The-Leader_1956-11-15

              PAGE TWO THE LEADER ) THURSDAY, NOVEMBER 15, 1956
PlochTeUslQwanis
Df Branch Bank Fight
Nasisau Would Suffer
If City'IiutiluHonS
Opened Here, He.Sajrs .
'- WiUlflm P. Ploch, vIce-presMent
; it the Franklin National Bant; ex-platned
why bankers In Nassau and
Suffolk CountJea nre opp<iSed.\. 6i
Jegjslation wlilcli .would p^tttlCit^
hiz City, savings banlcs tofestabuili
JbniQchcs on lAng latandlsM;.,£ic
JoiembeTB' of tlie Kiwcnls/.CIUb^iof
.—-arreoport at-thelr weekly supiwr iJa
tlie -Elfes clubhouse "on V/ednesdas'!
night, Novettber 7. JHe was-Ifttro*
duced by President Edwin Carlta. •;'
"My purpise in appearing brfp/e
this Ruijjenoc," he paid, "is to dis*
cuss wUh ypu the question whether j *-;;'
the laws Of this State should be I : •!;
fimended &o as to permit savings'
banks located outside the County
.of Nsssau to open branches within
- this county,"
'•Hie -fundamentBl Issue Is really
•twt one of-branching or interest
rates," he added, -"Bie real opposl-
• tlon stems from the fact thftt gross
ine^juiUes exist Between savings
banks and conunerclal banks which
eive toe skvings banks unfair ad-
^mntages over thei^onunerclal banks^
'One of the most Important of these
inequities Is the* fact that while
commercial banks are subject to
|feder#l taoome taxes in fSie same
"inanner as other corporate enter­prises,
mutual savings b^nlcs ave
'not sublect to toe same taxation
'lajtll and unle^ their Surplus Fund,
f#hljfli is created out of eaj^lngH
•.',from money deposited, reaches or Is'
,<?flual 'to 12 per cent of deposits.
,J?ow, as a matter of fact, very few
I'savings banks pay iiicome taxes bo-
\iiause theU'- Surplus Accatuita have
>i«jt (rcaci(vi:a IS per cent. -
Merchants Aid United. Flind BalcKvin -Votes Nov. 20
J On Two Pfoposirions
i BalSwlri'School District'WlU vote
i Tuesday, November;20, at Jlje high
school • on .two propositions.
One-spropos::! js for a five-room
addlHcai'to-the jHarbor ^school at a
cost of$170.000. TliB other would au­thorize"
purchase" .of a 12-acre site
In southern Baldwin, at fl cast of
SlC5i000,-.for another school whlcli
f he Boiud-«f Education says will be
needed within two years.
Cord VJebrock, risfht, duilnoUn if the Merchants Division in ,*V«BparfB
ITnltcd WaM DrtvB,lfa'h*n«efl•-;cheiB^a^^^•«a«*>lai•:Sl^
ness men's c«ntillnitto«dCl»y Milton 1)»i:^ger, mho- asslstB4-SHb'a;Vie&eMk-
' ... • , . .'^:- ;^- ,/.. Bagatelle Photo.
At leterps &Krfce
(Cjontijiued from Page 1>.
Vought, represehtlihg the Wtlllam
Clinton e w y Post, American Le­gion,
presided, lie- i^lsed-Jhe;
Interfalth Clergy-oiunoU for ap-:
pointing a worthwhile ipeafcer tor
each annual service/. After, he dis­cussed
the pitlon's heritage and
quoted the Bec&rat^p,- of iade-pendenee,
Mi.,Vm^t told ho4,
the', ilieglon- Pest eaoji j^ar asksi
other jiatriotlc groups and ihc
public to join in observing Veterans
Day (formerly Armistice'Day).
Preeport High Scbdol .buglers,
,.;». , , , JFiJeeport, souhded" 'taps to let
for a minute of silence at 11 JLM;
Mr. Vcught said'.
After tlie audience sang "Xhe
Star Spangled Banner," Rabhi
Reuben M. B:atiz of Congnegatlon'
B'nal Israel offered the Invooatiota
The follpwJPB 3»ersona (>i| th© ..dais
were Introdftced, some', of whom i
spoke briefly; ,
Jtos. Boy* Gfl0jdey,:^ES!eg«nfr «rf the
]*e<iuJred to njo-intain cash reserves
I with redevai Reserve. Bonk equal to
rC per cent of total sjivJngs depoiiits,
'•m. ^mm they receive no interest^
^.'Whlle savings banks'we not Mqnirod
•ibylaw to maintain such cash re-l
«rve. nils Btain glv€a the savings
> banks an undue advantage' becauso
late monies that are not frozen to a
•reaervo account may be iriveated
and src. In effect, earnhigs"nBsets.
% ttierefore, contend that before
eavings banks be permitted to ex-
^iend their laclUtlcs in this coynty
end compete with commerelal bank.s
that are contributing in a large
naeasure to the support of govern­ment
they be required to pay the
feame taxes find maintain the same
•Mserves us the commercial banks,
thereby affording n more equitable
Dasb upon which commercial banta.
could compete.
"The commeixilal banks of Nassau
County are owned by local people
Bnd ere run by local people. Many
of you I am sure ait; stockholders in
the commercial banks of this
county. You know the people who
a:un'these banks. The officers and
-directors, "and the employees of
these banks, are your frisnds and
Jielghbors. They represent a very
important home bidustry.
"The. establishing of savings bank
ijranches-is fcroiiiid to"; have jan un­favorable
lmfpJi'?it'either dIreot;y or
' indirectly omJiKe economic and fl-
JianclBl Et^tu&-o£-^vpry citizen o^
this county." ' , r ' •
' PaiAeUpi5^M««k
i, At Hemgstc^ ^ftlf, Club
^ . -'-The-toni tel|ind JIaphellenic held
"\ii& monthly .meqting Tuesday at
, ta:3(>' o'clock at' Utic Hempstead
..'', SVJi Club. Hosteases were Mrs. Jolm
I'p. Ueadrlckfion of Valley-Stream,
-ijiMra, Allen Groves qf Merrick and
I'jMiw. .William,nallan,of Mjnhasset.
J- ,| V<A 3?^ theatre party •will be held
;^i^ember':}7/airs.,-Alvin..BflR:k of}[
fJRuth'Floyd • WowlKuU DAIB-Chap-
•ieri- ;lfe. '.Daniel '-Teriy, -.<5halnnan'
of the Ameflcan Bed C^ss Chap--
iter; John RliizotH, •QoiWinendor ol.
•tfie "Wglofa - i t e i r Mrs. John Nico-l!
ch, i?xmUmt ot kte I^gliMi Aux­iliary
ijanltr'.'Donald-.rCteyner, Oom-mander
of the Henry TSieodore
Mohr P9St, Vmw.! .CK^es Her-berti
forroei". coinm«nder of .toe
OHtenry- Morrtson De -bony Post
American Leglo-JJ C'Mrs,, Her­bert,
President ol the: Ee I-ony
«wt's Aa:slll»ry; p?; Jphn W.; Doid.
:jrt?e.ep9ct iSchiocIs -.SupM-intendent
and "SilByQr. WUIiam P,,OJaiCken, Ir
the order namiet}.', '
Mr. I^ei-bcft, Chaimmn of the
jN'ab$au IjfBion's leisl faUve com­mittee,
read a poem teUing whj
people become tjcgioixnalrcs.
—ThB-^oya" a«\^ QiirlB< chbrns Irom
' Bayvlew • A.vcn«fe Sdiopl ^ sang se.
lectlojis,' led by Tia ^director, Mrs
Wllanna .Bruner. Rabbi-jECatx pro­nounced
the benediction.
A(ilulJtJBj8ak«ibaU League
R^gist^tion Tonight
Anolhei- p.irt of the fall and win-
.ter program of theiFi-ecpQrt.Reoi^e-atibn
Department wlli get under-
VfHy tonight, with itho opp.nlng of
the m^n'jS fidult. basketball sessions.
Ileglistratlon for this activity mfiy~
be made this evening, November 15,
at the Bayvicw Avenue School or
Tuesday evening, November 20, at
the Atkinson School' gymnasium
starting nt 7:30 P.M.rand will con­tinue
each; Tiksday^ftpd jrhursday
throughout the jointer iSntos. Ip
addition to the fegulap .practice ses­sions,
a.meetlag.'wm beJieU-at «
o'clock of ail:., team managers to
formulate plans for the Annual Vil­lage'
Adult 'BasketbaU'iieague. -Men
interested In -Joining any of the
teams are asked to be present.
LOST BANK B 0 6 K ^or34"?grS,. Freeiiort
JSa'ali- 1*rr«ono—-interested nr^ Here>y
notifies! Lhat uiile»a eucb b&aik is pv^-
HAnrtVd v>ithin ten '<IOJ 410^^ a, n«w
boah wili be issued.
aT-Nov. lur!il>.
. COiiNELIUS VAN 5EES STUDIO .OF BOTSlC
(Organlet und Director .of Mqsic Fr^eport
.WiPJftodlat Ctiurch)
Teachei'olPJAJWO. VOICE. GHGAN
/iiesinners iiiil-a.dvjtn^'d^iptudeBts-Also classes lor edulta
Ft>T JnlQtm9ik>h Photi& WMeepmt 9-2132
$ Talk
Turkey!
'v2: i - p '#.«•;:«•=•• =S'.
^ •p-wft:«:ti«'-A--^-y "^
Prescriptions •. eosMietlcs
- Vitaintos-• ^Sundries
•;ss--|?.
..Fiee •'Bitlivsm-.•'....'• ' -•
-0jmB .Sfti-:ga^:m40\
Nov* 15 •:- CERAMIC SPECIAL -
WHITE SNOW
Dec. 15
THE WMiTEn TIjtAW WHITE SLIP
, S.Gailon .Drum ^ l l . $4.25 -'-
' • 1 'Gallon' -I—I--., .95
/ JOxca 'JTjci^yxs - Q\o^^Hatia -Wonfiie
Plaster Fistutes.a^ 50% Dispounl Jor -r
- MBS.;:HELMS. PAINTS <
^PVfy ^Lterch Ceicamios
24 BockswW Road; - - '- ' Wpsi Hempstead
. -(qpp..KleJbfi'£ ParJUnig. Lot)
UOTICf
TO NEW YORK STjATI i?A|t pWJ^ERS
NcwjYpik StAle'i cojnpuUorj^jlimomcK.,
bile inwr^ince £,aw.|;o«« iptv f^^ctj^iMt *
Tear.,YoWmBtt beN»Ue.|o israitb pio»f
of'fitiancial nisponaibility Mqtjred bf
lliia W-to'UgutcT'jcAut.tatanoblk lof
1957i:To'%« int'« yon will get ycifr plftlei
'- WiiliQut delay or JnconMoience, there ara
• |w9fi^t>RrtamiIi>ng«y«umtt>t^d; ^',
1, Chock YojuV Cer;tl|)c(it9.«fiin9#ani:9 ".,. ,\ . --,:'
Von wjlj-receive a CerHlital6-«ti;insjirance''lro|T> yonr'-ajletn.-iiilHn^
Ui^t your" covcrasl'coiQpliu wjllf |he Jaw; Bo'uire ,tlie4qf«]r!n^||oV(rt
It ujreea wiili jour prcsentitw refcjbtr^ajionjilt it is n(il;'e«rteciiiqlif»^t '
your agent and jMca~r« a corrected cenaficate... - '-. ' "" "
a. When Yflu Apply for Y^r|,;c«nie t(>e,<ertlficflteUlllv«»'
Be Prpsented or Plates Will |^t &» Issued
wailAM F. isllCKEMy Infc
' 1:13 W. Sunrise Hw^j-:FR9*67S0 •
We Itave the finest assorlmeiit
<lf wines whiGb ge best witii
r^'iliait eld gobbler!"
. Stop in and \choose
yours frorri our vast array
of sparkling and still wines*^*
I ;iii>rtHT'j)lff-^°?^'*'"' . ''.,-,h'.
.Complete llange of Prices from
SB Cents to $8.55 a Fffth
f o r
(5Mn%
us the om>ortiuiity to be of service to yop
dnriiij; the past ^ year. Best Wishes to all of
you foj- ;» boiiiuiful Yhflnksgiving. '
• Free Delivery —FR.9-1234
MOUOR Sif0|IE
"347 So. Grove St., ' . Freep6rt
•( sf