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Mortgage Bill Moved Court Upsets Red Bank Site Plan Denial SEE STORY PAGE 3 The Weather Periods of rain and drizzle today and tonight, tempera- FINAL tures through tonight, in 50s. Tomorrow mild with showers high in 60s. EDITION 20 PAGES Monmouf h i ouiily*s Outstanding Home Newspaper VOL. 96 NO. 108 RED BANK-MIDDLETOWN, N.J. TUESDAY, NOVEMBER 27,1973 TEN CENTS iinwiimiiiwimmiM Mortgage Bill Moved TRENTON (AP) - The ry is $50,000, in order for it to the Senate, where Democratic was 53 to 13, with 41 needed their homes if mortgage rates New Jersey Assembly has apply to Democratic Gov.- leaders have declared (heir for passage. Three Republi- decreased. passed and sent to the Senate elect Brandan T. Byme. opposition to it. cans either abstained or voted The mortgage celling bill a bill raising from 8 per cent — Requiring all three mem- Republicans hive only 21 against the bill. was amended on the floor of to 9.5 per cent the interest bers of the Public Utilities votes, a bare majority, so The Assembly also passed a the Assembly last Monday but ceiling on home mortgages. Commission to serve full-time they cannot afford any de- companion bill which would could not be brought up for * In other action yesterday, and raising their pay also. fections if they are to pass reduce from five years to vote then because of parlia- the Assembly gave final pas- — Adding 45 days to the rac- bills without Democratic sup- three the period during which mentary restrictions. sage to bills: ing calendar of the three thor- port. Such a controversial a homebuyer would have to The amendment would — Raising the salary of the oughbred tracks. measure as raising the mort- pay a penalty for early repay- give thi' state banking com- next governor to $65,000. The — Banning the dumping of gage ceiling is virtually cer- ment of his mortgage. missioner the power to set the bill would have to be signed garbage from out of stale. tain to cause at least a few That bill, which passed by actual interest rate — up to, by outgoing Republican Gov. The mortgage bill faces an defections. H-0, would also make it easier 9.5 per cent — after consulting William T. Cahill, whose sala- uncertain future Thursday in The vote in the Assembly for homebuyers to refinance with an advisory board ap- pointed by the governor. The bill was sponsored by Assemblyman Michael Horn, R-Passalc, a member of the Assembly Banking Com- Fiorino Opposed, Jahos mittee, which held a public hearing on the shortage of mortgage money in the state. DISCUSS SPORTS COMPLEX — New Jersey Gov.-elect Brendan Byrne, The measure was supported center, meets with Wellington Mara, right, owner of the New York foot- by the real estate and banking ball Giants and Sonny Werblin, of Holmdel, at Princeton Club In New industry and opposed by the York yesterday to discuss the sports complex to be built in Hackensack Confirmation Is Unlikely state AFL-CIO. Jersey's meadowlands. Werblin heads the proiect and Mara hopes to have for his opposition to Mr. Assemblyman Edwin Kolod- his Giants play In the projected stadium there. irwiiiai By BEN VAN \ I.IKT Sen. Beadleston, noting that expected to appear before the Jahos, a Rumson resident. there has been a 30-year his- Senate Judiciary Committee ziej, DMiddlesex, criticized MATAWAN - Monmouth Although the Senate has the tory of senatorial courtesy by on Thursday prior to the final the bill, saying it "pretends to County Democratic Chairman power to approve or reject both Democrats and Republi- public meeting of the Senate solve an aching problem in John R. Fiorino made it offi- Gov. William T. Cahill's nomi- cans concerning judicial ap- before the new year. our economy" when it ac- tually does not. cial yesterday — he is op- nation of Mr. jahos, there is a pointments, said "The answer Sen. Beadleston said as far The problem, Kolodzlej Issues Unresolved posed to the confirmation of rigidly adhered to tradition is no." as he is concerned the nomi- said, "Is not of our making Kvan W. Jahos as a Superior within the upper house that no Sen. Beadleston said he will nation of Mr. Jahos will never but was caused by the Feder- Court judge. judicial appointment will be block the judicial appointment leave the Judiciary Com- al Reserve Board." That Mr. Florino's opposition ap- confirmed without the support if it Is opposed by Mr. Fiorino, mittee. agency has raised the prime pears to eliminate any chance of the nominee's representa- because of the long-standing "Unless I hear differently lending rate so that banks On Sports Complex that Mr. Jahos, director of the tive in the Senate. tradition in the county where- by Wednesday night (from were forced to make In- Division of Criminal Justice in In the case of Mr. Jahos, he by Democrats approve Demo- Mr. Fiorino) the answer Is the slate Attorney General's needs the backing of Sen. Al- cratic appointments, and Re- vestments more lucrative NEW YORK (AP) - Demo- ing any agreement. Leone, who managed Byrne's still no," Sen. Beadleston office, will be confirmed by fred N. Beadlcston, R-Mon- publicans approve Republican than mortgages in states such cratic Gov.-elect Brendan T. Byrne declined to disclose campaign and is in charge of said. the lame-duck Republican mmith, who is serving as Sen- appointments. as New Jersey where the in- Byrne of New Jersey and details of the bargaining ses- the new governor's transition Asked if there was any way Senate on Thursday. ate president. terest ceiling was relatively Wellington Mara, president of sion. However, Byrne's ad- office in Trenton, said that However' Mr. Jahos is still See Jihos, page I In a nine-paragraph state- low. the New York Giants football visers have been urging him Byrne "wants to bring the Gi- ment issued by county Demo- team, are involved in negotia- to seek a more favorable leas- ants to New Jersey." cratic headquarters, Mr. Fior-. tions today to decide the fu- ing arrangement with (he But Leone said that Byrne ino gave no specific reasons ture of the proposed Hacken- football team before the new was not satisfied with the sack Meadowlands sports governor endorses a moral terms, of the lease or the fi- complex pledge of the state's credit nancial arrangement behind HomeHeatingOilRationing The two men talked, for that is designed to spur sales the complex. more than seven hours in pri- of a $260 million bond issue to The governor's reluctance vate yesterday at the Prince- finance the troubled project. to endorse the project ton Club here without reach- Two weeks ago, Richard C. prompted lameduck Republi- can Gov. William T. Cahill to Seen Weil PlanDetailtoBe Published postpone introduction of a bill WASHINGTON (AP) - The administration has drawn up last year kept (heir thermostats at a below-average level to place the state's moral plans that could require homeowners who use Seating oil to would have to lower them by six additional degrees. pledge behind the bonds. Qualified turn their thermostats down six degrees from where they were However, the proposed regulations say that, "When the Jet Hijackers The Assembly held what Although it appears MI last year. lower thermostat setting results in undue hardships, (he own- was scheduled to be the last tually certain Kvan W. Jahos ers or occupants may apply to the local board for adjust- meeting of the year yes- will not become a Superior Other users of oil heat, including commercial and govern- ment." terday. But the possibility of Court judge in the immediate ment buildings, could be forced to lower temperatures 10 de- The priority uses Include fuel production and distribution; Release 248 calling the lawmakers back to future, a number of prominent grees or make equivalent fuel savings. public transportation; farming; food processing and dis- act on the moral pledge, if Monmouth County lawyers be- tribution Industry; cargo and mall hauling; municipal police, VALLETTA, Malta (AP) - Three Palestinian guerrillas Byrne endorses the idea, was The plans are contained In the administration's proposal lieve Mr. Jahos is well quali- for rationing of heating oil, to be published today in the Feder- fire and sanitation services and medical establishments. who hijacked a Dutch jumbo jet Sunday night released its 240 not ruled out fied for the job. al Register. In other action on the fuel shortage. passengers and eight stewardesses today, then forced the rest The Senate plans to IH^I its Nearly all of the lawyers — Treasury Secretary George P. Shullz said the United of the crew to fly them eastward toward a still-secret destina- final session on Thursday. who agreed to comment on A draft of the proposed regulations was obtained by The States should guide its energy policy on the assumption that tion. The Giants have signed a the controversial nominal urn Associated Press and verified by administration sources. Arab oil deliveries aren't going to be resumed. "We have to The hijackers were accompanied by A. W. Wilholl, a vice 30-year lease to play in the expressed regret thaf Mr. The regulations also would guarantee certain high-priority have a program geared In the long run so others won't have us president of Kl,M, the Dutch airline, and nine or 10 crew mem- proposed mcadowlands sta- Jahos has apparently been users anywhere from 90 per cent of last year's fuel oil supply by the throat," he said bers. An Egyptian diplomat was to have joined Wilholl as a dium beginning in 197") or 1976.
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