davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
BUSINESS OF NATION IS
STILL ON UPWARD SWEEP
CONTINUED SURVEY SHOWS

may turn out 100000 units in
May, a 10000 increase. Youngs-
town, o., district operations arc
at 80 per cent with SO of the SO
open hearths now melting. The
daily metal trade said that the
Cleveland, O., rate was 81 pei
cent, an increase of 6 points
with operations now at the high
est level since the week ended
May 80, 1881. The National
Steel company advised of plans
for $25O,000 replacement and
construction program at Ecorse
Mich, which will mean employ,
ment of 200 men. The company
now is employing 400 men,
new peak.
For the grain farmer there
were indications of better wheat
prices. The government report
as of May showed wheat to be
harvested as being 12,889,O0C
acres less than the acreage sow,
last fall, and the indicated win,
ter wheat crop as 337,485,00C
bushels against 462,151, 900 acres
harvested in 1882 and 9,436,'
900 acreage harvested in the
five-year average.
A buying wave started in the
Worth street market, center Of
the nations wholesale textile in
dustry. Some houses yesterda!
reported volume of buying wa'
the largest transacted in theil
history with demand extending tt
a wide range of cotton cloths
The magazine Hardware Age, sale
activity in the industry had ex
~ Continued on page six)
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
BANK REFORM
BILLS OFFERED
Measures to Thaw De-
posts introduced in
Both Houses

WASHINGTON, May II. (UP(
Action came from both sides Of
Capitol Hill yesterday to remould
the nations banking facilities
with the idea in mind of thawing
frozen assets.
Senator Carter Glass, DEM, Of
Virginia. introduced in the senate
his bank reform bill which con-
tains a provision for limited in
Surance of deposits. The measure
reached the senate floor in virtual
ly the same form in which the sub
committee left it after holding
extensive hearings.
Chairman Steagall of the house
banking and currency committee
introduced a similar measure in
the house.
An important phase of the
Glass bill is the one requiring
private bankers either to abandon
their deposit accounts or to go
out of the business of underwrit-
ing securities. This would include
such powerful financial institu-
Continued on page six
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
TEXTILE MEN
REDUCE HOURS
40-Hour Week Already AS
sured for One Third of
Spindles in Nation

NEW ORLEANS. La, May IL,
(UP).-A five per cent wage in
crease. affecting $4,000 local em-
ployes. was announced yesterday
by the Lane Cotton mills. Sig
mund Odenheimer, president of
the company, said he favored re-
ducing working hours in the tex
tile industry to 80 hours a week,
and the employing of two shifts
on the basis of wages paid for 80
hours.
IF such a plan were adopted
by the entire industry, it would
mean that double the number of
people could be employed and
that the payrolls would be doubt
ed" he said. The wage increase
is effective next Monday.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
JAPSBOMBARD
j. S. HOSPITAL
Are Within SO Miles of
Peiping Gathering at
City's Defenders

PEIPING, May 11.-(UP).-
While Japanese scouting planes
scared over Peiping after bomb
ing the Rockefeller Foundation
field hospital at Chichow, Japa-
nese infantry battered at the de-
tenders of the city, only 80 miles
to the north.
Earlier reports on the Japanese
drive in North China said Japa-
nese troops were advancing west
ward on the Shanhaikwan-Peiping
highway and had captured Yung-
ping, 115 miles east of here.
The airplane directed machine
gun fire at a detachment of the
Peiping garrison before flying off
in the direction of the battlefront
between Miyunhsien and Nantien-
men. There were no casualties.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
By HARRY FERGUSON
United Press Staff Correspondent

United Press starr Correspondent
WASHINGTON, May II. (UP).
Remnants of the bonus army that
was driven from the capital a
year ago by firebrands and the
steel of bayonets camped again
at the city's gates yesterday.
They came this time-not in
compact, organized regiments
but in dishelved, struggling
groups with every mans heart
filled with hatred and suspicion
of his neighbor.
Once again the cry of "Pay
the Bonus Now" echoed along
the curbstones of Pennsylvania
avenue. On the very spot where
bricks and bullets flew year
ago two brown tents were thrown
up in a vacant lot, and a line Of
veterans waiting to register
twisted out along the sidewalk.
An Alabama veteran stood be.
hind a negro who in turn stood
behind squat little Japanese
who in some way contrived to
make Americas quarrel his own
more than Is years ago. This
camp is the headquarters Of the
veterans liaison committee-one
faction of the 5000 men who in
tend to demand payment of a
debt which the federal govern:
ment does not legally owe until
1915.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
HOMES BURN IN
CITY, COUNTY
Loss Estimated Around
$4,000; Both Houses
Are Insured

Two fires in Hendersonville and
Henderson county Yesterday aft
ernoon and early this morning did
several thousand dollars worth of
damage.
Fire yesterday afternoon about
4 o'clock practically destroyed the
home of Mrs. Mona Hamilton, on
the Little Willow road about ten
miles from Hendersonville. Mrs.
Hamilton was in Hendersonville
at the time, and only the children
were at home. The damage was
estimated at approximately $1,000
and insurance in the amount of
$500 was carried. The fire was
attributed to a defective flue.
Fire this morning about three
o'clock destroyed a vacant house
on Kanuga street owned by l.. F.
Cox. Origin of the fire was unde-
termined. The house was valued
at about $1,000 and insurance in
the amount of $1,000 was carried
on the property.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
House Passes Z.
Flat Rock Bills

RALEIGH, May II. = Among
the new bills introduced, killed Or
passed in the legislature yester-
dav were the following:
H.B. 1882. Ray of Henderson,
to allow East Flat Rock to accept
bonds in payment of taxes; passed
in house.
H.B. 1880. Galloway of Tran
sylvania, to provide more econom-
zeal bank liquidations; introduced
in house.
S.B. 642, to release East Flat
Rock churches from payment of
assessments; passed in house.
H.B. 517, to allow purchase and
sale of bank deposits in Transyl-
vania and Clay counties; killed in
house.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
IS LEAGUES FIRST
DECLARED CONFLICT

GENEVA, May 1l.-(UP).-
Paraguay's declaration of war
against Bolivia, League of Ma
tons officials believed today,
would simplify the leagues active
interference in the South Ameri-
can dispute and possibly hasten
the imposition Of an arms en-
barge against both countries.
Well informed South Amerl-
cans here said the war declara-
ton was probably designed to
force Chile to take a stand on
shipment of arms and munitions
through her territory into Be-
livia.
This is the leagues first "offi-
cial' was since its foundation;
The chaco committee, composed
of delegates from Ireland, Spain
and Guatemala, today recommend
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
INSTITUTE APPROVES
OF 4O-HOUR WEEK

WASHINGTON. May II. (UPJ
President George A. Sloan of the
American Cotton Textile Institute
yesterday advised the president
that directors of the institute
have recommended a 40-hour
week and not more than two 40
hour shifts a week, to cotton
manufacturers, as part of the
presidents sterilization plan. Sup
port of one-third of the industry,
or 100000 spindlGs, is assured,
Sloan said.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
MODIFIED INDUSTRY
BILL AT WHITE HOUSE

WASHINGTON, May II. (UP)
Senator Robert F. Wagner, Dem.
New York, who is leading the adj
ministration's drive for a public
works program of S3,30O,000,000
as a part of its modified plan for
industry, brought the completed
bill to the White House today for
the approval of President Roosc-
Welt
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
CHILEANS PLAN TO
MAINTAIN NEUTRALITY

SANTIAGO, ChlIe, May II
CUPD.-Chile will declare its neu-
trality now that state of war
exists between Bolivia and Para
quay but will not abandon its
present position regarding the
transit of arms through Chilean
ports to Bolivia, it was said in
foreign office circles last night.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
p UNITED PRESS

Factors in The Gran Chaco wal
between Paraguay and Bolivia IN
clude:
Nations involved-Bolivia and
Paraguay.
Scene of cOnflict-Gran Chaco
regio nalong the Paraguay river.
Cause of conflict-dispute over
possession of the region, lying
between the two countries.
Hostilities began - June 10,
1882.
War declared-May 10, 1888,
by Paraguay.
Estimated casualties to date
about 10000 men.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
BANKING BILL
SENT TO SENATE

RALEIGH, May 11.-Extcnd-
ing the provisions of the Sullivan
bank offset act to more than 40
counties. including Henderson,
Pennsylvania and Rutherford, a
bill was passed in the house We'd
nesday and sent back to the sem
ate for concurrence.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
Means Purports To Name Infant Kidnapers
.PARAGUAY'S DECLARATION OF
WAR GIVES NATIONS LEAGUE
CHANCE FOR ACTIVE STEPS
u S. Expected to Invoke Kellogg Peace Pact and Chile
VIII Declare Neutrality; Bolivia Will
Protest; People Are Calm

ed that special meeting of the
council be convoked.
Meanwhile, the United States
is expected to invoke the Kellogg
anti-war pact, Of which Paraguay,
but not Bolivia, is a signatory
nation.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
GASTONIA EXECUTIVES
SHORTENING WEEK

GASTONIA, n. c., May H.
(UP).-CottCn textile executives
representing 100000 combed
yarn spindles yesterday agreed to
establish a 40-hour week in re-
Spouse to President Roosevelt's
program for shorter hours.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11

WASHINGTON, May II. (UP)
President Roosevelt will review
reductions in compensations to
World war veterans ordered re-
Gently as an economy move in the
belief that "the cuts have been
deeper than was originally intend
ed" the White House announced
last night.
The announcement said region
al offices of the veterans bureau
and government hospitals will not
be closed pending careful study
of the entire situation.
"These conclusions are in line
with the presidents original state
ment that the regulations and
schedules would be drafted so as
to affect the most humane posi-
BILE treatment Of veterans truly
disabled in war service" said the
statement.
The announcement came after
President Roosevelt had conferred
with Louis johnson, national COM
mander of the American Legion
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
BONUSFORCE
LEAVES CAMP
near CAPITOL
$50 Vets Join Main Body
of "Army" at Fort
Hunt, Va.
MEN NOT In GOOD
HUMOR THIS TIME

WASHINGTON, May II. (UP).
Bonus marchcrs encamped near
the capitol voluntarily moved to
another site today in the face of
a police threat to round up $50
veterans and force them either to
leave the city or go to Fort Hunt,
Va, where the main body of
bonus seekers is gathering.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
WEATHER

Generally fair tonight and Fri
day, with scattered thunderstorm
ers.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-05-11
GOOD AFTERNOON

Most of the money being lost
right now is being lost in the
mind. of people who wish they
had socked some into the stock
market two weeks ago.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-12-22

a government of the bankers and
big industrial magnates. The gov
eminent as such will print and
regulate money in the interests of
the bankers and industrialists and
not in the interests Of the farmers
and workers, whether it is all done
directly by the government or
whether some Of these functions
have been turned over to the banks
The banks, the industrialists and
the government are all working to-
gether toward the same end of
providing the moneyed class with
interest and profits. To expect
such a government as we have to
print and regulate money in the
interests Of the farmers Is worse
than hoping for miracles.
The printing of more money Is
crude initiation, in the direction Of
which the government is already
headed at the behest of the pro-
fiteers. Initiation is in effect and
will be in effect for the purpose Of
saving the big fellows. What i
the result Of initiation? It is thai
the dollar becomes cheapened, anC
everything that the farmers anC
workers have to buy will go Up IL
price. So with more initiation it
would simply be harder for the
farmers and workers to make +;
! living. The poorest sections of tn,
farmers, Of course, would be hi
hardest, And all farmers woul'
be hit in the sense that with still
! higher prices to the city workers
. the city workers would be able T.
buy less of farm products, and s
our market would be further re
, duced.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-12-22

ness be sufficiently enlightened so
as to permit of inter class states
manship instead of petty local
pickering would like to see
a national pressure group arising
from the heart of America which
would have in it the best states
manship of agriculture linked with
that of labor and industry"
Smells of Hitler
This is Wallace's problem of in
ter-class planning" as expressed to
the Farm Bureau meeting. What
it amounts to is lining up the high
salaried and false leaders of farm
ers and workers in putting over
the preparations for worse STAN
dards of living for the working
people. and for war. Wallace's
inter-class planning is blood broth
er in spirit to Hitler's unitarian
state" and "labor 'front.'" and
Mussolini'e Corporate state"
Wallace's words are the words
of a budding fascist. It will be w
to the American workers and the
busted farmers to decide that they
want none and will have none Of
Wall streets fascist schemes.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-12-22
Wallace, Peek and Myers
Speak at Chicago Meeting

The Farm Credit Administration
will protect the investors loans by
instituting stool pigeon and col
lection system bv the farmers
themselves. Every farmers who
borrows from the Federal land
bank, the Cooperative bank, or
from a Production Credit Associa-
ton as required to own 5 per cent
of his line of credit in stock" Tin
the respective institution
"He thereby becomes to that ex-
tent a guarantor Of the credit of
his neighbors." He will become,
if the Farm Credit Administration
can force him to do so. stool
pigeon on his neighbors. cooperat-
ing with the Farm Credit outfit to
force his reighbors to paw their
loans even at the expense Of the
we'll being of their families or the
maintenance of their means of
production. This is New Deal
farm financing.
| S@Re
M. L. Wilson, Subsistence Home.
steads Director under the New
Deal. who is one of the "radica
professors" in the administration
came out vigorously for planning
and for a planned agriculture. %
'"We are now in the midst of az
ricultural planning whether W.
like it or not" was his keynote.
Subsistence farms" are tn,
basis of Wilson's planning. Her
is what he had to saw about tn,
coolie levels to which he wants T.
reduce the impoverished American
farmers.
; "If we were to plan agriculture
, +. it would probably be found
that with efficient commercial
. agricultural production. four mil
! lion instead of six million farm
ers could produce our necessary
requirements" TWO MILLION
FARMERS AND THEIR FAM
lilies ARE TO BE GOTTEN
RID OF UNDER THIS "PLAN-
; MING" "What should be done
with these surplus farmers?"
he asked.
: His first answer was a pip
4 dream with not the least basis
fact under our present system.
] Present industry can be speede
e up, and, furthermore. that it ca
absorb the farmers who are NJ
: now needed in agricultural pr
}, duction." While fifteen millions
t workers in the cities canrot no
j get jobs Wilson readily a
sorbed" two million Surplus farr
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-12-22
December %, 1888
Have Farm : Foreclosures
StOpped2

AN GLAD to be able to say that farm foreclosures
practically been stopped in the United States" Thus
spoke Mr. William E. Myers governor of the Farm Credit
Administration before the Farm Bureau convention.
These words not included in the printed copies of
Mr. Myers speech which were ent out in advance. No
doubt Mr. Myers regarded the lie too barefaced put
writing He is prepared doubt to dsclam the statement
if the farmers protest too much.
That this brazen falsehood any farmer testify
In the adjoining columns of this very issue of the Produc
News may read of foreclosures stopped by this
method.
Let us show Mr. Myers what is actually taking place.
Send the of foreclosure sales to the Producers
and will send marked copies to Mr. Myers Washington
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-12-22

CONTINUED from Front Page)
ness basis at the lowest possible
COST"
Swap Slave Drivers
1t is. in other words. a means
by which the investments of the
bankers in farm mortgages will be
loaned through the Federal gov
eminent agencies-the farmer will
have changed not slavery for free
dom but one slave driver for an
other. the Farm Credit Administra-
ton for the individual bankers and
insurance company agents.
Here is what Myers business
basis" for farm refinancing means:
eff we are going to operate this
system successfully we must main
tain the confidence of investors,
which means that the loans must
be sound"
In the case of production credits
ordinarily a first mortgage on the
crop or the livestock for which the
money is to be used. WITH OF
COURSE ANY ADDITIONAL
COLLATERAL THAT MAY BE
NECESSARY, will be required
Of course. security which Is easily
liouidated will be taken if pos
sible."
! SOUND" LOANS. ONLY
The money for production credi
will come through debenture
owned by the rich investors. sal'
Myers. "The high opinion of thes
debentures by investors must b
maintained. Production credit as
sociations. therefore must max
sound loans so that the securit
behind them :. the farmers note
will not only be adequate, bu
the loan will be collectible. TIL
debentures always have born
a splendid reputation among in
vestors- IT. high class, tax-exemI
securities and we must maintain
that standard"
1.-THE attitude of the farT
credit administration" in Myer
words. "is that the credit that wi
be extended must be on a bus
ness basis if we are going to COZ
: tinue to get the funds to loan frol
: investors"
Even in times of calamity an
, diStresc "hI1SineSSO comes frs
wherever a national emengenc,
exists. as they frequently do b.
cause of droughts or hurricane
! it is our purpose to extend cred
as far as possible on a busine!
!. basis"
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-12-22
The Impoverished
Farmers

All Of which would mean in the
end that you and the other fellow
farmers Of Pleasant Prairie, Wis.,
as wen as other farmers like you
elsewhere, would not be able to
pay even the 2 per cent interest
required under your PLAN You
would not be able to pay any in
terest. You would not even be able
to make a living. You can't make
a decent living now, without pay
ing interest. You would be still
less able to pay interest, any inter
est, under further initiation.
There are large number Of
farmers already who cannot pay
any interest. They cannot pay
two per cent any easier than they
J can pay 5 or 6 per cent. That is
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-12-22
Convention Brushes Over
Farm Buro Racketeeriino

CHICAGO, III. - The balance
sheet of the American Farm
Bureau Federation as of Nov. 70,
given in the report of the Acting
Secretary and Treasurer w. r.
Ogg, shows that the A. F. b. +.
owes $4,000 to the Continental
Illinois National Bank and Trust
Co., the largest Chicago bank. The
Continental Illinois is owned by
Wall Street and by the very in
terests whom the Farm Bureau
claims it is fighting.
Last year the loan was $4,000.
The Continental Illinois was will
ing to increase it by $4,000 this
year. They have faith in the Farm
Bureau leadership.
Mr.. Ogg mentioned another in
teresting item in his report to the
annual meeting.
"In late October of this year, f"
he stated, at became the unhappy
duty of the Executive Committee
of the American Farm Bureau
Federation to accept the resigna-
ton of NJ. S. Winder, who had
been Executive Secretary and
Treasurer, and to terminate the
employment of H. R. Kibler, di'
rector of the Department of Infor-
nation. Evidence showed thai
these men had accepted commits
sions on commercialized educa'
tional campaigns, without knowl-
edge and consent of the officers
and directors"
By this kind of hypocrisy TIT
Farm Bureau leaders attempt to
use Winder and KILLER for goat
to save their owns knees in one O.
the most brazen graft operations
in the history of high salaries
farm leadership.
What actually took place was
that M. S. Winder, executive sec
rotary of the American Farr
Bureau Federation was compelle
to confess before a Senate Invest
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-12-22
Weekly Organizational Letter


why refinancing in any form Is no
relief of the debt burden. It viii
be no sweeter to take the bread
out of the mouths of our children
I'M order to pay interest to Uneh
Shylock than it is to pay interest
direct to the banks and insursnn
companies. Refinancing means
merely that the banks and inSuf.
ance companies will get nd o.
their worthless mortgages and GEL
something from the government n
return for them. We can be sue
that the bankers government
would not pay the banks and ID
surance companies for their mon
cages with worthless paper MONEY
The banks and insurance CON,
panies would get government OOn'
or other good securities. We fafD'
ers and workers would be the one
to get the ten billion in worthless
currency, of which we would nesa
reams in order to buy the tnIg
that we need. Sales taxes sna
processing taxes would be sOOSD
galore with which to raise funD
for paying the banks and inSur
ance companies for their NOR !.
cages. The thing in a nutsheh :
that the bosses government eaS
not be relied upon to regulate y 4.
thing except in the interests Q! :. :.
bosses. In this respect there : !.
difference between cOlS1 m.
tive" and a progressive" or "
eral" government. The eOrl s,"s
tives. so-called, function in Osu 4,
of the bosses openly; where's -.
liberals and Farmer-LabOriVs 4,
form the same service for X
bosses by deceptive measure = a.
measures that appear to be q y. \ \
ballyhooed to be in the in. J: AIN
the forgotten" man but n 1,. rssi,r
save the cake for the prOi'
; parasites. .r.allstO1
NO, o.. ie. - ar orlv real relief V
/ the farmers and small home ~, M Srr.
> ers from the unbearable E, deO Ds, n
! msrt refuse use to give us the s s.r,..,
which is our right in our our ~. nv r.
e we win obtain this security o NJ up-
: b I,sa 81 debts and BY ban odsneacr.
L pether for our mutual p' o.u vro-
: By united mass action ,' W and b
tect ourselves on our 1a'"
our homes. oI;darity,
: The United mite Farmers I 1;sis,
y National Ss'r'f''''