Hope Star from Hope, Arkansas on February 12, 1932 · Page 1
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Hope Star from Hope, Arkansas · Page 1

Hope, Arkansas
Issue Date:
Friday, February 12, 1932
Page 1
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ME 33-NUMBER HOPE, AMANSMf MPAY^ 1&, 1982,, 5th 10 Per Cent Arkansas Dividend Is Issued Friday W. S. Atkins, Liquidating Agent, Completes Half His Task MANY ASSETS LEFT $176,000 Balance Liabili ty May Be Covered by Other Resources Checks for the fifth 10-per cent dividend were mailed Friday to depositors of the Arkansas Bank Sc Trust Co., by W. S. Atkins, liquidating agent Friday's distribution of approximately $35,000 zrings the total returned to depositors of the closed bank to about $175,000. The Arkansas bank, now half paid out, is leading all banks in the state of $100,000 capitalization or over In refunding money to its creditors, Mr. Atkins made, public Friday a statement, of the present condition of assets and liabilities of the closed banking house, showing that on a lonp-term liquidation there is still a possibility of the bank paying off depositors 100 per cent. The highest estimate the liquidating agent has ever authorized, however, is 75 or 80 per cent, the balance depending upon successful sale of ret I estate. Total liabilities of the bank at its close November 17, 1930, were $484,367.75, Liabilities have been reduced to $176,505,53. Against the present liability figure the bank has the following assets: Notes receivable $154,386.81 Bonds and .securities $14,653.66, . County scrip $594.57 , Banking house (original book value) $27,500.00 • I own residences— Value not estimated. Against a tota.1 current liability of $176,505.53, the 'bank has assets of approximately $170,000, exclusive of the banking house, and all other real estate, Mr. Atkins' figures revealed. Ar previously announced, the real estate will probably be the last assets to be disposed of, in order to protect the depositors' interests as much as possible. Malvern Papers Are Consolidated Meteor and Times-Journal Combined by Claude M a n n MALVERN—Tho consolidation of the Mwlvcrn Meteor and Times-Journal IHLS b<k;n announced by Claude Mann, owner and publisher of the Times- Journal. Both papers arc weeklies and have been established Many years. Mr. Mann purchased the Meteor from Jas. T. Aldcrson, together with the subscription list and good will. He will begin publishing the combined paper, to be known as the Meteor-Journal, next week, publication date to be Thursday. The Malvcrn Meteor was established by J. P. Henderson in 1878, Mr. Henderson having served his distinct as Chancellor. Mr. Alderson has owned and published the Meteor for 16 years, having purchased the paper from the lulo Sam H. Emmkerson. The Times-Journal was established in 1884, Mr. Mann having owned and published the newspaper for the past 32 years. Both papers have been identified with civic improvements in Malvern, and have encouraged progressive moves. They have been a factor in the upbuilding of the city and have seen the town grow 1 * from a small village to its present size. Mr. Mann will give his full attention to the new consolidation and states that he expects to give the people of the county a first class weekly publication. Mr. Alderson has aleady completed his plans for rebuilding his office building, which was destroyed by fire December 4. He saTd he would es- tubjish a job shop, and will be ready '{or business us soon as machinery can be received. He will publish his last issue of the Meteor this week. Governors Meet to Aid Jobless Unemployment was the problem that drew the attention of these state Chief Executives as they conferred at Albany, N. Y. Left to right are Governor Norman S. Case of Rhode Island, "Governor Franklin D. Roosevelt of New York, Governor John G. Pollard of 1 Virginia, former Governor Cary Hardce of Florida, and Governor George Dern of Utah. Farm Loans Held to Reconstruction Corporation to Require Mort- gaihe/5'/2 Pet. Interest WASHINGTON —(ff)— Regulations placing a f400 limit on Individual loans to farmers from the $50,009,000 .set the Reconstruction Finance Corporation act Were announced Thursday by the Agriculture Department. Farmers who apply for loans, which are available in every state except Connecticut and Pennsylvania, will be required to give a first mortgage on their crops and pay a 5Vfe per cent interest rate. Connecticut and Pennsylvania state laws make no provision for such mortgages. Southern cotton and tobacco planters cannot obtain loans on more than 65 per cent of their 1931 acreage unless they planted less than 10 acres of cotton or three acres of tobacco. A heavy surplus of both crops exists, and efforts have been made to reduce production by voluntary action and by state laws. Loans to tenants of any one landowner in a single county will be limited to $1,600. Committees will be set up in each county to pass upon applications and loans will be made from eight regional offices. Congress last year made a total of $67,000,000 available for drouth imd storm victims for organizing agricultural credit corporations. Approximately $55,000,000 was loaned. The 1932 loans were intended primarily for farmers in sections where credit has become stringent due to bank failures, In counties where fertilizer is not commonly used, the maximum loan per acre under the new regulations will be $3 for all crops except truck crops, which will be J12, Where fertilizer is needed, the maximum loan will be $G except on tobacco and truck crops. In these cases J10 will be allowed for tobacco and $20 for truck crops. No more than $1 per acre of loans may be used for repairs and miscellaneous expenses of crop production other than seed fertilizer, feed for workstock and fuel and oil for trac- tora. No part of the loan may be used to pay debts or taxes. Special provision is made for the purchase of sprays or dusts to kill insects and plant diseases. MAPPER fANNY SAYS: HtQ. U. S. PAT. OFF. Lincoln Program Given By Nashville Legion NASHVILLE, Ark.—Members of the Nashville chapter of the American i Legion auxiliary attended a luncheon • at the Garner hotel Tuesday. | The program presented, commemo- ' rating Abraham Lincoln, was: "Star j Spangled Banner," all; repetition of, the "Pledge to the Flag," in unison;-; Early Life of Abraham Lincoln. Mrs. Josh Nichols; Lincoln's Early Political Career, Mrs. Forrest Wilson; "My Old Kentucky Home," sung by Miss Marguerite Woniack; Lincoln's First Administration, Mrs. William Gibson; Lincoln's Second Administration, Mrs. Jhwi Wepier, song, "Battle Hymn of QHCA Bulletins WASHINGTON -(£>)-The House Ways and Means Committee Friday agreed tentatively to increase the Income tax of both corporations and individuals and to levy a gift tax but did not make public the proposed rates. . GENEVA- — China appealed Friday' for a special meeting of the 1-eajrue of Nations assembly 'T 1 ^ist''»r "* charges against Dr.; JV. W. Yen? head of •ii.v Chinese delegation filed the' request but refused to discuss tlic move. It 1 appeared likely that the assembly would not be called for several days. WASHINGTON -(/?)- Senate leaders agreed Friday to vote Monday on the various employment bills now pending. A large attendance is expected at these Increased Tax On Bootlegger Urged Plan Provided by McAdoo for Relieving Government's Difficulty WASHINGTON —f/P)- Taxing the bootleggers and drug peddlers to the f^ill extent of their incomes was proposed Thursday by William G. McAdoo, formre Democratic secretary of the Treasury, as one way of ending the government's fiscal troubles. - The suggestion was made in a letter to Senator Walsh, pemocratic, Montana, who had sought his views on new methods of taxation. McAdoo wrote that if reports were true that bootleggers were malting $1,500,000,000 annually and it was the government's duty to "take the entire amount of such profits through taxation." "It may not be possible," he added, "to collect 100 per cent of the illegal income, but certainly the wholesalers, the crux of the problem, can be reached, 'and if they should be driven out of business the small operators or retailer will find it difficult to ply his nefarious trade. "Those who argue that the government should not tax unlawful business fail to realize that if incomes from.il- licit operations are exempted from or permitted to escape taxation, while incomes from lawful operations are not, the criminal is rewarded and the honest man is punished." In the House Chairman Crisp of the Ways and Means Committee appealed to the county to supply more taxes and urged Congress to approve a revenue bill to balance the federal budget. He told the House that a balanced budget was essential to economic recovery and that $1,241,000,000 in additional revenue was necessary to eliminate the Treasury deficit in 1933. Crisp, a Democrat, had just come from the committee room, where he appointed a subgroup to consider a one or two per cent general manu- facurers sales tax. Two other subcommittees were designated to recommend increases in income taxes, both individual and corporate, and to draft .gift tax legislation. The manufacturers sales tax has strong support and it appears that it will be the big item on the bill. McAdoo proposed taxes 011 imported crude oil and gasoline, on passports for the remainder of 1932, and on the iuitial offering of all foreign securities in the United States. CUBDON—Arch Buchanan, 30 negro Defect in Bishop Cannon Case F< by Supreme Indictments Charged Vi lation of Corrupt Pna&L tice. Act in 1928 " LONG IN THE COURTS Constitutionality of thlfe Charge* Are Disputed by; Court in Report ;, WASHINGTON -(*)- The District of Columbia supreme court Friday sustained demurrers of Bishop Janiis Cannon, Jr.; and his former secretary, Miss Ada Burroughs, to their-indictments on charges of violating the corrupt practces act. . " The churchman and Miss Burroughs were indicted on charges that thiy failed to complete their reports of expenditures made in their activities against Alfred £. Smith in the 1928 presidential campagn. . ' • .' •:>'! The demurrer disputed the consU- tutionallity of the corrupt practices act requiring that such reports .'.be filed with the clerk of the house of representatives. ' '\\ •• It was hcldftSy-.the court that therirt- dictments w*e" defective in failing to charge Miss Burroughs had knowledge of contributions made to Bishop (Cari 4 non by K. C. Jameson, New York insurance man, saying that it was unnecessary to pass on the constitutionality of the act The case has been in the court* for a number of years. Blackwood Asked to Board Meeting • •'-•..,» -j--^' -;""-''. :d ..-' •,';'": • -™ 1 Date for Investigation of Highway Department to Be Set ; LITTLE ROCK —(#)—. The State Highway Audit Commission Friday asked Dwight Blackwood, chairman of the highway commission to meet its members in conference Friday* afternoon, at which time a date for the first hearing' of evidence in an audt investigation of the highway department will be set. The Commission also is expected to decide whether the hearings will be public. Nashville Man Is Farm Loan Member Dr. W. H. Toland Leaves for Washington Post Tuesday NASHVILLEr-Dr, W, H. Toland left Tuesday night for Washington, D. C. as a member of the Arkansas delegation which was scheduled for a conference with the Reconstruction Finance Corporation Thursday in regard to securing relief for closed banks in Arkansas. Dr. Toland was selected by Bank Commissioner Walter, E. Taylor as a member of the delegation, Dr. Toland being selected to present a plea for federal crop loans to the farmers of the state. After Dr. Toland left the city advice was received that the conference had been postponed until next Monday, it being hoped that affairs w\& be in better condition for the corrterence at that time. Others in the delegation are Walter E. Taylor, state bank commissioner, Sam J. Wilson, liquidating agent for the American Exchange Trust Company of Little Rock, arid C. Hamilton Moses, Little Rock attorney. Youths Injured in , Strenuoui Jousting '-•CAMtt3, La. -^(/HK^ttorttt Smith mid his c6usih» Arthur 'Smith, each IT, Wednesday night took two hoj-ses to a "downtown street, mounted them at 1M yards apart and started them in a gallop. The horses collided head-on. One horse' Was killed arid iheother was hart probably fatally. The riders were knocked temporarily unconscious and Arthur Smith received a crushed jaw. Law and Medicine Split on Insanity Dr. A. C. Kolb Discusses Mental Diseases Before Rotary Group . A study of insanity, useful to every .day citizens who may sometime be called for jury service in the criminaj > courts where, insanity is introduced as a defense plea, was given to Hope Rotary club Friday by Dr. A. C. Kolb, well .known Hope specialist. . '.'.'• 'Law and medicine never have been able to recah a common ground where 'insanity is an issue," Dr. Kolb observed'.. •' ''The' law is concerned with mental disease only -when It enters into a criminal act, or the disposal of property in a civil case. , j "But medicine is concerned with the task of restoring the menially diseased individual to normal health. ; "The public generally thinks of person as insane only when he is unable to recognize people around him. Actually, the most dangerously insane is the person suffering from a mentaL disease but with such; orderly processes that 1 he is able to convince PlS *h^ he feaane^^o^^ Fighting Resumed On Wciosung Front After Brief Truce Japanese Bombard Villages and ForU Occupied by Chinese START PEACE MOVE Chinese Merchants Seek Help Through Foreign inisters ,, — — (/P)— ' Japanese warships and'artillery swung into action on the Woosung front'soon after this mornings brief truce had expired. They bombarded the villages and forts where the Chinese were still hanging on stubbornly and machine guns on both Sides of the river picked away at each other. The Japanese said they had killed a considerable number of the enemy and each'accused the other of starting the fighting again. A new' movement for peace, through the meditation of Nelson T. Johnson, United.States Minister to China and the British and French Ministers was begun Friday by Chinese merchants here. * * Columbus Girls Beat Pocahontas Randolph County Team Was Undefeated Until Thursday Night Columbus high school girls, won both an honor for themselves and for Hempstead county Thursday night at the local high scool gymnasium, wen they defeated the Pocahontas high school quintet. The Pocahontas team stopped over here en route to Ashdown, where they will oppose the Ashdown girls in a game Friday night. Ashdown and Pocahoutas up until Thursday night were among the two undefeated teams study .of insanity downIthrough ages. The ancient Egyptians, Greeks and Hebrews thought an insane person was possessed of evil spirits. In time these ancient people learned that it was a physical affliction. But hi A. D. 300 the world reverted to a su- perstititious view again. It was not until the 18th century, Dr. Kplb said, that' the French first led the civilized peoples to an intelligent view of insanity as a physical ailment much like other bodily handicaps. Since then, the speaker pointed out, insanity in its many forms, some of them more minor disorders and relatively harmless, has been on the increase. He quoted official figures from the state institutions •of New York to show that the'index of insanity, cases per 100,000 population had risen from 65 in 1910, to 70 in 1920, and 77 in 1930, "There arc two general classes of mental disease, the'defectives, and the quantative cases," Dr. Kolb said, "Defectives include idiots, with brain development almost absent, no power to speak, and rarely attaining a mental age beyond 2 years; imbeciles, with partly developed brains and a- mental age of 3 to 7 years; and morons, who, where devoid of love, sympathy and other human'emotions, are dangerous criminals, but othrewise may- travel along peaceful pursuits all their lives and make good, orderly citizens." The quantative cases, Dr. Kolb divided into persons suffreing from halicunations, in which the senses proclaim an object where no object exsits; illusions, in which the senses detect a real object, but misinterpret it as somehting else; and delusions, this last ailment setting up an orderly misinterpretation of things around tre individual, making him abnormal only in minor matters of behavior. Prt Kolb paid particular attention to the mental disease dementia praecox, so frequently mentioned in criminal trials. This, he said, occurs usually from ages 15 to 30, and generally may be traced to some departure from normal previously in the individual's family tree, 'There are two types of dementia praecox," Dr. Kolb said, "the paranoid type, with delusions of persecution and grandeur, but deteriorating until the individual becomes a mild imbecile; and the paranoia type, in which the characteristics of the paranoid arc manifest, but without deterioration, so that the public never is furnished with visual evidence than the individual is insane. The paranoia type, therefore, is the most dangerous. The individual suffering from this type may continue in 'society, supposedly sane, because he is able to convince others than he is, and without that deterioration which reveals him to be out of touch /with society." in the state, but the game Thursday night made a black mark in the record of the Randolph countians. of Smithton, was instantly killed Wednesday night on Caney bridge crossing just north of the city 'limits by the second section of No. 64 cf -~^~- ... »-w» w , ». the Missouri Pacific. He was struck in I have a ganw^o.edute4^Uh*th"e Wta- the head. He is survived by his wife eral Swings girls, to to played »t the and three children. I local high school. Friday night the Columbus t«ara Hold-Up Attempt Charged to Woman Mrs. Edith Smith of Wy, oniing, With Daughter, , Held at BentqvUle ' ¥ iffij H * -.•"• t \ * fc r " BENTONVILLE-Mrs. Edith Smith, aged 42, said' to be from Casper, Wyo., Community Singing Pate U Announced A community singing announced to be held next Sunday at the Garrett Memorial Baptist Church of this city has been postponed until the fourth Sunday of the month, which will be the 28th. An Invitation hag been extended to Fi-ank Jones of Sbxevepprt, La., who u well known as a stager in this sec- UQB, to attend. **&£& . , ., *»S$h*&3Sir*^' old daughter?!?, being helfl „ Benton county jail. , When the woman is said to have appeared at the ticket window, saying •!0lve me, $5 or I will shoot," the cashier, Mrs. Payne Kilbpurne, told heir td WaU and called Mr. Kilbourne, manager of the theater, who held the woman until Sheriff lEdgar fields arrived.' • ,;;:." ,••',.• ' ' • <,'••' • She was hot armed and shortly, before coming to the theater had been given food for her child at a local restaurants,. '.-• • , ,' ': ' ' ' 'The woman said : the qhild was •'stolen" before Christmas from a San Francisco convent, where she had lived-four years, and they left Wyoming with her brother-in-law, who'deserted them at. Alma and took the car in which they were traveling. She talked of crimes, but questioning failed to connect' her with any definite charges, the sheriff said. Cannon Station Is Bought by Henry Broadway Operator Takes Over Depot at Third and Main Tully Henry, operator of the Broadway Service .Station at Third and Elm streets, announced the purchase Friday of the Cannon Service Station at Third and Main, and will continue to operate it under its original name Mr. Henry also announced the appointment of Mack Stuart as manager of the Cannon Station. It will offer complete auto service, oils and gas battery repair, washing and polishing and greasing. The station is large and prominently located at the junction of the Lewisville and Little Rock highways. Boys' Basketball Tournament Begins Eight Schools of County Are Represented in Events Eight schools are represented in the senior boys basketball tournament of lempstesd county which began at the high schopl gymnasium Friday afternoon. ' . Those schools to qualify arc; Patmos, Spring ftill, Washington, Guernsey, Columbus, Blevins, Saratoga and Hope. The semi finals will be played Saturday afternoon and the finals on Saturday night, Fights Hoarding Colonel Frank Kn6x, Chicago, fie ws- , paper publisher and chairman of Pres^ ident Hoover's committee which) is seeking ways to '"smoke out" the 81,300,000,000 of hoarded money. in the United States, is shown Here after con ferring with national leaders in Wash ington, D. C.' ' ' Aged Resident ofTokioIsDead Mrs. Dan Stewart Buried at Oak Grove Thursday Afternoon '- ^ * Mrs. Can Stewart, aged 83,~ di«d at the family home at Tokyo .Wednesday night'following a short illness; with pneumonia. > , i" * ,\ii :< ', Mr* ^tewart, i* -survived fa fiv* children,, a hostvof . relatives;. • and many^frferidjf n> th* ! north '-"-* -« Hempstead. county. The Mro'"TV«.V<. tttMdfcytUL' j Elbert , r , - iv Thompson of Nashville; T. D, Stew-: art of Durant, Okla., and ; a.daugh{er who- also lives in Oklahoma* Funeral services and burial were conducted by the Rev. H. L, Simpson at Oak Grove cemetery Thursday afternoon, i Mrs. Stewart was a member of'the Methodist church. Appeal Is Withdrawn in Texas Bridge Suit AUST|N-T(4B—Withdrawal b .y the Red River Bridge company of its appeal froflj a, sUjmct court judgement $165,000 djufl^gss against the Texas highway flojBNJjJgsjoji was announced *°Bi wi)# hjjjard tike cast. ."•.•' - -' V ' Youth Killed in Fall Under Train Charles McDaniel, 16, of Jackson, Miss., Meets DeathNearLexa HELENA^A hitchhiking trip, to Little Rock by two boys from Jack? son,' Miss.,' ended tragically beneath the wheels of a Missouri Pacific freight arm near Lexa about 4 Thiirs- day morning when Charles McDaniel, aged 16, one of-the youths, fell between two freight cars and Was crushed to death. ' ' The other boy, Marcus Bowers, no tified train officiate. Bowers said McDaniel was walking along .the top' qt boxcars while the train was moving, carving a suitcase. Leaving the suitcase oh one car, he stepped across to another, and while reaching back for the suitcase, lost his balance and fell to his death. The youth left Jackson, Miss., Tues day night, having picked up rides along the highways, boarded the train headed for Little Rock. McDaniel's mother, Mrs. Ida McDaniel of Jackson, was notified. His father, George McDaniel, lives in Hot Springs, The body will be sent to WUJe Rock for burial. Bond. N< MORATOJ The threat u **ft*venues, dtttrfct landin .Arkanmi jthority Mitchell revealed i M "generally ,<< latiye circle.. " ' f .,"Ifr,call«d*; not undertake" but will declare _ lie* indebtedness, -. «me ohlgiations into, j "the ,«ett*tor said. ' Thus the. state 4 millioti ^liars' all its ____ special /i """ such adju carry out, the spirit «P highway legislation of Senator Mitchell,. clowly, because.or his' in hi^ ' and the wide-spread * to diversion of highway, poses other than roads trict Bonds might ev on the-land, . . * Accompanying 'M* Botary gUest Friday, Wortham, fellow Prescott. is office manager in the" office of'the highway de* who was introduced to introductions weYe miid|?i Faddin, The progr«Ri and presented by Frank ' program committee. % *•*" Lay Plans for War on Gasoline Bootleggers MEMPHIS -(/PH A "tax evasion committee," composed of 10 petroleum products dealers from Tennessee and nearby states,. Thursday launched an offensive. on gasoline bootleggers in the territory.' ' The group will maintain investigators to aid {state officials in ferretng put tax evaders who bootleg gasoline into Tennessee in order to evade payment of the 7-cent state tax. C. P. Camion, a member of the committee,' pointed out that his and other companies are placed at a disadvantage if they pay the tax and some of their competitors do not. - ..<•?<•» .. Walker County Sheriff Face. Trial at Austin Wifcfonfi SlayingHusI William Sn^ County, Shot While Slept, She Says. J FORREST CITY, wife of William Smi$ (> who found shot to death at his home, Widener Tuesday, admitted TJj to Max Sulcer, coroner, ftod Gorman, assistant prosecuting ney, they said, that she had killgd husband. - . She waived examination U,~ tice J. K, McCutcheon and was to the Grand Jury. Mrs, Smith was taken to Helena, as the St,. Francis; county jail does not have facil for women. Although Mrs. Smith first toJ4 '„,„-. cer that her husband had committed-'J suicide, the coroner's jury held tbaj. his death resulted from wounds inflicted by unknown The body was found in such a, pi' sition that suicide would have -been .,, impossible, Sulcer said. * ' that required l«ss than one hour to present, including both sides, was offered in Travis county district court Thursday in the trial of H. L. Speer, sheriff of Walker county, on a charge of theft of $1000 fro» the state. The trig! w«s one of the shortest on record in Travis county. 4fgw«Mf»J» sf attorneys will start Friday emj|u and the C«K was ex- go to the Jury Friday nflon, • i however, the coroner said that Mrs. Smith admitted sh» had . Smith. She said that Smith had i away for several days, and ib*t £&!.,. believ*} he had left penpaj "' ™ returned Tuesday at noon, a quarrel, he went to sleep in, 8 room. Mrs. Smith told §wlcer she ''couldn't stand it any ~ when Smith went to sleep, stw him. The tragedy occurred Wheeler plantation southwest of ener. Boss Campbell and his wifa the Smith home when the occurred. Campbell wa« held for questioning, but under an appearance bond. Increase in. Report*! by Cw»P« intf *Ka. ^J^| *TBW profit* fjlA U way nf 44 Dfi£ Cfittt ln «r ^MCB W9 ^n JBVT -WIP*;" ^n*

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