The Courier-Journal from Louisville, Kentucky • Page 11

A 10 TIIK Ul RIFR-JOl UN l. 'mil-. Stl)U. Jl I 1972 Chess angeP masterminds big investments Special prices this week on Bali-Hai bedroom group 4-pc. group, reg.

459.95 399.00 Versatility mokes Bali-Hai equally at home in master bedroom or guest room. Accented with exotic bamboo motif, the finish is brushed apple green and ivory with ivory plastic tops or by special order, Bali-Hai in brushed canary yellow and ivory. triple dresser, 9 drawers, 32" high, reg. 179.95 1 56.00 upright mirror, framed size reg. 40.00 34.00 twin cane-back poster headboard, post height 57 inches, nrs reg.

79.95 U.UU chest on chest, 5 drawers, 49" high," reg. 159.95..., 1 39.00 Fumiturs, Fifth Floor ond Oxmoor otso Lexington Downtown, Fayette Mall, and EvansvilU iwwiiiiiuii min.mnnimiii win' i win Pi8ijSiSagsw Wlf By FI) BLANCHE Asjoc'a'leiT Press LONDON Jim Slater, the British fi-naticior who helped bankroll he chess championship duel, built up a worldwide business empire with the skill of a chessina.Mi-r whittling away an opponent's defenses. "Chess and investment both require the same mixture of science and art, intuition and analysis," he once said. Slater should know he's a chess fanatic who once was a schoolboy champion. Checks Rot the better of checkmate, but he still plays and gets his kicks by sub- i sidiin tournaments in Britain.

He finds time to play on a chessboard in his office usually asainst himself while he plots his next million. Slater. 43. put up 50.000 pounds (S130.000) to lure Bobby Fischer, the temperamental American chess kinsJ. to Reykjavik to play world champion Boris Spassky of the Soviet Union after the challenger complained the stakes weren't high enough.

The multimillionaire said he just wanted to see the controversial game of the century take place. That SO. 000 pounds was the same amount of money Slater had hen he fjuit his job as an auto corporation executive eight years ago. Has notched 20 scalps Shop Monday night 'til 9 Downtown Within a year. Slater had run that stake up to 500.000 pounds.

Today he masterminds an investment empire worth more than S500 million on the stock exchange. He has a knack for spotting badly run companies with big potential, piling up strategic shareholdings, taking them over and transforming them into profit-making concerns. So far, Slater has notched about 20 corporate scalps with almost casual ease and left old pros of London's financial district open-mouthed in wonder and waiting for a big fall. But soft-spoken Slater is not fazed by the prophecies of doom. "I mean to be around for a long time and make this company a great deal bigger and that won't take long to do," he said.

He is able to pile up profits of more than $30 million a year through his ability to scan pages of complex figures and grasp crucial points in minutes. 'Opportunity jumps right out' "Looking at a page of figures is to me what listening to a concerto is to a musical person," Slater says. "A mistake, or an opportunity or an exciting situation the sale you've been waiting for Summer Furniture Clearance savings to 40 The best time to buy summer furniture is now when you can use it most. There's still plenty of time this season to enjoy dining tables, seating groups, and lounge chairs for outdoors. Select from outdoor mesh tables and chairs, umbrellas, and accent pieces for highlighting summertime entertaining.

Typical savings 4-pc sofa group of wrought iron, reg. 303.00 1 80.00 set lounge chairs, reg. to 89.95 49.95 Salterini mesh and redwood chairs and tables all less 20 Summer Furniture, Fifth Floor olio Ox moor jj II jkks jfr Sa i Shop Monday through Saturday 10 'til 9 Oxmoor ENTIRE STOCK OF BROAD LOOM REMNANTS jumps right out and hits me in the eye, just as a wrong note or a well-played passage can be heard at once by a musician." Everyone from directors to doormen i owns shares in his empire. He explains: "It. makes them care more.

It makes them dare more. They soon realize that calculated risk-taking is what business is all about." Like the chessmasters he is bankrolling, he doesn't leave himself exposed if he can help it. He has insured his life for about $25 million, and his five directors each for a tenth as much, to give his empire a cash boost if he and his lieutenants die. Slater lives in a modest mansion he built in his bachelor days. He's married now and has two sons and two daughters, He usually spends only three days a week in his office atop the skyscraper headquarters of his empire, near St.

Paul's Cathedral. Works at home on Fridays I I The son of a smalltime businessman who died when Slater was at school, the tycoon spends Fridays working at home 1 just so he can be with his family. Weekends he plays golf, swims in the pool at his home, or plays chess. He became hooked on the game when he was 11 and was soon playing against British champions. At 16, he stopped playing seriously to study accountancy.

"The game was too time-consuming." he says. i He sponsors an annual international tournament at the coastal resort of Hastings. He has bankrolled next year's world under-21 championships to encourage young players. Now he has paid a small fortune for the most expensive chess game in history. but he won't be there to watch.

He'll follow it in the papers. There's one thing even he can't afford the time. 50 reduced til IH 4 VV' 23 Tic I AV- J-: 6x7 surf nylon shag, 53.00 29.00 7x12' martini wool plush, 102.16 51.00 green and olive nylon shag, 120.00 60.00 12'xl6'10w blue nylon mini-shag, 196.00 98.00 9x12' green nylon shag, 1 03.00 5 1 .00 8x12' gold tweed nylon shag, 143.00 74.00 blue nylon plush, 135.00 67.50 9x12' gold antron looped pile. 144.00 72.00 green nylon looped pile, 133.00 66.50 12'xl4'4" green orlon" acrylic plush, 228.00 11 4.00 emerald lay nylon mini-shag, 113.40 56.00 Many more not listed all subject to prior sale. size color, fiber, type formerly now ll'xl2' emerald nylon mini-shag, 131.30 65.00 12'xl6'll" olive wool twist, 269.59 134.00 12'xl5' beige wool cut pile, 199.00 99.50 12'xl4' jouterne wool twist, 316.47 1 58.00 12'xl2'4" blue wool twist, 278.66 1 39.00 celadon acrylic plush, 113.38 59.00 12x12' moss wool shag, 207.20 1 03.00 12'xl4'9" beige wool cut pile, 195.72 97.0C 12'xl4'3" gold wool plush, 265.00 1 32.00 12'xl5' olive wool plush, 259.00 1 29.00 9x12' mint polyester looped pile, 79.00 39.50 9x12' rust polyester looped pile, 79.00 39.50 6x9' green nylon shag, 53.00 29.00 olive tones antron II looped pile, 119.00 59.50 12'x7'6" gold wool plush, 109.50 54.50 9x12' lemon nylon shag, 113.00 56.00 3 suffer burns in an explosion on cabin cruiser SPECIAL 3 DAYS ONLY As a special bonus, you get a free Alien Rug Cushion with each remnant purchased.

Three persons were injured last night in an explosion on a pleasure craft on the Ohio River near I'tica in eastern Clark County. Admitted to Clark County Memorial Hovpital with burns suffered in the explosion were Kevin Larson. 13, of 2917 Meadowlark in Jcffersonv lne and John Mattingly, 19, of Clark Road A hospital spokesman said their condition would be determined after they are treated by doctors this morning. The boat's owner. Earl McKim.

24, of 2916 Meadowlark, was treated for burns and released from the hospital. Clark County police said the accident happened while attempts were being made to slart the engine. Police said the explosion damaged the engine and left front of Ihe craft, a 21-foot cabin cruier. Damage was estimated by police at S3O0. Police were notified of the accident about 8 55 m.

The Coast Guard station in Louisville also reported being told of a boat explosion about the same time, but a ere, sent to investigate found nothing. only 23 dinette and foyer rugs 10.00 ea. Ficor Coverings, Mfh Floor V' (1 Let one of our talented and experienced Interior Designers help with your selection..