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This newspaper page contains 22 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 16, 1932
Page
4
A biblical reflection cites Ezekiel 3 19 warning that saving others from their sin fails if the wicked refuse to reform. The text notes people enjoy power yet dislike being told their dull burden and moral duty.
The article argues that the value of debt and dollar stability are hard to measure when bonds trade at discounts. It notes municipal bonds at 52 hold discounted value while debt owners refuse to concede less than face value. It explains that regulating dollar value against commodities eases conditions as incomes and assets fall in value.
Henry Ford dismisses national political conventions as private sessions of politicians. He argues the money system is flawed but asserts there is nothing wrong with the country today, a view likely to jar with a unemployed reader in a park paper.
Gas ton B Means was sentenced to fifteen years in the District of Columbia for swindling Mrs. Edward Beale McLean of 104000 in a bogus scheme claiming to return the kidnapped Lindbergh baby. Justice James M Proctor oversaw the case amid public outrage over the defendant's fraud and tactics.
Bruce Catton argues that census data from 1920 to 1930 show a declining birth rate with fewer children under age five, signaling a possible future stagnation or slight decline in U.S. population as immigration remains low and growth slows. This shift would affect national life and industry.
A courtroom remark on the Lindbergh case notes the defendant exploited both humanity and evil in a famous kidnapping. The judge remarks the verdict shows both uplifting and dark sides of human nature, with the suspect bearing some fault for prior crimes and clever evasion of longer punishment.
J P Bowles of the Alexander Hamilton Institute argues that asset depreciation and reporting choices can inflate apparent earnings. He explains two paths for declining plant value and notes most firms have not written down assets, masking weaker earnings and overstated wealth, with potential dividend implications.
Nye committee reports show almost $6,000,000 recovered from Continental Trading Co and related cases. Agencies collected $3,600,000 from Henry M. Blackmer for evaded income taxes, over $1,300,000 from an unnamed man, and $600,600 from Continental principals, with total cost to taxpayers under $26,000.
The piece predicts a lasting shift in the domestic market with cities stopping steady growth and land values stabilizing or declining. It argues speculators can no longer profit by hoarding farmland near expanding cities as the boom ends and business must adjust to a new, slower era.
A prominent London economist calls the current moment an amazing opportunity with expected security value rises of up to 300 percent in a few years. London papers foresee English capital shifting to the United States, while the judge verdict on a woman's coat sets a $50 price as ridiculous, with women reportedly paying at least $75.
The report claims Al Capone’s famous scar will disappear when he leaves Atlanta, suggesting time heals all wounds and confirming the idea that time is the great healer.
The telephone company warns that slamming the receiver may cause trouble. The caution notes it especially applies when the man slamming the phone is talking to his wife.
The piece notes congressional friction over economic policy and implies strain in federal spending and budgeting efforts. It suggests the government faces challenges aligning legislation with fiscal goals and managing wasteful programs.
The article notes Hoover denouncing the Garner relief program as pork while acknowledging that many people might welcome such pork-like spending. It reflects political rhetoric and public sentiment around relief policy.
The piece argues that politicians quickly back repeal of the Eighteenth Amendment for self gain, with no real plan for replacement. It warns of demagoguery and calls for honest statesmanship to avert a drift toward populist rhetoric and corruption.
Mills Home baseball team defeated Thomas Mills 5 to 3 at Willis Park. Clary and Motsinger pitched well for Mills Home while Cagle struggled on the mound for Sockmen. Tomas Mills visits Troy Friday at 8:30 and Albemarle Saturday at 8:30. Lineups and summary noted.
In Greenville North Carolina June 16 the Myers Park club of Charlotte and the Spartanburg country club of South Carolina share top honors in the Carolina inter city golf league after the second tournament. Myers Park scored 25 1 2 points to win the event defeating five other teams while Greenville finished second with 23 1 2 points and Spartanburg third with 23. Asheville held fourth with five points Anderson fifth with three Hillandale Greenville substituted for Waynesville with one point.
Yesterday's games featured Pinky Whitney of the Phillies homering with the bases loaded against the Cardinals. Babe Herman of the Reds homered and collected a triple and double against his former Brooklyn teammates. Wes Ferrell of the Indians earned his 12th win by topping Boston, keeping pace with Grove and Gomez. Bob Seeds of the White Sox delivered a pinch triple in the eighth to spark a rally and defeat the Yankees.
Raleigh June 16 The University consolidation commission faces criticism over its cautious approach and lack of drastic recommendations especially on the two Schools of Engineering. Supporters at UNC fear transfer to State College, while State College officials prefer retaining their own engineering department and oppose a joint consolidated engineering school.
The Consolidation Commission opts not to modify the Engineering Schools at State College or at Chapel Hill, citing physical constraints and equipment needs. An eight member executive committee and the incoming Chancellor will study the issue with final recommendations likely not before 1934 or 1935.
Rodney Dutcher reports a depressed GOP convention in Chicago with low cash, reduced keynote speech length, and concerns over prohibition planks. The piece notes ticket prices, decoration costs, hotel cancellations, and a shift toward a less festive atmosphere as Hoover era leadership shapes the party line.
A conference committee deadlock over President Hoover's payroll cut plan holds up Congress as it nears adjournment. House conferees demand flat pay cuts while senators seek new instructions. The draft continues with the bonus bill, navy funds, farm relief, and a proposed 500 million public works bond in play.
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