davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
EVIDENCE TO
THAT EFFECT
GIVEN TODAY
Would Keep Secret La
mont Stock Transactions
and Income
HOW MORGAN SETUP
ARRANGED REVEALED

WASHINGTON, June 2. (UP)
The senate Morgan investigation
was recessed today at 1890 p. m.
to be resumed Monday at 10 a. m.
The investigation today into
stock market operations produced
evidence that Morgan partners
were reaping profits even during
the depression.
Davis objected to Pecora's
questioning of Thos. S. Lamont,
Morgan partner, and son Of Thos.
w. Lamont. Pecora was appar-
emily attempting to produce tcs-
timony regarding the younger La
mont's income taxes but refused
to go into particulars when asked
the reason of his question.
At Davis request. Chairman
Fletcher agreed to call a secret
meeting of the banking and cur
rcncy committee for 9:30 a. m.
Monday, presumably to hear Da-
Wis arguments against going into
Lannon'S personal stock transac-
tionS.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02

WASHINGTON, June 2. (UP)
The house yesterday passed the
Wagner-Keyser bill appropriating
17,5OO,OOO for federal unem-
ployment work in the next five
years.
Action already has been taken
by the senate. A house-senate
conference now will be held on
minor points. after which the leg
islation will be sent to the White
House for signature.
Another phase of President
Roosevelt's reconstruction pro-
gram came closer to realization
Yesterday when the house inter-
state commerce committee favor
ably reported the railroad reor-
ganization bill.
That would set up a federal
coordinator with the subsidiary
boards in various sections of the
country. They would be charged
with making arrangements for
the railroads to pool terminal ia
cilities, use identical trackage and
take other steps to save money
for the railroads by eliminating
unnecessary competition.
The Wagner-Keyser bill calls
for the establishment of a federal
employment service under the
jurisdiction of the department of
labor. Employment offices would
be established in each state. For
the first year there is an appro-
priation of $1,500,000 with $4,-
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
Time of Mails
Closing Given
Postoffice Arranges Seized,
uIe for Public

The following schedule Of ar
rival and departure of mail trains
at the post office. with official an
nouncement that all mails close
80 minutes before the time of the
respective trains departures and
arrivals:
Star route mail. from Hender-
sonville to Lake ToXaway. leaves
4 a. m.
Star route mail. return of above
mentioned star route, 1915 a. m.
Star route mail. Spartanburg to
AsheviIle, due $3.50 a. m.
Train No. %, Cincinnati to
Charleston, due 11:40 a. m.
Train No. 9, Columbia to Ashe-
vile, due 1913 p. m.
Train No. 5, Hendersonvillc to
Toxaway. due 1915 p. m.
Train No. 10, Asheville to Co
lumbia. due 4:08 p. m.
Train No. 6, Lake TOXaWay to
Hendersonville, due 5 p. m.
Train No. 27, Charleston to
Cincinnati, due 5:26 p. m.
Star route mail, Spartanburg to
Ashevillc, due 8 p. m.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
N, {. REVIVAL
OPENS SUNDAY
DR.. John W. Moore, Form
er Pastor Here, Will
Be Speaker

Beginning Sunday morning at
II o'clock and continuing through
Wednesday evening, June Ia, a
series of revival services will be
held at the First Methodist
church. DR.. John w. Moore, pre-
siding elder of the Charlotte dis
trict, will lead in these services.
Mr.. J. C. Coston. local evangelis-
tic singer, will have charge of the
music. and he will be assisted by
Mrs. H. B. Kelly and Miss Kate
DOtson.
The young people and children
have been divided into two diff
ferent groups, and these will
meet each evening of the meet
ing at 1880 o'clock for prayer
and instruction, led by Mrs. Ma
bel Baughman, Mrs. S. NJ. Gar
rem, and Mrs. J. W. Payne.
The men of the church will
meet each evening at 1880 in the
church hut for prayer service.
The women of the church will
meet each evening at the same
hour for prayer service in the
church parlor.
Prayer services will be held
each afternoon at $3.50 o'clock in
all sections of the city. Mrs. H.
I. Hodges has charge of this ar
rangement, and she announces
that women from all churches of
the city are cordially invited to
Join with the women of the
church in this effort. These reg
Mar afternoon prayer services
Continued on page three)
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
Marx Brother Is
Robbed of Gems

HOLLYWOOD, June 2. (UP).
Police and private detectives to-
day united in an effort to trace
thieves reported to have robbed
Zeppo Marx. stage and screen
comedian and his family of $780,
600 in jewels.
Two bandits forced their way
into the Marx apartment and
locked Marx and his wife, Marian
in a bedroom, and her brother,
Allen Miller, and a maid, Lillian
Scott, were bound with adhesive
tape. it was reported.
Marx told police the jewels
stolen included a $4,000 plati-
mum diamond ring, $4,000
diamond bracelet and a $4,000
diamond ring. They were the
same gems taken from Marx sew
eral months ago by burglars who
robbed his place while he was
absent. Later they were returned.
Similar robberies have oc-
Cured at the homes of Betty
Compson and Aileen Pringle, also
of the films. during recent weeks,
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
RECOVERY BILL
TAXING SCHEME
TO Be CHANGED
Revenue VIII Be Derived
From Capital Stock Tax,
Not Income Tax
MAY CUT GASOLINE
TAX AS PROPOSED

WASHINGTON. June 2. (UP)
Chairman Harrison of the senate
finance committee said today he
would seek complete revision of
the revenue-raising provisions OF
the industrial recovery public
works bill as passed by the house,
including the substitution of a
capital stock tax for the in
creased income taxes.
Harrison also proposed that an
additional three-quarters Of a
cent gasoline tax provision in the
house bill be reduced to One-half
of one per cent. The revised pro-
gram, he said, would raise $227,-
100000, or $7,OOO,OOO more than
necessary for annual revenues
needed to finance the So, O,0OO,-
600 public works program.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
CONFERENCE WILL IRON OUT
WAGNER BILL DIFFERENCES

100000 for each of the four sue
ceeding years.
Secretary of Interior Ickes told
the house ways and means COM
mittee that President Roosevelt
wanted to include some measure
for federal oil production in his
national industrial recovery bill.
That means that the Marland
oil bill, designed to carry out
that function. probably will be
scrapped in favor of an amend
ment to the recovery act which
has passed the hoose and now IS
pending in the senate.
Ickes outlined the admlnlstra-
TONS proposal as follows: -.
"For the oil industry, in add
ton to the powers granted the
president concerning codes of far
competition, agreements and Il
censes, he is authorized to pre-
scribe regulations to supplement-
state conservation legislation reg
ulating the production of petro-
feum.
In addition, authorization is
given to allocate equitably the
national market demand for pc.
troleum and the products thereof
among the oil producing states
and between domestic production
and importation. Also to prohibit
A. RECOMMENDATION in interstate
commerce of petroleum and the
products thereof produced or
withdrawn from storage in viola
ton of any state or federal law"
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
DETAILS OF MORGAN co.
SET UP REVEALED

WASHINGTON, June 2. (UP.
How the 67-year-old J. p. Nor
gan is virtual dictator in the
famed banking house which bears
his name was revealed yesterday
to the senate banking committee
when most Of its articles Of part
nership were made public.
The firm, as it is now known,
began business April /, 1916. I'M.
der the name of 81. p. Morgan
and Company" in New York and
"Drexel and Company" in Phila-
delphia.
Morgan has power. al any time,
to compel any partner at once
to withdraw and retire from the
partnership, upon giving him
written notice to that effect and
in the event, the amount duo
such reiring partner shall be
forthwith fixed by Mr.. Morgan"
Unrevealed yesterday was the
capital of the partnership and the
division of profits and losses.
The banking committee refused
to make public this bit Of infor-
nation which, it is reported.
would show that Morgan, himself,
shares most heavily in the COM
pany's gain, shown by the investt-
cation to be very large.
Interest at six per cent year
is allowed or charged on all part
ners accounts, including capital
and undivided profits.
Morgan may dissolve the part
nership at any time, subject to
it's liquidation. provided that
partners representing majority
in interest in the profits of the
partnership shall consent to such
dissolution"
Morgan also has power to fix
value of assets of any partner
who desires to retire, which re-
quires three months notice.
In case of Morgan's death, the
partnership must be dissolved on
the following December 81, UNI
less his death occurs less than
six months from that date, in
which case it would continue un-
til December 81 Of the following
year. However, if partners hold
ing a majority interest in the
profits decide within 30 days to
continue the partnership, they
may continue it for three years
on it's original basis after which
they may form a new company
by majority interest consent.
If the Morgan line disappears,
then the firm name 81. p. Nor.
Continued on page three)
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
By JOSEPH II. BAIRD
downright, 1888, United Press)

ABOARD S. S. PRESIDENT
ROOSEVELT, EN- ROUTE TO
LONDON. June 2.-CUP).-Def-
mite rejection by the United
States of British efforts to force
discussion of the war debts Ques-
ton during the London world eco
nomic conference was intimated
by Secretary Of State CordcIl
Hull Yesterday.
Secretary Hull. asked what ac-
ton the American delegation was
prepared to take on war debts IN
London, declared:
''That is a matter to be dis
cussed at Washington-not IN
London"
The United States was in
formed on reliable authority that
this will be one of the major
points in the American program
at London. Others include:
General agreements rather
than a formal treaty. which would
have to be ratified by parlia-
mentS.
ECONOMY in gold cOverage
of currencies and increased use
of silver as currency backing.
3-Means for sterilization Of
exchange as rapidly as each ma
ton finds it possible.
Secretary Hull was understood
to favor strongly the general
agreement on national purposes
in the economic conference as OPP
posed to a formal treaty.
His attitude, reflecting that Of
President Roosevelt's administra-
ton at Washington, is based on q
desire to see the work of the
world economic conference, con-
vening June u. put into practl-
cal effect as rapidly as possible.
1t was emphasized that to draw
up a treaty might be the work of
months in itself, as evidenced by
the army treaty tangle at Gen
eva. Then further indefinite de-
laws would be faced by the neces-
sity of ratification by the scores
of nations represented in London
"a delay which might run into a
year or more.
The statement by Secretary
Hull was in direct opposition to
the attitude expressed BY Prime
Minister J. Ramsay Macdonald,
of Great Britain, on his return ia
England after comforting with
President Roosevelt at Washing
ton.
Macdonald and Neville Cham
berlain, chancellor of the eX'
chequer, both indicated in public
statements that war debts were
to be discussed during the world
economic conference in London
concurrenly if not within the con-
ference itself.
Secretary Hull, who heads the
American delegation to the Lon
don conference, in his first press
conference on board denied re-
ports from Washington that he
would return to the United States
shortly after the parley got un-
der way.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
DIVIDEND OF
70 PCT. PAID
Preferred Creditors First
Bank & Trust Co. Share
In Distribution

Payment of another 20 per cent
dividend to holders of preferred
claims against the closed First
Bank & Trust company was an
nounced today by J. Pat Kinney,
liquiding agent for the bank, who
declared that the amount which
is being paid this time is ap-
proximately $4,000.
Checks for this amount, said
Mr.. Kinney. will be in the mail
today and tomorrow.
This is the second dividend
to be paid to preferred creditors
of the closed bank. Last Septem-
Der, one of 35 per cent was dis
tributed.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
BRITONS PLAN.
NOQUARTER TO.
ECONOMIC FOES.
U. S. and England VIII
Seek to Raise Prices in
World Markets
U. S. PROGRAM FOR
FARLEY OUTLINED

LONDON, June 2.-CUPr-
Neville Chamberlain, chancellor
of the eXchequer, in his last par
liamentary speech before the
world economic conference sound
ed a warning today that Great
Britain will wage unfinching eco
nomic warfare on nations treat
ing her unfairly.
Under fire by the labor party.
which demanded a statement of
policy on the payment of the
SIS, 100000 war debt installment
June Is, Chamberlain refused to
comply. fearing he might preju-
dice negotiations with the United
States.
Further indications of Anglo
American cooperation at the
Forthcoming world economic con-
ference were seen yesterday when
Chamberlain announced in the
house of commons that the gov
eminent was prepared to work
jointly with the United States to
raise price levels.
Chamberlain's announcement in
commons came during a general
discussion of the economic con-
ference program, and the war
debts queS ion.
The chancellor extended his an
nouncement to include "any other
government" but mentioned only
the United States by name.
Chamberlain added. however,
that methods for obtaining rises
in price levels cannot be deter
mined until conversations have
taken place between the represen-
tatives of the governments con-
cerned." He meant nothing prac-
tical could be done until the con-
ference meets.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
PACT
STILL HELD Up
Will Not Be initiated Un-
til Next Week, Is Be-
lief at Paris

PARIS. June 2.-(UP).-Pre-
mier Benito Mussolini's hope for
a dramatic initiating this week of
his treaty binding Europe's chief
nations to peace of ten years,
was shattered today by announce
ment here that difficulties still
remained in the way. The cere-
mony probably will not be held
until next week.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
Hawks Hopes to
Cut West-East
Flying Record

LOS ANGELES, June 2. (UP)
Lieut.-Comndr. Frank Hawks left
today in specially designed
plane, piloted by mechanical
robot which he hoped would land
him in New York in II hours. He
planned to make no stops and
sought to break his own west
east record of II hours and 38
minutes. The weather is fine all
the way.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
MIDGET WOMAN, 3, SITS ON
LAP OF ]. P. MORGAN AND
LIKESIT---SO DOES ONE LIEF
Press Agent Does His
Stuff as u. S. inveSti-
CATION Halls

WASHINGTON, June 2. (UP)
J. P. Morgan interceded today for
photographers who were barred
from the senate hearing by Chair
man Fletcher, following the tax
ing of Morgan's picture with a
circus midget yesterday. Morgan
said he didn't want to be put in
the position of causing their ex-
clusion. Senator Fletcher said he
might permit them to enter at this
afternoons session.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
Singing Sunday
For Association

The June singing of the Hen
derson County Singing Associa-
ton was announced this morning
by G. L. Anders, president of the
association for Sunday afternoon
at 2 o'clock, and will be held at
the Ebenezer Baptist church. Mr..
Anders said that the association
is expecting good many singing
units, both choirs and quartets,
to meet with it this month.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
10 PCT. INCREASE
IN MILLS AT YORK

YORK, S. c., June 2.-(UP).
The management of the Travora
and Nicely Cotton mills here an
nounced today that effective next
Monday, a 10 per cent increase
in salary will be granted to the
several hundred employees who
had threatened to strike.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
Over $4,000 Of
Country's Banks
Are Open Again

WASHINGTON. June 2. (UP)
More than $4,000 Of the coun-
try's banks have been reOpened
on a normal basis, official figures
showed today.
About 1000 others, holding
what is estimated at $3,000,0O0,-
600 in deposits are still closed or
operating under limitations.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
CRADUA ton
At HI SCHOOL
This EVENING
Class Night Featured
Thursday With Unique
Program

Graduation exercises of the
Hendersonville high school will be
held in the school auditorium at
8 o'clock tonight. 81 pupils--38
girls and 10 boys-being sched-
uled to receive diplomas from Su-
perintendent F. NJ. Waters.
DR.. Edward Gwathmey, presi-
dent of Converse College, Spar
tanburg, S. c., will deliver the
literary address, while the Rev.
Jas. P. Burke and the Rev. Philip
O'Mara will give the invocation
and benediction and the high
school glee clubs will sing.
Jesse Reese is valedictorian Of
the class and Leona Pace is salu-
tatorian. Class officers are How
ard Waldrop, president; Bonner
Brownlee. vice-president; Ruth
Orr, secretary. and Jesse Reese,
treasurer.
AWARDS ARE MADE AT
CLASS NIGHT EXERCISES
The senior class of the Hen
Jacksonville high school held its
class night exercises last night at
8 o'clock at the city auditorium,
The program was opened by the
salutatorian, Leona Pace, follow
ed by the entire senior class
joining in singing the class song.
The next scene was a seance
conducted by Earl Merrill. who
revealed the past, and Thelma
Freeman, who disclosed the fu-
ture. Both the past and the fu-
ture were enacted by the mem
bers of the graduating class.
Mary Lummus then read the last
will and testament. These "med-
iums" were interviewed by How
Continued on page three)
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
OKEH MORE CAMPS

WASHINGTON, June 2. (UP):
Establishment of 26 new forest
work camps in Georgia and eight
in Alabama was approved yester-
day by President Roosevelt. The
camps approved totalled 257.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
BAR BEER SALES

WASHINGTON, June 2. (UP)'
Sale of 3.2 beer on all Indian
reservations was forbidden IN an
executive order issued by Secre-
tary of Interior Ickes.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
WEATHER

Fair tonight and Saturday;
slowly rising temperatures,
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-06-02
GOOD AFTERNOON

Railroads are planning a new
high.speed train that can run 100
miles an hour. Now let's see a
motorist beat one Of those trains
to a grade crossing.
The Waterbury Democrat., 1933-04-28
Fashion Show
 and Card Party Given Last Night at Pearl Street Community
 House

An attractive fashion show, fol- lowed by card party was held last evening at tho Pearl Streef Com munity House. Fort"-one models, children and adults, displayed play suits, junior school, sport, party dresses, ladies suits, coats, sport outfits, afternoon dresses and even ing gowns.
 The committee on arrangements was made up of Mrs E. Costen, Mrs s. Reyes, and Mrs M. Johnson of Watertown. Mrs Mildred Mitchell of New Haven played for the fash ion show promenade. Two vocal solos were rendered by Miss M. Craig.
 "The No-Count Boy" a ct comedy by Pearl Green, will be presented by the Pearl Street Dramatic Club at the Ncighbor- hood House tonight. The charac- ters as they appear are:
 Phoebe ........ Mrs Maud Wells Enos ......... William Hummer The No-Count Boy ............
 ............ Ansley Williams An Old Woman .... .......
 ........ Miss Rosalie Holinan
 The scene takes place outside a cabin in North Carolina. The play will be directed by Miss Helen Schoeni. It was presented in the Little Theater of Waterbury Work shop, International Bill of One Acts" tstv
The Waterbury Democrat., 1933-04-28

queens; one of which was probably not the queen of hearts. His first two leads were the ace and king of diamonds, followed by the king of clubs on which North played" the nine spot.
 If North had two small clubs, he would not give a come-on signal, for he could count from dummy's holding that declarer had not more than two. Therefore South req soned that North must have held either the singleton nine or the queen n-nine of clubs.
 He led a small club to the fourth trick, which North won with the queen. North cashed the queen of diamonds, South discarding q small club.
 North then played heart. De- clarer put up the king. but South refused to win tho trick. East led the queen of hearts. and South still tucked. East continued to play trump and South cashed his ace and ten, following with the ace of clubs.
 Declarer wisely discarded Q small spade instead of trumping the club, and was able to make his ace, queen of spades and the last trump at the end. This play saved him one trick, but he was still down three for penalty of 900.
 This hand showed the advan- tagc of concealipg strength in the first round of biding. When an opening one bid may be very strong, the opponents are con- stantly i II danger. They must either pass up many good defen- sive bids, or run the. risk of an occasional slaughter like this one. Copyright, 1883, NEA Service. Incl
The Waterbury Democrat., 1933-04-28

The annual banquet of the Bunker Hill Kings Daughters will be held at Mallory, farm in Wood bury on Tuesday evening. May 3. it was announced at the April meeting held Tuesday evening at the home of Mrs J. Merle Hosdo- wich of Delaware avenue. Fol- lowing a short business meeting. the president. Miss Helen Stod- dard read two poems, Building ] Life" and "The Heralders." A social hour followed. Those 'at- tending were Mrs Robert Jillson. Mrs Roland Latimer, Mrs George Trainer, Mrs Marguerite Larsen, Mrs Gael Reese, Mrs Clifford Tompkins, Mrs Ralph Webb. Mrs William H. Hill, Mrs Jesse Palen, Mrs Norwood Webster, Mrs New ton Alexander, Mrs Fred c. Tor kelson, Mrs Croft Curtis, Mrs Leon Mayshaw, Mrs Raymond Sage, Mrs Carl Pronost, Misses Helen Stoddard, Rachel Range weld, Margaret Croft, Mrs c. Jud- son Wells, Polly Horsiey. Guess present were Misses Mildred G0u- dy, Mildred Benedict and Mrs Fred Hoad1ey.
 Mrs William Coss of Plank road was hostess at bridge at her home recently in compliment 10 her sister, Miss Katherine Mere- dith who was observing her birth day. The guests attending were Misses Ernestine Kott, Agnes Gagain, Agnes Jensen, Josephine Moore, Irene Jorgenson, Mildred Jorgenson, Mary Jane Meredith, Mrs James Brody and Mrs Ray mond Meredith.
 Mrs Irene Mack of Piedmont street, past department president; Mrs Sue Oldershaw of Lockhart avenue. department vice-president. Miss Catherine Turrel1 of Circuit and Mrs Mamie Gould of Green- leaf avenue, past auxiliary presi- dent, are attending a two day ses- sion of the Sons of Union Veter- ans at the Garde Hotel in New Haven.
 The following hostesses wi1Y be in charge of the weekly card party to be given on Thursday evening at Lyceum Hall by the ladies of St Patrick'sy parish: Mrs James Cronan, Mrs James K. Lawlor, Mrs Arthur Caisse, Mrs James Barnes. Mrs William Brennan, Mrs John Temple, Mrs Richard Wilkinson, Mrs Patrick Rice, Mrs Henry Simpson, Mrs Frank Kennedy, Mrs Michael Lawlor, Mrs Mary A. Donnelly, Mrs Perry Crane and Mrs Joseph Schotis.
 Miss Josephine Scanlon of Wa tertown avenue has returned after spending few days in Orange. N. J.