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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 21, 1933
Page
1
Chinese military leaders blamed Japanese forces for a wave of bombings fires and disorders that caused panic in Tientsin and led to martial law. Authorities said Chinese gun men aided by Manchukuoan agents provoked the unrest, while Japanese planes dropped leaflets urging revolt.
Coffer of state treasuries totals over 13.5 million in beer taxes after legalization on April 7. Federal revenue from beer barrels reaches about 8.27 million. licenses and wine add further funds. States differ, with Maine legal June 30 and Nebraska August 10, while some states have not yet taxed beer. Cavernous totals include county and municipal fees and ongoing sales tax implementations.
The Piedmont Building and Loan Association announced the maturity of its 27th stock series totaling 149 900 dollars to shareholders. More than 50 000 dollars in cash will be paid immediately while about 100 000 dollars in mortgages and stock loans will be cancelled by the matured stock. Checks were distributed Saturday and more will go out as holders are reached.
"Wild Bill" Cummings topped qualifiers for the 500 mile classic with 118.421 mph on the brick track. He earlier hit 120.867 mph for 1 2 miles but a weak rear tire forced a stop. His pole position fate depends on tomorrow's final runs scheduling.
Joseph W. Harriman, 68, founder of the Harriman Bank, stabbed himself near the heart in a Long Island inn after leaving a nursing home. He was found by police in a daze, taken to Mineola hospital in not serious condition. A note of personal crisis and his mistaken identity in hats and garments were reported by Nassau County police. His son Alan was killed in a car crash near Roslyn.
Plans for the liquidation of the North Carolina Bank and Trust Company Page Trust Company and Independence Trust Company were approved by Commissioner Gurney P. Hood. Deposits totaling 19 782 898 78 will be liquidated with agents Smith Medlin S J Minsdale and W B Tyer named to oversee each bank and conservators to be appointed from bank personnel.
Congress moves toward mid June adjournment as the House and Senate pace hearings on the public works and tax bill. President Roosevelt weighs domestic and international priorities while the Glass bill faces debate and the Louderback impeachment inquiry continues.
Receiver John D. Biggs announced that checks totaling 601,852.06 are ready for distribution to depositors and creditors of the closed Commercial National Bank. The dividend amounts to 15 percent, the first since the bank closed 16 months ago.
The Ways and Means Committee will draft a tax program Monday to back a 3.3 billion dollar public works plan tied to the industrial control bill. Doughton said the aim is to raise 220 million dollars annually for interest and sinking fund on the bond issue. The panel will also consider an oil control bill by Francis Lonergan Marland and possible budget-driven tax changes including higher income taxes on corporations and dividends.
Geneva May 20 The Swiss foreign minister Giuseppe Motta urged clarity on how the United States would act in war or threat of war at the disarmament conference. He noted hope that American delegate Norman H Davis would address Washington's position next week and asked how the Kellogg pact could be strengthened by a consultative pact to define aggressors and end aggression.
In Charlotte on May 20 John Lewis Edwards a 17 year old Black youth was sentenced to die in the electric chair after being convicted of the first degree murder of J. W. Brown a street car motorman during a February 11 hold up. Featherstone Mendeman aged 16 was acquitted of first degree murder.
Chicago reports a broad upturn in early 1930s industrial indicators. Building expenditures rise 21.2 percent from March 15 to April 15 while wholesale prices edge up. Freight carloads and steel capacity climb in Cleveland and Gary. Cotton spinning nears full capacity with 95 percent. Residential construction east of the Rockies surges 36 percent in May.
Paris sources say France will likely default on the June 15 interest payment to the United States. Britain and other debtors may follow. Premier Daladier expects President Roosevelt to require the default be settled before any new agreement, and parliament is seen unlikely to pay either interest or principal.
T Guion Griffith defeated Sam Diggle one up in 19 holes to win the annual invitation golf tournament at the Charlotte Country Club on May 20.
President Roosevelt moves to mobilize nearly all levers of national life to maintain a steady upward economic swing. He plans enhanced government supervision of railroads and industry, public works, and a coordinated drive with agriculture and banking to raise wages, cut hours, and reduce surplus production.
In Rome on May 21 a two and a half hour secret session of Mussolini’s Fascist Grand Council ended with the body dismissed until Monday. The communique gave only that debate would resume at 10 pm, while reports floated that Italo German concessions on a four power peace pact had been sent to Britain and France awaiting replies.
Six Southern cities including Winston-Salem Columbia and Nashville seek the approaching quadrennial Methodist Episcopal South general conference. Delegates would be chosen by a committee with members P D Maddin Fred N Tate O P Clark R H Harper and B C Watson to press claims for the conference city exceptional.
Herbert Bowman of New York defeated Lorengo Nodarse, a top Cuban Davis cup player, to claim the Old Dominion championship in Richmond. Bowman earned permanent possession of the cup with his second trophy.
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