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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Feb 25, 1933

Page

1

Woodin and Roosevelt in Confab at Hyde Park

Hyde Park N Y Feb 25 President Elect Roosevelt met with William A Woodin of New York to shape fiscal policy aiming for a balanced budget before July 1. He plans budget cuts through reorganizing government and relies on beer tax revenue while awaiting March 5 income tax results and next year expenditure projections.

Hyde Park Roosevelt Treasury William A H. Woodin New York Wats Roosevalt Ogden L. Mills Hoover Administration of the Treasury Woodin Paris Havana Henry Morgenthau, Jr Bernard M. Baruch Baruch

Lower Postage Rates Sought Despite Revenue Drop

Washington February 25 House Post Office Committee Chairman Mead said he will urge the next Congress to cut postal rates. He warned higher rates have historically reduced revenue as users switch to messengers telegraphs or radio, noting Postmaster General Brown’s figure of 120 million more if rates rose while fiscal year results showed the opposite.

Washington Mead House Post Office Committee Brown

Senate Passes Fletcher Bill Allowing Direct Land Bank Loans

The Senate approved a Fletcher bill to permit direct loans to borrowers by federal land banks and to allow reamortization of mortgages over up to 40 years. The measure, unani mous consent and backed by the treasury, includes provisions for direct loans when farm loan associations cannot, loans for liquid indebtedness prior to 1933, and reamortization with approval. Secretary Mills calls the reamortization a useful tool to ease delinquent mortgages and reduce semiannual payments to help homeowners retain their properties.

Washington Senate House Treasury Department Farm Loan Association Farm Loan Board Federal Land Bank Mills

Japanese drive into Jehol captures Chaoyang and key towns

Japanese forces press the Jehol campaign capturing Chaoyang Kailu Suiung and other centers as 26 000 Chinese irregulars surrender or join Manchukuo. Gen Yoshimichi Suzuki advances toward Jehol city while Ma n churian army headquarters shift from Shanhaikwan toward Kailu and Jehol city. A Muto proclamation warns China that any further action may widen the war to North China.

Chinchow Manchuria Chaoyang Jehol Shanhaikwan Tungliao Japan Minchukuo Kailu Suiung Yoshimichi Suzuki Kuniaki Jehol Province Chihfeng

Douglas as budget watchman sparks Arizona label

In Beverly Hills on February 24, the writer jokes about Congress appointing a night watchman for the budget, naming the lone Arizona congressman Douglas as the figure. The piece quips that each state should have one budget guardian and mocks the budget as a mythical beans bag.

Beverly Hills Cal Douglas Arizona N. Y Congress

Daniel Rhyne Dies at Home in Lincolnton

Lincolnton February reports the death of Daniel Efird Rhyne a $1 textile manufacturer banker and philanthropist at his home after months of illness He presided over First National Bank owned Piedmont Wagon Co and owned Rhyne Cotton Mill plus stock in nineteen mills He funded Lenoir Rhyne College earning the moniker grand old man of the college for his gifts dating to 1919 and continuing through later crises.

Lincolnton Daniel Efird Rhyne Rhyne First National Bank Piedmont Wagon Company Hickory Lincoln Gaston County Laboratory Lenoir Rhyne College Lenoir College

Federal Guarantee To Bank Depositors Proposed By Economists

Five University of Richmond economists urged a federal guarantee of all bank deposits to restore confidence and speed recovery. They sent copies of the plan to Washington for the Harrison sub committee of the Senate finance committee.

Ann Arbor Mich University of Richmond Washington Harrison Senate Finance Committee

Emergency Powers Given To Comptroller Of Banks

The Senate sent to the White House the Couzens bill granting the comptroller of the currency emergency powers over national banks. It becomes effective for six months with a presidential extension option, to be extended up to another six months. President Hoover is expected to sign promptly. Representative Stevenson explains that slow assets would be frozen and depositors could withdraw up to the bank’s liquid asset percentage, varying by state law.

Washington Senate White House Couzens House Hate Hoover Stevenson South Carolina House Banking Committee

Baby Carriage Is Bootleg Carrier

Staunton authorities report a baby carriage used to transport illegal liquor has been seized. Police say the bootlegger used the disguise to move liquor during February. No injuries are reported.

Rainey Leads Washington Battle for Speakership

As the race for the new House speakership tightens Rainey of Illinois leads, with McDuffie of Alabama challenging and Burns of Tennessee seen as a possible compromise. Analysts say no candidate has first-ballot majority and shifts in support could reshape the lineup within days.

Washington House McDuffie Alabama Rainey Illinois Burns Tennessee Appropriations Committee

England Will Not Return To Gold Standard Yet

Birmingham February 25 Neville Chamberlain the chancellor of the exchequer reiterated Great Britain's determination not to return to the gold standard until satisfied it will work He said a substantial rise in wholesale prices of commodities is among the necessities for its functioning and success

Birmingham Eng Great Britain Neville Chamberlain

Brackett Acquitted in Self-Defense Killing

A Morganton jury acquitted Rey Brackett on murder charges after he admitted killing his cousin Sylvester Jarrell in self defense last August.

Morganton Rey Brackett Sylvester Jarrell

Blood transfusion planned for Mayor Cermak in Miami

In Miami on February 25 AP reports Mayor Anton J. Cermak is to receive a blood transfusion of 400 to 500 cubic centimeters. Interne Dr. R. Sam Moseley of Montgomery Alabama will administer. Oxygen therapy was begun to ease his breathing and aid his heart. Senator Richey Graham and Mrs. Jirka visited the room with Dr Jirka stating the mayor remained quiet and responsive.

Miami Fla Frederick Tice Anton J. Cermak R. Sam Moseley Montgomery Ala Emory University Medical School Tice Richey Graham Frank Jirka Cermak Jirka

League Debates Concerted Arms Embargo on Japan

Geneva talks by the League of Nations committee consider a coordinated arms embargo on Japan amid Sino Japanese conflict. Britain says action must be international. invites United States and Russia to cooperate as the body waits for Japan to respond to a condemnation of its Manchurian policy.

Japan League Geneva League of Nations Great Britain Far East Anthony Eden United States Russia Paul Hymans Assembly Manchuria China

State Relief Commission Proposed In Arndt's Bill

In Washington Bishop Cannon Jr and E L Crawford condemn dry state protection as worthless and urge defeat of the repeal amendment. They accuse William Allen Smith and Bourke Cochran of leading wet forces in past elections and warn that legalizing manufacture and sale would ruin dry territories. In Raleigh a bill to create a state relief commission and another to promote efficiency in public schools was introduced in the North Carolina General Assembly.

Washington James Cannon, Jr E. L. Crawford Board of Temperance and Social Service The Methodist Episcopal Church, South San Francisco Tammany Alfred Emmanuel Smith Bourke Cochran Smith Raleigh North Carolina General Assembly Everett Durham Arndt Catawba House Senate Corporation Commission Committee On the Committee On Regulation of

Ohio Man Killed In Automobile Wreck Near Gaffney

Leo Simon of Payne Ohio died when an automobile overturned near Gaffney South Carolina. Otis Smith a U S Marine owner of the car escaped with minor injuries. Smith says he was sleeping as Simon who had been picked up at Greenville drove the car returning to Quantico Virginia after a furlough.

Gaffney 8. C Leo Simon Payne Ohio Otis Smith U. 8 S. Marine Smith Simon Greenville Quantico Rockmart

Reed Would Punish Republican Bolters in Senate

Senator Reed of Pennsylvania said he would press the next Republican caucus to strike from the rolls any member who supported Franklin D. Roosevelt in 1932. He cited Norris of Nebraska Lafollette of Wisconsin Johnson of California and Cutting of New Mexico as examples of bolters.

Washington Franklin D. Roosevelt Reed Pennsylvania Senate Norris Nebraska Lafollette Wisconsin Johnson California Cutting New Mexico

British Isles Endure Widespread Snow Storm Toll and Disruptions

A severe snowstorm hit the British Isles causing seven deaths and many injuries. Rail, sea, and road travel faced major disruption with communications down and lamb losses reported. Ireland, Wales, and Yorkshire suffered most as a steamer and express train were stranded for hours.

AP Presse London British Isles Ireland Wales Yorkshire Lairdsburn Glasgow Dublin Great Western Railways Fishguard

Carloadings Rise in Week Ending February 18

The American Railway Association reported total car loadings for the week ended February 18 reached 514 390 cars, up 13 070 from the prior week but 57 875 fewer than the same week in 1932.

Washington American Railway Association

State question far from settled in Raleigh week of battle

The North Carolina legislature battles over a six or eight month state supported school term a sales tax and university funding. Leaders fear a 1931 style deadlock while House and Senate weigh terms votes and tax plans amid a three to three tussle on school appropriations and budget priorities.

Robert L. Thompson Associated Press Raleigh Consolidated University House Senate Joint Appropriations Committee

Also Mentioned on This Page

Franklin Yours Dixie Greensboro Chattanooga Frances Roberts Wendell N. C University of North Carolina At Greensboro Brookhaven Earl Deane Brannon Woodville Whitworth College Elizabeth Fox University of Chattanooga Daniel Rhyne Staunton, Va England Brackett State Relief Commission Swindon Holyhead South Wales Neyland Pembrokeshire House Finance Committee Joint Committee On Education
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