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...meeting, Chapin announced that a group of U.S. banks had agreed to extend for a year a $72.5 million credit that expired Jan. 31. Also, A.M.C. negotiated the sale of stamping-plant equipment in South Charleston, W. Va., to Volkswagen. Though A.M.C. will now have to buy parts from Volkswagen, the sale will raise much-needed cash. How much, Chapin will not say, but it appears that A.M.C. will be able to redeem some $20.5 million in notes held by the Union Bank of Switzerland that come...
...presidential election, which is scheduled for June. In a three-way campaign that is already getting heated, Miller is running for re-election against Union Secretary-Treasurer Harry Patrick and U.M.W. International Board Member Lee Roy Patterson. Patrick, 46, a voluble, fiery fourth-generation miner from Monongah, W. Va., ran with Miller on the reform ticket in 1972 and represents the progressive wing of the union. Though he came to office without bookkeeping experience or a high school education, he is credited with putting the U.M.W.'s ledgers in order after years of abuse under Boyle. Patterson...
...administering the affairs of the U.M.W.," says Patterson. Patrick calls his former ally "a disaster as president." For evidence, they point to his inability to control disorderly meetings of the U.M.W.'s 21-member international board, Miller's habit of spending long weekends in Charleston, W. Va., near his home, and his failure to check the rash of wildcat coal strikes that have plagued the industry during his tenure, including last summer's prolonged walkout that idled more than 90,000 miners...
...Washington Post Co., she controls a $370 million communications empire that includes the Washington Post (see following story), the Trenton Times, Newsweek, five broadcast stations and 49% of a paper mill. The crowned heads of journalism and Government gather at her Georgetown home, weekend invitations to her Marshall, Va., farm are almost as prized as summonses to Camp David, and in a begrudging accolade. Women's Wear-Daily now refers to her as Krusty...
...about the weather into personal agony and national hardship. The furies of January have been unrelenting. Alltime low temperatures were recorded last week in Cincinnati (-25), Miami Beach ( + 32), Palm Beach ( + 27). Single-day records for the date were set in New York City (-1); Dayton (-21); and Lynchburg, Va. ( - 8). At -19, Chicago experienced its coldest day in this century. Peoria, Ill. ( - 25), had not been so cold since 1884. In Rice Lake, Wis., the temperature plunged to -60-and for two days dog owners had to push their reluctant pets outside to save their carpets...