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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 02, 1936
Page
10
It is estimated that by January 1, 1935, there will be 5,000,000 automobile radios in use in the United States. It is estimated that total mileage of passenger motor vehicles in the United States in 1935 was about 400,000,000,000 miles.
Legal exceptions challenge master findings on dividends and surplus, reserve status, and alleged preferential payments to depositor banks. They argue debts, liquidity, and loan practices were miscalculated and that directors acted prudently under examiners. The plaintiff contends several specific findings misstate reserves, undivided profits, and the legality of loans and dividends.
The French government raised rates to 6 to 8 percent to stem gold outflow before devaluing the franc. Salengro accused De la Rocque's party of reconstituting the dissolved league as authorities banned a socialist mass meeting in Paris. Communists warned of a troop-mobilizing protest and pledged to march if the gathering proceeds.
Walter E Crissman township Democratic chairman announced plans to open a local headquarters Monday morning. Officials have one or two sites under consideration and will choose tomorrow. the exact location will be announced Sunday.
Creditors of Robert R. Ragan of High Point bankrupt are called to a 10 a.m. meeting October 14 at the Referee Kenneth M. Brim's Greensboro office to review bids on Ragan estate property. Offers include 1000 for a Moore property quarter, 30000 for 120 Commonwealth Hosiery shares, 22500 for 330 Ragan Knitting shares, and a possible 20000 Peerless Vender settlement credit to Peerless.
The communications commission approved the Wilson police department in North Carolina to construct and operate a radio station with 15 watts of power. The action was announced from Polk Radio Washington on October 1.
Greensboro report says Homer Robbins and Herbert Carroll were ordered held on bond for the High Point municipal court on damage to John L. Cox's property after the Superior court took remorse on a breaking and entering charge at Cox's home on July 22. A H Alexander of High Point was found guilty of rock driving with prayer for judgment continued to October, and the court will recommend a fine and cost.
The report notes that domestic air costs totaled eight million six hundred thousand eight dollars for the fiscal year ending June 30 1935. It highlights the scale of expenses and mentions the annual total in a government accounting tally.
The government will provide eight new training aircraft to Canadian flying clubs to bolster aviation education. This allocation supports local clubs, extends training opportunities, and reinforces the national pilot pipeline for civilian aviation.
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