Newspapers / The Alleghany News and … / Jan. 23, 1936, edition 1 / Page 1
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BP-ZWOb;"v*> 1 TODAY'S THOUCHT He who brings another up into his laughing mood makes him glad that two people were born. The Alllghany Times DEVOTED TO THE CIVIC, ECONO AND SOCIAL DEVELOPMENT OF ALLEGHAN Y COUNTY Volume 11. Galax, Va. (Published f#- Sparta, N. C.) THURSDAY, JANUARY 23, 1936. 10 PAGES Number 36. JAPAN LEAVES PARLEY Denied an “upper common limit,” which means naval equal ity with the United States and Great Britain, Japanese delegates withdrew from the London naval conference last week. This action ended all hope of prolonging ex isting treaties relating to the size of major navies and fortifications in the Pacific. While responsibil ity for breaking up the parley rests upon Japan it may be said that her position has been clear for months. Whether any satisfac. tory limitations of naval arma ments can be effected, with Japan outside and insisting upon equal ity with this country, is to be doubted. BANKERS DISLIKE RFC Bankers are of the opinion that the government should get out of the lending business and dislike very much the tenor of Jesse Jones’ remarks that this will not happen until a “free flow of cred it” with reasonable interest rates to the “small fellow” as well ,as to the "big fellow” is provided by the banks. The chairman of the RFC backs up his ideas with action. HOW IT HELPS RAILROADS When the Great Northern Rail road sought $115,000,000 to re-fi nance obligations the banks asked 5 per cent, plus a $1,000,000 un derwriting charge and an addi tional 1 per cent- on such bonds as they might buy. Thereupon the RFC offered the money at 4 per cent. By contract, the Great Northern, which has never de faulted on an obligation in 67 years, has been paying 7 per cent, on the issue for fifteen years, al though the bankers got the bonds at a discount of more than eight per cent. The railroad will save } $3,000,000 a year, which will more than meet its social security tax. Mr. Jones points out that the present bank act allows national hanks to lend on improved real ^estate for as long as ten years jlnd on unimproved real estate for five years. It allows loans to in dustry up to ten years. The loans are available for redistount by the banks at the Federal Reserve and, inasmuch as 98 per cent, of all depositors are insured and bank,, runs are -unlikelyT- there T* no reason for banks to maintain extreme liquidity, or to fail to § meet'“the legitimate requirements of real estate, business and in dustry in proper proportion to their lending funds.” LOANED BILLIONS TO BANKS B Incidentally, the RFC has been n God-; end to the banks them selves. S lice beginning operations nearly four years ago it has loan ed to tanks and trust companies ?1,931,076,126, invested $1,294, 258,169 in the stock of 7,254 banks and loaned or authorized an addn.iur.al $1,170,031,738 to 2,665 closed banks in order to help Ihem pay off depositors. These items amount to $4,395, . - 305,0?2—all of it being govem ^ ment money advanced to help the bankers of the nation and thus es tablish a strong banking system. I Of this vast amount $297,303, L 971 was never used by the banks * and was therefore cancelled. $2, 726,226,020 has been repaid, $249,887,761 is now available when conditions are met and the balance, $1,669,139,012, repre sents the amount that the RFC now has invested in bank stock, £ loans and securities. NEW BUDGET MYSTERY Just how much money the Fed eral Government will spend dur ing the fiscal year beginning July 1st is a real mystery. The Presi dent’s budget message forecast a probable deficit of $1,096,000,000 (r bud did not include any item for work relief or for the payment of the soldiers’ bonus. The Presi dent expected to make a definite recommendation on work relief after watching developments. The payment of the soldiers' bonus at a cost estimated at be tween one and two billion dollars and the necessity of providing funds for farm relief will in crease the estimated deficit con siderably, although new taxes for payments to farmers are likely to meet these expenditures. The amount needed for work relief is an unknown factor but one notea that the Conference of Mayors has called updn Congress to appropriate $2,840,000,000 for work relief during the next fis cal year. Speaking through its executive committee, the Mayors warn the government that “at least” three million “cases,” in volving twelve million men, wo men and children will remain de pendent on Federal funds after next July and that an additional (continued on page ttn) Bonus Bill Gets Senate Approval By Vote Of 74-16 Upper Branch Sends Measure To Within A Step Of White House. Lower House Receptive VETO IS PREDICTED Democratic Leaders, However, Predict That Veto Will Be Overridden. Harrison Introduces Bill Washington, Jan. 21.—Galling for payment of full 1945 maturity value in $50 bonds, a soldiers’ bonus bill was passed last night by the Senate and shoved to with in a step of the White House. The bill, by a vote of 74 to 16, was passed and sent on to a receptive House, where immediate payment had already been ap proved by an even greater ma jority—356 to 59—but without specifying the method of payment. Some observers predicted a presi dential veto, but even Democratic leaders said it would be over ridden. The nearly five-to-one majority rolled up in the Senate for the Democratic-Republican two-billion dollar proposal was easily more than enough to pass it over a veto. Speaker Byrnes said the “baby bond” bill will be taken up in the House Wednesday, allowing members a day’s notice. Bonus leaders . predicted House accept ance of the Senate substitute by an overwhelming ballot. A double defeat in the Senate for payment of the World War adjusted service certificates in new currency ,was expected to in fluence House supporters of the! inflationary Patman bill, vetoed last session, to refrain from press ing this issue. Oidjrniire'Democrats and seven Republicans today voted against Senate passage. Fifty-six Demo crats, 15 Republicans, two farm e.r-Laborites and the lone Pro gressive, La Follette, replied in the affirmative. The approved measure, intro duced by Senator Harrison, (D., Miss.), on behalf of Senators Byrnes, (D., S. C:), Steiwer, (R., Ore.), and Clark, (D., Mo.), would authorise appropriation of $2,237,000,000 and also make Available $254,000,000 in the ad justed service certificate fund to defray the estimated ultimate cost of the bonus of $2,491,000,000. Beginning June 15 next, the $50 bonds and as much cash as would be needed to take care of odd amounts, would be made available to around 8,600,000 bonus holders at local postoffices. They could cash the bonds im mediately or hold them as an in vestment. If held, they would pay 3 per cent simple annual in terest for nine years. If redeem ed the first year no interest would be paid. Sponsors of the bill claim the demands on the treasury the first years would not exceed $1,250, 000,000 on the theory that thous ands of veterans—500,000 have not borrowed on their certificates —would hold their “baby” bonds as a nest egg. Opponents contended it would cost the government $1,000,000, 000 more than it promised to pay in 1925, and that the move may place the nation’s credit in a dangerous position. House Destroyed By Fire Early Sat. Near Sparta A house near Sparta, belong ing to Luther Richardson, and known «s the, Tyre Richardson home, burned early Saturday morning. The fire, which was of unknown origin, destroyed the entire con tents of the house, which was occupied by Eltie and Luther Richardson, and their sister and her husband. It is reported that there was some insurance carried on the building. 21 Men On Death Row In Raleigh Raleigh, Jen. 21—Twenty-one men, six short of the all-time record, are on death row at cen tral prison under sentence to die for capital crimes. , Auto Collision Occurs On Fri. Night In Sparta A severe smash-up occurred on the West side of Sparta near the shops, Friday night following a dance held in Sparta, when a car driven by Ernest Johnston. of Elk in and Mooresville, collided with a car driven by J. T. Inskeep, Jr. The car driven by Johnston was traveling toward Sparta and after striking the Inskeep car, rebound ed and detoured the latter, and went on and struck a car driven by Joe Paul Biryant, Indepen dence. almost demolishing both cars. No one was seriously injured. Johnston was held under bond to await investigation. Hoover Discusses Farm Problems In Lincoln, Nebraska Speech Thursday Night Is Heard By More Than 10,000 Persons. Is 4th Attack On New Deal Lincoln, Nebr., Jan. 21.—Be fore a crowd of more than 10,000 cheering Nebraskans, forme.? President Herbert Hoover Thurs day night presented his plan for farm relief. Seats for 10,000 persons were arranged in the University of Nebraska coliseum but before the arrival of the former president, every seat was filled and scores of persons were standing in aisles. “A new road must be built by which agriculture can get back onto solid ground' from the quick sand of the new deal,” the former president said. He charged President Roose velt’s farm relief measures were an application of-a ‘’system of scarcity,” hostile to the frde American spirit and urged farmers to defend “their heritage of in dividual liberty.” In the large audience was Ar thur M. Hyde, secretary of agri culture during the Hoover ad ministration. It was the first address of the Republican leader since the sup reme court invalidated the AAA and the fourth of his series of attacks on the netf deal. Cheers interrupted Mr. Hoover (continued on page 6) Veteran ML Airy Minister Dies In Hospital Monday Mount Airy, Jan. 21.—Rev. David Vance Price, nearly 80 years of age and very prominent in the Methodism of Northwest North Carolina, passed away in Martin Memorial hospital here Monday night after having been critically ill for a week. The Rev. Mr. Price, one of the most beloved characters of the Granite city, was a veteran Metho. ,,dist minister. He came here in 1907 as pastor of Central Metho dist church, which was his last active pastorate, following which he took the superannuate relation in the Western North Carolina conference, of which he was a member, due to ill health. Fol lowing his retirement, he con tinued to make his home in Mount Airy. The deceased ministerial veteran was a son of the late Dr. Richard N. Price, an outstanding minister in the Holston conference and author,of “Holston Methodism,” in five volumes, and a brother of the late Dr. William Humberson Price, also of Holston conference. Surviving are two daughters, Miss Katherine Price, Mount Airy, and Mrs. S. S. Lawrence, Tulsa, Okla.; one grandson, Dick Law rence, Tulsa, Okla., and one sis tetr, Miss Annie Laurie Price, Los Angeles, Calif. The Rev. Mr. Price was a ma ternal nephew of the late Gover nor Zeb Vance, of North Caro lina, His wife, Mrs. Lillie Shrock Price, died in November, 1936, after falling and breaking her *The body lay in state in Cen tral Methodist church from ten to two o’clock Wednesday, preceding King Geoige V, of England, Dies Late Monday Night At Sandringham; HI Four Days Prince Of Wales Becomes New (King In Official Ceremonies. Flies To London FUNERAL OF MONARCH TO BE HELD TUESDAY New Ruler Of British Empire To Be Known As King Edward VIII. Is Bachelor Sandringham, Eng., Jan. 21.— Peacefully and calmly, King George V., beloved monarch of the British empire, upon which "the sun never sets,” died last night just before midnight. Automatically, the Prince of Wales, the 41-year old son of the dead ruler, stepped into occup ancy of the throne. At the. end of life, the 70-year old George was unconscious. When he died at 11:55 p. m. (6:55 p. m. Eastern Standard Time), with him were Queen Mary, the Prince of Wales and other members of the royal family, as well as the arch bishop of Canterbury. Death came to the beloved king of the Britons as a result of a four-day illness, lie suffered an attack of bronchial catarrh which was accompanied by weak ness of the heajrt. Queen Mary, weeping with grief at the passing of the king, was led away by her eldest son —the new king—and the death chamber was darkened. With the ascendancy to the throne of the Prince of Wales, ,a bachelor will be king of Britain for the first time in 176 years. Only Friday afternoon, the pub lic learned that the monarch was confined to his room with a cokl. rhe first bulletin issued on the king’s condition that night dis closed he had suffered an attack at bronchial calfepph, accompanied by heart weaknefe-^After that the strength of the king slowly ebbed and his heart action slow ed down. With the knowledge Monday night that the end was near, members of the royal fam ily remained up throughout the long evening. Through an eventful period of world history, George had reign ed for 26 years, during which, time he won the love and respect of his 450,000,000 subjects. He ascended the throne May 6, 1910, at the age of 44, upon the death of his father, King Edward VII. The strain of the silver jubilee celebration of his kingship, which be had just passed through, and the death, early in December, 1936, of his sister, Princess Vic toria, hastened the king’s end. King George’s last wish was granted—he had always hoped that his last hours would be spent in quiet and peaceful Sandring ham house. Lights burning in the chamber where the body of the dead king lay were extinguished within an hour after the end but in other parts of the residence lights blaz ed out as the business of state and the formalities of accession were carried out. A great crisis in the king’s life was a serious illness which started in November, 1928, .when a chill, believed to have been caught on Armistice Sunday, when he stood bare-headed in the rain •during the ceremony at the Ceno taph, developed into fever and some congestion of one lung. In December of that year coun. sellors of state were .appointed to perform the functions of the king dom in the king’s stead; an oper ation was performed to drain the right side of the king’s chest. Back on his feet again, he suf fered two relapses, an abscess having formed under the site of the operation scar. A second Operation was subseq uently performed, in which por tions of two ribs were removed from the monarch’s side to drain the abscess. Although recovery was rapid, it was not until Janu ary, 1930, that he filled his first | public engagement by opening the | London naval conference. King George, whose full name was George Frederick Ernest Al bert, was bom June 3, 1864, in Marlborough house, London. He married Princess Victoria Mary, .who had been betrothed to his deceased elder brother, on July 6, 1893. They had six child, ren. King George died almost at the same hour of his father, King Edward VII. whose death in 1910 took place at a quarter hour be fore midnight. Sandringham, Eng., Jan. 21.— Through the rain and sleet, the widowed Queen Mary walked to night to the parish church to be with her dead husband. Carrying an umbrella to protect her against the elements and dressed in deep mourning, the queen mother followed behind the king’s coffin on its half-mile jour ney to the church. She then returned home by automobile only to go back later in the evening to the little church and kneel in prayer before the bier. Two women accompanied the widowed queen on her second journey over the way she had of ten traveled with the king to and from worship. When they arrived at the little church, the guards withdrew and Queen Mary advanced alone to the bier where she knelt for seven minutes in prayer. When the king’s body was taken (continued on page 6) Professor Dies Teaching Class At A. S. T. C. Boone, Jan. 21.—Death came suddenly yesterday morning about 9:40 o’clock to Andrew Martin Norton, 61, professor of English at Appalachian State Teachers college, while he was teaching his Death was attributed to a heart attack. He had been in ill health for the past three years. Professor Norton spent his en tire life in educational work and had been a member of the faculty at Appalachian State Teachers College since 1926. He was a graduate of Duke University and served four years as dean of Carolina College at Maxton. He was formerly president of Scar ritt-Morrisville College in Missouri and from 1920 to 1928 be was president of Weaver College. Surviving src the widow, who was Miss Jennie T- Thompson, prior to marriage; three sons, Charles Norton, of Old Fort; Er vin and Allan Norton, of Boone; two brothers, Charlie and P. U Norton, of Franklin, and one sis ter, Mw. J. M. Cabe, of Franklin. The body lay in state, at Appa lachian State Teachers college auditorium this '^.g in the services a at 2:80 S. Clay Williams Accidentally Kills Ex-Head Of Bankers Greensboro, Jan- 21.—William A. Law, 71, of Philadelphia, president of the Penn Mutual Life Insurance Company, died in a hos poital here early tonight of a wound he suffered when a shot gun in the hands of S. Clay Wil liams, R. J. Reynolds Tobacco Company executive, was accident ally discharged. Law, Williams and A. C. Brooks, Greensboro attorney, were bird hunting near Siler City when the accident -occurred about 3 o’clock th»s> afternoon. The in surance company head was struck in the leg just below the knee. He lost considerable blood before medical attention could be ob tained, and physicians attributed death mainly to this cause. Brooks said Williams’ foot be came entangled in a clump of honeysuckle, causing him to trip and accidentally discharge one shell in his gun. The load struck Law at a distance of 20 feet. After being given emergency attention at Siler City, Law was placgri in in ambulance and brought to Wesley-Long hospital here. He died within a few min utes after arriving. First Lethal Gas Execution In N. C. To Take Place Fri. Raleigh, Jan. 21.—North Caro lina’s new lethal gas chamber will take its first life Friday morning, barring some unforeseen eventual ity. Allen Foster, stocky Birmingham, Ala., Negro, is to be asphyxiated for criminally assaulting a Hoke county white woman. Commissioner of Paroles Edwin GiH interviewed Foster in his cell on death row at the central prison today. Afterwards, he reiterated his previous announcement that Governor Ehringhaus will not in tervene in Foster’s behalf. Teachers Of Co. To Hold Meeting Sat In Sparta i Miss Nancy O. Devers And Dr. J. H. Highsmith, Of State Dept. Of Public Instruction, To Be Here A meeting of the teachers of Alleghany county will be held in Sparta on Saturday, January 26, beginning at 10:00 A. M., ac cording to an announcement made this week by County Superin tendent of Schools W. C. Thomp son. Two visitors, highly prominent j in state educational circles, are i expected to be present and take j part in the program. These visit-! ors are Dr. J. Harry Highsmith! and Miss Nancy O. Devers, of; the State Department of Public Instruction. The program, as outlined by Superintendent Thompson, fol-1 lows: Topic: “The School and the; Health of the Pupil”; “Introduc tion of the Topic,” W. C. Thomp son; “What the School Can Oo,” George M- Vanhoy; “Guarding the Health of the Pupil,” Local i Physician; “A Healthy Communi-j ty, State and National,” Mrs. Ida j J. Wanren, and Supplementary Remarks, Miss , Devers and Dr. j Highsmith. All teachers in the county are specifically requested to attend this meeting, and all patrons and others interested are cordially in vited to be present. Delay Is Granted In Retrial Of Hairy F. Bausell Wytheville, Va., Jan. 21.—Con tinuation of the retrial of Henry P. Bausell, 59, Lebanon news paper publisher, who is charged with the murder of T. Eugene Cornett, Wythe county farmer, in January, 1984, was granted today by Judge Horace Sutherland, Ga lax, who opened the January term of Wythe county circuit court here today. The continuation was granted at the request of defense .attor neys, who are headed by Stuart B. Campbell, Wytheville, on ac count of defense witnesses being unable to appear at this term. The case will come up for trial at the April term of court, it is understood. Bausell was convicted in the circuit court here and given a term of twenty years. He ap pealed to the Court of' Appeals where the sentence was set aside and a new trial granted. Beraace Bausell, his son, has beep twice convicted for his part in the allged killing of Cornett, his father-in-law. The first verdict of 32 yean was set aside by the Court of Appeals and he was con victed at the October, 1935 term and given a term of twenty years. In the gun fight at the Cornett home Mrs. Virginia Cornett Bau sell, the estranged wife of Ber nace, was killed and both Bausells wounded. The difficulty is alleged to have arisen over the custody of Jean, the 4-yeaff-old daughter of the younger Bausells. Italian Troop* Sail For Africa Naples, Italy, Jan. 21.—The steamship Sardegna, carrying 2, 760 troops to Africa, sailed to night. The Arabia also departed Bruno Hauptmann Given Reprieve By Governor Hoffman 30-Day Stay Really Means At Least Eight More Weeks Of Life Fer Condemned Carpenter MUST BE RESENTENCED Chief Executive Of State Defends Act In Face Of Criticism Fer Extending Clemency Trenton, N. J., Jan. 21.— Governor Harold G. Hoffman tem porarily saved Bruno Richard Hauptmann from the electric chair late Thursday when he granted a 30-day reprieve for the condemned man, convicted of the Lindbergh baby kidnap-murder. “I am granting a reprieve,» the governor said, “for divers rea sons which I do not care to dis close at this time.” The reprieve, though only for 30 days, actually assures Haupt mann of at least eight more weeks of life and perhaps three months due to the fact it will be neces sary to re-sentence him. Governor Hoffman acted soon after the United States supreme court, in a ona-sentence decision by Chief Justice Hughes, denied Hauptmann’s appeal for a writ of habeas corpus and a stay of execution. There will be only the one re prieve, "unless the evidence should warrant” another, the governor said. If Hauptmann is to be final ly saved it must be through the presentation of sufficient new evi dence to warrant Justice Thomas W. Troiehard, who sat at Rem ington, granting a new plea for clemency to the state pardpns court. The governor announced his de cision in his office shortly after talking with Mrs. Anna Haupt mann who presumably had called several times as he outlined his program to restore the home mar (continued on page 6) Galax To Have Bif Birthday Ball For President Roosevelt One of the. outstanding social events of the season in Galax, Va.," and surrounding territory is the annual Birthday Ball far President Roosevelt, to be held there in Bluemont hotel, on Thurs day night, January 30. This ball, like hundreds of others throughout the nation, will be given for the benefit of the fight against infantile paralysis. Seventy percent, of the proceeds will be used in the community where the ball is held and the remaining thirty percent- will he used for equipment, valuable re search work, etc., at the Georgia Warm Springs foundation, where President Roosevelt lilmaelf was restored to health from the rav ages of the disease. An outstanding feature of the Galax ball will be a floor show, “The Pied Piper Of Hamehn," presented by a group of child ren, under the direction of Wil liam Kyle, Galax. Arrangements have been made to have in Galax for the occasion the famous Eriu Neeoe radio broadcasting orchestra for the dancing.
The Alleghany News and Star-Times (Sparta, N.C.)
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Jan. 23, 1936, edition 1
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