Newspapers / Henderson Daily Dispatch (Henderson, … / Jan. 4, 1934, edition 1 / Page 1
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HENDERSON GATEWAY TO CENTRAL CAROLINA TWENTY-FIRST YEAR RECOVERY DEBT 9 BILLIONS Congress Is Staggered By Huge Government Spending RAINEYDECLARES On the Contrary, House Speaker Praises President Tor His FranKness In Economies SIGNAL OF DESPAIR, IS REPUBLICAN VIEW Senate Finance Committee Unanimously Approves Morgenthau as I reasury Head; Soldier Bonus Comes to Fore Again In Pe tition for Payment Now \V,i Ninyion. Jan. I. (API L'on grr . inuitfO today (hr recovery pleuram U piling up unprecedented orfieihi. «nd forthwith pul that pro ;i.i<l<• for future consideration 1 ' <l* >1 with matter* considered more immediate. In 1 blunt, message lliat told of the uovrrnment having to borrow ten bil lio’- dollars in the next six months, President Roosevelt estimated the pLiblic debt would reach a record high rs ii I most 32 billion dollars by mid llvC. Nine billions of this would be in -1 lined between now and then. "Startling,” was the way Speaker Rainey described it, while expressing no worry and praising the President fm frankness in cutting "ordinary” expenditures. "A signal for despair," was the ait It nde of Senator Dickinson, ol Town. Republican. Pending committee study of the massive figures, the Senate gave ai t'mllon to war debts and other af fai 1 asking the Treasury to report to it on obligations owed here by for eign nations. The finance committee unanimously approved the nomination of Henry Morgenthau, Jr., to .be secretary of the treasury. The House went to work on the bill to tax liquor at $2 a gallon. Some members, meanwhile, had their eyes on a petition by Lundcen, Farmer- I.thorite. of Minnesota, for cash pay ment of tlie veteran. Byrd Plane Flies Near South Pole Trip Extends 15 0 Miles South of Flag ship and No Land Is Sighted T here Aboard Admiral Byrd’s Flagship, in the Antarctic, Jan. 3 —(By way of Maekay Radio) —<(Delayed)—(AP) — B°ar Admiral Richard E. Byrd and lour companions made a three-hour flight today to approximately latitude 72.30 south, less than 18 degrees from the South Pole. The plane’s course was roughly along the 117th meridian and the flight extended 150 miles fcoiith of the flagship. On his return, Admiral Byrd re ported: "No land. The sea-borne ice (Continued on pßjje Four.i Federal Rail Ownership Favored By Labor Chief York, Jan. 4.—(AiP) —A. F. 'Vbituey, president of the Brother hood of Railroad Trainmen, said to ’lay lie would favor government ownership of railroads should there be ” continuance of existing conditions w liich in the past four years have thrown 1,000,000 railroad men out of work. •ins statement was Whitney’s first Public utterance in favor of such ac tion. He is chairman of the executive • ~ /' I ‘ • Htfititerantt Hatly tUsmttrb ONLY DAILY NEWSPAPER PUBLISHED IN THIS SECTION OF NORTH CAROLINA AND VIIWINIA. * FEDERAL BUDGET ESTIMATES Washington, Jan. 4 (AP) —Federal budget estimates at a glance: Receipts .$3,259,938,756 $3,974,665,479 Expenditures .. 10,569,006,967 5,960,798,700 Debt Increase .. 7,309,068,211 4,986,133,221 Public Debt 29,847,000000 31,&34,000,000 Overthrow Seems Imminen t Novo For Cu ban Governmen t UPON REMRYACT Offers Bill To Repeal Anti- Trust Exemptions for Big Business ASK WAR DEBTS DATA Senate Resolution Demands of Trea sury Full Statement on Amounts Owed by Every Foreign Nation to the U. S. Washington, Jan. 1 (AP)-Repeal of the anti-trust provision of the na tional recovery act was proposed to day in a bill by Senator Borah, Re publican, Idaho, which was expected to provide the. focus for opposition to the NRA. Borah introduced a. bill specifically to repeal those words of the recovery act exempting industries under codes from the anti-trust laws. He has directed much criticism late ly at. what, he called tendencies un der the recovery program to give big businesses an advantage over small industries and small business men. SENATE ASKS STATEMENT ON WAR DEBTS OWED HERE Washington, Jail. 4 (AP) —The Sen ate today called on the Treasury to furnish a statement showing the war debts due ffrom foreign nations to the United States. It was the first of the unexpected congressional reactions to war debt defaults. The Senate adopted the re solution unanimously without debate. In his message yesterday, President Roosevelt promised an early report to Congress on the war debt situation. Death Penalty of Kidnapers Sought In Missouri Bill Washington, Jan. 4.— (AP) —A bill to provide the death penalty for kidnapers was introduced to day by Senator Patterson, Re publican, Missouri, author of the measure known as the “Lind bergh law.” At present, life imprisonment is the maximum penalty for kidnap ers in removing a victim from one state to another. Patterson said he had parti cularly in mind kidnapings In Kansas City, where victims were hidden awa(y In Kansas or re moved from St. Louis* to- Il linois. committee of 21 railroad brotherhoods and his statement drew added sig nificance from the fact that the exist ing agreement between railroads and organized labor is .nearing expira tion. Tills agreement, which ceases to be operative next June, resulted in a ten percent wage cut a year ago. Whitney voiced definite opposition to any plan of consolidating the rail roads. He said he felt keenly the exclusion of the railroads from the NRA. SERVICE OF HIE ASSOCIATED PRESS. HENDERSON, N. C. THURSDAY AFTERNOON, JANUARY. 4, 1934 Conspiracy Against Grau Government Has Gone Too Far To Be Halt ed, It Is Feared CABINET 'OFFICIAL VERY PESSIMISTIC Says Center of Plot Is at Miami, and Even Recogni tion of Grau by United States Could Not Now Ward off Trouble; Gov ernment Is Preparing - Havana, Jan. 4 (AP)- Cuba, was praperadc for trouble today as a cab inet member asserted that, an entire government conspiracy had gone too far tc be halted. While disclosing that copies of a political conciliation plan drawn by the Uruguayan minister, Benjamin Fernandez; de Medina, had been hand ed all members of the cabinet, Dr. Antonio Guiter&s, secretary of the in terior, added pessimistically: "Even if the plan is accepted, it will not halt the anti-government conspiracy.” He said plans of revolutionary ele ments, centered at Miami, Fla., were (Continued On Page Four.) Hancock Seeking Faster Loans for Owners of Homes Washington. Jan. 4.—(AP)—Re presentative Hancock, Democrat, North Carolina, commenting to day on what, lie said was the "small amount” of cash loans be ing made by the Home Owners’ Loan Corporation, said he hoped steps would be taken to “fa cilitate” tlie work of the organi zation. The congressman, a member of the banking and currency com mittee. .had before him figures for December 29, showing the corpor ation had made $102,000(000 in bond loans and only $378,000 in 40 percent cash loans. An addi tional $470,000 in 50 percent cash loans for taxes and smprove lnents had been made. Truce Near Its End In S. America Determined Efforts Made To Avert New Clasli by Paraguay and Bolivia (Beunos Aires, Argentine, Jan. 4 (AP) —The forces of waj watched the hour glass today in the jungle fight ing area of the Chaco Boreal and waited for the new zero hour ending the Bolivian-Paraguayan truce—(mid night Saturday. Forces of peace represented by the (League of Nations’ Chaco commis sion were in Asuncion driving for Paraguayan consent to a plan enab (ConUxueu uu Page hour) Roosevelt Brings His Message To Congress 9 Mr * jK|j|, *. IRlfill Vttiumji t im'LhiVaj&ccEv.w- ■ H * \ ■ ■mm b mm k iJm ML I a Bk ' 1 mmm <** M m ji ■ v jai imh ■ai „ . , . ’ lx . . International Illustrated News. President Roosevelt is shown here addressing the opening session of the regular 73rd Congress in deliv cr.ng in Person his annual message, a custom revived a score of years ag o by the late President Coolidge Be hind the Present are Vice-President John N. Garner (left), and Speaker of the House Henry T Rainey presiding joint!#;' * * :ss NAMED VERY SOON Shuping, Waynick and Col onel Harrelson Speculat ed on as Possible Selection JOB TO PAY UPWARD OF $5,000 PER YEAR Will Take Man With “Guts, Brains, Tact and Fearless ness,” anid Raleigh Feels Waynick Has That; Shup ing Is Senator Bailey’s Righthand Man Dally Disnatr!i llnrena, In the Sir Walter Hotel. BY J. e. BASKERVILL. Raleigh, Jan. 4.—Within the next few days, certainly within a week, President Franklin D. Roosevelt, is expected to appoint some North Car olinian as director of recovery in North Carolina, at a salary of from $5,000 to S.OOO a year, it was learned from official sources here today. Members of the State Recovery Board have already received a letter from President Roosevelt that this board would be abolished and that in its place a director of recovery would me appointed and an advisory board, (Continued on Page Four.) Dpughton Seeking Quick Passage of Liquor Tax Bill Washington, Jan. 4.—(AP) — Consideration of the liquor tax measure, estimated to bring $470.- 000000 into the Treasury annually was begun today in the House with the view of reaching a vote tomorrow. The House agreed to limit de bate to five hours. Chairman Doughton, North Car olina, of the House Ways and Means Committee, opened debate with the statement that every day action was delayed on the bill the government lost $750,000 in re venue. WEATHER FOR NORTH CAROLINA. Rain and warmer tonight and Friday. Condition Os Railroads Is Much Improved Over That At First Os 1933 Kerr Will Direct Louisiana Contest Washington, Jan. 4—(AP)—Re presentative Kerr, Democrat North Carolina, chairman of the House Elections Committee, which will hold hearings on the contest of Mrs. Bolivar E. Kemp and J. Y. Sanders, Jr., over seating from the Sixth Louisiana district, said today lie had telegraphed the secretary of state for a copy of the Louisiana election laws. The committee) will organize next week, and prepare for the hearings to begin. AIIARIOPttK Almost as Many and as Many Prisoners Now as At /Highest Mark Dully Dlsimteh Bureau. In the Sir Walter Hotel. BY J. €. BASKERVILL. Raleigh, Jan. 4. —While the State Highway and Pulic Works Commis sion is compelled by the 1933 law con solidating the State Prison and High way Commission to use as many pri soners as possible in the "construc tion, improvement and maintenance of highways and roads,’’ thus includ ing the construction and maitnenance of bridges, it is stil using about as many paid employes as in the past, Chairman E. B. Jeffress said today. During November, the last month for which definite figures are available, the commission had 4,509 regular paid employes on its payroll, 1',028 temporary employes and worked 5,- 079 prisoners, making a total of 10,- 616 men all together. In July, 1932, before the consolida tion went into effect, the commission had 5,301 regular employes and 1,- 708 temporary employes on its pay roll and was working 4,309 prisoners making a total of 11,318 men empoly ed —only 702 more men than are be ing employed by the commission at the present time, Chairman Jeffress pointed out. The smallest number of (Continued on Page Four.) PUBLISHED EVERY AFTERNOON EXCEPT SUNDAY. Business Is Better, Expendi tures Less and Traffic Is Reported on the The Upgrade COMMISSION MAKES A RECOMMENDATION Would Tighten 1920 Trans portation Act To Prevent Special Favors on Foreign Shipments; Rate Level Found High, But No Changes Made Washington, Jan. 4.—(AJP) — ’The railroads were found by the Inter state Commerce Commission in its annual report today to be in a better condition than a year ago. In a document covering the year ending December 1, the Commission found the carriers’ business improv ing, with operating costs reduced and conditions in general on the upgrade. Only one recommendation for leg islation was made. All others will be left until such time as Joseph B. Eastman, Federal coordinator of trans portation, completes his study of the railroads. Then, the commission said, it will publish its comments. The lone recommendation was made that the 1920 transportation act be tightened to prevent special favors being granted shippers ’ * * send freight from one foreign *try to (Continued on Page Four.) Government Spending At Billion Dollars A Month Washington, Jan. 4.—(AP)—Govern ment spending at more than a billion dollars a month for the first half of 1934, and a new peak in the national debt was forecast today in the Trea sury’s annual report to Congress. The report was in the name of Wil liam H. Woodin as secretary, having been prepared before President Roose velt on New Year’s Day named Henry Morgenthau, Jr., to the cabinet post. It estimated emergency recovery cost alone would be $6,357,486,700 dur 6 PAGES TODAY FIVE CENTS COPY Roosevelt Submits Figures To Congress In Report, ing Progress Os Recovery Drive PUBLIC DEBT WILL HIT ALL-TIME HIGH Will Be Near 33 Billion Dol lars; Huge Repayments Looked for and Need Will Sharply Diminish In! Year or So, Is Belief; Federal Pay Boost Urged By FRANCIS M. STEPHENSON Washington, Jan. 4 (AP) — President Roosevelt frankly re ported to Congress today a pro spective nine billion dollar re covery campaign deficit for the next two years and asked that the lid be clamped, down to put the government on a pay-as rou-go basis by 193 G. In his message transmitting the budget, he estimated expenditures chargeable entirely to the recovery effort of almost $7,500,000,000 for this fiscal year ending June 30. He asked for a two billion dollar war chest to continue and taper off this drive in the following year. All of this, he said, involves gov ernment borrowing of ten billion dol lars during the next six months, but be expressed no doubt of meeting this problem. Debt Ail-Time High ■The nine billion deficit, which would swell the public debt to the all-time high of $31,834,000,000, does not take into account prospective new taxes from liquor revenue and plug ging of income tax loopholes. There was no recommendation for new taxes. The executive did recommend re storation of one-third of the 15 per (Continued on Page Four.) freeMlan BEFORE ROOSEVELT Wheeler and King Urge President To Back Their Monetary Proposal Washington, Jan. 4. —(AP) — The proposal for free coinage of sUvtr was laid before President Roosevelt today by Senators Wheeler, of Mon tana, and King, of Utah, who declar ed themselves “very satisfied” with the interview. Previously 18 western House nHMp bers unanimously adopted a resolu tion favoring bi-metalism and free coinage of both gold and silver, and agreed to the appointment of a spe cial committee to attempt to reach an agreement with other groups on silver legislation. The senators declined to predict presidential approval of their ptyn, but did indicate they expected fur ther moves on silver by the President. President Roosevelt already has pro vided for coinage of all newly-mined silver on a 50-50 basis for American producers. ing the fiscal year that ends Juno 30, and general expenses $3,533,691,- 767, for a total Federal outlay-of SB,- 891,178,467 and an operating deficit 6i of $6,631,239,711. The Treasury figures, prepared be fore final completion of the hudgM, did not include extra budget requests of President Roosevelt for $1,166,008,*? 000 in the current year, and $2,000,- 000,000 for 1925. These amount# (Continued on Page Four.>
Henderson Daily Dispatch (Henderson, N.C.)
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Jan. 4, 1934, edition 1
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