davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03
SOLONS DESPERATELY
DRIVE TO ADJOURN

CONTINUED from page one)
upper house agreed to- >' :
Impose an 80 per cent "wind-
fall" tax on unpaid or refunded
AAA processing taxes. Estimated
yield: $82,OO0,00O. ',- I.
Refund $42,000,000 to certain
professors who suffered financial
losses under the AAA processing
taxes. !
Impose 1-2 cents a pound
excise import tax on perilla oil
and exempt from that levy dena-
tured rapeseed oil. -l.. ;
Exempt inedible olive oil from
the ! l-2 cent a pound excise i'm
port tax. .- .....
The heart of the bill = an in
crease of 3 per cent in corporate
TAX, a Z per cent tax on undis-
tnouted corporate profits and a l
per cent increase in surfaces on
incomes from $4,000 to $4,000
was not reached yesterday.
Leaders decided to make it the
last fight on the bill. They are
hopeful of sending the bill to con-
terence Thursday and of obtain
ing quick agreement. -
Late yesterday, however, it was
reported some party chieftains
virtually had abandoned hope, of
adJourning by June 6 and were
reported preparing to take three
day recesses beginning on June 8
and continuing until the national
political conventions end.
Others felt that the president
still held the key to congressional
, adjournment this week, They
pointed out that the senate "com.
promise" bill thrown open to de-
bate yesterday carries only a
skeleton of Mr.. Roosevelt's pro.
, posal for graduated taxes on cor.
porate profits to induce increased
distribution of dividends. The
mouse bill imposed rates ranging
up to az LIZ per cent on. ,undis.
tnouted corporate earnings.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03
FOREST CITY MAKES
CLEAN SWEEP HERE
fContinued sto,n naye ona,

Continued from page one}
Bob Smith Hendefsonviile Hpro!"
DR.. R. C. Sample and p. F.
Sudduth shot ,sS and "a, respec-
lively in their match with M. L.
Edwards and G. A. Williams. but
didn't win a hole, and DIR. j. l..
Wellington and C. NJ. Ogle Jared
almost as badly in their encounter
with DR.. Reinhardt and R. R.
Blanton of Forest City. w. B.
Hodges and G: X. Hoover trailed
G. B. Howard and E. M. Watson
all the way, and E. R. Foor and
H. w. Fuller lost to Bob Edwards
and Guy Williams. n4 {,
Several of Hendersonville's best
shotmakers did not play, and thew
will be taken to Forest CITY when
a return engagement is scheduled,
it was said. $50 g'E1l %'i-II''
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03
APPROPRIATIONS ARE
NEAR 1S,. BILLIONS
Continued from page one)

Continued from page one,
chamber, where members are
elected every two years. Unless
special sessions are called, there
are two sessions each Congress,
or one each year. The session just
ending is the second and last or
the 74th Congress, unless some
emergency should necissitate! call
of a special session before next
January, when the 18th Congress
conyenes.
In contrast with the 74th Con-
gress appropriations, the 75rd,
first under the New Deal, aprmo-
propriated S11,9O2,837, 53S. The
72nd, last under President Hoo
yer. appropriated S7,7O4, 440, 06S,
Seven money spending bills
have been finally approved by
Congress this session for a total
of $4,692, 04s,972. Four others
are still in conference. between
the two houses, with a difference
of some $1O9,468,587 to be ad-
| iusted. That figure represents the
net amount added to house ap-
preparations by the Senate.
Under the Constitution all APP
preparation bills must originate in
the house. The Senate may
amend, however, and sometimes
it reduces the bills, at other times
adding to them. Of the four bills
still in conference one has been
cut in. the Senate and the other
increased. -
The Senate added more than
$50, 100000 to"the houses ST.
1854, 100000 (B) relief deficiency
bill in the space OLA few hours
Monday. % "a.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03
Townsend Inquiry
Nears Conclusion
Msrgett Pictured IN Rec
ord as 'EChiseler"

WASHENGTON,' June 3. CUP
The House committee "investi
eating the Townsend old age pen
sion plan Yesterday spread on it
record affidavits picturing Ed
ward j. Margett, California
state area manager, as a fchi8ei
er" or organization funds.
This virtually ended the $50
900 inquiry. Hearings were rec
essSed subject to the call OF
Chairman c. Jasper Bell, D..
Mo. '.'....-. "..'.'.
The committee has issued a
subpoena for Margett, bat the T.
S. marshall at San Francisco not
flied Bell that he could not find
the Townsendite, who apparently
was evading service. At one point
in the inquiry Margett telegraph
ed the committee he wasn't afraid
of "the Big Bad Wolf" and
would appear voluntarily to tes-
tify.
Margett was the first Townsend
official to be pictured unfavorab-
ly in the public hearings. Refer
ences to his previous record crept
into the testimony from time to
time and yesterday session went
further into his activities. -.
Counsel James R. Sullivan read
on affidavit by C. A. Donahue,
San Francisco, which said he was
employed as manager of Mar
gett's rug store at $50 a week,
paid by Townsend checks, and
checks, and that Margett took a
500 cut from the salary. Donahue
estimated that Margett was get
ting 1900 monthly in commits
sions from new memberships and
contributions and that he was
making another profit" by dis
rugs and furniture for,
prizes at club bridge games.
Donahue also averred that Mar
gett boosted openly that he had
enlarged the Townsend board of
directors so that he could con
troll" it through Gilmcr Young, i.
C. Wright and Conner Smith.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03
OSCEOLA

OSCEOLA. June 3.-Mrs. E. +.
Hcfncr spent the weekend with
her mother in Greenville, S. C.
Mr.. and Mrs. Perry B. Wright
were the guests Of Mr.. and Mrs.
r. P. Wright Sunday afternoon.
David Langley is building
new house, which is just about
completed.
Jake Heffner has been visiting
Mrs. F. c. Justus and his relatives
in this neighborhod for the past
week.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03
SOUTHERN ASSOCIATION
PIEDMONT LEAGUE
. TAKES TO HOME. LEE

.SEN0N PARK. Sask. (UP).-
Joseph Pouhn had a strange and
unexpected guest for breakfast.
Pursded by dogs, a frightened
deer ,leaped through the window
Of the kitchen, and after gazing
around began eating Poulin's
breakfast. = -
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03
YANKEES ARE
! 0UTatf1eED
Chisox Come From Behind
for IL to 9 Win; Pirates
-. ! Grip Third Place -

NEW YORK, June 3. tUP).-
Jimmy Dykes Chicago White SoS
outslugged the New York Yam
KEGS, American league leaders,
and came from behind to score an
N TO 9 triumph yesterday.
Rip Radcliffe, White SOx left
fielder, led the 17-hit attack
against three Yankee hurlerS by
batting in seven runs with two
h5mers and single. Manager
DYKES, Zeke Bondura and Pitcher
Clint Brown, also cracked OUT
three hits each to stop the Yam
KEGS winning streak at hHe
Straight.
New York slammed Ted Lyons
from the box with Seven-run
barrage I'M the first inning and
Brown allowed only six hits Tor
the remainder of the game. Ma
lone started for the Yankees. bat
his replacement. Walter Brown.
was charged with the loss.
The second place Boston Red
Sox shaved the Yankees lead to
three and ahalf games by pound
ING out a IA to 6 victory over the
Cleveland Indians. The Red SoX
blasted the. Indians starting pitch
er. Oral Hildebrand from the box
in the first, running up six runs
on FIVE hits and two walks. Alive
run Splurge sent his successor,
Lee. TO the showers in the third.
The Sox also used three hurlers
with Marcum being credited with
the win.
Harry Kelly walked Manager
Mickey Coehranc to force the WIN
ming run home in the eighth IN. !
ming i'm the Detroit Tigers 5 to .
decision over the Philadelphia /
Athletics. The Tigers took four
run lead in. the first three innings,
but the As tied it in the fifth. |
Tommy Bridges stopped the Ath-
letics in the last four innings to !
register his sixth victory of the /
wear Kelly went the distance for
Philadelphia allowing 10 hits.
Washington beSted the St. Louis
Browns. Is to II in a smuggling
match, despite making four errors
aud being outhit 10 to 10. The
Senators punched their SafetieS.
scoring all their runs in the first
four innings. Jimmy DeShong. |
who retired after the Browns had
scored four runs i'm the eighth,
was the winning pitcher.
In the National, the st. Louis
defeated the Brooklyn ,
Dodgers. 5 to !. Paul Dean, who
scored his fifth win, had to be
rescued by Bill Walker and Ed
Heusser when the Dodgers put on
a three-run rally in the ninth
Fhe tying run was on second base !
but Bordagaray struck out to end
the game. Collins homered for the
Cards. -,
The contest between the second
place New York Giants and the
Chicago Cubs was rained out.
The Pittsburgh Pirates strength
ened their third place notch half
game by nOsing out the Boston
Bees { to 4. A twO-run rally in
the eighth saved the game for
Pittsburgh. The Pirates put men
on base in nearly every inning,
but Is of them succeeded on the
base paths. Chaplin, who went.
the route for Boston, was invin-
chile. at times, striking out II.
Weaver who was removed in the !
eighth. for a pinch hitter, was the
winning pitcher.
The major leagues first night
game of the season was at Cincin-
natl between the Reds and the
Philadelphia PhillieS. -.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03

Childs, Bob Forsythe, Nick Giana-
kos, Franklin Hardy, Jack John
son, Billie Rushcr, Lewis Smyth,
Philip Thibodeau, Robert Writ,
Jimmie Lampley and Marion Lin
cul.
Special awards made Monday
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03
OUARLES TO FIGHT
SARR0N JUNE Is

Norment Quarles, Henderson
vile lightweight. will meet Pete
Salrons featherweight champion
of the world in all states except
New York and Illinois. in a 10
round fight in Pittsburgh on June
%. ..,.ot
The fight will be Il non-tltle al.
fair and is the first meeting OF
Ouarles and Sarrom, who recently
won the title from Freddie Miller
in Miami.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03

Last year the post office depart
ment estimated that more than
$4,000, 1000 pieces of mail weigh
ing more than 100000 pounds
We're franked. - -, ~ -
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03

SOUTH ATLANTIC LEAGUE
Jacksonville !. Macon 8.
Columbus ut Columbia, mght
game. II.
Augusta ut Savannah, nlght
game.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03

in Charleston, S. c., has returned
home.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03
RESULTS

PIEDMONT LEAGUE
AshcvilIe :. Durham . I'll IN
ningS).
Norfolk .. Richmond ,.
Portsmouth 6. Rock Mount 7.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03

AMERICAN LEAGUE
Boston 1t. Cleveland u.
Detroit ). Philadelphia 1.
Chicago IL. New York ..
Washington -. st. LoulS II.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03

NATIONAL LEAGUE
New York-Chicago, rain.
Pittsburgh ), hoSt"u !.
St. Louis ). Brooklyn !;
Cincinnati .. Philadelphia :
might game).
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-03
PWA READY WITH
PROGRAM, MID JULY

Continued frer. page one)
The Washington times., 1936-12-23
STERRETT WILL
PAY BONUS

John A. Sterrett, president of
Sterrett Operating Service, dis
tributing all GNC truck and
trailer products in this vicinity,
announces a bonus for company
employees.
This bonus will range from
$500 to $4,000 and is based on
the rate of pay as we'll as period
of service for all employees who
were on the payroll prior to Jan
uary l, 1886.
Mr.. Sterrett states this bonus
is given in appreciation of the
helpful operation that has made
1886 a banner year. Such policies
are held largely responsible for
the tremendous growth of Ster-
rett Operating Service during the
past 16 years. Starting from
purely individual business in 1920,
with incorporation in 1923. their
1886 volume will total we'll over
$4,000, 100000.
Sterrett Operating Service con-
ducts four of the largest GMC
truck selling, leasing and servic-
ing establishments south of Phil
adelphia with over 220 people in
their organization.
The Washington times., 1936-12-23
Missouri Desperate
Kidnaps 7 for Auto

DONIPHAN, Mo-, Dec. %
GNSO.-Scores of State police
today searched Missouri for Claude
MCGEE, escaped convicted muir
derer, who last night kidnapped
two men for their automobile
which they later wrecked.
His victim, William D. Phillips,
Little Rock, Ark, and Morton
Scott, of Caruthersville, Mo-, were
released near Poplar Bluff, Mo.
MCGEE escaped from the Benton
(Mo) jail November 18. where he
was awaiting execution for the
murder of w. T. Carlton, of Ben
ton, during a holdup.
The Washington times., 1936-12-23
50 N. Y. SHARES
0FFF0RWEE

The market value of SO repre-
sentative stocks listed on the New
York Stock Exchange at the close
of business for the week ended
December 19 was $22,271 ,298, ,625,
a decrease of $435,O91,75O, or 1872
per cent, as compared with $22,-
zoe, 6,390,375 at the close of the pre-
ceding week, according to Paul
H. Davis and Company.
At the close of the correspond
ing week a year ago, the same
stocks had a market value of
$16,978, ,096, ,625, indicating an in
crease during the year of $685.
202, 900, or Bib.
Twenty-Five representative stocks
listed on the Chicago Stock Ex-
change had market value at the
close of business for the week
ended December 10 of $1,048,201,- :
375, an increase of $7,206,750. or
0.69, as compared with $1,040,
994,625 at the close of the previ-
Gus week, the firm said.
At the close of the correspond
ing week a year ago, the same
Is stocks had a market value of
$820,807 500, indicating an in
crease during the year of $227,-
393, 1915, or 1880 per cent.
The Washington times., 1936-12-23
INCOME RISES
FOR BIN. 7.

Net income of the Brooklyn
Manhattan Transit System, in
cluding Brooklyn and Queens
Transit System, for the five
months ended November 80, is re-
ported to be $4,000 ,230 after Fed
eral income taxes, depreciation, re-
serve for amortization Of lease
hold investment under contract
No. 4, interest and minority in
terest, but without provision for
the Surtax on undistributed
profits.
This was equal after allowing
for dividend requirements on the
$6 preferred stock to $1.87 a share
on common.
In the like period a year ago
net income was 81, ,666,877 or $1.42
a common share.
For November alone net income
was $372,535, against $443,245 in
November, 1885.
Brooklyn and Queens Transit
System for the five months ended
November 80 reports net income
of $244,419 after taxes and
charges, equal to So cents a share
on the Sc preferred stock on which
there is an accumulation of un-
paid dividends. No provision was
made for the Federal surtax on
undiStributed profits. This com.
pareS with net income of $401, ,68S
or $1.42 a preferred share in the
like period a year ago.
The Washington times., 1936-12-23
BANKS DIVIDED
ON CHARGES

Although many local banks
yesterday were not in receipt of
an order of the Federal Reserve
Board directing that commercial
banks cease giving free service on
February /, interest in the order,
as reported, was keen.
Free service, according to infor-
nation obtained in the financial
district yesterday, covers many
items to which both banks and
customers have become accus-
toned, such as the supplying by
the bank of income tax state
mentS, check books which come
under the heading of necessary
stationery and were furnished
free unless especially printed for
customers, free collections by the
bank for customers and similar
services which have at times be-
come burdensome.
1t is thought that the new
ruling results from reduction in
earnings by banks, due primarily
to the present small demand for
credit and the low rate of return
on investments.
The present ruling is similar to
one withdrawn year or more
ago and seems to put the banks
right back to the old NRA re-
quirements.
One question which is thought
likely to come up is that of the
old service charge on checks.
Many bankers approve the new
order, but there are some who
take the other side of the ques-
ton and look upon it as one
more governmental restriction
upon business.
Similar ling may be made
by the Federal Deposit Insurance
Corporation covering all insured
banks, whether members of the
Federal Reserve System or not,
and State banks, Of course, may
be affected through a ruling by
State banking authorities.
The Washington times., 1936-12-23
STRICT BIDDER
RULES BLOCK
NAVY STEEL

Provisions of the Walsh-Healy
act were again charged with ham.
pering Government purchase Of
supplies, with the disclosure today
that latest Navy Department ad-
vertisments for steel resulted in
bids on only half the quantity
desired.
The material for which the bids
were opened yesterday was 1,700,-
900 pounds of steel for construc-
tion and repair of destroyerS. Bids
on an aggregate amount of ap-
proximately 100000 pounds were
made, it was learned.
United Drive Seen
The restriction of bids was in
terpreted by Nay men as further
evidence Of concerted action by
manufacturers and fabricatorS, to
force through Government pur-
chasing agencies, exemptions from
the stipulations of the Walsh
Healy measure. These call for
outlawing of child labor, payment
of prevailing wage scales and
operation of a i0-hour work week
by all establishments contracting
with the Government for amounts
over $4,000.
Last week, bids were received on
from 100000 pounds to 17,000,-
900 pounds of steel. According to
Navy spokesmen, many of the con-
tract offers were qualified on the
basis that the Walsh-Healy act
would not apply, while in other
instances bids which had been
anticipated failed to materialize.
No Bids Received
Earlier in the month, a virtual
strike was called against the
Walsh-Healy acS when producers
failed to make a single bid on
100000 pounds of copper which
the Navy wanted to buy.
Consideration is being given by
the Navy Department to proposed
applications to the Labor Depart
ment for exemption from provi-
sions of the act, it was learned.
AS far as current steel bids are
concerned, however, no requests
for waivers of stipulations have
been received by the Labor De-
partment from the Navy, accord
ing to Secretary of Labor Per
kinS.
The Washington times., 1936-12-23
Woshinqton Produce Markets

@I25: 2hinch minimum, &1.25 @1.35;
few, $3.50. Boxes Virginia, combina-
$1.65@2; Delicious, $1.75 62.25; c grade,
Staymans, &1.4Oq1.65; Delicious, $3.50 q
1.75.
Carr0ts-Three California arrived: :
cars diverted; broken and unbroken
cars on track. Supplies moderate; de-
mand moderated market steady. Cali
fornia, Western lettuce crates, 6 dozen,
$2.75. Pennsylvania, bushel baskets.
topped, washed. 81.
Cabbage-One Pennsylvania arrived; l
car diverted: / broken and l unbroken
cars on track. Truck receipts moderate: /:
supplies liberal; demand moderate; mar
ket steady: ~ bushel hampers: South
Carolina. Pointed type, freight receipts
mostly around 81, truck receipts, packed
locally, 75@SOc. New York, 50-lb. sacks,
Domestic Round type, zoe.
CauliflOwer-No carlot arrivals; 1
broken car on track. Supplies moderate; !;
demand moderate; market steady. Cali
fornia. crates. $l.7502.
Celery-Four California arrived 1 car
diverted; Z broken and unbroken cars
on track. Supplies moderate; demand
Il crates. individually washed and pre-
cooled, $25O few higher.
Lettuce-One Arizona, 1 California ar
rived; 6 broken and unbroken cars on
track. Supplies liberal; demand moder-
ate: market steady. Western crates, lee
berg type, 5 dozen: Arizona. $2.75@3:
California, fair condition. $2.25 62.50;
Florida. l y -bushel hampers, Big Boston
type, $1@1.25.
l.. {. L. EXPRESS ARRIVALS
FlOrida-45 lugs avocados, 81 crates
eggplant; 81 bushel baskets lettuce, rs
bushel baskets Okra.
CalifOrnia-64 lugs avocados.
New York State-20 crates brussels
sprouts.
PennsyIvania-22O s-lb baskets mush-
rooms.
Unknown Origin-53 crates mixed
vegetables.
The Washington times., 1936-12-23

MARKET STAYS
FIRM DESPITE
PR0F|T|NG
BY LESLIE GOULD

NEW YORK, Dec. % Q.N.S).
The market was forced to absorb
moderate profittaking today but
stocks generally maintained a
firm tone with a few individual
issues chalking up wide gains.
Earlier leadership, furnished by
coppers, rails, steels and motors,
was taken over by oils.
Texas Corporation led petro.
leum shares upward, squirting
over point to a new 1886 peak at
SO. Phillips Petroleum, Standard
of Indiana and Standard of New
Jersey also gained more than a
point each.
Coppers lost first hour gains,
with a few slipping behind minus
signs. Miami and Inspiration
Copper, though, were actively
higher at new peaks for the year.
Steels, rails and motors retained
small portions of initial gains.
Aviations and farm impliments
displayed a firm tone. Utilities
were little changed.
Nash and Kelvinator were
strong. American Telephone
spurted close to 3 points. Yellow
Truck and, Newport were in de-
Inand.
Bonds ruled generally higher.
The Washington times., 1936-12-23
COTTON HOLDS
EARLY GAINS

NEW YORK, Dec. % G.N.SO.
Maintaining initial gains in later
trading, but failing to further ad-
vance prices, cotton futures ruled
at moderately higher levels today,
gains falling just short of a half
dollar bale.
Volume was fair as trade de-
mand at lower levels prevailing
after recent declines, bolStered the
list.
The feature of the market was
buying of the new crop months by
trade interests and Wall Street,
establishing gains of a few more
points in these deliveries than in
other months. Liverpool and the
Far East were supporting March,
May, and July. Spot houses, New
Orleans, and the South were con-
tributing the staple.
Towards noon prices remained
in a narrow range with March
quoted at 1915 up 4, May 1908
up 7, July 1199 up 6, and Octo-
ber 1854 up 9 points.
The Washington times., 1936-12-23
METAL SHARES
RISE ON CURB

NEW YORK. Dec. % G.N.S).
Although minor irregularities were
in evidence and scattered profit
taking developed after the first
hour, curb stocks continued at
generally higher levels in morning
trading today, with the oils and
metals in the van of the advance.
Further indications of strength
in the metal price structure sent
mining shares substantially higher
again today. Newmont scared
more than 3 points to 118 and
Eagle Picher Lead reached a new
high at 1873, up 15s.
Creole was in the van of gen.
orally higher petroleum list, climb
ing almost 2 points in continued
heavy demand, before realization
developed.
Much of the earlier easiness Of
utility shares was erased as better
buying came into the group. Elec-
trio Bond and Share, Empire Gas
preferred issues and United Light
issues were fractionally improved.
The Washington times., 1936-12-23
New Financing Seen
Curb on Initiation

The removal of one factor likely
to contribute to runaway stock
market is seen in the increasing
volume of new capital issues now
in evidence, according to Robert
E. Stanlaws, president of Wyckoff
Associates, Inc.
Funds which are in competition
for the relatively limited supply of
existing securities, one cause of
the present high market level, will
1T was said. be diverted into new
issues in steadily rising amounts
Mr., Stanlaws added:
"FOllOwing a four-year period
in which new corporate finaIic.
ing was relatively at a Standstill,
evidence of its resumption was ,
seen in 1885, with the mOdifica-
. ton of the Federal Securities
. Act of 1888, and further SubStan-
tiaI progress has been made in
1886. 1t appears that the money
cycle has progressed to a point
where the flow of funds for new
corporate purposes should con-
tinue at an increasing pace. Add
ed stimulus to this new financ-
ing may be expected as a result
of the effects of the undistrjb-
uted surplus tax, which should
tend to force corporations to
seek new money to finance ex-
pansion.
During the first 10 months
Of 1886, the volume of corporate
issues for new capital purposes
totaled approximately S865, ,OOO,-
900, equal to almost three times