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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 20, 1932
Page
4
A compact meditation ties I Chronicles 26 8 to Benjamin Franklin on war and peace, noting divine caution about building for conflict and the timeless claim that no war yields a just peace, reflecting on moral lessons across eras.
Thrift Week treats life insurance as a cornerstone, noting its safety despite economic lows. A. E. N. Gray of Prudential explains the 3 percent to 3.5 percent net rate and surplus gains backed by the law of averages, with dividends to stockholders and policyholders.
A state legislative committee concludes major power firms Duke Power South Carolina Power Southern Public Utilities Carolina Power and Light and Broad River Power inflated security values and earnings. It urges eight percent net return, tax reform, energy metering at state lines, a Bureau of Electrification, and separate ledgers for appliance merchandising as steps toward reform.
The public asks why the surplus grew, and the answer is given. A corporation that liquidates assets to meet obligations is interested in present market values, but life insurance companies need not worry as they do not sell invested assets and hold ample surplus to cover losses.
The article notes the inadequacy of state funding to enforce a 1931 law and Duke Power's Raleigh spokesman cannot specify cash investment beyond earnings. It argues the state needs dependable information on power companies and suggests South Carolina’s push may influence future treatment of the issue.
A Nanking report states China threatens to break diplomatic relations with Japan as months of fighting continue. Westerners expect ruptured ties, though war has not formalized into declared state of war. Japan concentrates attacks in Manchuria, with potential wider land and sea actions if warfare formalized.
The American Bankers Association Journal reports a 36 percent drop in short term credit in the two years ending September 30, reducing $12.6 billion. Security loans also fell by about half, while instalment plan structures weakened but endured, suggesting liquidation has progressed and relief may be near.
A Northwestern professor discusses the enduring role of the father as the family football. He explains that fathers pay the bills yet are often kicked around by children who idolize them briefly, then disillusionment follows as kids grow and see their father as fragile and imperfect.
The line suggests that financial speculation and inflated equity teach individuals to take control of their own fortunes without relying on others. It frames money and risky assets as catalysts for self reliance and resourcefulness.
A reader from High Point, North Carolina writes sharply against prohibition and enforcement, charging courts and officers with bias and suggesting the system ruins families. She cites unemployment, factory practices, out-of-town hiring, and price pressures, then condemns newsroom cruelty toward Mrs. Harper and calls for fair treatment.
The Times Editor describes a chaotic hour in world history as millions lose jobs and inflation and debt pressures rise. Prices for staples fall below production costs while farmers, merchants, and investors face mounting financial strain and banks tighten loans amid a sluggish industrial era.
A January 19 1932 letter complains about Harper case coverage and graphic photographs. The writer accuses editors of sensationalism and urges sticking to facts while showing restraint toward the accused.
The Salvation Army Young People's League will present a playlet titled Percys First Party at the army hall tomorrow night at 7 oclock Adjutant John OBeirne stars in the title role Mrs OBeirne plays the mother Several other actors will participate and the public is invited to attend.
Washington reporting notes a new procedure where President Hoover permits impromptu questions from reporters, a shift from the usual practice of issuing prepared statements. Journalists hoped for direct quotations, but interaction remained limited without sustained back and forth.
Report describes press gatherings around the president with on the spot replies to questions. It notes the domestic scope of quoted remarks and the caution about any improvised statements on international relations. Chancelleries would study such comments within minutes.
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