European Stars And Stripes (Newspaper) - November 7, 1987, Darmstadt, Hesse                                Pago the stars and stripes 4 Large . Banks Cut prime interest rate new York a four of the nation s largest Banks Tii Niaj in slashed i hair prime tending rate a Quarter percent age Point to 8.75 percent amid mounting pressure for lower rates in inc aftermath oblast month s Stock Market plunge. Citibank Chase Manhattan Bank Bankers Trust and mor Gan guaranty Trust co. Announced the culs in their key lend ing Rale shortly after the Slock Market opened. Stock prices which Sian cd out lower thursday quickly ral lied following the announcement. The rate was Cut As recently As oct. 22, when it dropped for the first time this year from 9.25 percent to 9 percent. The latest reduction also follows interest rate culs in Britain and Germany. Before last month i prime had been raised five times since August 1986, when in stood at 7.5 percent. Three Banks had boosted the rate As High As 9.75 percent in october but promptly reduced it to 9.25 percent in the Wake of the Stock Market s plunge oct. 19. The prime is inc Benchmark used by Bank. 10 set interest rates on a variety of corporate and consumer Loans. 3rd raise for Congress is unlikely Wright says fugitive Winchester captured in Georgia Elderton a. A authorities on thursday captured convicted Bank robber Ehon Royce Winchester one of inc . Marshals service s "15 most wanted fugitives and on the run for More Hao seven years. Winchester 47, is described by the marshals service As a career criminal with convictions for Bank robbery burglary grand larceny escape and firearms violations. He also is wanted in connection with a slaying in Salinas calif., and drug allegations in Florida. Congressman sentence of for accepting gratuities Washington a members of con Gress who received two pay raises this year probably won t be getting an additional one thai they approved for themselves last week House speaker Jim Wright announced thurs , a Texas said that opponents of inc latest proposed hike will be Given a Chance to kill in olt later his month when the House lakes up a government spending Bill. It would be my guess that the Congress would vote to deny any such pay raise in these circumstances said Wright referring to the government s budget roubles if for no other purpose than to demonstrate an  Wright and the House democratic leadership came under harsh criticism for including the 3 percent pay raise in a Bill last week that was designed to reduce the Federal deficit. The measure which included ii2 billion in new taxes passed 206-205 last thursday night Only with the help of a late vote switch. Al though the focus of inc debate was on the axes. Democratic vote counters said privately that the pay Issue Cost then 13 votes. The pay raise for members of Congress who now make $89,500, was included in inc Bill indirectly. The legislation authorized pay raises of 3 percent effective in january for Federal civilian employees overriding the 2 percent recommended by president Reagan and con Gress dido exempt itself from the hike. Rwm denied it was his intent to slip thro Ull another congressional pay raise. He vhf no decided to allow opponents of thertist to eliminate in by taking the Money to pay of fit out of the omnibus spending Bill for fiscal 1981 which comes before the House later this month. He said. Rep. Vic Fazio d-calif., chairman of he legislative appropriations subcommittee said the democratic leadership is sensitive 10 criticism of Fth raise and there s clearly a desire to react to it Fazio said How inc Money would be taken out of inc Bill has not been decided. He said Federal judges and lop executive Branch officials might also lose the raise at the same Lime but not rank and Filc civilian Federal workers. The democrats put the pay raise in the Defi Cit reduction Bill claiming in actually would save �900 million because of an attached provi Sion requiring Federal agencies to absorb the costs elsewhere in their budgets. The congressional by duct office a non Par lisan Agency estimated thai giving a Federal civilian employees the 3 percent raise instead of 2 percent would Cost $546 million. Members of Congress in january received a Cost of living raise approved for All Federal employees which brought lawmakers pay to $77,400. Then a few weeks later in was raised again to inc current level based on the recommendations of a Federal commission and Rea Gan to raise salaries for All lop government officials. Wright was criticized because he delayed a vote on a Resolution to Slop the second pay raise until after the deadline for overturning it had already passed. The 3 percent raise scheduled for january would bring congressional salaries up to about $92,200. New York a rep. Mario Biaggi was sentenced thursday to 2 a years in jail and fined $500,000 for illegally accepting free vacations from a political ally. . District judge Jack b. Weinstein however stayed the sentence pending Appeal. He said the congressman s crimes were bred in greed and  but he look into consideration Biaggi s years in Public service and the 70-year-old Law maker s health problems. The judge said he fell saddened in sentencing Biaggi because i feel a Goral Deal or affection for the  also said he placed a great Jifca of weight on the hundreds of Ioctl Eryc had received in support of Biaggi. F Biaggi could have been sentenced to up to 12 years in prison and fined s 7 50.000. / the congressman said a was upset by the sentencing but he plans to Appeal. I be bet lighting All my life. I still believe 1 Rulh Inocel. I Don t believe in my own heart hat 1 did anything wrong at said. By att was convicted of accepting a grat Uip a free vacation for himself and 4t woman companion from for me Brooklyn democratic Boss Mcado Vej Rosilo in Exchange for the Congress Jean s efforts on behalf of coastal dry Dock a Brooklyn ship repair company that was a major client of Esposito s insurance brokerage firm he was also convicted of interstate travel 10 commit a crime and obstruction of Uslick Esposito 80, was convicted of paying the illegal gratuities and of illegal inter state travel. He was sentenced oct. 23 by Weinstein to a two year suspended Pris on term a maximum Fine of $500.000, iwo years probation and 500 hours of Community service. Both men were acquitted of More serious charges of bribery and conspiracy. Texas riia Yor pursues Driver who collided with his car san Antonio tas a a or Henr Cisneros personally battled crime when he chased an Auto sever Al Miles after someone crammed into his famil car barked outside his Home. Cis Nenje was watching television about 10 25 a. Wednesday when he heard something crash into his ear. He saw a car drive a a and decided to pursue in. I s Barefoot when i got into the car the mayor said. I did t have a weapon Ami i did t want 10 run him off he Road. I wanted to follow him to see where he was  major drove one of his daughter s ears and followed the other vehicle at speeds up to 50 Mph. While he gave Chase. His wife Mary Alice called police. The mayor said the Driver noticed he was being followed and drove through several Side streets to try to elude  said he lost he car after three Miles when the Driver went around a rail Road crossing Barrier that had been lowered for an approaching train. Afler the mayor provided officers with a description of the car and its License num Ber police arrested Alfonso Moreno Villa Gomer 25. Night magistrate Tino Guerra ordered Village my held at the Bexar county jail in lieu of s800 Bond on charges of driving while intoxicated. Best Friendly drool up photo panting is she gazes up at a portrait owner it bbl Barrioz of Union to. Tomc the mastiff accents to be Savouring the Mamm which moved loss he opening or the National Dof my Louis from new York is founded to scum in is. Louis to. Wilh Esme is Honor mans Best Friend in Art