German banks pledge assets to guarantee foreign credits
A thousand major German banks and firms pledged assets worth billions to guarantee foreign business loans through the Reichsbank. Hans Luther announced a 600 million mark collateral plan to back foreign credits, aiming to restore foreign lenders' confidence and prevent mass loan calls as Germany seeks capital inflows. Separately, a Lake Toxaway, North Carolina incident ended in a murder suicide at Sapphire Inn, with Edna Hinkle killed by Charlie Bryson before he took his own life.
MENTIONED IN THIS ARTICLE
Wade Werner
Berlin
Germany
Hans Luther
Reichsbank
Gold Discount Bank
Lake Toxaway
N. C
Charlie Bryson
Edna Hinkle
Sapphire Inn
Here
Ed Patton
Brevard
Bryson
Winkle
Bank pays first dividend in Albemarle area
The Page Trust Company serving as liquidating agent for the Bank of Montgomery has paid the first dividend to depositors of the defunct bank. In Hickory William Carpenter rescued Walter Lee after he cried out in cramps while at Lake Hickory. In Statesville the Rev J H Pressly marks 80 years in ministry as pastor of First Associate Reformed Presbyterian church. In Carthage Cleveland Cagle, a Moore County tobacco farmer, has been named a federal deputy marshal for the district.
MENTIONED IN THIS ARTICLE
BANK
Albemarle
N. C
Page Trust Company
Bank of Montgomery
Hickory
William Carpenter
Longview
Lake Hickory
Walter Lee
Statesville
J. H. Pressly
First
Associate Reformed Presbyterian Church
Carthage
Cleveland Cagle
Moore County
Robbins and Jones eye bold nonstop flight to Japan
Seattle dispatch reports a plane named Fort Worth sighted across British Columbia en route from Seattle to Tokyo. The aircraft was seen near North Bend and Lytton on the Fraser River in the morning with further sightings over Quesnel and Prince George as it heads northwest toward Hazelton.
MENTIONED IN THIS ARTICLE
Seattle
Postal Telegraph Company
Fort Worth
Tokyo
North Bend
B. C
Lytton
Fraser River
Vancouver
Quesnel
Postal Telegraph
Prince George B. C
Hazelton
Great Strides in Flying Seen
New York July 8. Experts say man will beat birds at their own business soon. James Doolittle predicts commercial planes may reach 200 mph, with potential 500 mph in years. Wiley Post, Harold Gatty dinner remarks. F Trubee Davidson expects speed to pace the sun around the world. Captain Frank Hawks forecasts regular 12 hour transcontinental air service within two years.
MENTIONED IN THIS ARTICLE
New York
James Doolittle
Wiley Post
Harold Gatty
Washington
F. Trubee Davidson
Frank Hawks
Pacific
Atlantic
New Overnight Air Mail Service Set From New York to Kansas City
Washington July 8 The post office department announced today that overnight air mail service between New York and Kansas City will start July 20.
MENTIONED IN THIS ARTICLE
Washington
Post Office Department
New York
Kansas City
Government Rapped For Treatment Of Juveniles
Experts in London set July 17 for the first Young plan Hoover moratorium discussion. In Newton a carpenter, Lee McHargue, faces trial for first degree murder of Miss Rona Gray after a May 30 incident. Cotton falls about 1 a bale after government acreage estimates show 41.491 million acres, ten percent below last year. Post and Gatty depart in Winnie Mae amid weather delays to Oklahoma. The Wickisham commission faults federal handling of juveniles and urges state control, while deportation letters and labor secretary views loom.
MENTIONED IN THIS ARTICLE
London
Great Britain
France
No. 10
Downing Street
Ramsay MacDonald
Newton
Lee McHargue
Newton Carpenter
Rona Gray
Walter E. Moore
Sylva
New Orleans
Post and Gatty
New York
Wiley Post
Harold Gatty
Winnie Mae
Oklahoma
Washington
White House
Wickisham Commission
United States
Hs Commission
Doak
Secretary of Labor
Quotations and Reflections Cited in Newspaper Excerpt
The excerpt presents quotes from Thomas L. Chadbourne Winston-Salem Journal and A W Woodcock. It frames self interest taxation and crime detection views as observed by journalists and scholars without additional context or narrative.
Eggs-Centric Hen Delivers Morning Eggs at Wendling Home
In Manchester Indiana a white Leghorn owned by Emil Wendling Jr. daily taps at the kitchen door with wing flaps then lays an egg on a coat before being released. In two months the hen produced 50 eggs by this method drawing local curiosity and amusement.
MENTIONED IN THIS ARTICLE
NEA
Manchester
Emil Wendling, Jr
Biddy
Wendling
Moratorium Seen As Step Toward Global Disarmament
Washington reports a long stride toward world disarmament as the one year moratorium on war debts closes. President Hoover hopes the Geneva conference next February will curb military costs and ease global economic burdens. Secretary Stimson travels in Europe to coordinate with leaders for the next arms conference.
MENTIONED IN THIS ARTICLE
Washington
Hoover
Geneva
League of Nations
Stimson
Europe
Negro to Seek Commutation for Death Sentence
Raleigh July 8. Lacy Sterling a New Hanover County Black man sentenced to die in the electric chair Friday may receive a commutation to life imprisonment. Tyre C. Taylor said he will recommend to the governor that Sterling be commuted after a year on death row. He was convicted of murdering a New Hanover storekeeper and has had multiple reprieves. Taylor cited grave doubt of Sterling's guilt after exhaustive investigations.
MENTIONED IN THIS ARTICLE
Raleigh
Lacy Sterling
New Hanover County
Tyre C. Taylor
Sterling
H. H. Honeycutt
New Hanover
State Supreme Court
Taylor
N. A. Townsend
Grand Jury Probes Bank Failure Ties to Stokes Bank
Danbury July 8 The Stokes county grand jury began an investigation into possible criminal liability connected with the closing of the Bank of Stokes last fall. More than 30 depositors testified as the inquiry targets the bank’s collapse. The parent bank is in Walnut Cove with Danbury King and Germanton branch offices.
MENTIONED IN THIS ARTICLE
Danbury
Stokes County
Grand Jury
Bank of Stokes
Walnut Cove
King and
Germanton
Cop Blocks Flier From Board Flight Bound for Japan
In Seattle a police officer tried to stop oilman H. B. Jones from leaving with the plane crew for a trip to Japan. Jones argued with the officer as he moved toward the aircraft and was told to return to the line. Robbins, the navigator, needed Jones to guide the ship.
MENTIONED IN THIS ARTICLE
Cop
Flier
Seattle
Jones
Japan
Reg L. Robbins
Robbins
Youth Kicked by Mule in North Newton Farm Incident
Robert Furr Jr aged six or seven, son of Mr and Mrs Robert Furr of North Newton, was seriously injured when a mule on his father's farm kicked him in the head. The incident occurred on the Newton farm and the boy received medical attention.
MENTIONED IN THIS ARTICLE
Newton
Robert Furr
North Newton
Lightning Kills Man and Rider in North Carolina
Philip Welch, 50, and the male he was riding with were killed when struck by lightning in Lenoir North Carolina. The two men were riding a motorcycle when the bolt struck. Local authorities reported the fatalities and launched a routine investigation.
Two Fish on Same Hook Boy Claims Double Catch
Russell Ayscue, 13, told how he hooked two fish with a single lure in a creek near Henderson, N C. Winesses vouched for his tale, saying he caught the double fish yesterday while fishing locally.
MENTIONED IN THIS ARTICLE
Henderson
N. C
Russell Ayscue
Moratorium Has Good Effect On Business
The Hoover moratorium proposal is credited with improving business sentiment worldwide. A Commerce Department study shows optimism in Great Britain, Italy, Hungary, Czechoslovakia and Japan, with Asia and South America only slightly changed. Domestic May activity fell, but June outlook improved and May employment was better than typical for the season. Dr. H. Taylor calls the moratorium's psychological effect significant.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Great Britain
Italy
Hungary
Czechoslovakia
Japan
Dutch East Indies
Philippines
Asia
South America
H. Taylor
Bureau of Foreign and Domestic Commerce
Queen Helen Defies Move To Summer With Michael
In Bucharest on July 8 Queen Helen, stripped of royal prerogatives, plans to spend summer at Constanza with crown prince Michael. King Carol denies the claim, suggesting the boy stays in Bucharest with his father. The proclamation unsettles society and raises questions about the royal family. Queen Helena is omitted from the guest list for Princess Ileana’s wedding at Sinaia on July 26.
MENTIONED IN THIS ARTICLE
Constanza
Michael
Carol
Bucharest
Helena
Ileana
Archduke Anton -At- Sinaia
Creditors Demand 10 Percent Cash In Lea Liquidation
In Asheville a creditor statement says Col Lea must lay down 10 per cent of his total indebtedness in cash before considering any plan to liquidate debts to North Carolina banks and municipalities. The meeting followed talks with the Central Bank and Trust company, the city of Asheville, and the state bank commission.
MENTIONED IN THIS ARTICLE
Luke Lea
Asheville
Col. Lake Lea
North Carolina
Central Bank and Trust Company
City of
State Bank Commission
Colonel Lea
Tennessee
Texans Launch Nonstop Flight From Seattle to Tokyo Fort Worth
Reg L Robbins and H S Jones depart Seattle at 3 57 a m in the white Fort Worth monoplane for a 5100 mile non stop flight to Tokyo Asahi aiming to refuel twice or three times over Alaska and northern Siberia They expect to land in Japan Friday morning with first planned refuel over Fairbanks Alaska and are joined by Jimmy Mattern and Nick Greener who arrived with the refueling plane The takeoff initially failed to rise on the first attempt.
MENTIONED IN THIS ARTICLE
H. S. Jones
Reg. L. Robbins
Seattle
Fort Worth
Tokyo
Asahi
Wash
Reg L. Robbins
Texas
Bettle
Alaska
Siberia
Japan
Fairbanks
Jimmy Mattern
Nick Greener
Jones
Robbins
Red Cross cannot aid children of striking miners
Chairman Payne told Governor Pinchot the Red Cross cannot extend relief to children in western Pennsylvania strike areas. He cited the charter restricting relief to acts of God and noted other agencies can help. Hoover asked Doak and Lamont to seek common ground for a general conference with operators. Lamont expects a dozen or more operators at the next meeting.
MENTIONED IN THIS ARTICLE
Washington
Payne
Red Cross
Pinchot
Pennsylvania
Hoover
John L. Lewis
United Mine Workers of America
Doak and
Lamont
Civil War Bomb Explodes a Home in Camden
A Civil War era bomb kept as a relic at Hugh Proffitt's home near Camden Arkansas exploded during a fire that destroyed his barn. The device had long been regarded as a dud and children had played with it for years while Proffitt used it as a plow weight.
MENTIONED IN THIS ARTICLE
Camden
Ark
Hugh Proffitt
Profitt
Also Mentioned on This Page
Robbins and Jones
Worth
Wickersham Commission
Federal
Thomas L. Chadbourne
Winston-Salem Journal
A. W. W. Woodcock
Wdess
Udilios News
Ohio
Columbus, O
Ohio Association of Ice Cream Manufacturers
Buckeye
NEA Service
Seaside
Ore
Mike
Jack Bilieu
Helen
Romania
Brockton
Mass
John E. Blake
West Bridgewater
George Davidson
Annie Jacobs
Lloyd Deen
Edward Jacobs
Sullivan
Bank, Banking Commission
C. O. Carpenter
Halston Union National Bank
Knoxville
Tenn
Thomas G. McConnell
North Carolina Banking Department
Central Bank and Trust Company of
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