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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 30, 1933
Page
4
A compact meditation contrasts steadfast faith with practical thought. It cites Psalms 37 25 about the righteous not being forsaken and a Herbert Spencer reflection on moral action aligning with straightness in lines.
The High Point city council weighs a debt adjustment plan to address nearly twelve million dollars in defaulted obligations. The plan offers interest at 3.5 percent, refunding and exchanging bonds, and a staged rate rise, contingent on creditor acceptance and possible federal court intervention.
The discussion centers on a proposed city plan to adjust debt, noting its primary flaw the lack of principal payments. It would delay serial bond amortization for five years and push note payments forward, seeking lightened load now with conditions improving later. The public is urged to weigh the plan against the city’s actual fiscal state and act promptly.
North Carolina politician Angus Dhu MacLean of Washington Beaufort county is named assistant solicitor general of the United States. The move vacates his state senate seat and could end his leadership role in the North Carolina General Assembly for years.
Gilliam Grissom, North Carolina internal revenue collector, retires after nearly three full terms. He thanks local press and taxpayers for cooperation, cites economy in tax collection and tobacco stamp taxes, notes district’s low cost per hundred dollars, and asks for continued courtesy to successor Charles H. Robertson of Hillsboro.
Hy Bruce Catton reports on a Japanese emperor statement to Roy Howard urging unbroken peaceful friendship between the United States and Japan. The piece notes rare positive steps toward friendly terms amid drift toward possible conflict and Navy officers’ wary outlook.
The piece argues that war between America and Japan would harm both economies by destroying mutual trade gains. It notes the value of the commercial bond, cites Count Uchida and Lindbergh, and contrasts US Spain tax cases with Spanish methods. It discusses low cost farm relief and wheat taxes as a path to aid farmers without raising bread prices.
Senator J Ham Jewis predicts the London conference will fail and jokes about shaving his famous whiskers, signaling a possible change in public posture as negotiations stall.
The article notes sunburn season as beaches face peeling of belles amid summer heat and crowd noise.
A Wisconsin girl reportedly fried an eye of the sidewalk in front of a bank. The stunt sparked curiosity about heat effects on nearby trosen assets inside the building.
Army rushes a 135 million program for barracks, officers’ quarters and roads after Navy claims 239 million of the 3.3 billion public works bond issue for naval ship construction. Interior public works board to study Woodring request amid economy concerns. Roosevelt-era tensions rise between Hugh Johnson and Dan Roper over control of industry and staffing in the recovery administration. Johnson asserts decisiveness while resisting outside code influence and quips bluntly at coal industry officials.
Today at the Community Exchange, 387 North Wrenn Street, several notices list housing and work requests. Listings include room seekers, a furnace man, and colored women for room, board, or housework with weekly pay.
W Taylor White 45 died at his sister’s home in Jersey Shore Pa after a paralytic stroke following months of illness. Former Carthage N C resident, he worked as a superintendent for Union Furniture in Carthage and was a longtime cabinet foreman in High Point. Survived by widow, son Clyde, four sisters and two brothers. Funeral plans not yet set, likely Sunday at Mt Lebanon church in Randleman.
The Triangle minstrel players give a special entertainment for the Industrial Workers Association at 124 1 2 North Main Street tonight at 7 30 PM. Admission is free.
In 1929 discussions led to a merger of the American Exchange Bank Atlantic Bank Greensboro Citizens Bank Raleigh and Murchison Bank Wilmington to form a single state wide bank. Executives including ex Governor McLean William Ryland and I B Grainger planned asset valuation capital needs and a reduced operating structure with one executive officer on the board.
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