31 Dec 1930
Page 1
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Newspaper
Grafton Sentinel
Location
Grafton, West Virginia, United States of America
Date
Dec 31, 1930
Page
1
Bankers of Taylor county report a sunny view as 1930 nears. Directors at Grafton banks hold year end meetings and inspections then dine. Despite some gloom, leaders foresee better business next year and a potential stronger 1930 report, with First National declaring its usual five cent dividend.
W B Storey president of the Atchison Topeka and Santa Fe Railway System notes drought and prices shaped 1931 prospects. Wheat and fruits show returns, but crops and industry face slow recovery. Santa Fe plans 50 miles of new lines across Texas Oklahoma Colorado and New Mexico with about 5 million dollars of work, plus orders for over 6 million dollars in new equipment.
A reflection on how major 1930s events like Bobby Jones turning to films, the Lindbergh birth, Pluto's discovery, and future aviation fame become enduring historical records. The piece links sports, aviation, astronomy, and lasting legacy through newspaper archives and imagined future recall.
Grafton will usher in 1931 with church services and social events, including dances and bell ringing. New year license plates go into effect and banks close for the holiday. Police will check motorists for tag compliance as cars enter cold storage until new plates arrive. Local churches held New Year sermons, and the Woman's Club hosts a dance at the Elks Home.
Pittsburgh officials announced they would discontinue publishing figures used by pool operators to base a clearing house lottery. The New York clearing house and exchanges had already halted similar disclosures, ending a practice tied to wagers on Pittsburgh figures.
Charleston West Virginia December 31 The State Superintendent W C Cook urged Governor Confey to use his utmost influence to create a sound education finance system matching the state’s education importance. He detailed a relief and equalization program in his biennial report to the governor.
Richmond reporting district saw higher business failures in November 1930 than 1929 but a clear drop in Liabilities from those failures. From 98 failures in November 1929, liabilities reached 1 907 499 dollars, while 21 failures in November this year totaled 1 718 380 dollars, a 6.2 percent decrease. The report cites drought and low farm prices as dampening factors on indebtedness, hitting supply merchants, agricultural banks, and wholesalers.
Paris December 31 Marshal Joffre shows signs of life amid a fatal heart attack threat. Doctors report blood pressure fluctuating and say he remains in a critical state. Visitors limited to Louis Barthou while messages of concern arrive from abroad. He briefly woke for water but remains largely unconscious with little hope of recovery.
Clearing House statement shows exchanges 1.386 billion dollars and balances at 143 million dollars for the period ending December 31. The data reflects the size of interbank transfers and reserve positions across member banks.
The Kiwanis Club closed the year with a holiday song feast presided by Attorney Holt as song leader. Irene Boone entertained as guest artist. John Evans received a gold token for service. Dr. Kendall named program chairman for the next year. Officers for 1931 include President Dr James J Kaufman and Vice President James Holt. The club plans a different program for next Tuesday and Ladies Night on January 13 with Norman Kendall, James Holt, and William Stuck on the committee.
By SMITH REAVIS Associated Press staff writer the year 1931 opens amid grave global economic and political problems. from britain india and europe to south america nations confront unrest and the threat of new deals or treaties while arms reduction shows cautious progress at geneva and london conferences.
Washington December 31 Chairman Willard of the Senate Interstate Commerce Committee characterized Hoover administration plans for a railroad consolidation as unethical. He said the proposal, centered on four lines the Pennsylvania Baltimore and Ohio New York Central and Nickel Plate, is workable unlike the commission plan with a fifth system. The dispute over Lake Erie trackage rights was noted as minor and not crucial to the public.
The much revised West Virginia state code becomes effective tomorrow after ten years of revision begun by the 1921 legislature. The $400000 project faced heated controversy over sections of the document, with attention expected at the 1931 session. The code’s adoption followed debates over authority and extensive studies by a series of commissions and bar association committees, and its final draft was completed after years of work and revisions.
The Tyler Pirates defeated the local YMCA quintet 42 to 28 after a delayed start caused by bad road conditions between here and Middlebourne. The crowd saw a strong visiting team with national tournament center stars, and a return match is planned soon. No lineup or full summary available.
Charleston date line reports Nitro town built for World War I will be sold at auction after federal court directed government to prepare an order confirming special master's report in the mortgage foreclosure against Charleston Industrial Corp. A commissioner will conduct the sale once decree is signed, with Nitro near Charleston having cost about 70 million to build and used as a munitions center.
Chicago and Minneapolis markets faced turmoil as the National Grain Stabilization Corporation bought large wheat quantities to curb declines. Wheat futures swung from a high near 1.14 to lows around 0.69 per bushel. Chicago Board of Trade president John A. Bunnell forecasts gradual recovery amid agriculture’s complex outlook.
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