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Cumberland News Newspaper Archives May 15 1986, Page 3

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Cumberland News (Newspaper) - May 15, 1986, Cumberland, Maryland Cumberland to Lett own Cumberland md., thursday Lily 15,1986 3sachs comes up with new gimmick to lure Schaefer to debates by Tom Stuckey associated press writer Baltimore apr attorney general Stephen Sachs stepped up his Campaign to get mayor William Donald Schaefer to agree to a debate by offering wednesday to pay $5,000 to organizations that can arrange a joint appearance. The Money was put up by ans Mardirossian a businessman and Sachs supporter from Montgomery county who said it is important a a for the voters a to understand what he a Schaefer stands Schaefer who first Learned of the offer from a radio reporter called it a cheap shot. A a in be known some cheap ones but this takes the cake. Of Man i just done to believe it a he said in an interview with we Al radio. Sachs has been pressuring Schaefer for months to agree to a series of debates Between now and the democratic gubernatorial primary election in september. The attorney general said Schaefer already has turned Down 26 joint appearances and Schaefer said monday when he formally entered the race for governor that he does no to plan to take part in any debates. Mardirossian said $1,000 will be made available each month Between now and the primary to the first organization that persuades Schaefer to take part in a joint Campaign appearance. Sachs said Schaefer does not want to debate him because a the mayor is not comfortable with statewide a the mayor does no to like confrontations. He likes it his Way or no Way a Sachs said. Schaefer told Wal that the Only thing a debate is Good for is that a television gets a lot of play and newspapers get a lot to write a it a debate does no to solve anything a he said. Schaefer said Mardirossian should just give the Money to Charity instead of paying for debates. A the has real Charity in his heart does no the. He has real Charity a the mayor said. Mardirossian responded that his donations for Charity Are Well known and challenged the mayor to find that out by talking to people in Montgomery county. Mardirossian said that after attending a Sachs fundraiser in february he called the attorney general and offered to pay Schaefer $5,000 if he would agree to take part in debates. He said Sachs responded that Schaefer already had All the Money he needed and suggested that the Money be paid to any organization that could get the mayor to debate. Sachs acknowledged that the Money offer is an attempt to highlight the debates As a Campaign Issue. A i think the mayors Campaign will be Hurt if he continues this imperious posture in which he presents himself As someone who has already been elected a the attorney general Amend truck maker s annual meet in vain plea to save jobs by Rick Gladstone a business writer new York a unionized workers threatened by Cost cutting moves at Mack trucks inc. Attended the company a annual shareholder meeting wednesday in an Effort to save jobs but management said the restructuring is necessary for the Long term survival of one of the country a oldest and Best known truck makers. John b. Curcio Macks chairman president and chief executive officer declined to discuss the Job Issue with Walter a. Tiska a United Auto workers representative who spoke on behalf of the 48 members attending from company plants in Hagerstown my. And Allentown a. A this is not a meeting at which to air Union grievances a Curcio said during a ques Tion and answer period in a ballroom of the grand Hyatt hotel in Midtown Manhattan attended by about too shareholders and representatives. The Allentown based truck maker founded by five Brothers in 1900, is famous for its line of sturdy vehicles marked by the bulldog logo that spawned the expression a built like a Mack but the company has suffered in recent years because of a shrinking Market and intensifying Competition particularly from foreign producers that can sell their trucks for thousands of dollars less. Mack attempted to offset that threat in 1983 by allying itself with the French automaker Renault which now owns More than 40 percent of the company and Sells some French built trucks under Macks name in the . Market. Nevertheless Mack lost $59.2 million in 1985, compared with a profit of $74.9 million in 1984, and expects Little improvement this year. To Cut costs the company plans to close its 1,800-worker Allentown Assembly Plant next year and replace it with a new computer controlled Plant in Winnsboro s.c., which is expected to be completed by 1987. It also plans to hire outside firms to build thousands of parts for less Money. This change known As outsourcing is a fundamental shift for Mack and is expected to Cost at least 500 jobs in Hagerstown where Mack employs 3,000 workers. Curcio said it will Benefit the company in the Long term. A Cost reduction is our no. I priority a he said. A totally in Hagerstown Sal lists $25 million loss in 1985 Hagerstown my. A first Federal of Maryland lost $25 million in 1985, the savings and loan has reported to Federal regulators. It was the second year of losses for the Hagerstown based Thrift which lost $4.6 million in 1984, the report showed. First Federal president Richard Zeigler declined comment wednesday. The Board of directors issued extended weather saturday thru monday partly Cloudy saturday. Chance of rain sunday and rain Likely monday. Highs in the Middle to upper 70s. Lows in the Middle to upper 50s. The a statement saying deposits Are insured up to $100,000 by the Federal government and that Federal regulators Are trying to arrange a merger. A first Federal continues to experience financial losses which the Board of directors and management have been dealing with for some time a the statement said. Thrift officers and regulators a will work together maintaining the viability of the association until a merger or other solution is completed according to the statement. The Federal Home loan Bank Board and the Federal savings and loan insurance corp. Have Given no timetable for a merger first Federal officials said. Spokeswoman for the two regulatory agencies would not comment on the Progress of a merger. First Federal reported losing $7 million in the last three months of 1985. The quarterly deficit stemmed mainly from a $5.3 million loss on Loans and foreclosed property according to the thrifts report released by the Bank Board this week. First Federal also lost More than $1 million during the Quarter on its daily business of trying to earn More from Loans and investments than is paid to depositors the report showed. More than half of the 1985 losses came in year when the Thrift wrote off nearly $14 million Worth of previous loan losses the report showed first Federal like others amp is also was Hurt when interest rates Rose about 6 years ago and forced it to pay depositors More than it was making from Low interest fixed rate mortgages. The 1985 losses resulted in a negative net Worth for first Federal. The thrifts assets fell from $208 million to $167 million last year while it owed $190 million. Meanwhile the Thrift reported having More Cash on hand than the government requires. First Federal has three branches in Hagerstown and one each in Frederick Bethesda and Kensington. Teg rated manufacturing is a legacy of another Era which we can hardly in a further Cost cutting move he said that As of March 3 Mack suspended All Merit pay increases and Cost of living adjustments for non Union employees and shortened their vacation time. The workers claim they can save the company Money by altering schedules and wasteful production practices and contend that outsourcing for cheaper parts threatens Macks reliable reputation. When Tiska attempted to Challenge the company a position on outsourcing and asked Why Mack rejected $35 million in Union concessions last year Curcio said a i can to add anything further to what a been the management quickly left after the hour Long meeting leaving workers grumbling among themselves before they took a chartered bus Back Home. A what do they want from us they wont Tell us what a going on a said Plant worker Robert w. Stoner a Mack employee for 36 years. Tiska said it appeared the company already has set its Long term strategy and he predicted the use of cheaper parts built by outside suppliers will Cost Mack More Money in replacement expenses and customer service. A they might As Well take that bulldog off the logo and put a Collie up there a he said. Recovery for injuries Auto accidents detective products malpractice. Robert 0. Katory attorney at Law one Plum court 127 Green Street Cumberland my. James r. Moen . Announces the opening of his office for the practice of general family Medicine 1068 National Highway Lavale rear of Lavale pharmacy office hours by appointment mon., tues., thur., Fri. 8 30 . To 3 30 . Wednesday 1 to 8 . Telephone 301 729-8380 we no it we of our newest store in a Frederick with sailings from we have first Quality Brand name kids Sines fur 13 is ii llpml010bh Didos Many others come in today throughout the store the so outfit country club mall Lavale my monday-thursday10-9, Friday amp saturday 10-9 30 now in the shoe 203-la Vale Cumberland Sears town shopping Center Winchester amp Vocke ads Lavale

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