Dlanrtfphtpr Letirntn^ Llpralh and the Consumer R
Total Page：16
File Type：pdf, Size：1020Kb
•• ;»*• M - ^ ■ ^' V f -- m.-JHIfriim.T^t-: ;»j7tni^i!rjr>V* t - - 4 . PAGE SIXTEEN — MANCHESTER EVENING HERALD. Manchester.Conn.. Tues., Jan. 20,1976 PUBLIC The weather RECORDS Increasing cloudiness, chance of snow by this evening, continuing Business Warranty deeds tonight. High mid 30s, lows teens to low Rene Veilleux to Mark 20s. Partial clearing Thursday, windy, DlanrtfPHtpr lEtirntn^ llpralh and the consumer R. and Christine S. Hqpe, high low to mid 30s. National weather property at SI McKee St., forecast map on page 24. MunehMUr-^A CUy of ViUogo Chmrm $40,000. MANCHESTER, CONN., WEDNESDAY, JANUARY 21,1176- VOL. XCV, No. 94 THIRTY-SIX PAGES - THREE SECTIONS PRICE: FIFTEEN CENTS Green Manor Estates Inc. to Barney T. Peter 1975 was banner year man Sr. and Jr., parcel on Grissom Rd., $12,500. Robert A. and Loyola E. for local savings bank Hills to John R. and Janet News I L. Nystrom, property at Budget accents defense, tax cuts The Savings Bank of Manchester had for our bank. Our year-end figures 399 Woodland St., $M,000. one otits best growth years in 1975, Presi reflected a 14.7 per cent growth. We at Trade naiM summary | WASHINGTON (U P I)- Declaring “We will give more money to those Defense spending would jump to year in the Social Security payroll payroll taxes to finance Social dent William R. Johnson told bank cor tribute this to the loyalty and confidence E v e r e ^ A. Murphy, opposition to “hollow” election year at or below the poverty line and cut $101.1 billion — better than one tax — the one that cuts deepest into Security benefit increases — won porators at their annual meeting Monday of our customers and the dedicated efforts doing business as Ev Compiled from promises. President Ford today off those above,” Ford told reporters quarter of the total budget. He also low and moderate income workers. support from Chairman Al Ullman, night at the Manchester Country CTub. of each member of our staff." Murphy’s Italian Spaghetti' United Press International proposed a $394.2 billion budget in outlining his proposal for federal gave high priority to the search for His proposed revenue sharing and DDre., of the tax-writing House Fred W. Geyer During 1975, the bank’s deposits in Johnson said SBM opened its 11th office Walter A. Carter Jr. M. Adler D obkin Aaron Cook House, 35A and 35B Oak St. emphasizing stronger national spending fiscal 1977. “I think that new energy sources. other reforms would require Ways and Means Committee. creased 14.7 per cent, Johnson said. Bank —at East Hartford’s Putnam Bridge Plaza Marriage licenses defense, business and investor tax makes sense." The President proposed greater recipients of some federal aid, such Instead of raising the $16,500 assets at year-end were up 15.3 per cent —in September 1975, and he forecast Douglas Victor Boland, cuts to create jobs and making elder Despite Ford’s call for reduced cuts in individual income taxes as Medicare, to contribute more ceiling on wages subject to the 5.85 over 1974, and dividends paid to depositors more expansion and growth in 1976. He 683 Main St., and Beverly State ly sick and working poor pay more of welfare spending, more than half the beginning in July, but also asked for toward their benefits. per cent Social Security tax in 1977, in 1975 were up 13.5 per cent over 1974. called attention to the availability of Ann Z e m a itis , 23 HARTFORD —The Connec their own way. budget would be spent on people. a maximum increase of $49.50 next In his only new initiative, Ford Ford proposed increasing the tax The dollar figures were $166,563,309 in personal checking accounts at SBM, Bank names four directors Starkweather St., Jan. 31, ticut Citizen Action Group proposed "a so-called welfare czar” rate to 6.15 per cent. This would in deposits, $186,176,644 in assets, and $9,- “which rounds out our complete spectrum’ St. Bridget Church. wants citizens to be able to in to coordinate federal welfare, crease the maximum obligation to 288,429 paid in dividends. of family financial services. Kevin Barry Bell and troduce bills in the legislature housing and food payments by setting $1,014.75 a year. Johnson also said nearly $80 million in "Since 1905, the Savings Bank of Walter A. Carter Jr., Aaron Cook, Dobkin, of 153 Shallow Brook Lane, J. Miller, Matthew M. Moriarty, Susan Margbt Luthy, both and urge public hearings on uniform nationwide standards for Economists consider this mortgage and installment loans were Manchester has been dedicated to offering M. Adler Dobkin and Fred Geyer is president of Rayco Products Inc. John R. Nfrosek, Richard S. Olmsted, Arlington, Va., Jan. 17. creation of an initiative benefits. He offered no details, but regressive because it takes 6.15 per made to Manchester area residents in the finest and most complete personal have been elected new directors of of Middletown. Arthur E. Smith, Harlan D. Taylor Building perm its measure which would force the said he would ask Congress for cent of gross income from workers 1975. banking services available. As we enter the Savings B a ^ of Manchester. Geyer, of 330 Spring St., is assis and William B. Thornton. Nutmeg Homes Inc., new legislature to consider bills authorization. earning under $16,500 — but a Johnson said, "1975 was a banner year 1976, this is still our goal," Johnson said. The four men, elected at the bank’s tant manager of the Hartford office, Leon A. Thorp, who retired as a dwelling on Strawberry submitted with the required At his briefing, the President declining percentage from those who annual meeting Monday night, have group insurance division, Aetna Life ■ director, was elected a director Lane, $^,000. number of petitions. The stepped away from the podium and earn more. r served as corprators of the bank. & Casualty. emeritus. Edson M. Bailey, Leon First Hartford Realty, system is used in 22 other, pointed to flow charts that depicted Ford recommended an $8.3 billion Carter, of 162 Mountain Rd., Also Monday night. Savings Bank Dobkin, Francis P. Handley and C. new d w ellin g a t 193 states. responsibilities at the Department of increase in the defense budget, Glastonbury, is president of Carter of Manchester corporators re-elected Elmore Watkins were re-elected Grissom Rd., $26,000; at Health, Education and Welfare. saying “We dare not do less.” 15 directors. directors emeriti. 202 Grissom Rd., $24,000; Chevrolet Co. Inc. of Manchester. g LITCHFIELD -Peter A. “If you look at those mess charts, The $101.1 billion request, Ford The 15 are Thomas A. Bailey, Ed New corporators elected at the an and at 20l Grissom Rd., Cook, of 64 Wyllys St., is vice presi I Reilly’s hearing for a new trial you'd have to believe that any one said, means an actual increase in gar H. Clarke, Ermano Garaventa, nual meeting were Eleanor D. Colt- $25,000. These three per % dent and general manager of Atlas- was adjourned until Jan. 27 with common sense would want to spending beyond the boost to cover Emanuel Hirth, Jack R. Hunter, man, John A. DeQuattro, Robert H. mits are substitutes for Bantly Oil Co., and vice president % after his lawyer disclosed change it,” he said. inflation. He said he would have to William R. Johnson-, John D. Franklin, Janis R. Latham, Jon L. three previous permits on and general manager of Atlas Oil Co. Tuesday that new evidence has The President said defense and ask for more if the arms limitation LaBelle, George H. Marlow, Frank Norris and Frank Tornaquindici. Strawberry Lane. and Atlas Service Stations. been found in the murder case. energy received the highest talks with the Russians were not ^5 The evidence allegedly iden- priorities in his proposal for fiscal successful. tifies fingerprints found at the 1977 being sent to Congress today. Ford called for a record $5.1 billion murder scene as those of a “This is not a policy of the quick to speed work on solutions to the I witness under subpoena by the fix; it does not hold out the hollow energy crisis. % defense and prosecution. promise that we can wipe out infla The new energy spending proposal tion and unemployment overnight,” In savings accounts, that is. Thanks to you, was 19 per cent above this year’s $4.3 Ford said. billion budget and included major in our official Statement of Condition shows, at year’s Regional For the first time, a president’s creases for solar and geothermal end, how your savings deposits topped the BOSTON —Student unrest budget will be reviewed by the new power development, nuclear waste $100,000,000.00 mark at Rrst Federal Savings. over federally imposed school joint congressional budget com disposal research and synthetic fuel That's up 15% over the year before. And something desegregation has flared up in mittee. It is likely to be frisky and in production. we’re pretty proud of. Because it shows you think i;i the only section of the city not dependent both in dealing with “Assuring our nation's needs for energy must be among our highest we’re a good place to make your money grow. yef^iffected by the plan. Ford’s proposals and suggesting its own. priorities,” Ford said, thus placing Th a n ks Some other things that Thomas J. Matrick William P. Legault '|-''^QUONSET POINT, R. I. Although he proposed spending $43 energy and defense as the sacred K.