Middletown Zoning Board Suit Planned Authority Says
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Middletown Zoning Board Suit Planned »l RSTORV. PACE 3 The Weather Cloudy and mild today and tonight with a chance of rain.. FINAL Cloudy tomorrow. EDITION ^REGISTER 20 PAGES Monmoulh County's Outstanding Home Newspaper VOL 96 NO. 146 RED BANK-MIDDLETOWN, N.J. TUESDAY, JANUARY 22,1974 TEN CENTS Authority Says Pledge Doesn't Bind State NEWARK (AP) -The ity, disagreed with Smith's last week, knowing of the let- underwriter of the sports- "The state, which possesses said federal laws apply to na- spokesman in Washington, cal subdivision or'be or con- State of New Jersey is obli- opinion and said the moral ter from Smith. complex bond issue. He cited general powers of taxation, tional banks that are dealing said yesterday. stitute a pledge of the faith gated under federal law to pledge was "just what it says In Smith's letter, the "lan- as examples of other bond is- has thus committed its faith with or buying bonds. In what The meadowlands complex and credit of the State or of make good on any default in a it is — a moral pledge. It is guage is standard for the sues that were the subject of .and credit in support of these the spokesman termed "not is to include a track for har- any such other political subdi- $302 million bond issue to fi- nothing more and nothing comptroller of the currency to such standard language: the bonds. unusual" procedures, the un- ness and thoroughbred racing vision." nance the proposed Hacken- less." use in every moral pledge New York State Urban Devel- "It is our conclusion that derwriters asked the comp- and a 76,500-seat football sta- East Rutherford Mayor sack Meadowlands sports James Pitney, the general bond case that comes before opment Corp., the New York the $295 million New Jersey troller of the currency for a dium to house the New York James L. Plosia, who opposes complex, according to a U.S. counsel, said that regardless him," said the member of Pit- State Housing Finance Sports and Exposition Author- quick opinion on the eligibility Giants. the complex because he ex- Treasury Department official. of the wording of a letter from ney, llardin It Kipp, general Agency Health Facilities ity, Sports Complex Bonds, of its bonds for trading by na- An advertisement for the pects the town to lose tax ra- . James E. Smith, comptrol- Mr. Smith the state would not counsel to the authority. Bonds, the State of New York 11)74 Series are obligations of tional banks. bonds stated: tables, has attacked the bond ler of the currency, said yes- be obligated under law to Pitney said it is standard Mortgage Agency and the a state or a political subdivi- "The 1974 Bonds shall not issue in state and federal terday that the state is legally make good on any default in procedure for a bank to apply Vermont Municipal Bond sion thereof under Paragraph Smith gave his opinion ver- be in any way a debt or liabi- courts. obligated to back the bonds, the $302 million bond issue. to the comptroller of the cur- Bank. Seven of 12 U.S.C. 24 and are bally Dec. 18, followed by a lity of the State of New Jersey A Superior Court lawsuit despite the fact it has put Pitney, a resident of New- rency before handling a bond "The identical language is eligible for purchase, dealing written confirmation of that or of any political subdivision charges the state's moral forth nothing more than a ark, said the lawsuits brought issue, because federal laws in, underwriting and unlimit- opinion. He also telegraphed of the State other than the Au- pledge actually commits the "moral pledge." used every time the question by East Rutherford Mayor apply in such cases. This is raised," Pitney said. ed holding; by national his confirmation again after thority and shall not create or state's credit to the issue Adrian Foley, secretary and James L. Plosia "are without time, he said, the First Na- In a letter responding to un- banks." seeing a draft of the official constitute any indebtedness,' without a constitutionally re- treasurer of the New Jersey merit" and added that he tional State Bank of New Jer- derwriters of the bond issue, A Treasury Department statement or prospectus offer- liability or obligation of the quired statewide referendum. Sports and Exposition Author- gave the same legal opinion sey applied in order to be an Smith said: spokesman in Washington Ing the bonds for sale, the State or any such other politi- See Sports, page 2 New Targets for Goldstein NEWARK (AP) - Con- B. Lacey, and as first assis- presently assigned. four years with the Justice sumer fraud and the problems tant under Stern, Goldstein At present, 37 of the office's Department in Washington. In of the environment may soon was viewed as one of the chief attorneys are on criminal his last 15 months he was dep- be rivalling official corruption strategists in what amounted cases and 10 on civil matters. uty assistant attorney general as the number one target of to a war on public wrongdoing Perhaps equally significant of the Civil Division. New Jersey's U.S. Attorney. in New Jersey — a war that was the appointment yes- He said yesterday that he Jonathan L. Goldstein who led to indictments and con- terday of Richard R. Hells- felt the impact of consumer was sworn in Friday, said yes- victions against nearly 100 of • tern as chief assistant to fraud and other civil wrongs terday: "We intend to main- freeholders. Goldstein. For much of his were just as important to the tain our vigilance and official He personally conducted justice department career, public as official corruption. corruption will still be the im- grand jury proceedings Hellstern has handled civil Goldstein said that in the fu- portant target of this office. against many of them and and administrative matters. ture, not only would wrong- "By the same token, other tried cases against two Atlan- The new assistant, 34, cur- doers be brought to justice, areas have become impor- tic City mayors and their ad- rently is in charge of the of- but that there would be an ef- tant," he added. "These areas ministrations as well as fice's special energy crisis fort made to "see to it that are just as significant." against former Republican task force and in the next few their illgotten gains are The remarks by Goldstein, leader Walter Jones. He is weeks will be acting as chief turned back to the people." who replaced Herbert J. also expected to try upcoming ol the office's civil division. "We want to use our civil Stern, now a judge, were cases against former Republi- The lormer civil division capacity to see that money is viewed as presaging a subtle can powers Nelson G. Gross chief. James Smith and the returned," he said. "We will but significant shift in empha- and Joseph M. McCrane. A former chief of the consumer be aiming for both criminal sis for an office that won a na- verdict is awaited in the case. protection unit, Marc Demot- prosecutions and recovering tional reputation by sending However, over the next ing, resigned Friday to form a the money. Gddsleia crooked politicians to jail. months, manpower shifts private law partnership. "The aim of this office is A* chief of the office's crim- within the office are expected Hellstern, who joined the going to to the same as it al- to put more staff members to ment and business institutions inal division under now • New Jersey staff in Septem- ways was — to maintain the work on civil cases than are by enforcing the law," Gold- U.S. District Judge Frederick ber 1973 spent the previous public's confidence in govern- stein said. Insurance Cut for Pool Motorists TRKNTON (AP) - New Sheeran did not have an im- M WWMto with savings estimated at an the least he expected com- administration nf Democratic Jersey motorists who use CALLS FOR NIXON IMPEACHMENT - State Senator Anne Martlndtll mediate dollar estimate for average IS per cent last year petitive pressure to bring Gov. Brendan T Byrne He their automobiles in car pools the savings that could be pro- left, yesterday Introduced a resolution calling lor the Impeachment of the as a result of the new no fault them into compliance has not been sworn in as the will be eligible for auto insur- duced for the motorists who President. Shown with Mrs. Martlndeil in the halls of the Legislature In auto insurance law in New Hi important that they state insurance chief ance reductions of up to 20 per qualify for the car pool reduc- could produce subslan move voluntarily but that The Insurance Department Trenton It Sen. James H. Wallwork. (R Essex). tions. But one department MM tial reductions for motorist* doesn't mean we aren't going said 130 companies represent source estimated II could re- The Malt announced yes- Mirri.iii said that ht hat to move in other direct. ed by the In It n<es mit in savings of t» to H* a i.irt.iv that 1)4 iniurance asked the other IM companies Sheeran was conlirrm-i Office that had been granted yar i ompanies have agreed to re- hi lulliiw the example set hy terd.i nali- to be a blanket request to lower Beadlvsto n Dem nun r.s mte insurance rales up Suih a reduction combined lil in ms and added that at commissioner in the week old their rate* In A per cent fur ear pool ve- hlflM II also hat a»ked lh» other IN rompaawa wh Impeachmen (Proposed ill* mil" insurance in New Byrne Appointees Confirmed TRENTON - Milt feMle •»«n'< • "Aligned l« HM *«»•• »«Mlo Majority Leader Mat Miminty leader Alfred N bbanker .hM, th.-* Krlilman I) H' •TON i vc, Kmir Jew,, Iivt him ihr»e additinnal rule hat no far been _ leadleaiiM, H Mon taut nil he ntmbert of tkt wit- MMM-I <>f .htalry •ert« until C»b H, to submit ihe use of murlrsy tiv Ike Unlay lhat a rusululmn • all *•' rr abuut I 1% nun Ika propoMd .lair bud|«< „ lh, - K»« laafirmH M<r MHiumw.