HENDERSON,
GATEWAY TO
CENTRAL
CAROLINA.
TWENTIETH YEAR
DEADLOCK
Tobacco Season To Start
Here On Tuesday, Sept. 19;
Other Dates Also Are Set
FINANCIAL STATUS
ON TOBACCO TRADE
IS BESTJN YEARS
In Very Liquid Condition,
President Carrington
Tells Virginia Beach
Convention
TREND IS TOWARD
CHEAPER PRODUCT
Substantial Increase In 1933
Crop Not Regarded as Ex
cessive; Explains Sharp De
dines Past Few Years; To
Announce Opening Dates
V rginia Eeach Va., June 30.—(AP)
—Opening dates for the tobacco mar
kets in the different belts for sale of
the 1933 crop were announced today
by 'he sales committee of the To
bacco Association of the United
State:? as follows:
Georgia, August I.^
South Carolina. August 15.
Eastern North Carolina. August 29!
Middle Belt. September 19. .
Old Belt, September 26.
Dark Vrginia Belt. November 7.
Virginia Beach. June 30.—(AP)—
The financial position of tlm tobacco
trade was pictured today by A. B.
Carringto i. of Danville. Va., presi
dent of the obacco Assoc alien of the
United Stitvs as ‘‘very much better
than it has been for a number of
years."
He said the trad-’, ‘'generally speak
ing ' is in a "verv ’.quid position.”
Addressing !h? 33id annual conven
tion of th«> association, President Car
rington sa.d that the trend ol the
trade is toward a cheaper product,
with medium grades of tobacco find
ing a good market. A sharp declinee
in the tobacco exports was attribut
ed to tnree factors: the decreased pro
duction during the last year, the dis
turbed exchange condition through
out the wor'd, and the lessened use
by foreign manufacturers of Amer
ican-grown tobacco.
Substant al crop increases for 1933 j
■were predicted by this speaker, who i
said, however , that the anticipated |
y;eld was not regarded as excessive, i
» - - - - - - r
Greensboro
Gets Office
New Bank
Central Os f : c e Os
Merger Will Be Lo
cated in That City,
Group Decides
Raleigh. June 30 (AP) —Greensboro
' aftcrnoo n was selected to be the
~rn - office of a new Statewide bank
to bb° organized from the Page Trust
Company, North Carlina Bank and
• Us Company and Independence
’Gust Company.,
"ommitttees representing each of
old banks, which are now in liq
uation, met here today in a four
p.'-oion a nd fixed Greensboro to
T hf central office of the new insti
ut'on. which will have a capital
stock of $1 500,000.
' lengthy discussion, the mat-
P °f selecting a name for the new
!,ls! itutio tl wa
1r ' committee representing the
bfinks are composed of four repre
-entn*ive,s of depositors two represen
11K "f stockholders, and one rep
-11 1,1 ■v« of the Reconstruction Fi
-1 •ipotHtion. and one each of
*’ old banks.
' r*f mmittens control and vote
lne stoc k in the n cw bank. _I .
I&miteraim
FULL LEASED WIRE SERVICE
OF THE ASSOCIATED PRESS.
Senate Griddle
v- :•
Camera studies'of Otto Kahn, famed partner in Kuhn, Loeb and Co.,
made in Washington as he faced the Senate’s investigation of the secret
activities of Wall Street powers, show him unruffled. He is pictured *
below with Sir William Wiseman, partner in the house, who was head
*' Os British secret service in U. S. during the world war.
(Central Press)
Large Profits By
Kuhn, Loeb Shown
Washington, June 30.—(AP) —A
balance sheet of Kuhn, Loeb and
Company for 1932, placed before
Senate investigators today, showed
total assets had dropped during
the year from $67,000,000 to $43,-
000,000.
Just previously, Otto H. Kahn,
the senior partner, sa : d Kuhn,
Loeb made a profit of nearly $6,-
000,000 in financing Pennroad Cor
poration, the $140,005,000 hod ding
company organized by the Pennsyl
vania railroad.
Questioned closely by Ferdinand
Pecora, counsel so rthe Senate
Banking Committee, Kahn agreed
his company received total com
pensation of 5,472,245 in organizing
the corporation, and another $400,-
000 from sharing in the purchase
of other companies by the Penn
road.
Rules No Department Can
Hire Lawyers Without
His Approval
Daily Dispatch Bureau.
In the Sir Waller Hotel,
nr J. C. B ASKER V ILL.
Raleigh, June 30.—The ruling by At
torney General Dennis G. Brummitt
to the effect that none of the State
department heads may employ any
legal assistance without the consent
and approval of the attorney gen
eral thus asserting that he and he
alone has the right to employ any
lawyers for any state departments. Is
regarded by quite a number here as
the first salvo in a barrage which
the attorney general intends to let
loose upon the administration of Gov
ernor J. C. B. Ehrihghaus, accord
ing- tocurrent reports. Attorney Gen*
(Continued oa Page T&ree.j. J
ONLY DAILY
CONTINUES AT LONDON
TO LAND BIG TOST
Mrs. O’Berry Next In Line
Among Women of State
For Federal Pie
In the Sir Walter Hotel.
Daily Dispatch Bureau,
ItV J. C. BASKERVILL.
Raleigh, June 30.—While few North
Carolina women Democrats have as
yet been given any opportunity even
to smell any Federal patronage pie,
much less taste any of it, opintion
in informed political circles here is
agreed that Mrs. Palmer Jerman, of
Raleigh, is first in line at the count
ed and will probably get the largest
hunk to be handed out to any of the
women. It is also generally agreed
that next in line is Mrs. Thomas
O’Berry, of Goldsboro vice chairman
of the State Democratic Executive
committee. Thfe only reason Mrs;
Jerman is first in line is that she
happens to be a member of the Dem
ocratic National Committee from
North Carolina, which almost auto
matically means that she must be
taken care of in the distribution, of
federal patronage.
Mrs. Jerman will undoubtedly be
painted as assistant collector of inter
nal-revenue for North Carolina, serv
ing under Collector C. H. Robertson
who will take over the internal re
venue office her* July 1, according to
reliable repors both • here and from
Washington. There is no doubt that
this post has been offered to her and
it is believed she will accept it, al
though what she really wanted was
(Continued on Page Three.).
jeffress removed
TO DUKE HOSPITAL
Raleigh, June 30. —(AP) Chair
man E. B. Jeffress, of the State
Highway Commission, who has
been ili for some time with a
Streptococic throat infection and
tyletis was removed to the Duke
hospital at Durham today, but it
was said at the highway comm s
sion offices that he- was no worse.
NEWSPAPER PUBLISHF.TI
HENDERSON, N. C.,
tJctrhi tUsmitrit
IN THIS SECTION OF NORTH CAROLINA-AND VIRGINIA.
FRIDAY AFTERNOON, JUNE 30, 1933
Deficit of State
About $13,750,00Q
Raleibh, June 30.—(AP)—The de
ficit of the State of North Caro
lina at the end of the fiscal yeiai
at midnight tonight will probably
aggregate about $13,750,000, Henry
Burke Budget .Bureau executive!
♦raid today.
Final figures on the deficit,
which has accrued since the fiscal
year 1930-31 started, will not be
available for about a week.
Tomorrow Burke will be succeed
®d by Frank L. Dunlap, former
State Senator and former person
nel director, who will become as
sistant director of the budget.
Burke always refused to accept the
official title of his office.
JUNE BEST MONTH
IN LONG TIME IN
U. S. TAXES HERE
Grissom, Retiring From Ra
leigh Office, Says
Month’s Total To Be
Over $30,000,000
BUSINESS UPTURN
HAS BEEN STEADY
Began In April and Has
Risen Continuously Since
Then; Charles H. Robert
son, Hillsboro Democrat,
To Take Over Duties of
The Office Tomorrow
Raleigh, -June -^-Gilliam
Grissom, United States collector of
internal revenue for North Carolina,
said today that June collections of his
office will total more than $30,000,000,
and the month will rank as one of the
best for collections in the State in
about three years.
Tomorrow Mr. Grissom retries as
collector of revenue for the State, hav
ing served through the last three Re
publican .presidental administrations;
He will be succeeded .by Charles H.
Robertson. Hillsboro Democrat.
“It is gratifying that the last month
month of my service saw such excel
lent collections.” Grissom said. “The
busines upturn which was first evi
denee'l in Apnl and continued in May
increaccu in June, ;f ejections of this
office can be considered a fair
barometer.”
In April the 3 f a»te Federal collec
tions were $500,000 above those of
April, 1932; in May they reached $25,-
305,1.82 and were $7,685,259 above May
a year ago.
Grisson said the accuai June col
.scirons th.s y'ar will be about ?■s,-
000,000 above last June.
Two More
Sales Tax
Revisions
Raleigh, June 30.—(AP)—Revenue
Commissioner A. J. Maxwell today
announced two more revisions in the
rules and regulations to govern the
administratio nos the State’s new
three percent general sales tax, which
becomes effective jat glidn?g!ht Htof*
night.
The changes revised the rule on ex
change and barter of goods, and that
(Continued op Page PourJ
Drenching Rains
Give Some Relief
(By the Associated Press)
Drenching rains and high winds in
various sections of th% Middle West
broke the drought and brought tem
porary reief from the torrid wave
but the weather man was threatening
to turn on the heat again today.
As evidence of how hot it really
can get, thp folks down in Shattuck.
Okla., saw the mercury in their ther
mometer rise to 120 degrees above
zero yesterday.
At Junction City. Kans., it was 116
whiig Oklahoma City had. its eighth,
TEXTILE INDUSTRY
V£i-• v *
A SSI
Agreement Reached After
Four-Hour Conference
and Is Reported To
Director Johnson
SHARP INCREASE UP
FROM FIRST SCALES
Matter of Working Hours
Still Unsettled, But Ope
rators Confident 40-Hour
Week Schedule as Origin
ally Suggested Will Not
Now Be Altered
Washington, June 30.--(AP) The
textile industry prepared today to in
crease the proposed minimum wage
scale for unskilled workers to sl2
weekly in the South.
An agreement among cotton manu
facturers on compromise on a new
m nimum wage schedule to be offered
labor in the textile industry was
reached today after a four hour con
ference in a stuffy hotel room.
The new figure, which the manu
facturers were to submit at once to
Hugh S. Johnson, administrator of
the national recovery act, was not
formally disclosed, but was leported
reliably to be would be sl2 for South
ern mills and sl3 in the Northern
mills.
In the code originally submitted, the
minimum wage provision calls for $lO
in the South and 11 in the North,
Labor protecting their scale.
As the conferencee broke up,
Gebrge A. Sloan, chairman of the
manufacturers’ committee, rushed
through the hotel lobby saying he
was on the fly to meet General John
son .
The matter of working hours, to
which Labor also had entered vig
orous protest, still rema ned to be de
cided., but the operators felt confident
the 40-hour week schedule as ori
ginally suggested would not be alter
ed.
Plane Off
To Rescue
Mattern
:j
New York, June 30.—(AP) — The
“Jimmy Mattern Rescue Expedition”
soared away from Floyd Bennett field
today for Alaska.
Chief Pilot William Alexander, in
-command of the rescue plane, said
that on reaching Nome he and his
three companions would “divide the
map into squares” and search sys
tematically for the l'ost flier.
Mattern,, a San Angelo, Texas, man
who wqs attempting a flight around
the world, took off from Khabaro
vsk, Siberia more than two weeks ago
and vanished.
The rescue plane is a large craft
in which Clyde Pangborn and Hugh
Herndon, Jr., once fletw arouqd the
world. It is now owned by a Brook
lyn brewer.
Alexander announced that he plans
stops at Dayton and Akron. Ohio, to
pick up additional equpment. The
next scheduled stop was Winnipeg,
where he hoped to land before night
fall. Then the fliers will proceed to
Edmonton, Alberta, WYhit© Horse and
Nome. The latter city was Mattern’s
goal when he hopped off from
Khabarovsk.
consecutive day of 100-mark readings.
At Kansas City it was 101. St.
Louis sweltered at an even 100 and
three persons died. Throughout nor
thwestern Oklahoma the mercury
hung between the 100 and 104 marks.
Ind. the loss approached $42,000.
Cooling rains which brought relief
to a widespread populace and parch
ed fields were accompanied in some
instances by destructive winds and
thunderstorms.
In Chicago damage was estimated
by police at $65 000 and over the
State line at Gary; and Hammond,
PUBLISHED EVER? AFTERNOON
EXCEPT SUNDAY-
CONFERENCE
STILL WAITING FOR
WASHINGTON’S MOVE,
FRENCHMAN STATES
Roosevelt Begins
Return to Capital
Washington June 30 (AP) —Sec-
retary Swanson today received a
wireless report that President
Roosevelt and his prty were aboard
the cruiser Indictlapolis to start
the President’s trip bback to the
White House.
The report from aptain John
M. Smelley stated simply that the
presidential party had come aboard
at 8:35 a. m. Th emessage came
from Cmpobello Island. New
Brunswick.
The navy’s last orders to the In
dianapolis were issued with the un
dels tan ding it would carry the
President to the mouth of the Po
tomac.
Off ciais explained, however,
that the President was commander
in-chief of <he navy, and the ship
would act on his command as long
as he was aboard.
TOMMEB
IF PARLEY FAILS
I
Senator Joe Robinson Tells
Rotary Convention Eco. ,
nomic War Will Be
come Fiercer
WORLD TRADE WILL
DIMINISH' FURTHER
Give Cooperation and Sup
port of Public Opinion,
Results, Though Not En
tirely Satisfactory, Be Re
assuring; Failure Sure
Wiftrout That
Boston, Mass.,, June 30.—(AP) —
United States Senator Joseph T. Rob
inson, of Arkansas, today warned that
should the London conference end in
failure, “the economic war now being
waged will become fiercer and more
disastrous. ”
“International commerce likely will
continue, to diminish and the depres
sion may be prolonged indefinitely,”
the senator said in a speech before
the convention of Rotary Interna
tional.
“Conflicts of national interests can
not be completely reconciled, but
they may be so far harmonized that
their tariff and currency arrangte
sments may be negotiated—arrange
ments calculated and designed to end
the present economic war and re
vive business among the nations.”
Given the cooperation and support
of public opinion, which the impor
tance of its undertaking warrants,
the result of the conference still may
(not be entirely satisfactory but re
assuring, Denial that cooperation,
hopeless failure seems inevitable.
OBSERVE CENTIT
OF STATE CAPITOL
New Cornerstone Laying
Planned for Morning of
Tuesday, July 4
Dally Dispatch Rnre.ni,
In the Sir Walter Hotel.
BY J C. U ASKER VILL.
Raleigh, r une 30.—Plans for the
program h ,e July 4 in observing the
one hundredth anniversary of the lay
ing of the corner stone of the State
Capitol are just being completed by
the Centennial Commission created by
(act of the 1933 General Assembly.
The parade preceding the program at
the Capitol will start at 11 o’clock
and will contain a number of inter
esting floats depicting the history of
the State, in addition to a number of
military companies. Members of the
Grand Lodge of Masons will parti
cipate in the parade, as well as in
(Continued on Page Four.)
8 PAGES
TODAY
FIVE CENTS COPY
Roosevelt Understood To
Have Replied Favorably
To Plan To Check.
Fluctuations
GOLD BLOC SENDS
NEW PLAN TO U. S.
President’s Reply Is Expect,
ed Tonight; No Specific
Mention Must Be Made of
“Stabilization,’ Roosevelt.
Cables Moley, According
To Report
London, June 30—(AP)—The dead
lock over currency stabilization re
mained unbroken tonight after a
series of conferences attended by
leaders of the world economic con
ference. The next move was said to
be up to the United States government
“We are still, waiting on Washing
ton,” said Finance Minister Georges
Bonnett, of France, after a meeting
attend by leaders of the glod bloc,
American Assistant Secretary of
State Raymond Moley and Prime Min
ister Ramsay MacDonald and Chan
cellor of the Exchequer Neville
Chamberlain.
Before. the meeting high British
quarters'said ‘they understood Presi
dent Roosevelt had replied favorably
to a plea to prevent erratic dollar
fluctuations.
According to the British, the reply
amounted to substantial approval, in
principle if not full acceptance. After
the meeting, it was understood from
an authoritative source that a n«W
gold bloc proposal, under which Am
erica and Britian would join in stop
ping currency inflation, had been sub
mitt ed to Mr. Roosevelt. His answer,
was expected tonight.
The original gold bloc proposal for
warded to the President by Mr. Moley
last night contained not only a pro
vision about speculation but also calls
for a declaration that the signatories
pledge themselves to ultimate stabi
lization.
It was understood that Mr. Roose
velt was willing to accept the pro
posals for stopping speculation, but
he cabled Mr. Moley that there must
be no specific mention of “stabiliza
tion.’'
The President is said to have stated
that the proposal must be confined to
a fight against speculation.
Mr. Roosevelt’s reply was regarded
in high British quarters as favorable.
The gold bloc, however, would not ac
cept.
Wallace Is
Given Huge
Authorities
Roosevelt Act Clari
fies Relation of Re
covery and Farm,
Administrations
Washington, June 30. —(AP) — To
clarify the relationship between the
national recovery administration and
ihe farm administration,. President
Roosevelt today delegated to Secrea y
Wallace all the powers contained in
the industrial recovery act relafng to
the handling of milk, tobacco and the
food and feedstuffs except those as
to hours of labor, rates of pay and
other employment conditions.
The move, made in an executive or
der was intended to avoid difficul
ties which have arisen through cer»
fain industries handling foodstuffs.
In a jont statement, Hugh John
son and Peek sad the executve order
would facilitete the closest coopera
tion between the two administrations
To assure uniformity, the provision. l
relating to fair competition codes wit
be applicable to all industries includ
ing those covered by the agricultural
adjustment act.
WEATHER
FOR NORTH CAROLINA.
Generally fai rtonight; Saturday
‘ local thundershowers.