Newspapers / Henderson Daily Dispatch (Henderson, … / March 10, 1933, edition 1 / Page 1
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"HENDERSON, gateway TO CENTRAL CAROLINA. twentieth year PRESIDENT CALLS FOR ********** v EARLY BANK RESUMPTION Executive Order Signed In Spite Further Holiday Meantime, Rigid Restric tions Are Clamped Tight ly About Operations of the Banks FUNCTIONS LIMITED TO MODIFICATIONS Emergency Banking Act Rushed Through Congress “Makes Possible Opening of Banks’" on Sound Basis, Backed By Adequate Cur rency, Woodin States Washington, March 10. —<AP) President Roosevelt today signed an executive order making possible the early resumpiicn of banking opera lions in substantial volume. Washington. March 10. —(AP) A presidential proclamat : on kept rigid restrictions clamped tightly today about operations of the nation's banks until—possibly tomorrow —many of them can reopen for business as us ual. Less than two haul's before the re strictions would have become inef fective at midnight last night, Presi dent Roosevelt used the power Con gress had just given to h*m by ex tending the bank holiday "until fur ther proclamation.” "hat meant for the time being banks can do only what they have been doing the last few days—enough business to prevent food shortages or keep people from going payless. There was no change immediately in the various regulations issued by the Treasury since Mr. Roosevelt’s pro clamation slapped on the gold em bargo and started the money holiday last Sunday n’ght But eariy tocay Secretary Woodin announced that the emergency bank ing act rushed through Congress yes terday and giving extraordinary pow ers tc the President “makes possible 'he opening of banks on a sound basis Vckccl by an adequate supply of cur ie ncy.” MORTGAGE ACTIONS DEALT SEPARATELY Foreclosure Matters Handled by In dividual Coses; Wils«*i Banker Reported Halting New York, March 10.—(AP) — The Metropolitan Rife Insurance Com pany announced today it was still pur ging its previously announced po licy of “handling each case separate ly' in dealing with mortgage fore closures. If. B. Bateman of Wilson, N. C., president of the branch Bank and. Trust Company, the money lending agent of the Metropolitan in Eastern North Carolina, announced last night f’ p had been Instructed to halt fore closuies on all mortgages under his (jurisdiction pending- further instruc tions. Broad Power For Mergers By Counties Bills in Legislature Would Permit Elec tions at Any Time as Final - 1 ' Unity lM«ipn»«*h nnmii, In the Sir Walter Hotel. •IV J O. MAMKICH V11.f,. Raleigh, March 10.—Broad powers °f consolidation and annexation are Piven local government units of North Carolina whenever the voters of both ™ lll » express their approval at the H'dls, under three bills introduced In ’h* General Assembly by Senator ‘Aiken of jCatawba and which are 11 in the hands of Judiciary Com ftll,ce No. 1. There has been an in fusing demand for legislation of (Continued on p u »e Three.) Mmtftrrsmt FULL LEASED WIRE Mipvmn ' op the associat'd Sentenced To Die , #ST : - iM •; j V ;|jj \ . >*.*.*.. s<; : i : . j ;V ; : < ‘ : lii — _ .. X ..... ■' . j. GUISEPPK ZANGARA Hysteria Os Legislators Cooling Off Ehringhaus Letter Has Soothing Effect in Face of Banking Situation Hally DTnpnfrli Rnrena, In the Sir Walter Hotel. lIY J. C. BASKERVILL. Raleighs March 10 —The hysteria w|h'*ch prevailed i,n the General As|- .•tomtbly, aind especially in the House, for the first few days of Mii's week, largely as the result of the “bank hotl i'fflay,” ha's cooled oflf ctcinsillderaibly as ilhe result of ibhe "bUM holiday" that was brought about by Gov. J. C. B. Ehriingihaus when he nskied that ail Vomi’dterait ifJf. of )lhte apiprop ital‘ ii'onfc and revenue bitl'ls be postponed until •such a IftrrD as h« decides to address a Joii'nt wos&iloin of this assiseomjbdjy. This “hill holiday” (has served for the time being to diivertt the anilnids of tthe letg islafcoirs from tfheete two troufbJesame money bills and from the fadtlidns that were comsitnig into being. , Better Spirit Evident A miuchs better spirit wtas evident itn both houses yesterday amid today and members were working wtith mtoire deliberation antd with, less radicalism evident than >iox imtore than a week, according to Observers. As la reshllt of the agreement to postpone all conv sidieraWion oif these 4rwo highly o^ntroh (Contlnued on Page Eight.) FkWILL F% Rogers \J Pjoys: Santa Monica, Calif., March 10— Say, while you are giv>ig credit tor all this bank holiday, (remem ber it was an pld ei^cowpuocher, Governor Blazar, of Nevada, that started it away last summer; and t if everybody would have done it then, the banks would have done had a whole lot more to divide up than they will have mow. But that is one thing you would have nevdr got a Republican ad ministration to do—voluntarily close a bank. Their theory was leave ’em open till they shut|. We cm think of the most things that would benefit the patient, but we never think of ’em till we see the hearse going by. Ypurg, ONLY DAILY NEWSPAPER PUBLISHED Legislature To Debate Prohibition On Monday Cover Bill Special Order For Night Session; Death Blow Dealt Truck Legislation In House; Senate Debates Re-Writing of Sta te’s Constitution Raleigh. March 10.—(AP)—Debate on the Cover bill to repeal the State’s Iprbhihition laws today was set for Monday night by the lower house of the General Assembly as the Senate spent several hours discussing a ro writing of the State’s Constitution and carried the bill over to next Tucs day without taking a vote. The House put the Cover bill as a special order to open next week's work 'after adopting a minority favorable report in preference to the unfavor able listing of House Judiciary Com mittee No. 1. Reappoi(ionment Reviewed. Re apportionment of the House re present ation as to give three “west ern” counties —Mecklenburg, Guilford end Buncombe—each a new repre sentative at the expense of New Hon over, Nash and Rockingham was brought back to life by the House The measure was killed last night but was reconsidered and set as a special order for March 17. Though an effort was made to have Zangara Is Given Penalty Os Death a Denounces Judge, Calling Him Capitalist And Crook; To Be Executed for Fatal Shooting of Mayor Cer. mak With Bullets Aimed at Roosevelt Miami, Fla., March 10—(AP)— * Guiseppe Zangara, zealot and assas sin today was sentenced to death in the e’ectric chair for the murder of Mayor Anton J. Cermak of Chicago in his futile attempt to kill President Roosevelt. Sentence was passed at 10:31 a m. by Circuit Judge Uly O. Thompson, who read the sentence from a pre pared statement, ending with "and may God have mercy on your soul.” There was a flurry in the court room after sentence was passed as Zangara denounced Judge Thompson and shouted: Japs Take Gateway To Great Wall Resignation of Chi nese General Ac cepted by National alist Officials Chinchcw, Manchuria, March 10.— (AP)—Japanese army headquarters announced troops under Major Gen eral Tadashi. Kawahara completed oc |rup’ation of Kupeikow, Great Wall (Continued on page Throe.) H ifiEDSpStt Vigorous Action Taken Against Communists In Independent States Berlin, March 10- —(AP) —Chancel- lor Hitler’s merciless campaign against communism was advanced in the state of Bavaria today by an or der from General Franz von Epp, the new federal commission for the ar rest of all communist officials in the State. / In Pressia also the inti-commuist campaign continued. Thousands of, imprisoned communists faced the pos sibility of Incarceration in dention camps at hard labor. The government tightening its grip on the independent states has received the resignations of the cabinets in Saxony and Baden. HENDERSON, N. C„ FRIDAY AFTERNOON, MARCH 10, 1933 tlatly Btamtfrft V V f 11V V Y V V MM m m m - - _ _ - - _ IN THIS SECTION OF NORTH CAROLINA AND VIRGINIA. HUGE GOVERNMENT CUT -f******** * *\* * * * * * IS PLANNED BY ROOSEVELT the Houdfc reconsider the tie vote by which it yesterday failed to pass the Newman bill to regulate contract car riers, the bill was cfealt death when the motion was tabbed 55 to 36. House business was delayed two hours by debate on "a bill to exteud the limits of Roanoktt Rapids, but the measure finally passed its second reading. The Senate adjourned for local bills tomorrow and to resume regular busi ness Monday night, while the House held an afternoon meeting. Ehringhaus Invited. Both houses rushed through a joint resolution invit'ng Governor J. C. B. Ehringhaus to address the General Assemylb at his pleasure after the House had stricken out a proviso that the invitation state he was to speak Monday night, March 13. The House also sped along to the Senate under a suspension of the a bill imemmiately to reduce the cost •tfont'.nued on Page Three.) “You give me electric chair. “I’m no afraid that chair. "You are one of capitalists. “You 13 crook man, too. Put me in electric chair. “I'm no care.” Deputies rushed Zangara from the court room as he shrieked the last sentence. Spectators were held in the court room until after the prisoner w!)j i emoved to the elevator carrying him to jail. Under the In; 'a law, the execu tion date will be fixed by the gover nor of the State and officials of the State penitentiary at Raiford. Quotations Os 7 Cents For Cotton Atlanta, Ga., March 10 (AP)— Mi advance of 50 (*> 75 points in the price of spot cotton at Danas las, Texas and inactivity at most other centers, in keeping with the banking holiday, ajre reported by the United States Department of Agriculture’s Bureau of Economics The repiort said Dallas expcr;j ( ©need “excellent demand” with few sellers. Norfolk, Va., reported sales of 25093 bales, prices seven ctlUs, middling basis, 7-8 staple. Cermak Funeral Held In Chicago _ As City Mourns Chicago, March 10—(AP) —Through streets lined by shivering thousands, Anton J. Cermak, as his assassin was sentenced to death in Florida,' was to day borne on a circuitous path to the grave. The slain leader had lain in state in the City Hall 24 hours and many thousands passed his bier in respect. A funeral cortege that was blocks long and composed of city, State and Federal officials, relatives and friends soldiers and citizenry escorted the coffin from the city hall to the Chi cago stadium, where the mayor once achieved prominence in the national political arena. WHthir FOB NORTH CAROLINA. Fair and colder with heavy frost to the coast tonight; Satur day fair; slowly rising temper- > aturo in west portion. Roosevelt Wants To Lower Compensation Os Veterans And Cut Federal Salaries Swapping for Scraps of Scrip Bag# v ••<■ ■■ Following a conference of New York bankers on the plan for the issu ance of scrip, messengers carrying mysterious black boxes, similar to Uie one shown here, began to arrive at the Clearing House Assotiation Building, s he boxes, one presumes, contain the necessary collateral to back the scrip. ‘ 500,000 IDLE MEN TO BE GIVEN WORK Proposal for 500 Million Bond Issue May Be Sub mited Tomorrow PLACE MEN, IN CAMPS - ••» ,«• v ' r ■ Far-Flung Program Wiorked Out By President For Approval of Con gress at Very Eau'ly Date Washington, March 10.—(AP)— President Roosevelt has virtually ready for submission to Congress a far-flung unemployment relief plan for enlisting 500,000 idle men in a civil corps similar to the army and placing them in camp in various parts of the country. Speaker Rainey told newspaper men such a project would be a part of the chief executive’s proposal for a $500,00(|)OCiO bond (issue \for public works, probably t 0 be dispatched to Congress tomorrow. The camps would be located at points strategic to public construc tion, reforestation and reclamation projects, he said, and the men en listed would be fd and housed and given compensation of not to exceed $1 a day for their work. Mr. Roosevelt already has outlined thi sideas for one extensive project centering around Muscle Shoals and has others in miind. The camp, Rainey said, would be patterned in part after the unemploy ment camp in New York State, in which the President is interested. It holds well over 1,000 men. Lou Gehrig Signs Yankees’ Contract For Coming Year St. Petersburg, Fla., March 10.(AP) —Manager Joe McCarthy was today adyised that Henry Lou Gehrig, the New York Yankees big first basemail, had signed his contract and was en route to camp. The signing of “Columbia Lou” leaves only Babe Ruth outside the fold and the Babe has been working out with the team pending the ar rival of. Colonel Jacob Ruppert and a conference over the $50,000 contract he has declined to sign. PUBLISHED EVERY APTBRNOOM EXCEPT SUNDAY., Congress To Give Powers t Asked Os It Machinery Set in Mo tion To Make Roos evelt Virtually U. S. Dictator Washington, March 10 (%P) President Roosevelt called upon Con gress today for dictatorial powers to reduce veterans’ costs and Federal salaries, promising that, if it complies thex-e is reasonable piospect for a (balanced budget within a. year. The Democratic phalanx of House and Senate, though not without dis sent, set out at once to do his bid yding, expecting thereby to have hun (Continued on Page* Four) Farm Help. Plan Heard By Leaders Washington March 10 (AP)—(Forty representatives -Of farm organii zsaitiianiS went into conference with Secretary Wallace behind dosed doors today seeking (agreement on a program of agrafcuilltjUira 1 relief would be effective for this crop year. • Shortly before they met, a draft of a proposed bill was injtrodfuced to some of the leaders. It wtas prepared by members of (the staff of the De partment of and imcludf ed many provtiisdons of the domestic allotment plan wlhich foiled off enact ment a tthe last session of Congress, as well as a proposal for leasing land engaged In the production of surplus crops. \ Among those aittenidSiing was U. B. Blaylock, of Raleigh, N. C., repre senting cotton representatives. 8 PAGES TODAY FIVE CENTS COPY «Smo Benefit of Some Must Be Subordinated to Needs of All In Present Emergency SPIRIT OF JUSTICE TO ALL IS INVOKED Saving of 500 Million Dol lars Is Goal of President, and Bill Giving Him Full Powers for Retrenchment Is Ready; Disabled Vete rans Cared For Washington, March 10.—(AP)—• President Roosevelt asked Con gress today for authority to re duce veterans compensation and ogevrnnient salaries to take effect immediately. Pointing to a prospective Treasury deficit, for this fiscal year of $1,200,- OO’./'.OOO, the President demanded em ergency action for balancing the bud get. “The very stability of our govern ment itself is concerned,” lie told Con gress, “and when that is concern? I the benefit of some must be subordi nated to the needs of all. Danger Threatens. “When a great danger threatens mir basic security, it is my duty to advise* the Conpxess of the way to preserve it In so doing, I must be fair net only to the few but to the many. Jt is in this spirit that I appeal to yon. “If the Congress choose to vest roe with this responsibility it will be ex ercised in a spirit of justice to at', of sympathy to those who are in need, and of maintaining involate the basi j welfare of the United States.” Mr. Roosevelt, in his message, di l hot specify to what length he intend ed to go in slashing veterans’ ap propriations and government salariej (Continued on Page Eight.) Measure On Bank Laws Is Approved Paid-in Surplus of 50 Percent Would Eli minate Stock Liabi lities Dally Diopatah Rnrena. In the Sir Walter Hotel. BY .1. C. BASKEttVIIiL. Raleigh, March 10. —Stockholders of new banks In North Carolina will have to pay in a cash surplus fund equal to 60 per cent of its capital ‘stock in lieu of the additional liability now imposed upon them, if the Gen eral Assembly passes the Aycock bill, which was favorably reported today (by the House Committee on Banks ■and Banking. The new banks would ■also be required to deposit with a Federal Reserve Bank or other bank approved by the commissioner of banks, bonds of the State of North Carolina or the United States equ-*l in face value to fifty percent of the par value of its capital stock. These bonds would be held by th« receiving bank for the sole benefit of the creditors of the depositing bank in case of liquidation, and hte inter est on these hope’s would be invested in similar bonds until the original in vestment and the subsequent invest ments are equal. This would assure a readily available fund equal to lfo (Continued on Page Sight)
Henderson Daily Dispatch (Henderson, N.C.)
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March 10, 1933, edition 1
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