Maryland lawmakers lash at S&L deal in stormy Annapolis
Frederick reports a surly mood as the Maryland General Assembly debates Chase Manhattan Bank’s bid to acquire Merritt Commercial Savings & Loan and two smaller thrifts. The storm outside mirrors the tension inside as lawmakers struggle over a $25 million state contribution and who bears liability for the losses, with Chase planning to return to New York as a special session looms.
MENTIONED IN THIS ARTICLE
Maryland
Annapolis
S&l
State House
State Circle
Harry Hughes
Chase Manhattan Bank
Merritt Commercial Savings & Loan Association
Baltimore
Bethesda
House of Delegates
Senate
Frederick
Jackerr
aSee
Carrow County
Ray Beck
Beck
Derr
Chase
Savings and Loan Insurance Fund
Merritt
House
Ben Cardin
Mickey Steinberg
Financial Committee
Hughes
Chambers
Cardin
Treasury
Jack Cade
Anne Arundel
General Assembly
Gerald
Klein
Jerry Klein
Ben Bialek
Bialek
Florida
Chesterfield
Anne Arundel County
Mike Miller
Prince George’s
Judiciary Committee
Maryland General Assembly
Merritt Tower
Maryland Deposit Insurance Fund
MDIF
Steinberg
New York
St Germain ties questioned over Florida Federal loan and PAC gifts
Washington scrutiny centers on Rep. Fernand St Germain after a Florida Federal Savings & Loan loaned him 164 thousand dollars for Englewood property and SALPAC funded fundraisers. The bank later converted to a stock company while St Germain and bank officials discussed regulatory actions.
MENTIONED IN THIS ARTICLE
Washington
House Banking Committee
Florida
Savings and Loan Company
Fernand St Germain
Florida Federal Savings & Loan of
St. Petersburg
Florida Federal
St Germain
Sandpiper Bay
Englewood
Fla
Federal Home Loan Bank Board
Salpac
National Democratic Club
Washington, D.C
Florida Fedora Lunvelaina
Seici Abeta 5Aha
Paul Nelson
Germain
Tony Capaccio
H.E. Rummel
Bank Board
Political Action Committee
Wall Street Journal
Bicycle rump and hike highlight Frederick youngsters event
More than 35 youths from Frederick City and County took part in the eighth annual bicycle rum and outing led by J Paul Delphey. Prize winners named include Austin Trout John Ponwa Harry Finneyhock Clarence Delphey Jr Irving Brandenburg Sam Maples Jr and Robert Eberts. A 3 pound channel catfish was caught by Charles Keefer and placed in cold storage for mounting. Jacques Hiking Club DeMolay joined a South Mountain hike with about 37 bikers led by C Cyril Klein and Charles F. Bowers featuring Harriette Benchoff Margie Staley Virginia Troxell Nancy Markey and others.
MENTIONED IN THIS ARTICLE
Frederick City
J. Paul Delphey
Austin Trout
John Ponwa
Harry Finneyhock
Clarence Delphey Jr
Irving Brandenburg
Sam Maples Jr
Robert Eberts
Potomac River
Charles
Keefer
Washington St
Frederick
William H. Moore
East Patrick Street
Surprise incentive awards for two instructors at Catoctin Job Corps
Twenty years ago, education instructors Warner Cheeks and Maurice Robinson received $250 incentive award checks at the Catoctin Job Corps Conservation Center in the Catoctin Mountains. Regional Job Corps coordinator Robert Kloske presented the checks with a letter from regional director T Sutton Jet praising their teaching assignments. A humorous Toastmasters contest among Hagerstown Frederick and Winchester clubs was won by William Sullivan of Hagerstown. John Zufall represented Frederick and K M Smith Winchester. Magistrate Byron Thompson found Howard Moore Albaugh innocent of running a stop sign due to a 40-year clean driving record, with Charles Cashour testifying and Edwin Nikirk defending.
MENTIONED IN THIS ARTICLE
Warner Cheeks
Maurice Robinson
Catoctin
Job Corps Conservation Center
Catoctin Mountains
Robert Kloske
T. Sutton Jet
Hagerstown
Frederick
Winchester
William Sullivan
Baltimore
John Zufall
K.M. Smith
Byron Thompson
Howard Moore Albaugh
Pontiac Avenue
Delaware and
East Street
Charles Cashour
Albaugh
Edwin ¥. Nikirk
Don't trust the Russians editorial critique
A reader criticizes Roy Meachum and other editors for labeling Gorbachev as Stalinist and for dismissing Western proposals like a nuclear testing moratorium. The letter argues the arms race harms security, profits politicians and media push anti-Russian rhetoric, and urges more thoughtful, nuanced foreign policy. The second letter questions substitute teacher pay in Frederick, Carroll, and Montgomery counties, urging readers to pressure the school board for higher wages.
MENTIONED IN THIS ARTICLE
Roy Meachum
News-Post
Mr. Rusher
Gorbachev
Mr. Stalin
Meachum
Reagan
Stalin
Frederick County
Carroll County
Montgomery County
Frederick
Lack of insight on educational needs in Carroll Manor area
Ellen Polignano complains county commissioners ignore education needs. Carroll Manor School rooms house 40 fifth graders and 30 kindergartners in space for 20. She urges reexamination of budgets as 600 new townhouses rise on Md. 85 and calls for funding for qualified teachers.
MENTIONED IN THIS ARTICLE
Carroll Manor
Berger
MD. 85
Also Mentioned on This Page
George B. Delaplain, Jr
Tom Mills
Frederick, Md
Bob Reid
Jack Anderson
Raleigh W. Greene
Savings and
Inclu
Ion G
Jake Garn
Utah
Raleigh Greene
House Ethics Committee
Senate Judiciary Committee
Stanley Sporkin
Wemetel Juuwke
Baull Ao
Sporkin
CIA
Pentagon
Army Audit Agency
Ft. Leonard Wood
the Post
United States
Latin America
United Feature Syndicate Inc
Berry's
Frank J. Gaffrey Jr
Ruth Ann Shafer
Ellen Polignano
Paprika
Adamstown
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