Swann Remarks Stir Southern Industry Rally
Theodore Swann, chemical manufacturer, warns secession could be the answer to defend southern industrialists wage gaps. His statement drew applause from about 300 industry representatives in Birmingham.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 18, 1934
Page
1
Theodore Swann, chemical manufacturer, warns secession could be the answer to defend southern industrialists wage gaps. His statement drew applause from about 300 industry representatives in Birmingham.
President Roosevelt rejected the McLeod bill to pay depositors in closed banks and pressed for a labor mediation measure, signaling a push for congressional action on tax revision and war debts while seeking a liberal loan policy for bank asset rebuilds. In Alabama, National Guard mobilized after a fatal clash at a mine as union and non union miners faced tensions and violence.
Washington reports Roosevelt expected to back federal mortgage associations to aid home building. Senate approval of $2 billion home loan bond guarantee nears as Rep Smith outlines an employment drive for building materials. Governors meet with Agriculture Secretary Wallace seeking tax cuts and price protections for tobacco growers.
The Bank of Montgomery in Grant parish was robbed by an armed group early this morning and bank president L D Wardlaw said the gang's leader resembled John Dillinger and his photo was displayed in the bank. Loot amount not yet determined.
Ansonville mourns Gen William A Smith a Confederate veteran leader who died Monday night of a heart attack. Funeral at Ansonville Episcopal Church with burial in Westview Cemetery Adesboro. He served as commander of the North Carolina Department United Confederate Veterans and was active in veterans affairs. He attended Davidson College and was later in mercantile and textile business.
Four aviation companies Boeing Air Transport National Air Transport Pacific Air Transport and Varney Airlines moved in the District of Columbia Supreme Court to enjoin James A Farley from enforcing airmail contract cancellations and to seek damages though the exact amount is undetermined The court set 20 days for Farley to show cause why the injunction should not be granted Crowley argued the suit is against the United States government and thus requires government consent Attorney General Cummings would lead the defense The case follows earlier failed attempts by Transcontinental and Western Air to obtain similar relief in New York federal court
Carolina shows cloudy night with possible showers in the south Thursday and warmer conditions in the central area. Winds along the coast shift from gentle to northeast, with overcast skies and rain in the south portion tonight and Thursday. Official AP weather records note cotton regions lie elsewhere.
New York April 18. The Herald Tribune reports that the National Recovery Act under Hugh S Johnson is harshly criticized in a preliminary review board report led by Clarence Darrow. The finding calls out monopolistic trends harming small manufacturers and business men and suggests possible revisions to the codes.
Bulwinkle, chair of the Wirt investigating committee, is suspended from the Demagogues club a group of House Democrats known for politicking in the cloakroom. The club, long secret, targets members for “demagoguery” amid floor voting battles and a history of expulsions and rebukes.
A House committee voted to recommend the Fletcher Rayburn market control bill with a 45 percent cash margin requirement for stock purchases. President Roosevelt backs a strong measure while stock exchanges oppose it. Also noted are plans for federal mortgage associations to fund home building and modernization and a DARROW led NRA code review report due to the President.
Alfred W. Jones announced tentative lease of Sapeloe Island to Richard J. Reynolds Jr tobacco heir. Reynolds will use the former Coffin winter home and the yacht Zapala, with plans to spend summers aboard and travel along the northern and eastern United States.
The Bankhead bill moves to presidential signing after House approval of the conference report. It aims to raise and stabilize cotton prices by forcing producers to limit to 10 million bales for 1934-35, with a 50 percent ad valorem tax on over quota production and quotas based on five year average output. Senator Bankhead says farmers must bear responsibility, proposing leaving excess cotton unpicked to avoid tax.
Paris reports France will quit all disarmament negotiations with Britain unless offered a security alliance akin to the Entente Cordiale. Premier Doumergue and Foreign Minister Barthou drafted the note urging a decisive stance after Germany’s rearmament revelations surface. Barthou faced pressure over isolation fears and nearly resigned during a cabinet session.
Roanoke Va April 18 More than 19000000, up 31 percent from 1932 and 161 percent from 1931, was invested last year in new industries and additions to plants in the Norfolk and Western railway territory, announced here by T Gilbert Wood, industrial and agricultural agent.
Six policemen were beaten while dispersing a crowd estimated at 500 that gathered after the closing of the University of Islam, a Negro cult. Twenty people, including Inspector William Rick and five officers, received first aid with no serious injuries.
State Senator J Y Sanders led in the sixth district primary for the Louisiana seat to replace the late Bolivar Kemp. With 180 of 202 precincts reporting, Sanders held 14 276 votes to Wilson 12 516, short of a majority by 31 votes, triggering a potential run off unless a top foe gains a clear margin in remaining precincts. Other candidates Murphy J Sylvest John S Nelson MM Whitman trailed.
Santa Monica, April 1. WILL declares baseball signals a great year as Washington heads toward another pennant. He argues baseball is the national game and should be prioritized over substitutes like talk, polo, or leisure rides.
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