The North Adams Transcript from North Adams, Massachusetts • 8

EIGHT THE KC3TH ADAMS, MASSACHUSETTS, TRANSCRIPT FRIDAY ARKNOON, DECtM" 4, A Charges U.S. DevelojpmGnr Agency Rules Mar Logal Jefrett Says Annual Heeling Regulations Mean NBDG UM Professor Says Survey For Grey lock Effective Funds TTied-Up' Years ELEZASETH BREWER vetopment purposes and to get Tli federal Atm Redevelopment Administration wii blamed last night for soma the financial difficulties that money to buOd its shell by sett-nave virtually ruined fha Northern Berkshire Development tog bonds due in 1S7L How, Mr. Corp. as an effective agency. In a prepared statement.

Roger Jewett, the paid ax- ST? regulations kept cutive director of NBDC -until a recent corporation re- its money ted-up until 1378 or trenchment eliminated his job, charged in effect that ARA l. j.w.u-...,, Furthermore, ha noted, a yew noos." around th. development group', neck. JSTtoZXZ REDEVELOPMENT MEETING Among the head table' guests at last night's meeting of the Area Redevelopment Commission at the laconic Park restaurant in Williamstown were: Left' to right, Donald Bouvier, who was elected vie chairman; Or. Andrew J.

W. fay of the University of Massachusetts, guest speaker; ami Donate F. Dagnoli, who was elected chairman. njAi. iC lieaevelOpmCllI More 7 nan Halt-Million Dollars (jiven Area in Federal Assistance put a Mr.

Jewett, who released his statement at the annual meet-ing of the Northern Berkshire Area Redevelopment. Committee of which he is executive secretary, noted that half of the $550,000 NBDC has raised in the past seven years will be "tied up for 15 years in land and buildings for one new industry." The statement was distributed to members attending the meeting. He obviously was referring to Acra-Mation, which NBDC agreed to help financially so that it could obtain an $1.8 million government loan to start business here. ARA Formula Under the ARA formula- for granting such loans the local development group must be willing to lend 10 per cent of the overall cost of setting up the business. NBDC's share to help establish the $2.5 million metal working industry in North Adams is $275,000.

But, Mr. Jewett said, ARA rules state that this money cannot be repaid to NBDC until Acra-Mation pays off its federal loan in 15 years. He also stressed that the ARA policy which required NBDC to raise its 10 per cent participation in the Acra-Mation project by public subscription had resulted in financial hardship for the corporation. In January of 1963 when Acra-Mation asked NBDC's help, the development group had just raised through a public bond drive, some $190,000 most of which was used to build an industrial shell building at Hodges Crossroad, he stated. Mr.

Jewett explained that since NBDC was reluctant to go back to the public so soon the corporation asked ARA if it could borrow the money. "This we thought we could do by putting up the shell and land as part of the collateral on a loan which would be paid off when the building was sold to the (Acra-Mation) at the time its loan was consummated," he said. an open ceived by school districts outside the town of Adams. AlrpWt Wort The largest sum received, $137,666.92, went to the City of North Adams for airport improvements. The town of Ad-.

ams received $79,500 for im- provements to its water supply mmitw system. A total of $60,000 was paid out to Technical Planning Associates of New Haven, for the much publicized and controversial recreation survey it did in More than a half -million dollars in federal financial assistance has been received in the area this year, according to the annual report of the Northern Berkshire Area Redevelopment Committee. The report released last night ttA MUMiMiff'a annual at the committee's annual meet-big at Taconic Restaurant in Williamstown, notes that the total of $520,000 does not include the projected $1.8 million loan to Acra-Mation, this city's po- by Technical Planning Associates of New Haven, Conn, and the Tramway plan drawn up by the Willamette Construction Co. of Portland, Ore, differ markedly in some of their recommenda tions for development of tbe i state's highest peak. i Praises Survey i to about 20 NBARC members at a dinner meeting at Taconic Park Restaurant in Williamstown, Dr.

Scheffey praised the comprehensiveness of the TPA surrey as its most outstanding characteristic. He said authors of the report are to be complimented as are the NBARC members who saw the need for such a study and pushed through the project The. TPA study surveyed tbe recreation, vacation, tourist potential of the Northern Berkshire area which might be developed to boost the economy. Dr. Scheffey stressed that in its entirety the TPA survey provides the framework of a sound approach to development of this Tour job now," be stated, "is to take the plans and turn them into realities." To translate these ideas into a workable program.

Dr. Scheffey' said, will require a close working relationship among a range of people in both public and private segments of the population. Angiulo Brothers Appear Before Suffolk Grand Jury BOSTON (AP) The six An-giulo brothers one of them identified at a congressional committe hearing as a member of the Cosa Nostra crime syndicate, appeared today before a Suffolk County Grand The office of Atty. Gen. Edward Brooke is presenting to the grand jury evidence gathered by the Massachusetts Crime Commission.

Asst. Atty. Gen. Robert Greeley is directing the presentation. The brothers arrived at the Suffolk County Courthouse with a lawyer, Joseph J.

Balliro. The grand jury reportedly Is receiving evidence the crime commision obtained in its investigation of the affairs of the Massachusetts Turnpike Authority, but there was no' indication of what connection the Angiulo brothers had with the turnpike. However, Gennaro J. Angiulo, of Medford, who was identified as a Cosa Nostra member in a Washington hearing, is head of the Huntington Realty Trust of Boston. Artemis Gargal In Vassar Orchestra Artemis Gargal, daughter of Mr.

and Mrs. Steven Gargal of 11 Central a freshman at Vassar College, Poughkeepsie, N.Y., has been chosen a member of the Vassar College orchestra. Tbe orchestra will participate in an operatic concert of "Orfeo ed Euridice" with tbe MIT Glee Club tomorrow and will give a concert next May. Miss Gargal prepared for Vassar at Drury High School. tential new metalworking Indus-: the Nothern Berkshire area, try.

For urban renewal, North Ad- Nor, the report states, does the ams has received $32,800 to date half-million dollar figure include; in planning the Main Street pro-funds that might nave been re-: Adams has received $50, He suggested that aa NBARC group could assist with regional development, calling sa federal and state agencies and en schools and universities for help. We llave The Most Charming Christmas NOVELTIES You Have Ever Seen CEOTEIPIECES ARRANGEMENTS MISTLETOE PIXIES PICKWICK CAROLERS ANGELS MINIATURE CRECHES CHRISTMAS CORSAGES Made to Last -y, From Polyethylene 42 Main St. 663-9232 Phoenix Hotel Bldg. a Y.1KE BEAUTIFUL CULTURED PEARLS Beeutlful matching euttured peed rmtof 14 Kt sou In smart cluster Cultured Pearls 35.00 13 Eagle St. 663-3651 COCONUT, RUM MACAROONS Mode with Imported rum.

lVi-U. TIN $159 AN ITALIAN ACCENT CARAMELLE Italian Fruit, Drop Candy end 65c CONTINENTAL'S FETUS FCUS Chocolate and Pastel Plan Vetoed But because of its public subscription policy, ARA ultimately vetoed this plan. "To ease the situation," Mr. Jewett continued, "the government indicated that it would accept the land and building (at Hodges Crossroad) at the agreed upon sale price of $175,000 as part of the 10 per cent" "This meant that NBDC would not receive its money in pay ment for the land and building until the federal loan was paid off in 15 years, 1978 at the ear- liest," he stated. The remainder of the money NBDC needed for the Acra-Mation project was raised last spring by the public sale of 5 per cent 15 year debenture bonds.

NBDC is holding this money in escrow waiting for Acra-Mation to raise some $376,000 in working capital it needs to complete requirements for the ARA loan. Payment Assumed When negotiations on the Acra-Mation project first began. Mr. Jewett said, it was assumed that when the firm received its money from ARA the prospective new industry would purchase the land and shell building "paying NBDC for it at once in order to have a clear title to the Mr. Jewett explained that NBDC planned to use this money to pay persons who had bought bonds during the corporation's drive for funds to build the shell The corporation could have saved some interest payments due and still have had soma funds left for operating expenses, he stated.

But even if Acra-Mation had bought the NBDC shell and land outright with its ARA loan the development corporation could not have used this money to pay off its bondholders, Mr. Jewett stressed. ARA policy required that this money would have had to be "plowed back" and used over again for further industrial de- shut case fJlihl tMI5ftfOBtlJ- Tbe government financed sur- vey of this area's recreation po- tential "addresses itself very ef- fectively" to the problem of de- vebptog a Uni- versity of Massachusetts professor said last night. "Should Be Dr. Andrew J.

Scheffey. associate professor in tbe U. of M. deparbnent of forestry and wildlife management, stated such development should, be co-ordinated with the board development of this entire He stressed that any decisions on development must reflect broad considerations since effective development cannot be unilateral These points, said Dr. Scbef-fey, are emphasized in tbe sur-, -vey which be termed a "farsight ed" and "most Impressive doc-' ument.w Dr.

Scheffey was guest speaker at the annual meeting of tbe Northern-Berkshire Area Redevelopment Committee, (NBARC) the group responsible for having the survey made. Asked by a reporter if be felt the plan for Mt. Greylock which is proposed by the Tramway Authority addressed itself equally well to the development problem, Dr. Scheffey replied that he is not familiar with tbe latter proposal. 1 Tat government financed survey, done at a cost of $60,000 Dagnoli Elected Chairman of Area Donato F.

Dagnoli was elected chairman of the Northern Berk shire Area Redevelopment Committee last night at tbe group's annual meeting at Taconic Park Restaurant in Williamstown. Others elected were Donald Bouvier of Monroe, vice-chairman and Raymond W. Burdick of Florida, secretary-treasurer, Mr. Dagnoli steps up from the vice-chairmanship and Mr. Burdick steps dwon after the usual one year term as chairmin.

Members of the nominating committee who proposed the new slate of officers were Walter Kearsey 'of New Ashford, chairman, Laurio King of Adams and Mayor Francis Florini of North Adams, Jacksonville Mrs. Alyee S. Gates 868-2891 Rebekohs' Supper A meeting of Twihght Rebe-kah Lodge was held Wednesday night with 11 members present A supper for the members preceded the business meeting which Included two decorated cakes in observance of the birthdays of two members, Mabel Wheeler and Irwin Green. Plans were made for a Christmas party to be held at the next meeting Dec. 16, with a supper, preceding for members and their families and exchange of gifts.

Adult Farmers Meet Eleven members of the Adult Farmers Group met at the school Tuesday night Dr. James Wsrdsworth of Burlington, animal pathologist, outlined methods of contract terv-ices to, farmers. Personals Mr. and Mrs, Gerald Chrza-nowskl and five children of New York City and Mrs. Chnanow-ski's mother, Mrs.

Polly CuHun of Northportr NX, spent a few days at their summer home in District No. 1. Mr. and Mt. Lawrence Smith attended, a holiday family gathering at' "the home of Mrs.

Smith's sister, Miss Mary Flanders, at Springfield, Mass. Hunters Open til 9 tonight and Sat. night, Center Sports. adv. PLEASE HELP YOUR LOCAL "'RED PINE YOUTH;" ORGANIZATION By Supporting Our House-to-House CHRISTMAS CANDYSALE 81111337, Dec 6 From I to 5 P.

M. Redevelopment two was approved (November 1963) "the loan has sot been consummated, th prospect has asked for an extension of time to raise its required participation and working capital require-' ments; the shell still stands idle, with NBDC needing additional operating funds that it does not believe can be raised by public subscriptions under existing conditions." Dec. SI Deadline Recently NBDC president John W. Bond delivered an ultimatum that Acra-Mation must complete its financial requirements by Dec 31 or the development corporation will give back, the funds subscribed in the most recent bond drive. Last month NBDC announced that because of the difficulty in raising money to meet corpora- tlon operating expenses its paid staff would be eliminated after the annual meeting on Dec.

9. Discussing the purpose of the ARA act, Mr. Jewett noted that it states in part: "The Federal government, in cooperation with the states, should help areas of substantial and persistent unemployment and underemployment to take effective steps in planning and financing their economic developments." But, be asked the group, "Has the ARA been a help or has it put a noose around the neck of NBDC, a corporation that is expected to continue in operation if the loan goes through?" Suggests Amendment He suggested the act could be amended "so that a local organization could re-finance its participation and recover its 10 per cent upon occupation of the property by the new industry." Mr. Jewett conceded that the intent of ARA is good. "There are two good things that come out of it at the start," he.

stated. "One-is that in the formation of a local, committee, representation from all municipalities in the area is required. Thisjbripra" about a working together and a spirit of cooperation which is altogether wholesome. "Secondly, an area is required to submit an. Overall Economic Development Plan- in order to qualify for the benefits under the Act.

It should not be necessary to impose such a qualification for this should be done as a matter of natural development, either by the municipalities through regional planning, or by Chambers of Commerce or others concerned with the industrial and economic development of the area, but too frequently tills is taken for "It is an obvious consideration of the development problems of the area." He went on to say that in 52-paqa booklet dicusses such basic information as: How stocks are bought and sold How commissions ara figured Different types of stocks Exchange functions Why stock prices change For your fraa copy, telt phone, tend a card or drop in. Own your there et American buiintit Anthony R. Talarico Re'deeePhei3-7l20 Repretefitmg Wood, Wolkef Co. Memo New York Stoek Exeheeee Sine Uef Stacks Bonds Mvhiel FWs 28 Nor St. HI 3-S47I Meu.

1 $to phono or mell i "eouooo tedev for vour fhit free I copy of "UNDERSTANDING THE NEW YORK STOCK EX-1 Title S2-peo koolc- I lot eaa kola yen to Item more eboet the marketplace and how fuKtlont. ADDRESS "Understanding the New York Stock Exchange" This Year 478 for similar planning. Aid for urban planning assistance has meant $5,850 for North Adams, $14,250 for Williamstown and $4,500 for: Clarksburg. The Division of Employment Security in North Adams reports $35,200 received for two training programs und the wwtwiiiAW TawlfMWMAnt 1Sfv- Manpower Development Train ing Act A total of $76,920 is reported by the Northern Berkshire Vocational Regional. School District under the George-Barden, Smith-Hughes Acts.

The Adams School Department received a. federal grant of $23,170. Exact total received in the area amounts to $520,334.92. potato chips, corn bread and apple or American cheese and egg and olive sandwiches. Milk, bread and butter are served with the' special meals.

Also available each day are milk, juice, ke cream, cake and puddings, Around Vermont To Install Fey Dec. 12 BURLINGTON The former president of the Uni-versity of Vermont will be inaugurated this month as new president nf the University of Wyoming. Dr. John Fey will formally take over administration of the western university in ceremonies Dec. 12.

GE Gets $2.8 Million Order BURLINGTON A $2,862,000 contract has been awarded bjr the Army's Boston Procurement District to General Electric Company, for the initial production of Vulcan gun pods. The Vulcan gun pod is a recent application of the famed M-61 20 MM. Vulcan gun. The pod is a detachable, self-contained gun system, which can be quickly mounted to the bomb racks of high performance aircraft. Can't Duck License Suspension MONTPEUER The Vermont Supreme Court has upheld the conviction of a St.

Johnsbury man who refused to pick up a registered letter ordering the suspension of his driver's license. The defendant, Arnold M. Hebert, later was arrested, tried and. convicted of operating while his license was suspended- Hebert appealed, declaring that since he had no actual notice of suspension he was still entitled to the use of his operator's license. The 15-day suspension order was mailed to Hebert in St.

Johnsbury. A notation on the envelope read: "After five days return to the Department of Motor Vehicles." When asked to sign for the letter, a postal clerk tes-1 tified Hebert said: "Let me see that. I know what that is. I'll pick that up tomorrow." The clerk testified Hebert did not return for the letter and it was returned to Montpelier marked A month later Hebert was arrested for driving with-' out a. license.

Tbe court said it was proper for the Caledonia County jury to if one, contrary to his duty, closes his eyes and refuses to see he cannot excuse his' conduct lay showing that he did not discover that for which he would not look." Taxes Lower Than Average MONTPEUER Vermonters paid less in local and state taxes in fiscal 1963 than did residents of the average state, according. to a report issued by the Commerce Clearing House in Chicago. The national reporting group on business law and taxes said Vermont residents paid $232 in state and local taxes last year compared with a national average of $235 per 1:4 iV' v. Vermont was also one of only five states which had no increase in state and local taxation. In fiscal 1963, Vermonters paid the' same $232 per capita they did in fiscal 1962.

Vermont was the only state to remain at the same level both years. yergennes Bypass About Done 't VERGENNES The "new construction' on US. Rt. which will enable motorists to bypass a bottleneck at Ver- gennes, is virtually ready for opening. -V State Highway Commissioner: Russell A.

Holden said the bypass would be opened to traffic as soon as the Ver- mont Railway Corp. installs flashing red lights at a grade The new highway is about ti miles long and was built -at a cost of some $600 Mayor Fined $15 BURLINGTON- Burlington Mayor Edward Keenanhas been fined $15 on a charge of violating the law of the road after being involved an accident Oct. 28 at Shel- turne Street and Prospect Parkway in Burlington during a rainstorm. Keenan pleaded no contest to the charge in Chittenden Municipal Court Tuesday. amending the ARA act it should be recognized that the first purpose is to "help areas take effective steps in planning and financing their economic development." Second Mortgage Mr.

Jewett proposed that the local development area should have at least a second mortgage participation and he added that the local area should be given at least a SO per cent control in a project. At present the federal government can loan up to 65 per cent 1 of the overall cost of the project. he stated, "if the act Is to stimulate a continuing industrial and economic development activity, not just to meet an existing problem, it should be written so as to encourage local participation; that is, if local people, loan funds to the local organization for economic development purposes, they should be permitted to recover those funds if the project is successful, so they may be encouraged to do so again. "If they have to wait until the termination of such long-range financing, particularly of a speculative nature, it will be extremely difficult to raise funds again to continue the efforts, i "This is what NBDC has learned as it cuts back its expenses and has to discontinue the services of a professional staff in an extremely competitive field," Jewett concluded. In the Hospital Newly admitted patients at the North Adams Hospital include: Mrs.

Francis i Lussier IS Owens for surgery today. Jane Demers, 7, daughter of I Mr. and -Mrs. Clarence Demers of Middle Clarksburg, for tonsil, and adenoid surgery. Amy daughter of Mr.

and Mrs. Ernest Dubois of Locke Williamstown, 'for tonsil and adenoid surgery. Mrs; Roland Gelina of 55 East Park Pittsfield; for sur- Other Hospitals: xj. Linda Rosse, daughter of Mr. and Mrs.

Theodore Rosse of Herman at Pittsfield- Gen-i eral Hospital, for surgery. i Drury High Menus Daily menus next week at the. Drury High School cafeteria will be as follows: Monday, tomato soup or consomme with rice; spaghetti with 4 meat balls, grated cheese, yellow beans and crusty bread; or peanut butter and boiled ham Tuesday, tomato or chicken noodle- soup; turkey a la king, with mashed potatoes-, buttered carrots, cranberry sauce and Juice; or cream cheese with pimento or spiced -ham sandwiches. Wednesday, tomato or vegetable beef soup; apple hot pork sandwich with gravy, and mixed vegetables; or lettuce and chicken salad Tarsday, to-, HOLIDAY Food Novcliics Delicious Fcicy ASSORTMENT ROYALS 2-Ib. box $U3 DANISH ASSORTMENT 2-Jb.

Tie $1.75 TTahsistoTappPecorcled ArfVeaced faersoi eperafifg end performaace feeferes make aH offer tap recorders obsolete Wherever you go whatever you do take along the exciting world of sound with Emerson Model MM316 solid state tape recorder. Advanced all-transistor amplifier (no tubes), and fool proof Single Knob function control delivers superb per- formsnce and fidelity. 4-speed operation, A and digital counter too. Operates open or IMI closed, vertical or horbnntaL High tapW i fioJded cabinet with built-in handle. PECAN SNAPPERS Delicious confection made with pure chocolate and selected grade pecans.

WITH PANETTON! Italian Fruit Bread b. 2 lb, $1.25 $135 TCRRCKS Italian Nougat Candy Imported and Domestic SOW VAWEl Emerson 4-SpeetJ HTh Fidelity Tape Recorder Coeiplite wfth hl-ff sound "iv ysttnv single knob con- onh TV Vl trol. end record level 1 -'Indicator. cai Pcfe2 mate soup or chicken showderj beef stew with carrots, potatoes, and onions on biscuits, and cheese wedge; or peanut butter with jam and boiled ham sandwiches. Friday, tomato soup or corn chowder; macaroni-tuna Ux islad, carrot strips, Authorized Motorola Sales Service 218 Ashland Street Dial 663-5860 Closed Wednesday Afternoons (Cevszza end Mantata) 13S Srete St..