Lance Breaks Loan Agreement In Pledge Switch
Bert Lance pledged stock dividends as collateral for a 2.625 million loan from Manufacturers Hanover Trust Co and then offered the same dividends for a loan at another bank. A spokesman confirmed a contract breach though banks did not call in the loan. Officials said no federal law violation was evident though some cited breach of contract.
MENTIONED IN THIS ARTICLE
Washington
Bert Lance
New York
Lance
Office of Management and Budget
Manufacturers Hanover Trust Co
Robert A. Baer Jr
U.S. Comptroller of the Currency
Hanover
Federal Reserve
Robert W. Dietsch
Manufacturers
James Hamberton
Hamberton
Chemical Bank
New York City
Vance Briefs Japanese On His Visit to China
Secretary of State Cyrus Vance briefed Japanese Prime Minister Fukuda in Tokyo on Carter’s concern over Japan's planned nuclear reprocessing plant and discussed U S China relations after his Peking trip. He also sent Holbrooke to Korea and Taiwan to report on talks with Beijing.
MENTIONED IN THIS ARTICLE
Tokyo
Cyrus R. Vance
Peking
Takeo Fukuda
China
Carter
Japan
Vance
Fukuda
Gerard C. Smith
U.S
United States
Communist Party
Hua Kuo-feng
Mao Tsetung
Taiwan
Richard Holbrooke
South Korea
Carter Secret Directive On Strategy Issues Defense Spending
President Carter issues a confidential strategy directive calling for modest defense spending increases and mobile forces to meet threats in the Middle East and East Asia. The document orders a review of nuclear targeting policy to allow limited responses and aims to keep Soviet damage unacceptable while pursuing diplomacy and potential arms limits.
MENTIONED IN THIS ARTICLE
Charles Mohr
N.Y
Soviet Union
Carter
United States
West Germany
U.S
Legal Battles On Workers Involving Foreign Pickers Continue
Local fruit growers travel to Abingdon for the next step in a legal fight over admitting foreign workers. A Department of Labor motion aims to stay a federal restraining order allowing West Indies laborers to enter for the apple harvest, while a Boston court seeks to resolve conflicting rulings between Harrisonburg and Puerto Rico courts.
MENTIONED IN THIS ARTICLE
George M. Stoddart
Star
Abingdon
Red Baker
Frederick County
West Indies
Dept. of Labor
Boston
Baker
Harrisonburg
Puerto Rico
Department of Labor
Turk
Labor Department
British West Indies
New England
New York
Maryland
West Virginia
Virginia
United States
Few Changes Expected In School Enrollments
Statewide enrollment trends show declines while local districts report minimal changes. Winchester expects about 3 480 students, Warren County predicts a rise to 4 350 with more staff, Clarke County remains around 1 900, Frederick County foresees a slight increase, and total professional staff rises to about 443 with new positions funded by federal programs.
MENTIONED IN THIS ARTICLE
Winchester
Jacob Johnson
Warren County
Richard Keeler
Keeler
Leslie Fox Keyser
Warren County High School
Clarke County
William Overby
Overby
Melton Wright
Frederick County
Win
Henry Ve
Wright
Warren school bus routes announced for upcoming year
The Warren County public school system releases its upcoming year bus routes. Details appear in today’s Star. Hite House feature highlights a Bartonsville home said to have hosted George Washington. Amherst Zoning notes planning commission hearings scheduled.
MENTIONED IN THIS ARTICLE
Warren
Warren County
Hite
Country Roads
Bartonsville
George Washington
Amherst
Winchester Planning Commission
Also Mentioned on This Page
Niles Cary
FFA
Blue Ridge Hunt Fox Hounds
Hua
Teng Hsiao-ping
Huang Hua
White House
Jody Powell
Datsun
GW Motors
Concern
U.N. General Assembly
Dietsch
James McIntyre Jr
National Security Council
Defense and State Departments
Special Coordination Committee
Defense
Brown
Zbigniew Brzezinski
Amherst St
Area News
Abby
Spectator
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