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y ' I free from jdrl $pwYork Taylor weeps at Burton graveside •Page 9 49ers sign Montana to m 6-year pact — Pag* 14 Press-Republican Jhe Home'owvn Nt'wvspupe' o* ^H C' \*c)'> Essex I'onUhn Cou\ f 'es Vol.90-No.301 Copyright 1984. The Press Republican Pittsburgh, N.Y., 12901, Tuesday Morning, August 14,1984 Suggested Price: 30$ 24 Pages Interest-free loan on AAeese record By HELEN THOMAS UPI White House Correspondent WASHINGTON (UPI) - Edwin Meese. accused of failing to disclose large loans and giving government jobs to friends, filed his 1983 financial statement Monday and it showed an interest-free, $15,000 loan to his wife has been paid in full. The attorney general-designates disclosure form was submitted to the White House counsel's office Monday and made public a short time later. It must be submit- ted to the Office of Government Ethics within 15 days. The statement discloses that a personal loan in the range of $50,000 to $100,000 at 13 percent interest from the National Bank of Commerce in Washington was \paid in full in 1984 by a second deed of trust\ on the Meeses' residence in McLean, Va. In addition, the statement showed that promissory notes of $50,000 to $100,000 at 18 percent interest to John McKean, who later landed a job on the Postal Board of Gover- nors, also were paid in full. President Reagan nominated Meese, one of his closest White House advisers, to suc- ceed Attorney General William French Smith last Jan. 23. Senate Judiciary Committee hearings on his nomination stalled with revelations that Meese failed to report on his financial disclosure statement his wife's acceptance of the $15,000 loan from close friend Edwin Thomas. Ultimately, at Meeses request, Smith re- quested appointment of a special pro- secutor who is conducting a grand jury in- vestigation into the matter. Meeses statement did not divulge the size, source or terms of the second mor- tgage on his house, which was used to pay off at least $50,000 of his debts. Thomas, after lending the $15,000 to Ur- sula Meese, was appointed chief of the General Services Administration's San Francisco regional office office. Thomas's wife, Gretchen, also got a government job in San Francisco with the Merit Systems Protection Board, causing Judiciary Committee members to raise new questions. Meese, 52, said he inadvertently failed to list the interest-free loan on his financial disclosure statement, and amended the form to include the loan, which was used to purchase stock in Biotech Capital Corp. for his two children. Thomas also bdugkt stock in the com- pany, headed by a close friend, Earl Brian, who served in a state cabinet post when Reagan was governor. The story of Meeses financial affairs became more tangled with disclosures that Questech Capital Corp., a subsidiary of Biotech Corp., received a $5 million Small Business Administration loan in 1981 at a time when the program was cut off to most other firms. Meese has said he sold the Biotech stock, in the range of $5,000 to $15,000, at a loss on May 13,1983. GOP platform keeps stands on women, arms By CLAY F.RICHARDS UPI Political Writer DALLAS (UPI) - President Reagan's loyalists wrote the Republican platform for the fall campaign Monday, largely ig- noring the pleas of moderates for new language on women's rights and arms control and conser- vative attempts to ban tax hikes. Rep. Trent Lott, R-Miss., chairman of the platform com- mittee, insisted the single day of marathon hearings held by seven subcommittees and featuring hundreds of witnesses was not window dressing for a platform already written. But as he spoke at a news con- ference opening the hearings, beside him on the platform was former Transportation Secretary Drew Lewis, Reagan's trusted political operative given the task of making sure there is nothing in the platform the president can't run for re-election on. Following the time honored tradition that the president has That meant proposals for stronger planks of women's rights, arms control and other issues pushed by moderate Republicans would be ignored. In fact Reagan had stronger control over the platform committee this year than he did in 1980 when much of the conservative language was first written. With a week to go before the start of the Republican National Convention, the only glitch in the smooth running platform draf- ting process came as conser- vatives sought to write language to ban entirely any type of tax in- crease for any reason short of war. While Reagan is strongly op- posed te^a tax increase, he wants more maneuvering room in case budget deficits start raising havoc with the economy. Lewis worked on a com- promise that would condemn Walter Mondate and the Democrats for proposing new taxes, while insisting WAI ^^ * • Hb • • W W ^W m ^ W ^H\ •**• •* • — — ^- — -^-r — — — — j) a- v ^ HV ^\» ^ » — — -^ w w — — ^r- — — — — — — — — W representatives of the White possible to prevent a tax hike. House, the Reagan-Bush cam* paign staff and Lott's committee met privately to write the docu ment while the hearings were go ing on. Sen. Bob Kasten of Wisconsin, chairman of the economic sub- committee, made it clear the Republicans weren't in a mood for compromising. College costs rise moderately By PATRICIA McCORMACK UPI Education Editor NEW YORK (UPI) — The price of a four-year college degree at elite private schools has soared past the $60,000 mark for the first time, a United Press International survey of schools showed Monday. The College Board, in a related report on college costs, said \average costs*' of attending are considerably lower, rising only 6 percent over last year — slightly above the Consumer Price In- dex and below annual college increases of 10 to 11 percent over the past three years. At Massachusetts Institute of Technology, Cambridge, the tab for the academic year starting in September is $15,800. A four- year MIT degree, based on no increases for the next three years, would cost $63,200. Other examples of higher prices for a four-year degree, based on the new annual school costs: $61,340, Princeton University in New Jersey; $60,684. Stanford University in California; $61,680, Yale University, New Haven. Conn. Such huge bills are the rule at the Ivy League schools, acknowledged as the most elite and demanding academically. A survey of about 10 elite private schools indicated costs up $700 to $1 .OOOover the previous year. 3 mines found in Red Sea ByWADIEKIROLOS CAIRO. Egypt (UPI) - Three mines have been found floating beneath the surface of the sea in the southern Red Sea for the first time since the rash of explosions that damaged 18 ships began Ju- ly 17, Lloyds of London said Mon- day The disclosure came as Presi- dent Hosni Mubarak directly ac- cused Libya of planting mines and expressed hope the searcfe—\team for mmes would prove Iran was not involved In Washington, the Pentagon announced the United States was sending three helicopter minesweepers to Saudi Arabia u> search for mines in the channels into the main Saudi ports of the Red Sea. Jeddah and Yanbu Ships from the United States. Britain and France already were steaming toward the Suez Canal to join Egyptian sweeping opera- tions in the Gulf of Su« and the Red Sea. Lloyd s of London said mines had been located m three loca- tions at the southern en6 of the Red Sea. but did not say when or who located the names Sources in Cairo said a 15-man of U.S. Navy mine warfare experts found three mines but a Pentagon spokesman in Washington said the team had no reported finding any mines. A spokesman for the US Em- bassy noted that only Egyptian minesweepers were now active in the Gulf of Suei at the northern end of the sea Yes vote Kahane, back row, votes parliamentary committees ceremony Monday. (UPI) in support of new after swearing-in Defiant Kahane takes office loudlyin Knesset By GERALD NADLER JERUSALEM (UPI) - US- born militant Rabbi Meir Kahane blew kisses at thousands of protesters Monday, then im- provised his own parliamentary oath and called an Arab delgate a \PLO-nik * at the stormy swearing-in of Israels 11th Knesset. \I am ready to let these people demonstrate against Rabbi Kahane any place, '-^aid Kahane. who won a Knesset seat in July 23 elections on a platform calling for the expulsion of all Arabs from Israel and the oc- cupied territories \They are doing my work for me. They're helping to get me a second Knesset seat/' said the founder of the U.S.-based Jewish Defense League With no permanent govern- ment because of deadlocked elec- tions, the Knesset recessed after the swearing-in of the 126 members until a government is formed either by Prime Minister-designate Shimon Peres or Prime Minister Yitzhak Shamir. Kahane. 52. drove xo the Knesset past a crowd of up to 3.«• people bearing placards declaring Fascism wiii r>ot pass/ Kahane contradicts Judaism/ 4 and \Kahane equals racism \ At one point, protesters pound- ed on his car. Kahane blew back kisses and once inside the Knesset building, the slightly built\ rai>bi^ took his seat and began reading from a red-bound Jewish Bible using a pink carna- tion as a book mark. Instead of saying 'I abide to undertake the law.\ Kahane muttered the first few words and then added \and I will guard your Torah (bible)\ — a passage from the book of Psalms Edwin Meese Ursula Meese Reorgamzation OK'ch for Placid Club Resort By CECILY BAILEY Staff Writer Sara-Placid Bureau LAKE PLACID - The Lake Placid Club resort may soon be under new ownership. A Virginia bankruptcy judge has ruled in favor of reorganization plans in- volving the sale of the resort for $21 million. The decision made by Judge H. Clyde Pearson will result in the payment of creditors, rather than a foreclosure sale previous- ly hoped for by Key Bank of Nor- thern New York. The bank has claimed to be owed about $4.6 million. The order also approved the sale of a Virginia property, Massanutten Village, which is similar to the Lake PLacid resort? Plans are for Massanut- ten to be sold for $14 million, br- inging the total sale of assets to $35 million. Pearson's order noted that suf- ficient votes from creditors had been received to support the reorganization. Previously, Key ink had opposi cy proceedings for Lake Placid Club Resort companies and mo- tioned for the court to dismiss the plans. Had the court dismissed the bankruptcy plans, Key Bank could have pursued the sale of the property. But on Friday, Key Bank ac- cepted changes in the reorganization plan and gave the required vote of approval to war- rant court confirmation of the plans. Key Bank Vice President Fred Eshelman said the changes in the plan concerned a schedule for securing the financial commit- ment for the sale and changes in the manner in which the bank will be paid. We will be paid 100 percent upon closing, but changes were needed. We were satisfied with the plan as so modified. Accordingly, we told the court we support the plan,\ Eshelman said. Both Eshelman and Lake Placid attorney James Brooks, who represents the Federal Sav- ings and Loan Insurance Corp., said that although the deed ex- change is set for Sept 9. delays could occur Under the judge s decision (and reflecting the modifica- tions), the First Huston Trust Capital Resources Co must come up with $350,000 and a bin- ding $35 million loan commit- ment by Aug. 24. The sale is broken into $14 million for Massanutten and $21 million for the Lake PLacid Club Resort. If these initial conditions are fulfill- ed, a hearing will be scheduled for Sept. 14 in case further court assistance is needed in carrying out the reorganization plans. \As soon as the deed is ex- changed, the new purchaser will take over. There will be a hiatus, but things have been worse. It has to go through a process,\ Brooks said. Florida businessman John R. Swaim purchased the resort in 1980. He will be retained as a con- sultant for $50,000 a year, but will have no in-house administrative or executive position. Originally, about 9*7 percent of Uie stock in the Lake Placid Club Resort was owned by the Lake Placid Education Foundation. Later, under terms of a bankruptcy arrangement. Massanutten Village Inc. (of which Swain was ihp pi incijj ficer) purchased the foundation's interest in the resort. Massanut- ten has since changed its name to. and is often referred to as. First Federal Corp. Swaim has since been embroiled in a series of financial and legal court bat- tles concerning business ven- tures. \Our position at this point is very optimistic that this thing is going to come together. All we can do is support the debtor/' Eshelman said. Ip*.*the event that the First Huston Trust does not meH the condition of Pearson s derision, a hearing will be held on Aug. 24 to determine what happened and whether to vacate the order to confirm the debtors plan In April the resort s court- appointed receiver. Harold R. Soden. announced that the 200 lodging rooms would not he open- ed for the summer Other amenities at the resort havp con- tinued operation but the loss of rooms was seen as a setback in togging accommodations It was estimated that the closing of :he rooms would cut Lak* Pland s accommodations by about 13 3 percent Eshelman *a»d the resort's amenities will continue under Soden until the c Good Morning Weather Warm and humid today and tonight with con- siderable clouds and a 40- percent chance of showers or thundershowers High in the Hte with light and variable winds L - * tonight $5 to r 0 Lotteries The daily number dra*r Monday m the New York State Lottery was 05$ The Business News 10- Classified 20: Comics 1 Date Calendar Deaths. Public Record % Editorial Entertainment Family Life ~ € Horoscope In iht Service Anr. Landers Sylvia Porter Sports i< Weather 0 12 9 • * .9 4 n ? 2 w >^ ^3 • Essex County ^ <->p*n 136th annual fair today — Page 5 • Survev *e** 4 •\ > r5>um^r^ readv :» ^perd — Fag^ 10 a bun da-iT •- \•*** \T ?.+ — Pae?::
