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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, 1940

Page

12

FCA Expands Lending Policy for Farmers on Farm Relief

Washington February 24 The Farm Credit Administration the federal agricultural credit agency unveiled a broadened policy to keep debtors on the farm and shield them from foreclosures New chief A G Black outlined a move away from strict banking procedures toward extreme leniency for borrowers judged likely to meet obligations amid internal dissent and resignations

Washington Farm Credit Administration Federal Agricultural Credit Agency

Life and Death Stories From Norwalk and Fountain

In Norwalk Arthur H. Bennett died in his sleep from a heart attack as a newborn daughter arrived in a nearby room. In Fountain a double funeral was held for Mr and Mrs John Bascom Speight both 80, who died yesterday within five minutes of each other from the same heart attack.

Norwalk Conn Arthur H. Bennett Fountain John Bascom Speight

FCA faces protests as policy clashes with presidential order

Officials protest policy shifts after a presidential order moves the FCA under the Agriculture Department. Latest resignations include Peyton Evans and the president and vice-president of the FCA's Federal Land Bank in Spokane, with more expected. Black says the agency adopts a broad social aim to help farmers become landowners, even via special measures.

FCA Agriculture Department Peyton Evans Federal Land Bank Spokane Wash Black

War Time Conditions Affect Spring Business Preparations

War time conditions shape spring business plans on the home industrial fronts as copper demand rises and auto output expands while overall markets show mixed signals. Analysts note rising exports, new war driven industries, and caution until financing and war prospects clarify.

Frank Macmillen New York Europe Latin America United States Wall Street

Bee Sting Thefts Reported In Richmond Property Loot

A thief who looted B M Nunnally's property in Richmond likely was stung after taking only an occupied bee hive. The incident was reported February 24.

Richmond, Va B. M. Nunnally

State tax collections reach 3.832 billion in 1939

The Commerce Department reported that state tax collections totaled 3.832 billion dollars in the 1939 fiscal year. Sales taxes constituted 38.6 percent of the total with motor fuel taxes making up 20.8 percent as part of the three group sales tax total, based on reports from 135 agencies across 48 states.

Washington Commerce Department Department

Associated Press Editor Smith Freeman Reavis Dies

Smith Freeman Reavis, 46, longtime Associated Press editor and writer, died at Post Graduate Hospital after an operation to remove a blood clot. He was famed for his Paris dispatches that helped inspire the Kellogg Briand pact outlawing war, though he downplayed his role.

New York Smith Freeman Reavis Associated Press Post Graduate Hospital Paris

State Tax Distribution and Key Revenue Sources

The report breaks down state income by levies and taxes: general sales taxes 11.5 percent, other sales 6.3 percent, unemployment compensation taxes $799 million (20.9 percent). Other major sources include motor vehicle licenses 9.5 percent, income taxes 8.6 percent, and inheritance gift taxes 4.4 percent.

Col. A. H. Griswold Dies in New York Hospital

Col. A H Griswold 60 senior vice president and director of the International Telephone and Telegraph Company died in New York hospital after a short illness. He was a member of the French Legion of Honor and was cited by General Pershing for his service.

New York A. H. Griswold International Telephone and Telegraph Company New York Hospital

V. F. W. Post to Receive New Members on Monday

High Point Post No. 619, Veterans of Foreign Wars, will meet its hall Monday night at 7 30 o clock. Several new members will be received into the post and all members urged to attend. The post previously praised meritorious service and awarded the Purple Heart for work directing telephone and telegraph services of the American Expeditionary Force in 1918.

High Point Post Veteras Ser Ice Americ Expeditionary Force

Also Mentioned on This Page

A. G. Black Ourafil Snow Lumber Co al Barber Genasco Ward St Howard Finance Cqo West Washington Street Virginia Egg Piedmont Oil and Coal CO DIAL Detroit Reavis W.R. Tingle Certified Public Accountant South Main Street Sears, Roebuck and CO North Main St High Point VN. C Col. Griswold V. F. W. Post Hart Stove Oldsmobile Fisher Olds Lansing Michigan Seneral Motors Highland Motors, Inc North Main Street
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