Newspapers / Henderson Daily Dispatch (Henderson, … / March 14, 1933, edition 1 / Page 1
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HENDERSON, GATEWAY TO CENTRAL CAROLINA. twentieth year HOUSE VOTES FOR TAXING OF FOREIGN STOCKS Banks In Four Cities Os State Are Opened Without Restrictions Under Ruling V WILL OPEN LATER IN WEEK ON THE STAGGER PLAN Charlotte, Raleigh, Wins ton-Salem and Asheville Institutions Resume Operations ONLY RESTRICTION IS ABOUT HOARDING Persons Drawing More Than Normal Sums Must Sign Statement They Are Not Hoarding; AH Dealings In Currency and Small Coin Everywhere Char i ite, March 14 (AP) —Banks repined withbitt reiiirtdtions, except the Federal ruling against hoarding, in Four Norik Cacti Una. cries tocljiy, ar.l otkar insty.ul'lom; were preparing to epen later In the week under tlhe stagger plan outlined, by President Roosevelt amd Secretary Woodin. Ir. tud‘"rna in Charlotte, Raleigh, Winr'.cn-Salem and Asheville, resum fd c under atjjhor'ty of the Fedetal Reserve Bank of Richmond, Va. Ih? VWcitoov'a Ehnk etnd Trust Company, of Winston-Sel’em, opened its headquarters and its branches in Raleigh and Asheville. Four unafftliated thanks opened in Charlotte. They are the American (Continued on Page Six.) Arms Embargo By United States Is To Be Pressed For Washington, March 14. —(AP) —The American government has informed Creat Britain that it will press for legislation permitting the President to declare an arms embargo against any nation in the world. The statement of American policy was made through the British am baseador. Sir Ronald Lindsay, in re sponse to inquiry. Great Britain yesterday withdrew an arms embargo declared several <lay.s ago against China and Japan. Its revocation followed failure of any other nation to take similar ac ton. House Will Vote Today Upon Beer Expected to be Pass ed by Night; Will be Expedited In Sen ate Also • Washington, March 14—(AP)—The ° UK e today took up consideration of 1 " e Cullen beer bill under unanimous ">nsent, with a view to a vote after hrt e hours of debate, and under pro- precluding amendments. ( speaker Rainey told newspaper men 'day t), R beer bill would be passed y 'he House before adjournment to night. Senate leaders likewise planned to bpedite the legislation requested yes- by President vtlt. the ®P »ol expectation appearing to be , the bill would be ready for his a< least before the week is cut. We've got the votes,” Rainey said, that he meant the Demo 'eadership could muster a two t 'ids House majority, if necessary, ,t pJSS ‘he bill under a suspension of rules. house leaders sought an agreement Vo* ' lueo hours debate, with a final ’ e hoped for around 4 o’clock, imtitersmt D atlit jßtauatrh HEAD MAJOR SENATE COMMITTEES lull .. A f 5.,/ These Democratic senators head the major committees of the up per rn the new cottjutt’Ss,' following assignments by the Democratic steering committee on a seniority basis. Most of them succeed well-known Republican senators (indicated in brackets): Foreign relations, Senator Key Pittman of Nevada (Borah); ap propriations, Senator Carter Glass OVER 1,000 BANKS RESUME BUSINESS Many More Will Open To morrow Under Federal and State Permits WITHOUT RESTRICTION Others Operating Under Limitations Pending Approval by State and Federal Ago ides In Charge (By the Associated Press ) . At least one thousand banking in stitutions throughout the United States reopened today for normal ibusiness under Federal and State li censes. No less than 340 opened yes terday. Many more will resume busi ness tomorrow. Today's total included Federal Re serve members, State and commercial institutions not members of the re serve, savings banks and private banks. The figure for one Federal dis trict —San Francisco —was not avail able! In addition to this number resum ing normal opera tons, many other banks were operating under restric tions pending official approval by State and Federal agencies. AT LEAST 76 BANKS ON WEST COAST ARE OPENED Sari ‘ Francisco, Cal., March 14. (AP) —At least 76 banks reppened for •normal business in the 12th Federal Reserve district today, with half the cities yet to report the number of natiorial banks resuming normal op eration. , Brothers, Sisters Share (Big Estate Os Daniel Rhyne Lincolnton, March 14, —(AP)— The estate of the late Daniel E. Rhyne, textile manufacturer, banker and phil anthropist, estimated to be worth be tween $3,000,000 and $4,000,000 “under normal conditions,” is to be distribut ed among his brothers and sisters un der his will filed here. The clerk of the court’s office hdtt today said an appraisal of the estate had not been completed, and that as yet a full list of those to benefit un der the will had not been compiled. Rhyne died several weeks ago. ONLY DAILY FULL LEASED wiun annvtnm. O* THE ASSOciATßD'pHffif" NEWSPAPER PUBLISHED IN THIS SECTION OF NORTH CAROLINA AND VISINIA. HENDERSON, N. C., TUESDAY AFTERNOON, MARCH 14, 1933 m f of'Virginia (Hale); finance, Sen ator Pat Harrison of Mississippi fSmeot); interstate commerce,/.; Senator Clarence Dill of Washing ton (Couzens); banking and cur rency, Senator Duncan U. Fletch er of Florida (Norbeck); judici ary, Senator Henry Ashurst of Arizona (Norris); agriculture, Senator Ellison Smith of South Carolina (McNary). Baseball Meeting Be In High Point High Point, March 14.—(AP) — Organization of e. Class B. baseball league embracing cities in North Carolina and Virginia will be un dertaken here tomorrow at a meet ing of representatives called by Cy Simmons, of Columbia, S. C., baseball promoter. Invitations have been extended to representative;; of Danville. Va., Salisbury, Raleigh, Goldsboro, Lex ington. Concord, Henderson, Fay etteville, Kinston and others. 1000 File In Plants Burlington Burlington, March 14.—(AP) —More than 1,000 workers in three Burling ton textile mills were forced to leave their jobs today when a band of 150 strikers and strike sympathizers went through the plants and ordered them to “clear out.” The men about 60 of them workers in the dye and boarding rooms of the Standard; Hosiery Mill, who walk ed out last Friday in. protest against the discharge of three leaders in a previous strike, were well organized, but apparently had no particularly leaders. Traveling in automobiles, they drove up to the mills, walked in. and order ed the operators to quit work. There was no violence and the workers obeyed- From the Standard mill mote than 700 employees were marched and driven into the street. The Standard imlll and the Pickett hosiery mill, where 75 were forced »ut, remained closed, fiut the 250 workers who were driven from the Whitehead Hosiery Mill later went back to work. ! , »V, ' » » * ANOTHER QUAKE IN CALIFORNIA FELT Los Angeles, Cal., March 14— (AP) —A slight earth shock, the 39th tremor since the present series started at 5:55 p. m. last Friday ,was felt in Los Angeles at 4:19 a. m. today. LIKE LEAS AGAIN ARE ARRESTED AT TENNESSEE HOME Taken Into 'Custody 'At Clarksville on Warrants Signed by Governor Hill McAlister HABEAS CORPUS IS RESORTED TO AGAIN Hearing Will Be ' Held In Clarksville Next Monday and Will Be A ttent * e d by Solicitor Zeb Nettles of Asheville; Face Prison Terms Here Clarksville, Tenn., March 14. (AP) —W.thin a few hours after they bad been arrested here to day, Colonel Luke Lea, Nashville publisher and former United States senator and his son, .Luke Lea, Jr., were granted a writ of habeas corpus by County Judge John T. Cunningham, who set the hearing for 10 a. m. Monday. Judge Cunningham denied ap plication of local counsel for the Leas for bond, saying that angle would be considered next Monday morning. La*er the Leas were placed la separate cells of the Montgomery county jail, and Sheriff Wf- E. Beaumont said that as far as he kne-v they would rema'ri in his custody until the hearing. Clarksville. Tenn. March 14. (AP) —Colonel Luke Lea, Nash ville publisher, and former Unit ed, .Sf%te* Senator,,, and his sow. Luke Lea, Ja- facing penitentiary sentences in North Caro Una ter violation of the State banking (Continued on Page Six.) Gov. Ehringhaus Reported Better After an Attack Raleigh. March 14.—(AP)—Gov ernor J. C. -B. Ehringhaus was "better" today after a comfort e'' r ' night. Mrs. Ehringhaus said thr : '-'»* , inir. Last ni t l;t, h he was suf fering from 103 degrees of fever in a recurrence of a kidney a'l men* which sent him to a, hospital last December, the executive in sisted on personally delivering his special message to the legislature -41 Perish From Fire In Theatre Guadalajara, Mexico, March 14. (AP) —Forty one persons were killed 70 were gravely injur ed in a theatre fire at the town of Ahualulco, not far from here. A high tension wire was short circuited, causing a fire in the theatre while a motion picture performance was in progress. The panic-stricken audience stampeded for the doors, and 20 were trampled to death. Twenty others were electrocuted when the wire dropped across a hand rail across the front of the gallery. 4kWILL f*? Rogers \y rasy* Santa Monica, Calif., March 14. —Mr. Roosevelt stepped to the microphone last night and knocked' another home run. His message was not only a great comfort to the people, but it pointed a lesson to ail radio announcers and public speakers what to do with a big vocabulary—leave it at home in the dictionary, i , Some people spend a lifetime juggling with words, with not an idea in a carload. ' Our President took such a dry subject as banking (and when I say “dry,” I mean dry, for if it h~d been liquid, he wouldn’t have had to speak on it at all.) Well, he made everybody under stand it, even the bankers. Yours, WILL. Envoy to Mexico •pj h Wk ■- ■gregra -W/: : :MMSstsSSQ&F Msi j 6 JOSEPHUS DANIELS Nom’nation of Mr. Daniels, pub’isher cf the News and Observer, and secre tary of the navy under President Wilson, was sent to the Senate yes terday by President Roosevelt. He will be American Ambassador) to Mexico. APPROWASir TOR STATE BANKS TO BORROW MONEY Would Be Able To Get Funds From Federal Re serve Banks Under Robinson Proposal DEPOSIT GUARANTY ALSO HEARD But AH Such Measures Are Referred to Glass Sub- Committee of Senate Bank ing Committee; Bank Re organization Plan Also Approved Washington, M..arch 14. —(AP) — The Robinson biil.l to permit State 'banks to borrow directly from the federal Reserve System for one year was approved today by the Senate Banking Committee, with the under standing it would not be pushed if it is found it' duplicates existing law. The committee referred to the Glass sub-committee the McAdoo, Vanden burg. Fletcher and other bills propos ing creation of Federal guarantees or insurance funds for bank deposits- The committee also approved the Bulkley bill to -permit banks reor ganizing under the terms of the em ergency law passed last week to issue notes and debentures in place of pre ferred stock in States where perfer red stock requires double liability. New State Bank Laws Are Likely Institutions Expect ed To Be Greatly Strengthened B y Regulations Daily Dlupntcli Bureau. In the Sir Walter Hotel. BY J. C. BASKRHVILL. Raleigh, March 14 —Before the pre sent week is much older, the North Garottina General Assembly, It is con fidently expected, wSl'l have enacted into legislation sitnenigitnenlng the banking system’ of the State and which will permit the reorganization and reopening of banks: which may not be able to come under title cfeussi flcaMaon of “amply sound, stftveut aAd liquid''—the requirement that Is ne cessary before the present holiday ban on them is lifted. Before State banks are permitted to reopen, the State Bonking commis sioner and Governor Ehringhaus must be convinced that each bank making application is “amply sound, solvent and liquid and (that there is; no risk that the said bank will be forced to close by reason of demands of its depositors.” Tthe legislation new pending its (Designed to biding North Carolina’s banking laws con (Continued on Page Six). PUBLISHED EVERY AFTERNOON EXCEPT SUNDAY. Dry Law Repeal Is Snowed Under With House Vote To Great Britain Ipi JH 181 . —' —— Robert S. Bingham Kentuvku President Roosevelt yesterday sent to 'the Senate the nomination of Judge Bingham to be United States Ambas sador to Great Britain. EHRINGHAUS ASKS STATE SALES TAX FOR NEW REVENUE F acing Collapse of Institu tions and* Activities Un less Funds Can IBe Provided 8-MONTHS SCHOOL ALSO RECOMMENDED Governor Outlines State’s Plight in Dramatic Appeal to Legislature; Says Great Relief Would Be Provided to the Owners of Real Property , Dally Dispatch Barman, In the Sir Walter Hotel, BY J. r. BASKERVILL. Raleigh, Marclh 4.—Either the credit of the State will be crucified, •the schools crucified and threatened with almost complete collapse, the State’s $200,000,000 investment in highways allowed to go to wreck and ruin, or essential departments and institutions of the State destroyed, unless the General Assembly finds suf ficient revenue with which to bal ance the budget, Governor J- C. B. Ehringhaus told the General Assem bly last night. And the only course from which to provde the revenue (Continued on Page Three.) SENATfIiiIATS BEHIND ROOSEVELT Vote in Caucus To Support Economy, But Will Of fer Some Changes Washington, March 14 (AP) — Senate Democrats in caucus vofr ed today tr> support President Roosevelt's economy program, but left the way open to amend it. The attempt to bind the 58 Democrats to th ebili as drawn failed whm many members as serted they wished to be free In vjote for changes. | No record vote' was held in the caucuc, the first held by the Democrtts since they adopted the drastic rule under which a ma jority of the caucus binds the entire Democratic membership to support an executive proposal. Th ecaucuc lasted more than an hiour and a half r>id went, passed the noon meeting hour of the Senate. > 6 PAGES TODAY FIVE CENTS COPY Question* Is on Favorably Reporting Cover Meas ure Rejected by Judi ciary Committee PUBLIC HEARINGS ABOUT CONVENTION Committee To Consider Me thod of Submitting Blaine Repealer; Republican Lo ' cal Measure Abolishing Madison Jury System Kill ed in Senate Raleigh, March 14.—(AP)— Th“ House today voted to provide for ad valorem taxation of foreign taxes by the 100 counties of the State in itg 1933-35 “machinery” act in an amend ment adopted in committee of the whole. Prohibition again today held the at tention of the North Carolina legis lature as the House killed the Cover bill to repeal the State dry laws, and the joint committee on constitutional amendments prepared for a publio •hearing on bills to set up a State convention to consider the Blaine re solution. The House resolved itself into the • committee of the whole after refus ing to accept the minority favorable report on the Cover measure, and started consideration of the 1933-35 machinery act, while the Senate launched into extended discussion of the proposed re-writing of the Con stitution by amendment, but adjourn ed without acting on the bill. Action on the motion by Repre sentative Cover, of Cherokee, that the House reverse Judiciary Committee No. 1, on his bill, came after debate limited to 20 minutes, during which Representatives Murphy, of Rowan, and Grant, of New Hanover, pleaded for adoption of the favorable report, with Hamilton, of Carteret, and Moye, of Greene, opposing it. To bring the bill before the Houfi, two-thirds of the 120 members would have to favor removal of the measu* e from the unfavorable calendar. With the vote today, 72 to 35 against the minority report, sponsors of he mea sure said they saw no hope for i l s revival. Faulkner, of Vance, wes (Continued on Page Three.) COTTON CONSUMED IN FEBRUARY DECLINED Washington, March 14.—(AP)—Cot ton consumed during February wrs reported by the Census Bureau toda / to have totalled 441,663 bales of lint, and 46,470 of linters, compared with 471,202 and 48,412 for January th's .year, and 451,239 in February la.ct year. Says School Group Seeks New Trades Would Accept Small er Appropriations if Equalizing Board Is Dropped Daily Dlupnteh lUirenn, In the Sir Wnlter Hotel. BY J. C. BASKERVIM,. Raleigh, March 14. —Although de feated on* every hand in its efforts so for to .abolish the State Board of Equalization, the school lobby repre senting the city and county superin tendents who control the North Caro lina Education Association, is now trying to sell out the school teachers aSid the school children in order to labolish the \Board of Equalization and gain control of the school re gulatory machinery, it was leamel from reliable sources here today. It is understood that the school It is understood that (the school peo (Continued on Page Three.) WEATHER FOR NORTH CAROLINA. Showers tonight and Wednes day; colder Wednesday an din ex treme west portion late tonight; much colder Wednesday night.
Henderson Daily Dispatch (Henderson, N.C.)
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March 14, 1933, edition 1
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