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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 04, 1953
Page
3
William Davis of Seven Springs faced arraignment before U S Commissioner Eva Young in Wilson charged as the third man in the August 28 Garner bank robbery. FBI said Davis was arrested near Kinston and jailed in Wilson County. The Garner bank was robbed of 12498 with three men also tied up customers and staff.
Washington Robert C Greenlease may deduct about 300000 dollars in ransom money paid for his sons kidnapping if the loss is ruled deductible by the Internal Revenue Bureau. Officials say a decision hinges on recovery prospects and insurance coverage. If not recovered, the deduction could yield about 252000 dollars in tax savings for a 300000 dollar income after allowances and other deductions. If any portion is later recovered, taxes would be owed on that amount.
North American Aviation and the CIO United Auto Workers plan to resume talks tonight after a walkout over wage demands begun October 23. The union of more than 30,000 workers across Los Angeles Columbus and Fresno seeks 26 cents an hour, while the company offers a 4 percent base raise plus top grade boosts and fringe benefits. Wages at North American range from 1.42 to 2.32 dollars per hour. Separate talks have been held with U.S. Mediator John Fenton. North American builds the F86 Sabre jet and the F100 Super Sabre.
In Baltimore, Ann H Uhlar sues Lloyds of London and Oakeley Vaughan Johnston to destroy her three year old colt Ann's Love and to pay a $20,000 life policy. A veterinarian called the horse hopeless and the suit cites lack of effective treatment.
Eastern Belt prices held steady for flue cured tobacco while Middle and Old Belts slipped. Greenville and Kinston markets announce Friday closings. Northern and Old Belt sales showed lighter volume with declines mostly $1 to $4 per hundred. total pounds sold reached 4,007,750 ads in Virginia Old Belt and 3,116,320 pounds in North Carolina Old Belt at averages around $46 and $44.51 respectively.
Perryopolis in Southwestern Pennsylvania, newly chartered as a borough, held its first election naming Russell Blair, a Republican, burgess by a 45 vote margin over Dr. William Vernon. All seven councilmen three school directors and a tax collector are Democrats. The town inherited 1% million dollars from Mrs. Mary Fuller Frazier for civic improvements.
Raleigh report notes Joan Coltrain 17 of Williamston named state winner of the Farm and Home Electric project at a two day 4H Electric Congress awards luncheon. She earns a trip to the 4H Club Congress in Chicago funded by the Westinghouse Foundation which also donated a Halifax County plaque for best county promotion of farm and home electricity.
Raleigh reports the State Milk Commission announced new milk marketing areas after an executive session. The 1953 Legislature created the commission to regulate marketing practices and producer prices. The Piedmont area, first proclaimed, covers 18 counties and now faces questions on prices, practices, and boundaries.
Mr and Mrs Everett Thompson of Reseda welcomed their eleventh son yesterday. The family has ten sons and no daughters forming a potential football squad from their male heirs in Van Nuys area.
Raymond Arias, 22, a former prisoner held 28 months by Korean Reds, was released and re enlisted at Fort MacArthur in San Pedro, California, yesterday.
New York estimates show higher 1954 corporate and individual tax receipts due to stronger earnings in 1953. Despite expected rate cuts in 1955, heavy reliance on income taxes could hurt revenue if corporate earnings dip or take‑home pay falls, with current totals around 60 percent of corporate gross earnings.
Eight year old Leroy Combs found a live twenty pound aerial bomb rolling down an alley on his way home for dinner. A bomb disposal expert said it definitely contains explosive and suggested it was a British or Japanese missile. It was the second live bomb found in the southern section of the city in less than a year.
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