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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 04, 1933
Page
1
The Senate banking committee received broad power to investigate Reconstruction Finance Corporation loans. A Fletcher drafted resolution authorizes inquiry into operators of the relief agency and specific and any future loans amid several complaints about improper loans.
Washington reports Congress neared agreement on the farm bill as a conference committee formed and Roosevelt proposed a sweeping railroad reorganization plan. George Peek of Illinois emerged as likely chief administrator of the farm measure, guiding implementation and commodity councils.
New Farm Credit Administration governor designates a long range goal to establish regional cooperative credit associations and consolidate lending agencies. The plan, funded by bond sales, aims to provide all farm credit types beyond land loans and to create a national land use policy to avoid abandoned marginal lands.
Cooperative Farm Credit Associations plan to raise prices as part of a major policy shift. The discussed changes aim to lift price controls and expand credit programs, signaling a broad farm administration effort.
Prime Minister Ramsay MacDonald announced in the house that Britain favors the American tariff truce proposal with safeguards for Britain's special position. He said Washington talks with President Roosevelt contained no final agreements but were encouraging. The report also noted war debts were examined, with no full statement yet possible. Roosevelt meanwhile sent Congress an emergency bid to appoint a federal coordinator to oversee railroad reorganization.
The senate civil service committee unanimously approves Henry B. Mitchell of Montana and Lucille F. McMillin of Tennessee for the civil service commission. The president urges immediate repeal of the recapture clause and federal regulation of railway holding companies, plus a federal transportation coordinator to coordinate carriers and curb waste.
RALEIGH May 4 A new state bank liquidating bill approved by the banking department replaces local laws allowing sale of deposits in closed banks. State bank commissioner Gurney P Hood said the measure would supersede Buncombe county enactments and other bills affecting about a score of counties.
Raleigh May 4 The senate spent over three hours studying the biennial school machinery act and recessed for an afternoon session. Conferees Rankin Aiken Batley and Reps Coughton Cherry Moss Thomas and Ewing to meet tonight as the House and Senate weigh revisions. The measure would abolish the state board of equalization create a state school commission and redraw districts.
A report of a negro seen with a white girl in Mashpee sparked a Cape Cod manhunt for 10 year old Margaret McMath. State police added 36 troopers and examined a crumpled envelope for fingerprints while pursuing multiple leads on beaches and byways.
Gov J C B Ehringhaus distributed more than 490 certificates of attainment to North Carolina Adult night school students during the morning session of the state federation of women's clubs annual meeting. The civics department sponsors the night schools and a resolution urged legislative help to allow local units to supplement the eight month state fund where possible. Miss Adel aide of Winston Salem presented.
Mrs. William R. Kales, grandmother of 10 year old Vegzy McMath, makes a custody decision in Tryon. The ruling reflects a family dispute over guardianship and care arrangements.
Lillian Eloise Mitchell of Winston-Salem filed a 50000 damage suit in Chicago against Cleveland Indians first baseman Harley Boss alleging he attacked her at a Cleveland hotel party on April 19. Boss denies the molestation claim and Mitchell says she sustained a black eye, bruises, a broken tooth, and torn dress during the incident.
Yeggmen battered open safes of two insurance firms and took a third, netting about $3000 in Charlotte on May 14. The Life Insurance Company of Virginia on the 13th floor of the Independence building lost cash. the Pioneer Pyramid Life Insurance and Woodmen of the World offices were emptied of records and papers. The thefts were found when offices opened.
Eighty one reserve officers were ordered to active duty at army posts in the fourth corps area with the civilian conservation corps. Major General Edward L. King announced the names beginning today, joining 43 already called up. The list covers Fort Oglethorpe Fort Screven Fort Moultrie with officers appointed to postings in North and South Carolina and Georgia.
President Roosevelt to address the Chamber of Commerce of the United States outlining federal steps to speed industry and reduce unemployment. A Senate group led by Senator Wagner studies relaxing anti trust rules to allow trade associations to coordinate under supervision during the emergency. The plan ties to a two billion dollar public works bill and aims to cut idle labor as business leaders push self regulation. Dr. John W. Ross cautions London talks may broaden free trade and ease US Canada friction.
Charles Jackson of Columbia South Carolina emerges in informal circles as a leading candidate for deputy commissioner of fisheries, described as at the top of the list by local speculation.
The Washington Star reports Frank M. Hawks, the speed flier, is arranging a flight route through South and Central America and the West Indies.
New York May 4 AP bank clearings for the country last week totaled 4.5089 trillion dollars, up 665.1 billion from the prior week, but 15.6 percent below the same week in 1982.
President Roosevelt accepted an invitation to open Chicago's Century of Progress exposition on May 27. This marks a ceremonial start for the event and highlights federal support for the showcase of industrial achievement.
An American viewpoint says Britain and France do not fully back the US tariff truce plan after Prime Minister MacDonald's Commons statement on his Washington trip. The safeguards and reservations raised by each nation may hinder effective operation, with further reaction awaited in political circles.
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