The Burlington Free Press from Burlington, Vermont • Page 11

I 'Obvious Conflict of Interest' Th Burlington tx Fran TUISDAY, NOV. 14. ItM 11 Dinner To Honor -Rev. Mrs. Gregory Friends of the Rev.

Mr. and Mrs. John L. Gregory are planning a farewell dinner for Legislation Being Mapped To Ban Bank Interlocking Directorates Rebuild Roman Town The Roman town of Alba Fu-cense, built in the 4th Century B.C., Is now being restored. When work is completed, the walls, market place and temples them at 6:30 p.m.

on Thursday, Dec. 3, at First Methodist ly different set of people," to Church, South winooski Avenue and Buell Street. Dr. Gregory has resigned after 14 years as secretary of the Vermont Church Council and the Vermont Bible Society. Reservations for the dinner.

will appear, as they did over 2,000 year ago. This former stronghold of the Roman Empire is two hours by car from insure multiplicity of ideas and policies and to avoid conflicts of interest and the danger of By VIC MAERKI MONTPELIER Vermont's commissioner of banking and insurance doesn't like the idea of interlocking directorates In state banking circles and he is mapping legislation designed to outlaw the practice. "I'm completely against interlocking directorates" said Robert E. Cum-mings Jr. of Bennington, state commissioner of banking and insurance.

Rome. financial monopoly. may be made by calling the of-i "I think an individual who fice of the church council. In charge of arrangements FOR SALE Soft Ice Cream goes to do business with a bank should have the opportunity to be judged by different boards at each bank," the state official "I see an obvious conflict of old Bennington lawyer who was Cummings, "Where are his are the Rev. Charles S.

Jones, the Rev. Elmer N. Haley, the interest when one man sits on named to his post in 1963. Rev. Homer C.

Bryant, and the Cummings said depart- nis said. the board of directors of more Rev. Max H. Webster. Stor Hot Dog Grill.

ment is pre- s. ir Sir" SL than one bank and I think it is "If a person goes to one board and runs into a director with paring legisla- Lorge Quantity of Wire. 4 harmful to both the public and tjon riesirrneci Out of Hospital Mrs. Thomas Phillips has re whom he has had some con-flict. he may not get a loan luwic u.mo, iv uj-.

f(0 ouuaw inter- turned to her home at 50 Clarke after three weeks in Fanny Then he goes to a different bank and the same man is sitting on the board there with the same Cokt Dispenser Headi Contact: Gordon Jam's 1504 North Ave. Tel. 864-5569 Allen Hospital. SOFTAS A KISSsr Read the Free Press Want Ad result." locking bank director ates "except for some cases." He said he sees an ultimate danger that interlock- pages daily for big bargains! Cummings said the legislation Cummings said his ideas on the subject have won no favor from bank officials in Vermont, but he said he intends to press for a state law against interlocking directorates. The banking and insurance commissioner said the "biggest problem" with interlocking directorates is in the Burlington and Rutland areas, where some of the state's biggest banks and financial institutions are located.

"The bankers say some men become members of several boards of directors of banks because of their experience and knowledge in the fields of fi- his department is preparing will propose that one person can Cummings Mr. and Mrs. Andrew Jeppe of Walla Walla, sit in office of Clackamas County sheriff Monday and tell of seven Washington state prison escapees way into car and directing ride to near Gresham, not far from Oregon City. Their auto was abandoned and another stolen. That is decoration, not badge, on Jeppe's sweater.

(AP Photo) Hostages Tell Story be a member of the board of directors of only one bank except in some small communities that are served by two ing bank directorates might result in a structural monopoly of a substantial part of the state's finances. banks that have different pur poses and are not in competi here is the competition tion. 'i think the public and the financial banks would be served Tremendous Job Of Heart Hard To Duplicate nance and real estate values," ijfactor when one man sits sajd several bank boards and helps If you have ski accommodations call us collect Skiers in New England's second largett iH iptfrket (more than 1,000,000 people) art looking for cfa lett, homes, hotels, motels, rooms, ski dorm. Yoa can find these renters quickly, AT LOW COST by running; sn ad in SPECIAL SKI RENTAL columns on the Classified Ad ptf of Tho Providence-Journal-Bulletin. CALL COLLECT for complete information.

Dial for operator, ask for Area Cod 401, DExter 1-2800. Ask for Mi HilL ReTcrse the charges. WASHINGTON (AP) If "But," he added develop an artificial, robot Quickly, best if -there were not interlocking directorates, and I'm going you live lo be 70, your one- 'heart to duplicate it, even tem shapes up as achievable only "in the more distant future." Dr. Andrus is director of the second national conference on "you can't tell me there is any shortage of qualified men to sit on those boards." 1 1 to decide such things as inter-1 1 est rates and investment policies?" asked Cummings. i "And, there is a conflict of pound heart will have chalked to try to get legislation that will guarantee that," Cummings said.

up a lifetime job equivalent to interact whan nna man cite carrying a 10-ton load 10 miles. iili.i L.ii niiLii ii man oiid uii ii ii i I. 4- u- 01 oirec- boards and has to several bank That was the illustration giv cardiovascular diseases, under the joint sponsorship of the American Heart Association and agencies of the U.S. Public Health Service. porarily.

Dr. E. Cowled Andrus, professor emeritus of Johns Hopkins University Medical School, told a news conference he believes a crude artificial heart could be developed in several years. But he said a robot heart useful in treating cardiac disease decide a question of business that might be handled by more than one of his banks," said en by one of the nation's top heart specialists in describing the ''fantastic amount of work" done by the human heart and the difficulties in trying to Read the Free Press Want Ad pages daily for big bargains! jwpomD SPEAK and WRITE WORDS OFTEN MISUSED: Do not say, "The whole of the congregation sang the hymn." It is better to say, "The ENTIRE congregation." OFTEN MISPRONOUNCED: Touche Pronounce too a tors of almost all banks in Vermont composed of "a complete- Hinesburg Grange To Observe Neighbors Night HINESBURG Grange 546 will observe Neighbors Night on Tuesday, Nov. 24, at 8 p.m.

All grange members in the district are invited 4-H Clubs Elect The 4-H Clubs held a joint meeting and election on Wednesday Nov. 18 at the elementary school. New activities, crafts and dairying, were discussed. Election of officers was held as follows: President, Mary La-freniere, vice president, Melissa Fletcher; secretary, Kim Fletcher, news reporter, Betsy Morse and song leader, Rox-ann Ketcham. fiKvei accent second syllable.

OFTEN MISSPELLED: Er ratic (irregular); observe the jfouse two "rs. Erotic (amatory); only one SCOTCH WHSm BLEND yiryAs. STROKE: The Killer that can be curbed It used to be thought that strokes occurred suddenly without warning. Now doctors know that 3 out of 4 victims have been warned by 'little strokes" but didn't realize it! You'll find a description of stroke symptoms and what to do about them in the December issue of Reader's Digest now on sale. SYNONYMS: Hint (noun), intimation, implication, innuendo, suggestion, indication, allusion, insinuation, inkling.

WORD STUDY: "Use a word three times and it is yours." Let us increase our vocabulary by mastering one word each day. Today's word: INGENUE; an ingenuous or naive girl or young woman, or an actress rep ODUCT The next meeting will be held! What's so different about NEWKrueger Pilsner? resenting such a person. (Pronounce ann-zhay-nyu, principal on Wednesday, Dec. 2. Post Office Holiday Hours Holiday hours will be observed at the post office on Thurs accent on last syllable).

"The ingenue was applauded for her performance." 120 day, Nov. 26. There will be no rural delivery. Outgoing mail will leave the post office at 8 Convert "clutter" to cash. Sell it with a Free Press Want Ad.

a.m. Mail may be picked up People have faith in Reader's Digest mr. iiimrei unci unit Rtiir mmf ti'imi ii urn iismuij, tiLjuiL from boxes after 10 a.m. Call UN 33-44-1. The student with an "ADVANTAGE He's the one who doesn't have to wonder where the money's coming from because he's saved for it.

It's a wonderful feeling, knowing that you don't have to depend on anyone for the money for your ii beer in It's clearly the education. And of course, there's more time for study, with no need of an outside job. To give yourself this kind of advantage, start saving NOW at the Chittenden's high interest rate. You'll be surprised to see how fast the money adds up. x'v'jj.

PER YEAR interest on all savings remaining on deposit one year or longer. INTEREST DATES PER YEAR 4 -ir ANSWERS for your NEWS QUIZ PART l-o; 2-c; 3-o; 4-b; 5-e. PART II: 1- 2-c; 4-d; 5-b. PART III: 1-d; 2-c; 3-e; 4-b; 5-o. SYMBOL QUIZ: 1-j; 2- 3-h; 4-i; 5-f; 6-b; 7-; 8-d; 9-c; 10-t.

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