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20 - MANCHESTER HERALD, Monday, May 21, 1984 BUSINESSI COKE Boiton budget passes; Cabbage Patch Schooi group CIA director warns grads OR TAB Coventry voting today uses her photo works iate 6 PACK ... page 11 ... page 3 12 OZ. AID ... page 5 of Soviet expansion plans CANS SMITHFIELD, R.I. (UPI) - the ceremony. world. The importance of.lhe link between Ramona Pena, a member of “ We were, reluctant to believe American business interests and Rhode Island Women of Faith and him then, just as we were reluctant w national security was emphasized the state chapter of Women for a by CIA Director William J. Casey to believe (Adolf) Hitler in the Manchester, Conn. Non-Nuclear Future, said the 1930s when he said he would take Clear tonight; in a weekend ‘‘intelligence brief­ group’s purpose was not to disrupt over Europe," Casey said at the Tuesday, May 22, 1984 ing “ to the graduating class at Cloudy Wednesday the ceremony, but to stress that 121st commencement exercises. Single copy: 25<t Bryant College. Casey was an inappropriate choice — See page 2 Casey also warned Saturday of for an honorary degree because of Casey, who has headed the CIA “ the armed might “ of the Soviet HanrljratTr Bpralb his alleged involvement in the since 1981 and is the first CIA Union, but stressed “ the continu­ missing Carter papers and CIA director to be named a presidential ing Soviet effort to expand the intervention in both overt and cabinet member, told the" class of power, influence and control of covert military operations in Cen­ future business leaders that pri­ DR. SCHOLL'S ^ communism around the world ' tral America. vate industry has a key role in CRICKET was even more “ worrisome." national defense. While Casey's address to 1,000 Casey recalled the words of MSPOSABLE SASHAY graduates was greeted with cheers former Soviet Pre'mier Nikita “ II history has taught us any­ and applause, it was protested by a Krushchev, who said in 1961 Third thing, it is that military strength LIGHTERS SANDALS Waterman fined $50,000 for sand scam handful of demonstrators who World wars of national liberation deters aggression," he said. “ The lined the approach to the small would make communism the domi­ alternative is slow economic stran­ AS$0niD silts AND COIORS Bv Mark A. Dupuis Manche.st&r Superior Court Judge 1982 incident. said. ’At this time inmy life ... I’ve pany he controlled to sell 10.000 “ 1 know I'm innocent.' Water 2 business college before and during nant form of government in the gulation and political isolation. “ man had told reporters alter the 2 United Press International Richard C. Noren. Waterman resigned as commis­ given away tremendous amounts cubic yards of sand to the town ol The judge also ordered Water- sioner after his arrest last De­ of money helping people. If 1 was Sultield when he was (irst select­ jury returned its verdict on the Former state Agriculture Com­ nan to pay the maximum $10,000 cember on the laicen> charge. He out for personal gain I could man ol the tow n alternoon ol April 10 alter more Colonial Bank missioner H. Earl Waterman Jr. fine allowed for the first-degree could have faced a maximum probably be the richest man in this The jury agreed with the state s than six hours ol deliberations over Many questioning PAW was placed on probation today for larceny conviction and $38,500 in penally of 20 years in prison in room, but I'm not.” claims that the company delivered two days. five years and ordered to pay restitution to the town of Suffield. addition to the $10,000 line. Defense Assistant State s Attorney Kevin only 3,675 yards ol sand and Waterman was the second nearly $50,000 in fines for cheating A six-member jury convicted Attorney James A. Wade said the Kane made no specilie sentence Waterman pocketed the $38,000 lormer high-rtinking state ollicial economic reports set to merge the town of Suffield in an illegal Waterman April 10 on the larceny conviction would be appealed. recommendation in court, but diflerenee. convicted in a criminal case in the sand deal. charge for arranging a deal that Waterman reiterated his claim called for a sentence that would The sand deal took place in 1982. past year. Formi'r state Transpor­ WASHINGTON (U PI) - Complaints about the Waterman, still maintaining his cheated the town of Suflield out ol ol innocence in a brief address deter similar crimes by public Waterman later became .stale tation Commissioner Arthur B. 2 WASHINGTON (UPI) - The Federal Reserve Low ers pleaded guilty in April 1983 way the government measures the economy and Board has approved the application of the Bank of innocence, was given a five-year $38,500 worth ol sad. before Noren. officials. agriculture commissioner, but re KODAK PR-10 to second degree hindering then releases the results have been growing from Boston Corp, to acquire the Colonial Batik group of suspended sentence and ordered to Waterman, 55, was lirst select­ “ Unfortunately, circumstantial Waterman was convicted of signed the state post after his prosecution analysts who depend on the numbers to interpret properties located in Waterbury, Conn. IN S fA N T serve five years probation by man ol the town at the time of the evidence prevailed, ” Waterman arranging a deal through a com­ iirrest in December 1983. what is happening. Bank of Boston is the largest commercial banking “ The quality of the monthly statistics released organization in New England with assets of $19.5 COLOR FILM during the last two years has apparently billion and deposits of $5.9 billion. deteriorated," economist Michael Evans re­ Colonial is the fourth largest banking operation in cently wrote to the clients of his Washington Connecticut, with assets of $1.4 billion. analysis firm. Consumer prices Colonial Bank's subsidiaries include Colbanc “ The preliminary relea.ses for several series — Realty Corp. and Colbanc Leasing Corp. which the particularly retail sales, durable goods, new Fed determined were engaged in activities “ closely orders and the index of leading indicators — are related to banking." more likely to mislead than inform." “ There is no evidence inthe record to indicate that up 0.5% in Aprii The Labor Department's report on unemploy­ approval of this proposal would result in undue ment has shown an increasing internal diver­ concentration of resources, unfair competition, MEDICATED gence between the two surveys that form the m i AID WASHINGTON (l.'FI) - Consumer conflicts of interest, unsound banking practices or prices climbed 0.5 percent in April us Consumer Prices basis for the unemployment rate, he pointed out. other adverse effects," the Board statement said. SKIN CREAM One survey shows 3.5 million new jobs created CHARCOALI inllalionary pressures showed up in (unadjusted index) housing, gasoline, pork and a variety ol during 1983 while the other showed only 2.5 The m erger across state lines is permitted for banks 310------------------------------------------------------------------------------------ million, a surprisingly large discrepancy. in New England which operate under a regional BRIQUETS other goods and .services, the Labor Department said today. Goods and services "Eventually, some future data revision will banking compact and was approved despite a costing $100 m 1967 probably show us that the gains in productivity challenge from New York's Citicorp of the constitu­ The acceleration in prices was the now cost $308.80 and unemployment during 1983 were both a lot tionality of the Connecticut statute which permits the most since January, an tmnual rate ol 305- less impressive than originally reported," he merger. 5,6 percent that reinlorced the outlook said. of many analysts lor somewhat Herman Liebling, former chief forecaster for Large banking organizations have charged that stronger inllulion in the months to the Treasury Department, also has been pointing such regional compacts arc unconstitutional efforts to come. out what he says are new inconsistencies in some keep them from expanding into those markets. Half ol April's increase was in 300- figures, particularly when they relate to spending Current banking law, as interpreted by the Fed, housing iind another third ol the change prohibits inte'ijstate banking except under conditions was in gasoline and u.sed car prices, the M and saving. specifically permitted by the law of the states depiirtment said. involved. Yet mixed with the increases were 295' dramatic declines, such as an 11.9 percent drop in fresh vegetable prices, the most in nearly 10 years. ' Laid off worker wants dollars Pork prices iiimped 2.2 percent in e,ni what antilystirshv IS the beginning ol a 290- J A - . MA long trend up. jnade inevitable by the 1994— \ shrinkage in the sup^y of hogs over the A instead of ‘thank you’ for idea last .several months. But beef prices went down a little. Most ol the .seven major categories ol Consumer Prices GARY, Ind. (U PI) — Nikola unemployment benefits since be­ installed Bodrozic’s middle rail in prices showed inereti.ses over March, a Seasonally adjusted percent Bodrozic wanted more than a ing laid off earlier this year when May 1981. Union leaders said the TYUNOL UPI photo month in which the price index rose just changes from previous months “ thank you " for his good idea that the rail mill shut down. rail saved the company thousands RIHAID 0.2 percent after seasonal adjustment. saved U.S. Steel thousands of In 1981, the 34-year-old Yugosla­ of dollars and enabled the firm to Will they go back? • Housing costs overall went up a 1%- dollars a year but now he's been vian immigrant proposed that U.S.

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