{ title: 'The leader. (Freeport, N.Y.) 1941-1987, November 15, 1956, Page 16, Image 16', download_links: [ { link: 'http://www.loc.gov/rss/ndnp/ndnp.xml', label: 'application/rss+xml', meta: 'News about NYS Historic Newspapers - RSS Feed', }, { link: '/lccn/sn95071064/1956-11-15/ed-1/seq-16/png/', label: 'image/png', meta: '', }, { link: '/lccn/sn95071064/1956-11-15/ed-1/seq-16.pdf', label: 'application/pdf', meta: '', }, { link: '/lccn/sn95071064/1956-11-15/ed-1/seq-16/ocr.xml', label: 'application/xml', meta: '', }, { link: '/lccn/sn95071064/1956-11-15/ed-1/seq-16/ocr.txt', label: 'text/plain', meta: '', }, ] }
Image provided by: Freeport Memorial Library
/ . . P A P S '. g lJE T E E N T f f E l e a d e r THURSDAY, NOVEMBER IS, 1956 Terry New Manager Of Brokerage OfHce FonneE. Freeport Man In Valley Stream Office Of Edwards and Hanly Robert W. Terry will assume liiiiarge of the Valley Stream branch <bltiC9 of Edwards & Ranly. the lUmg Island investment - brokerage firm, effective November I, It was Announced today by Bert Edsvards, managing partner. ' ■ ■■* sr In the firm, Terry will I : A partner fact In the capacity of resident part ner-manager in the Valley Stream office located at 1 Sunrise Plaza, He is .currently working In the Jack- eon Heights branch office 83-18 37th avenue. Terry became a partner of Ed wards 8t Hnnly. a member of Ehe Newo York Sto.ck Exchange, in Oc tober, 1955. He joined the Jackson Heights office with George M. €orning and John C. Cronin, now Manager there. Previously. Terry and his two associates had been co-manager.s for four years of the Orvls Brothens & tJompany brokerage branch office tn Jaclison Heights. Tliey had .started -the office in July, 1951. Terry was graduated from Free port High School in 1031. attended Syracuse University and received a bachelor of science degree from New York University. His mother. Mr.s Hannah Terry, .stlil resides in Free port, at 11 Wallace street. During World War II. Terry reived ns an Army .staff .sei-genni from 1943-1945 and won five bsttle riRr.5 in the European Theatre of Oppi’ations. Terry ,43, began his inve.stment career with MacKenzie & Company and Herbert B. Stem di Company. Manhnttr.n investment brokerages. From 1945 to 1951, he worked for Thomas Cann Speaks At Kiwanis Meeting Early Start Forecast On Housing Project; Cost About $1,565,000 Two Freeport Members On Panel of. Accountants Thomson 6ff McKinaon, n Manhat- fan brokera^. as a seoui'Jty analyst. Terry U an amateur .stamp col- l ‘;tor and a member of the New York Society of Security AnalysUs and Alpha Chi Rho fraternity. He and hl.s wife, the former Irene Sworney of East Rocknway, live at 151 W&st ]16th street. New York. wit.li their sons, Paul 10, and Robert, B. Power Squadron Holding Dinner Saturday Night Pl.;ns for the annual dinner of Ihe South Shore Power Squadron to be held on Saturday night will be completed at a general meeting of the Squadron tonight at 8:30 o’clock in the South- Shore Yacht Club clubhouse. Motion pictures will be shown during the social hour fol lowing the 'business meeting, Reser vations for the dinner will close with Sol Zlim on Saturday. Henry J. Dengel, assistant cashier of the Meadow Brock National Bank of Freeport, and Robert S. Mc- Lellan, a local C.P.A., are members of a panel which will participate In a symposium Saturday night at a. dinner meeting of the N.nssau-Suf- folk Chapter of the New York State Society of Public Account.tntN with bankers of Nassau-Suffoik Counties. The event will be held In the Garden City Hotel, Garden City, dinner being served at 7 P.M. R. Gerard Palmer, the C.P.A. president, will give the welcoming address. The evening's speaker will be Chester A. Allen. pre.sident of the Kings County Trast Co., of Brooklyn, a C.P.A.. and attorney Raymond T. Hyer, C.P.A. and at torney of Port Washington will moderate the question and answer period by the panel. Speaking at the weekly supper of the Kiwanis Club of Freeport, Wednesday night, October 17, In the Elks clubhouse, Thomas W. Cann. executive secretary of the Freeport Housing Commission, ex pressed hope that work on the 100 - unit housing project for Benning ton Park, would be ready tb get under way about the first of the year. Re said the Federal Housing Authority had orally approved the plans except for a list of modifi cations submitted to the local commission. Mr. Cann. introduced by Secre tary Daniel J. Carmichael, traced the history of Freeport's efforts to obt.^ln a slum-clearance project for the community from late in 1951. He said things were progressing nicely until in 1953 Congress limit ed the number of housing units to 20,000 for 1954 and on September 2, 1953 the commission was instructed to shut tip sliop and liquidate its planning, and as quickly as pos sible forwarded the plans to Wash ington. Modifications recommended by the F h X afe being made arid It was not until November 15. last, that the local commission was notified to proceed, since which lime much of the early wo-k has been duplicated. On March 30. the authority .submitted an estimate of $1,510,053 as the cost of the de- , velopment. since which a revised j estimate hiis fixed the figure at i $1,565,000, which has been approved j by the FHAi. On July 31. la.st, the | Pi-eeport Commis.«iioii was author- | Ized to proceed with preliminary Mr. Cann said he expected they would be forwarded to the Capitol within the next day or so. The site on the northside of East Merrick road running from Albany and Buffalo avenues, and extend ing back to the high school athletic field is owned by five persons. The law requires that before a project can be approved 66 2/3 per cent options must be taken on the hold ings. Mr. Cann said thus far the Commission was just short of this figure, but hoped to qualify short ly. He added that the limit placed on the post per room is $2,500 while the estimated figure for Freeport at present is $2,370 per room. He i expressed hope that when bids are received the cost will be under the government's limit. Mr. Cann said that as under the law. tenants will be charged rentaLs based on their incomes, with the Capri Restaurant Open After Remodeling The Capri Restaurant, 37 Railroad avenue, has been so fully remodelled I that it looks like a brand new estnb- lishment. There’s even an attractive new entrance, added at 50 West Sunrise Highway so that the re.stnu- rant has an address on each of two streets. Tom and Emily Pastorino. who managed the popular eating place for eight years before they sold th^ buslne&s about eight years ago, have resumed management. Their son Andrew, a Freeport High School graduate who recently complete three years of service in the Army, Ls bartender at the large new bar. The entire restaurnnl. Including the kitchen and basement, been beautifully remodelled as well a.s re decorated . result that it is difficult to say in advance what llie annual yield from the 100 apartments would be. He said the general rentals would be $50 monthly for two person-s with one bedroom, followed by $55 and $60 for larger partments. He explained also that the 10 percent to be paid the village on rentals in lieu of taxes would be approxi mately $3,000 as compared to laxe.s now amounting to $1,435 yearly. For D istinctive G ifts Stop in and See DONN GITHEN'S V illa-c Bnok & G ift .Shop 4 W. Merrick Rd., Freeport CHANGE NOW TO A MODERN KITCHEN trara nn ss ff oo rr mm y oo uu rr prere k itc h e nn inn too onene y o u 'llll bee nroud W e can t y p s e n t e i t o y o u ' b p ow . . . h a p p y to w o rk in. T h e c o s t is or) th e m o d e s t side. Al/sfa(e Is Opehmgr Office in Hicksville W i n e s i Allstate Insurance Company ha.s leased additional office space in the new Profes-slonal Building 100 Ea.<<l Old County Road. Hicksville. Wil liam F. Powers, re.sident manager of the company's Long Island re gional office announced this week. Powers said. \This new office is being used to recruit and train new cmpIoyee.s from the Nassau count.*; und Suffolk county area. Our Im mediate purpose is to supplement our existing personnel- and main tain a high degree of promptness and efficiency of service to our policyholders. Our long range ob jective is to secure additional em ployees to staff the new Long Island regional office building we plan to build at Northern State Parkway and Route 110 In Melville, Hunting- ton Township. ljic[uors M. VAN 128 W. M e rr ick Rd., — FR 9-4130 N ext to F reeport Post Office L. I. Lighting Co. Bills P a y a b le H ere F r e e p o r t Plum b ing A n d H e a ting 50 N. Main St. FR 8-7910 A N e w SATURDAY C o n v e n i ^ n ^ To give ybu even better service than ever, COUNTY FEDERAL is now ope every Saturday ® r i S m a s 'C a r d s ' nlMlimof ONE-DAY SERVICE Personalized, Imprinted Greeting Cards, Matches, Napkina and Leather Goods Mon. thru Frt. 8 A.M. to 4 P.M, Friday .Eve. 6 to 8 from 9 A.M. to 1 P.M. Our SAVINGS DEPARTMENTS at all three of our offices are now open 9 A.M. to 1 P.M. every Saturday, for ail Savings Transac tions, Christmas Clubs, Travel Cheques, U. S. Savings Bonds, Passbook Loans, Money Orders and Safe Deposit Boxes {Olhfr iii-iMirlnu'tilg Sot ./>/»<•«./ Saturday 9 / A.M. to 1 P.M, RESOURCES over $ 1 5 0 ,0 0 0 ,0 0 0 BRAITHWAITE'S |i Slolioner ^ i f e e ^ S u p p i i p s _ I > . ' ' ^ I b CHUHCil S T ^ ^/'FlUapon 9-2459' M.:..: t ; ■.j... COUNTY FEDERAL SAVINGS AND LOAN ASSOCIATION / o f ia 53 North Park Ave. {HT u . r : r . st / itioh ) RockyiKe Centre, N e w York/ 120 S. Franklin Ave. ( opposite llr . r . station ) Valley Stream, New York Park & W a n t a g h A v e ’s (Ntaa.i.i k . r . statjohi W a n t a g h , ; N e w York Uec taki in t to il the to c
