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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 25, 1938
Page
2
Partly cloudy and much colder tonight across North and South Carolina with a moderate cold wave. Wednesday looks generally fair and colder in the east portions. Moderate fresh west to northwest winds diminish by Wednesday.
A special grand jury in Miami, Florida, indicated Mayor Robert R. Williams and three others face charges of soliciting a bribe from Florida Power and Light Co. in a rate case. The panel also planned to probe a referendum on a city-wide bus franchise and the $28 million bond refunding program among other matters.
C I O leader Lewis pressed for a larger relief fund and broader Social Security while urging Congress to tax fuel as a luxury. He urged resisting the Wagner Act amendments, adding at least a billion dollars to this year's relief and next year's appropriation, and banned federal purchases from violating employers. He warned leaders to avoid wage cuts and criticized using the National Guard in labor disputes.
Senator Glass proposes a five year liquidation window for bank holding companies in a draft bill backed by FDR. Senator Barkley and Wagner expect smooth sailing, Morgenthau weighs administration support while warning the holding company practice is an unhealthy situation. The plan excludes branch banking and targets stock ownership driven control of banks.
The American Red Cross, at President Roosevelt's suggestion, will raise 1,000,000 dollars for distressed Chinese civilians. Roosevelt told Admiral Cary T. Grayson the nation has widespread citizen support to contribute.
Washington reports new SEC regulations will end most short selling in a falling market. Starting Feb 8, a short seller must bid at least 1 8 point above the last regular sale price, making profitable bets on declines unlikely.
The executive committee of the Baptist Hospital in Winston-Salem met to discuss a proposed $200,000 addition to the facility. The plan aims to expand capacity and improve services at the hospital.
Sanford obituary reports Thomas Cross, longtime mayor and banker, died at a local hospital after a prolonged illness. Cross, 58, led the city and served as a prominent community figure. His death follows a career in finance and public service.
Thomasville January 25. Jesse Wagner a white youth near Thomasville was found guilty of assault with a deadly weapon for stabbing Arthur Everhart on a date near the Amazon Cotton Mills. Everhart a minor testified he had bought whiskey earlier from a bootlegger in Holly Grove. Wagner was bound over to the Davidson county juvenile court with a 300 dollar bond.
W. G. Waldo of Washington D C an engineer working on the proposed hydro electric plant says the $36 000 payment authorized by the city council has not yet been acted on by the PWA. The amount was audited by the city and by a PWA accountant and is now with officials in Washington after regional review in Atlanta. Waldo has been connected with the municipal power project since the Smith Mountain plan and has continued work on the current system.
Winston Salem January 25 The Fourth District Federal Home Loan Bank reports 1937 advances to member building and loan associations totaling 17 981 202 up 70 percent from 1936. C K LaRoque president notes operations boosted the district bank ahead of 611 others nationwide though member associations used only 17 6 percent of available credit.
A sharp cold front moved in from the west as the weather bureau forecast a moderate cold wave. Tomorrow’s low is projected around 24 degrees with winds 35 to 40 miles per hour, affecting much of the state.
The local government commission announced the Thomasville $25 000 refunding issue was sold to Equitable Securities Corporation of Greensboro at a premium of $17.50 with the first $16,000 maturities bearing 3 percent interest and the remainder 3 percent.
The League of Nations council convenes for its 100th meeting tomorrow facing two key problems sanctions and China’s appeal against Japan’s undeclared war.
Boxing results report Billy Conn defeating Honey Boy Jones by outpoint in Pittsburgh. Wallie Sears stopped Pred Fiducia in Newark. Ray Ingram outpointed Charles Jacobs in Richmond.
City Manager EK M Knox is confined to his home today due to a slight illness. The issue limits his official duties while he recuperates. Local officials said no other operations are affected and the city continues normal functions.
Greensboro official notes the Jefferson Standard Life Insurance declares a $10 per share dividend on 10 000 shares outstanding as of January 24 payable February 1 to stockholders of record.
Police caught Bud Hill at 206 Tomlinson Street riding a bicycle beside the railroad tracks with a half gallon of white whiskey. He faced Prohibition charges in jail this afternoon with bond set at 300. Impounding of the bicycle was undecided.
Robinson says retailers hold only about a 60 day stock while manufacturers avoid pre-production. Buyers note lower prices and better quality but a Chicago price break failed to help consumers as costs stay high. Registrations at High Point hint listings may match 1937 peak as market remains brisk.
Raleigh reports a drop in meat prices from 10 to 40 percent compared with 1987 levels. A survey by Paul L. Fletcher of the agriculture department shows steaks and chops down 25 to 27 percent, bacon and sausage 20 to 25 percent, roasts about 27 percent, stew meats 33 percent, hams 20 percent, fat back 43 percent, lamb 16 to 22 percent, and veal 10 percent.
Tyre Broom, 21, was found shot to death behind a barn on his father’s farm. Sheriff B. Frank Niven said he shot and killed himself after wounding Ellie Green, 22, a cousin, earlier that day.
Rev J Clay Madison presided at a First Methodist Protestant church dinner on the Fellowship Crusade. Dr R M Andrews presented aims to deepen spiritual life educate through papers and sacrifical giving. Dr J B Pritchard urged giving and others spoke as plans were unveiled and endorsed.
Plans for the fourth annual meeting of the North Carolina Seed Improvement Association are set for February 8 and 9 in Lexington. The event features a crop judging contest with 4-H Club members and vocational students, a banquet honoring contest winners, and exhibits of certified and uncertified seeds including corn cotton tobacco and beans.
The Senate approves Reed for the high court amid filibuster era turmoil. President Roosevelt plans a defense policy conference as Congress faces housing and farm bill negotiations. House hearings begin on a $476 million two year road appropriation while Wallace allocates $200 million to states.
The process to empanel jurors for the two defendants accused in a fatal killing continued as spectators, including Emma Payne of High Point, watched from corridors and the courthouse lawn while juror No. 4, Leonard Rhea, was seated during questioning.
A long list of individuals and spouses from multiple states appears in a market register. Names span South Carolina Virginia North Carolina Georgia Alabama Florida and beyond with towns including Conway Spartanburg Newport News and Wilmington. The tally reads like an extended consumer or voter directory.
Jurors began selection for the Payne Turner capital case with 26 examined. J G Frisbee, a farmer, was seated first while J G Stikefeather and A J Durner, Asheville residents, joined the panel. A venue of 250 Buncombe county citizens will supply 13 jurors, as Judge Felix Alley set the process in motion. Roth and others entered pleas of not guilty.
The Asheville bank president facing bank law violations and a 2 year old conviction of Martin Moore for killing Helen Clevenger of New York was prepared for trial. Court-appointed counsel for Payne and Turner include Robert R. Reynolds Jr Cecil Jackson George Ward and J Walter Haynes. Penn, from Carthage, was shot after pursuing two men in a blue car into a dead end road. the car was later found abandoned. A grand jury indicted Payne and Turner for murder. the two remain widely sought.
High Point residents join nationwide drive led by C E Diffendale to raise funds for Chinese relief. Officials say 650000 homeless and sick in Shanghai area need food shelter clothing and medical aid as epidemics threaten while volunteers coordinate via American ambassador and Red Cross networks.
Fred Perry and Elisno Vines, two money chasing tennis stars, will give free exhibitions at Folsom Prison in California on Friday. The event aims to entertain the prison's 2,800 convicts, as announced by Warden Clyde I. Plum.
In Boonville Missouri an elderly man offered a handful of pencils to a cafe owner who agreed to buy one and provide a meal. The man declined to eat, received more food from another merchant, then returned with a dollar asking the proprietor to later buy a meal for another elderly man, continuing the cycle of small generosity.
Chicago market Tuesday shows steady wholesale prices with 604 528 for product line and eggs at 9 574 with easy grading for extra firsts. Other price levels remain unchanged.
Federal agents pursued seven inmates who fled a Caledonia area farm last February 15. They were captured and tried on January 3 at Sanford.
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