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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 04, 1934
Page
1
Congress considers a liquor tax bill as analyses warn the national debt could hit new highs by June 30 and emergency costs may surpass six billion by July. Public debt could reach 28 billion, exceeding war-time expenditures.
Blaine Norman 26 Taft Norman 22 and Porter Norman 19 of the city were absolved from any link to Leota Childress death near Elkin on Saturday. Sheriff’s investigators found the girl took her own life after heartbreak. Taft was held in Elkin on an old fighting charge but cleared. Porter was arrested as a suspect but also cleared. In Washington, Roosevelt asks Congress for a nine billion deficit for recovery with a pay as you go plan by 1936 and a two billion war chest, projecting ten billion borrowing over six months.
Governor Ehringhaus declares he cannot extend the deadline for purchasing 1934 license plates. The time limit expired at midnight December 31, leaving motorists to comply with the existing rule.
The government again proposes thirty four dollars and six cents per ounce for newly mined domestic gold as of January 4. The announcement from Washington details the price in effect on that date under the existing mining program.
Senators Wheeler of Montana and King of Utah presented the silver free coinage proposal to President Roosevelt and said they were very satisfied with the interview. Earlier, 18 western house members passed a resolution backing bimetalism and free coinage of both metals and set up a special committee to seek agreement with other groups on silver legislation.
The French four motor flying boat Southern Cross landed at Natal on the Potengy river at 7:10 am local time after an 18 hour 17 minute flight covering 1970 miles from Saint Louis. The craft aims to establish a trans Atlantic air mail line Europe to South America via Africa. The crew reported an average 110 mph and noted the flight was about two hours slower than Lindbergh's previous crossing.
RALEIGH Jan 4 Officers have no clues to identify robbers who robbed and wounded two youths at a filling station. Thalton Strickland 19 lay unconscious after being slugged. Talmadge 18 was wounded as bandits took 100 dollars. The crime was attempted to be hidden by soaking money in kerosene and placing it on the bed. Ed Strickland, the father, found the youths.
Beverly Hills California August Roosevelt delivered a calm, candy bribe style speech to Congress this morning, avoiding direct commands and leaving members feeling reassured. The scene contrasted with stern lectures as he treated lawmakers like contented children, sparking amused reactions.
The government expects a decrease in the public debt for the fiscal year 1935 as the sinking fund of 525,763,800 is projected to surpass the estimated deficit by 15,477,708. Treasury receipts and expenditures for FY 1935 are detailed, including totals and deficits across various categories.
The 1934 treasury annual report warned of government outlays exceeding nine billion dollars for the year ending June 30, with an expected public debt near 28.68 billion by year end. The document also projected deficits and noted potential higher totals if Roosevelt budget requests are approved.
Washington reports multiple bills sent to House committees including a measure by Rep Kelly to authorize RFC loans to any business under an approved code. The plan limits loans to 50 percent of property value or eligible orders.
State director Charles A. Sheffield announces all North Carolina cotton growers may join the government sign up campaign. Earlier only those with four or more acres could participate. now growers with two acres or less may retire their entire acreage and receive rental payments.
Announcement says loopers inspectors clippers turners and finishing room girls will hold a meeting at the I W A hall tonight at 7 o clock. All workers whether I W A members or not are invited. A separate knitters and fixers meeting is set for Friday at 7 and cotton mill workers meet Saturday at 7 P M with details to follow.
Representative Shallenberger of Nebraska advocates free coinage of both gold and silver and proposes a currency stabilization board to redeem certificates in gold or silver at its discretion. The plan links stabilization efforts to metal-based redemption governed by a formal board.
At the Nelson ITI coal mine in Duchcoy 120 men remain trapped after a powerful blast. Rescue efforts were hampered by poisonous gas and fire with 16 bodies recovered and four men reaching surface in a stupor. The explosion may have been sparked by dynamite.
Washington report notes the government plans to borrow ten billion dollars in six months as the public debt nears thirty two billion by mid 1935. Speaker Rainey calls the figures startling while Senator Dickinson calls the outlook despairing. Senate to study war debts and foreign obligations with Treasury briefing on page nine.
Roosevelt transmits the 1935 budget with receipts and expenditures for 1934 and 1935. He outlines general finances, deflationary pressures, and government spending well above income, detailing major departments and emergency programs shaping the fiscal outlook.
Senator Long announces support for Henry Morgenthau Jr. as secretary of the treasury after the finance committee's unanimous report. Chairman Harrison notes no delay in Senate action and approves Morgenthau's favorable exam remarks, calling the nominee's committee impression highly favorable.
A widow with four children seeks a bicycle to let her 16 year old son take a messenger job. The Enterprise appeals for a donor bicycle or repairs, asking the community to help this self sustaining effort. Call 4567 after eight AM Friday to offer assistance.
Rear Admiral Richard E. Byrd and four crew flew to about 72.30 south along the 117th meridian, reaching 150 miles south of the flagship. They concluded that roughly 200000 square miles of area previously mapped as land could be renamed Pacific Ocean, aided by observations from a prior flight along the 150th meridian.
Rev. Tom A. Sykes addressed Rotarians at the Sheraton on Personal Inventories and citizenship. He urged resilience, cited radio as a channel for Roosevelt's international stance, and hoped for peaceful diplomacy. He praised Rotary’s role in fostering understanding across 70 countries and noted impromptu talks by members.
A 22 year old bride embodies ultra modern ideas clashing with old fashioned sentiments as her handsome husband adopts modern ways, creating a lively collision of eras in a dramatic role.
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