Newspapers / Henderson Daily Dispatch (Henderson, … / Oct. 25, 1933, edition 1 / Page 1
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HENDERSON GATEWAY TO 'central CAROLINA TWENTIETH YEAR WASHINGTON APPROVES flf* Afi, At sg. v o „ Government Buys Gold Well Above Market Price QUOTATIONS PLACED AT 27 CENTS ABOVE THE WORLD MARKET Will B* Paid for * n C.i 90 Day Debentures, All Easily Convertible Into Cash ORDERS TO FOLLOW ACTION | Will Come from White House, With Regulations From the Treasury Outlin ' ing Method of Procedure ■ for Transfer of Gold by Mining Companies Waihir.gfon, (Vs. 25. (AP> Presi dent Ro srvelfs unprecedented plan lot con*" o.ling (tv American value of rcli ’h* expectation of raising com ■r.-dity n: »cc s was put into operation •■■« day with an offer to purchase new gold at $31.30 an ounce, 27 o nts higher than the day’s opening 1 rations on world markets. ' Announcing the price, Jesse H. ! vs. chn iman of the Reconstruction fir.anc*' Ccrpmation, said the git* am ■r.g metal would be paid for in the corporation's 90-day debentures, which ip added, could be easily converted into cash. Govern r ent fiscal experts wore working out a plan whereby the d*- I bfnrure-i can he discounted at a rate vhich wi; bring their holders tne i purchase price for their gold. \r. executive order from the Whit* I isc and regulations from the Trea -3 ly Department will be issued later '.:i the day, outlining the procedure V whip', the mining compain* s will transfer tlvir gold to the corporation ROOSEVELT WARMS SHE IST END I becoming Impatient At Lengthy Negotiations at Pennsylvania Mines Waslngton. Oct. 25.—(AP)—Presi of nt Rocse\Vlt is (becoming impa- over the long drawn out nego b’Lons for peace in the “captive” mines of Pennsylvania, and was re ported a t noon today to expect a reply 1 om Myron Taylor, chairman of the United States Steel Corporation, with in a few hours. Th- Fr(. ids nt has lold the operators r - these mines owned by the steel and ;r°n companies, that If they do not make temis with the miners, he will i tep Jr, It made very plain today at Gv. White House that he fe*Ls these • tgeyation' have been long drawn out i nd 'hat action is due, Building Is Ahead 1932 First Time' I'irst Time Since Spring of 1930 Fig tires Exceeded The ear Before I York. Oct. 25.—(AP)— Build- Ra contracts for the first half of ' bvr in the 37 states east, of the '■' 'by Mountains exceeded the com* ahe period of the previous year T' thc " fi,st time since the spring of iGi thf ' ch el statistician for F. W. 'G/ e Corporation announc' d today. be contracts compiled by the sta :l:tlcian ‘stalled $04,900,000 for the V's halr ” r October, against $54,330,- _ j" r I b' first half of October last ••'vu' h :c tofore, building contracts i( si euily declining since the spring of 1930. HettrU'rsmt DatUr T1 tspatch of" Cheei »»|l[ CS kfi gsfl lajA Kl Kfl Kn Cm APRIL MAY JUNE JULY AUG SEPT This chart shows how the re-em ployment situation has progressed since last April, according to figures quoted by William Green, president of the American Federation of La bor. A slight decline in May was followed by a sharp rise in June. July was down slightly, but in Au gust and September 1,700,000 work ers returned to work, making a total of 3,590,000 re-employed since April. fCentral Press J MUIJOf Hunt Fugitive Convicts Who Are Robbing Bajrrks, Ter rifying State Indianapolis, Ind., Oct. 25.—(AP)— United States Department of Justice agents, sc.ourge of kidnapers, today joined Tixliana’s war on a gang of fugitive ton vie's equipped with guns stolen from the police stations and financed by JIOO.OOO loot from bank robberies. State police tlying to halt depre dations by eight desperadoes who shot their way from the Indiana. State Prison September 26 welcomed the aid of an unreveaH'd number of Federal operators ordered to Indianapolis. The government men entered the search after two bank robberies in which gunmen obtained $74,000 in cur rcncy and bonds at Green Castle Monday and $2,500 in cash and berty Bonds at South Bend yesterday. Four m> n participated in each rob bery, and witnesses identified some of the convicts as the hold-up men. Lindbergh “Tipster” Is Hunted Boston, Mass., Oct. 25 (AP) —Po- lice who have been questioning John Goreh about the Lindbergh kidnaping shifted today to a hunt for a person who gave a “tip" leading <o Gorc-h’s arrest. They wanted to find out. just how much the mysterious letter writer knows about Gorch’s past. Goreh at first was believed to bear a resemblance to the “John” who col lected the SSO 000 Lindbergh ransom from Dr. John (“Jafsie”) Condon. Condon, however, has denied he is the man, and Folic Lieutenant, James Finn, of New York, expressed to his superiors a conviction that Goreh had , nothing to do jy-'ttv the kiduajoing^ ONLY DAILY LEASED WIRE SERVICE OF THE ASSOCIATED PRESS. NEWSPAPER PUBLISHED IN THIS SECTION OF NORTH CAROLINA AND VhShNIA. HENDERSON, N. C., WEDNESDAY AFTERNOON, OCTOBER 25, 1933 Smiling Dictator An unusual photograph of Josef Stalin, who is dictator of Soviet Russia by virtue of his office as secretary of the Communist Patty. He dominates the government’s pol icies by controlling the All-Union Central Committee. (Central Press) GAMES ~ BY REPEALERS AS DRYS PULL BONER Invitations to Frank Me- Ninch and Attacks on Bailey, Gardner, Far ley Injurious CALL TO McnTnCH WAVING RED FLAG Revival of 1928 Hoovercrat Tactics Not Helping Dry Forces, and Sarcastic Stor ies Mailed From Raleigh Headquarters Are Also Damaging Dolly ;il*nnt<h Rnrp.n, In (hr Mir XVnlter Hotel, nv J. C. BASKEIIVILL. Raleigh, Oct. 25. —Two big blunders by tbs United Dry Forces, seeking to prevent. North Carolina from voting for repeal of the Eighteenth Amend ment, together with what many think is an effort to form a mugwump dry pqrty composed of Hoovercrats and both wet and dry Republicans is serv ing to make those favoring repeal more active, according to observers here. For while the bulk of the op inion in poliUcai chicles here is that right now the signs point more to wrad the state voting against repeal than for it. it is oenevea that unless the dry forces change their tactics they are going to defeat themselves and carry the state for repeal. It is also being pointed out that if the dry forces are not more, careful and cease their efforts to form a dry party com posed of mugwump Democrats and Republicans and political opportun ists there is danger of the election be coming a partisan instead of a non parhson affair. The two big blunders which the anti repeal forces have made, according to belief in political circles here, are as follows: 1. When they invited Frank Mc- Ninch to come back to the State from cn Page Four.l Serraut Asked To Form New Cabinet For France Paris, Got. 25.—(AP)—Senator Al bert Sanraut today was asked by Pre sident Albert Leßrun to form a cab inet, and agreed to undertake the task. The cabinet would replace that of former Premier Edouard Daladier, which fell this week after heated de bate in the Chamber of Deputies over the government leader's plan to bal ance the budget and protect the franc through various new taxes and gov ernmental economies. The premier-designate tentatively accepted what was considered a dif ficult- task iri attempting to form the, WIGGIN GIVES UP FROM WE BANK Former Head of New York Bank Tells Directors There Has Been Too Much Criticism BANK PAID ITSELF AHEAD OF PUBLIC Securities It Held Itself, Though Maturing Later, Were Given Priority In Settlement, Senate Bank ing Committee Is Told At Its Inquiry Washington. Oct. 25.—(AP)—Albert H. Wiggin, former chairman of the Chase National Bank, today volun tarily gave up hi« contract with that institution giving him retired pay of SIOO 000 b year for life, Ferdinand Pecora, counsel for the committee, which disclosed Wiggins retired salary, gave out a letter from the banker to the boarrd of directors of the bank giving up the contract be cause of public crifcism. The letter follows: “Genlemen: At the time of the ag reement to pay me r.ur.uU compensa tion of SIOO,OOO it was believed to be in the best interests of the bank. As the agreement has been criticized, I beg <o request that + be terminated.” Wiggin conferred briefly w ! th Pe cora before giving him copies of the letter. There were no ihd’caiii.iis whether action had been ap proved by the bank. SEC-URTITIES HELD BY BANK PAID AHEAD OF THE PUBLIC Washington, Oct. 25. —(AP)—Shep- ard Morgan, Chase National Bank vice president told Senate investigators to day that $30,000,000 of serial certifi cates held by banks were paid off be though the former had earlier ma turity dates. Morgan testified the $30,000,000 of certificates were held by the Chase banks an.l associates. “Which wc.< p:,.id first—the earlier or the later maturity dates?” Fer dinand Pecora, committee counsel, asked. “The later maturities were paid first,” Morgan replied. He added the publicly held certi ficates could rot be called before ma turity. while those held by the bank ers could be. Under Pecora’s questioning, lie said however, there was nothing in the certificates held by the bankers per mitting their payment before maturity. 8,605,580 Baler Os Cotton Ginned; / Above 1932 Mark Washington, Oct. 25.—(AP)— Cotton of this year’s crop ginned prior to October 18 was reported by the Census Bureau today to have totalled 8,605,580 running hales, exclusive of linters, count ing 326475 round bales as half hales and including 1,183 hales of American Egyptian cotton. To that date last year 7,309,004 bales, including 246,367 round hales and 2,526 bales of American Egyptian, had been ginned. Prior to October 18, orth Caro lina had ginned 481.522 bales. new cabinet, but asked President Le- Brun’s permission to consult his friends before making a final decision Immediately upon leaving the Ely see palace to which he had been sum moned just after lunch M. Surraut got in touch with party leaders and ex amined the prospects of forming a, new majority to further the Centre view wrecked b.v the left 031*161. As the ’mo? r likely possibility for the premiership he waited in lus of fice at the navy ministry for the pre sidential automobile to conduct him to the prlace There fc e anf j j£. Le- Brun canvassed, the situation for a full hour. GARNETT ST. PAVING As F. D. R. Reviewed Progress v JKs| IP mLjA Giving an account of his stewardship, President Roosevelt is pictured in the Oval Room of the White House as he addressed the nation over a nation-wide radio hook-up. The President told of the progress of the recovery machinery, sounding the hopeful note that we “are headed in the right direction.” f Central Press) Bombs Burst In Havana As Disorders Continue Arms Parley Will Wait Till Dec. 4 Geneva, Oct. 25—(AP) —The steer ing committee of the disarmament conference today recommended an adjournment until December 4. This recommendation was made With (the understanding that the parley begin on that date if the president, Arthur Henderson, and the committee arc convinced suf ficient progress has been made in the meantime, and it would be use ful then to convene. rSonbsirike Most of Them Negroes and Demand 65 Cents An Hour and Overtime Richmond, Va., Oct. 25. —(AP)—Ap- proximately 125 longshoremen of the Richmond waterfront terminals, most of ithem Negroes, went on strike today and pickeied both the terminal and the city employment, office in an ef fort to persuade other workers not to 'take the jobs they had left. James Houston, head of the Negro committee leading the strike, and Thomas E. Stone, white man, who said he represented the International Labor Defense, and was interested in seeing that the strikers’ legal rights are protected, outlined their demands ■as follows: Sixty-five cents an hour for all workers. Time and a half pay for work over eight hours a day, or on Saturday afternoon and holidays. No cursing and abusing of work ers. Drinking water supplied while work ing. Recognition of the workers’ com mittee. Houston said the men working in the warehouses are getting 30 cents an hour, and those on the ships a maxi mum of 20 cents an hour. A squad of police this morning was on hand watching the pickets at the' terminal, who were marching around with a sig and pamphlets. They said there had been no disorder. FARM PICKETS NOT OBSERVING ORDERS De« Moines, lowa, Oct. 25 —(AP) *—Farm strike 'pickets today were ap. Jparently com centra ting their fight for Ihrgfher prices on the Wisconsin and (northwestern lowa froit disregarding instruetioms from their leader, M:Io Reno, of Dea Moines, PUBLISHED EVERY AFTERNOON EXCEPT SUNDAY. Meanwhile, Government Claims It Has Broken Opposition to Its Policies generaiTstrTke BELIEVED NIPPED Reports of Contemplated Compromise for Parlia mentary Form of Govern ment Characterized As “Vague Talk”; Head quarters of Suspects Raided Havana, Oct. 25. —(AP) Bombs boomed ir. Havana last night and early today. Two exploded under trams, doing slight damage and one was hurled in to the headquarters of a Negro so ciety. Still another exploded in the hand of a Spaniard, Reuben Ibanez Betan court, 24, injuring him seriously. Betancourt said he found the bomb. Police claim they had evidence he was a communist. Meanwhile, the government assert ed it had broken the back of oppo sitionist movements to precipate a general strike. Government leaders characterized as "vague talk” reports of a contemplated compromise plan for a parliamentary government. Indicating it would continue to raid the headquarters of suspected enemies the government conducted two raids during the night which resulted in three arrests. The commercial strike which grip ped the city yesterday was terminated at midnight. Million Dollars More for Public Works Allotted Washington, Oct. 25. (AP) The Public Works Administration today allotted $1,055,237 for 23 non-Federal projects, which offi cials said would provide 7,040 mon months of work. Ten allotments represented out right grants of 30 per cent of the costs of labor and materials, with the remainder being a loan to be repaid, with interest at four per cent- Thirteen were outright grants representing the 30 percent with the balance to be supplied locally. WEATHER FOB NORTH CAROLINA. Fair, colder tonight; possibly frost in intvriofo Thursday fair, Q PAGES OTODAY FIVE CENTS COPY HIGHWAY PROJECT i HERE PASSED FOR | DING One of 30 Counties In Stat; Whose Construction Pro gram Is Given Full Endorsement MECKLENBURG GETS THE BIGGEST SLICE Aggregate Amount of Work Returned to State Highway Commission by Federal Authorities Will Be Nearly Two Million Dollars, Ra leigh Says Raleigh, Oct. 25.—(AP)—Federal approval of highway projects In SO qour.tk's was received by the State Highway and Public Works Commis sion today and some of the construc tion will probably be let to contracts on November 8. It is estimated the work will copt about $1,950,000, and the biggest job will be reconstruction of the Mecklen burg county end of the Charlotte- Monroe higway. Included in the list, of projects ap proved in Washington were those in the towns of Henderson and Thoms ville. U. S. Missionary Held by Bandits In China Freed Pciping, China, Oct. 25 ( AP)r-D ’ . Nkts Nielsen, an American at'irheT to the Danish Missionary See'-1;’ ’t Hsiuyen Mamohukuo, has b- -<' - * ed after six months in The 1- d •bandits said information .rcch'.r r, here today. The word, came to the Unite J i 3! r ? Uegatioin from the United States, - i •sutete-Gonerm at Mukden. The Afnerioan returned safely 1 •* Jiscuyen 100 miles south of (Mukde , from which place he was kidnaped- April and. where his wife 0: < J been patiently waiting during th : -long months of negotiations with b * captors. 6 Millions Bus. Wheat Are Bough, Bids Asked for 15,- 000,000 Pounds Can ned Beef To Be Given to the Needy W&shington, Oct. 25.—(AP) — T’J Federal surplus relief corporation up to today has purchased 6,800,500 bus hels of wheat, of which 700,500 bus hels was cash wheat. Announcement of the purchase or wheat by the Relief Administrate i was made after Harry L Hopkins, ad ministrator, had asked for bids on 15- 000,000 pounds of canned beef to b« distributed to the needy. The puichases of wheat, the admin istration said, included 5.000,000 bus hels of December futures, and 1,100,- 000 bushels of May futures. The relief administration and the farm credit organization, which is buying the- wheat, declined to an nounce how much wheat s to be pur chased. How Strong Is Labor? The Henderson Dally Dispatch today begins a -series of four artic 1-es prepared for Central Press (which -gives the full story of Dr igm n'zed flayer ip, the United State'. FI very phas-e of this importst-T --element in American life is cover • ed. FOTLOW THIS STORY!
Henderson Daily Dispatch (Henderson, N.C.)
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Oct. 25, 1933, edition 1
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