Biggs Seeks RFC Loan to Pay Depositors at Bank in Liquidation
John D. Biggs, receiver of the Commercial National Bank in liquidation, won authority to apply to the Reconstruction Finance Corp for a 1.5 million dollar loan. The plan would fund a 35 percent dividend to depositors, on top of a 15 percent already paid, with cooperation promised by RFC head Jesse Jones and Comptroller J. F. T. O’Connor. Completion of the detailed application is not expected before late this month.
MENTIONED IN THIS ARTICLE
Reconstruction Finance Corporation
Commercial National Bank
John D. Biggs
Washington
R. B. Terry
BE. W. Freeze
J. W. Bailey
W. B. Umstead
Terry
Jesse Jones
Biggs
Commercial Bank
Scottsboro Case Trials Postponed In Decatur
Trials of the remaining five defendants in the Scottsboro case were postponed indefinitely in Decatur Alabama at the request of defense counsel. Judge W W Callahan presided over the postponement in Jackson County with the incident dated March 25 1931.
MENTIONED IN THIS ARTICLE
Decatur
Ala
Scottsboro
Jackson County
W. W. Callahan
Lindberghs planned flight to South America
Bathurst Gambia Dec 5 AP Colonel and Mrs Charles A Lindbergh planned to take off at midnight on a projected 1900 mile flight to South America. Senator James Hamilton Lewis of Illinois missing after not riding noon train to Dallas event. conductor J A Hinton says Lewis not on train through Springfield Missouri. Lewis did not show for Springfield speaking engagement last night.
MENTIONED IN THIS ARTICLE
Bathurst
Gambia
Charles A. Lindbergh
South America
Dallas
Texas
James Hamilton Lewis
Ilinois
Chamber of Commerce
J. A. Hinton
Lewis
Springfield
Reemployment funds set for TVA projects in basin
Dr Arthur B K Morgan chairman of the Tennessee Valley Authority announced that the Civil Works Administration has set aside 83 348 402 for employment of 16 500 persons on authority projects in the Tennessee River basin.
MENTIONED IN THIS ARTICLE
Washington
Arthur BK. Morgan
Tennesee Valley Authority
Civil Works Administration
Tennessee River
Governor Moore Denies Veto On State Liquor Legislation
In Trenton New Jersey Gov. A Harry Moore arrived at the state house and denied reports that he vetoed the liquor control bill. Conflicting accounts surrounded his action as he prepared to address the legislature and the public.
MENTIONED IN THIS ARTICLE
Trenton
N. J
A. Harry Moore
State House
Philippine delegation heads to Washington for liberty
Special to the Enterprise Beverly Hills reports the Philippine delegation passing through on their way to Washington. The writer notes the leader Manuel Quezon is missed and predicts a welcome, as the group seeks liberty rather than money. The piece quips about sugar and a liquor diet as a playful aside.
MENTIONED IN THIS ARTICLE
Beverly Hills
Calif
Phillippine
Washington
Manual Quezon
Philippines
Court declines to block prohibition repeal proclamation
Justice Letts of the DC Supreme Court rejected a bid by Canon William Chase and George Duncan to halt the proclamation of the 18th Amendment repeal. The ruling states the amendment takes effect upon ratification by the 36th state, not upon issuance of a proclamation.
MENTIONED IN THIS ARTICLE
Washington
F. Dickinson Letts
District of Columbia Supreme Court
William Phillips
Utah
Canon William Chase
Brooklyn
New York
George S. Duncan
Two I W A Officials Hurt In Jamestown Wreck
J J Thomason secretary and treasurer of the Industrial Workers Association suffered a cut over his left eye and a sprained right knee while D W Bradley president had slight bruises when Thomasons LaSalle overturned after a tire blew near Jamestown just after 9 pm. The car was demolished witnesses said it was speeding. Thomason and Bradley had returned from Greensboro where they attended a conference. Deputy Sheriff FE M Brown investigated the crash and arrested Thomason on driving while intoxicated charges but he was released on bond. No charges were filed against Bradley.
MENTIONED IN THIS ARTICLE
J. J. Thomason
The
Industrial Workers Association
D. W. Bradley
FE. M. Brown
Mr. Thomason
Bradley
Man Kills Boss then Fatally Shoots Self in Edenton Mill
Edenton mill worker 57 year old T Holmes was shot and killed by J J Short a Black mill employee. Short then walked 300 yards and killed himself with a final gunshot. No motive for the murder suicide was found.
MENTIONED IN THIS ARTICLE
Edenton
T. Holmes
Brown
J. J. Short
Motvie
Manhattan Poised for Utah Prohibition Repeal Timing
New York reports Manhattan avoiding public celebration as Utah delays repeal ratification until 9 p m Mountain Time. Hotel managers lament the late cue to serving legally, while speakeasies anticipate continued bootleg cocktails and tighter liquor store hours.
Repeal Ends Federal Prohibition With 36th State Vote
Washington reports the end of federal prohibition as Utah becomes the 36th state to ratify repeal. Automatic effect kicks in as the Twenty First Amendment takes hold tonight, shifting liquor regulation to states and prompting new tax and control law debates.
MENTIONED IN THIS ARTICLE
Pennsylvania
Ohio
Utah
Salt Lake City
Congress
Rhode Island
New Jersey
Connecticut
Carolinas
Washington
Senate
House
State Department
Texas
North
South Carolina
New England
South
West
Sheriff’s Dept Reports November Fees and Activity
High Point township sheriff’s department reported $505.38 in November fees collected and a remaining $808.75 due for papers served. Deputies Brown Gray Jones and Wheeless logged 1,016 hours and drove 5,455 miles, with 40 gallons of whiskey destroyed during the month.
MENTIONED IN THIS ARTICLE
Sheriff's Department
High Point Township
Guilford County Commission
E. M. Brown
Co. L. Gray
J. F. Jones
W. L. Wheeless
U S May Sell Its Medicinal Liquor Today
Washington reports the government weighing a plan to release medicinal liquor stocks for beverage use after repeal. President Roosevelt and officials await Utah repeal action while Choate Jr and Greenbaum push for supplies to states allowing immediate sale. An estimated 500000 gallons could be released. a draft rule would curb cross border purchases to every 30 days.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Phillips
State Department
Utah
Joseph H. Choate, Jr
E. S58. Greenbaum
Hearing resumes in million dollar bank suit in Greensboro
Special Master Kenneth Brim resumes hearings on John D. Biggs versus directors of the defunct Commercial National Bank. A. E. Spellman details alleged illegal loans as the bank's reserve deficit is examined, with rapid objections from defense counsel.
MENTIONED IN THIS ARTICLE
Greensboro
Kenneth Brim
John D. Biggs
Commercial National Bank
A. E. Spellman
Spellman
Gold price steady as government fixes at 34.01
Washington reports the government keeps the official gold price at 34.01 dollars per ounce for the fourth straight day. The AP notes market stability with no change in the fixed rate.
MENTIONED IN THIS ARTICLE
Washington
Varied State Rules On Liquor As Repeal Looms
The Associated Press reports that after Utah’s nod, states differ on drinking rules with many still undecided. Some allow on premise drinking while others require taking liquor home or eating to drink. Wide open states include Wisconsin Oregon Washington Illinois and Louisiana. New York allows drink sales while others restrict or regulate by the glass or package sales.
MENTIONED IN THIS ARTICLE
Utah
Wisconsin
Oregon
Washington
Illinois
Louisiana
Colorado
Connecticut
New York
New Mexico
Nevada
Arizona
Stansbury Re elected Greensboro County Chair
George L. Stansbury was unanimously re elected chair man of the Greensboro county board of commissioners at the December meeting. Two fellow commissioners observed their first anniversary in office, and deputies were granted monthly stipends for official car use while adding Sunday duty pay to relieve overtime. In Washington, Roosevelt monetary policy enters a new phase as markets react to gold price gains and a stronger dollar, with plans to address December maturities and potential bond offerings discussed.
MENTIONED IN THIS ARTICLE
Greensboro
George L. Stansbury
Board of County Commissioners
Joe F. Hoffman, Jr
High Point
R. C. Causey
Greene Township
J.S. Phipps
J. R. C. Bevill
J. G. Long
A. M. Benbow
H. D. Smith
Ralph Neeley
Charles G. Gates
L. W. Smith
R. L. Coble
W. A. Coble
R. C
Washington
Roosevelt
RFC
Morgenthau
Treasury
Halt Foreclosures On 24 N. C. Homes
Salisbury report shows the Home Owners' Loan Corp halted foreclosures on 24 North Carolina homes in the week ended December 1. The agency paid out 150,122.58 in cash and bonds and retired mortgages on 43 homes, with loans approved on 118 others involving more than a quarter million dollars. Final legal examination will precede payouts.
MENTIONED IN THIS ARTICLE
Salisbury
Home Owners’ Loan Corporation
Alan S. O'Neal
Balloting in Sixth District Election Seized and Canceled
Armed citizens seized nine ballot boxes and burned ballots in the sixth district of Louisiana prompting cancellation of the election in Tangipahoa Livingston and St Helena parishes. Voting continued in some areas under armed guard as Huey Long forces faced disruption.
MENTIONED IN THIS ARTICLE
Baton Rouge
Sixth
Congress
Huey P. Long
Boliver E. Kemp
Senator Long
Tangipahoa
Kemp
Livingston
St. Helena
Lee Ponder
Sixth District
Democratic Committee
Long
Ponder
Nat Tycer
Feliciana Parishes
West Baton Rouge
Pointe Coupee
Iberville
Hammon
Roosevelt Hotel
New Orleans
O. K. Allen
Bank opposition blocks Waccamaw fiber mill loan
F N Finkenstaldt of Waccamaw Fiber Farms testified at a public works hearing that Chase National Bank and major paper makers sought to block a 1.3 million dollar loan for a pulp and paper mill near Wilmington North Carolina. He said attorneys for International Paper and the American Pulp and Paper Association joined to halt the loan citing excess capacity.
MENTIONED IN THIS ARTICLE
Washington
F. N. Finkenstaldt
Waccamaw Fiber Farms Company
Boston
N. C
Chase National Bank of New York
Wilmington
North Carolina
Forest Farm
Finkenstaldt
Public Works Technical Board of Review
C. H. McMillan
NRA
International Paper Company
Chase National Bank
American Pulp and Paper Association
McMillan
Also Mentioned on This Page
Longs
U.S
E. W. Freeze
Comptroller
Jamestown
Manhattan
Concensus
J. J. Atkinson
St. Regis Hotel
Sheriff’s Dept
Associated Press
Indiana
Michigan
Montana
Empire State
Stansbury
Chase Bank
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