New Jersey Borough Rejects Salaries Referendum
Voters in Victory Gardens reject a $50 000 measure to pay municipal salaries by 136 to 29. Mayor Gratacos says layoffs may follow end of month unless council preserves some positions or seeks a second vote. The town with 1400 residents faces budget gaps after losing CETA funds and aims to fund a full time police force.
MENTIONED IN THIS ARTICLE
Victory Gardens
N.J
William Gratacos
Newark
Gratacos
Blue Chip Investors Use Small Purchases To Grow Stakes
New York AP reports investors use dividend reinvestment plans to buy extra stock with small sums. Ken Kline notes many holders invest little, sometimes just a few dollars, turning modest amounts into larger holdings. AT&T raised 566 million in 1977 through this expanding technique, benefiting companies and shareholders alike.
MENTIONED IN THIS ARTICLE
New York
America
Ken Kline
Telephone & Telegraph Co
Bus Sign Turns New York Heads
In midtown Manhattan two city buses displayed 27 foot wide streamers reading HAVE FUN AT THE WHOREHOUSE a nod to a Broadway musical drawing protests led by Cardinal Terence Cooke New Yorks archbishop.
MENTIONED IN THIS ARTICLE
New York
Midtown Manhattan
Terence Cooke
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