davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25
Law REVISING
TAXABLESH
FAR REACHING
Taxes Money on Hand, Ac.
counts Receivable; Non
Residents Affected

Taxes on band deposits, money
on hand, accounts receivable, ma
tured insurance policies, bonds
and notes, shares Of stock, and
other intangibles are levied under
the provisions of Article VIII,
schedule II, Of the revenue act.
The article, entitled Intangible
Personal Property, was ratified
by the assembly on March IS.
Non-residents. corporations and
individuals, are brought under
the act in certain cases.
Counties and municipalities in
the counties share in the taxes
collected under the article.
A summary Of the article is rs
follows:
BANK DEPOSITS
All money on deposit in any
commercial, industrial, savings
bank, trust company or corpora
ton doing a banking business, in
Guiding certificates of deposit,
and postal savings, in or out OF
this state, belonging to or held
in trust for a resident of this
state, and including non-residents
having a business situs in this
state shall be taxed at the rate
of 10 cents on every 500, with
out deduction for indebtedness or
liabilities.
Banks are required to set up
the credit balance Of depositors
on the 18th day of March, June,
September, and December, and
the tax will be paid on the aver.
age. Accounts of less than $lOO
shall be disregarded. The tax will
be collected on December 81 OF
each year from the depositors
account and paid to the state on
March Is. Accounts closed out
during the year will be reported
by the bank and collected by the
revenue department.
MONEY ON HAND
An money on hand on Deem
Der 81, held by resident individ-
uals and corporations and non
residents having a business situs
will be taxed at the rate OF ~
cents on each 500 in excess OF
$500. ,
ACCOUNTS RECEIVABLE :,
All accounts receivable held
on December 81 of individuals
and corporations, in excess OF
current bills payable, and not IN,
Guiding bills payable on capital
outlay, will be taxed at the rate
of rs cents per $500 Of the lace
aylue in excess of $500.
INSURANCE POLICIES -,
All sums left on deposit with
insurance companies, the prlnGi-
nal of which is subject to with
drawal, or evidences Of DEBT py
building and loan associations
other than obligations to and on
account of shares OF STOCK 10
shareholders, belonging to a res Is,
ident, or held as trust funds oy
court clerks, executors, admins
traitors, trustees, or other tiduei-
aries shall be taxed ut the rate
Continued on page six)
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25
EUROPE SPLIT INTO FASCIST
AND ANTI-FASCIST CAMPS
BYSPANISH NEUTRALITY ROW
Britain, France, Russia All
Determined Not to Let
Mussolini Carry Spain
for Fascism
By UNITED PRESS

The re-armed natlonS Oh Eu-
rope are equipped for a conflict,
if anybody starts one.
Divided into two hostile camps
over the Spanish conflict, Britain
and France are allied with COM
munist Russia and appeared de-
termined to prevent Mussolini
from winning the war for Spanish
rebels and creating q fascist state
in Spain.
Italy and Germany resisted eff
forts to block their undercover
intervention. The situation is
tense. Relations are more strain
ed than at any time since the
Ethiopian crisis.
Copyright, 1887, by United Press
LONDON, March %. (UP).-
The nations Of Europe, confront
ed by q crisis more foreboding
than any in postwar times, sud.
denly split into communist and
fascist camps last night during an
angry session Of the international
committee for non-intervention in
Spain.
The long-fermenting enmity be-
tween communist and fascist pow
ers on the continent-fanned by
Premier Benito Mussolini's defiant
speech Tuesday to 100000 Black
shirts in Rome - burst without
warning on the neutrality COM
mittee.
Ivan Maisky, Russian ambassa-
dor, appeared before a plenary
session of the committee and pre-
sented an official note from Mos
COW asking that investigators be
sent to the backgrounds of Spain
to learn how many Italians are
fighting with the rebel armies.
1t was time, he said. that the
committee checked up on the
whole situation in Spain.
The Russian note was sharp
answer to Mussolini, who sent his
ambassador to London, Dino Gran
di, before the committee yesterday
to announce that Italy refuses abb
solutely to consider the withdraw
al of any Italian volunteers from
Spain.
Maisky asked that the neutral
ity committees investigators at
temnt to determine how many
Italians have been sent to the
rebel generalissimo, Francisco
Franco, since the international
embargo on volunteers became ell
fective Feb. 20.
Finally, he said, it should be
determined whether the Italians
in Spain include any units OF Mus
solini's regular army.
Grandi, dapper in his well-cut
clothes and jet black goatee,
flushed with anger as he listened
to the reading of the Russian
note.
"This is a provocative notep
he retorted.
"The representative of Commu-
mist Russia will receive a reply
from the Italian government
which he deserves"
The fascist nations Of Europe
through their representatives,
came quickly to Grandi's side:
Joachim Won Ribbentrop, Ger
man ambassador, denounced the
Russian note as "hypocritical."
Armindo Rodriguez de Sttau
Monteiro, the Portuguese repre-
sentative, charged that the Soviet
action violated the neutrality COM
Continued on page three)
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25
NETER WRECKS IS
HOMES IN KENTUCKY
BY UNITED PRESS

- 800 A1 NNASS
,"1ent storms today swept the
, ,o states, cnyeloping the
' uosSa IN binding snow and the
,sIiaNest in dust clouds and
g aa'nS cyclone wreckage across
S., i'1r persons were left dead
po'' others are missing.
s-S6 5CIperty damage was set ut
a., -, storms gnawcd at farm
n, I I'm u parts of Texas, Oklaho-
Kansas and Colorado.
I,t o'zl S,S swept the Dakotas,
:, IN n. Minnesota and reached in
an, wisconsin, Illinois and Indi-
Dse'onlc winds demolished Is
ninT ,s at A. Winchester, KY, and
h ''e' - persons, seven serious
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25
WITHDRAWAL
BEGUN AFTER
NOON, TODAY
Negotiations on Wages,
Hours, U.A.W. Recogni-
ton Will 20 Forward
TRUCE IS EFFECTIVE
WITH EVACUATION

DETROIT, March 25.-(UP)-
Six thousand sit-dowp strikers be-
gan marching out Of Chrysler Cor
poration plants shortly after noon
today.
Negotiations on wages, hours,
and recognition of the JAW as q
bargaining agency will continue
under the truce reached by John
L. Lewis and Walter P. Chrysler
of the Chrysler Motor Corp.
LANSING, Mich, March 49,
(UP).-John L. Lewis and Wal
ter P. Chrysler reached a truce
last night in a 17-dav strike that
has closed nine Chrysler Corpora
ton plants and thrown 10000 per-
sons out of work.
Face to face in Governor Frank
Murphy's office, the chairman Of
the Committee for Industrial Or
ganization and the head Of the au-
tomobile concern agreed to con-
tinue their conferences provided
sit-down strikers were out Of all
Chrysler plants by 10 q. m. today.
The fact that strikers were still
in the plants after this deadline
will not affect the plans to pro-
coed further with the negotiations.
Lewis said he would ask the 5000
sit-downers to dispense.
In return, Chrysler agreed that
no attempt would be made 70 re-
sumo the production Of automo-
biles in the nine plants and that
no tools, dies or machinery would
be removed from them.
The truce came after eight and
o half hours Of negotiations
around the same table at which
Gov. Murphy was able to bring
about q settlement In the General
Motors strike.
Lewis came out Of the confer
ence with his hair rumpled and .
tired expression on his face, but
he apparently was pleased with
the truce.
"Our representatives" he said,
twill at once ask the men in the
plants to comply with this agree
ment. They will return to Detroit
as soon as they can"
No immediate statement was
made concerning the unions de-
mand that 1t be declared the sole
bargaining agency for all Chrys.
Ter employees, and 1t was presumed
that this point was one Of those
that will be negotiated later.
Murphy, suffering from q cold,
smiled happily as he made public
q letter to the United Automobile
Workers union announcing the
truce.
81 am very grateful" he said,
"for the attitude shown by Mr..
Chrysler, Mr.. Lewis and their as
sociates."
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25
SEVEN DIE IN
JERSEY BLAZE

JERSEY CITY, March %. -
OCP).-Seven persons were burn
ed to death in a fire that swept a
three-story frame building here
today. All were trapped on the
top floor and all burned while IN
bed Physicians said they had
been overcome by smoke before
the flames reached them.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25
NEW DEMANDS FOR
u. S. NAU INQUIRY

WASHINGTON. Mar. 25 CUP
The house rules committee yester.
day heard renewed demands Tor
an investigation Of allegedly sub
versiye Nazi activities in this
country. Chairman John ]. O'Con-
nor. Dem, N. Y, said q telegram
from Fritz Kuhn informed him
that the 'German-American Bund'
welcomed a congressional inquiry.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25

followed BY
CRASH-BLAzE
DE,,ards, Cyclones, Dust
,tou,s Sweeping Gen.
trail States
1 DEAD, 4 MISSING
IN KENTUCKY STORM

SALEM. H., March %. (UP
r,,,r;,iss in the burning bus
r,,,5y today reached 20 with
=, death Of Mrs. Emily Thomas.
1, inoaes. has been called to de-
,,-iDs the cause of the wreck.
Nineteen persons. including
.,r,n women and 4 four-year-old
= had been killed or burned
= 5,s,h late yesterday when a
:. New 4 tire. overturned and
s.--et ,hgyc miles west of here.
yi,,jms O. the tragedy were
.,.,r,,sn,S or concession men
king .or Roller Derby, Inc.
:, organization that stages roller
,I,,irr mayathOrS throughout the
,as:yy. The party was enroute
iy- s.. Louis. where 4 derby
I,j Jus, closed, 20 Cincinnati,
s.4r, a derby was 20 open today.
Twen.y.lcur persons were on
4, bus The five surviving last
ia, were taken 70 the Salem
CCrmur!ty hospital where four
gsre IN 4 critical condition.
Fourteen Of the bodies, most
q them burned beyond recogni-
tor. were placed in the morgue
,,r ana iive were taken 10 the
zorgur q. nearby Patoka, Ill. Red
CyOS, officials last night confirm
ID the report that 10 were killed
AMI Ina, all bodies were recover
I'd.
AL o: the 10 known dead were
tentatively identified through rec
CyiS o! the Roller Derby, Inc, or
anla.iOr.
The accident occurred three
niles west Of here when the bus
b.rx a iron, tire while crossing
t0Gtrr,r bridge over q small
creek running through a valley.
The machine turned over on its
E'!e md burS, into flames, trap
?.lg most OF the occupants.
No one Witnessed the accident
b, nearby motorists soon obServ-
9. tie flames and notified au-
Ao'l,!es mere who rushed all
available hre fighting and ambu-
alte equipment 20 the scene.
he location OF the bus on the
bridge, which permitted an APP
HIoaca from only two directions,
'2atcappet fire fighters.
Richard Thomas of Chicago,
diver Of the bus. was hurled
Though the windshield. Four 9TH
g'S, apparently seated in the
''ont hear tho driver, were res
s.rt.
Survivors told authorities that
NE bus seemed to explode"
!ae motor was torn from the
!iameworS and hurled clear of
ne Sreckage. The fire obviously
developed the entire bus instant
j.
-Four bodies, near the door,
seie soon recovered. II was hours
ye'ore the others were removed,
We partly TO the location Of the
Us and the intense heat.
W Charles Kerrigan, Marion
%lh'y Coroner, said an investiga-
Soa determined that a blown
=, ure caused the accident
=. tas Gus was probably travelling
40 " miles per hour, officials
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25
ARSON is CHARGED

up, CGliEz, Miss, March 25.-
co.oy-Coen Miller, 81. former
,or ~ Of the Miller-Webb Mo-
loss ~ D. which burned with heavy
mads S :, last winter, last night
dictsd !. 200 bond after being in
shar0SsIo S The grand jury on arson
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25
II HURT In BLAST
AT JAP NAVAL BASE

TOKYO, March rs. (UP).
Twelve persons were injured to-
day in an explosion Of bombs at
Tateyama naval base during prac-
tice. No details Of the explosion
was made public.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25
FIVE ARRESTED IN
ALLEGED MILLION
DOLLAR GOLD THEFT

DEADWooD, s. D., March rs.
Secret service agents today
held five men who allegedly tun-
neled under Homestake Mine, the
richest in the world, and carried
away one million dollars in gold.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25
TAXI MEN STRIKE

DETROIT, March 25.-(UP).
lido s. Andres, president Of the
Checker Taxicab Co., announced
last night that drivers of 615 cabs
had gone on strike.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25
WEDNESDAY

WEDNESDAY,
Maximum-62 degrees. Mini
mum-37 degrees. Mean-49.5
degrees. Days range-26 degrees.
Precipitation-.14 inch.
Normal mean temperature for
March-47.6 degrees. Normal
rainfall for March-5.50 inches.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25
WEATHER

Party ~. decidedly colder with
res ton'S ,onich, and Friday.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-03-25
GOOD AFTERNOON

China seems to have . new
done cure. One shot, and the vic.
tim is cured Of addiction, and
breathing.
The Washington times., 1937-03-19
N. Y. LIFE CO.
LISTS ASSETS

The assets of the New York
Life Insurance Company, as of
December 81, aggregated $2,4O4,-
236,413, according to the COM
pany's statement.
United States Government di-
rect, or fully guaranteed, bonds ac-
counted for 1881 per cent of these
assets, while 1881 per cent was in
first mortgages on city properties,
1872 per cent on policy loans, and
1852 per cent of it was in rail-
road bonds.
State, county, and municipal
bonds amounted to 9.49 per cent
of the total assets, public utility
bonds 8.98 per cent, and real es-
tate consumed SGT per cent.
The main liability shown by the
report is the insurance and an
nuity reserve which amounts to
$l,957, 100000. Dividends allowed
Continued on Page 33, Col. q
to remain with the company at
interest account for 100000, 900
and the value at this time of
future installment payments is
$97 100000.
The company states that it has
a reserve for dividends payable to
policy holders exceeding $38,000,-
600, special investment reserve
of $50,000,000, and surplus funds
reserve for general contingencies
of $123,000,000.
The Washington times., 1937-03-19
Cotton Goods
AFTER CALL

NEW YORK, March 10 G.N.s).-Ths
cotton gray goods market ran into
virtual stalemate as many buyers re-
fused to deal on the basis of a new
contract eliminating terms which buyers
considered necessary for their protection.
Under the contract now sponsored by
sellers, in the event of mills inability
TO deliver goods on the contracted date,
the buyer would he unable to purchase
the cloth in the open market Charg ing
the difference in price to the mill. on
the goods that were sold. however. prices
were firm.
The Washington times., 1937-03-19
Cleveland Livestock

CLEVELAND, March 10 GN.s).
Hogs: Receipts 500; market steady TO
1Oc lower: action slow.
CattIe-Receipts 100; no good cattle
on sale; common grades and cows
steady.
CaIves-Receipts 100; market slow,
prives weak to soc lower.
sheep-Receipts 500; all grades weak
70 25e lower; market slow at the de-
cline.
The Washington times., 1937-03-19
Security Storage Co.
Declares Quarterly

The regular quarterly dividend
Of $l.25 per share on the capital
stock of the Security Storage Com
pany was declared payable April
10, to the stockholders of record
at the close of business April 6,
1887.
William j. Flather, jr., was
elected to the board of directors.
The Washington times., 1937-03-19

hear some inquiry among the ultra cautious as
to whether buyers strike may be in the
offing.
Men of certain age will all remember
how, at times in past booms, various groups
of people have shown more or less organized
resistance to price advances affecting some
commodity which they have had to buy. Some
times such ''buyers' strikes" seem to mark
the near approach of less prosperous times.
At other times. however, these movements
have proved to be mere growing pains. In
little while the resistance passes sometimes
because the buyers begin to get more money
The Washington times., 1937-03-19

themselves and do not feel the price advance so keeny
At present does not to me that we are in any i'm
mediate danger of important buyer price resistance
In the first place sign of it in industrial buying
Prices have for producs but than that most
raw material prices yet high comparison with
finished goods prices losses to manufacturers
This is partly due to the fact that we'll down to the present
manufacturers in general have not been operating at maximum
capacity There have been chances for economies that bring
lower operating costs per unit.
Partly it due to the growth of forward buying For
GOOD manv months manufacturers have anticipated higher
nes Tor labor cutes and have bought ahead This does
not necessarily that they have accumulated Inventories
Mostly it accumuatons of untitled orders the books
of the producers of materials.
The Washington times., 1937-03-19
Such is the case with steel.

Such is the case with Steel
Steel prices have ren both in the fourth quarter of 1886
and very recenty-th last being very sharp But IN ad
vance the 1886 markup buyers notice. and
dered ahead And during the February period this
year. they higher prices and placed orders IN ad
So now the companies have very large untitled orders
perhaps larger than in 1929.
But these at lower prices than prevail and
most large buyers thus able hold off raising
the things they manufacture to raise them gradually
Meanwhile the steel producers operating at maximum
getting low manufacturing costs per ton.
Incidentally find the statistical evidence to be that stocks of
producers hands have declined since last November
low More than that stocks of merchant iron
depeed-a symptom that danger of oveproduction not
As to srkes by ultimate buyers of food and
Clothes evidence of them, any probability that
they will develop
One interesting possibility to be considered here that in
these days of soca planning" and managed currency the
attempt creae purchasing power and give it to individuals
may postpone the buyers strike" This might allow in
aon develop further than usual result higher peak
of business activity.
Certainly at present that of organized labor
are to be raised fully as fast as living costs.
One big difficulty lies in the fixed incomes that
get IT, however, boost railway rates. and electricity
rates. and university professors salaries o. maybe all
do the upward spiral together.
The Washington times., 1937-03-19
HANEY T. 1; S:. n; Nc m ';;$ :; :; @ it,:
By LEWIS HANEY
Professor of Economics, New York University

Several important commodities have risen higher in
Drc than their average for any month in the 1929 BOOM
o hea are steel scran and zinc Already BEGINS to
The Washington times., 1937-03-19
NEW YORK STOCK EXCHANGE QUOTATIONS
Volume Yesterday
2,280,000 Shares

-1s3s37- .,. Net
High Dividend Rate High Low l2;tS Ch &c
Henderson daily dispatch., 1937-06-10

ICOntinued from Page One.)
vehicles were stopped and inspected
by patrolmen. Tickets for defective
lights were issued to 1888 drivers and
warnings issued to 6793 drivers who
were stopped for minor violations
Patrolmen also stopped and examined
the drivers licenses of 1O,548 drivers
Highway patrolmen also stopped
and weighed 2235 trucks and found
118 overloaded, recovered % stolen
automobiles, investigated 814 COM
plants and investigated 1873 accidents
in which 20 persons were killed and
1856 injured, the report shows
"Equipmenc tickets" showing
faulty equipment on cars, were issued
to 2,199 drivers and lights were cor
rected on 1896 cars. Courtesies were
extended to 2,083 motorists in need of
aid or assistance along the highways
Fatrolmen also examined 1891 appli-
cants for drivers license and approx
ed their applications.
Out of 1897 persons arrested by
patrolmen and tried during the
month of May, 1881 were convicted
and only 66 found not guilty, the re-
port shows.
A total in fines, costs and property
recovered by patrolmen during May
amounted to $69,9O1, divided as fol-
lows: value of property recoveted,
$19,395; total in fines imposed, $751;
600; total costs imposed, $19,506.
Henderson daily dispatch., 1937-06-10
DEALINGS LIGHT AS
STOCKS GO HIGHER
Prices Edge Up Very Slowly as Buy
'ers Maintain A Wary Atti-
CO. tude Generally

New York, June 10 (AP)-Selected
Stocks puffed upgrade in todays mar
ket, although many issues lacked re-
covery motive power Buyers main
tanned a wary attitude generally, and
dealings were extremely light through
out. Near the fourth hour advances
of fractions to two or more points
predominated.
Bonds improved in spots, and trans
fers apvroximated 100000 shares.
Henderson daily dispatch., 1937-06-10
Long Island Lady, Leader in
Society, Thought Kidnapped
CONTINUED from Page One.)

The investigators carefully wrapped
the axe and expected to make an
analysis of the stains, though it was
suggested the axe might have been
used to kill chickens.
The ransom note was found last
night shortly after Parsons, return
ing from a trip to New York City,
and finding his wife missing, notified
the State police barracks at Bay
Shore, on the south side of the island.
It was addressed to "Bill' Parsons.
The authorities would not disclose it's
contents. @f'%'
Henderson daily dispatch., 1937-06-10
[76daBG5IInle;s';'
PIEDMONT LEAGUE

PIEDMONT LEAGUE
Richmond at Winston Salem.
Charlotte at Rocky Mount.
Portsmouth at Asheville.
Durham at Norfolk.
AMERICAN LEAGUE
New York at Chicago. = ga
Philadelphia at Detroit.
Washington at st. Louis.
Boston at Cleveland.
NATIONAL LEAGUE
Pittsburgh at Philadelphia.
st. Louis at New York.
Cincinnati at Boston.
Chicago at Brooklyn.
Henderson daily dispatch., 1937-06-10

GENTLEMEN. keep your seuts
in comfortl Climb into HANEs
Shorts today. and see what it
mems to sit pretty. Here's room
to sit. stoop or stretch without
thinking you'll split in half.
Now look at the legs on HANES.
and you'll see the thigh that
doesn't bind! That's because
HANEs legs have an outshoot-
q generous flare from the waist
to the hem. Plenty Of clearance
Henderson daily dispatch., 1937-06-10
Chief Difficulty In Congress
Is In Finding Revenues
Continued from Page One.)

living in strike-bound plants
The Senate itself authorized crea-
ton of a special committee to inves-
tigate unemployment and relief pol
icies and to formulate permanent pro-
grams for handling them.
Elsewhere James Emory, general
counsel for the national Manufacture
ers Association, testified against wage
and hour provisions of the wage and
hour bill, and declared:
1--WE cannot believe that the labor
organizations of the United States
are unwilling to accept the same re-
sponsibility to the public within the
field of commerce that is properly
imposed upon business organiza-
tt4t'
Henderson daily dispatch., 1937-06-10

American Radiator .......... 81
American Telephone ....... 1859 3-8
American Tob B ............. 76
Anaconda -. -. -. ....... SO "a
Atlantic Coast Line ........... 50 IA
Atlantic Refining -. -. 500. 20 1-8
Bendix Aviation -. -. 49,. 20 1-8
Bethlehem Steel -. -. 800. IS 5-8
Chrysler -. -. -. -. .... ITO
Columbia Gas e. Elec Co 80. II IL
commercial -. =. -. 49,. II 1-8
Continental Oil Co -. -. -. Is IA
DUPONT -. -. -. .......... 1856 1-8
Electric Pow & Light -. 49,. 16 IL
General Electric -. -. 800. So
General Motors -. -, -. :. 50 ga
Llggett & Myers B -. .... SO SO
Montgomery Ward & Co 80. 81
Reynolds lob B ..... SO 3-4
Southern Railway -. -. 49,. SO 3-8
Standard Oil Co N J .. 65 1-2
5 Steel -. -. -. ..... SO 3-8