Newspapers / Henderson Daily Dispatch (Henderson, … / May 27, 1933, edition 1 / Page 1
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HENDERSON, GATEWAY TO CENTRAL CAROLINA. TWENTIETH YEAR SIX OF MORGAN’S PARTN Committees Vote For Gold Repeal By Heavy Margin House Group 12 to 4 and Senate Committee 9 to 3 In Favor of Roose velt Proposal FAVORABLE VOTES EXPECTED SHORTLY Roosevelt Signs Securities Regulation Bill, and Sen . ate Committee Votes Fav orable Report for Arms Embargo, Which Has Al ready Passed House Washington, May 27. —(AP)—Com- mittees moved quickly today to speed along the administration's latest pro posal-cancellation of the gold clause in public and private obligations— while Congress worked on other parts cf the Roosevelt program. The House Banking Committee ap proved the measure to make all ob ligations payable in legal tender money by 12 to 4, and a little later th c . Senate Banking Committee gave its approval by 9 to 3. Steps were taken at once to bring the gold bill up in the House on Mon day- President Roosevelt signed the se curities regulation bill at the same time as l,he Senate was plunging into debate on another of his proposals the railroad reorganization measure. The House was standing by to re ce ve conference reports on some of the Roosevelt bills which have passed on both sides, but which need an ad justment of changes. The Senate Foreign Relations Com mittee favorably reported the arms embargo resolution already approved by the House, with an amendment to preserve American neutrality by ap plying any ban on arms shipments to all parties in conflict. Driving ahead toward the June 10 adjournment date, Speaker Rainey said tha t.the House “very likely” will take up the administration’s new’farm credit. bill on Tuesday. OFFICERS ELECTED BY TEXTILE GROUP Charlotte. May 27.—(AP)—H. H. Her. of Greenville, S. C., was elect ed president of the Southern Textile Association to succeed F. K. Petrea of Columbus, Ga.. as the body’s two dav annual convention was brought to a close here today. Next year’s meet ing place will be chosen later. Will Block Fight Upon Gold Repeal Senator Glass Is Op posed to Abandon ment of Monetary Standard, However Washington, May 27 (AP) —Poss- ible attempts to challenge and break down the country’s abandonment of the gold standard are to be fore stalled by legislation formally can celling the gold clause in billions of dollars worth of government and pri- Vate bonds and mortgages. The new bill declares that, regard *-ss of demand in any contract, past or future, for pyment in gold, any and all coi n and currency of the realm shall b e legally usable in pay meut, . g ' T t was submitted to Congress by the Treasury yesterday. banking committees of the Senate 1 d House arranged immediately to r bp the proposal today and Chairman Stegall, Democrat, Ala hama, 0 f the House committee, an tmunoeri Mae would Pass the bill Monday. view of past votes on goldd. Sen passage 13 likewuse assured, ■‘cnator Glass. Democrat, Virginia, s, ) mich defends i of the gold stand protrsted immediately, paying if 1 is any integrity left, i n the '‘mints with regard to the sanctity of | o "nt:art 3 they will hold the bill un- c cn.<tl utional. ( ) t Ae.tA, - t FfcH«Y MBMOFHAI [ Ma 1 fmutersmt Umlxt Utspatrir F OF L THB A fH^, WlK ® SERVICE Uir THE ASSOCIATED PRESS. Greeted by Riot m m——————■———i—— r Hans Wiedeman, official representa tive of the religious art section of the German Nazi propaganda com mittee, shown as he arrived at New York, en route to the Chicago World’s Fair. A riot fcf Commun ists marked his arrival, necessita ting nightstick work by the police. DOWELL SPENT NO MONEY IN BATTLE UPON SALES TAX i; Most Persistent Lobbyist In General Assembly Files Expense Account With The Senate w. s. corbitTspent $422.57, HE REPORTS Several Other Lobbyists Make Reports as Required Under Law Enacted by Legislature Soon After It Convened; Dowell Full Time Man, He Says Raleigh, May 27.—(AP) —Willard Dowell, one-man lobby for the North Carolina Merchants Association, re ported today he did not spend one cent in the vigorous but unsuccessful thre months fight waged against a sales tax during the 1933 session of the General Assembly. Dowell explained he was a full time, salaried official of the merchants group and his activities as a lobbyist (Continued on Page Three.) Many New License Taxes To Be Applied Thursday New Business and Professions To Feel Levies Im posed Heretofore While Many Others Ha ve^Been Changed or Raised I n Their Application *4 Dally Dlspntvh Unreal!, In the Sir Walter Hotel, TIT J C. HASKERVILL. ' Raleigh, May 27.—Nuemerous chan ges were made in the license taxes imposed in the State by the 1933 Gen eral Assembly and all these changes go into effect next Thursday June 1 according to Commissioner of Re venue A. J. Maxwell. The Depart ment of Revenue has been working almost day and night for the past two getting out the new forms nec essary to putinar this new law into effect. All the license taxes or Sche dule B taxes, are payable in advance and due as of June 1, and a license must be obtained by those taxed un der this cection of the revenue act in order to continue in business for the ensuing fiscal year. Failure to pay the tax constitutes both a c.vil and criminal violation of the law, with added penalties for delay in the pay ment of the license taxes due. , t While not more than half .a dozen mew business and professions were added to the license; tax lists by the ONLY DAILY MB Measure Reaction of Finan cial Traders to Ameri. can Abandonment of Gold Clause STOCKS GAIN &1,-$8 COTTON sl.lO Wheat Rises Three Cents a Bushel in Chicago, and Most Tops Are Held Through Close of Record- Breaking Saturday Vol ume of Excited Trading New York. May p7.—(AP)— A smashing rally in stocks a boom for commodities and a sharp dip by dollar exchange etoday measured the reac tion of financial markets io proposed erasure of the gold clause from public and private debts totalling roughly 100 billion dollars. * Trading on the New York Stock Exchange, where prices rose $1 to iabout SB, reached record-breaking volume for a Saturday. At 12 o'clock noon, closing time, the ticker was half an hour behind the actual market, but advices from the floor said final prices were strong land that most issues had finished near their highs despite late profit taking. Sales exceeded 5,000,000 shares Wheat, up around three cents a bus hel when, trading began at Chicago, was holding most of its advance as the closing gong rang on the stock exchange. New York cotton, climb in gto the highest levels since last 'August, finished with net gains of 85 cents to sl.lO a bale. General Assembly, a large .nuAiber of changes were made in those already taxed, Commissioner Maxwell pointed out. The tax on outdoor advertising was materially broadened to include all who resort to this type of adver tising, while in the past it has ap plied only to commercial outtdoor ad vertising companies. The tax on ped dlers was also broadened. The new taxes imposed by the 1933 General Assembly for the first time under Schedule B are on athletic con tests, boarding houses, loan com ipanies and agencies, omrticians and ■embalmers, toll bridges and tourist camps. For holding athletic contests the promoters must pay a tax of $5 for each location and three per cent per cent on the gross receipts. Board ing houses with 15 boarders or more must pay a tax of $2 a room, with a minimum of $lO. The license tax on loan companies is SSOO a year in ad vance. while that on embalmers and morticians is $5 if the gross receipts - (Continued on Page Three.£ NEWSPAPER PUBLISHED IN THIS SECTION OF NORTH CAROLINA AND VIiSrINIA. HENDERSON, N. C., SATURDAY AFTERNOON, MAY 27, 1933 Train Will Cross Continent in Thirty Hours . . . > . .■ ;/ .;■ , ZZ!Z!ZIZZZIIIZ-IIZZI-ZlZi— i ! SALT LAKE gW-UTAM • - ( \ / ! f v ,/ » \ • , •O.d MW. \ \ '+• tyM* CHICAGO + LOS ANOELCS \ i ( 20 ” CfNTUKY TAKES kAM Hv *> \ * / MOW TAKE* ABOUT &4- HOUAS 'S i "**• <w« SAME U>* Anouk V J*A!N WILL COV£A TM,S ( ! AOUTE) / '*f j * ,s *&S!!Lx M wf 9our 70%f ***) \ Jo.9mm The United States will lead the world for speed in the railroad field when this strange-looking train goes into operation on the Union Pacific Rail road in about six months. Low-swung and streamlined, the train is capable of doing 110 miles an hour, with an average speed of 90 miles an Century Os Progress Exposition Formally Thrown Open At Chicago , Chicago, May 27—(AP)—A Century Os Progress international exposition, '’Chicago’s second World Fair, opened its gates today*/ Conceived five years ago in the flush of the greatest prosperity ever known, its creation rod« safely the the rising tide of unprecedented eco nomic distress that engulfed innmer able projects promoted in the same golden days of good times. { Today it was dedicated as a saga of achievement huge odds and a drama of determination. To date REPEAL IS OPPOSED fir PRESBYTERIANS Assembly Session In Ohio Thinks Enforcement Is the Solution Columbus. Ohio. May 27—(AP) By an overvli-lming vote, the General Assembly of the Presbyterian Church of the United States today voted con fidence in its board of foreign mis sions, which had been attacked re peatedly by the extreme fundamen talist faction of the church. Reaffirmation of “unaltered opposi tion” to repeal of the eighteenth amendment was recommended to the assembly by its committee on social welfare. In presenting its report, Dr. Harry L. Reed president of Auburn Semi nary, Auburn, N. Y., said, “Wie be lieve enforcement, not repeal, is the solution of the problem.” The committee urged a wide pro gram of education against intoxicat ing drinks. The report said “many of our mov ing pictures and the advertising of them constitutes a national scandal.” Many of the “moronic magazines and books displayed at news stands constitute a menace to the minds and morals of our youth. These twins, the putrid picture and the polluted page, have no right to exist in decent society.” Raleigh Side Show Shorts About the Political Situation In the State Capital Dally Dl«spatc% Bnreaa, In the Sir Walter Hotel. BY J. C. BASKERVILC. Raleigh, May 27 —State department heads, employes and people here in Raleigh generally are more interested in whether or not Henry Burke, un official head of the Budget Bureau, is going to resign, as has been rumor-ad, and in who will succeed him than in any of the other appointments. Many of iite other appointments are more important from a Statewide standpoint and from a political point of view. But the question all those who work for the State would like to know the answer to right now is “What is Burke going to do” or “Wbat is the governor going to do with Burke. ” MOST HATED OFFICIAL The reason for this unusual interest in Burke is because h e undoubtedly is the most hated State official in Ra- on Page Three.) RS IN DEBT TO HIS BANK hour. An idea of the saving in time may be gauged from the map, show ing the comparative times for a transcontinental run. The first of the new trains will be tested over the Los Angeles-Salt Lake City division of the Union Pacific in the near future. •$37,500,000 has been expended in its (building. The gates were flung open at 8:30 a. m., and the vanguard of what is hoped will be an eventual attendance of 50,000,000 began to stream through the road 3 the streets and the paths of a city-made out of the waters of Lake Michigan. The fair will close November 1. The actual opening was without ceremony. The sclicking of the turn stiles, however, was followed, by a day of pageantry, including an'official de dication by Postmaster General James Makes Beer Pier In Potomac River Fredericksburg, Va., May 27. (AP)—The legal status of a “beer pier” in the Potomac river at Fair view Beach remained a subject of uncertainty today as preparat’ons went forward for the opening, ad vertised for tomorrow. Otto E. Sonnenberg, proprietor of the beach resort, who has desig nated his pier as “Fairview Cove Md.” plans to return from Balti more today with a load of 3.2 beer, which he claims can be sold with out interference from Virginia’s rigid State dry law- The beer gar den is on a pier extending out 75 feet fi*om the Virginia shore, and broken by an eigh-inch aper ture which keeps it from being physically connected to Virginia isoil. His Wife and Another Man Questioned in Strange Case of J. W. Hey Hollywood, Cal., May 27.—(AP)—A man identified as Captain J. W. Hey and said by his wife to be ean en tensive land owner in Peru, and a former explorer of South American countries, died today under tpys terious circumstances, which caused polic to order a thorough investiga tion . His wife and a freind, D. J. Her gung, a herb specialist, said Hey drop ped dead in their presence after an nouncing he had taken poison. No reason could be given by Mrs. Hey or Hergung for Hey’s act. The woman told police the three of them were seated at a table when Hey excused himself and went into the bath room. A few minutes later he returned. Mrs. Hey said her husband then ordered her to take a note, which he would dictate. She did as instructed. The note purportedly read: “I, J. W. Hey have just tgken four poisons. If I die it is my own fault.” After dictatin gthe nate, Hey sign ed it, his wife stated, and dropped dead. wFathir FOR NORTH CAROLINA- Showers and probably thunder showers this afteT»?i9on and to night; slightly cooler tonight in central portion; Sunday generally fair except local thundershowers in extreme west portion, , < PUBLISHED EVERY AFTERNOON EXCEPT BUNDAY. .A Farley, representing President Roosevelt. As a climax ’tonight, science will loose a ray from the star Acturus to turn the switch lighting all buildings. Today’s exercises were concentrated in huge Soldier Field, an integral part of the exposition grounds. The program called for brief speech es by Mr. Farley, Rufus C. Dawes, president of the fair; Chicago’s Mayor Kelly; Governor Henry Horner, of 111 nois, and other dignitaries, after which the public was told to “go and see it.” I Sto Sip Ground Norwegian Vessel at Hong Kong and Es cape Without Booty Hong Kong, China, May 27 (AP) — Fourteen hinese passengers who seiz ed the Norwegian steamer Prominent a,t 2 a. m. Thursday, shot the cap tain in the leg and held the other of ficers prisoners ran the vessel agroun last night in Mirs Bay, near this city, and escaped as police fired on them. The ship was seized while near Parcel Islan dand reefs in the China Seea. Second officer George Jensen was on the bridge when one of the pi rates covered him with a revolver. He grappled with the man and threw him to the deck but was immedi ately surrounded and overpowered by the pirates. Captain J. H. Jensen heard the commotion, and, thinking it a coolie (Continued on Patte Three > NEW YORK COTTON (By John F. Clark and Co.) Open High Low Close Misy 9.88 9.87 July 9.02 9.11 8.98 9.10 Oct 9.30 9.38 9.22 9.38 Dec 9.48 9.51 9.38 9.50 Jan 9.65 9.60 9.47 9.60 March 9.75 9.75 9.62 9.75 'Spot, 9.15; up 15 points. Presbyterians Reiterate Support For Prohibition Montreat, May 27.—(AP)—The Gen eral Assembly of the Presbyterian Church in the United States voted today without debate to send down to the presbyteries the question of re affiliation with the Federal Council of Churches of Christ in America. The Southern Presbyterian church withdrew two years ago after a Coun cil committee had advocated teaching of birth control. The assembly passed another con troversial subject without debate when it re-affirmed its action so last year on prohibition It approved the following declaration: “We believe the times call for a fresh educational crusade against the evils of the drink curse and call up on our churches Sunday schools and 6 PAGES TODAY FIVE CENTS COPY looSSn HEARING RESUMES f Senators Favor Making House of Morgan Amen able to Banking Laws of the Country , committeeTfaces SOME DISSENSIONS Some of Its Members Op posed To Method of Pro-' cedure Being Pursued and May Try To Block Con tinuation of Testimony During the Coming Week Washington, May 27 (AP)—Though the Senate investigation of the Mor gan banking house was suspended for the week-end, the inquisitors today gave to the public fresh news —that half a dozen of the 20 partners of the firm are in debt to it. The names of the six were with held, but the information was con sidered of importance by s ome of the senators who, pointing out that national banks are not permitted to make loans to their own officers main tained private banks such as J. P. Morgan’s should be under govern-* ment regulation and subject to sim ilar restrictions. The intimation about the partners was given to the committee in execu tive session yesterday by John W. {Continued on Page Three.) Charge On Pecora Now Discounted Merely Attempt To Discredit Morgan Prober, Senator Couzens Declares Washington,, May. 27 (AP>—Assert ing that charges had been submitted to him intended “to discredit” Ferd inand Pecora, counsel of Tne" Senate Banking Committee in charge of the Morgan investigation, Senator Cou zens, Republican, Michigan, said to day he had demanded tha tproof be submitted, if there is any. Indicaitng that he did not credit the charges. Couzens told newspaper men they involved alleged “miscon duct” while Pecora was assistant di trict attorney at77ew York. iPecora, aggressive counsel of the committee, was the storm center of a. row that broke during the investiga tion yesterday when Senator Glass, Democrat, Virginia, demanded to be • informed where the inquiry was head ed. ~\ - The Michigan Senator said he had obtained a communication today from New York making charges Pecora. He also had Seen - fold, he added, “by an administration offi cial,” whom he would not identify, that there were some things about Pecora that should be investigated. Couzens said he regarded it as “a. subtle campaign” against the com mittee counsel. young: people’s societies to be tireless in their efforts to combat the use of alcoholic liquors as a beverage. At the insistence of Judge Sam M. Wilson of Lexington, Ky., the assem bly modified a resolution adopted last night, which urged, members to “stand firm in opposition to nullification of the laws of the land, whether nulli fication has official sanction or not.” Dr. Ernest Thompson, of Charles ton, W. V., the moderator, announced this section of the resolution had been lehanged to read: “The General Assembly urges our people to stand firm in 'heir opposi tion to the disregard of any and all laws of the land, whenever and how ever such disregard may be mam* felted.”
Henderson Daily Dispatch (Henderson, N.C.)
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May 27, 1933, edition 1
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