fIENDEIibON, gateway to CENTRAL CAROLINA. TWENTIETH YEAR EARTHQUAKE DEAD PUT AT 132 Treasury Charts Course For Banks To Pursue In Opening Again HE WILL BE 0 ONLY WHEN SOUNDNESS KNOWN I Rational Banks Apply to Reserve Bank and State Banks to Own State Authorities I WANT AIX~BANKS TO REMAIN OPEN Seek To Determine That Assurance Before Start; Fact That Some Bank May Be Late Opening Does Not Mean It Will Not Open Shortly After IVAH lIFUL WAITING IS gurkny iiooirs roiicY Raleigh. March 11.—(AP)—Gur ney I*. Hood, State commissioner of Milks, this afternoon was conduct ini; r ‘’watchful waiting” policy be fore formulating plans for the re opening of State hanks in North Carolina, and he still lacked de tails concerning reopening plans from the Treasury Department. *Tve asked the secretary of the treasury what he means by ‘sound hanks’, what lie means by ‘sound rssei,' and what formula we are to use in working out reopening plans for our hanks, hut l haven't heard from him,” llood said. Washington, March lIT- (APV- The rceret try of the treasury today au thorized all bank'ng institutions to buy and pay for any United States government obligations which may be' offered for sale. Already the Treasury, through re- Subtion-s following the line of an cxc (Continued on Page Six). Legislature Meets For 29 Minutes Only Local Bills Con sidered in Two Houses* 3(5 Present of 170 ’ bjlcigh. March 11. (AP)—Meeting* ,|J consider only local bills, as is cua ’.rr.-iry on Saturday, 36 of the 170 Members of the legislature attended H si °ns which lasted a total of 29 lU'nutcs today, Jo 'lie House 22 members met for n ‘ n - minutes, recived a bill by Re- f rc cmativc Gatling, of Gates, relat- n S to pay of Gates county officers, ,Mlf tended the rules, passed the mca tll,c nncl adjourned. Th? Senate had 14 members present, 20 minutes and passed five strict •' one-county mensures •s'j'h divisions of the assembly will I' ume tegular work Monday night, e Hou.so having as its special order 01 debate the Cover biM to repeal the prohibition 'laws. Ehringhaus Now Expected To Ask Levy Os Sales Tax Governor Will Demand That Legislature Balance Bud get To Save State** Credit; Wants Better Treat ment for State’s Institutions and Schools Dully lll«i»nlfh llnreim, . In the Sir Walter Hotel. BY J. c. BASKKIIVILL. ( sleigh, March 11.—A general sales Hx is hi in being considered by a good lH| >y as the only means of raising “ revenue for he maintenance ’ | ,le most essential activities rj ' a for the balancing of the budget. c *c are others in this same group '’■* I>e lieve that if a sales tax is en-> , ' L(1, ’* will he made- large enough < , C!,a hle the State to take over an ° 11 ni( *nths rehool term, though at < oir jrjerably reduced budget. * l -dly any one here believes lUqtt a " 'a:, of any kind could be enact tight now, probably not even in, “iSSSSf; mtxxutVßtnx DatUt Htsmttrft ROOSEVELT ECONOMY BILL i STRIKES SNAG Uncle Sam's Mill Grinding Out New M^ney "fu -"I y v §?•{ % Passing this building at night, one might truthfully remark that the company which occupies it must be a money-making concern. It is the Bureau of Engrav ing and Printing at Washington, D. C,, whepe em ployees are working day and night to turn out two NEWCONSIITUTION WILL BE DEBATED LONGPERIOD YET Legislature Going Slowly, Conscious That Organic Law Will Stand Many Years DIFFERENCES OVER SUBMISSION PLANS Method of Jury Trial Would Be Changed and New Pow ers Conferred in Filling Office Vacancies; Restric tions on Incurring of In debtedness Dully Riirenn, In the Sir Walter Hotel. nV ,1. V. IIASKF.ItVIM,. Raleigh, March 11- -Although nearly a year and a half’s work has already gene int'o the draf'lmg of North Caro- Fn&’s proposed-' new constitution. Which will) hlavc to be finally approve hy the voters of the State in the next General will likely add sevb crail iltemss, in the present draft which Will I'o bitterly fought. The State Constitutional Gomimiission, authoriz ed! by the 1931 lcgipHature and appoint ed by 0.. Max Gardner, spent 14 months drawing up the new constitu tion. which was presented to i*lhe prX.ter Reed Hospital. The Nebraska senator had been ill for several weeks of pneumonia, which later developed several com plications. His condition took a turn for the worse a few days ago after it appear ed he might recover. AjWILL ROGER) \J Sovs: Beverly Hills, Calif., March 11. —Say, didn’t the Rockefellers (through their hired, man. Mr. Aldrich) throw a custard pie right in the twee of the Morgan bank ing outfit. Why if the Chase Na tional turns “square,” and re moves itself from security com panies. (that’s the bank’s roulette wheel ) it will be a death blow to modern banking. Imagine a bank jus» having to live on interest alone. Removing their securiy or holding companies is like taidng loaded dice J away from a crap shooter. # 193*. M«Nati(fcl Bra4ic*W, (a PUBLISHED EVERT AFTERNOON EXCEPT BUNDAT. Property Damage In California In Tens Os Millions Urges Bank Reform JR-:-: : .;.f : : v. Calling for the complete separation of deposit banking and investment banking, Winthrop W. Aldrich, h.vad of the Chase National Bank, a Rockefeller institution, urges a i' ustic reform program designed to p irge the commercial banking busi ness of all taint of speculative lead ership and to reduce the present overlords of the money market to a position of relative impotence. The program would strike directly at the J. P. Morgan corporation. ROOSEVELT DEFERS' UNEMPLOYED BILL Will Wait Until Congress ional Air Clears To Pre sent Project O D A Y 11 May Conic Monday or Be Delayed Until Lttteir in Week; Wants to Clear Economy Measure From Decks First Washngton, March 11. (AP)-*-Presi dent Roosevelt today decided to with hold “indefinitely’’ his special' mes sage recommending a bond issue and ihe enlisting of 500,000 unemployed men into camps- He originally had planned to send (he message today. At the White House, it was said the chief executive might decide to send the message on Monday, but there was a possibility that lie might withhold it until later in the week. Authoritative quarters felt that Mr. Roosevelt desired to wait until the congressional air cleared from his yesterday’s message requesting au thority to slash $500,000,000 or more from Federal expenditures. The President’s plan for the relief of unemployment calls for the estab lishment of camps throughout the country, in which the unemployed can be quartered. The camp would be lo cated close by reforestation, reclama tion and other projects on which the men would work at wages not to ex ceed one dollar a day. VACUUM KING DROPS TO DEATH IN CLINIC Cleveland, Ohio, March 11.—(AP) — Dan P. Hoover, 47, vice-president of the Hoover company, manufacturers of vacuum cleaners, dropped to his death from the fifth floor of the Cleveland clinic early this morning. Uniform Farm Aid Bill Sought By Farm Leaders Washing toil, Mirdh 11 (AP) —A com mittee wise appointed today !by farm organizaifckxn leaders 'seeking a unjj form program of farm relief it ocon fer with Preteiidemit Roosevelt .this aft ernoon. j W. R. Ron'eld, Mitchell, S. D.\ utiwjpaper publisher, a supporter of the original domesti c allotments plan was appointed chairman of the group. 6 PAGES TODAY FIVE CENTS COPY 22 Major Shocks Strike At Intervals During Night And in the Early Morning LOSS $25,000,000 IN LONG BEACH ALONE Many Small Buildings Col lapse, While Cracks Are Made In Some Larger Ones in Region Including 28-Story City Hall in City of Los Angeles Los Angeles, Cal., March 11— (AP) —Light earth shocks con tinued in southern California to day in the wake of a terrifying quake which early last night, caused the deaths of at least 132 persons, injuries to possibly 4,000 and untold millions of dollars property damage. There had been 23 distinct shocks, but they generally were of diminishing intensity. I«on*r Beach, Cal.. March 11— tAP)—D. W. Pontius, member of the governor's emergency relief committee, rod president of the Pacific Electric Railway, announc ed today after a survey through the streets of Bong Beach that the damage would appnovimate $35,000 000 in this city. Los Angeles, Cal., March 11.—(AP) Counting its earthquake dead at 120 or more, its injured at about 4,- 000, and Us property damage in th»