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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 18, 1932
Page
4
Entered as second class matter at the High Point post office under the 1872 act. Public notices list telephone and agency contacts for National Advertising representatives in major cities nationwide.
A short religious note notes John 14.2 about mansions in the Father’s house and praises dreams of a fair world attributed to Mrs. Hemans. The item reads as a devotional snippet from a 19th century periodical.
New representative Walter Lambeth uses his first House speech to threaten action if the Reconstruction Finance Corporation misserves distressed small interests. He laments advisory committee choices as aligned with Wall Street banking and warns Congress to prevent the agency from masking a costly blunder by powerful interests.
A historical column discusses Ireland's political tensions under Cosgrave and the potential for renewed agitation if the opposition wins. The piece probes Irish contentment, calls for further separation from Britain, and reflects on the Free State’s prosperity as a backdrop to ongoing struggle.
The point raised is that conditions in Ireland are better than elsewhere in the Empire. If reports are true, ongoing unrest in Erin is not currently due to economic pressure.
The letter campaign seeks a full list of Commercial National Bank debtors and their totals to reveal where depositor funds went. Some claim loans to individuals and firms cannot be repaid. others believe depositors will be paid in full and shareholders may recover some. Opinions vary among informed observers.
The piece argues for installment tax payments to improve public finances. It cites City National Bank of New York supporting the idea and lists benefits: reduced borrowing costs, better alignment with actual revenues, easier administration, and lighter burdens on taxpayers.
Bruce Catton argues that a congressional bill to expand Federal Reserve credit facilities will likely benefit average citizens by increasing money in their pockets. It would create new credit through rediscounting more commercial paper at Fed banks and allow government to tap broader funding avenues.
The article argues that allowing securities beyond gold or commercial paper to back new currency could inject about $1 billion into circulation and unlock $10 billion in credit. It describes a shift from tight to easier money, aiding banks, industry, and small businesses, with possible prosperity growth later. It also notes Rep. Hamilton Fish's arms export ban proposal as a liberal, peace-oriented measure. It then reports Bill Shatoff’s promotion to vice-commissar of railroads in Soviet Russia, highlighting his US-based anarchist ties and successful rail work on Turk-Sib.
The article argues machine guns give small forces outsized power in defense and that rapid fire weapons can paralyze offensives. It notes Shanghai fighting as an example and observes Japanese lessons from World War I era warfare.
A former postmaster announces a bid in the North Dakota presidential primary naming Al Smith as a potential rival. The move hints at a late bid for the party's nomination and possible pursuit of a public office.
A headline proclaims potential war between Ching and Japan over Shanghai area. The remark suggests battles around Shanghai earlier were practice maneuvers rather than decisive clashes.
A beer strike across parts of Germany limits availability in several towns. The situation sparks debate on whether continuing prohibition is the preferred stance to address ongoing shortages and social concerns.
If the $100 head tax applies to Kentucky colonists, many will be reduced to ranks. The measure faces opposition and could alter armed forces composition in the region.
After identifying the last two elements, an Alabama man completes naming them enabling chemists to focus entirely on testing bad liquor.
A Texas woman described as unsure of cocktail distinctions is portrayed as a wet candidate for Congress, implying she favors repeal or modification of Prohibition under the Volstead act. The remark frames her stance in a political context and suggests a controversy around alcohol policy.
The former president Calvin Coolidge faces a $100,000 suit over comments broadcast on radio. The case hints at broader tension between public speech and media. The report also notes a quip about the Sphinx that implies silence.
An eastern capitalist asserts business conditions are improving. The remark precedes a caution that optimism may give way to a downturn or low mood, suggesting a shift from bright forecast to wary outlook.
A disputed statement accuses external powers of coercing Haiti into loans, asserting that burdens will be eased and future borrowing curbed. The remark raises questions about aid conditions and sovereignty in the post crisis period.
Japan argues the Shanghai issue is entirely different from Manchuria based on the fighting, a claim that seems supported by the distinct battle scenes.
A scientist announces a perfected stabilizer for ships and suggests expanding to business use to gain fame. The claim centers on maritime stability, with no independent verification noted.
In the Senate chamber a tall gray haired Utah senator known as the watchdog of the calendar sits vigilant over private and minor public bills. He acts on his own conscience and responsibility, carrying home with him in the afternoon from the Hill sums ranging from 25 to 50 dollars tied to various appropriations.
A description of the king examining bills late at night, approving some and rejecting others. He keeps watch on the reading clerk, quickly ruling bills to be postponed or sent back. Bills he deems unworthy die a natural death after being paused.
King claims he has saved the country millions by his line about the river and harbor issue. He has studied every government river and harbor project from Washington to now, reading reports by engineers for years. He will not vote for a river and harbor project on a bet.
A reader from High Point, NC requests the Enterprise publish a timely frank explanation in the Editorial columns regarding the whereabouts of depositors' money entrusted to officials of the Commercial National Bank of this city. The letter urges transparency as a public service.
The writer argues the bank failures mirror national turmoil and urges immediate local effort to revive credit. He dismisses blaming officials and stresses spending, employment, and confidence in existing banks to prevent deeper economic collapse. He cautions against hoarding money and calls for proactive, locally driven solutions.
A partisan column argues for a president who serves both common citizens and elites. The writer emphasizes the nation’s rank and file care about temperance and moral standards, urging sober, strong leadership. Dated 2 17 32.
In High Point a resident recalls a humorous encounter with C A Lewis and local anglers. The tale centers on a fishing pole mistaken for a radio aerial by Mr Bill, highlighting the charters of local vendors and fishermen and a playful jab at fishing lore along the Potomac River.
A rumor notes the Grand Brotherhood of Bootleggers will host its 12th annual reunion at a location between here and Deep River. Community interest centers on the gathering and its surrounding plans.
Bill Smoot signs off with a playful note reserving the right to tell a fish story now and then.
Mrs Kane recalls her husband saying nothing was too good for her before marriage. Mrs Blaine questions the change, and Mrs Kane quips that he now thinks she should be satisfied with nothing.
W P Clements, former Merchants Bank president in Durham, waived his hearing when charged with embezzling 13000 dollars from the bank in district court.
A humorous Pathfinder quip shows a youngster negotiating with a father. The boy recalls a previous pledge of $5 if he passed. after not passing this semester he argues he saved the money, implying a clever budget moment.
The completed diamond word puzzle is presented with two three letter words hidden among two letter words. The midline letters include ran eat ram lie au ear lea ze are are ore and our.
Washington lawmaker Rep. J Walter Lambeth backs Rep Marvin Jones of Texas on a joint resolution to create a 10 million revolving fund from drought relief to aid agricultural credit corps and livestock loan companies. The measure, viewed as relief for southern cotton farmers, would let the Agriculture Secretary loan up to 75 percent of capital stock with 25 percent local investment. Federal intermediate credit banks had lent to over 980 financing institutions totaling 667.5 million by early this year.
Charlotte authorities arrested 20 youths over two days halting a series of box car and automobile looting in the city. Detectives linked the spree to a group causing property damage across local streets and yards.
Dr Mal Andrews 65 physician and former banker died at his home in Sunshine ten miles from Rutherfordton. His widow and a daughter survive.
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