davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
PUBLIC BUYING
With UPTURN
Cotton Leads Commodities,
Some Positions Gaining
So Per Bale

NEW YORK, April 20. (UP),
Stocks opened with a rush in
blocks of 1000 to 10000 shares,
Prices spurted aheaIi, while cot
ton jumped 50 a bale, and the
dollar sank rapidly in terms Of
foreign exchange.
United States Steel common
opened at 40, up 2 points on a
block of 5000 shares. That was
a new high for the year and con.
trasted with a recent low OF
% 3-8. 1t continued to come out
in large blocks around the open,
ing price.
international Nickel opened
10000 shares at Is, up 3 5-8 and
a new high for the year.
General Motors opened $4,000
shares at IS Ia. up 2 3-S and a
new 1888 high.
Reynolds Tobacco B opened
10000 shares at 81 5-8, up l 7~8
and new high for the year. RAJ
do Corporation opened in a 10,-
600 share sale at 5. up IA.
Tickers strained to keep pace
after the opening. Orders poured
in from all parts of the country
and many came from abroad. The
public was buying as It did back
in 1928.
Several hundred issues made
new highs for the year of the
early dealings. The best perform
ers were the so-called commodity
stocks such as coppers, sugars,
steels, food, etc.
Demand was persistent for the
steels where practically all issues
made new tops for the year.
Even the utilities, yesterdays
weak spots, joined the rise. Rail
road issues. however. were quiet
and about steady. Chesapeake &
Ohio lost a small fraction to 20
7-S.
Metal shares, especially the
non-ferrous group, were out
standing features. Kennecott Cop
per opened on block Of 10000
shares at Is rs, up l 1-2 points
and a new high for the year.
The tape ran behind the mar
ket before the end of the first 10
minutes of trading and quotations
were abbreviated to facilitate OPP
Grafton at a pace with the market.
Cotton was the star performer
in the commodity groups. Gains
in some positions were extended
to more than. So a bale with the
March option selling at S:35 cents
a pound. Rubber futures spurted
IA to "a points to new highs and
sugar futures made moderate
gains.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
BY THOMAS L., STOKES
United Press Staff Correspondent

WASHINGTON, April 90. (UP).
The United States abandoned the
gold Standard last night.
Shortly after President Roose-
welt in a bold, dramatic coup had
Withdrawn support of the Ameri-
can dollar abroad, Secretary Of
! Treasury Woodin, said this ma
ton had deserted the gold stand
ard.
Questioned by newspapermen
whether the presidents action
definitely meant abandonment o.
the gold standard. Woodin said:
eyes, we are off the gol,!
standard. The whole matter is
official abandonment Of the golI
standard
The presidents action late yes
terday was taken in an effort to
raise commodity prices at home
and restore languishing trade
abroad.
The White House announced
this would be done by maintain
ing a tight embargo on export of
gold. Actually, it means the
American dollar is to be allowed
to seek its natural level in world
exchange. Later it would be re-
valuated on basis in natural re-
flation to other currencies.
The presidents daring stoke
startled the world and brought
quick approval from congression-
al leaders favoring initiation.
Stocks and commodity prices rose
sharply.
Senate administration leaders
moved quickly to give Mr.. Roose-
welt power to take what further
steps he regards necessary to
carry on his new battle to check
the course of deflation in the
United States.
They completed last night the
draft of a sweeping bill giving
President Roosevelt power to ac-
cept $100,000,000 in silver from
any foreign nation for payment
on its debts. The silver would be
accepted at a price not exceeding
so cents.
The measure, which is to be
presented as an amendment to
the pending farm bill, also en-
powers the president to re-value
the gold dollar on his own initia-
tive or in agreement with foreign
nations. and to issue green backs.
The bill was drafted jointly by
Senators Elmer Thomas. Okla
Continued on page 81
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
REVENUE BILL
FIGHT SHIFTS
into SENATE
Many Changes Will Be
Made BY Upper House,
Poll Indicates
ELECTRICITY TAX MAY
BE CHANGED in FORM
BY J. c. baskerville.
The Times News Bureau
Sir Walter Hotel

RALEIGH, Apr. 20.-Thc SEN
ate is expected to make Il number
Of changes in the revenue bill and
an unofficial poll Of is member
ship shows that it will probably
remove the ltilowatt hour tax on
electricity and the corporate ex-
cess tax, put on in the house and
then boost the general sales tax
plan to , per cent to make up for
the difference in. revenue. None
Of the members of the senate are
willing to be quoted along these
lines, but in discussing the rcve-
nue. bill "off the record" many of
them consider this course as
likely.
The revenue bill finally passed
its third reading in the house yes
terday. containing the 2 per cent
general sales tax plan, the Ewing
kilowatt hour tax amendment and
the Everett amendment to tax
corporate excess in foreign corpo-
rations. The special sub-commit-
tee, headed by. Representative r.
Gregg Cherry, .Gastonia, brought
in the 2 per cent general sales tax
plan az compromise after the
house last week refused to accept
the , per cent general sales tax
plan recommended by the finance
committee. The subcommittee
cOntended that with the. new revc-
nue. added to the bill by the kilo-
watt hour and corporate excess
tax provisions, a per cent gen
eral sales tax was sufficient and
would yield enough revenue to
balance the budget. $500
As soon as the revenue bill
reaches the senate from the house,
which may be this afternoon If It
is sent out by special messenger,
it is expected to be referred a.
once to the senate finance COM
mittee. 1t will be in this commit
tee at least a day and is expected
to come back in virtually the
same form as written by the house
finance committee, with the 3 per
cent general sales tax reinserted
and the kilowatt hour tax and
corporate excess tax amendments
removed. Present indications are
that the senate will then adopt
the bill virtually as recommend
ed by the finance committee. The
mere mechanics of passing the
bill in the senate is expected to
consume at least week, however.
There is now little possibility that
the bill will get before the SEN
ate until next Monday night, and
it will then require at least two
days for the senate to adopt the
bill sitting as committee OF the
whole. 1t must then pass its Sec
and and theird readings on two
successive days, so that it can
scarcely pass third reading in the
senate before Friday, April 20,
unless the senate should decide to
stay here and work Saturday and
Monday. But that is very unlike
ly. since members of neither
house so far have let anything in
terfere with their usual weekend
Continued on page 81
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20

The spring flower show and
plant exchange will be held under
the auspices of the women's aux
iIiary committee of the $40 year
farm plan of which Miss Maude
Searcy is chairman, on May 2 at
place to be announced later.
The committee named for the
plant exchange is composed OF
Miss Pearl Jones, chairman, Mrs.
r. l.. Coston. Mrs. j. c. Morrow,
Jr., Mrs. w. b. Byrd, and Mrs.
J. f. Shipman.
First and second prizes in the
form of ribbons will be awarded
for the best collection of wild
flowers, and for the best botany
note book from the city or coun-
ty schools, and for the best May
basket.
a1 Prizes will also be awarded for
the hest adisplay52of iris, tulips,
phrethnum, peonies, eolumbine,
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
By HERBERT z. EKINS
United Press Staff Correspondent
(Copyrisht, 1888, United Pre<s)

PEIPING, China, April 20
(UP)-The United States Legal
ton may make representations to
the Japanese legation concerning.
the bombing Of United States mis-
sion property flying the American
flag at the village Of Miyun-HSlen,
it was understood today after I
detailed report Of the case hat
been received.
The report was made to {. -.
Spiker. first secretary Of the le-
CATION. by the Rev. Mark w.
Brown, secretary Of the North
China conference Of the Meth
odist Episcopal church. the Rev.
+. NJ. Pike. Miyun-lISicn district
missionary. and the Rev. lung
Meng. native pastor of Miyun-
HSien.
They submitted maps showing
property destruction. and lung
Meng's eyewitness account Of tn"
bombings was incorporated M the
legations records.
The United States legation. IN
vestigating the raid. said that no
American missionaries were reg
istered at Miym-Hsien, although
Americans possibly are aiding 7.
NJ. c. A. war relief workers IN
the danger zone. menaced by the
new Japanese advance below the
Great Wall.
The Rev. Mr.. Brown reported
that the Methodist mission prop
erty was hit repeatedly during the
bombardment. Numerous build
ings he said. were destroyed.
The missionary and Chinese as
sistants hid in a dugout, ne said,
while the mission buildings crum-
bled under the attack and the
United States flags huttered to
earth.
II was working at the mission
in Miyun-HSicn when y airplaneS
arrived" the Rev. Mr.. Brown told
the United Press in describing his
experience. They dropped 50
bombs. devastating the city.
The bombs were very large
ones. For example, one bomb
Knocked down 30-foot brick and
stone wall surrounding the mis-
sion compound.
The air raid was continued al =
ter I fed from Miyun-HSien. | be-
lieve the American mission prop
erty there must be total loss.
Continued on page B.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
LEGATIONS TO
BEREMOVEDIF
PEIPINC FALLS
Representations Being Pre-
pared Over Destruction
of Missions
MANY MISSIONARIES
SAY PLANTS WRECKED

PEIPING. April 20. lUPl-
Japan will make full payment OF
all damage caused American and
other foreign mission property by
the bombing raids Of her military
airplaneS. the Japanese legation
announced today.
Missionary after missionary re-
ported incidents Of Japan 5 T.
bombing destroying Ameri c n
property ana endangering Ameri-
can lives 10 the United States lega-
ton today. c. J. Spiker, first
secretary is understood to be pre-
pairing formal representations -
present the Japanese legation.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
PLANS ARE TAKING SHAPE
FOR SPRING FLOWER SHOW,
ANDPLANT EXCHANGE HERE

+panzy. sweet william, Towering
vines. Towering shrubs, collection
of gourds and best display OF
flowers. Prizes will also be
awarded for the best exhibit OF a
miniature rock garden to be LETT
in the city park.
Professionals will be allowed to
sell flowers, members Of the curb
market will also be allowed to
sell plants, and Mrs. j. f. Ship
man will be in charge of an ex-
change of plants. bulbs, seeds,
vegetables and flowers. A May
pole dance will be in charge of
Miss Connie Morrow.
Mrs. J. A. Hatch and COM
mittee will have charge of the
wild flower exhibit. Mrs. Blake
Of Spartanburg, and Mrs. Foster
McKissick of Greenville, will ne
two of the Judges and third will
be named later9oeQ aJH" iAt
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
CONGRESS IS
BACKING F.D.R
MONEY SCHEME
Bill to Authorize Initiation
Drawn by Leaders;
To Be Pressed
SITUATION is STILL
SUBJECT OF STUDY

WASHINGTON, April 20 (UP)
Legislation authorizing currency
initiation and giving President
Roosevelt supreme power to reg
ulate the value of American money
has been apprOxed by the presi-
dent and today awaits introduce
ton in congress.
Administration agreement on
the measure came swiftly after it
had cut the dollar loose from the
gold standard as the first step in
program Of controlled initiation.
President Roosevelt continued
his study Of the situation today,
calling in senate majority leader
Robinson and Budget Director
Douglas for conferences.
Constitutional phases Of the
legislation were discussed, it was
said.
Twenty.four hours after going
off the gold standard the United
States was cheered by a boom in
commodity and stock prices. Tick
ers clicked the hopeful news
throughout the land yesterday.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
RIVER BASIN
DEVELOP MENT
BILL IS 0KEHD
Will Be Reported Favor
ably by House Military
Affairs Group
WILL COME BEFORE
HOUSE BY SATURDAY

WASHINGTON, April 20. (UP1.
President Roosevclts far reach-
ing program for development of
the Tennessee valley, centering
around the Muscle Shoals power
plants was formally approved last
night by the house military af-
fairs committee.
The committee voted Is to-. 6
to report the measure. It is plan
ned TO bring it before the house
for action by Saturday Of this
week under a strict rule virtually
assuring passage. Il
The bill, in all major particu-
lars. was reported as drafted by
White House advisors. @
1t provides a $5O,OOO,OOO bond
issue to finance the development
together with $4,000, 900 i'm.
mediate appropriation.
The program cOntemplates gov.
eminent ownership and opera,
ton Of the vast power resources
Of Muscle Shoals with sale of
electric energy directly by the
government. In addition, - the
nitrate plants would be leased, if
possible, to 4 private limited,
dividend corporation for produc,
ton and sale of fertilizer.
A board declaration Of policy
is contained in the measure max
ing it possible for the federal
government to conduct unified
development operations in the
Tennessee valley. This would in,
clude flood control navigation i'm,
prOvcmentS and reforestation a.
we'll as the development Of The
| power resources.
! The principal change made by
the committee is one permitting
leasing Of the shoals fertilizer
plant. The Tennessee valley au,
thority' established by the meas
ure to manage the development
program is authorized to lease
the nitrate plant for u 50-yean
period.
; The lessee would be required
, to produce a minimum Of 10000
tons Of fixed nitrogen fertilizer
for the first three years, then in
creasing production to meet de
mandS. Profits Of the lessee
would be limited to eight pei
cent on its annual business.
In the event the authority i
unable to lease the nitrate plan
! on favorable terms within an Is
months period, the government
would manufacture and sell the
fertilizer direct.
The measure contains the very
broadest authority for the gov
eminent corporation to manufac
ture and sell electric energy. II
would have the right to buy, con
Struct or lease transmission line!
for sale of power.
The provision III the Origina
bill granting to the states Of
Tennessee and Alabama five PEI
cent Of the grown proceeds Of
power generated in the respective
states was stricken from the bill
Construction of the Cove creel
and So-called number 8" dam!
are provided in the bill. Othel
dams may be constructed Later
when sale of the additional pow
er is guaranteed to such an eX
tent that it will amortize the ad
! ditional government investment
within a Cougar period.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
FRENCH ENVOY
HAS SETBACK
Herriot's Position in U. S.
Damaged by Abandon
ment of Gold
(Copyright, 1888, United Press)

Copyright, 1888, United Press)
ABOARD THE S. S. lie Df.
FRANCE, April 20.-(UP).--'
Abandonment of the gold stand
ard by the United States makes
former Premier Edouard Her
riots mission to Washington in
finitely more complicated. he in
Dictated today. He conferred for
hours with Charles B. Rist, under
governor Of the Bank of France,
who is accompanying him. They
agreed that the Importance OF
their mission had been reduced t0
an informative capacity and that
it will be impossible to accom-
plish concrete results such as tar
if or debt agreements.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
{. OF c. SET FOR
DINNER MEET.
Public Invited to Friday
Night Affair; Must Make
Reservations Today

Invitations have been extended
to and details of the program have
been completed for the first of the
quarterly dinner all-member meet
ings of the Chamber of Commerce
Friday night.
1t has been the custom of the
organization to hold its annual
meeting in January and the semi
annual meeting in summer. but
several members have requested
more frequent dinner meetings
for closer touch with Chamber oil
Commerce activities and for the
fellowship usually existing on
these occasions.
In addition to written invita-
tons to the members, As have
been extended to new families in
the community and others to bust
ness and professional men no;
holding membership in the Cham
Der of Commerce.
In addition to music and the
principal address by c. H. Magoon
of the Brightwater Farms hatch
cry and poultry department, there
will be presented reports by COM
mittee chairmen of the activities
of the organization since the first
of the year.
Members and visitors have been
requested to make reservations
for plates not later thar today so
the Hendersonville Inn may have
Friday to make ready for 4 ca
pacity house should there be de-
mandS to this extent.
The dinner meeting is open to
the public. regardless of written
invitations that have been extend
ed. but reservations today are
necessary for admission.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
Japan will Pay For Damage By Bombing
Initiation Bill
For u. S. May Be
Offered Today
Planned Attack of World
on Dollar Value Cause
of Move

WASHINGTON. April %
(UP.-Scnate leaders said to-
day that Il Every substantial
agreement had been reached
with President Roosevelt on
the administration currency in
flatiOn bill and it might be Of
fered today as a rider to the
farm relief measure.
WASHINGTON, April %
(UP).--Speaker Of the House
Raincy today charged "a plan
ned and concerted effort" on
the part Of nations tied up
with the English pound" to at
tack the United States world
monetary position caused the
abandonment Of the gold stand
ard as weapon Of defense
and will be of great use in the
forthcoming conferences with
the powers to open Friday in
this city.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
FRANCE is ALARMED

PARIS, April 2O.--(UPJ.--
Alarmed by its isolation on the
gold standard. France adopted 4
waiting game today in the hope
that Americas abandonment OF
the gold standard would turn out
to be a temporary maneuver to
gain an advantageous position III
the world economic conversations.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
BEER FAILS TO KEEP
EMPLOYMENT In u. S.
UP TO RECENT LEVELS

WASHINGTON, Apr. 2 OCUP)
Beer tried to help, but industrial
employment decreased more than
four per cent in March the labor
department announced yesterday.
Brewing employment increased
IT'S per cent but employment
generally decreased Az per cent
and payrolls 80 per cent. 'The
drop is unexpected and unusual
labor Secretary Frances Perkins
said, s1IqE- dan So II
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
W. B. REID SUFFERS
FROM HEART ATTACK

w. B. Reid, one of Nthe rural
carriers working out of Hender-
sonville, in confined to his home
with a heart attack. Mr.. Reid is
widely known in this section and
his many friends are hoping he
will soon be on his route again.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
HOME FROM WASHINGTON

H. C. Ransom and little daugh-
ter, Nancy Love, have returned
home after spending a week in
Washington. Mr.. Ransom, who is
one of the Southern Railways
engineers, reports o. delightful stay
in the nations capital. alss
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
u. S. GOLD EMBARGO
PRAISED BY BRITON

LONDON, April 2O.-(UP).-
The new United States gold en-
barge may we'll result in lasting
good for the world, Sir Josiah
Stamp director of the Bank of
England and one of the most pow
erful figures in British finance,
told the United Press in an eXclu-
Sive interview today.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
GOOD AFTERNOON

Don't know what kind of cigar
you can get in Cuba these days.
But one things certain, it won't
be a mild Havana.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-20
WEATHER

Mostly cloudy tonight and Fri"
day; little change in temperature.
The Republican. [volume] (Oakland, Md.) 1877-current, 1933-12-14

There will be Christmas play pre-
scented by the Sunday school of the
Paradise church on Saturday evening,
December %, at 1880 o'clock, to which
all are most cordially invited.
Mrs. Elizabeth Schoch, Crellin, and
son, MINERS Schoch, of Terra Alta,
will leave tomorrow morning for AL
brightsville, Pa, to attend the funeral
of Miss Mary Schoch, sister of the
late B. F. Schoch, on Saturday.
Mary Lynn McIntire, of Oakland, a
sophomore in the College of Arts and
Sciences at the University of Mary
land, has been initiated into Alpha
Lambda Delta, national freshman
honor society for women which recog-
nizes outstanding scholarship, Miss
McIntire was one of three women who
maintained scholarship average Of
3.5 or better during their entire fresh
man year at the University.
Mr.. and Mrs. A. W. Kaldenbach, of
Washington, D. c., have announced
the marriage of their daughter, Ruth
Ada Kaldenbach, to Mr.. Howard Liv-
ingston Sitter, son of Mr.. and Mrs. NJ,
L. Stier, of Oakland, on November %,
in St. Marks Episcopal church, Wash
ington. Following the ceremony the
couple left for a short sojourn in the
south. Mr.. and Mrs. Stier will reside
in Washington, where the groom is
employed.
The Republican. [volume] (Oakland, Md.) 1877-current, 1933-12-14

Mr.. and Mrs. Ralph Smouse contem-
plate moving to Clarksburg, w. Va,
prior to January list where Mr..
Smouse will be in the employ of the
Loar & White department store.
The Ladies' Guild of st. Matthew's
Episcopal church, Oakland, was en-
tertained last Thursday by Mrs. James
l.. Pollock and Mrs. Arthur Hinebaugh
at their home on Second street. A
large number were present.
The Epworth League of st. Paul's
NJ. E. church will hold a penny sup
per" in the Parish House on Friday,
December Is, from five until seven
o'clock. Those who come are requested
to bring a supply of pennies.
There will be meeting of the Deep
Creek Fish and Game Association on
December 20 at 1880 p. m., at Lake
side Park, w. w. Dewitt, secretary,
announces. All members are requested
20 attend, as officers for the ensuing
year will be elected.
Mr.. and Mrs. Joel A. Beachy and
son and Mr.. and Mrs. Charles A. Ben
der, all of the Grantsville community,
spent several hours in Oakland on bus
mess last Saturday. Mr.. Bender's
friends here, who are many, were es-
pecially pleased to see him again fol-
lowing a severe illness of two OF three
years.
The Republican. [volume] (Oakland, Md.) 1877-current, 1933-12-14

Mrs. w. H. Teets and son Jackie re-
turned to their home here Sunday fol-
lowing a weeks visit with relatives in
Baltimore.
Mr.. and Mrs. Cecil W. Schroyer and
son, of Friendsville, were here Tues
day when they called at The Republi-
can office on business.
Mr.. Lynn Burch, who had been the
guest of Mr.. and Mrs. C. A. Tower,
returned to Baltimore, accompanied
by Mrs. Tower and daughter, Janet,
who will go on to Philadelphia to visit
Mrs. Towers sister, Miss Margaret
Sprigg.
st. Matthew's Episcopal church will
hold its usual midnight Christmas Eve
service this year, beginning at HOO
p. m. The Sunday school will have a
Christmas pageant at 500 o'clock on
Christmas Eve. The vestry will give
the children their Christmas treat fol-
lowing the pageant.
Mr.. Joseph E. Harmed, author and
publisher of the volume entitled "Wild
Flowers of the Alleghanies," which
has met with much favor by nature
lovers throughout the United States,
is preparing to issue an edition of the
book in abbreviated form for field
work. Some of the drawings, from the
pen of DR.. Matthews have already
been completed.