Newspapers / Henderson Daily Dispatch (Henderson, … / Dec. 31, 1937, edition 1 / Page 1
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HENDERSON GATEWAY TO CENTRAL CAROLINA TWENTY-FOURTH YEAR ATTACKS M BUSINESS AIMED AT MMORUT 1938 To Bring Resumption Os Upward Business Trends As Congress Offers Relief BABSON FORECASTS PRICE GAINS WITH FIRM WAGE LEVELS « First Quarter To Be About on Present Basis, With Momentum Gaining Steadily FEDERAL SPENDING TO BE CONTINUED Balanced .Budget Unlikely in Two Years; Farm Out look Fair and Prospect Is for Less Labor Disturbanc es; More Jobs By Fall; Realty Active BY ROGER W. BABSON, Copyright 1937, Publishers Financial Bureau, Ine. Babson Park, Mass., Dec. 31. — We are not entering a major de pression; 1938 will see a resump tion of the upward trend which be gan in 1933. The first quarter may be poor—much worse than the early months of 1937; but later in the year I look for a substantial revival. Do not confuse this cur rent sharp recession with a major depression! Payrolls, prices, stocks real estate, and jobs should all he on their way to new highs by the end of 1938. This December presents a treureit dous contrast with a year ago. Then, the old year was riding into the his tory books on a great wave of op timism and hope. “Good times” lay over th e horizon of 1937. The dark years of 1929-1935 were drowned out (Goatinued on Page Six.) STATEIENUE IS OP VERY SLIGHTLY $60,000 Gain First Six Months of Fiscal Year; Sales Tax Way Up Raleigh, Dec. 31. —(AP)—State re venue collections for North Carolina in the six months ending yesterday totalled $32,007,381.82, as compared with $31,940,982.46 in the same period a year ago, Revenue Commissioner A. J. Maxwell announced today. Sales tax receipts for November, payable during December, ran to sl -a gain over the $983,479.89 a year ago, though basic foods are now exempted, and were not then. December receipts ran 22.16 per cent, or $1,124,609.34 ahead of Decem ber, 1936. . For the six months each division Oj. the revenue showed an increase over last year, except inheritance and franchise tax receipts. Gasoline taxes totalled $12,215,937.22, compared with $11,397,938.82 in the corresponding six months a year ago. Dunlap Says Neal Charge Lacks Facts Intimations of Poli tics In Prison Doc tor Changes Are Declared False Raleigh, Del'll (AP)— Chairman Frank Dunlap said today to the bes of his information any “intimations or suggestions” that “personal or ponti cal motives” had led the State High way and Public Works Commission to changes in the medical set-up at Cen tral Prison are “simply false and with out foundations in fact.” Dr. Kemp Neal, Raleigh surgeon, and member of the medical firm of Neal Thompson & Neal, recently dis- V Continued <wi Page Five.). 4 H.LESUE PERRY MEMOSULUI^I Imtttersmt mspmtp LEASED WIRE SERVICE OF THE ASSOCIATED PRESS. Roger W. Babson’s Business Pattern for 1938 BUSINESS: TREND: CONGRESS: PRICES: FARMS: LABOR: STRIKES: RETAIL TRADE: LIVING COSTS: BUILDING: REAL ESTATE: STOCKS: BONDS: FOREIGN: SUMMARY: Sees Bright 1938 Jjjj & ■ I Roger W. Babson uXneutrality IS AGITATINGCAPIIAL Referendum on War Has Strong Advocates, But It Will Not Pass By CHARLES I’. STEWART Central Press Columnist Washington, Dec. 31. —When the World War broke out in 1914 I am convinced that not one American iu 1,000 believed that the United States would be involved in it. Sentiment was that it was a crazy struggle, which we had nothing to do with and had no more inclination to break into than any sane person would have to jimmy an entrance in to a lunatic asylum, as a volunteer patient. Presideift Woodrow Wilson's neutrality proclamation had "almost unanimous popular indorsement. A very few folk said we were making a mistake to be so pacifistic at the out set —that we would stand a better chance of keeping out of the em broglio by asserting ourselves sternly immediately. But they were mere voices crying in the wilderness. And then, after all, we got into the thing. This time, with about as nasty a situation simmering, our overwhelm ing inclination seems to be to- try to remain neutral by assuming a threa tening attitude. Our few pacifists are accused of being dangerous, by being Continued on Page Five.) COTTON IS STEADY IN CLOSING PRICES Firm Cables Offset Hedge Selling and Liquidation; Closing Quota tions Given New York, Dec. 31—(AP)—Cotton futures opened four points lower to two higher under hedge selling and year end liquidation offset by steadier cables. March fluctuated between 8.24 and 8.26, with prices generally, after the first half hour, net unchanged to two lower. Futures closed one lower to three higher.. Spot steadier, middling 8.38. Open Close January 8.15 8.21 Marcß . 824 828 October December... 8 - 52 ONLY DAILY NEWSPAPER PUBLISHED IN THIS SECTION OF MURTH CAROLINA AND VIRGINIA. Big Gain Over Current Levels. Strong Uptrend; Average Below 1937. Will Give Business Needed Relief. 5% Gain Over Present Level At Wholesale. Income Down; Profits Slightly Lower. Few Wage Changes; Jobs in Fall. Big Drop In Strikes Feature of Year. Sales Below 1937; Price Tags Lower. Clothing, Food to Lead Minor Decline. Good Pickup To Begin By Midyear. Values, Activity to Improve; Rents Firm. Strong Rise As Business Picks Up. Substantial Advance in Medium Grades. Trade To Slow Down; No European War. 1938 To See Resumption Os Recovery BUSINESS TRENDS MIXED OVER SOUTH AS OLD YEAR ENDS t Merchants Say Holiday Pur chases Will Help Smooth Out Mid-Fall Lull for Them UNIT SALES BIGGER, CASH OUTLAY LESS Several Southeastern States Report Higher Tax Collec tions ; Christmas Mailings Heavier; Unemployment Drain To Be Heavy in North Carolina (By The Associated Press) Mixed trends marked reports of re tail trade, industry and agriculture in the South, today as 1937 books were closed. , Many retail merchants expressed belief holiday purchases would help overcome the effects of a mid-fall lull. Others said unit sales equalled or sur passed the 1936 Christmas volume, but the cash outlay was somewhat less be cause of a slight decrease in prices. Birmingham steel operations were about the national average and 1937 production about ten percent greater than in 1936. Several southeastern states reported higher tax collections. In most of them, farm income was generally larger than *in 1936, although produc ers in many cases spent more money than ordinarily to grow and harvest the bumper yields. Likewise, there were observations that general trade had slackened at times during the last half of the year, and industrial unemployment increas ed in some areas. Newspapers have recorded a pro (Continued on Page Five) Murder, Piracy On High Seas Related In Yacht’s Crimes Los Angeles, Cal., Dec. 31 (AiP)— Murder, piracy and retribution on the high seas—a stranger than fiction story written with the blood of twc men —was unfolded to government agents early today by six haggard sur vivors of a cruise on theschooner yacht Aafje. Dwight Faulding, 49, Santa Barbara hotel man, and the Aafje’s owner, is dead, his bullet-riddled body dumped overboard somewhere off the southern California coast. Jack Morgan, the man accused of his slaying by the Federal Bureau of Investigation, also is dead. Two youths told Chief FBI Agent John Hanson they threw Morgan into the sea after five terror-stricken days under his made rule. The ill-fated cruise was marked by death on the very afternoon the ill fated Aafje sailed out of San Pedro December 20 for Catalina Island, 20 miles away. WEATHER FOR NORTH CAROLINA. Increasing cloudiness and slight ly warmer tonight; Saturday cloudy, scattered showers In east portion. HENDERSON, N. C., FRIDAY AFTERNOON, DECEMBER 31, 1937 Sinking of U. S. Gunboat Panay by Japanese Airplanes . I: f --- ~or. -r- / '• ~ .■*** • ■ >.. .;■■■• -^Sv.-w ■:■■■■ : y ~ * : . • A’- ... .:i<- V‘ ’’V. ''•/.. J I : '"•••• : : ?’ Mr / '■i'': I • ' . ' |•’ ' ' s "*‘ * i ■■■■ ;:Y' - ' : .' • • ' " \ ' 1 K • ■ , . - »'• • ••••••• •• -V- Action photos of the sinking of the U. S. gunboat Panay in Yangtse river 25 miles above Nanking Photo by Eric Mayell, “News of the Day” and “Fox Movietone News” supplied by International News Photos and Central Press Association. Japanese Peace Offers Sent To China Through German Intermediaries Chinese Devastation Squads March Out of Tsingtao After Destroying Japanese Property There; Dozen New Fires Are Started by Departing Chinese Shanghai, Dec. 31.—(AP) —Reports that Japanese peace overtures were being conveyed to the Chinese gov ernment through German channels gained ground in foreign official cir cles today. The reports were Germany’s ambas sador to China, Oskar Trautmann, will present the proposals to the Chi nese government. Th e German ambas sador to Tokyo was said to have re ceived them from the Japanese gov ernment for dispatch to Trautmann. Meanwhile, Chinese devastation squads marched out of Tsingtao, leav ing undefended the once-rich North China seaport, marked for conquest by advancing Japanese armies. A corps of foreign vililantes, armed with clubs, tried to maintain order in the city, from which an exodus of TERUEL BATTLE IS GREATEST OE WAR 200,000 Troops Locked In Death Grip, With Tanks and Airplanes Madrid, Dec. 31.—(AP)—More than 200,000 insurgents and government troops and 200 airplanes today were thrown into th e greatest battle of the civil war, outside Teruel. The bitter ness of the fight developed from a powerful insurgent counter offensive to take that city. More tanks, airplanes, artillery and men than in any single previous battle were thrown together in the conflict, which began on Wednesday. Government lines on the right and center of the front were reported holding under terrific pressure. The government gave ground on the left, (Continued on Page Four.?. Americans and other foreigners was under way. When Chinese police started leav ing, however, looters ran into the Ja panese business section. They ran sacked what Japanese property had not been destroyed in nearly two weeks of systematic dynamiting. Chief aim of the foreign vigilantes was to prevent damage to foreign property. The departing Chinese units started a dozen new fires. A Japanese silk factory and a Japanese tobacco com pany building were among the struc tures in flames. Arrival of Japanese forces was expected momentarily. On the Chekiang province front, south of Shanghai, other armies at several places checked, temporarily at least, th e Japanese advance into the interior. ROMA BURRED IN ANTI-JEW DRIVE Troops Patrol Cities To Keep Order Under Drastic Government Edict Bucharest, Roumania, Dec. 31. (AP) —Roumanian blue shirt squad rons patrolled sections of three cities today to keep order under a drastic government program semi-official sources said would stop employment of many of Roumania’s 1,200,000 Jews. Many Jewish store-keepers and bus iness men were trying to find means of selling their enterprises and leav ing the country. Foreign diplomats were being asked by their home gov ernments as to how the expected Jew ish emigration would affect their countries. Equivalent of Nazi brown shirts (Continued on Page Six.) PUBLISHBiD SVHKY AFTXtJftNOOM EXCEPT SUNDAY. Old Mexico Faces Fight In Oil Wage Nation’s $400,000,000 Foreign-Controlled Industry Defies Government ■ ■ Mexico City, Dec. 31 (AP)—Mexico’s $400,000,000 foreign-controlled oil in dustry called for a showdown with the government today by refusing a wage arbitration award, which it declared “imposed terms impossible of fulfill ment?’ The 16 British and American com l panies notified their 18,000 employees wage increases decreed by govern ment arbitration boards to become ef fective tomorrow would not be paid. The next move was up to President Cardenas’ government. Some oil men predicted government intervention, possibly expropriation of their proper ties. Increases granted in the award, (Continued on Page Five.) GIRL BELIEVED PAL OF PAYNE ARRESTED Taken By Federal Agents in West Virginia and Will Be Return ed to Rock Hill Charlotte, Dec. 31. —(AP) —Federal agents said today a girl arrested in Hartland,’ W. Va., as the campaign of Robert S. Smith, slayer of a Lan cester policeman, would b e brought to Rock Hill, S. C., for trial in March. Edward Scheidt, agent in charge of the Charlotte office of the Federal Bureau of Investigation, said the girl, taken into custody yesterday, is Juda Ellison, alias Joan Murphy. She is charged with violation of the motor theft act. Arrested with her Scheidt said, was a girl booked as Nita Bloodworth. He said both the women were known as sociates of Bill Payne, notorious North Carolina desperado and members of his gang. Scheidt said the Ellison girl was the “red-haired” companion with Smith, an escaped convict the morn ing of July 4, when he shot down the police officer, Frank Sowell, near Lancaster, S. C. Smith tried recently and sentenced to life imprisonment. 1 Q PAGES | O TODAY FIVE CENTS COPY ROOSEVELT SEEKS TO CUSHION WORDS OF TWO OFFICIALS Democratic Chairman O’Connor, Os House Committee, Denounces Jackson Speeches SAYS THEY AREN’T ROOSEVELT’S VIEW * President Parries Specific ißffijuest at Press Coinfer ence for Comment on Jack son And Ickes; O’Connor Ignores Ickes as not Even Being a Democrat Washington, Dec. 31. —(AP) —Presi- dent Roosevelt indicated with a par able today anti-monopoly attacks on business by administration officials were directed at only a small mino ity in the 'business world. Th e President held a press confer ence a few minutes before a Demo cratic House leader, Chairman O’Con nor, Democrat, New York, of the rules committee, said, the words of one of hcse officials, Assistant Attorney General Robert Jackson, were “puerile and extravagant and do not reflect '.he views of the Democratic party in he nation nor in Congress.” O’Connor said in a statement no n e could make him believe Jackson ‘is reflecting the views of the Presi dent’’ in his attacks on business. He added he was passing by for the mo nent the speech in which Secretary Ickes charged sixty wealthy families with institutng a strike by capital in order to confine his remarks to Jack son, “because I understand he is a Democrat.” The President was asked at his press conference to comment speci ically on two speeches by Jackson and one by Ickes. The President re called a speech by Theodor e Roosevelt n»which he spoke of some individuals as malefactors of great wealth. Tlie President emphasized the word “in dividuals.” He then added a certain element of people charged his distant relative with calling all wealthy people male factors. He said,this was not the case. President Roosevelt said, tile Whole (Continued on Page Five.) Ford Cited In Order Os Labor Board Buffalo, N. Y„ Dec. 31 (AP)—JJenry Winters, regional director of the Na tional Labor Relations Board, an nounced today a complaint had been issued against Edsel Ford and the local Ford Motor Cbmpany charging three violations of the Wagner labor relations act. A hearing on the charges has been set for January 11 here, Winters said. The Ford company was given five days which to file an answer. Officials of the local Ford plant could not be reached for comment. FORD DETROIT OFFICES PROFESS THEIR IGNORANCE Detroit, Mich., Dec. 31 (AP) —In the absence of Louis Colombo, senior Continued on Page Five.) Defiance By Labor Hurled Upon France Government Accus ed of Leaning To ward Employers in Wage Disputes Paris, Dec. 31 (AP)—The central executive committee of all Paris labor unions today stiffly informed the peo ples front government that workers looked to it for “a more energetic at titude” against “provocation and mis conduct” by employers. “The government’s task, instead of directing its energy against workers, i 3 to ect against employers who vio late and make them renounce their provocation and misconduct,” the committee declared formally. The statement, adopted last night, also condemned tactics of Premier Continued on Page Five.)
Henderson Daily Dispatch (Henderson, N.C.)
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Dec. 31, 1937, edition 1
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