lo any recess and there are in- ons that he will have some im- I>oi'an* matters to lay before the as sembly either today or tomorrow. Yes nday he made it known to leaders ,5 e over long distance telephone from that he considered any ,. OVe 'awards a recess 'as very un imcl>’ a *td asked that no move in ♦Continued on Page Three.) Means Good Times Ahead, State Treasurer Declares Dully bf«|»ntt‘li Rurenn, !" tlM * * ,r Walter Hotel. Ral ~V •*. O, nASKKKVILL. le, 'Bh, March 7—“ North Carolina tbft United States a« a whole are nt,:iin K upon a new era, and I corv /“% believe that by Saturday peo win have more money and that and economic conditions wall J tham, they have In a long Treasurer Charles M. thi 03011 sa ' ild todJa y- “I believe that tv, 3 ljunk holiday over the entire na l‘ th e ijie-rt thing that oouHdi have t bcth for the State and na , and ( hat when the banks re- U' r-T 11 n a few days that every •l3 wi.i be on a better foundatipu HE NOH«SO?n‘ UBRA ' ,y slMutersmt tl atltt Utarrairfi FULL LEASED WIRE SERVICE OF THE ASSOCIATED PRESS. HOOVER BIDS HIS AIDES FAREWELL fg M MBjr jPIKf MfcM:-. 1 Hai:sA- j- .v;^ ~ 3 if r x. . •• ••x. •vv •'••• •* Herbert Hoover, retiring as presi dent of the United States, is pic tured bidding farewell to mem State Leaders Believe Bank Holiday Is Start General Improvement Governor Not Least Down cast But Feels Greatly Encouraged Over Future Outlook BOIL HAS BURST; RECOVERY IS DUE * ■ i ■ Burke Says Situation Due to Hysteria, While Stedman Says Condition Is Going To Prove Blessing, in Dis guise for the Whole Country Dally Dlft|»nt<‘li nnr.’na. In the Sir Walter Hotel, nv J. V. BASKFiII V1L.1,. Raleigh, March 7. —The present hanking holiday is go’ng to mark the beginning of general economic re covery in every line of business and industry, instead of marking the end of the world,! as some apparently be lieve, aqd is really going to mark the beginning of a new era, according to the opinion of most business and gov ernmental leaders here. Most of them agree that while it is not known what Steps will be taken to remedy the pre sent situation, that there is evident a gerater feeling of confidence in the •Federal government and in the Presir dent than has been evident in many months. They believe that President Roosevelt and Congress are going to do something definite and tangible to restore confidence and do it quickly, and when that is done conditions will begin to improve immediately. Optimism in Raleigh. While Governor J. C. B. Ehringhaus has not yet issued any public state ment since h’s return from Wash ington, where he spent all of yester day in the conference of the various (Continued on Page Three.) and t/hat conditions are going to im prove from.'now on. When the batiks reopen at the end of the week, they will probably open cm a scrip basis, Mr. Johnson believes. But he also believes that this will be a good thing and that *t will sttimU late basis and serve to put mfc>re money in circulation, although, 'he adh mlits that he has no idea whatever concerning what Is in contemplation in Washington. If the banks are not reopened) on a scrip basis, he be lieves that the government wfll have to guarantee bank deposits in some (Continued Page Three.) ONLY DAILY beni of bis “little cabinet”, as sistants the cabinet members, on the \.nite House lawn. Alleged Members of Gang That Stole Boettscher Are Arrested Denver, Col., March 7. —(AP) —Two alleged members of the gang that kid naped Charles Boettscher 11, wealthy young broker, for $60,000 ransom, are beh'nd jai! bars, Chief of Police A. T. Clark announced today, and two other men who helped stage the abduction are known and their arrests are ex pected soon Clark said the kidnapers’ rendez vous, where Boettcher was held more ihan two weeks had been kva’ed bv the authorities in the hits rear Mit chell? South >V>Lota. The identity of the two men being held is closely guarded. One has been in jail in Denver since Saturday night Three women and a man said to be friends of the alleged kidnapers are a’so in the Denver jail for' investiga tion in connection with the abduc tion. 7’he names were not made public Their connection with the case was not explained. May Try Zangara Thursday Miami, Fla., March 7 (AP) —Ar- raignment of Gufiseppe angara on charges pf the miurder of MQayor J. Geririak of Chicago was set for 9 a. m. Thmiadiay. ( The date was set by Circuit Judge Uly O, Thompson cm agreement of attorneys. / The date was set after Zangara was led into the court room; by officers. Before Zangara was brought into thie court, room a flurry of excitemtemit was caused) wthen deputieb searched all in the room for weapons. Zangara bowed and. smiled at has ! attorneys, who were again appointed by the court to defend ’him. The State’s attorney asked that ar rangements be made immediately on grounds the State was ready to pro - ceed with the trial. WEATHER FOR NORTH CAROLINA. Generally fair tonight and Wed nesday, except probably rain in ex treme west portion tonight; cold er tonight and in extreme east portion Wednesday. NEWSPAPER PUBLISHED IN THIS SECTION OP NORTH CAROLINA AND VIRGINIA. HENDERSON, N. C„ TUESDAY AFTERNOON, MARCH 7, 1933 Zfrn Seeks Ruling on Constitu tionality, Since Congress That Passed It Has Expired 10-DAY LIMITATION CUED BY SENATORS Permits President To Sign Within That time Aker Adjournment; Wou 14 Withhold From ’Market Certain Government* Cot ton To Be Allocated Washington, March 7 (AP) —Pres- idtent Roosevelt was urged today by congressional Democratic farm lead ers to ‘ak e an unprecedented action and sign the Smf.tih coition b’.ll wihiloh PiesJdenlt Hoover refused to sign in the ckxing hours. The President took under advisee ment the plea and called in his at torney general to gtive it considera tion. A peGnfc of constitutional law !, 3 involute* on the right of an inoam ing president to sign legislation pars ed by a now dead session of Congress. The faym leaders pointed out that ; the Constitution aLHows ten days after the close of a session of Congress for a Prcs.'deat to rfsgn legislation. The Smith bin would withhold freon th.e miarket the approximately 2,500,- 000 bales of cotton now held by gov ernment agencies undey the stabilisa tion program. Thcs cotton would be turned over to cotton growers who would agree to out down thear pro duction this year by the same amount of cotton they would take over from the government pool. Fear Union Os Germany To Austria Hitler Victory in Germany Brings Possibility Nearer Than Ever • Vienna, March 7. —(AP) —The move ment for a union of the Teutonic na tions, Germany and Austria, a fre quent cause of’alarm in neighboring countries since the World War, was given new impetus today. Hitlerites held mass meetings thro ughout the country last night acclaim ing the victory of the former Austrian Chancellor Adolf Hitler, in the Ger man election. Meanwhile, the question was debat ed whether parliamentary govern ment has been eliminated here. Of ficers empowered to call parliament in session resigned Saturday after a stormy meeting over treatment of irailway workmen. The semi-official newspaper Reichspost said Parliament “abolished itself” and not even Presi dent Miklan can re-assembte the body fWILL ROGERS *soys: Beverly Hills, Calif., March 7. Everybody is all excited over “scrip.” We are all for it; The way it sounds all you need is a foun tain pen and a prescription blank That’s what we been looking for for years, a substitute for money. Say this Roosevelt is a fast worker. Even on Sunday when all a President is supposed to do is put on a silk hat and have his picture taken coming out of church, why this President closed all the banks, and called Congress in extra session, and that’s not all he is going to call ’em either if they don’t get something done. Yours, WILL. P. S. So come on with your scrip. The psychology of the stuff not being actual money is going to make everybody want to buy something. WILL. PROSPERITY CHECKS STIR BUSINESS P~,. ti»T or BA»tjW WMV. OHIO . M6UE>itr CKtcK ■ cltV » HaMIW WMY. Mtig H I * issue of tvT / " ~ ~ ’ w » : MARCH 1,1933 n ,, e460; , ] l CHECK l : PAYTt > ——. sl op : ■ lh '* ct ** accepted bv on purtha* of 50 cent. or cner "» “ Tb» rhei k ntuM befull> stjmi»e«f epdorsed THw rlwrt *1 and retumnl (u o(W «t the banks nafned be |\| I* nlier F.ftSn IV r , w,wnib,f « *»»t bank, only r Urn U.r |w\ nirni w«hm s,x»v 4 MM day. (rv.n Jr* ~ ' r V men ! * toy n o DOLLAR -«• * ■ •ron.EJ J»vmOS »*M« Hnuitw I «. - w a. ciTitCNs I.VJNOS oanis * .Lit* Treasurer aCtAi Mmh a*fc«l These “prosperity checks” are stimulating business in Martins Ferry, 0. 4 Three thousand, bear ing a fAce value of one dollar and backed by cash in three banks, have been issued and are being accepted by mercantile establish ments in payment of accounts. However, before a check is re deemable at the bank, it must bear Guarded Re-Opening Is Allowed By Government Douglas Becomes Budget Director Washington, March 7.—(AP)— Lewis Douglas former representa tive from Arizona, today took the oath of office as Federal director of the budget. Within a moment after Mrs. Brownie H. Kerr, chief clerk of the budget bureau, administered the oath, ho plunged into his task ot helping to find ways and means of bringing the Federal govern ments expenditures within its re venpes. For days past he has been at work on it unofficialyy in seek ittg *o formulate governmental re organization plans. WALSHIS iSSjF Without Him, Roosevelt’s Official Family Will Be Quite Different By CHARLES F. STEWART Central Press Staff Writer Washington, March 7. Political Washington is frank to admit that it had not realized the extent to which the peraonaliyt of Senator Thomas J. Walsh promised to color the new ad ministration until his death revealed it.’ Recognition today is general that without him the cabinet will not be what had been expected. It may be as satisfactory, but it will |>e distinctly different. Comment on Capitol Hill is virtu ally unanimous that except for Presi dent Roosevelt’s own no igure in the ■new group stood out so individualis tically as that of the attorney gen eral designate. $« * * EXTRA SESSION BRIEF? President Roosevelt is quoted as de siring fast work and the extra ses sion’s termination in not to exceed 60 days but experienced politicians ipredict he will be disappointed. Their (Continued on pa«r Three.) i G. O. P. IN SENATE PICK NEW LEADERS Washington, March 7 (AP)— ■ Senate Republicans in caucus to day agreed upon Senator McNary of Oregon as leader and Senator Fess of Ohio as his assistant. WHAT BANKS CAN DO Under regulations issued by Secretary Woodin, banks atre per mitted to exercise the following functions: 1. Handle drafts or other docu ments i» cv»uiection with shipV ments, transportation or delivery of food oir feed products. ' 2. Accept payment of accounts on or in settlement of tobUgatJciis due it >»y its customers. 3. Make change. 4. Allow customers free access to safety deposit boxes. 5. Cash checks drawn x on the treasurer of the United States, on the condition that no gold or gold certificates be paid. 6. Return without restriction all PUBLJSHE2D EVERY AFTERNOON EXCEPT SUNDAY. 15 improvised three-cent stamps, purchased from the city, and af fixed by as many persons handling the check. Thus, with each check, the city has discharged a debt to the extent of sl.*, 15 business houses have benefited by the ex change and the city has added 45 cents to a relief fund ihrough the sale of stamps. Essential Activities Permit ted To Be Performed Under Treasury Head’s Ruling PREVENT HOARDING, WARNING TO BANKS permission For Withdrawal of One-Thrid of Deposits Being Considered, One Official Announces; Roos evelt Writing Special Mes sage to Extra Session Washtington, March 7.- —(AP)— A guarded re-opening cf the nation’s banks to permit essential activities was allowed today by Secretary Woodin. In orders prescribing to what extent banking activities may be carried on. the secre taiy of the treasury outlined functions they might perform, such as meeting community needs for food and other necessities, pay rolls and maintaining employment. The regulations specified, however, that every precaution should be taken to prevent hoarding or unnecessary withdra/wals, and that no gold or gold (Continued on Page Three.) Checks For Stamps To Be Passed (By the Associated Press) Post offices are going to accept cheeks in payment for stamps and mjail master as soon as the Treasury Department issues an expected regu lation permitting depositors to with draw one-third of their deposits from liquid banks. An order has already gone out from Jamies A. Farley, pasttanaSfcer general, to that effect. Checks on. temporar ily closed banks are being accepted for income tax payments, provided a "diligent and, conscientious effort” has been made to furnish either casth or a post ofUce money order. The Internal Revenue Bureau ruled that checks on banks with govern ments securities in their vaults would be accepted in payment for tobacco excise tamps. Otherwise the stamps now may be bought only wliltih cash or pest office money orders. cash, checks and other items de livered for deposit or collection after the last closing of business hours, and which have not been entered ton the bank’s books. 7'. Pay out without restriction new deposits made in special “trust fund accounts” c*.i the con dition that no gold shall be paid out. 8. Complete Settlement for checks charged to account on or btefor e March 4, Provided the completing does not JivUve pay ment es money or currency. 9. Return, to customers docu ments and securities held for safe keeping. 10. Exercise usual banking func- 6 PAGES TODAY * FIVE CENTS COPY CHARLOJTE BANKS^ Making Change I n Coin and Currency Not Pay able in Gold; Cash Federal Checks ACCESS TO BOXES IS ALSO ALLOWED No North Carolina Bank Can Do It Legally, Under Governor’s Order, Gurney Hood, Bank Commissioner, Announces; State Rule To Be Modified (By the Associated Press.) Banks in Charlotte, Durham and Elizabeth City onened todav un der Federal of the banking holiday, but those in Dur ham and Elizabeth City closed closed after being open a few hours when atviset of a ruling by Gurney P. Hood, State commis sioner of banks, that no bank in the State may legally open until the State holiday is modifiel or expires. » Charlotte’s six commercial banks, the Depositors National Bank of Dur ham, and two banks in Elizabeth City were the first in the State to take advantage of the modification of the Federal emergency law issued by Secretary Woodin. v Shortly after they opened, however, Hood announced his ruling. The Char lotte banks—four of them national (Continued on Page Three.) Congress Is To Back Up Roosevelt Democratic Majority All Set To Give President Anything He Requests Washington, March 7.—(AP)—Uni fied Democrats in control of Capitol Hill stood ready today to rush thr< • ugh the extra session of Congress be ginning Thursday whatever legislation President Roosevelt thinks would meet the national emergency, or. fail ing that, to give him extraordinary powers to act alone. So anxious were they to cooperate that Senate Democrats agreed to bin t themseiives as they have not been 'bound since the World War. In a pre liminary organization meeting, they voted 50 to 3 a rigid rule under which future caucuses by action of a ma jority could bind them to support a (particular piece of legislation. That rule is even more stringent than the open upon which Sneaker- Nominee Rainey and House leaders can rely if need be, although they see ilittle possibility now of such a need. House Democrats, under present rules ican be bound to vote as a unit only if two-thirds of them agree in caucus. Both House and Senate majorities would excuse Democrats who had made previous pledges to consti tuents; the Senate •ftrould excuse, too, iconscientious objectors. But in the Ipast few have been relieved from vot ing with their party on these grounds* tions to provide for absolutely necessary needs of communities for food, medicine, relief of disl> tress, pay rolls and expenditures to maintain employment. 11. Deposit collateral In the United States to secure advances to branches in foreign countries. 12. Clearing house associations conditionally authorized to issue certificates against sound assets of banking institutions* but not be fore Friday. Authorization revok able at discretion of secretary of the treasury. 13. Ranks authorized to continue ta act us trustee, executor, ad ministrator and other estate func tions, pifo*lded no 'Currency or coin is paid out.
Henderson Daily Dispatch (Henderson, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 7, 1933, edition 1
1
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75