McReynolds Denies Nationalistic Tariff Policy At World Conference
Representative Sam D. McReynolds told the World Economic Conference committee that the United States seeks monetary stability and not nationalism. He backed tariff reform, blamed the 1930 act on Republicans, and asserted Congress would ratify any tariff agreement approved by the President. He urged global tariff reductions to stabilize markets and boost prosperity.
MENTIONED IN THIS ARTICLE
London
Sam D. McReynolds
World Economic Conference Today
United States
McReynolds
House of Representatives Foreign Affairs Committee
Roosevelt
Congress
Hickory Attorney Assaulted by Ball
Hickory attorney and solicitor Manley Whitener reported a black eye and skinned nose after an on street assault. Whitener provided his explanation of the injuries and the incident.
MENTIONED IN THIS ARTICLE
Hickory
Manley Whitener
City Recorder’s Court
Cut-throat banker competition questioned by Kahn before Senate
Otto H. Kahn of Kuhn Loeb testified to the Senate banking committee that cut-throat competition among American bankers for financing industrial enterprises should end as it harms the public. He cited a code guiding fair competition and presented Kuhn Loebs 1931 assets of 66 million dollars, with five-year asset totals showing declines and varying deposits.
MENTIONED IN THIS ARTICLE
Otto H. Kahn
New York
Senate Banking Committee
Kuhn, Loeb and Company
New York Banking House
Kahn
Prohibition Repeal Votes In West Virginia And California
West Virginia and California voted on prohibition repeal amid nationwide momentum. West Virginia, dry for 20 years, faced a pivotal vote with both wets and drys mobilizing. California moved to discard its prohibition law, joining 14 states approving repeal.
MENTIONED IN THIS ARTICLE
West Virginia
California
Little Mountain
West Coast
Prohibition
F. Scott McBride
Anti-Saloon League
United Repeal Council
New York State
Albany
Indiana
Massachusetts
Recovery Code Conference Opens In Washington
The Washington conference led by General Hugh S. Johnson aims to push a national recovery act through a textile industry code. Labor factions oppose minimum wage plans, child labor limits, and machine use issues as prices for wheat and cotton climb and grain suffers drought.
MENTIONED IN THIS ARTICLE
Congress
National Recovery Act
Washington
Hugh S. Johnson
South
Fairbanks Jr Shows Improvement After Illness
Douglas Fairbanks Jr. spent a comfortable night and seemed somewhat improved this morning at his mother Mrs. Jack Whiting's home. He is ill with lobar pneumonia, as reported in New York.
MENTIONED IN THIS ARTICLE
New York
Douglas Fairbanks, Jr
Jack Whiting
Fairbanks
Bracket System Will Be Tem porarily In Effect During July
North Carolina merchants hear Allen Maxwell push for a fair trial of the new sales tax. A 15 rule framework sets brackets for tax amounts and coupons for sub 10 cent sales, with interstate deliveries tax exempt. Maxwell says the levy starts July 1 and aims to withstand court challenges as a cooperative state program.
MENTIONED IN THIS ARTICLE
Winston-Salem
North Carolina Merchants Association
Allen J. Maxwell
State Revenue Commissioner
Maxwell
General Assembly
North Carolina
Detectives Guard Libby Holman Reynolds Estate
Chief Champlin says two private detectives guard the Watch Hill estate of Libby Holman Reynolds but no police guard is assigned. Detectives, from Delaware, sought firearms permits but cannot be issued as they are not state residents. One regular beat officer patrols Watch Hill. no special Rim Rock protection ordered.
MENTIONED IN THIS ARTICLE
Westerly
R. L
George J. Champlin
Watch Hill
Libby Holman Reynolds
Tim Rock
Atlantic
Libby
Champlin
Delaware
Rim Rock
Textile Industry Plans 100000 More Jobs Under Code
AP reports the textile industry aims to add 100000 jobs as part of the recovery program. George Sloan head of the textile institute and committee chair says 415000 workers are employed now and under a 40 hour week this could rise to 515000.
MENTIONED IN THIS ARTICLE
Washington
George Sloan
The
Textile Institute
Committee of
Textile Manufacturers
Heart
English Defeat U S Golfers Seals Ryder Cup Triumph
In Southport England Great Britain regained the Ryder Cup by 6 1 2 to 5 1 2 after two days of intense play. Syd Easterbrook clinched the victory by beating Densmore Shute 1 up over 36 holes as the final match ended with the outcome in doubt. The British won the foursomes yesterday 2 1 2 to 11 2 and split today’s eight singles.
MENTIONED IN THIS ARTICLE
Southpat
Eng
Great Britain
United States
Syd Easterbrook
Densmore Shute
Bank Buys Notes From Lexington and Burlington Issues
Raleigh June 27 The local government commission sold notes for the Durham board of education the city of Burlington and the city of Lexington. Durham's $55 000 note went to Fidelity Bank at par and 4.9 percent interest. Burlington notes priced at par with six percent and Lexington issued at par with six percent went to National Bank of Burlington and First National Bank of Thomasville respectively.
MENTIONED IN THIS ARTICLE
Raleigh
N. C
Local Government Commission Today
Durham Board of Education
City of
Burlington
Lexington
Durham
Fidelity Bank
National Bank of Burlington
First National Bank of
Thomasville
Graham Hill feud ends with Hill's resignation
Raleigh June 27 A long standing feud between Agriculture Commissioner W A Graham and George Watts Hill of Durham a board member and city councilor culminated in Hill's resignation Graham said he acted on a constitutional provision and Attorney General Brummitt agreed Hill claimed a formal resignation had sat with the governor since January Gov J C B Ebringhaus was not available to comment The board considered a state fair decision at its meeting
MENTIONED IN THIS ARTICLE
Atlanta
Virginia
Texas
United States
J. B. McDonald
Mississippi
Georgia
G. C. Adams
Louisiana
Tennessee
Alabama
North Carolina
South Carolina
Oklahoma
Charles G. Henry
Memphis
Raleigh
W. A. Graham
George Watts Hill
Durham
State Board of Agriculture
Graham
Hill
State Board
J. C. B. Ebringhaus
Legislative Reorganization Committee
Moleys Arrival At Conference Delayed Departure
Assistant Secretary Raymond Moley shifted plans and will sail to Plymouth aboard the Manhattan. The ship expected to reach Plymouth this evening and Moley to land in London late tonight as he joins talks on monetary tariff reform and a wheat reduction plan. British officials played down any immediate breakthrough amid expectations Moley could shift the conference focus toward Roosevelt’s economic recovery ideas.
MENTIONED IN THIS ARTICLE
Cobh
Irish Free State
Raymond Moley
London
Plymouth
Manhattan
Moley
Roosevelt
Moley absent. conference await Washington agenda
London reports that Raymond Moley’s arrival was postponed disrupting expectations of a grand appearance by air. The conference mood shifted to patient waiting as discussions continued in anticipation of Washington guidance.
Read on Hugh Johnson recovery act proposal
A Santa Monica reader comments on Hugh Johnson and his proposed recovery act, praising its idea of distributing gains to workers and stockholders while keeping existing factories. The writer contrasts Johnson with Bernard Baruch and criticizes the president for not recognizing the big policy shift.
MENTIONED IN THIS ARTICLE
Santa Monica
Calif
Hugh Johnson
Johnson
Barney Baruch
Will
Code for textile industry faces first court hearing
Witnesses describe wage differentials and shifts rules under a pioneering industry control law. George A. Sloan estimates 100000 workers and improved child labor safeguards, while Robert Amory cites two thirds support and calls for uniform treatment of all spindles amid objections from some manufacturers seeking exemptions.
MENTIONED IN THIS ARTICLE
Washington
Department of Commerce
George A. Sloan
Cotton Textile Institute
Robert Amory
Boston
North
South
Mattern Appeal Sought in Arctic Search Plan
Sponsors of the round the world flight announced in Chicago on June 27 their plan to appeal to speed flier Frank Hawks to lead a search for Jimmie Mattern in the Arctic.
MENTIONED IN THIS ARTICLE
Chicago
Jimmie Matternattern
Frank Hawks
Speed Flier
Arctic
Gold Standard Nations Plot British Aid To Stabilize Sterling
A secret meeting of central banks from France Switzerland Holland and Belgium agreed to pressure Britain to stabilize the pound and curb currency speculators. They plan a joint declaration by the Bank of England to discourage depreciation and to halt bear trades blamed for a fall in the Dutch guilder.
MENTIONED IN THIS ARTICLE
Europe
Melvin K. Whitleheather
London
France
Switzerland
Holland
Belgium
Great Britain
Geological Museum
Anak
Bank of England
England
Gold Bloc
Also Mentioned on This Page
America
Mountain State
Young Baby
U.S
Thomasville Bank
City of Lexington
Graham-Hill
Amberjack II
Pulpit Harbor
North Haven Island
Ce Oer
Campobello' Sland. N
Macon
Hugh
John
Johnson and Johnson
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