Newspapers / Henderson Daily Dispatch (Henderson, … / Jan. 8, 1934, edition 1 / Page 1
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HENDERSON GATEWAY TO CENTRAL CAROLINA TWENTY-FIRST YEAR 11. S. INCOME UP OVER 62 MILLIONS FOR FISCAL YEAR Government’s Purchase Os Gold Now In Excess Os 75 Million Dollars $20,887,000 Was Paid Out for Newly Mitred Domes, tic Metal, R. F. C. Statement Says NEARLY A BILLION PUT IN BANK STOCK Government Invests in 5,146 Banks and Lends $600,- 000,000 to Receivers of 1,- 523 Banks To Be Used In Liquidating Deposits In' Those Banks Washington, Jan. B.—-(AP)—Govern ment sold purchases to date exceed 57' 000.000. of which $150,887,000 was for newly-mined domestic metal. Jiije H. Jones, R. F. C. chairman, gave these figures to newsmen short ly after the price of -34.06 an once had been posted for the 15th succes sive time. Jones corrected the figure of more than $21,000,000, which he gave out last week as the total outlay for domestic gold, explaining it was ei roneous. Without giving a definit. figure foi foreign gold purchases, Jones said the total of an gold acquired under President Roosevelt’s gold buying program was well under $100,000,0000 but well over $75,000,000. Jones said the R. F. C. has author ized purchase of preferred stock and capital notes in 5,116 banks at a cosi of $876,000,000. He added that 1,523 loans had been made to receivers of closed banks for a total of $600,000,- W 9 to be used in liquidating deposits. 71 Are Killed as Crowd Stampedes At Rail Station Tokyo Japan, Jan. B.—(AP) Deaths of 71 persons and injuries to 56 in a panic-stricken crowd were reported today by the Rengo News Agency correspondent at Kyota. The crowd was In the Kyota railroad station to bid farewell to a group of recruits for the Im perial Japanese Navy. The cause of the sudden panic and stampede, in which the vic tims were trampled underfoot, was not immediately explained. FRANCE INCREASES IMPORTS FROM U. S. Paris, Jan. 8 (AP)—France agreed today to increase three fold the quotas on American pro ducts as announced for the first year. The United States Embassy an nounced the conclusion of this arrangement whereby the United States will he exempted from the French policy to reserve three quarters of its import quotas for bargaining purposes. Outlook Os Business In 1934 Better Lear of Inflation Chief Obstacle To Confidence, L>abor Statement Says Washington, Jan. 8. —(AP)—Busi- ness year prospects for 1934 were pic tured today by the American Federa tion of T.jabor as "brighter,” but “overshadowed by a danger which way destroy all progress made —in- flation by fiat money.” “Fear of inflation is the chief ob sta'Me to restoration of confidence at present.,” the Federation said in an nual review. The labor organization estimated 6.400,000 persons had been put to work largely as a result of government measures, but added that in Novem ber 10,702,000 workers remained un employed, and that Civil Works Ad ministration funds giving temporary work to 4,000,000 persons would be exhausted by February 16. HrnJhu’smt LEASED WIRE SERVICE OF THE ASSOCIATED PRESS. May Expel Pacifists George W. Rightmire Because they refused to accede to an order that they register for military training at Ohio State university, Columbus, President George W. Rightmire, above, has indicated that a number of stu dents may be expelled from the university. The students, asked to be exempted from drill on the grounds that they are consci entious objectors to war. The incident has been causing consid erable discussion both on the campus and in Columbus. ONI GOVERNOR Tremendous Efforts Made To Influence Naming Utilities Aides OPPOSITION TO HILL Determined Campaign Under Way To Forestall Possible Naming of Author of Bill Creating Commission Dully Ois|i:i(rh lliirf»io. In the Sir Walter Hotel, 111 .1. C. BASKEIIVILI, Raleigh, Jan. 8. —While everything seems calm and placid on the surface, an intense struggle is going on be neath the surface over the prospective appointment of the two associate utilities commissioners, it was learned here today. The various public utility companies are reported as doing everything in their power to block the appointment of some of thoe known to be under consideration by Gover nor J. C. B. Ehringhaus, as well as urging the appointment of some oth ers. Duripg the past week there has been a steady stream of callers in the governor’s* office to urge the appoint ment of this or that man or to ob ject to the appointment of others. It is also known that the governor ha 3 received scores of letters and tele grams with regard to these appoint ments. Governor Ehringhaus continues to give no indication as to who he ex pects to appoint a3 associate commis sioner .although he admits that these appointments have been and still ate giving him more trouble than any he has been called upon to make so far. For while the salaries are 3mall—only S9OO a year—the positions are very powerful, since the two associate jCommissioners, with the utilities com missioner, will have full power and authority to fix rates, determine valuations and regulate generally all’ public utilities in North Carolina. In addition the two associate commis sioners will have the power to over rule the utilities commissioner. This latter fact, it is believed, is the rea son why some of the utility com panies are so interested in these ap pointments. For if both the associate commissioners should happen to be classed as unfriendly to the utilities ,companies, it admittedly would be too bad for them. But if the futility companies can manage to get (Continued on Page Four.) ONLY DAILY NEWSPAPER 1 s°Ste REPORTS ON SALES Merchandise Accounts Must Be Shown Separately In Statements Cover, ing 1933 WINBORNE ISSUES ORDER FOR CHANGE Compels Utilities To Do Just What Merchants Long Have Wanted Them To Do; Separate Blanks Being Furnished in Which To Show These Sales Dully Disipnlrh ntiremi. In Hie Sir Wnlter Hotel. BY .1. V. HASKEItVILL Raleigh, Jan. B.—For many years the merchants of the State—especial ly tiiose merchants selling gas and electric appliances—'have been object ing to the sale of merchandise by gas an delectric utility companies, main taining that many of these actually lost money or made no profit on the sale of these appliances. They have repeatedly asked the State Corpora tion Commission to investigate the merchandising activities of these utilities with a view to prohibiting the practice. Today Utilities Commissioner Stan ley Winborne issued Order No. 3, in which he ordered these utility com panies. in making out their reports for 1933, and all future reports, to re port their merchandise revenue and expenses separately and indepently from their revenue and expenses from their electric and gas operations The order also instructs the utility companies to show this information as to their merchandising activities on a separate blank. “Because the blanks heretofore used by the utility companies in mak ing their reports to the Corporation Commission did not segregate theii revenue and expenses from the sale of merchandise from their revenue derived from the sale of gas or elec tricity, it has not been posssible to determine the facts with regard to their merchandising operations,” Com missioner Winborne said today. “It was thus impossible for the commis sion to determine in fact whe!?ler the claims made by the merchants of the State were wel founded. But by requiring separate reports and fig ures on the sale of merchandise by utilities, *we can arrive at the facts. Then when we have the facts, we can consider what action, if any, shall be taken. It would be manifestly un fair, of course, to take any action with regard to merchandising by | utility companies without first get ting all the facts.” The complete order issued by Com missioner Winiborne is as follows: "At present the blanks of this com mission for the use of utilities in making their annual reports provide that the net revenue derived from the sale of merchandise (appliances, etc.) be shown in connection with the re venue drived from the sale of electric energy or gas, according to the class of merchandise —electric or gas ap pliances. “In the opinion of the commission er this consolidation of accounts should be divorced and the mer chandise account reported separately and in full as to revenue and expenses It is, therefore. “ORDERED: That each utility un der the jurisdiction of this commis sion. in making its annual report for 1933. and in future reports, shall re port to this commission its merchan (Cnnt)nn«d on Page Three.) Leader For Big Swindle Shoots Self Chamonix, France. Jan. B.—(AP) Serge “Handsome Alex” Stavinsky, alleged $400,000,000 swindler, shot him self in the head today when police surrounded him in a hidden villa. He was at first thought to have died in stantly, but a hastily summoned phy sician found a sign of life. A battle immediately was begun to save Stavinsky from death in order to turn him over to trial. Application of restoratives brought an apparent consciousness to the man, who had been sought for two weeks, following the collapse of th*. Bayonne Pawn Shop, which he found ed. • Later, however, he lapsed into a coma and the doctor said he feared the wound was mortal. PUBLISHED IN THIS SECTION OF NORTH CAROLINA AND VlfiniNTA HENDERSON, N. C. MONDAY AFTERNOON, JANUARY 8, 1934 . ■■ w • ■ ■ » ■ m• » w f* i mpi * -V . fc)ENPERSON,M.(» S*atlit Stspatrh Untie Sam’s Financial Picture at a Glance HOW THE PUBLIC DEBT IS lO BE INCREASED - ff# trap- .JBaa lap • EnpeodituiJ lof| , focrip&Bo* IMNi. IVK % Cutrcnt mM N«. Year .-/lira* Ytan )»k 1.8J5 Year f 1 -- “ ■ ' •..mi ' Senate Continues To Prod Officials About Recovery Washington, Jan. 8. —(AF) — The 1 Senate proceeded to ask the admin istration more questions about its po licies today before undertaking con sideration of the huge batch of no minations already accumulated. The House, meanwhile, worked on miscel laneous secondary business. On motion of Vandenberg, Republican, Michigan, and without debate, the Senate sought a report from Secretary Wallace on operation of the processing taxes by which acreage reduction plans of the agn* cultural administration are being fl- Threats and Challenges Pro mise Plenty Action in Congress Soon Washington, Jan. 8. —(AP) —Bank- ing leaders in the capital were getting ready today for an extended congres sional controversy over banking laws, and threats and challenges promisee plenty of action. Several party chiefs feared there would be an open outDieaa as soon as sufficient support could be musterec by those who want to amend the 1933 banking act witn us ueposit insur ance provisions. On the other hand was the strong house group largely responsible for enactment of deposit insurance, de posit insurance, despite the lukewarm attitude of Senator Carter Glass. Democrat, Virginia; on the other was insistence by Glass upon permission of branch banking in states whicn specifically authorize it. Train Hits School Bus; Two Killed Over 40 Children In Truck, Which Seem ingly Stalled on Grade Crossing Bassfield, Miss., Jan. 8. —(AP) —Two children were fatally injured and a score of others were hurt, several seriously ,toda& when a Mississippi Central passenger train crashed into a school bus which apparently had stalled on the tracks near the Bass field station. There were 46 children in the bus, ranging in age from seven to 18 years, all residents of the Good Hope community, and all of them pupils of the Bassfield school, including the driver, Ernest Williamson, 18. The impact demolished the bus, which was carried 100 feet down the right of way before the train c.o'ula be stopped. Screams of the children, some of who were thrown from the vehicle by the force of the crash, brought quicß aid and the young victims were re moved from the wreckage and the more seriously injured sent to hos pitals, principally at Columbia, Misa. i nanced. Previously the Senate, at the be hest of Senator Borah, Republican. Idaho, directed the Treasury to in form it on the status of war debts. Confirmation of Henry Morgenthau, Jra., as secretary of the treasury, was expected later in the day. Without waiting for that, however, President Roosevelt forwarded a number of other names. The Senate also adopted the Carey resolution asking Wallace the reason for the “sharp decline” in hog prices between October 18 and November 3, Louisiana Row Up Before Committee Washington, Jan. 8. (AP) House Elections Committee No. 3 met today to determine the legal ity of two elections held in the sixth Louisiana Congressional dis trict and decide whether Mrs. Bolivar E. Kemp or J. V. Sanders, Jr., should be seated or the seat be declared vacant. In the event the committee should decide neither election was legal, it was expected to recom mend the holding of another elec tion. The committee decided to hear attorneys for Sanders first, and then the side of Mrs. Kemp. SSm New Elementary Commis sion Has Outlined Tenta tive Study Courses Daily Dispatch Bureau, In the S«« Walter Hotel. B1 J. C. BASKERVILL. Raleigh, Jan. 8. —The tentative course of study In history for the elementary schools of the State has been completed by the Elementary Textbook Commission, aiso plans for hearing representatives of publishers of the various books that have been presented for its consideration, it was learned today. The commission was in session here Friday and Saturday of last week and adopted rules to govern the hearings to be held here January 19 and 0, at which time tiu representatives of the various pub lishers will be allotted 30 minutes each to present the merits of their history books. No other meeting will be held until that time. Superintendent Clyde Erwin, of the Rutherford county schools, is chair man of the textbook commission, and Mrs. A. R. Wilson, principal of the Lakewood school in Durham, is its secretary. The commission is hoping that the tentative course of study which it has set up will save the State, or rather the children of the State, some money and at the same time increase interest in history in all the grades. The present history books have beer» in use for some eleven years and are considered badly out of date. The new course of study is designed to increase emphasis on North Carolina history, so that the school children may gain a deeper insight into the history of their own State and cor relate this history with their general history. It is contemplated to develop a better coordinated course of study that will extend from the elementary grades on into the high school grades without leaving the wide gap that heretofore has existed between ele (Continued on Page Three.) PUBLISHED EVERY AFTERNOON EXCEPT SUNDAY. the latter part of November and dur ing December. Representative Byrns, the Demo cratic leader, let it be known that he expects the President’s first major recommendations to deal with Federal guarantee of home loan and farm mortgage bonds. Pending such important business, there was a reckluster air in the House. The independent offices ap propriations bill is expected to be ready for consideration on the floor about Thursday. It will include ex tension of economy measures. \ - -- - I $30,000 Turned Over To County If Governor Par dons the Quartette Raleigh, Jan. B.—(AP) Parole | Commissioner Edwin M. Gill today | said that $30,000 in securities had been deposited with the board of county commissioners of Transylvania county by four men under prison sentences to be paid to the county if the men are paroled or pardoned, and returned to the men if they are not granted executive clemency’. The four, Thomas Shipman, former president of the defunct Brevard Banking Company; Joseph Pickel seimer, C. R. McNeely and Ralph Fisher, former county officials, wer& convicte din 1931 of using the county’s credit to bolster the tottering bank. Saturday Commissioner Gill an nounced that Governor Ehringhaus had declined to give pardon to the men, but last night he set a hearing for Thursday for the quartette. When the four were sentenced to two years each in prison, Judge N. A. Townsend and Solicitor Will Pless said in open court they would recom mend pardon for them if they made restitution to the county in the sum of $30,000. TKiENf McLean Assistant Solicitor General; District Nomi nations Made Washington, Jan. 8 (AP) —Presi- dent Roosevelt today nominated Walter M. W. Splawn, former presi dent of the University of Texas, to the Interstate Commerce Commission. The President also advanced Wil liam W. House, of South Dakota, to be first assistant postmaster general and named Harllee W. Branch to succeed him as second assistant post master general. Other nominations included: To be assistant solicitor general, Angus W. McLean, North Carolina. To be United States attorney: West ern district of North Carolina, Mar cus Irvin. To be United States marshal: East ern district of North Carolina, Ford S. Worthy; Western district of North Carolina, Charles R. Price. WEATHER FOB NORTH CAROLINA. Mostly cloudy tonight and Tues day; somewhat colder tonight and in east potion Tuesday. 6 PAGES TODAY E CENTS COPY NEW YORkTeAdInG State’s 2.57 Percent of Na* tion’s Population: Pay* 12.18 Percent of sl,- 619,839,224 Revenue MOST OF STATE TAX IS OFF CIGARETTES Income Taxes from North Carolina $12,760,720 of Total of $213,487,759 Paid Federal Government For 1933 Fiscal Year, Commis. sioner Announces Wfashington, Jan. B.—(AP) The nation’s income jumped upwards62,- 110,181 during the 1933 fiscal year— and once more it cost the govern ment less to collect it. Guy P. Helvering commissioner of internal revenue, also disclosed in his annual report to Secretary Mor genthau that, although 3.2 beer and wine were legal only for a small part of the 1933 fiscal year ,the former brought in $35,349,492, and the latter $80,948. With income taxes carrying the bulk of the load, Helvering estimat ed total revenue for the 1933 fiscal year at $1,619,839,224, as compared with $1,557,729,042 the year before. Further, it cost the government $1.85 to collect each SIOO of revenu* during the year. That was 32 cents less per SIOO than it cost t/.e previous year. All in all, it cost $30,031,722 to collect the revenues of the govern ment for ttjb year, as compared with $33,870,903 the previous year. Individual and corporation income taxes brought in a total of $746,791,- 404, Helvering reported, a decrease of $309,965,293, or 29 percent. However, there was a sharp increase in the mis cellaneous internal revenue, which in cludes tobacco manufactures, liquors, admissions, communications and checks. These totalled $873,047,820, an increase of $372,075,475. Tobacco taxes alone during the year, he pointed out, brought in $402,- 739,059, of which cigarettes contribut (Continued on Page Three.) G. O. P. Committee Has Huge Deficit Os Near $200,000 Washington, Jan. B.—(AP)—A de ficit on December 31 of $191,475.81 for the Republican National Committee was reported to South Tremble, clerk of the House, today by George F. Getz, treasurer of the committee. This compared with » eeficit of $186,464.19 on August 31, the begin ning of the period covered by the report. It was filed under require ments of the Federal corrupt prac tices act.* Contributions from September 1 to December 31, 1933, were reported as totalling $3,030, and expenditures $13,745. Payments made during that time on notes amounted to $5,700. New French Cabinet Is Now Likely Government Moves Swiftly To Protect Itself in $40,000,000 Bank Scandal Paris, Jan. B.—(AP)—Formation of a new French cabinet was consider ed a strong possibility today, with the government moving swiftly to protect itself against overthrew in the storiA growing out of the $40,000,000 Bayon ne bank scandal. It was said unofficially thfct Edouard Herriot, champion of Amer ican war debt payments, might too called as minister of foreign affairs. In any event, government leaders were said to have agreed that drop ping of Colonial Secretary Albert D*- limier was essential, both to give hilj* a free hand to defend himself against allegations growing out of the collapse of the Bayonne Municipal Pawn Shop and also to strengthen the govern ment’s defenses against opposition In parliament. The cabinet fathered today for a session at which a final decision was expected.
Henderson Daily Dispatch (Henderson, N.C.)
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Jan. 8, 1934, edition 1
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