14 Jun 1933
Page 1
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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 14, 1933
Page
1
Washington reports President Roosevelt today accepted a $10,000,000 payment from Great Britain as an acknowledgement of the wartime debt pending final settlement. No concession or claims waived, and no implication of future payments.
Washington reports a conditional American note to Britain offers to place the payment in the U S treasury as an installment on the 75 950 000 debt due tomorrow but preserves the claim on the remainder. The reply signals no condonation of default and stresses bilateral talks with each debtor nation. Legislative friction over the world debts conference also grows as critics question Britain's influence and aim.
Washington reports that after President Roosevelt signs the industrial recovery public works tax bill a new half cent per gallon gasoline levy becomes effective the day after approval and is projected to raise about 62 million dollars yearly. The existing one cent per gallon tax is extended for another year and will yield roughly 120 million dollars. The new dividend levies apply to dividends declared after enactment or approval and to capital stock for companies operating at the close of this fiscal year on June 30.
Athens report says the Doctor of Philosophy degree will soon be available to University of Georgia students, marking the institution’s advancement from college to university status. President Sanford commends the regents for taking over university affairs and restoring provisions of the original charter.
Washington reports that both houses work to finalize the 3.6 billion appropriation bill to cut war veterans allowances and fund the Muscle Shoals Tennessee Valley project. Senate and house clash on amendments as conference talks loom and leadership expects quick action.
A regional forecast notes fair conditions across South Carolina Alabama and Georgia tonight and Thursday with slowly rising temperatures. Florida and Northwest Florida expect partly cloudy with local showers in the south and cooler conditions in the east tonight.
New York dispatches say Governor Eugene Talmadge of Georgia moved $3,000,000 from banks into Atlanta state capitol vaults with National Guard protection to block the highway board from accessing funds. The move followed a budget clash as the board refused to discharge five engineers.
Washington moves to launch industrial recovery within thirty days as Congress passes the control-public works bill. President Roosevelt assigns General Hugh Johnson to direct the program with cabinet support and an advisory board to balance industry and labor. Public works include federal buildings highways river harbor projects and new shipyards for 32 navy vessels and more aircraft plants.
Washington reports a sweeping bank reform act led by Senator Carter Glass aims to end private banks deposits and broker speculation. The act requires separation of banks from securities affiliates, expands reserve powers to curb lending for margins, and limits interest on checking, with deposit insurance phased in from 1934 to 1936 impacting state banks.
President Roosevelt faces a senate clash over veterans relief as the chamber considers a substitute for the revised house administration compromise, signaling a direct showdown between the executive and the Senate. Spanish War veterans are noted in the proceedings. June 14. Washington. CP.
New York June 14 12 1 2 percent additional wage reduction planned on top of the existing 10 percent curtailment. Formal notices prepared for mailing. all contract labor classes affected. Railroads must file June 15 if basic pay rates will change. The voluntary 10 percent deduction was extended to October 31 after negotiations.
The Senate adopted an amendment to provide pensions for Spanish American War veterans aged 55 or older or 50 percent disabled, at least $14 a month, and set the stage for a vote between the Byrns plan and the Steiner Cutting substitute amid debate over benefits under the economy law.
Washington reports conferees unable to agree on a $1,000,000 veterans hospitalization provision. Senate leader Byrnes said the House blocked the Senate addition citing parliamentary rules. A House vote on the issue was scheduled to resolve the dispute.
Twenty four Italian seaplanes were delayed today from Orbetello by bad weather as they prepared to fly to Chicago and intermediate points. The air ministry said they would proceed as soon as conditions improve.
New York reports railroads plan an additional 12 1 percent wage cut and will notify four major railroad unions. A F Whitney of the Brotherhood of Railroad Trainmen says no cut has been served and union leaders will meet in Chicago to discuss Roosevelt's railroad bill rather than the new concession. He calls obstructionists responsible for keeping the mood low.
Cleveland June 14 David Robertson president of the Brotherhood of Locomotive Firemen and brakemen said any further railroad wage reduction cannot be justified and that the brotherhood would decline to grant any additional decrease.
Atlanta June 14 The alleged confession of Odell C Boyle a former parachute rigger was read into the federal court record in his trial for mailing threats to kidnap the son and granddaughter of Joseph Cannon a wealthy North Carolina textile maker unless paid up to 20 000 The government also read letters received by Cannon in the record.
Secretary Hull urged all nations to join in easing global trade restrictions and seek a permanent international monetary standard. He avoided debt talk, stressing leadership to restore confidence and full stable prosperity worldwide, with approval from foreign delegates.
The Georgia state prison commission will receive 621 convicts working for the highway department at 6 a m tomorrow. They will remain in camps, fed and guarded, with funds from the governor’s contingent appropriation. Counties listed include Baker Bartow Berrien Fannin Hancock Liberty White Whitfield and Union.
Federal officers captured Boyles in January at Hapeville near Atlanta as part of a trap related to a 1932 case involving Mr. Cannon between November 1, 1932, and January 5 of this year.
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