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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 18, 1933
Page
1
Police said they recovered two mail pouches taken in a daytime raid on a contract mail truck driver Hugh Hawley. The pouches containing 850000 were found in a wood about two miles from Wilson, with no tampering detected.
Senate investigators heard that Chase Securities set aside 120 million dollars from reserves to cover losses, about 77 percent of total capital and earnings since 1927. The accounting shows 63 million public stock, 41 million net earnings, and 117 million set aside in three and a half years. The committee will not press further into rescue actions by Chase National Bank.
Washington October 18 The federal trade commission announced it has begun an inquiry into the size of salaries paid to America's business leaders.
Senator Wagner chairman of the national labor board said Ford officials were unable to confer with their employees and labor board representatives in Newark New Jersey this morning and asked for further instructions from Dearborn.
Durham assistant engineer H G Beatty announced Durham has been granted 8100000 for a sewerage plant under the public works act. The announcement came from the state engineer for the public works advisory committee of North Carolina in Chapel Hill.
In Charleston James McCarthy was cited for riding a bicycle while intoxicated and fined 15 dollars or five days in jail. The court did not award him a medal for his effort.
Secretary Roper announced the appointment of Eugene K. Jones a New York Negro economist to head the commerce unit for the study of Negro problems in Washington on October 18 according to dispatches.
State relief authorities posted guards to protect a shipment of federal pork for needy South Carolinians from a possible general assault. The move was reported today as officials said protection was necessary to ensure delivery.
Bert Hall the American wartime aviator was arrested in Tientsin by U S consular officials on charges of illegal firearms importations into China. He allegedly diverted 10000 Mexican for pistol shipments after leaving Nanking where he taught for the Chinese government. Japanese authorities were informed and denied him entry before Tangku detention.
A lone bandit forced contract driver Hugh Hawley to drive from Wilson to a wood and loot three registered mail pouches believed to contain currency for Greenville banks. Two accomplices joined later, one car fled with the bandit, Hawley freed by a farmer, and police pursued but found no trace.
Alfred E. Smith misses Tammany ratification rally amid a cold and questions about leadership. Observers call his absence a blow to Curry and McCooey as Wagner and Copeland skip due to official business. Frank J. Prial denounces bossism while endorsing O Brien. Joseph W. McKee attacks Queens government.
In Geneva the publicized clash between Sir John Simon and Baron von Neurath over disarmament accusations questions the truth of each side and could influence Anglo German relations. Simon pledges to publish documents to prove his case as Norman Davis supports his stance. The exchange highlights rising European nervousness about arming and disarmament.
President Roosevelt says farm prices though up about 32 percent since the year ended March are still too low. An executive council economist reports September farm sales 32 percent above the March year, while farmer purchases rose 11 percent. Officials note factory employment recovered two-fifths of its decline and workers’ incomes rose a quarter, with living costs up 9 percent from March to September.
Washington Oct 18 thousands of Weirton Steel Company strikers return to work under a contract between employers and the government. The National Labor Board will supervise a December election for employee representatives in collective bargaining and refer future disputes to the board. Signed by E. T. Weir of National Steel, William J. Long for the strikers, and Senator Robert F. Wagner.
Washington reports a government purchase of 15 million dollars in butter and beef to feed the needy this winter. Hopkins and Secretary Wallace announced readiness to expand surplus buys as relief rolls show shortages in meat and butter while farmers struggle. The farm administration has already bought 100 million pounds of pork.
Dr J M Bell dean of UNC applied science school remains in serious condition in Chapel Hill after a heart attack Saturday.
Police searched for burglars who broke into the H J Green Company safe during the weekend and fled with roughly $2000 in cash and goods. Officers pursued leads and questioned witnesses as part of the ongoing investigation.
Four members of the Nicholas Licata family are dead and one, Phillip Licata, 14, is critically wounded after a blunt-instrument attack at their Ybor City residence near Tampa. Victor Licata is in custody as a suspect. The dead include father Vincenzo Licata, mother Rosalie, daughter Prudence, and son Joseph, aged 8. Phillip Licata’s prognosis is poor.
President Roosevelt had not reached a final decision on the retail code and loss limitation provision. He planned further conferences to define government policy on price regulation in a retail distribution code while debates over minimum markups continued. The labor department also reported a continuing two percent rise in wholesale prices through September.
Tobacco prices rose across North Carolina as markets opened strong. Winston-Salem led with $17.75 per hundred on 1,154,448 pounds, while Reidsville averaged $14.73 and Kinston reached $18.68 per hundred as buyers reported better quality and stronger demand.
A traveler from New York, Bernard Baruch, shares a practical view on gold and government with locals during a stop in Beverly Hills. He warns against overreliance on the state to solve troubles and notes optimism about the economy amid uncertain times.
George A. Sloan president of the Cotton Textile Institute lauds the code as key to recovery noting payrolls back to pre downturn levels and a 26 percent wage rise since 1932. He cites voluntary partnership with government and explains code features against stock, wages, child labor, and compliance.
Winston Salem hosts the Sons and Daughters of Liberty for its annual state meeting Saturday night with several speakers including C. S. Massey state councillor J. L. Rasher and L. F Cartre among others.
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