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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 26, 1933
Page
1
President Roosevelt met for half an hour with Richard Whitney president of the New York Stock Exchange in Washington on October 26. The brief talks centered on financial market matters and policy directions. Whitney declined comment after the meeting.
Washington October 26 Oscar Johnston finance director of the farm adjustment administration said options on government cotton held by southern farmers probably would be sent out next week.
Fire swept the Lancaster avenue graded school in Monroe today causing an estimated loss of about 45,000 dollars officials said the origin was undetermined.
The Federal Deposit Insurance Corporation announced the appointment of W. M. Thompson of Goldsboro as an examiner and G. Armfield of Elkin as an assistant examiner.
George N. Peek, farm administrator, announced today that the interest rate on loans to corn farmers from the Commodity Credit Corporation will be 4 percent, the same rate as cotton loans.
Cameron Morrison of Charlotte a former United States senator and governor will deliver a prohibition speech in Charlotte tonight. He had said he would not accept the post of Democratic national committeeman for North Carolina if offered and would focus on keeping the state dry.
Two cafe-cracking attempts in Randolph County last night yielded one successful safe blow at the county creamery with about $40 taken. A mill night watchman saw a car without plates near 4 a.m. The Seagrove post office safe was damaged but the robbers abandoned their attempt. Sheriff Carl King investigates if the same party carried out both jobs.
Strong early mentions of record cold in northern New York and New England with Saranac Lake and Owl's Head noted. The piece also covers widespread autumn gales, shipping hazards, and a major Indiana law enforcement mobilization to pursue a bank robbery gang led by Dillinger era fugitives.
The Roosevelt administration increases the price it will pay for newly mined gold to 31.54 per ounce under the RFC plan for a managed currency. Officials say daily purchases will continue while the U S price stays ahead of foreign levels. London rates and currency shifts influence the dollar value.
Will Rogers jokes from Beverly Hills about Jesse Jones of Texas buying gold for the government. He suggests Hollywood women have many wedding rings and predicts gold could reach forty dollars an ounce, sparking talk of heirloom loot and gold headed canes. He laments late great ideas.
The government will rent 15 million acres of retired cotton land next year and draft contracts to protect renters and sharecroppers. Rent credits of 3 to 11 dollars per acre, parity crop guarantees, and landlord-tenant benefit sharing are planned, with noncontracting growers receiving no rental or parity support. Officials expect easier enforcement in the deep south but note tenant concerns in Oklahoma and Texas where landlords live far from the land.
Washington reports Henry Ford’s status as a non member of the NRA may affect a CCC truck contract. Agriculture Department officials said no bid eligibility decision has been made and Ford’s bid was not the low bid when previously considered by the War Department. If Ford becomes low bidder later, a formal NRA compliance inquiry would be conducted.
Detroit dispatch reports Patrick Byrne, 84, and Julia Byrne, 68, who already share a golden anniversary, have applied for a second marriage license to obtain a passport for a European trip after misplacing the original license.
Puerto Rico tensions ease with a 12 day student recess and Governor Gore naming a committee to probe trustee Rafael Alonzo Torres amid protests. He also deplores bomb incidents and moves ROTC arms to El Morro under 65th Infantry guard.
A Bishop appointed committee met in secret in Winston-Salem to review charges against Rev W A Newell presiding elder of Greensboro district. The charges filed by Rev J A Baldwin on behalf of Western Conference involve private ministerial matters with details undisclosed. The five member commission is led by Presidint Elder Loy D Thompson of the White Salem district.
The United Council For Repeal in North Carolina reports it has spent 3367.44 on the November 7 campaign to repeal the 18th Amendment. Walter Murphy filed the report with Secretary of State Stacey Wade under the corrupt practices act. The filing lists major donors and expenses including clerks, stenographers, office costs, and four items of printed matter.
RALEIGH October 26 Five prisoners were paroled today by Governor E Berh inghaus They include Reno Talbert a 19 year old paroled from Wilkes county for manslaughter in March 1932 E W Scarlette paroled from Rockingham county for conspiracy to break enter and commit larceny in May 1932 Adam Hodges paroled from Watauga county for duties law violations in May 1933 Robert Crews paroled from Oxford for larceny in May 1943 and Bessie McLawhorn paroled from Pitt county for dry laws violation in June 1943.
Senator J. W. Bailey told the High Point Rotary club that America’s recovery policies are strengthening, with North Carolina benefiting as a leading exporter of raw materials. He noted agricultural values rose to 150 million dollars this year from 93 million last year and Tar Heel industry now supports more than 350 thousand people.
About 3,000 Georgia strikers gather daily at Augusta to protest wages and conditions and travel by car to Horse Creek valley in South Carolina to pressure six mills employing around 3,200 workers. South Carolina troopers with machine guns and tear gas await possible escalation as labor leaders seek settlement through regional boards in Atlanta.
Alamance county twin cities Burlington and Graham were selected for the next annual meeting of the Women’s Auxiliary of the North Carolina Presbyterian synod as the three day session in Rocky Mount closed today.
A portion of a Chase National Bank letter from Havana to New York dated November 9, 1932 was withheld from public record by the Senate stock market committee after a brief conference with bank president W. W. Aldrich. The decision followed a Pecora suggestion to avoid content that might provoke violence in Cuba, and the matter was discussed in executive session.
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