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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 25, 1933
Page
2
W E Fouts, local contractor, was awarded the gymnasium contract for Fair Grove school near Thomasville. Funded by district credits in county hands, construction will begin immediately and meet site needs.
City professors propose eight points aimed at restoring the 1901 constitution and ending Machado control. They call to dissolve Congress, remove three post 1929 Supreme Court justices, dismiss provincial officials, schedule general elections for Feb 24 1934 with May 20 1934 inaugurations, appoint a consultation commission, and honor all international obligations since May 20 1929.
President Roosevelt discusses fiscal policy with Budget Director Douglas and Treasury Secretary Woodin amid rising calls from Congress to issue more currency. Industrial administrator Hugh Johnson hinted at plans to widen credit via open market purchases, though no link to the proposed measure was shown.
Farm administrators expressed delight at word from London that a final agreement had been reached at the international wheat conference. They said the plan would be acceptable and in harmony with their program to reduce American wheat acreage under the voluntary domestic allotment plan.
The Blue Eagle reemployment campaign presses ahead with a coal industry accord and new fair practice terms for retail. Hugh Johnson joins coal conferences after past splits, while the automo bile code remains in the background. The drive is spread nationwide with a pledge to mobilize 1,500,000 participants next week.
Johnson faces a storm over shop policies and a ban on aud statements. Talks fail to promise a quick fix for bituminous coal issues. Non union mine operators and United Mine Workers spokesmen convene to draft an agenda. Automobile spokesmen push to lift bans on labor union qualifications in hiring.
A revised trade committee version of fair practice for all retail trade except drug and food stores remains tentative. It offers slightly more hour and wage flexibility for smaller shops and communities while still banning sale of goods below fixed costs and prohibiting cut-rate advertising. Automobile industry spokesmen were to renew negotiations to preserve their code declaration in some form.
Philadelphia reports more than 30,000 workers in full fashioned hosiery and knit goods begin strike actions amid a general walkout called yesterday for 25,000 workers in 38 mills nationwide and 80 Philadelphia clothing factories. Labor organizer Samuel Bakely notes 1,500 workers join in sports wear division.
A Dodge coupe driven by Jack Kester and a Chrysler sedan driven by Fred N Tate collided at Blaine and Woodrow avenues around six Thursday evening. Kester’s car overturned. no injuries were reported though both cars were badly damaged.
State and national banks show falling resources from 1923 to 1932 with December 1932 totals near 279 million for state and national banks, and a drop in savings deposits from 30.8 million to about 22.2 million by mid 1933. Experts note reopening banks post holiday and overall banking health recovering despite the downturn.
Governor Lehman signed a bill imposing the death penalty for kidnappers if the victim is not returned before trial and prescribing life imprisonment in other cases. The action, announced in Albany, marks a hardline stance on kidnapping.
The report notes that there have been no bank failures in the state during the period following the holidays, indicating stable financial conditions and continued confidence in local institutions.
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