Morgan says Bank turned loose loans to Allies after Wilson approval
At a Senate inquiry J. P. Morgan & Co acknowledged it funded wartime loans to Allied nations in 1915 once President Wilson consented. Frank Vanderlip recalled a $10 million France loan, noting state department opposition and lengthy negotiations. Morgan credited government policy for directing banking actions, denying bankers pushed the country into war.
MENTIONED IN THIS ARTICLE
Washington
P. Morgan
Senate
Wilson
Vandenberg
R-Mich
Morgan
Morgan Company
State Department
Clark
D. Mo
Riners
George Whitney
Omas W. Lamont
Frank Vanderlip
Nir
Vanderlip
France
Nye
Bandits Rob Seward Cotton Mill for 2000 Dollars
Two unmasked men robbed the Seward Cotton Mill office at Worthville and seized more than 2000 dollars, mainly payroll funds from Asheboro, after locking two employees in the vault and fleeing in a Ford V-8 toward High Point or Asheboro. Oscar R. Blalock and George Ward were confronted, tied, and relieved of funds. Ward's father, mill treasurer, narrowly escaped. Authorities in Asheboro and Randleman were alerted.
MENTIONED IN THIS ARTICLE
Mill
Worthville
Seward
Asheboro
Oscar R. Blalock
Archdale
George Ward
W. L. Ward
High Point
W. P. Lewis
Seward Mill
Randleman
Railroads challenge 1935 pension laws in District of Columbia suit
135 railroads along with the Pullman Company and related firms filed a joint suit in the District of Columbia seeking a permanent injunction against taxes funding a pension system for rail workers. The filing parallels grounds from the 1934 railroad retirement act as a constitutional challenge amid broader New Deal debates.
MENTIONED IN THIS ARTICLE
Washington
District of Columbia Supreme Court
Pullman Company
Railroad Express Agency
Southeastern Express Company
Carolinas textile leaders uncertain of future actions
Junking of the AAA by the Supreme Court prompted mixed reactions among Carolinas cotton and textile leaders. Mill executives in both states consider temporary withdrawal pending tax decision clarifications, while others fear price cuts or production swings unless the processing tax issue is resolved.
MENTIONED IN THIS ARTICLE
AAA
Cotton Textile Institute
Charlotte
Supreme Court
Carolinas
Claudius T. Murchison
Cotton Textile Institute, Inc
Thomas H. Webb
Locke
Concord
N. C
America
Webb
New York
Textile Institute
IL. O. Schaub
N. C. State College Extension Service
Schaub
Farm Leaders Called to Washington Over AAA Fallout
Secretary Wallace summons farm leaders to Washington for a January 10 and 11 conference to chart agricultural policy after the Supreme Court struck down the AAA. About 70 invitees, including heads of major farm groups, are expected to attend as lawmakers debate constitutional options and funding to honor existing contracts.
MENTIONED IN THIS ARTICLE
Washington
New Deal
Wallace
AAA
Supreme Court
Sion
Wal‘ace
Hoosac Mills
Chester C. Davis
National Farm Organzations
American Farm Bureau Federation
National Grange
National Cooperative Council
Farmers’ National Grain Corporation
American Agricultural Editors Association
National Agricultural Conference
Roosevelt
Jones
D-Tex
House Agricultural Committee
Snell
Manslaughter Case Under Way In Greensboro Court
Trial began in superior court on manslaughter charges against James Venable of Asheboro and William Irvin of Salisbury for the deaths of Mrs James Venable and the wife of James Venable's brother in an automobile crash on Lexington avenue High Point March 24 1935. In civil division Wachovia Bank Trust Co won a judgment of 355 against Leo Grosseaux of High Point on a note.
MENTIONED IN THIS ARTICLE
Greensboro
James Venable
Asheboro
William Irvin
Salisbury
Mra
Lexington Avenue
High Point
Superior
Wachovia Bank Trust Company
Leo Grosseaux
North Carolina Farmers Face Loss From Supreme Court Ruling
North Carolina farmers in farm adjustment programs stand to lose about 326 million dollars in rental and benefit payments after the Supreme Court invalidated the Agricultural Adjustment Act. The AAA noted 1933 control program payments totaling 26.159 million through September, with outstanding programs expected to raise the total to 51.6 million.
MENTIONED IN THIS ARTICLE
Washington
North Carolina
AAA
Farm products slide amid market volatility in New York
New York trading opened unsettled as the A A A issue overshadowed activity with rails and many Industrials rising after a soft start. Cotton edged up after prior losses, hogs strengthened while wheat and sugar declined. foreign currencies fell against the dollar and government bonds gained.
MENTIONED IN THIS ARTICLE
New York
U. S
Textile Institute
House to vote Friday on World War veterans cash bonus plan
Washington reports the House Ways and Means Committee approved a plan to pay 3 000 000 World War veterans with an immediate outlay of about 1 billion dollars. Chairman Doughton seeks a Friday floor vote after completing debate and amendments by Thursday with Vinson Patman and McCormack as co sponsors. Speaker Burns said leadership would push for quick action.
MENTIONED IN THIS ARTICLE
Washington
House
Doughton
DNC
Ways and Means Committee
Vinson
D-Ky
Patman
D-Tex
McCormack
D-Mass
Burns
Juick
Carolinas Solons Seek Substitute For AAA Act
Congressional leaders from North and South Carolina seek a substitute for the Supreme Court invalidation of the AAA program. Rep John H Kerr proposes identical state legislation by the four tobacco states Virginia North Carolina South Carolina and Georgia to preserve the flue cured program. Some representatives vow to stay in session year round until an AAA success is achieved.
MENTIONED IN THIS ARTICLE
Carolinas
Virginia
Georgia
Kerr
Washington
North
South Carolina
Supreme Court
AAA
John H. Kerr
Warrenton
N. C
North Carolina
Senator Smith
Congress
Frank W. Hancock, Jr
Oxford
Lindsay C., Warren
Washington, N. C
Josiah W. Bailey
AAA Field Offices Ordered To Halt Activities
Washington dispatch reports field offices ordered to stop all actions. Telegrams and calls flood Adjustment Administration offices as officials seek workarounds after the Supreme Court decision. Chester Davis and advisers confer to determine possible steps within constitutional limits.
MENTIONED IN THIS ARTICLE
AAA
Washington
Adjustment Administration
Chester Davis
Supreme Court
Early hearings urged in Johnston state commission case
In Columbia South Carolina Jan 7 susp ends state highway commissioners push for quick hearings before Gov Olin Johnston as one member asks for a Friday hearing Eugene Blease says Z F Wright of Newberry asked the governor to hear his reply to a rule to show cause why he should not be removed along with four others Johnston had ordered ten commission ers suspended on December 6 and four to show cause January 10 He said some cases cannot be heard together due to timing and that he would judge all matters when ready as counsel for other six pressed for a Friday session.
MENTIONED IN THIS ARTICLE
J. Crawford Biggs
Raleigh
United States
Roosevelt
Gaston County
N. C
A. G. Myers
Gastonia
North Carolina
Myers R. L. Stowe
Belmont
Carolinas
Olin Johnston
Eugene 8. Blease
Z. F. Wright
Newberry
Blease
Wright
Johnston
Ben Sawyer
E. T. Heyward
Charleston
R. J. Ramer
Anderson
W. F. Lightsey
Miley
C. F. Rizer
Hauptmann assures mother all will be well
Bruno Richard Hauptmann writes to his 70 year old mother from Trenton prison claiming a clear conscience and urging prayer as his death sentence nears. He says an inner voice foretells his return to happiness and asks his mother not to lose courage while awaiting Gov Hoffman's response to her clemency plea.
MENTIONED IN THIS ARTICLE
Kamenz
Germany
Bruno Richard Hauptmann
Pauline Hauptmann
Trenton
N. J
Lindbergh
Hauptmann
Frau Hauptmann
Harold G. Hoffman
New Jersey
Hancock to Seek Sixth NC District Seat in 5th Race
Representative Frank W Hancock of Oxford NC will not oppose Senator Bailey in June Democratic primaries. He announced he will run to succeed himself in North Carolina’s fifth district, saying district friends urged him to stay in his current post. Only Richard T Fountain and Joseph R Bly remain in the Senate race.
MENTIONED IN THIS ARTICLE
Washington
Frank W. Hancock
Oxford
N. C
Joshiah W. Bailey
North Carolina
Hancock
Senate
Decisios
Bailey
Richard T. Fountain
Joseph R. Bly
Charlotte
Four Die in Buenos Aires Strike Disorder
In Buenos Aires on January 7 three policemen and a striker were killed as general strike disorder escalated with street cars and buses set ablaze and confrontations between strikers and police.
MENTIONED IN THIS ARTICLE
Buenos Aires
Rains Bring Second Rise for Eastern North Carolina Streams
General rains in the last 24 hours caused a second rise in upper and middle reaches of Eastern Carolina rivers still in flood from last week. Cape Fear fell below 40 feet at Fayetteville after exceeding 45, Neuse at Smithfield stood at 18.3 feet with small drop, Roanoke at Weldon 43.4 feet and rising, Tar and Neuse crests forecast, officials said the highways remain open.
MENTIONED IN THIS ARTICLE
Raleigh
Carolina
State Highway and Public Works Commission
Cape Fear
Fayetteville
Neuse
Smithfield
Weldon
Roanoke
Tarboro
Greenville
Lee A. Denson
Raleigh Weather Bureau
Weather notes for North and South Carolina
North Carolina coast brief light rain tonight followed by cloudy, cooler conditions and rain by afternoon. South Carolina sees cloudy skies with occasional rain tonight and slightly colder conditions Wednesday.
MENTIONED IN THIS ARTICLE
North Carolina
South Carolina
Hatteras
Jacksonville
Sandy Hook
Asheville
Atlanta
Augusta
Birmingham
Charlotte
Chicago
Denver
Columbia
Ereteere
Detroit
Evansville
Serere
Galveston
Geeensboro
Key West
Little Rock
Los Angeles
Memphis
Erste
Meridian
Miami
New Orleans
New York
Raleigh
San Antonio
Orn
San Francisco
Washington
Smith Seeks 250000 Heart Balm From Father‑In‑Law
F Brandon Smith Jr testifies in Mecklenburg county court that his broken marriage warrants $250000 in heart balm from Joseph A Cannon of Concord. Anne Cannon Reynolds, his former wife, contends she never loved him and married for a home for her daughter. Cannon supported her, and a prior $125000 verdict was set aside as excessive.
MENTIONED IN THIS ARTICLE
Charlotte
F. Brandon Smith, Jr
Mecklenburg County
Anne Cannon
Smith Reynolds
Winston- Salem Tobacco Family
Anne
Smith
Reynolds
Anne Cannon Reynolds
Cannon
Arkansas
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Worthville Mill
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U.S
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Associated Press
United Ee
Ireee Roosevel
Mussolini
American Congress
Popolo d'Italia
Milan
Il Popolo di Roma
Giornale d'Italia
la Tribuna
Neces
D. C
8. C
Bruno
Mother
Fifth Congressional District
Balm
Charlotte Man
J. A. Cannon