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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 27, 1938
Page
5
Secretary Morgenthau outlined a Treasury prepared for any European crisis scenario. Officials weighed measures to protect the dollar, stabilize currency markets, and safeguard foreign deposits as wartime orders could shift funds and trade.
The piece notes that Roosevelt’s legislative push hinges on House committee selections amid retirements resignations and possible vacancies. It reports potential Republican gains could shift party balance on Ways and Means Rules and Appropriations and mentions Senate seats and key chairs affected by recent events.
In Raleigh on September 27 a suit filed by 606 tobacco growers seeks to challenge the farm control act. Filed against 351 warehousemen, the complaint asks for a temporary restraining order to halt tobacco tax collections beyond marketing quotas. A TRO would lead to a full hearing on a permanent order.
A rowing eight in the intercollegiate boat race reaches about two horsepower at its peak, highlighting the modest power output of collegiate crews during the event.
John H. Moore spotted a slot machine filled with coins in his bean patch and planned to call police. By the time officers arrived with Moore, the machine and coin stash had disappeared, leaving no payout.
Daylight saving time end caused a loud scene as animals at the Philadelphia zoo reacted to clocks being set back an hour. The nocturnal exhibition drew crowds while creatures voiced their protests with roaring, yowling, screeching, and grunting.
Alfred Berthelson, lost in fog near the Columbia River mouth, followed a lightship signal and drifted to sea aboard a freighter. His supplies ran low until a Tuna clipper picked him up and towed him to safety.
Bishop Frank H. Rice founder of the Liberal Act says he locked up the church indefinitely due to intense internal hostility surrounding the upcoming state election. He cites "so much animosity and hatred" and says the congregation argued so loudly that Bible readings were inaudible.
Next week October 4 to 8 marks the Winston-Salem Fair Week at Forsyth Fair Grounds. Opening day welcomes city schoolchildren. Forsyth and nearby counties join Wednesday with free tickets. Thursday is manufacturers day. Friday is farmers day with themed events. daily horse racing and midway attractions accompany agricultural and livestock exhibits praised as superior.
Paris reports the Bank of France raised its discount rate from 2.5 to 3 percent and the securities advances rate from 3.5 to 4 percent. The 30 day rate increased from 2.5 to 3 percent amid international financial strains and heavy private account liquidation. Jade is regarded as good luck in China, with pieces kept handy during important decisions.
Patricia McGraw faces a choice between law and love as prosecutor Tom Sweeney handles Larry Kent’s involuntary manslaughter case. Pat memory of Larry clashes with her growing bond to Tom while Church vies for a sharp verdict and Shelia visits courtroom intrigue.
Pike county Arkansas is cited as the sole North American location where diamonds occur in any notable quantity, highlighting its unique mineral status in the region.
Bids opened for 4.6 million dollars of permanent improvement bonds to finance a PWA building program. Gov Hoey warned proposals would be rejected if interest rates are too high amid wartime market uncertainty.
About 20,000 people are killed annually in American floods with roughly one million injured and property losses totaling around two million holiars’ worth. The figures reflect the socio economic impact of flood disasters across the United States.
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