27 Dec 1937
Page 1
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 27, 1937
Page
1
Washington December 27 Members of a House subcommittee proposed three tax groups by corporate income size. Small firms with 25 000 or less would pay a normal rate and avoid undistributed profits tax. Medium firms would face higher rates but remain untaxed on undistributed profits. Large firms would incur undistributed profits tax at 16 to 20 percent.
United States Senator Claude Pepper attacked big business at the 33rd annual meeting of the American Political Science Association. He said business used a sit-down strike to block Roosevelt’s recovery program and cited price and labor cost hikes by United States Steel as evidence of burdens on the public. Pepper hailed Roosevelt’s fight against big business as a decisive national battle.
Six people were hospitalized after an automobile crash near Roanoke Rapids. Mrs. W. E. Maddrey suffered a broken leg, while her husband had chest injuries but was not admitted. Also treated were Dr. Ruth J. Brown Heathville, Edna Edwards Edwardsville, and Elsie Haney Laura Jett and Flora Krantz Reedville, Va.
The Cuban government withdrew all charges against ex President Gerardo Machado and released him from U S custody as Cuba grants a general amnesty to political prisoners. Machado, ill in a New York hospital, faced misappropriation and mass murder claims.
Tokyo officials hail the Panay incident resolution as proof two civilized powers can resolve conflict. Japan claims the bombing was a mistake while the United States relies on its naval inquiry findings. Vice-Admiral Yamamoto credits truth interpretation for the swift settlement amid public ignorance of event details.
The CIO led large scale picketing at the Ford assembly plant in Kansas City with more than 40 arrests in the early hours. Steven, international representative of the United Automobile Workers, said more pickets would join the line as others were taken to district headquarters.
Assistant attorney general Robert H. Jackson denounces monopolists and near monopolies for pricing themselves out of the market to create a slump. He links profiteering to job losses, reduced consumer spending, and calls for strong anti trust measures and possible congressional inquiry, as Roosevelt moots new legislation.
Insurgent artillery kept pounding Madrid as officials reported 400 shells in 48 hours, eight dead and sixty wounded. A shell destroyed Madrid's 70 year old Big Ben clock at the home affairs ministry, and a streetcar was hit killing three and injuring eight. Government said warships bombarded Castellon and Valencia with little damage.
Mrs Harold E Dahl sends a Christmas appeal to Generalissimo Franco to release her husband the 28 year old Champaign Illinois aviator who was shot down by insurgents last July while flying for the Spanish government He was sentenced to death by a court martial and reprieved by Franco in October He remains in a Salamanca hospital recovering from confinement and its effects
Rebels and civilians hold two citadels in Teruel as government troops press in. Fire rages at the Teruel seminary and the Bank of Spain while Italian, German, and Franco loyal officers resist siege. Government forces close in on the city 125 miles east of Madrid.
Claudius T. Murchison, president of the Cotton Textile Institute, forecasts 1938 will bring returning prosperity, rising prices, and a firmer basis of operation. He cites removal of four 1937 handicaps, expects milder wage hour debates, and notes high industry employment and near record cotton consumption.
Industrial activity slid to a new low for the year marking the eleventh straight weekly decline. The AP seasonally adjusted index fell to 75.5 percent of the 1929-30 average from 76.4, with 100.6 last year, the lowest since October 1935. Steel, cotton, and housing hit new yearly lows while auto output remained weak.
Representative Hamilton Fish denounces Alf M Landon for endorsing Roosevelt policies. The New York Republican says Landon knows little about international affairs and slams Congress while praising Hull's handling of the Panay incident. He argues Americans favor isolation and oppose policing China to avoid war.
New York reports the average price of United States Type 12 grade B41 flue cured tobacco at 22.7 cents per pound for the week ending December 25, down from 23.5 cents the prior week and 20.1 cents a year ago. Tobacco economist H K. Butch notes the decline.
Sheriff reports Henry J. Nead, 19, confessed to killing his foster son Earl Albert, born Nov 14, on Christmas morning. Nead said he was driven by haunting memories of his late father and had initially claimed the death came from a fall. The suspect and his wife Luella Shaw, 15, were taken into custody Christmas Day morning.
The New York Times reported that Robert Irwin a 29 year old sculptor may not stand trial for the Easter Sunday killings of Ronnie Gedeon an artist model her mother Mrs Mary Gedeon and boarder Frank Byrnes. DA Elect Thomas E Dewey would consider a guilty plea to a lesser charge for a life sentence instead of first degree murder.
Dec 27 dispatches report Japan has occupied Tsinan capital of Shantung and advances toward Tsingtao. Chinese forces contest the fall while foreign observers note efforts to isolate Tsingtao with a blockade and potential landings. About 300 Americans remain at Tsingtao awaiting evacuation as the U S gunboats prepare to sail.
A search along the Savannah River for Gus Thomas and Magist H W Thomas of Haville resumed with coast guardsmen and Sheriff F H Drew. Authorities consider drowning a possibility while probing a possible foul play tied to prior trespassing game law violations and an unspecified cash sum.
Indianapolis reports a mysterious new chemical from injured yeast cells that rapidly heals severe burns with normal skin and no scarring. Developed at Institution Divi Thomae in Cincinnati, the watery extract accelerates recovery and reduces hospital time, tested at St. Mary’s Hospital and used on human burns.
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