Page 709 - Demo

mEquitable MergesWith BoweryOfficials of the Equitable Federal Savings and Loan Association of New York announced Nov. 14 that the bank plans to merge with the Bowery Savings Bank sometime next fall.%u201c Unofficially we%u2019re shooting for the end of September 1979,%u201d said Jack Schwartz, Equitable vice president and treasurer. %u201cWhat we have now is the definitive approval of both boards, but there are a lot of legal problems involved., We have to get the approval of the Federal Deposit Insurance Corporation, the state Banking Department and our shareholders. But we don%u2019t expect to meet any roadblocks. It will be a great advantage to both banks.%u201dFederally chartered in Brooklyn in 1886, Equitable has nine branches in the New York City area, four of them in Brooklyn. After the merger, the bank will assume the name of the Bowery Savings Bank as well as its status as a state-chartered institution.Schwartz said a state charter will mean added services for Equitable customers such as NOW accounts (accounts allowing for free checking with interest) and savings bank life insurance. He also said the bank has been contributing to community projects such as the Navy Yard Boys Club, Brooklyn Bureau of Community Service, St. Vincent's Home for Boys, and the Industrial Home for the Blind.%u201c We%u2019ve sort of lived that way,%u201d Schwartz added. %u201c We take money from the community and we throw money back into the community. Now the Bowery will be able to support all these things we%u2019ve felt all along were important.%u201d Equitable deposits as of June 30, 1978 were $165.3 million while Bowery deposits were $4,588 billion.Slope Council ToMeet On BylawsThe Park Slope Civic Council will hold a general meeting Dec. 7 at 7:30 p.m. at the Old FirstReformed Church, 126 Seventh Ave. with the main goal of discussing and ratifying new bylaws. A meeting of the Board of Trustees will follow.Poly Closes InThe Black In 7 8Polytechnic Institute of New York, 125 years old next year, closed in the black in fiscal 1978 for the second fiscal year in a row%u2014 steadily eroding a $3.4 million deficit that had given the engineering and science university %u201c uncertainty about it%u2019s future.%u201dThose are the words of President George Bugliarello, who attributes the turn-around to a five-year plan started in 1977 and resulting in %u201c increased staff and faculty productivity, strict management controls, a significant increase in research volume and increased student enrollment.Zoning ProposalStill UndecidedWhile agreeing they are moving toward the same goal, merchants of Montague Street and the Brooklyn Heights Association (BHA) are still undecided about amendments to a zoning change proposal worked out last May.The two groups met Nov. 21 to iron out disagreements and set a final deadline of Feb. 15 forsubmitting a workable plan to the city Planning Commission.The BHA wants to preserve the diversity of the street by imposing limitations on the types of stores allowed to operate. For example, food stores could occupy only 25 percent of one block with any individual store being no more than 25 feet across or one story high. The merchants feel this legislation would restrict expansion and intimidate other merchants, keeping them from opening new stores on Montague Street.The meeting, attended by about a dozen people from BHA and the merchants%u2019 Board of Trade, was described by George Silver, BHA president, as %u201c productive and fruitful. The first meetings we had, including a public hearing, were generally devoted to a large negative response. Now we have a meeting of the minds insofar as the concept of zoning.%u201dRoger Backer, president of the Board of Trade, concurred. %u201c We were discussing that, yes, we could possibly work with zoning. But there%u2019s a serious problem with numbers. Whether there%u2019ll be a new zoning law, I don%u2019t know.%u201dSilver has said BHA might be willing to amend the proposed limitations on store types and sizes. %u2014G.F.Bed-Stuy HousingFor Srs. BeginsConstruction of a $5 million 150-unil senior citizen housing development has begun in Bedford Stuyvesant.The twin seven-story structures, sponsored by the Bedford Stuyvesant Restoration Corporation will be built at 257 Greene Ave. and 80 Clifton PI.Each building will contain 75 single apartments and the project will include landscaping, parking facilities and a park. Construction is now in the excavation stage, and is being undertaken as a joint project by the restoration corporation%u2019s own construction company and Caristo Construction Corporation.Botanic GardenGets SupportThe Brooklyn Botanic Garden (BBG) has received a $25,000 grant from the Institute of Museum Services, a newly created federal agency within the Department of Health, Education and Welfare. Acccording to BBG Director Elizabeth Scholtz, %u201cThese funds are crucial in light of decreased city support since the 1975. fiscal emergency.%u201dSeven other arboreta and botanical gardens nationally have received such a grant. In BBG%u2019s case, it will enable the garden to %u201c continue to serve the public without curtailing educational programs, to remain open free of charge and to maintain its high standards of horticultural maintenance,%u201d according to a BBG representative.District 15 NeedsSubstitutesCommunity School District 15 needs substitute teachers in all subject areas for all 25 of the district%u2019s schools.Teachers holding New York City licenses mav annlv Hir^rtlv tn the principal of the school of their choice. Those who are not licensed by New York City but hold a baccalaureate degree with a minimum of 12 teaching credits may be eligible for emergency certification. Substitutes earn aminimum of $40 per diem.District 15 encompasses Park Slope, Borough Park, Sunset Park, South Brooklyn, Carroll Gardens, Kensington, Red Hook, Cobble Hill, Boerum Hill and Gowanus.For more information, contact Barbara Decicco between 1 and 3 p.m. weekdays at the district personnel office, 330-9347.NYPD RequestsGift ControlPolice caution people, as the Christmas spirit comes over them, not to spread overmuch of the holiday spirit their way. The solicitation by or offer to any police officer of a holiday gift is illegal, and should be reported to the commanding officer of the precinct where the policeman works, or to the Police Internal Affairs Division. All reports will be kept strictly confidential.NYU BrooklyniteReceives AwardsThree Brooklyn residents have been named George Granger Brown Scholars and awarded $600 each for their accomplishments in science. All three are seniors at New York University in Manhattan.The winners, Yuk-Ching Li of Willoughby Street, David Friedel of West 16th Street, and Theodore Misailides of East 2nd Street, were three of nine NYU students receiving the award. Ms. Li is a chemistry major, and hopes to do research in biochemistry; the others both plan chemistry careers.Board Six GetsNew Phone No.The district office of Community Board Six announces a change in telephone number effective Dec. 4. The new number is 643-3027.RUN FOR FUN: 125 youngsters braved the cold in ProspectPark, Nov. 26, for the second biannual %u201c Run For Fun.%u201d Theevent was organized by Camp Friendship Youth Programs,Slope Sports and the Cougar Track Club to promote interestfor long-distance running by kids of all ages (Mark GolbyPhoto).M . Y . P . D .UPSIDE DOWN: On Nov. 10 at 1:45 a.m., Carlos Luciano, 18, of 90 Union St., and a 16-year-old companion, Miguel Miranda, of 69 Columbia St., allegedly broke into a store at 190 Columbia St. through a street-level entrance to the basement. Officer Julio Martinez of the 76th Precinct arrested them later that morning at 146 Degraw St.CENTER OF TROUBLE?: Three days after a Center Mall resident was arrested for illegal possession of a sawed-off shotgun and for bludgeoning a man, police collared a juvenile in another area incident. At 5 p.m. on Nov. 7, a youth assaulted a woman at 62 Center Mall, attempted to rob her, and beat her when she refused to give up her possessions. An hour later, 76th Precinct Officer James Carlin arrested the minor, with some difficulty, on the corner of Columbia St. and West 9th St.UNTITLED: Officer Donald Lithgow, 76th Precinct, arrested Louis Rivera, 21, of 243 Smith St., on Nov. 12 at 6:15 p.m., charging him with breaking into a building at 553 Clinton St.THE BEAT GENERATION: Twoyouths, ages 13 and 14. demanded money from a 15-year-old minor outside 662 Fulton St. sometime on NoV. 13. When he refused to fork it over, the two assaulted him with their fists and fled. The next day, at the corner of Fulton St. and Hanson PI. at 7:30 p.m., Detective RichardBrown of the 78th Precinct arrested the pair for robbery and assault.BICYCLE AMBUSH: Officer John Kelly, 78th Precinct, arrested three youths Nov. 14 at 2:40 p.m. for a crime committed nearly a month before. On Oct. 19 at 3:40 p.m., the three had surrounded a third juvenile, age 13, who was out riding his bicycle near St. Johns Place and 5th Avenue. They pushed him off his bike and fled, on foot and wheel; police would not say if the bicycle has been recovered.RATED G: Two adults and a juvenile allegedly burglarized a warehouse at 633 Sackett St., Nov. 14, at 12:30 a.m. Officer John Pagano, 78th Precinct, nabbed George Vega, 19, of 372 3rd St., Orlando Medina, 18, of 319 3rd St., and a 15-year-old minor.W AREHOUSE SNARE: Ferdinand Montero, 28, of 102 5th Ave., Carlos Michelena, 27, of 428 Douglas St., Julio Cruz, 30, of 177 Wyckoff St., and Carlos Claudio, 17, of 234 4th Ave., were arrested Nov. 12 by 78th Precinct Officer Kenneth Trepeta for breaking into a warehouse at 677 Sackett St., and for possessing burglars%u2019t o o k a n H %u00ab t n k n o n n H c Doll/*** O ----* *'%u2022*'vfound no connection between the alleged break-in and the Nov. 14 entry of another Sackett St. warehouse.LIP HIT: Courtney Gallowan, 21, 185 St. Marks Ave., was arrested Nov. 11 at 12:20 p.m. by78th Precinct Officer Louis Failla for allegedly shotting a woman in the mouth. According to police, Gallowan was arguing with a 20-year-old girl, whose name was not released, at 3:30 p.m. in front of 54 St. Marks Ave. before the incident. She was hospitalized at Cumberland Hospital, and is now reported recovered. Police would not say how seriously she had been injured.BALTIC ATTACK: Threejuveniles held up a minor at knife and gunpoint Nov. 11 at 6 a.m. in a Gowanus Housing Project lobby, 414 Baltic St. Officer Robert Rogers, 76th Precinct, arrested the trio the next day at 5 p.m. at the corner of Wyckoff and Smith Streets.SPINNING WHEELS: OnNov. 11 at 1:20 a.m., 29-year-old Eddie Rowe, of 792 Bergen St., was arrested on the comer of Dean Street and Classon Avenue for a series of events beginning at the comer of Smith and Dean Streets. There, he allegedly stabbed the right hand of an unidentified man with a \with the victim%u2019s car and $200. Within a few minutes, Rowe %u201e11____ J1%u201e. i --------1 - J !*%u00bb %u2022 *Ml l u u g t v u WI4.iI a i l U l l l C i c a r ,and allegedly abandoned the accident scene to be collared by Officer Jim Kennedy of the 76th Precinct. Police charged Rowe with robbery, assault, possession of a dangerous weapon and leaving the scene of an accident.November 30.1978. THE PHOENIX. Page 25