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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 26, 1932
Page
1
The Niobe a three masted sailing ship sank in a Baltic gale near Kiel. Of about 100 cadets aboard 60 are believed drowned and 40 rescued led by Captain Ruhfus. Naval ships including Kenigsberg and Therese Russ aided the recovery. cause cited as sudden wind and reefing failure.
Governor Gardner directs a state-wide survey to assess relief needs in all counties ahead of federal relief funds. Officials expect 250000 unemployed and plan to use funds mainly for public works and local charity support, avoiding direct dole to maintain morale. Unclear total borrowing amount, with initial allotment tied to population. The council on unemployment and relief from last winter is discounted.
Representatives from High Point hosiery plants held a two thirds rule meeting in Lexington to decide on manufacturer offers. Over 750 committeemen debated for two hours without reaching a plan to end the nine day strike affecting 24 mills. A central committee session followed as officials met to set the strike's next steps.
Major General James G. Harbord heads the first national meeting of the National Economy League in New York. Delegates from over 20 states discuss reducing government spends while projecting veteran payments could reach two billion dollars annually by 1945. Roosevelt and Hoover deadlines back budget clarity to voters.
In Winthrop Iowa on July 26 a rattlesnake four feet long with ten rattles was found under a dining room table after two days of mysterious noise caused by leaking fruit. Mr Zimmerly killed the reptile ending the disturbance.
Beverly Hills writer Will reports Senator Borah canceled debts broadcast on a radio show sponsored by a toothpaste company. The note of the action implies political nerve and the tension between personal loans and public statements, with a sharp dig at how nations coordinate tough decisions.
Senator Borah proposes a round table on economics and urges the United States to take the initiative in a conference linked to the Lausanne talks. He favors linking debt revision with disarmament and reparations cancellation, while officials note possible December debt payers’ discussions and armament reductions.
The United States Steel Corporation board declares a regular quarterly dividend of $1.75 a share on preferred stock. Common stock was removed from the dividend base three months ago. The market overall slipped after a five day boom despite attempts to rekindle buying. Trading volume held near 1.5 million shares with gains in low priced petroleum issues.
National guardsmen patrolled the county jail and troopers and county officers rounded up reputed union organizers after a clash at Clarksville coal fields. Bob Griffiths, pit boss of the Clarksville Coal Company mine, was beaten as non-union drive met resistance. Several arrests followed the late night operation amid preparations to reopen the mines.
Washington July 26 A clash over when veterans must leave government buildings loomed as the treasury pressed a crackdown on shelters. Nine men arrested after a White House picket faced arraignment while radical speakers urged protest. A compromise suggested evacuation within five to 30 days, but the treasury sought to proceed with the eviction deadline.
Fred Duesenberg 55 Indianapolis automobile manufacturer died of pneumonia from injuries suffered in a July 2 crash. A pioneer of the straight eight engine, he and brother August, with Harry Miller of Los Angeles, dominated racing and their cars led many entries in the Indianapolis 500.
Greta Garbo arrives from Hollywood and immediately hides in New York. She travels in a taxi to a Bronxville hotel wearing dark glasses and a tan coat, and is not seen again by film fans or the press.
National banks states and cities rush to obtain new currency and government loans under the Home Loan Act while the Reconstruction Finance Corporation reports a flood of requests for unemployment relief funds and treasury notes move toward issuance. Treasury officials note the new currency may mainly reduce bank debts to federal reserve banks rather than expand money in circulation.
Lomberton on July 26 Frank Pridgen a 70 year old farmer was beaten to death at Mc Donald near here during an argument over a Bible with Houston Williams. Williams fled after the beating and police pursued with bloodhounds. A coroner's jury was impaneled and Pridgen's wife testified Williams an employee of Pridgen struck him with brass knuckles during the dispute over a Scripture passage. Williams is held on second degree murder charges.
Andrew W. Mellon, back aboard the liner Majestic, denied reports he planned to resign as ambassador to Great Britain. He called the rumor “news to me mid summer news,” and said he would not stay long in New York. He refused to discuss the debt issue but said he remained in touch with affairs. He would not comment on the imperial conference in Ottawa.
In Paint Lick Kentucky the People's Bank was robbed of 2500 dollars. A lone, unseen bandit held up the bank during the day and fled in a car after locking three employees in a vault.
Eleven runs in the seventh inning sparked the Dodgers to a 12 to 6 win over the St. Louis Cardinals in the opening game of today's doubleheader.
Dean Van Landingham of Charlotte captured the medal in the Biltmore Forest Country Club women’s invitation golf tournament with an 84 over 18 holes of qualifying play at Asheville.
New York Giants beat the Pittsburgh Pirates 4 0 as Carl Hubbell scattered 11 hits and teammates Terry Lindstrom and Comor sky homered off three Pittsburgh pitchers.
Pittsburgh news wires report Jones and Laughlin Steel Corporation declared a dividend of 75 cents on preferred stock payable October 1 to stockholders of record September 13. The previous dividend was 1 dollar.
Ten prominent democrats are discussed as candidates for North Carolina state chairman. Everett Thompson and J Wallace Winborne head a list, with backing expected from Robert R. Reynolds and John C. B. Ehringhaus. Rumors of a split between Reynolds and Ehringhaus are denied as the executive committee meets August 9 to choose a leader.
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