Word: freyda
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Unable to block the NOW system in court, commercial bankers have protested to Massachusetts Commissioner of Banks Freyda P. Koplow. She is seeking a compromise, possibly an agreement under which savings banks might offer noninterest checking accounts. A spokesman for the Federal Reserve says that it is watching the New England situation "with concern." The Reserve has no control over savings banks, but it does regulate the clearing houses through which NOW drafts move. If savings bank checking takes too big a chunk of commercial bank money, the Government may move to head off NOW at the clearing house...
...Freyda Kaplow, who leads the legislative battle in favor of the project, commented that the "area is doomed to mental health." She added that "the project is of immense importance to the Commonwealth...
Joining with Mrs. Newman was Rep. Freyda Koplow of Brookline, who opposed the "sale of public park land for private purposes." Professional people have declared the bill unsound and the MTA has taken no stand on the issue, Mrs. Koplow maintained. "We should not sell the land for the benefit of John Briston 'Stilts' Sullivan...
Stating there was "no doubt" Sullivan owned the land, Cronin went on to assert that the project would "add, not detract" from property values in the area. He said the buildings would be "first class apartment dwellings." Questioned about use of the land by Rep. Freyda Koplow, Cronin asserted that "you can rest assured it will not be rezoned for factories...
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