Word: copeland
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What is better than What is better than owing $64 million? Well, owing only $20 million-as, now, does Lammot du Pont ("Motsey") Copeland Jr., a great-great-great -grandson of the founder of the Du Pont dynasty. Climaxing one of history's largest personal bankruptcy actions, his overworked platoon of Wilmington lawyers settled with a creditors' committee, whittling down his debt from a series of misbegotten enterprises...
...funds (estimated at more than $400,000 a year) to help pay creditors between 10? and 20? on the dollar during the next ten years. The largest undisputed debt, owed to the Republic National Bank of Dallas, is $1.7 million, pared from $4.3 million. The same haggling that reduced Copeland's liabilities also reduced his assets, apart from trusts, to less than $2 million, from about $26 million. He was forced in the agreement, for example, to put his $500,000 Wilmington mansion up for sale. And settlement could well have been prolonged even further had not the Copeland...
Chorus Pro Musica. Works of Billings, Ives, Copeland. Tickets $3.50, $2.00. Sunday...
...embassy's denial, while understandable, should not be taken too seriously; the CIA was only doing its duty "Militant trade unionists are in direct confrontation with authority," wrote Keren. "Seen from abroad, Britain could be moving into a pre-revolutionary situation." The Times and Keren were unprepared for Copeland's next bombshell. In a follow-up letter to the Times, Copeland backed off his story, admitting: "I had no facts of my own with which to corroborate the information." His statements, he suggested, were more a case of wishful thinking...
...Perhaps Copeland's reputation as a former CIA employee who has ostensibly kept abreast of agency affairs impressed the Times. Other acquaintances describe Copeland, 57, as a man who has acquired some status as a CIA expert by trading on his intelligence background. He is readily accessible to journalists seeking material on the CIA. Recalls one: "Miles is the only man I know who uses the CIA as a cover." Nonetheless, Editor Keren insists: "We still believe the Times account to be correct...