Upward Shift in Construction Sparks Business Optimism
The Labor Department reports a sharp rise in building construction activity and higher wholesale prices for April 15, with 21.2 percent higher construction expenditures vs March 15. New residential and non residential blocks show large year over year gains, while wholesale prices and retail food costs edge modestly higher and lower respectively.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Woodin and
Perkins
Advisory Council of
The
Federal Reserve Board
North Carolina banks plan state wide merger and liquidation
Gurney P. Hood announced formal approval of merging the North Carolina Bank and Trust Company Page Trust Company and Independence Trust Company of Charlotte to form a new state wide bank. The three banks will be placed in liquidation with double liability for stockholders and an orderly wind down by four depositors, two stockholders and a Reconstruction Finance Corporation representative. Initial capital and surplus set at 1.5 million dollars.
MENTIONED IN THIS ARTICLE
Raleigh
Gurney P. Hood
North Carolina Bank and Trust Company
Page Trust Company
Independence Trust Company of
Charlotte
Hood
Kenneth Royall
Gov. J. C
Independence
Reconstruction Finance Corporation
Ank
United Bank and Trust Company of
Greensboro
Solidarity of all continents urged at Geneva disarmament talks
The Geneva disarmament conference invited United States participation as Dr. Giuseppe Motta urged a continent wide solidarity and an American pledge to back a consultative pact reinforcing the Kellogg pact. Norman H. Davis prepared a speech while the U S delegation delayed its views amid hopes for a broader agreement.
MENTIONED IN THIS ARTICLE
Geneva
Roosevelt
Hitler
Germany
United States
Giuseppe Motta
Switzerland
Dr. Motta
Holland
Finland
Denmark
Norman H. Davis
Beer Revenue Nets U S Nine Million
Washington May 20 AP Legalization of beer brought 9,130,687 into the government tills during last April. The 85 a barrel tax netted 8,260,052, licenses 8869, Lit and 3.2 wine tax 8824. The tax collections were for only 23 days from April 7 when the new brew became legal. If the trend continues at the same rate the yearly total would near 2350000000.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Deb Nt
Higher Income And Gas Taxes Face Public Works Bill
The Ways and Means Committee leans toward higher income and gas taxes to fund a 3.3 billion public works bond issue. A stock dividends levy is also planned to support the program with possible repeal if Prohibition ends. Automatic tax rollbacks depend on repeal timelines and presidential action.
MENTIONED IN THIS ARTICLE
Cecil B. Dickson
Washington
House
Ways and Means Committee
Roosevelt
Congress
Emperor Hirohito Sends Message to Roosevelt on Peace Appeal
Tokyo May 20 The Emperor Hirohito sent a brief personal message to President Roosevelt thanking him for a worldwide peace appeal and stating the communication would be transmitted to his government for earnest consideration. Indications point to a cautious reply next week with possible in principle acceptance but strong reservations.
MENTIONED IN THIS ARTICLE
Tokyo
Hirohito
Roosevelt
Roosevelt Message Stuns Tokyo Officials
Tokyo officials expressed amazement over President Roosevelt's message addressed to Emperor Hirohito. A foreign ministry spokesman said the emperor does not usually communicate directly with heads of other states on political matters.
MENTIONED IN THIS ARTICLE
Tokyo
Roosevelt
Hirohito
Foreign Office
Hit On Knees Suit Filed By Woman
Mrs. Myrtle Stubble sues her former employer Mrs. Mary A. Cruger of Miami for 10000 damages claiming Cruger struck her Across the knees with a yardstick after she crossed her knees while seated. Stubble says she required hospital treatment for nervousness following the incident.
MENTIONED IN THIS ARTICLE
Miami
Fila
Myrtle Stubble
Mary A. Cruger
Stubble
Cruger
Parker Shot After Dragging From Auto in Chicago
Police identified Frank J. Parker a former Canadian distillery owner as the wounded man. Three assailants dragged him from his car in Chicago and shot him early today. He was taken to a suburban Evanston hospital for treatment.
MENTIONED IN THIS ARTICLE
Prank Parker
Chicago
Frank J. Parker
Evanston
Baptists Praise and Criticize Roosevelt in White House Visit
A Southern Baptist delegation visited the White House to commend President Roosevelt for his anti war stance and oppose repeal of the 18th amendment. They pledged support for relief to unemployed workers and church services for forestry camps. The convention also highlighted financing for foreign missions and noted long time attendees James Lomax Frazier and J M Hilliard.
MENTIONED IN THIS ARTICLE
Washington
White House
Roosevelt
M. E. Dodd
Shreveport
Julian Yates
Army Chaplains
James Lomax Frazier
Fort Worth
Texas
J. M. Hilliard
High Point
SN. C
Baptists reject plan to consolidate seminaries and boards
The Southern Baptist convention in Washington on May 20 voted against Virginia Baptists’ recommendation to consolidate the three theological seminaries in Louisville Fort Worth and New Orleans and to merge the home and foreign missionary boards. It urged pastors to shift funds locally while noting the good work of existing agencies and set a study on next meeting site with Fort Worth as a leading bid.
MENTIONED IN THIS ARTICLE
Washington
Southern Baptist Convention Today
Virginia Baptists
Louisville
Fort Worth
New Orleans
Texas
W. D. Upshaw
Prohibition
Sunday School Board
Asheville
Dr. van Ness
Upshaw
Musician Rosenthalithgets life marries victim's daughter
In Little Rock Arkansas a musician Leroy Rosenthal was sentenced to life in prison for the killing of 62 year old William Hancock during a quarrel at his home last month. Wanda Marler 27 Hancock's daughter was wounded in the foot by a stray bullet and testified at trial. A justice of the peace officiated the marriage to Rosenthal after he was brought to court. he was then escorted to the county jail for transport to the state penitentiary.
MENTIONED IN THIS ARTICLE
Little Rock
Ark
Leroy Rosenthamworth
William E. Hancock
Hancock
Wanda Marler
Rosenthal
Justice of the Peace
Lawmakers Prioritize Glass-Steagall Bill Amid Impeachment Focus
Washington lawmakers push Glass-Steagall banking legislation for early passage while Senate clears Louderback impeachment. President Roosevelt urges action on oil industry regulation. House Ways and Means advances public works tax plans for a $2.3 billion bond program with higher taxes anticipated. Senate Finance to open hearings Monday for mortgage refinancing bill already passed by the House.
MENTIONED IN THIS ARTICLE
Washington
Ana
Steagall Ba
Roosevelt
Interior Department
Marland
Democrat
Oklahoma
Ways and Means
Public Works
Senate
Finance
House
Bolivia rejects League proposals on Chaco dispute
Geneva May 20 Bolivia rejected recommendations by the council of the League of Nations for settling the dispute with Paraguay over the Chaco territory.
MENTIONED IN THIS ARTICLE
Geneva
Switzerland
Bolivia
Council of the
League of Nations
Paraguay
Chaco
Navy to Dismiss Officers in Navy Economy Plan
The Navy plans to dismiss between 500 and 800 officers as part of an economy program. A special committee led by Assistant Secretary Roosevelt is finalizing the details, with a reduction in enlisted personnel from 29,000 to 77,06 anticipated.
MENTIONED IN THIS ARTICLE
Washington
Navy
Roosevelt
Lumpkin in critical condition after health scare at hospital
Greensboro memorial report states Morris Lumpkin former commander of the South Carolina department American Legion is in critical condition at a nearby hospital. Five physicians were called in consultation this morning to assess his case.
MENTIONED IN THIS ARTICLE
Greensboro
Morris
Lumpkin
South Carolina
Department, American Legion
Here
Roosevelt Leads Quiet Bonus Army Parade in Washington
In Washington on May 19 Roosevelt commands a disciplined, peaceful parade as he feeds and addresses the bonus army. Carter Glass speaks in the senate on a new bank bill promising deposit protection and banker accountability while curbing rackets and holding companies.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Carter Glass
America
Senate
Navy plans cutbacks and costs in next year budget
The text notes a ten percent slash in civilian employees bringing the total to 2,100. Navy officer strength stands at about 5,500. The economy plan aims to save $56,000,000 in operating expenses next year while allocating $46,000,600 for construction of new ships under the public works program.
MENTIONED IN THIS ARTICLE
Navy
France Also To Default Its June Debt Payment
Paris reports indicate France will default on the June 15 debt payment to the United States. Premier Daladier and government aides expect Roosevelt to press France to pay the December interest first, while foreseeing eventual principal payment as the June date nears.
MENTIONED IN THIS ARTICLE
France
Paris
United States
Daladier
Roosevelt
Oil industry Protest Against Federal Gasoline Tax Increase
Protests to the House Ways and Means Committee during hearings on the Revenue section of the Public Works Industry Recovery Bill. Fayette P. Dow of Washington for the American Petroleum Institute and National Petroleum Association argues against a 0.75 cent per gallon gas tax, proposing a nationwide sales tax instead and uniform federal-state tax distribution. He cites high taxes in many states and questions the impact on consumption. A. M. Loomis of the National Dairy Union opposes the tax increases and supports the farm relief bill processing tax. Rep. McCormack asks Loomis about farm relief support.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means Committee
Fayette P. Dow
American Petroleum Institute
National Petroleum Association
Dow
United States
A. M. Loomis
National Dairy Union
McCormack
D. Mass
Loomis
Wage Increase Reported at Lexington Rayon Mill
Lexington May 20 An indicated improvement in local manufacturing follows with a five percent wage rise for all employees at the rayon mill affiliated with Burlington silk mills. The plant recently started a 14 hour schedule with three eight hour shifts as other factories also expand. Construction on the Hoover Chair plant resumed after a recent fire and is nearing completion within about four weeks.
MENTIONED IN THIS ARTICLE
Lexington
Rayon
Burlington Silk Mills
Lexington Lant
United Furniture Factory
Hoover
Japanese Planes Threaten Peiping Over Chinese City
Peiping, May 20. Eleven Japanese bombing planes flew over the city in 5 3 3 formation at 9 15 a m, looming low enough to show missiles but dropped no bombs. Civilians sought cover as the planes roared by, possibly provoking anti airfire while the jets climbed to 6000 feet.
MENTIONED IN THIS ARTICLE
Peiping
North China War Zone
Mills Raise Wages in Rutherfordton
The Henrietta mills increased wages this week from 10 to 12.5 percent for 600 employees in Rutherfordton.
MENTIONED IN THIS ARTICLE
Rutherfordton
Henrietta
State convention to draw 75 to 100 American War Mothers delegates
Delegates numbering between 75 and 100 are expected to attend the state convention of the American War Mothers in Concord on Tuesday and Wednesday. The event gathers members from the organization, focusing on veteran family support and patriotic activities.
MENTIONED IN THIS ARTICLE
Concord
Los Angeles driver tops 500 Mile race qualifying at Indy
Ernie Triplett of Los Angeles led qualifying for the Indianapolis 500 with a 25 mile run at an average speed of 117.658 mph, ahead of the May 30 race date.
MENTIONED IN THIS ARTICLE
Indianapolis
Ernie Triplett
Los Angeles
Indianapolis Motor Speedway
Harriman May Seek Death By Own Action Over Son's Grave
New York banker Joseph W. Harriman, missing since yesterday, was found at Old Orchard Inn Roslyn New York. Authorities guard the Locust Valley cemetery grave where he hoped to die beside his late son and linked notes suggest self destruction.
MENTIONED IN THIS ARTICLE
New York
John Sullivan
New York Police
Nassau County Police
Joseph W. Harriman
Old Orchard Inn
Roslyn
N. Y
Herriman National Bank and Trust Company
Georges
Leisure
Harriman
Joseph W. Harriman, Jr
Locust Valley Cemetery
Long Island
New York American
Also Mentioned on This Page
Norman Davis
North Carolina Bank & Trust
Page Trust
Independence Trust
U.S
Republican
Democratic Committee
U. S
Baptists
Virginia Assembly
Mount Everest
Hope Meres Bae
F. P. Dow
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