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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

Oct 25, 1932

Page

1

Supreme Court weighs stay for Lea and son in bank case

The North Carolina Supreme Court took the Leas stay motion into conference at 3:30 p m and could grant or deny relief. Luke Lea and Luke Lea Jr face four to six year terms, with Luke Sr fined twenty five thousand dollars and a one to three year sentence option. Davis awaits potential prison admission after conspiracy verdicts linked to the Asheville bank failure.

Nashville, Tenn United States Supreme Court Leas Wallace B. Davis Central Bank and Trust Company of Asheville State Supreme Court Lea Luke Lea, Jr Davis

Hoover Silent On Campaign Plans

Washington Oct 25 President Hoover made no final decision on remaining campaign plans today. He met only five official family members, spent time on speech writing and government work, and canceled his press conference for the 12th time.

Washington Hoover Midwest Detroit Indianapolis Chicago Newark New York

Wallace Davis to Enter Prison in North Carolina Case

Wallace B. Davis, Asheville, convicted of violating banking laws, travels to Raleigh to serve his sentence and pay the debt to society. Co defendants Col. Luke Lea and Luke Lea Jr. prepare to seek a stay of sentence via the state Supreme Court while pursuing a U S Supreme Court review. They were found guilty of conspiracy to defraud Central Bank and Trust Co. of more than $1,000,000. Davis was president of the bank which closed in 1930.

Raleigh Wallace B. Davis Asheville Davis Col Luke Lea Luke 14A State Supreme Court United States Supreme Court Buncombe County Central Bank and Trust Company

Wreck Injuries Are Fatal To Two Men

Two men died from injuries after an automobile overturned near St Stephens Berkeley county late Friday night. Wesberry an insurance man from Columbia was killed instantly and his 80 year old father in law J A Galloway of Bishopville died hours after arrival at a Charleston hospital. Patrolman Belk said Wesberry lost control and the car rolled three times on the trip from Columbia to Kingstree to visit the Rev James Wesberry.

Charleston D. C St. Stephens Berkeley County W. M. Weaberry Columbia J. A. Galloway Bishopville C. H. Belk Wesberry Kingstree

Tobacco sales set record in Rocky Mount

Rocky Mount reports the new season tobacco sale yielded 825,354 pounds at an average $16.38 per hundredweight, the highest average in two years, based on official figures released yesterday.

Rocky Mount

R. F. C. Allocates Emergency Relief Funds

The Reconstruction Finance Corporation announced $1,241,581 in emergency relief aid for Colorado Louisiana Oklahoma and Oregon as of October 25.

Washington Reconstruction Finance Corporation Colorado Louisiana Oklahoma Oregon

Hunger marchers press London demands end means test

Two thousand hunger marchers moved toward London from Scotland and Wales to demand abolition of the means test for dole recipients. They planned to camp at Croydon and St Albans, then converge in Hyde Park for a welcome and speeches in Trafalgar Square. The deputation asked for accommodations, free coal and shoes, reduced rents, free milk for children, and an end to means testing, but a councilman said the demands had little chance of approval.

London Scotland Wales England Croydom St. Albans Hyde Park Trafalgar Square Moscow London County Council

Smith welcomed as political idol in Newark crowd crush

Alfred E. Smith drew tens of thousands to a Newark armory rally for Roosevelt and Garner. A man died of a heart attack and about 60 were injured as cheering crowds surged, with police estimating 20,000 inside and 60,000 along the streets. Smith attacked Hoover era Republicans and urged New Jersey to back a Democratic Senate.

Newark N. J Jersey Roosevelt Garner New Jersey Edward Reilly Alfred E. Smith Hoover United States Col William J. Donovan New York Republican “Board of Strategy Mabel Walker Willebrandt Smith Percy Stewart Dwight Morrow Holland Tunnel Jersey City William Spray, Jr Armory

Brazil trip notes praise and humor from a U S reporter

PARA October 24 A U S reporter boasts about Brazil praising its coast and Rio de Janeiro from the air and notes flying days along the coast. He jokes about Rockefellers and rubber plantations near the Amazon mouth and recalls Ford’s plantation with male trees delaying rubber production.

Para Brazil U. S Rockefellers Rockefeller Foundation Rio Janeiro Amazon River Ford Will

Roosevelt Praises North Carolina Visit and National Progress

The remarks recount Roosevelt's Raleigh stop thanking Governor Gardner and local crowds. He recalls a state fair memory, notes a nationwide tour nearing thirty six states, and expresses belief prosperity lies with current leadership despite Republican opposition. He also mentions an early morning North Carolina welcome and quail shooting memories.

Roosevelt Gardner State College United States Albany North Carolina

Madison County Board Declares Blankenship Sup’t Vacancy

The Madison County board of education called a meeting to declare the office of Carl M. Blankenship, superintendent of public instruction, vacant after he refused to resign following a hearing on charges of immoral conduct. Witnesses testified seeing him with another woman. the board found no conviction but unresolved suspicions. Blankenship refused to resign and planned an appeal to the state board of equalization. The young woman involved returned to work.

State Board of Equalization

Crisis Over Assert Bankers Report Ending 1932 Crisis

Two committees of bankers reported that the summer of 1932 marked the passing of the economic crisis in the United States. They cited stock and bond gains on the New York market and a rising gold stock backing circulating currency, asserting inflation fears were unfounded and the darkest hour had passed.

Committees of Investment Bankers Association White Sulphur Springs W. Va Investment Bankers Association England United States New York Stock Exchange Business Problems Committee Business Committee

Wild West chase nets two bank robbers in Wisconsin

Two of four gunmen who robbed the State Bank of Mindoro were captured after a two county pursuit across Lacrosse and Jackson counties. Shots were exchanged with deputies, one man wounded, as the suspects fled toward Black River Falls before being seized. The fourth robber escaped to the Black River bottoms.

Lacrosse Wis State Bank of Mindoro Lacrosse County Jackson County Black River Ed Fox Fox Midway Lloyd Johnson Roberts

Garner Denounces G O P Over Economic Debate

Washington Oct 25 Speaker Garner attacked President Hoover and allies for excuses and flawed logic in denying Democratic claims of saving a billion dollars in government expenses. He argued that US employment remains stronger than Europe and disputed foreign infection of the economy.

Washington Garner Hoover Democratic National Committee Europe

Figures Show Heavy Slump In Number of Cotton Bales Ginned

Cotton from this year’s growth ginned to date totals 12,771 bales. State figures include Georgia 600,420 Louisiana 489,084 Mississippi 721,717 Missouri 139,087 New Mexico 14,001 North Carolina 301,228 Oklahoma 589,707 South Carolina 457,101 Tennessee 157,675 Texas 2,334,067 and others.

Washington Georgia Louisiana Mississippi Missouri New Mexico North Carolina Oklahoma South Carolina Tennessee Texas

Move to Protect Heir Yet Unborn

New York filed a petition by Guaranty Trust Company as executor to empower temporary administration and sublet Reynolds apartment for 14 months at $6000 yearly pending birth of Libby Holman Reynolds child. Estate valued over 10 million dollars with probate paused until birth or clear possibility. Încludes bequests to Anne Cannon Reynolds and her daughter, Albert Walker, and Libby Holman Reynolds amid slaying case of tobacco heir.

New York Libby Holman Reynolds Smith Reynolds Winston-Salem N. C Guaranty Trust Company Reynolds Trust Company North Carolina Anne Cannon Reynolds Albert Walker

Bank of Mulline Closed. Affairs Turned Over to State Examiner

The Bank of Mulline was closed today and officials said affairs of the bank had been placed in the hands of the state bank examiner.

Mullins 8. C Bank of

Roosevelt Triumphant Tour Hailed by Raleigh Crowds

Franklin D. Roosevelt the Democratic standard bearer drew cheering thousands in Raleigh and other North Carolina stops. He predicted a clean sweep for democracy, praised Gov. O Max Gardner, and urged a 150000 NC majority for the Roosevelt Garner ticket.

Raleigh N. C Franklin D. Roosevelt North Carolina State Fair Grounds Sanford Roosevelt O. Max Gardner Southern Pines Gardner Roosevelt-Garner Charlotte Ihs Atlanta Baltimore Richmond United States

Pound Sterling Slumps to New Year Lows in London Markets

The British pound fell to new lows for the year at the New York opening, breaking 258 cents to about $3.2938. Banks indicated the Bank of England held funds but paused intervention until a stabilizing figure appeared, as other currencies remained steadier.

New York London Bank of England Ptm Iself Wall Street Bank of England Control

Also Mentioned on This Page

Supreme Court of State Inal North Carolina Supreme Court Luke, Jr Albert Cox Two Leas N.C Wallace Davis Tar Heels School Board Blankenship Libby Reynolds Estate Praises Gardner Daniels Pollard Virginia James Roosevelt
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