The Baltimore Sun from Baltimore, Maryland • 4

Slater plays business as chess fanatically scalps with almost casual ease and left old pros uf London's nessman who died when Mr. Slater was at school, the ty I Everyone from directors to doormen owns shares in his empire. He explains: "It coon spends Fridays working at home just so he can be with Spassky of the Soviet Union after the challenger complained the stakes were not high enough. The multimillionaire said he just wanted to see the controversial game of the century take place. That $130,000 was the same amount of money Mr.

Slater his family. Weekends he plays golf, swims in the pool at his home- makes them care more. It makes them dare more. They soon realize that calculated risk-taking is what business is all about." Like the chess masters he is financing, he does not 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 lieu 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 ac counting. London James Slater, the British businessman who helped finance the Fischer-Spassky chess championship duel, built up a worldwide business empire with the skill of a chess master whittling away an opponent's defenses. "Chess and investment both require the same mixture of science and art, intuition and analysis," he once said. Mr.

Slater should know he is. a chess fanatic who once was expected to be a schoolboy champion. Checks got the better of checkmate, but he still plays and gets his kicks subsidizing tournaments in Britain. $130,000 offer He finds time to play on a chessboard in his office usually against himself while he plots his next million. Mr.

Slater, 43, put up to lure Bobby Fischer, the temperamental American chess champion, to Reykjavik to play world champion Boris "The game was too time- financial district open-mouthed in wonder and waiting for a big fall. But soft-spoken Mr. 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 though his ability to scan pages of complex figures and grasp crucial points in a matter of minutes.

Care, dare more "Looking at a page of figures is to me what listening to a concerto is to a musical person, Mr. Slater says. "A mistake, or an opportunity or an exciting situation 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." tenants die. consuming," he says. He sponsors an annual International tournament at the coastal resort of Hastings.

He has financed next year's world under-21 championships to en had when he quit his job as an auto corporation executive eight years ago. Within a year, Mr. Slater had wheeled and dealed that stake into a half million pounds. Today, he masterminds an investment empire worth more than $500 million on the stock exchange. Business is like music He has a knack for spotting badly run companies with big potential, piling up strategic share holdings, taking them over and transforming them into profit-making concerns.

So far, Mr. Slater has notched about 20 corporate Golf, pool, chess Mr. Slater lives in a modest mansion he built in hi3 bachelor days. He is married now and has two sons and two courage young players. daughters.

Now he has paid a small fortune for the most expensive chess game in history, but he will not be there to watch. He He usually spends only three days a week in his office atop the skyscraper headquarters of his empire, near St. Paul's will follow it in the papers. Cathedral. There is one thing even he The son of a smalltime busi cannnot afford the time.

Disputes left match in doubt before drawing IliiiiC kfi stiwSi Reykjavik, Iceland (fl Disputes all day Thursday left in doubt until an hour before thev the other men representing Mr. Fischer first rejected the request, saying the American insisted that the match start Sunday. drew lots that Boris Spassky and Bobby Fischer would play for the world chess championship, informed sources re Federation officials inter vened and obtained American agreement on condition that ported yesterday. Mr. Spassky put the request in writing.

The day dragged on Telephone calls from the camp of the Russian champion and the American challenger confirming that play would start Tuesday reached the or while officials tried to locate Mr. Spassky, who was finally found through the Soviet Em ganizers at about 7 P.M., or 50 bassy. He consented to write minutes Before Mr. SDasskv it. Gun controls passed easily in Bonn vote (B The West German Parliament adopted stiff gun-control laws yesterday amid public concern over a rising crime rate and politically inspired violence.

i Like their American counterparts, West German arms manufacturers and gun enthusiasts have lobbied effectively for years against attempts to stiffen controls on privately owned firearms. It took a rampage of anarchist bombing violence to focus national attention on what the Germans call "law und order." Passage uncontested The result was the uncontested final passage in the Bundesrat (upper house) of a package of laws broadening police powers and providing gun controls. Most of the urban guerrillas responsible for the violence are behind bars after West Germany's biggest police dragnet in history. It stopped the 2-year campaign of robberies and shootouts with police carried out bv the Red Army reached the Dlavin? hall for tt Mr. Fischer then demanded days off in September for reli the draw.

He won the draw- gious holidays recognized by the worldwide Church of God, the fundamentalist sect he fol giving him the important first move. Referee almost quits The sources said that during lows, if the match runs over its scheduled end-of-August fin ish. More negotiations ensued. the disputes, Lothar Schmid, of West Germany, the chief ref The dispute that nearly caused Mr. Schmid to walk out MOW OFF ORIGINAL PRICES! SORRY, NO MAIL, PHONE: OR CCD.

ORDERS! SHOP EARLY! MANY ITEMS IN LIMITED QUANTITIES; THESE ARE JUST A FEW OF THE MANY SAVINGS! REISTERSTOWN'S OLD FASHIONED BARGAIN DAY SALE IS HERE AGAIN WITH GIGANTIC SAVINGS! was a demand by Mr. Marshal eree, twice threatened, to quit. Harry Golombek, acting in the absence of Dr. Max Euwe, president of the International Chess Federation, overruled Mr. Schmid and said, "We will that restrictions on transmitting move-by-move reports of AP Possible successor goon." the games be lifted.

Rights to a running play-by-play have been sold, and correspondents are limited in the number of times they can transmit the Having dropped their de mand that Mr. Fischer forfeit Metropolitan Meliton, the archbishop of Chal-cedon and dean of the Holy Synod of the Orthodox Church, waited yesterday in Istanbul to receive the body of Patriarch Athenagoras I at the Patriarchate. He has been mentioned as a possible successor to Patriarch goras, who died yesterday. moves. the first game because of his late arrival for the scheduled start last Sunday, the Russians asked Thursday morning that Mr.

Spassky be allowed to rest Aline charges stand Lexington, Ky. (AV-A United Faction, also known as the Kiiiiti -ui J-SiHSiiii itKurMtitfi -tilt! i. ii ifcmH UHiiiiii: i i IttivTi mt t4ii iTiBfa V.i 1 1 jjitiSiiaiti 1 Baader-Meinhoff gang. until Tuesday. States District Court judge re LUSTERC ALE SHEETS fused yesterday a defense motion to dismiss all 24 charges against Charles Finley and the Demands seesaw They said he was "tired and upset" by all the controversey Finley Coal Company, where Brandt reshuffles Cabinet, picks Schmidt to replace Schiller and 38 men died in an explosion in December, 1970.

Paul Marshal, a lawyer, and However, it is considered 1 I White Solids Prints All cotton first quality II 1 Orig. NOW Twin 3.99 99e Full 4.99 1.99 1 Queen. 6.99 2.99 Cases 1.79 2for99e SATURDAY, JULY 8th By BRIG1TTE FALBE Bonn Bureau of The Sun Bonn In a reshuffle of the West German Cabinet, Chancellor Willy Brandt yesterday nominated Helmut Schmidt as minister of economics and finances and Georg a man whom the opposition characterized as an absolute amateur in defense matters, to succeed Mr. Schmidt as minister of defense. Mr.

Leber, who became a great "failures" and used the departure of Mr. Schiller, an ardent defender of free-market principles in national economics and the international monetary field, to charge Mr. Brandt's Social Democratic with socialist leanings. New elections likely Mr. Barzel indicated that his party's readiness to test Mr.

Brandt either in elections or through a parliamentary challenge during the summer had grown considerably. more likely that the opposition will choose new elections, directing their campaign at those voters who in 1969 made Mr. Schiller the Social Democratic party's election "locomotive." Mr. Schmidt, although one of Mr. Schiller's main opponents in recent financial and economic disputes in the Cabinet, is regarded as a "right winger" who will give the opposition little chance for attacks and is likely to continue Mr.

Schiller's basic economic course. prominent trade union leader in the late 1950's, was minister of traffic, transport and postal affairs since 1966. He is an energetic and unconventional man considered able to deal WAMSUTTA AND STEVENS NO-IRON PERCALES Prints Solids First Quality Originally NOW 5.30 to 6.80 1.99 with internal problems of the B.BUGATCH West German armed forces. "No knowledge whatsoever" The opposition Christian Democrats declared Mr. Leber WAREHOUSE FURNITURE CENTER 20-70 REDUCTIONS had "no knowledge what soever" in the defense field and hardly any international 1 experience.

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