North Carolina Sees Signs of Economic Recovery
June reports show state and federal tax collections rising, auto sales increasing, and tobacco and textile production up. May tax receipts more than doubled 1922 levels, and federal internal revenue climbs reflect growing consumer activity. Highway traffic and bridge tolls indicate broader business revival as Governor Ehringhaus reports success in refinancing state notes.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
William Grissom
A. J. Maxwell
E. B. Jeffress
State Highway Commission
Cape Fear River
Wilmington
Federal Reserve Bank of
Richmond
Federal Reserve
W. W. Neal
Marion
McDowell County
J. C. B. Ehringhaus
New York
Mattern Opens World Flight From Brooklyn Bound for Paris
Jimmie Mattern in the Century of Progress monoplane lifted from Floyd Bennett field at 4 20 am and headed toward Newfoundland in a solo bid to set a new world circumnavigation pace. He planned a Paris stop within 27 hours, then Moscow and Berlin, while weather along the Irish coast challenged progress and officials watched along the seaboard.
MENTIONED IN THIS ARTICLE
B. R. H. Eaenes
Associated Press
New York
Jimmie Mattern
Newfoundland
Century of Progress
Floyd Bennett Field
Brooklyn
Texas
Lewisport
N. F
Mattern
Musgrove Harbor
Wadham Islands
Harbor Grace
Atlantic
Wiley Post
Harold Gatty
Paris
Moscow
Templehof
Berlin
Ireland
Clare
East Atlantic Coast
Trish
San Angelo
Bennett Griffin
Griffin
Market Downturn Dampens New York Stocks
Market turnover topped 3.5 million shares as traders booked profits after Friday’s advance. Major losses hit many leading issues with U S Steel, American Telephone, General Motors, and Dupont among notable decliners. Several rail and industrials joined the slide while grains and cotton also weakened on farm relief and acreage uncertainty.
MENTIONED IN THIS ARTICLE
New York
Washington
National Capital
U. S&. Steel Common
American Telephone
American Can
International Harvester
General Motors
Santa Fe Railway
Union Pacific
Consolidated Gas Wi
American Tobacco
Dupont
J. I. Case
Durham Bankers Sentenced to Two-Year Terms
Baxter G. Proctor former cashier and Eric Copeland former assistant cashier of the First National Bank of Durham were sentenced by Judge Johnson J. Hayes to two years each in the Atlanta federal prison for embezzlement and false entries. They must report June 9 and were released on $5,000 bonds. The bank closed in January 1932.
MENTIONED IN THIS ARTICLE
Durham
Baxter G. Proctor
Eric Copeland
First National Bank of Durham
Johnson J. Hayes
Atlanta
Proctor
Copeland
United States Marshal
Raleigh
Boney Re-Elected To National Board And Officers
CHICAGO June 3. Ser field W Brown of Minnesota was re-elected president as the National Insurance commissioners closed their convention today. A committee led by George J Van Sechaick of New York was formed to set a standard for evaluating insurance company securities in 1933. Other officers chosen for another term included Daniel C Boney of South Carolina as first vice president.
MENTIONED IN THIS ARTICLE
Chicago
Serfield W. Brown
Minnesota
National Insurance Commissioners
George 3. van Sechaick
New York
Daniel C. Boney
Carolina
Presient
Excommunication of Spanish Officials by Pope Pius
Pope Pius declares automatic excommunication of Spain’s Republican leaders including President Niceto Alcala Zamora after an encyclical condemning eight charges against church state relations. The Vatican warns against secular reforms while urging Spaniards to resist anti religious laws.
MENTIONED IN THIS ARTICLE
Andrue Berding
A. P
Vatican City
Niceto Alcala Zamora
Spain
Madrid
Spanish Republic
Jesus Christ
Orn “Ent
Ufe'ong Catholic
Alcala Zamora
Congress
Constitu
Gold Clause Act Sent to President to Replace Gold
The Senate voted 48 to 20 to remove gold payment requirements from all contracts, allowing settlement in legal tender. The measure, already passed by the House, awaits Vice President Garner and Speaker Rainey signatures before going to the White House amid debate over repudiation and monetary regulation.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Garner
Rainey
White House
Congress
Pennsylvania
Reed
Borah
Idaho
U S Plans $1 2 Million For NC CCC Camps
Central North Carolina will host 11 civilian conservation corps private land camps over six months with federal spending around 1.2 million dollars. Col J W Harrelson, state conservation chief, cites daily camp costs above three dollars per man covering transportation camp setup upkeep wages and other expenses.
MENTIONED IN THIS ARTICLE
Raleigh
Civilian Conservation Corps
Piedmont
North Carolina
J. W. Harrelson
Department of Conservation and Development
Democratic Leaders Await Repeal Appeal From President
Democratic leaders expect President Roosevelt to appeal directly to states to ratify repeal of the prohibition amendment. With seven states already lined up and more votes upcoming, they anticipate his personal outreach alongside Farley, as pressure grows in Indiana Illinois and southern states ahead of July votes. Prohibition factions map strategy amid tax and revenue shifts tied to repeal.
MENTIONED IN THIS ARTICLE
James P. Selvage
Associated Press
Washington
Roosevelt
National Committee
James A. Farley
Illinois
Indiana
F. Scott McBride
Anti- Saloon League
James Cannon, Jr
Methodist Episcopal Church
Visitors Barred From Power House At Muscle Shoals
Major General Lytle Brown ordered that only known individuals be admitted to the Muscle Shoals power house in Alabama amid reports of possible sabotage. He stressed no sabotage had yet occurred but strong protective steps were needed to guard the government’s $150,000,000 facility.
MENTIONED IN THIS ARTICLE
Washington
Muscle Shoals
Ala
Lytle Brown
Army Engineers
Brown
Charlotte Reports Business Increases
Charlotte May business shows sharp gains with mercantile firms reporting very substantial increases. Passenger railroad traffic improved and employment rose, per The Observer’s canvass of local lines of business conducted in June.
MENTIONED IN THIS ARTICLE
Charlotte
the Observer
Seven Gunmen Rob Two Banks In Cullom Illinois
Seven gunmen robbed two Cullom banks simultaneously in the town, wounded two residents, and fled with about 5000 dollars. They kidnapped two bank employees, released them miles from town as vigilantes gathered and fired, and escaped in two cars. One wounded victim, Doris Coash, was in serious condition.
MENTIONED IN THIS ARTICLE
Cullom
Doris Coash
Farmers State Bank
First National
W. J. Kiley
J. W. Sherer
Guns Take Trio Lives In State
In Asheville area two shootings claimed three lives. Dr T W Deyton, 38, shot his wife and then killed himself. W T Whitten, 31, cafe operator, died after an argument involving taxi men in Hot Springs. Russell, 35, a taxi driver, faced charges.
MENTIONED IN THIS ARTICLE
Asheville
W. T. Whitten
T. W. Deyton
Deyton
Spruce Pine
Whitten
Hot Springs
T. A. Russell
Gastonia
Russell
A. E. Gouge
Bakersville
T. W
Wendall
Jack
Marshall
Spring Creek
Senate weighs limits on industrial control after Morgan probe
Senate banking committee studies curbs on concentration of industry and finance following J P Morgan and Company disclosures. Pecora plans a comprehensive report with potential legislation while four Morgan United Corporation utilities accounted for 16.5 percent of national earnings.
MENTIONED IN THIS ARTICLE
Washington
Senate Banking Committee
J. P. Morgan and Company
Fletcher
Ferdinand Pecora
Morgan Power
Pecora
Morgan
United Corporation
Com
South
Public Soc
N. J
Gas Im. Co
Niag. Hud. Pwr. Co
Thomas S. Lamont
William Ewing
Harold Stanley
John W. Davis
Kidnapers Admit Plot in McElroy Case
Walter McGee and Clarence Flick confessed the Miss Mary McElroy kidnapping in Kansas City as a federal grand jury indicted eight on the plot. McGee, a former Oregon convict, shook hands with City Manager H F McElroy after his admission while Miss McElroy received the ransom without apparent harm.
MENTIONED IN THIS ARTICLE
Kansas City
Walter McGee
Oregon
Clarence Flick
Mary McElroy
H. F. McElroy
Amarillo
Tex
Thomas J. Higgins
McGee
Clarence Stevens
McElroy
Kansas Road
Stevens
Henry F. McElroy, Jr
Ments
Clarence Click
Clarence
Also Mentioned on This Page
U. S
Paul H. Barkley
World
Boney
National Board
Pope Pius
California
Richfield
Signal Hill
Long Beach
Call
Power House
John D. Raboin
Howard
National Bank
Riley
Scherer
Orvil Ross
State
Senate Investigation Committee
Nathan Robertson
Miss McElroy
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