Newspapers / Henderson Daily Dispatch (Henderson, … / June 15, 1933, edition 1 / Page 1
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HENDERSON, GATEWAY TO CENTRAL CAROLINA. TWENTIETH YEAR MOST NATIONS DEFAULT ON DEBTS DUE HERE TODAY ‘ " ■■ -- - - - _ » *• < U. S. Wins Big Victory In Election Os James M. Cox Upon Monetary Committee STABILIZATION OF DOLLAR AND POUND REGARDED CERTAIN Looked Upon as Virtually Accomplished for Dura, tion of the Economic Conference HULL MORE HOPEFUL THAN ANY TIME YET Day’s Development at Lon don Parley Hearten Head of U. S. Delegation; Ac ceptance of Silver by U. S. on War Debt Encouraging to Senator Pittman (By the Associated Press.) The world economic conference for ged ahead today with thesee develop ments: 1. The United States won a victory with the elect io n of James M. Cox as chairman of ths imprtant mone tary committee. 2. Stabilization of the dollar and British pound for the duration of the parley was looked upon as virtually uccompl shed as the dollar steadied to lbout $4.05 to the pound. 3. Secretary of State Hull was “more, hopeful of substantial pro gress’’ than ever before as a result of the day'3 developments. 4. Senator Key Pittman hailed the bcceptanca by the United States of f 10.000.000 in silver on the British debt as “the greatest encouragement to the. intrinsic value of the metal ever announced.’’ HULL NOW MORE HOPEFUL THAN ANY PREVIOUS TIME Londcn. June 15. —(AP)—-Secretary of State CHoidell Hull told newspap ermen of all nations tonight that he was “core hopeful of substantial pro gress’’ by the world’s economic con fuence than at any previous t.mc. North Carolina Ordered To Allow Rail Surcharges Washington. June 15 (AP) —The Interstate Commerce Commission today directed seven states which had refused tn permit surcharges cn freight bills to allow the rail roads to make such levies. The decision was directed at North arolina, South Carolina. Georgia Alabama, Florida attd Ohio. ' l ;*!#j Committees Os Parley Are Named Cox Gets Big Mone tary Plum, With Italy, France, Hol land Recognized London, June 15 (AP) —James M. Cox American delegate was elected today as cliainman of the important nione'ary committee of the world eco nomic conference. finance Minister Guido Jung of italy, and head of his country’s dele gation. was elected vice-chairman. Georges Bonnet, French finance m.nister. was chosen as reporter for The committee. Prime Minister Hendryk Colijn of Holland wa snamed as chairmlan of ihe economic committee. Secretary °f state Hull, head of the American delegation was at first considered f or thi3 post, but the Americans de ( c!'*d to concentrate on securing the monetary chairmanship for Mr. Cox, ex-governor of Ohio, and former pr«s irtprdjal ncm'ncf of the Democratic Hruhrrsmt Haifa tl tap afrit SERVICE UF THE ASSOCIATED PRESS. Administration Intends To Realize $250,000,000 By Tax On Wheat , Cotton Pension Exhibit A : | <■ Senator Cutting (right), of New Mexico, with Peter J. Reno, veteran of five major World War battles, who was offered as a “human ex hibit” before the Senate in the fight against proposed cuts in veterans’ payments. Reno, whose heart can be seen palpitating through a cav ity in his back, had been removed from disability list by Veterans' Bureau. BAILEY SUPPORT OF PRESIDENT LAUDED Pressure From White House and Back Home May Have Changed Him HE SPOKE IN SENATE Got Himself on Record as Extolling President; Reynolds’ Bad Break On Bealie Speech Help,(- ing Bailey Some Dnlly isinpntclt Rnrrna, In the Sir Wnlter Hotel. BY J. C. BASKERVIM., Raleigh, June 15.—The decision by Senator Josiah William Bailey, tho ugh somewhat belated to track with President Roosevelt and support his program, after several months of op position to many parts of it is serv ing already to decrease much of the sentiment which was growing *up against him in many quarters, accord ing to opinion here the past several days. This swing back towards sen ator Bailey has also been helped by the rather serious blunder made by Senator Robert R. Reynolds when he toad a speech made by one Morris A. Bealie! in High Point recently in w&ich he criticized Senator Bailey and oth ers, as well as many of the measures advocated by President Roosevelt, placed in the Congressional Record. Senator Reynolds has since apologiz ed for inserting this speech into the Congressional Record, stating that he had not read it in fulL at the time he inserted it. But there is no doubt that this action has hurt Reynolds and rebounded to the benefit of Senator Bailey. v \ The question many here would like to have answered is: “What made (Continued on Page Four.) huge emergency . MEASURE IS LAW , . f i Washington, June 15.—(Ap)— ! The Senate today adopted the i conference report on the' $3,600.600 emergency appropriation bill and sent It to <he White House. The House approved it yesterday. __ ONLY DAILY NEWSPAPER Betterment in Long Range Farm iPrices Hoped for as Result of This New Procedure JULY 1 ONWHEAT; COTTON AUGUST 1 Cotton Tax Expected To Be Four ICents Per Pound and Wheat 28 to 30 Cents Per Bushel; Rates May Be Raised or Cut According to Price Trends Washington, June 15.—(AP) — The administration intends to raise $250,- 000,000 by processing taxes on wheat and cotton, which it will levy at their maximum size in a bold program aim ed to better long range farm prices by cutting down production. The government’s plans provide that most of the sum will be used to reward farmers who agree to reduce their outuput in contrast with the Federal drive to halt the piling up of surpluses, long a price-depressing pro blem for growers of the two chief cash crops of the United States. President Roosevelt has approved a program devised under powers pro vided by the new farm act, which Secretary Wallace will make public tomorrow. A comprehensive acreage curtailment program will be launched immediately for cotton to take out as much as 10,000,000 acres of the crop now growing. No effort will be made to cut pro duction of the wheat now nearing harvest. Winter-kill and bad weather have cut he prospects for this crop down to approximately domestic needs for the first time this century, al though there is expected to be carry over of about 360,000,000 bushels on 'July 1, beginning at the new market ing year. The wheat program, how-* ever, is to be put into effect on fall planting. Wallace has completed details of both programs except for a few ele ments still open. One, subject to change, is the exact time the taxes will go into effect. He is authorized by the farm act to levy them at the beginning of the crop year for each commodity. That would be July 1 in it he case of wheat and August 1 in the Case of cotton. Both may be delayed until August. The tax on cotton is expected to be four cents a pound, that on wheat 28 to 30 cents a bushel. If prices of either drop before collection of the tax begins, the rates could be boost ed, while if prices rose as a result of the prospect of a smaller future sup ply the tax could be smaller, since Wallace’s power authorizes him to levy a tax which at its maximum re presents 'the difference btween the current price and the parity price, which is based on pre-war average levels. / Forestry Camps ' ■ In Warren, Durham Counties Planned Raleigh, June 15 (AP) —iF. H. Clar idge, supervisor of State-operated camps of the Civilian Conservation Corps, and Major Moore, of Fort Bragg, today are insecting a site for a proposed forestry camp in War ren county. Next in line to be selected is the site for the Durham! county camfip. after which sites in Piedmont coun ties will be picked. Sites have already been approved near Stantonsburg in . Wilson county, and Windsor, in Bertie county, and a camp at Lake Waccamaw- is already occupied. i ' WEATHER FOR NORTH CAROLINA. Fair tonight and Friday; war mer Friday and in extreme west portion tonight. , _ PUBLISHED IN THIS SECTION OF NORTH CAROLINA AND VIRGINIA. HENDERSON, N. C., THURSDAY AFTERNOON, JUNE 15, 1933 Leader of U. S. "Fascists” Alt J. Smith (insert), commander-in-chief of the Khaki Shirts, an organization patterned after European Fascists groups, aims to take over U. S. government, he told 2,000 followers who massed at a meeting at Philadelphia where these photos were taken. (Central Press) Huge Building Program For Navy Is Announced $238,000,000 Outiay From P üblic Works Program Would Put 32 Ships in Waters In Three Years, Swanson Says; Start Work Soon; Roosevelt Approves Washington, June 15.—(AP)—A $238,000,000 naval building pro gram, intended to put 32 new ships in the waters in three years, was formally announced today by Secretary Swanson. President Roosevelt has agreed to allocate the funds vit of the $3,300,- 000 public works appropriation, and ‘is anxious to have the work done las soon as possible,’’ Swanson said. “We will build to the fullest cap acity of shipyard facilities,’’ he ad ded, “as quickly as possible we want to put people to work at shipbuilding, where 85 percent of the expenditure goes to labor. DUNWP AS BUDGET HEAD ISAPPROVED ’ ) State Officials and Employ, ees Welcome Him; Glad Burke Is Going Dally Dlvpnteh flnrena. In the Sir Wnlter Hotel. ***■ J V. ItASKEHVii.t,. Raleigh, June 15.—The appointment of Frank Dunlap of Wadesboro An son county, to be assistant director of •the budget to succeed Henry Burke, who has held this post for the past (eight years, is not only meeting with general approval in State governmen tal circles here, but with real accJaim The principal reason for this is, of course, the fact that Burke at last is actually going to leave the State’s iempioy as the active head of the Bud get Bureau. This fact alone would cause rejoicing among most of the iSfcpt)ft officials and {employes, wijth whom Burke has been about as pop ular as rat poison. The second factor in the almost universal approval of the appointment of Dunlap to suc ceed Burke, is that Dunlap is per sonally popular with a majority of the 'State officials and employes as a re sult of his contacts with them and last two years of the Gardner ad (Contipued on Page Sight) WINSTON MAN HEADS CHRISTIAN ENDEAVOR State Conference at High Point Goes cH Record for Retaining 18th Amendment , High Point, June 15 (AP) —Oscar Hedge, of Winston Salem, was elect ed president of the North Carolina Christian Endeavor Union here today, and the union adopted a resolution advocating retention of the eighteenth amendimnet. The delegates declared in favor of rigid enforcement of the prohibition laws especially by practicing total abstinence and seeking others to d’o likewise. . ( __ ___ “We can start in the navy yards at cnc?. “We hope eto open bids for pri vate shipyards in July and may be ready to go ahead in them by August though that depends a great deal on ; b.ds.” “Every navy yard in the United i States capable of doing work will have some work to do. The program will be pushed from the department with all the vigor we have.” Asked whether the construction would affect the Geneva arms con ference, Swanson—a former delegate —said nclt, since “we won’e do any thing except what it has been agreed we should do.” Democrats Backing Up Roosevelt House Group to Sus tain President On Compro m i s e On Cuts for Veterans Washington, June 15.—(AP) — A conference of House Democrats voted 171 to 31 today, to sustain President Roosevelt’s compromise on veterans’ Compensation in the tally of the House of Representatives itself, which was scheduled soon to ensue. The conference vote was not bind ing on the party membership, how ever. It was explained by Democratic leaders that it merely voiced a senti ment of a maority of the Democrats. The Tammany delegation threw its support behind the President’s pro posal. Although 202 members voted at the Democratic conference, they have 313 seats. Republicans said they were going to vote for the Steiwer maendment as a unit, and, with 100 Democratic votes, could put over their proposi tion in the Senate, which is the Cut ting-Steiwer amendment for more li iContir.uen on Page Hour! One Pennsylvania Town Has a Snow Coatsville, Fa., June 15 (AP) — Weather history for this regie*.! was made last night snow falling at Sadsbury, foujr miles west of Coatsvillq. ' The flurry lasted several minutes and the tempera ture dropped to 45 degrees. PUBLISHED EVERY AFTERNOON EXCEPT SUNDAY- BRITAIN AND ITALY ONLY COUNTRIES TO MAKE ANY PAYMENT Total Debts Due To U. S. This Date , Are $144,000,000 Washington. June 15 (AP)—The war debt payments due today, on which the United States is collecting a scant few millions, total $144,000,000. They are listed here by countries, with the promised payments: Country Total Due Being Paid Great Britain $75,950,000 SIO,OOO 000 France 40,738,000 Raly 13,545,000 1 000,000 Belgium 6,325,000 Czechoslovakia 1,500,000 Roumania 1,000 000 Poland 3,559'000 Esthonia 284.322 Finland 148,000 Hungary* . 28,260 Latvia 118,961 Lithuania 132,073 Jugo-SlavLa ... 275,000 12 1-2 Percent Slash in SaL aries To Become Effec tive November 1, They Are Told union meiTnot TO ACCEPT THE SLASH On Top of Previous 10 Per cent Gut, Would Make 22 1-2 Percent Reduction from Basic Scales; Meet ing Called for July 12 To Be in Chicago Chicago, .Turin 15 —( A p)—America’s railroads today notified their union employees an additional cut of 12 1-2 iperoent in wages would be made ef fective next November 1. The announcement, made through the Railway Executives Association, said, in effect, that a previous “tem .porary deduction of ten percent” would be Made permanent, and that an additional 12 1-2 percent cut, would be imposed. The total slash in pay under the announcement wou|d be 22 1-2 per cent from the basic wage scale. Officials of the Railway Executives Association have announced flatly 'the union workers would not accept such a cut. The railroads asked that represen tives of the union employees meet in (Continued on Page Pour.) School Body Will Recognize Certain School Districts Raleigh, June 15 (AP) —Leßoy Mar tin, secretary of the State School Commission, said today that the com mission is working on a definitely policy or recognizing, every charter district with a student population of 1,500 or more as an administratiwe unit, but that some districts with pop ulations that large or larger would not be set up as administrative divi sions. Navy Board To Accept The Macon Washington, June 15 (API- Sec re tairy Swanson announced td day that the special trial board has recommended that the Navy accept the new airship Macon. The board, headed by Rear-Ad miral George Day, reported the air ship flights were completed and recommended acceptance “subject to routine ppsGtria (inspections.’’ V*. . > * 8 1 PAGES TODAY FIVE CENTS COPy England Pays $10,000,000 on $75,950,000 Install ment Due to The I ; United States MILLION-DOLLARS IS PAID BY ITALY Total Due Is $13,545,000; Poland and France Advise They Will Pay Nothing, as They Did Last December; Anglo m American Debt Conference Arranged Washington, June 15— (AP)—With some nations defaulting and others making part payments, European counties today fell in line behind Great Britain in informing the Wash ington government of their decision on war debt installments. Early in the day—the semi-annual payday for war debts—the Polish Em bassy announced it had informed the State Department it could not pay the $3,550,000 due. Poland also defaulted last December. Next, Ambassador Rosso of Italy advised the State Department his country would pay $1,000,000 of the $13,545,000 due. This was $245,000 less than the actual amount of interest ♦payable* (the remainder being prin cipal. Dispatches from Paris said France would default on the $40,738,000 pay able today. France took the same ac tion last December. Great Britain made known last n ght it would pay $10,000,000 in silver at 50 cents an ounce on the $75,950,'- 000 owed. However, the full debt was acknowledged pending final settle ment. A conference will be 1 held her* shortly between representatives 6( Great Britain and the United States to go ove rthe debt problem, the de cision to be submitted to Congress. Reynolds’ Claim Is ..i. Disputed Bealle Says Senator Did Read Speech Put Into Record At tacking/Bailey Washington, June 15.-^-(AP) — The assertion by Senator Reynolds, Dem ocrat, North Carolina, that he had not read the speech he inserted recently in the Congressional Record attack ing two of his colleagues, was dis puted today by the author, but Vice- President Garner said the controver sy would go on outside the record. Morris A. Bealle. of Washington, whose speech attacking Senators Rob inson, Democrat, Arkansas, and Bailey. Democrat, North Carolina, wab placed in the records by Reynolds, but later withdrawn with apologies, said in a letter t 0 Garner and Reynolds that the latter had read it before hfe acted. Reynolds, in asking to havg the speech withdrawn, apologized to h',* colleagues, saying he had not read if and did not know its contents. “You know full well that you die. read this speech iu its entirety. Bealle’s letter said. “Further, tha you discussed the Bailey portions o it with me before it was done. Y-o'., know very well that at your request I spent an hour in your office Mon day afternoon going over it and d« leting certain portions which refer red to Congressman Pou and Senatof Joe Robinson, whic were backed uj by and placed upon public records but which you thought might caus* reprisal later on. Senator Reynolds said he had ru celved the letter, but it was an in famous lie. Copies of Bealle’e letter sto Vicr President Garner and Senator Re* nolds were sent to the Daily Dispa be* today by Bealle and in addition t quotations in the above news stof from Washington, the letter - nolds closes as fellows:<♦ “Mr. D. V. Cartel* ’domi&ander t the North Carolina Spanish erans, informs me that you £t>l<f?hir you voted for the ‘Soak-the-Veteram Act, alias ths Economy Bill, - wfthou • tn Page Four.g, t
Henderson Daily Dispatch (Henderson, N.C.)
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June 15, 1933, edition 1
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