Iianrhpbtpr Irralh Lands in Court by Ken Franckllng
Total Page:16
File Type:pdf, Size:1020Kb
20 - MANCHESTER HERALD. Tuesday. Jan. 8, 1985 MANCHESTER FOCUS SPORTS WEATHER Lawmakers discuss Delicatessen doubles Manchester cagers Clear, cold tonight; BUSINESS session with directors will save you bucks rally In second half no change Thursday ... page 2 Bank mergers: GOLDEN EGGS New phones ... page 3 ••• page 13 • 9 The experiment Which investments do best raise tough 1 legal issues iianrhpBtpr Irralh lands in court By Ken Franckllng ........ _____ * \A/AHnocri»\/Wednesday. Jan. 9. 1985 — Single copy: 25<t United Press International Manchester, Conn. — A City of Village Charm By Steven W. Svre New England has become a pattern in a United Press International number of regions in the country,” PROVIDENCE, R.I. — The rising popularity of Coggershall said. cordless telephones has given the courts new legal A. BOSTON — A series of regulatory The regulations Citicorp opposes issues to chew on when they deal with police changes by states that collectively have been passed by Connecticut, eavesdropping and invasion of privacy cases. became known as the New England Massachusetts and Rhode Island. The phones, selling like hotcakes in electronics banking experiment prompted imita Maine has no restrictions on interstate stores and through phone companies over the past two GOP, governor tors across the country, but still banking mergers, while New Hamp- • years, transmit conversation by radio waves instead haven't been put into practice. shire and Vermont allow no such of tradiUonal land lines. In some cases, conversations The regulations that limit interstate activity. can be picked up on an ordinary radio. bank mergers to institutions in New "W e continue to believe the New The cordless wonders have become so popular mat England states with similar statutes England interstate banking statutes sales have totaled 6.8 million sets since 1M2. The drew the ire of big money center banks are constitutional and remain confi Electronic Industries Association, a Washington, that felt they were unconstitutionally dent (they) will be upheld,” said Bank D.C.-based trade group, estimates 1985 sales will total vow cooperation excluded from merger activity in those of Boston spokesman Wayne Taylor. 6.5 million. .. states. "W e hope that the Supreme Court will The Rhode Island Supreme Court is now consider The U.S. Supreme Court's decision hear oral arguements during the spring ing sUch a case: An appeal of a drug-peddling term ." By Mark A. Dupuis Monday to hear the complaints against conviction of a man whose arrest resulted United Press International regional banking compacts will at best Bank of New England President chance monitoring of incriminating phone calls he probably delay implementation of the Peter McCormick said he also re made on a cordless phone at his home. HARTFORD - The General New England regulations for another mained confident in the statues that Assembly convened today with six months, barring any Congressional have been upheld by state banking ON NOV. 2, 1983, a Woonsocket woman called city commissioners and the Federal Re police and said her son was playing with the dial on an Democratic Gov. W illiam A. action. O'Neill and leaders of the new At worst, the court could wipe out the serve Board. Al^ radio and she heard what sounded like a man ry Republican majority pledging to regulations that several New England The tentative m erger between Bank taiking on the phone about selling drugs. work for cooperation during the banks have used to forge tentative of New England and CBT would create Two detectives went to her home and heard over me five-month legislative session. the region's second largest bank. same radio the sound of a telephone ringing. They took mergers. The House and Senate convened Citicorp, the nation's largest bank “ We're disappointed to learn of the an AM radio tuned to me same frequency to another „ „ , NEA GRAPHIC shortly after 10 a.m. for the start of holding company, sued over the additional delay, since the best interest (Source: Salomon Bros.) spot in the city and overheard a conversation. the latest chapter in a lawmaking regulations that have allowed several of our shareholders, customers and Classic paintings are an up-to-date Investment. Their value Increased by Detectives identified one of the voices as that of the history that dates back 349 years tentative mergers. employees will be served through nearly 15 percent over a 12-month period through mld-1984. On the other woman’s neighbor, Leo L. "Red” Delaurier. Police when a General Court began Bank of New Engiand in Boston and completion of the m erger,” CBT side of the coin, the value of silver fell by more than 25 percent. surveillance was set up near Delaurier’s home. passing laws for Connecticut in Hartford's Connecticut Bank & Trust Chairman Walter J, Connolly Jr. said With approval of the attorney general’s office, 1636. would merge. Bank of Boston, the in a statement. policey monitored conversations for several weeks, The first order of business was largest bank in New England, would "W e will he glad to have the using cassettes to tape discussions relating to alleged swearing-in ceremonies in the take over Colonial Bancorp, in Water- constitutional questions resolved once drug trafficking, gambling and prostitution. 151-member House and 36- bury. Conn., RIHT Financial In Provi and for all," he said. They also overheard Delaurier boast about how Bulman said he was surprisd the Consultant suggests member Senate with the two dence, R.I. their inability to prosecute him. ' houses slated to meet together for Hartford National also wants to take Supreme Court agreed to hear the case, “ At one point, he made a comment about how stupid afternoon speeches by O’Neill and over Arltru Bancorp, of Lawrence, believing a previous 2nd U.S. Circuit we were, that we would never get him, and here we are state Supreme Court Chief Justice Mass. Fleet Financial Corp. of Provi Court of Appeals decision upholding the listening to him over the telephone,” said Detective regulations was a firm judicial ‘Newbrook’ analysis Ellen A. Peters. dence, wants to open new banks in Lt. Gordon Tempest. Hartford and Boston. endorsement. O’Neill met Tuesday with legis By Richard March jobs. On Dec. 16, 1983, Delaurier, who had other drug Many other banks interested in “ I'm surprised-... I thought the charges pending, was arrested on charges of lative leaders of both parties for a United Press International Htrald photo by Tarquinlo interstate activity are waiting for a circuit court decision was pretty direct "The uncertainties, the risks and the delivering LSD to an undercover state policeman and half-hour meeting described as "clear green light" from the Supreme and went a whole lot further than they cost to ratepayers under a Chapter 11 cordial, though no issues were CONCORD. N.H. — Risks and costs as a bail violator. ceremonies of the 1985 session of the Court before taking action, said Massa had to," he skid. (federal bankruptcy proceeding) are Authorities claim Delaurier conceded that conver Deputy Secretary of State Bernard P. discussed and the only agreement associated with the “ Newbrook” plan chusetts Banking Commissioner Paul Connecticut Banking Commissioner less than the costs and risks with sations monitored on his cordless phone concerned Auger (left) shakes hands with the new General Assembly today at the Capitol was to try and keep open lines of to complete the Seabrook nuclear plant Herald photo by Terquinlo Bulman. Brian'"J;’^ Woolf said he was disap Newbrook,” Palast said. in Hartford. At rear is the former speaker communication. would be worse for consumers than the illegal drug activities. speaker of the House, Ralph E. Van "We're definitely gratified the Su pointed the Supreme Court would hear Public Service Co. predicts ^^atmeok But his lawyer, Mark L. Smith, argued the radio O’Neill pledged to seek coopera bankruptcy of the project's lead owner, Rep. Irving J. Stolberg. Rep. Elsie L. Swensson, R-Manchester, shares a laugh preme Court agreed to review this the challenge but optimistic the law I would begin generating electricity in monitoring was illegal — thus making any evidence Norstrand of Darien, during opening tion and to keep in touch with both according to a consultant. Democrats and the Republicans, important case,” said Clarke Cogger- will survive the review. 1986 and projects a 116 percent rate inadmissible in court. with a photographer this morning as she prepares to be shall, a Citicorp vice president in Woolf said the concept of regional Gregory Palast, a consultant for increase over six years to pay for the who are taking control of the House sworn in to a third term in the state Legislatuj;g.» charge of New England operations. interstate banking embodied in the law Union Associates of Chicago, asked the estimated $4.7 billion plant. The BUT AT TRIAL LAST MAY, a Superior Court Judge Fine Investigation goes on and Sedate for the first time in a "The issue is really what the banking is new but the constitutional issues state Public Utilities Commission company predicts rates would decline Corinne P. Grande ruled the transmissions were decade. “ We did chat very amicably and system is going to look like in the U.S. before the Supreme Court have been Monday to analyze the impact of the or level off in the early 1990s. similar to mose of citizens band radios and were decided "tim e and time again.” discussed that we’re going to be for the next decade. What started in Hnancial reorganization of Public therefore public. Palast, however, said under a together for the next two-year Service Co. of New Hampshire under The judge said police did not violate Delaurier’s bankruptcy and reorganization of Records missing at court period, and we would work as federal bankruptcy laws.