Morning Sentinel from Waterville, Maine • 1

Index School policies Pope pledges changed to help cooperation drug abusers in bank scandal Page 12 Page 3 CENTRAL MAI 28 PAGES 30 CENTS WATERVILLE WINSLOW MAINE SATURDAY NOVEMBER 27 1982 VOL 79 NO 232 Tel 873 3341 Yule shoppers of and buying i' More on BANKS Page 14 airfield retiree a i i A 1 WEATHER REPORT: Mostly sunny today Va riablecloudiness Sunday ull report on Page 2 LOTTERY: riday's winning number was sn CHUCKLE: Worry Is like paying Interest on a loan you don't owe VERSE: "My tabernacle also shall be with them: yea I will be their God and they shall be mypeople Oea been able to boost his produc tion this year to almost 26000 mnghly a 33 percent increase over 1981 More OCTREES Page 14 St not accept deposits to assign loan offi cers to solicit business in other states or to participate in loans domestic banks Although out of state banks maintain physical offices in Maine De Matteis said they have been lending in Maine for many many years and pro viding correspondent banking services like check clearing and loan partici pation for Maine banks And some already own stock in Maine banks irst National Bank of Boston for instance owns 25 percent of Casco Northern Corp the bank holding company that owns Casco Bank irst Boston bid for control of Casco would be an unsurprising result of reciprocity and sure there are others in Boston that would consider the acquisition of Maine DeMatteis said The Massachusetts bill restricts its offer of reciprocity to the New England states want those big people from New York City in lynn ex plained The current Maine law makes no such regional distinction so yjhen New York amended its banking law this i year its banks immediately qualified for operating priviliges in Maine The first fruits ot tne arrangement are the merger efforts under way be tween Morstar Bancorp of Albany NY and Northeast Bankshare Association and between Key Banks also of Albany and Depositors Corp Alaska has opened its doors to inter state banking but no Maine Alaska deals seem to be in the works But the possibility of establishing Maine Massachusetts reciprocity alsc raises the prospect of an end rur around attempt to insu late itself from New York DeMattei! The intense desire 6f the New Yorf Sentinel photo by David Learning Albert Georgina: was a miserable mean thing to have done to an old Sentinel Staff I ull parking lots and hordes of shoppers put smiles on the faces of area merchants riday as the an nual countdown to Christmas got off to a better than expected start throughout Central Maine A survey of stores in Waterville Skowhegan and armington re vealed heavy sales and high hopes on the day that traditionally marks the beginning of the Christmas shop ping season And if it keeps up most retailers agreed this holiday sales fig ures will have eclipsed those of 1981 when the stores close on Christmas Eve In Waterville was the buzzword busier than a one armed paper hanger with the said Wayne Cyiway manager of LaVer diere's Super Drug Store in the JK MaD far tremendous ahead of last echoed Ellen Richmond manager of Mr Paperback in the Elm Plaza Many Waterville merchants said they had been quietly optimistic be fore riday adding to their sales staffs and beefing up their stocks in anticipation of the post Thanksgiv ingrush Two newcomers to the local scene Department Store and the recently reopened De partment Store both started their first Christmas season on positive notes day today exceeded our said new manager 1 Tony Rispoli doing very well We ex pected the reported Bob Petrie manager of Veteran Waterville businessmen meanwhile noticed some changes in local buying habits According to Cyrway shoppers are purchasing More on STORES Page 14 Three year old Dana Massey gets a bug from Santa Claus on 1 still under There are no suspects at this point or Georgina the despair of the ini tial discovery has now turned to anger was a miserable mean thmg to have done to an old he said "I think (the thief) ought to be hung up by the neck and like to tighten the As for the future Georgina said things could be rough Some money is left in the bank for bills but that will not last more than a few months There is a life insurance policy for funeral ex penses but it cover everything be enough to take care of be said guess have to dig a hole somewhere and stick me At least one local organization has responded to plight howev er The Diocesan Human Relations Service a non profit group which aids elderly and disabled persons has set up a fund which people may donate money to for him Anyone wishing to give may bring the money to the Waterville office at 224 Main St or mail it there in care of Mildred McKechnie i I 1 'rtW Snt Inti ptwta by Dick Murawll of Rumford 7 JK Mall riday Dana was visiting grand a visit to the parents in the area for Thanksgiving holiday shopping season is the most important time of year for mer chants and can provide more than half the annual profit here are somewhere between optimistic and said Jean Bressler manager of a Department store in Ca dillac Mich She said business will have to improve 10 percent to 15 per cent this season if the store is to show a profit A Chicago study said 83 percent of the people questioned plan to give gifts for the home which surpassed toys and games for the first time in the 12 year history of the Continental Illinois National Bank Trust Co survey lower inflation levels than last year consumers remain unwilling or unable to spend large amounts of money on gifts and are not willing to charge their pur the seventh larg est bank said as many consumers will shop for bargains this year than At Santa Village in New I York Lillian Stockfeder was waiting with her 2 year old son Adam to see one of six store Santas Items on her shopping list Included a can opener and a hand held vacuum cleaner and Mrs Stockfeder said she would seek the best buys Kent Swanson said his Phoenix Md family cut its Christmas budget 20 percent from last yea $250 His gift list Included a toaster coffee maker and sheets increases kept up with past inflation interest rates are still nigh and fuel costs have ris en" said Swanson an investment banker But many merchants said de mand was strong for home enter tainment products such as video games and that hot items included any product tied in with the smash movie The Extra Terrestri Business 20 Calendar 10 Classified 2627 Comics 25 Crossword 25 Dear Abby 13 Entertainment 89 Editorials 45 arm 11 Living 12 loses savings By JOE CLEMENTS Sentinel Staff It hurt quite as much now but 87 year old Albert Georgina still paces his airfield home at night worrying almost crying about occurred two weeks ago today when the retired carpenter was on one of his infrequent trips into town While he was shopping in airfield someone broke into his house and stole virtually all of his savings the $2460 he had recently withdrawn from the bank to help cover his burial expenses Geogina is crippled and legally blind And with his wife put in a nursing home recently he was not prepared to i handle the theft It was a complete shock he said was awfully broke up about it at first" he recounted somberly at his i home riday got a little more settled to it now but I still know what going to do" Georgina had kept the money in his home for a week after withdrawing it from ederal Bank and Trust Co in Waterville on the advice of a social worker He was to transfer it to an ac count in another bank to pay for his fu neral someday but the cash never reached that other bank It was late the night he withdrew the money he explained and there time to deposit it then so he took it home and hid it the last place you'd ever Poor weather and other problems kept him home after that just never had another chance to get in" be said have any transportation so it's hard to get some where unless I beg The following Saturday morning he did get a neighbor to bring him to airfield for a haircut and some shop ping When be came home be had lunch antTwent to his living room The chair be had placed the money under tipped when he sat down and then be noticed a table nearby bad been moved The money as gone Georgina said police came immedi ately bot so far he hasn't any more about There was no sign of forced entry and the doors were locked when be returned but be said they may not have shut tightly when he left airfield police officer Ronald Ray mood said riday night that the matter Colonie said she would be spending less this year have strict orders and this year clothes and things like that No video she said Larry Rose of Albuquerque NM said he has not decided what to buy but knows he will pay cash way we pay for Christmas all next he said As in recent years industry ana lysts predict a buying binge in the two weeks before Christmas with chnnnprc waiting fnr lafibminufp bargains clothing as presents Next came are always wining to at Christmas said Jeffrey einer who follows the retail indus try for the investment firm of Mer rill Lynch Pierce enner Smith But with consumers concerned about unemployment he added do not expect an ebullient Christmas einer said most leading retail ers expect sales to be 5 percent to 7 percent above last level The but caution spells trend By STEVEN ROSENELD AP Business Writer Shoppers cautiously kicked off the Christmas buying season ri day with some leaving their credit cards home and many planning to put practical gifts instead of expen sive toys under their trees Hopes for recovery from reces sion are pinned on increased con sumer spending but with the highest rates of unemployment and business failures since the Depression many shoppers remain cautious Merchants who have been slash ing prices for months and are count ing on a Christmas shopping spree to salvage a profit said they had or dered fewer high priced goods will be a little tighter this said Michael Deltoro a Chicago machinist and father of two wife got laid off and not get ting any overtime probably be some cheaper toys this year" Roseanna Ristow an early shop per in the Albany NY suburb of Maine Christmas tree sales sprouting By RANCIS QUINN Associated Press Writer NORRIDGEWOCK (AP) Maine commercial growers are planting chopping and selling more Christmas trees than ever to take advantage of production shortages in other parts of the nation In their spare time some of the state's largest concerns are pooling efforts to develop a seed bank they hope will produce states around the Great Lakes have overcut to the point where they producing what they used said Bob rederick son executive secretary of the 250 member Maine Christmas Tree As sodrtion Into the gap stride dozen or so full time growers eager to ex pand their market share beyond the tnditkma boundaries of the East ern Seaboard "We've been planting 30000 to 50000 trees a year for the last seve ral said Dwight Newman co founder of the 350 plus acre Christmas Tree Acres in Norridge wock With maturation terms stretch 1 NE banking bill in Bay State may impact ori Maine BY CLARK IRWIN JR cations outside their home state Guy Gannett Service But it is perfectly legal for out of PORTLAND Could State Street state banks to set up loan offices that do Qhawrnut Pirct National Rank Of BOS ton and other Massachusetts banks be thinking of alliances with Maine banks? They could if the Massachusetts Legislature embraces the idea of inter state banking already permitted under Maine law A New England bank bill appears on the calendar of the Massachusetts House of Representatives which recon venes Monday It would extend branching merger purchase and shared electronic bank ing privileges to any other New En gland state that offered similar privileges to Massachusetts banks However Maine is the only one that has any reciprocity at the moment said Massachusetts Deputy Commissioner of Banking Edward lynn so its effects would be temporarily confined to rela tions betwen banks in those two states If Massachusetts banks were able to operate through subsidiaries or part ners here it would make tremendous resources as well as technical exper tise and technology available to Maine according to Maine Superintendent of Banking Don DeMatteis If Massachusetts Bill 6724 passes the House and can be reconciled with a somewhat different version passed by the Massachusetts Senate then banks in Maine and Massachusetts could start talking about possible deals Any action would probably be a one way street according to DeMatteis with Boston banks becoming the domi nant partners in mergers with Maine institutions He doubts that Maine banks would attempt to buy or merge with smaller i banks in Massachusetts or New York enough for them to do in Maine with the capital they have However DeMatteis noted no one should think that the presence of fat eign banks here would be somethingen tirely new I The law has prevented out of state I banks from accepting deposits from loy i SlgitHKlBL lik Jl nf7 5 a thief jjjgMkSfc Driver Cbet Daggett aM Dana Campbell (4 brtngtaa tied of Christmas Tree Acres tn NnrrMaewodf to ateia ag fat as nr JC JT mj 'nn ft Local news 14 17 Maine news 1819 Movies 89 Obituaries 14 Religion 6 Sports 21 24 Sportsmen say 5 Stock listings 20 Weddings 13.