Newspapers / Henderson Daily Dispatch (Henderson, … / Dec. 30, 1938, edition 1 / Page 1
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| HENDERSON’S ! POPULATION 13,873 TWENTY-FIFTH YEAR GARNER WORKING FOR -fy f p ***** **** *********** abson Sees Coming Year Best Since 1929 20 Pet. Gain Above 1938 Is Forecast Jobs, Wages, Retail Sales, Stocks and Even Farm Prices Should Make Good- Sized Advances; No Disturbing Legislation Is Expected. BY ROGER YV. BABSON, Copyright 1938, Publishers Financial Bureau, Inc. Babson Park, Mass., Dec. 30.—Total bu- m by the end of 1939 will be as go 1 as—perhaps even better than— at any year-end since 1929. There mav be periods when business will mark time but the average volume for the year will be around 20 per cent above the 1938 level. Jobs, wages, retail sales stocks, and even farm prices g .'ild all chalk up good-sized gains. It is even possible that the sharp j.raks of early 1937 will be topped— bur this is a pretty long shot. Con suming all facts, I forecast that 1939 w 11 be a year of moderate prosperity. There are no ‘‘hedges” tacked on t< my forecast as there were in sev eral years past. In 1937, I feared that the sit-downers would upset the apple cait. A year ago, Washington’s inertia worried me. But today, I can see no reason why the tides of recoverv should not carry us vigorously for ward— peprhaps even to new highs si net' 19291 This will merely be a con tinuation of the uptrend which began in 1932. Frankly. I do not consider the 1937-1938 Recession as anything more thnn a temporary, but sharp, interruption of the upward swing. Horizon.” I emphasize this bit of “back his tory" because I believe it has an im portant hearing on confidence at the moment. Millions of people—as we get further and further away from 1929 look upon that year as setting a record which can never again be touched. As a result of the sharp ups and-downs of the past decade, they have come to believe that hard times at" now normal times in America. I disagree. I think that these people (Continued on Pagv Four.) Speakership Sought For Its Prestige Dnllj Dlapntch Bnrean. in the Sir Walter Hofei Raleigh, Dec. 30.—As Libby Ward, Victor Bryant and Bill Fenner enter the home stretch of the hottest speak ership race in several General As sembly sessions, the man in the street quite naturally wonders what all the shooting is about and why the air is being rent with fulminations, claims and protestations. To the initiated, however, there is no mystery whatever. They are com pletely aware that the post packs more prestige, power, perquisites and r»o -abilities of political preeminence (Continued on Page Two.) Business Leaders Await 1939 With Some Optimism New York, Dec. 30. —(AP) —Ameri- ':m business leaders today expressed general, though comparatively re strained belief that the year 1939 'Will witness improved economic con ditions in the United States. Throughout most of their predic t ons, however, ran a note of uncer tainty as to the possible effects of trouble overseas. Major General James G. Hahbord, chairman of the board of Radio Cor poration of America, summed up the majority of opinion with the state ment: "If one fact has emerged from the welter of terror and brutality which has submerged vast portions of the world during the past year, it is that Americans are lucky to be Ameri roms. Conditions elsewhere are stead h • strengthening our appreciation of our own form of government, under which we may change anything that fJ majority of us do not like. We are slowly but very surely working out H, LESLIE PERRY MEMORIAL HENDERSON. N. & Uatht Hfsrratrh E D prlsS P BABSON’S FORECAST FOR 1939 BUSINESS: TREND: CONGRESS: BRICES: 'FARMS: LABOR: RETAIL TRADE: LIVING COSTS: BUILDING: REAL ESTATE: SECURITIES: FOREIGN: SUMMARY: State Elections Board Urges Absentee Repeal Practically Unani mous Approval of Board Given by Add ing Alternative of En tirely New Absentee Law if Repeal Is With held by Assembly Daily Dispatch Bureau. In the Sir Walter Hotel. BY HENRY AVERILL. Raleigh, Dec. 30.—The State Beard of Elections will late this afternoon release its recommendation to the governor and General Assembly that the North Carolina absentee ballot law be completely repealed. At least all signs point that way, although no official information about the report., or its contents, could be secured by your correspondent. The report will also include an al ternative to complete repeal and minor recommendations regarding election laws. Practically complete accord of the five members for this recom mendation was secured by adding an alternative recommending an entirely new absentee law to replace the exist ing one if the General Assembly does not concur with the elections board that total repeal Is advisable. Vote of the State board on com (Continued on Page Three.) Governor To Order Vote In Franklin Raleigh, Dec. 30.—(AP)—Govcinoi Hoey received a formal request today from Franklin county officials to call a special election to elect a represen tative to the 1939 House of Repre sentatives to succeed Representative elect C. T. Nicholson, who died sud denly yesterday. The governor said he would set the election for the earliest possible day after conferring late this afternoon with Attorney General Harry McMul len on the legal requirements. The legislature will convene Wednesday. In Gaston county, a special election will be held tomorrow to name a suc cessor to N. B. Kendrick, who died a month ago. our own salvation in a changing and turbulent world.” Optimism for the future was ex pressed by C. M. Chester, chairman of General Foods Corporation, who in many industries will be helped by the food industry in 1939 as it was in 1938. Probably we are on the 'verge of a period of gen eral economic improvement. This may be spasmodic and irregular, but the long range view seems hopeful. Lawrence Dennis, Wall Street eco nomist, said ‘‘■business should continue near present levels if Congress con tinues the pending-lending program. Dennis continued: “While present stock prices are high t enough for next year’s earning prospects, they mav go ten to twenty percent high er due to the sheer force of cheap and redundant money. On the other hand, stock prices may go lower un der the impact of some new foreign crisis. ONLY DAILY Twenty Per Cent Gain Over 1938 Gradual Upturn With Second Half Best Relief from New Anti-Business Legislation Moderate Increases From Current Lows I roduce Prices To Rise; Income Higher iMorc Jobs, Steady Wages, Increased Strikes Ten Per Cent Gain; Price-Tags Marked Up •Food, Clothing To Lead Five Per Cent Rise Major Prop To 1939 Gains In All Industries Ren l .s Steady; Values, Activity Higher Stocks and Medium-Grade Bonds To Advance No Mar For U. S., England, or France 1939 To Be Far Better Year Than 1938 Invisible Glass lifiljfr ' % fl mr The center portion of the glass cov ering this portrait of Dr. W. R. Whitney, General Electric vice pres ident, has been treated with a new chemical coating that makes the glass invisible, glareless and 99 per cent efficient in transmission of light. The varnish was'invented by Dr. Katherine B. Blodgett in the G. E. laboratories at Schenec tady, N. Y. Think Ward Leading For Speakership Raleigh, Dec. 20. —(AP) —Rolling down the home stretch, the three-cor nered fight for the speakership of the 1939 House of Representatives got more attention today than almost any thing else on Capitoi Hill The cau cus will be held Tuesday night. If reports here could be given much weight, D. L. Ward, of New Bern, was either in the lead or fast gaining ground in his race against Victor Bryant, of Durham, and William E. Fenner, of Rocky Mount. At least two veteran legislators who said they had not previously commit ted themselves let it be known they intended to back Ward or Fenner and they had been regarded by observers as probable Bryant supporters. Some observers flatly predicted Ward would win. Others continued to forecast Bryant would emerge on top. There were others who saiu Fenner was gaining ground and stood an ex cellent chance ,to win. Coast Line Man Found Dead Upon Rocky Mt. Yards Rocky Mount, Dec. 30. —(AP) —The body of M. K. Holden, 43, car oiler and packer on the Atlantic Coast Line railroad yards here, was found badly mangled on the main line track early today. While railroad officials gen erally presumed he was accidentally run over by a train, they were unable to account for details of the tragedy. The body was found by a fellow work er. Dr. J. G. Raby, Edgecombe county coroner, was enroute here from Tar boro to conduct an investigation. Holden, who lived near here, had been employed by the railroad for about 16 years. NEWSPAPER PUBLISHED IN THIS SECTION OF NORTHCAROLINA AND VIRGINIA. HENDERSON, N. C., FRIDAY AFTERNOON, DECEMBER 30 1938 French Refusal To Mediate Draws Fresh Italian Attack France’s Attitude To ward Italy’s “Natural Aspirations” Called Biggest Obstacle To Peace; France Seeks Military Rights I n Syria Rome, Dec. 30. —(AP) —France’s re fusal to have Prime Minister Cham berlain of Britain mediate the French- Italian territorial fight brought a new barrage of fascist attacks today. The attitude of France toward Italy’s “natural aspirations,” the newspaper II Messaggero said, was today’s “greatest obstacle” in the path of European pacification. The press indicated that Italy regarded Chamberlain’s January 11 visit as an opportune occasion for discussion of her territorial demands and might ibring the subject up regardless of the French attitude. Says France Fears Conference 11 Massaggero openly d.scussed the possibility of a conference similar to the Munich meeting, declaring that “evidently the spectre of a new four power conference —because Germany would take part in it—disturbs France’s repose.” The paper attributed France’s re luctance to have Chamberlain take up the matter to the French feeling that the “problem of relations be tween Italy and France no longer is a question of rights hut rather a less of prestige.” FRANCE SEEKS FURTHER CONCESSIONS BY SYRIA Paris, Dec. 30. —(AP)—Parliamen- tary deputies said today France would /ask military concessions from Syria in a new French-Syrian agreement because of uncertainty created by Italian colonial agitation. The new agreement would be a sub * istitute for the 1936 treaty granting Syria independence, and release from i the French mandate. Syria ratified (Continued on Page Three.) Official Vote In Tobacco Balloting Given By Wallace Washington, Dec. 30.—(AP)— Secretary Wallace announced to day the official vote by which growers of flue-cured tobacco re jected marketing quotas on next year’s crop in a referendum held December 10, The results gave 132,460 votes for quotas and 100,933 against. The crop control law un der which the referendum was held required that quotas, to be operative must be approved by two thirds of those voting. The proposed national market ing quota was 754,000,000 pounds. The vote by states included: North Carolina, 88,222 for and &>,- 853 against; percent for, 57.3. Government Destroyer Loses Fight Loyalist Warship Beached Trying To Run Insurgent Block ade Off Gibraltar Gibraltar, Dec. 30. —(AP) —A daring dash for freedom through blazing guns of Spanish insurgent warships and shore batteries ended in failure for a lone government destroyer to day, amid the crashing of shells in startled Gibraltar itself. The Jose Luis Diev, a virtual pri soner here since August, attempted to sneak through a gauntlet of lurk ing insurgent ships in the pitch dark ness of early morning. But destructive fire of her alert enemy forced her (Continued on Page Two.> Leather for NORTH CAROLINA. Generally fakr* (slightly colder tonight; Saturday increasing cloudiness, probably followed by sno* 1 ' by night. LOCAL WPA BOARDS Scene of War Scare \ PtirGOL =| ~* • A\ k! 7 30/n ORDERED rF= ll to proceed = % V TO jSJ/aoT/ ~ / s FRENCH L ADDIS 7\ S * il ABABA \SOMALILANDj T Jgi j|g' ETHIOPIA //m v — / -Ijp rf-= 'S. v y —y \ r KENYA | French troops have been reported on the inarch to reinforce the border army in Somaliland, as Italy masses its forces just across the line in its new Ethiopian colony. The French warship D'lberville is steaming through the Red Sea for the scene of the crisis, which arose from Italian claims to Djibouti, Gulf of Aden coaling station and terminus of the French-owned railroad to Addis Ababa, Ethiopian capital. (Central Prese) Warm Sun Thaws Icy State Roads . Raleigh, Dec. 30. —(AP) —Rising temperatures thawed ou!t frozen highways and bridges in central North Carolina today and a bright sun dried them off quickly. W. Vance Baise, chief highway engineer, said his reports indicated all highways had been cleared of slippery ice except in some moun tainous sections. Sleet and freezing rain coated hundreds of miles of roadway yesterday. Utilities companies here said damage from the ice glaze was minor. WPA Inquiry To Embarrass Mr. Hopkins By CHARLES P. STEWART Central Press Columnist Washington, Dec. 30.—Harry L. Hopkins is tackling plenty of diffi culties in his new post as secretary of commerce. To ibe- \ Harry Hopkins cabinet berth by no means was unanimously popular. Moreover, it has been common talk that he had to have a cabinet port folio in order to get him out of the WPA picture when Congress starts investigating charges of improper politics in said WPA during his rul ership of same. But supposing that (Continued on Page Five.) GERMANY OBSERVES PART OF NAVY PACT Berlin, Dec. 30. —(AP) — Germany notified Great Britain today of her intention to carry out certain rights granted her under the.naval pacts by which German sea power is limited in proportion to that of the British Em pire. Officials declined to disclose ex actly what action the Nazi regime proposed to take regardihg its navy but the matter was discussed today by high German officials and a Bri tish naval mission just arrived from London. gin with, his ap pointment had no more than been an nounced before it began to be hinted that he might find trouble in getting himself confirmed by the Senate. Re gardless of the mer its of these sugges tions, they just go to show that Pres ident Roosevelt’s se lection of him for a PUBLISHED EVERY AFTERNOON EXCEPT SUNDAY Moderation In Weather Over North More Intense Cold Is Forecast, However, for Northeast Section of Country (By The Associated Press) Freezing weather prevailed today Over most of the northern states, with the mercury near or below zero in many spots. v Weather observers promised a rise in ‘temperatures for much of the cold belt tomorrow, but said ther6 was no prospect of very mild weather. A severe cold wave chilled Illinois, Indiana and Michigan today. A mod erate cold wave rolled into Missouri and portions of New York. More in tense cold was forecast for the north eastern section of the nation tonight. At least 12 persons died of exposure during the week of frigid weather. There was two exposure deaths each 'Continued on Page Three.) U. S. Prepares For New Year Festive Night (By The Associated Press) New Year’s Eve all over the coun try will be the same old story—a cacophony of flatfoot flooging and Auld Dang Syne, a crazy mixture of revelry and reverie, with here and there a little departure from the fa miliar pattern. * So it appeared today in a survey of the nation’s festive plans. For an evening out in this yearly prelude to headache, the price will run from sls per person in the Rain bow Room in New York to two bits a head at the press club in Indianapolis the press club tariff embracing the cover charge, dancing and favors, the customers being obliged to pay extra for the drinks. From almost everywhere a little of the easy-come-easy-go attitude was reported, and so it appeared that fi nancially this would be the biggest thing of its kind since the old lush days of 1929. New York, as usual, will lead the thing off with a million people cele brating more or less in public and i several times that many at home. 8 PAGES TODAY FIVE CENTS COP Connections With WPA Objected To Vice - President Clash es With Barkley’s Pro posal; Ickes Advises President $1,547,769,- 686 PW A Projects Have Been Contracted for Already Washington, Dec. 30. —(AP)—Vice- President Garner was described au thoritatively today as taking an ac tive part in efforts to give local com munities more control over expendi ture of WPA funds. Garner is understood to have tol.l close associates that he believed the problem of keeping politics out of re icf could be met at least in part, by setting up non-partisan boards in each county. These boards would examine complaints of political use of relief noney or discrimination against re ief applicants. He has told his friends, it was learn ed, that thesa boards should be purely °cal agencies, appointed by local of 'icials, entirely free from WPA con trol. This view, differs sharply from that of Senator Barkley, Democrat. Kentucky, who said yesterday he be ieved that if such boards were set up hey should be appointed by the WPA. After hearing of Barkley’s state ment, Garner conferred with Senator Byrnes, Democrat, South Carolina, loor manager for WFA appropriation bills. Ickes Reports on Spending. Other developments: Secretary Ickes reported to Presi dent Roosevelt that the PWA had put a $1,547,769 686 program “completely under contract” in the last six months to the accompaniment of a “constant ly accelerated recovery in business and industry.” The report went to the White House amid speculation that Mr. Roosevelt might support a movement among congressmen to make the PWA a per manent agency. The deadline for this year’s program is tomorrow midnight, (Continued on Page Five' Lease Offers For A. & N. C. Considered Goldsboro, Dec. 30. —LAP)—Direc- tors of the State-controlled Atlantic and North Carolina railroad appoint ed committees today to consider pro posals submitted for leasing the line and to recommend an equitable dis tribution of funds received in a set tlement with the Norfolk Southern railroad, former operator of the A. & N. C. On the committee named to con sider leasing proposals were appoint ed H. P. Crowell, president of the road; Shelby Anderson, of Wilson, Raymond Maxwell, of New Bern; George B. Folk, of Raleigh, and M. B. Fowler, of Durham. This commit tee was called to meet this aft moon. Proposals were submitted by H. P. Edwards, of Sanford, and Junius Page of Aberdeen, and associates. The details were not disclosed to the full meeting of directors. The following were named to study distribution of the settlement assets among creditors: S. A. Hicks, of San ford; Dr. J. Y. Joyner, of LaGrange, and William Dunn, of New Bern. Germans Hint Breaking Os U. S. Relations Berlin, Dec. 30. —(AP)—Ger- many’s official news agency D. N. B. said today that hope for im proved relations between the United States and Germany “lacks every foundation,” so long as the Washington State Department de fends Secretary of the Interior ickes. A statement issued by the agency— and considered in some quarters as Chancellor Hitler’s word to Washing ton—asserted: “The minister of the interior of the United States Ickes delivered a speech before the Zionist society in Cleve land shortly before Christmas in which, in connection with thrusts at the third Reich, he attacked its lead ership in an unwarrantable manner. “The German charge d’affaires in (Continued on Page Three)
Henderson Daily Dispatch (Henderson, N.C.)
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Dec. 30, 1938, edition 1
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