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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

May 29, 1933

Page

1

Showdown in Probe Asked by Virginian

President Roosevelt urged the Senate banking committee to push the private banking inquiry without limit and backed Pecora. Rep Treadway defended Norman H. Davis amid calls to probe Woodin and Davis for bank favors.

Washington Roosevelt Senate Banking Committee J. P. Morgan and Company Ferdinand Pecora Potomac Woodin Morgan House Glass D-Va Pecora New York House of Representatives Representative Treadway Massachusetts Tinkham Congress Norman H. Davis Europe Morgan Treadway

Morgan Firm Earned Nearly Ten Million in 1930 31

Senate investigators reveal J P Morgan and company earned about 10 million dollars from sale and underwriting of securities in 1930 and 1931 while partners paid only 48000 in income tax. Figures cover 1927 to 1931 with 1932 not included.

Washington J. P. Morgan and Company Senate United States Banking Committee Morgan House Great Banking House Morgan Company Drexel and Company Philadelphia Morgan Pecora Congress House Vinson D-Ky Ways and Means Committee Morgan Partners Procter and Gambie

Pecora Defies Critics Of His Record Inquiry

Ferdinand Pecora, counsel for the Senate banking investigations, rejects critics while promising to broaden questioning of power interests and bankers. He says the inquiry will continue, with new figures from education and finance to be scrutinized, including topics like short selling and bond issues.

Daily News United States

Senate and House Pass Small Acts Move to Major Debates

The Senate and House approved several minor measures before turning to gold clause repeal and economic bills. The House passed a 3.2 beer sale bill for Oklahoma and sent it to the Senate, while the Senate endorsed a Wagner bill creating a national employment service and prepared to send it to the House. The half billion dollar independent offices appropriation bill, with veterans spending and added economy powers for Roosevelt, was debated in the Senate. The House debated Hawaii governance changes pending presidential action. Roosevelt pressed an inquiry into the House of Morgan and private bankers for unlimited investigation, with Morgan witnesses due Wednesday. The Senate finance panel heard oil producers Blalock and Elliott dispute federal oil control proposals in a revised public works measure.

Washington Senate House Oklahoma Independent Offices Roosevelt Hawaii Senate Banking Committee House of Morgan Morgan Senate Finance Committee Jack Blalock Marshall Texas John B. Elliott Los Angeles

Roosevelt backs Woodin and cabinet in crisis era

The article reports President Roosevelt intends to retain William H. Woodin at the treasury amid pressure for his ouster. Roosevelt aims to keep the full official family to manage wartime style economic controls while assessing the Morgan inquiry. Woodin said he has not resigned and expects to act in the emergency.

Secretary of Treasury William H. Woodin Congress Roosevelt Morgan Company Washington William 4H. Woodin Treasury J. P. Morgan and Company Mr. Woodin Potomac Woodin Morgan

Five Sunday Fatalities Reported in North Carolina

Charlotte May 29 A death by own action a probable murder an accidental fall and an automobile wreck caused five Sunday fatalities in North Carolina Sam Jones 25 of Buncombe County shot himself near his boarding house Herbert W Norman 35 World War I veteran was shot near Raleigh near railroad tracks Joe Tyson 25 Rockingham died after falling from a hotel window Flora Stutts 36 near Monroe and Cecil Radcliffe 16 months old Charlotte child died when a car left the road and hit a tree

Charlotte North Carolina Buncombe County Sam Jones Raleigh Herbert W. Norman Southern Railroad Piedmont Joe Tyson Rockingham South Tryon Street Tyson Henderson Flora Stutts Monroe Cecil Radcliffe

Kansas City Girl Released By Kidnappers After Roses

Kansas City police hunted two men who abducted city manager H. F. McElroy's daughter Mary, aged 25, from their home Saturday. She was released near Milburn golf club after a ransom of 30 000 dollars was paid by the father, who had earlier refused 60 000 dollars and met the abductors with his son to deliver the money. The daughter wore roses given by her captors as she was freed.

Kansas City Mary H. F. McElroy Mr. McElroy H. F. McElroy, Jr Kas Country Club Miss McElroy McElroy

Belton mill workers strike halts operations at textile plant

Four hundred daytime and about two hundred night shift workers walked off at the Belton mill in Belton South Carolina on May 29. L. J. Blake president of the mill said he did not know the cause of the strike and the mill has not given wage changes. He stated the company will discuss grievances with employees but not with outsiders. The plant operates over 50,000 spindles.

Belton 8. C Belton Mill L. J. Blake Blake

Lonsdale Mill in Seneca Ordered Closed After Walkout

The Lonsdale mill, a local textile plant in Seneca, was closed today by management after a small portion of its 400 day shift employees walked out and others discussed action. The mill normally employs about 200 additional night workers.

Seneca, 8. C Lonsdale Mill

Dallas Manufacturing to Hire 200 More Workers in Huntsville Mills

Pi-The Dallas Manufacturing company announced a plan to add 200 new operatives at its cotton mills in Huntsville Alabama on May 29. The expansion targets increased production capacity and employment in the local textile industry.

Huntsville Ala Dallas Manufacturing Company

Harriman Bank Trial Delayed Until Next Month

New York May 29 Hearing on Joseph W Harriman head of Harriman National Bank and Trust Company for alleged falsification of bank books was postponed today until next month officials said.

New York Joseph W. Harriman Harriman National Bank and Trust Company

Lobbyists Spent 6500 by American Tobacco in 1933 Session

The American Tobacco Company spent 6500 for lobbying during the 1933 North Carolina legislature. Of this, 6000 went to Brooks Parker and Holderness in Greensboro. Other groups filed reports showing payments to Raleigh and Durham attorneys and assorted expenses for state lobbying.

Raleigh American Tobacco Company North Carolina New York Wade Brooks, Parker and Holderness Greensboro North Carolina Bottlers Association J. E Duke Power Company Charlotte W. L. Long Roanope Rapids Norman A. Cocke Power Company North Carolina Laundry Owners Association J. M. Broughton North Carolina Truck Manufacturers Association Carolina Motor Club A. M. Huggins J. H. Monte North Carolina State Grange W. Kerr Scott Haw River

U S May Rent Cotton Acres Plan Outlined by Wallace

Secretary Wallace disclosed a possible plan to lease cotton land aiming to sustain prices at 10 to 12 cents per pound. He indicated a farm law program would be drafted after C A Cobb completes a southern survey. A public hearing on the farm law and the Chicago milk market trade pact is planned for next week.

Washington Wallace C. A. Cobb Atlanta South Chicago Ashington Brookhart Iowa Russia

Drexel Furniture Co. Books 1400 Suites on Opening Day

An order for 1 400 bedroom and dining room suites was booked by the Drexel Furniture Company of Drexel North Carolina on the opening day of the Jamestown Eve ning Journal reported the large order It looks as though the furniture men are definitely emerging from the low mood said Fred A Nelson president of the Jamestown Furniture Market association about the satisfactory business booked by exhibitors

Drexel Furniture Company Drexel N. C Jamestown Jamestown Evening Journal Fred A. Nelson Jamestown Furniture Market Association

George R. Miller Laid To Final Rest

Funeral services for George R. Miller a 72 year old Randolph County real estate operator were held Sunday at Archdale Methodist Church with Rev W T Albright officiating. He died at his Archdale home Friday night and was buried in Thomasville city cemetery. Survived by wife Mary and two daughters J R Perry and Ruth Miller, brother Ed Miller, and sisters Mrs Ed Millikan Mrs Alfred Kennedy and Mrs Pete Walker.

George R. Miller Randolph County Archdale

Gandhi ends three week fast by orange juice sip

In Poona India on May 29 Mahatma Gandhi broke his three week voluntary fast for the untouchables cause by sipping a glass of orange juice. He rested with a cup of yellow juice beside him, received by a crowd of 1560 supporters and reporters as he ended the fast at 12 40 pm.

Mahatma Gandhi Poona India Sarojini Raidu Madame Uaidu Mahatma

Barbecue Night For Wesley Memorial Men

The Peacock Bible class of Wesley Memorial Church announces a barbecue for the men Thursday at City Lake. Activities begin at 5 with a baseball game, followed by a 6 30 barbecue. Attendees should contact President G Bedford or the church office at 2228.

Wesley Memorial Church City Lake Peacock Bible G. Bedford Bedford

Sam F. Bunting Dies at 63 in Asheboro Home

Sam F. Bunting, 63, died early today at his Asheboro home after a stroke two weeks earlier. The funeral will be at 11 a.m. Tuesday from the Charlotte Methodist Protestant church four miles from Asheboro. Surviving are 11 children including Fred Bunting of High Point and others in Asheboro: Mrs. Travia Elliott, Calvin, Winifred, Clarence, Sam J., R., Charities, Worth, Hal, Mitt, and Mabel Bunting.

Asheboro Sam F. Bunting Charlotte Methodist Fred Bunting High Point Travia Elliott Colvin Winifred Clarence Sam J. R Charities Worth Hal, Mitt Mabel Bunting

Also Mentioned on This Page

Clairtan Caan Gill Mbhianta Ta NVA Sh ACT By Nathan Robertson Associated Press Nathan Robertson Inquisitor J. P. Morgan Michigan Riverside Drive Cnange Starr Ur Will Rogers Brisbane Walter Winchell Amon Carter Wilk Chief By Francis Stephenson Arms In Neaer S.C Seneca Bill L. Johnson Statesville U.S Drexel Furn. Co Gandhi Men of Wesley Memorial
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