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Record-Journal from Meriden, Connecticut • 1

Publication:
Record-Journali
Location:
Meriden, Connecticut
Issue Date:
Page:
1
Extracted Article Text (OCR)

-o Local Tree dispute -continues on Linsley Avenue 9 Accent: Fasting to lose weight should be supervised by a doctor 19 Sports: coaching job is Pat if the 27: Weather: 'Mostly sunny High 70 to 75 9 i- i 124th Year No 143 Meriden Connecticut Thursday May 23 1931 36 pages (Home tttverad 7 days S3 25) 509 to veto Name it tax it to balance tlie budget Coalition plan to pass Senate By Peter Urban Record-Journal Capltot bureau By Jim Zebora Record -Journal staff Lccsl News: Taxpayers say the gbvemment should make do with less Page Editorial: a V-'' behind closed doors Page 16' day from the unionised employees who said the budget proposal would invalidate a 1346 million giveback agreement negotiated with the Weicker administration bipartisan budget appeals to political fears of an income tax rather than political fairness for the cross section of Connecticut residents It is the opposite of what is needed and should fade like the Cheshire said Robert Krsys a spokesman for the state unions- Proponents of the plan spent the day talking with fellow lawmakers to get their reaction to the' details and to count their supporters While there is widespread agreement that the plan will sail through the Senate it faces i difficult fight in the House- The uncertainty of how the House will vote led i Please see Coalition p4 today Unveiled Tuesday this budget and revenue plan would avoid the income tax proposed by Gov Lowell Weicker Jr but it would expand the 8 percent sales tax far beyond its current limits The new plan offered by a bipartisan group of legislators would also continue the business tax surcharge that Weicker proposed eliminating and increase the maximum tax on a capital base from $500000 to 31 million "It not only keeps the tax on business it increases said Kenneth Decko executive director of the Connecticut Business and Industry Association The CBIA supports the proposal for a 6 percent fiat Income tax on family -income over 825000 provided that the state enacts strict spending limits Aside from non-prescription medicines roof- Please see p4 v- Ju 9 HARTFORD Gov LoweU Weicker Jr threatened Wednesday to veto a 5713 billion budget plan proposed by a coalition of Democratic and Republican lawmakers opposed to an Income tax 'j The plan which is expected to be overwhelm- ingly approved by the Senate today would raise an additional $960 million largely by extending the hales tax to items and services that are now exempt They twayl The coalition plan also drew heavy fire Wednes- If you buy medicine for your cold the latest tax plan to come out of Hartford would have you cough up an extra I percent to heal deficit If fixing the holes in the roof over your head be ready to ante up an another 8 percent to fix the holes in the budget If you buy material to make a dress or a new: zipper to repair an old Jacket an additional 8 percent would go to patch the fabric of finances Al) those items and more would become taxable under a proposal to be voted on bythe state Senate Very close call at Merjmere won save Even if Cenvest receives help shareholders could lose it all By Jim Zebora Record-Journal staff 4' MERIDEN Stock in Cenvest Inc could become worthless even It the bank is uved by federal interven- tlon Cenvest the holding company for Central Bang and: Meriden Trust and Safe Deposit Co bank to hetp it survive huge loan' losses which threaten to make the bank insolvent before foe second quarter is over When open assistance is granted stockholders and bondholders are treated as if the bank had actually Staff photos by Paul Nissty Ruben Rofon J4 was saved from drowning In Merlmere Reservoir pulled him to shore! Ashton and another passer-by started cardlopul-Wednesday when Philip Ashton 57' left photo swam put and monary resuscitation Above emergency personnel continue CPR 4S ii 'v 'i -f i fl 1 i i saves what moat people would said police Sgt Coesette Ashton downplayed his role just hope the young man pulls through he praise rescuer actions when he stripped down end jumped into the cold By Ralph Tomaselll Record-Journal staff MERIDEN A 14-year-old city youth miraculously escaped death Wednesday evening when a 57-year-old rescued him from the bottom ofMerimere according to David Barr a Washing ton-based spokesman for Federal De-ilt Insurance stocks and brads Issued before the tlonv would become basically worthless The only recent exception was the can of Continental Illinois Bank: in which shareholders did retain small portion of foe bank's Barr Mid' holder equity has to be addressed in the open assistance application in 6rder for the FDIC to conslder it he added Cenvest stock wu first offered to the public in 1988 at 51350 per share it closed Tuesday at 932 or29 cents a' share Charles Bassos chairman and chief executive officer of Cenvest said the application to the FDIC did include a discussion of how shareholders would be treated Bassos declined to give detail Is a Mid Bassos expect it will be i Barr would not estimate how long it would take federal regulators to review open assistance proposal but Bassos Mid he would stick by his estimate of tihree to six months for determining the bank's future 1 Cenvest wu one of two Connecticut institutions to ap- -ply this week for open assistance from the FDIC The other was Suffleld Financial Crap In Suffield foe hold! company for Suffleld Bank and Coastal Bancorp Maine Barr whoi declined to discuss specifics ot foe Cenvest application said lot ot items have to be worked before foe FDIC will agree to open assistance to a bank Among foe issues are the current management in which regulators have reportedly voiced confidence the possibilty of securing outside investors and the costs to provide assistance such as legal and accounting fees': Federal law limits open assistance to cases in which it is less costly thaa it would be to seise and liquidate the bank Though there have been dozens of applications mly two banks both In the Southwest received open as- sistance in foe last two calendar years a a a was Just thinking I had to find Mid Ashton who la president and chief executive officer of Yankee Ges Services Co knew the longer he stayed under foe water the less chance he had of Ashton said he is a reasonably good swimmer but doe not swim regularly He said he took a water rescue course as a Boy Scout and a CPR course a couple of years ago were a lot of people involved in ton Mid "The Police Department Fire Department and did an excellent Rokm who did not know how to swim was in foe reservoir with six of bis friends police said Swimming is prohibited in foe reservoir located in Hubbard Park Ashton was driving back from Castle Craig around 6 pm when he was flagged down by friends He called 811 on his car phone before diving in to rescue foe youth Wimler Mid although heart was stopped for nearly an hour CPR kept foe blood circulating Hunter's paramedics also administered oxygen when they arrived The cold water and age' increase hie chances of survival Wimler Mid "The body has a reflex that slows down circulation and preserves the vital organs when people Ashton Mid foe incident shows how Important it is for children to learn to swim "This is a tragedy that did not have to Ashtonsaid Philip Ashton of Meriden swam out nearly 100 feet from shore and pulled Ruben Rolon out of IS feet of water1 police said Ashton then swam Rolon back to shore and started giving him cardiopulmonary resusci- tation with another passer-by Michael Cushing of Mer- Idffl -y Rokm of CO Gilbert Rond in critical condition In the intensive-care unit at Hartford Hospital ties estimate he was underwater for abrat 15 minutes "Any chance this kid has came from the two gentlemen who rescued said Tom Wimler a man- ager and paramedic with Hunter's Ambulance Service Inc Wimler was one id four Hunter's employees who responded to the scene Rolon received CPR for nearly 45 minutes at the scene In the ambulance and in the emergency room at the West Campus of Veterans Memorial Medical Center before his heart started beating again Wimler said Rolon was later flown to Hartford Hospital by Life Star "It is a miracle any time we bring someone back once foe heart wimler said Wimler end police said actions were "What he did was outstanding and well above and Staff photo by Raul Wisely A police officer retrieves Ruben belongings from the shore of the reservoir iff rViq Esm i a House votes to toughen 1 gBffi jBEfi flSBEn death-penalty law Hers Is hM Msrktofi-erM stats mpressn-tatkws voM ttts M8 to strengthen Bis death penalty BUSINESS: Fleet- WORLD: Sonia Norstar names exec lor Gandhi an unlikely -state banks Page 23 Indian leader Page 6 ahhy Lottery Numbers JZ Y0TMD YE i 1 Ann Dandtow RSouthington Maty Fritz D-Wsllingfofd Angelo Fusco BGouthingtra Thomas Luby DMeriden 1920 Meriden News i1 Movies stuffs Wednesdsy American Lsagus V- Oakland 2 Toronto 1 -Boston 4 Milwaukee 0 New York 8 Ctevetand 1 Detroit 9 Baltimore 5 KansM City 3 Seattle 1 Taxis 5 Minnesota 2 12) Chtcsgo 5 Califomis a NstioMl League Cincinnati 9 San Francisco 4 Philadelphia 8 Montreal 1 SL Louis 5 Pittsburgh 3 San Diego 7 Atlanta 2 Chicago 5 New York 2 Houston 3 Loe Angeles 2 tporta ptgm 2T-91 Accent Amusements HiMy so News Briefs xx BusinessMoneyn3-25 Obituaries :10 Cheshire News 15 Personalities 2 Classified aara Southington News Comics Sports 27-31 go StateRegion News 15 Cryptoquots 38 Superior Court -10 Dixon w18 Today In History 2 Editorial Pages IS 17 TV Schedules 28 Legal Notices 32 Wallingford News 14 Local News Weather 2 the Senate where it has been de-feated repeatedly in past years But this Senate has 10 HARTFORD The House of freshmen out of 38 members and Representatives seeking to make (Upporters of a tougher death pen' Connecticut rarely enforced aty aay those new members may death penalty workable voted tip the balance in favor of the bill Wednesday to broaden the circum- Current law effectively prohibits stances under which onuts enn jhe death penalty if the Jury finds sentence murderers to death single mitigating factor in the The House passed foe MIL 91-54' defense mur-? at 11:45 pm after-three hours of traumatic -childhood to -intense and widwnnging debate example The bill allows juries and over the appropriateness 'of any deafo penalty The bill goes now to Please see Death' p4 1 1' Eugenq Migliaro Jrn R-Wolcott Eugene Millertck D-Ptoinvtlle Robert Ward R-North Branford John Zajac Jr4 R-Mertden -voTiNaNO Mary Mushinsky D-Wallingford David Thorp R-Cheshire '(Benjamin DeZInno Jr D-Merlden was not present for the vote) 9.

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About Record-Journal Archive

Pages Available:
1,025,674
Years Available:
1892-2024