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The Atlanta Constitution du lieu suivant : Atlanta, Georgia • 64

Lieu:
Atlanta, Georgia
Date de parution:
Page:
64
Texte d’article extrait (OCR)

SUNDAY, JUNE 16, 1974 2-D C5f Atlanta Journal and CONSTITUTION Loads aira Georg In Lew ans Cunningham 4 0 I 4 Constitution Editor Jesse Outlar is cm vacation A Tiger by the Tail James H. Price admits to being more than 70 years old, but he has the enthusiasm of a teenager. His eyes sparkle, he wears loud sports coats and he frequently interrupts conver it ''Xi sations witn eiiner rooming laughter or almost rude demands of "Why? Why? Why" He has a brashness about him that is peculiar to those who have survived that asphalt jungle called New York City. For many years his business address was 60 Wall Street, and you could say about this man that he works to live or lives to work. Both are correct.

"I started working full time at the age of 12," Price said recently, "and I graduated from high school by going to night school. I went to NYU six years at night trying to get an education, and I used to walk five miles every night just to save a nickel carfare. I didn't y-yyyyyyy 4. 4 -it t.v- i i 1 Bv C.I' hours, however, it had climbed back to fifth place. At the nine-hour mark, Pescarolo and Larrousse had covered 1 2 2 laps, or 1,000 miles at an average speed of 130 miles per hour.

An experimental Porsche turbo fitted with a supercharger was in second place, some 60 miles behind. The drivers, Gijs Van LeDnep of The Netherlands and Fritz Mullet" of Switzerland seemed to have smooth going so far. But another Porsche Turbo, its supercharger glowing dull red from heat, caught fire briefly. Austrian driver Hans Koinigg quickly put out the flames but the car was pulled out of the race. In third place was the De Cadenet Ford of Alain De Cadenet and John Nicholson of Britain.

It had been as far back as ninth place in the eariy going. Fourth-place overall was held by a Porsche Carrera driven by Georg Loos of Luxemburg and 1 Schikentanz of Germany. It was some 120 miles behind the leading Matra, but it held first place in the Grand Touring Class. In the same lap were the remaining Gulf Ford and a Porsche 902 driven by Guiller-, mo Ortega and Fausto Merel-lo of Ecuador. A broken distributor belt on' the Mulsanne straight where the cars hit their highest speeds cost the Ecuadorean team about 20 minutes.

But after repairs in the pits, the LE MANS, France (AP) -The punishment of the 24 Hours of Le Mans had eliminated 17 cars one third of the way through the sports car classic Saturday night, including two of the favored French Matras. The original field of 49 starters had dwindled down to 32, but it was still led by the frontstarting Matra of Henri Pescarolo and Gerard La-rousse, with the car and the drivers putting in a virtually faultless performance. The two men won last year in a Matra. The four Matras took an early lead from the early challengers, two British Gulf Fords driven by Derek Bell and Mike Hailwood and Vern Schuppan and Reine Wissel. For the first three hours, the Matras were in 1-2-3-4 positions, but then bad luck struck.

The ar driven by Jean-Pierre Beltoise and Jean-Pierre Jarrier had a pit accident with a Porsche. Its front suspension was damaged. Repaired 33 minutes later, it went back on the track but just before the end of the eighth hour it was abandoned with a broken engine. The Matra of Bob Wollek and Jean-Pierre Jaussaud, lying in second place, pulled out shortly afterward. The Gulf-Fords, meanwhile, -were faring badly.

The Schuppan-Wiessel car, fitted with a brand-new engine Friday night, broke a crank-shart and was out of the race almost five hours after it began. The. surviving Gulf-Ford had its troubles, too, including a defective transmission joint. A pit stop of 45 minutes dropped it back far in the field after it had been as high as fourth at one point. At the end of eight CUNNINGHAM Associated Preu Photo Pearson: Looking for Another Spot in Another Victory Lane Pearson on Pole David's Mercury Favored in Motor State 400 Porsche was out again.

153.886 m.p.h. while Gary Bettenhaus-en, a top regular on the United States Auto Club big car circuit, placed his Matador sixth with a speed of 153.685. An early morning hailstorm delayed the start of an otherwise crowded qualifying day about two hours, resulting in a slight drop in lap speeds. Bobby Allison, oldest of the two driving brothers from Hueytown, qualified his Chevrolet poorly, and will start 14th in the field. He needs to win only $359 to become stock car racing's third $1 million career winner.

Petty and Pearson are the others. Pearson won last year's Motor City 400 at an average speed of 153.485 m.p.h. The unusually high average resulted from a cautiom-free 200 laps. Sunday's race was cut from 400 miles to 360 because of the gasoline situation. It will go 180 laps, instead of the usual 200.

It was the 22nd pole triumph for the easy-going veteran in a career spanning 15 years, and his 15th since taking over the Wood Brothers machine from A. J. Foyt two years ago. Pearson won the Motor State in 1972 and 1973 and the Yankee 400 on the same track in 1972. If he wins again Sunday, his 1974 record would be four victories, two seconds, a third and two dropouts.

The other front-row position went to Cale Yarborough in a Chevrolet with a speed of 155.635 m.p.h. Yarborough, a stocky, blond veteran, is the season's top money and events winner. Second-row starters will be Buddy Baker in a Ford and Richard Petty in a Dodge. Baker's speed was 155.487 m.p.h. and Petty's 154.736.

Donnie Allison will start a Chevrolet in the fifth position. He qualified at CAMBRIDGE JUNCTION, Mich. (AP) David Pearson placed his Mercury in the front row pole position Saturday and 'became a heavy favorite to win his third Motor State 400 stock car race. The graying, 39-year-old three-time stock car champion will be at the head of a 36-car pack when the 180-kp, race begins Sunday. If good weather prevails, track officials say there could be a sellout crowd of about 55,000.

The weather forecasters say, however, there is a strong chance of showers. Pearson, winner of 19 superspeed-way races in 34 starts since joining the Wood Brothers team in May 1972, circled the two-mile Michigan International Speedway at an average speed of 156.423 miles per hour in winning 1 the pole position. ST. LOUIS CARDIALS TODAY 2:15 P.M. have that nickel.

Do this during a winter in New York and you will understand the value of a dollar." Price learned well. Starting in the brokerage business at $45 a month, his career includes multi-million dollar deals, one-time control of Riddle Airlines which is now listed on the exchange as Airlift International, an almost fatal plane crash in Nepal and speaking acquaintances with such well-known and diverse figures as Bebe Reboza and columnist Jack Anderson. He says his current net worth is in excess of $1,400,000 over and above all liabilities. "My greatest fault," Price said, "Is that I have inch ha-; tred when I see a dishonest deal being pulled. I will not let them do this to me.

They will do it over my dead body." The fire that rages inside Price Is Atlanta International Raceway. There is no evidence of dishonesty in proceedings of the Federal Bankruptcy Court that awarded control of the track to two Atlantans, Walter Nix and Jim Baker, and a North Carolinian, L.G. DeWitt. By far the raceway's biggest stockholder with better than 20 per cent, Price is challenging that decision in the U.S. Fifth Circuit Court of Appeals in New Orleans.

"And if we get. licked there," he vowed, "I will take it to the U.S. Supreme Court, regardless of the expense." A Telephone Bill of $10,000 Now residing in Belleaire, Price's interest involves more than mere protection of his investment. He contends the Bankruptcy Court ignored a much better offer he made for control of the track. And the primary basis of his appeal is a stockholder vote of 217,000 to 35,000 to reject the Baker-Nix-DeWitt proposal approved by the court.

"The only real violation we are contending has occurred," said Lewis Spearman, Price's attorney, "and that is the basis of our appeal. One group of stockholders has rejected overwhelmingly the court-approved plan. It is my belief that if they reject a plan, you can't force it on them if you have a solvent corporation. And the court has decreed Atlanta Raceway is solvent. "They say the court can provide for the protection of stockholders who dissent by compelling them to sell stock at a certain set price or compelling them to accept the plan." The original court plan was for dissenting stockholders to receive 75 cents a share for their stock.

Price says that because of him, the price went up to $1.60. "I've spent $10,000 on telephone calls," he said, "and I am afraid to guess my legal bill. But when the court ruled 75 cents a share, I entered a bid to buy at $1.50. Finally the court ruled to approve the Baker-Nix-DeWitt bid of $1.60. And when I upped that to $1.65, it was ignored.

The funny thing about all this is that when I became interested several years ago, I told trustee Stacey Cotton that I would pay $3.33 a share." Price's original plan to purchase control was rejected because he insisted that the stock be registered a condition he later removed to no avail. Trustee Cotton stated such a THE MOST DISTINGUISHED SHOES IN AMERICA SPORTS EXPANSION Motor State Lineup 17. Earl Ross. Chevrolet, 150.650. SmmmC, Pros Saturate Western Cities? SUSSEX A plain toe shawl tongue slip-on with panel instep gore ond hardware.

Fully leather lined with life long heels. Black or golden brown calfskin $62.50 1. David Pearson, Mercury. 156.423 m.p.h. 2.

Cale Yarborough, Chevrolet, 155.635. 3. Buddy Baker. Ford, 155.487. 4.

Richard Petty, Dodge. 154.736. 5. Donnie Allison. Chevrolet, 153 886.

i. Gary Bettenhausen, Matador, 153.685. 7. Joe Frasson, Dodge, 153.564. Benny Parsons, Chevrolet, 152.414.

9 Ron TeselowsW, Dodge, 152.236. 10. Lenny Pond, Chevrolet, 151.857. 11. Dick Brooks, Dodge, 151.267.

12. Coo Coo Marlin, Chevrolet, 151.153. 13. Richard Childress, Chevrolet, 150.95. 14.

Bobby Allison, Chevrolet, 150.874. 15. Dave Marcis, Dodge, 150.770. 16. Neil Castles, Dodge, 150.710.

18. Buddy Arrington, Plymouth, 130.587. 19. Jackie Rogers, Chevrolet. 50.404.

20. G.C Spencer, Dodge. 149.988. 21. Cecil Gordon, Chevrolet, 149.922.

22. Marty Robbins, Dodge, 149.592. 23. Frank Warren, Dodge, 149.530. 24.

David Slsco, Chevrolet, 149.142. 25. Bob Burcham, Chevrolet, 148.880. 26. Ed Nagre, Dodge, 143.837.

27. James Hylton, Chevrolet. 148.825. 28. Walter Ballard.

Chevrolet, 148.810. 29. Dean Dalton, Chevrolet, 148.751. 30. Travis Tiller, Dodge, 148.240.

31. Jabe Thomas, Dodge, 148.133. 32. Henley Grey, Chevrolet, 147.468. 33.

Tony Bettenhausen, Chevrolet, 147.339. 34. Richie Panch. Chevrolet, 147.110. 35.

D.K. Ulrlch. Chevrolet, 146.987. 36. J.D.

McDuffie, Chevrolet, 146.966. SAN FRANCISCO (NYT) When the National Hockey League awarded franchises to Seattle and Denver, shortly after the National Football League also approved a Seattle entry for 1976, the westward migration of major league sports may have begun to approach the saturation point. Baseball also has a commit- aj 11 on San Francisco 49ers of the Na Alternates: BUI Champion, Ford, 144.936; Wally Dallenbach, Dodge, 146.520. BankAmrricard I Free Parking Matter Chora' inTrailviave 230Peachtreest. Parking Garage.

Charge PEACHTREE CENTER Behind the Sculpture 522-0044 Who's Making Hobbs Takes 5000 MOSPORT, Ont. (AP) -England's David Hobbs won the Formula 5000 auto race Saturday while driving a Lola Chevrolet for Carl Hogan's team from the United States. Hobbs took the lead on the 26th lap when early leader Mario Andretti was slowed due to engine trouble with his Lola Chevrolet Special. Andretti had dominated the early running of the 40-lap race and had a lead of more than 30 seconds when his engine went bad, dropping him to fourth at the finish. a Bundle? INSIDCICS REPORT WK who', mrtlnt a bundlt.

Oit on ttnill butlrm Mt that ara RARELY SOLO. Enact proflta, coata ment to go back to Seattle, where a domed stadium is under construction, as soon as possible. And the two newest claimants to major league attention the North American Soccer League and World Team Tennis are heavily represented in the western half of the country. While it is more than a century since Horace Greeley made his "Go West" advice so famous, it is only in the last 17 years that sports franchises have really followed it. As late as 1957, when Walter O'Malley decided to move his Brooklyn Dodgers to Los Angeles and Horace Stoneham took i New York Giants along to San Francisco, there were only two major league teams, in any sport, farther west than Kansas City.

Those two teams were the aH atirtinf aua. Free brochure: tional Football Leape, and their location was feasible only because once-a-week football left time for travel. But in 1958, jet planes began cutting the transcontinental flying time to five hours, and sports promoters took full advantage. At the same time, nationwide television reached economic maturity. This year there have been 11 football, 7 baseball, 10 basketball, and 8 hockey teams a total of 36 operating west of Kansas City.

In addition, 6 of the 15 soccer teams and 4 of the 16 tennis teams fit that geographic category. While exciting, this process also has visible dangers. Over population of attractive virgin territory has happened before in the west. Boa 90964, lot Angelei 90009. move would be too costly, somewhere in the neighborhood of "The truth is," said Price, "the biggest law firm in Miami said they would gladly do it for just $50,000." The Lord Is My Partner, Price Says Price was indicted for fraud in 1965 after purchasing 5,800,000 shares and controlling interest in Riddle Airlines from late financier Arthur Vinings Davis.

"It was the only time I have ever been indicted," he said, "and I have never been convicted. The charge eventually was dropped. I had $11 million in assets tied up for four years. That $11 million shrank to $5 million, and the upshoot of the whole thing is that I wound up with $2.5 million instead of $8 million." Price contended the Security Exchange Commission had been trying to crucify him ever since. "If the SEC is ready for me and manipulation of Atlanta Raceway stock," he said, "then I am ready for them." Spearman cited only one major difference in the plan submitted to the court by Price and the one submitted by Baker-Nix-DeWitt.

"Price's plan provided for present stockholders to maintain their position in the corporation if they so desired," Spearman said. "Price owns 26 per cent of the stock, and under our last proposal, other stockholders had the option of deciding if Price ever owned more than 26 per cent." There currently are about 320,000 shares in the track. According to Price, stockholders would lose five-sixths of their investment under the Baker-Nix-DeWitt plan because the number of shares in the track would swell to 1,900,000. The Price plan would balloon the number of shares to about 1,000,000. The merits of Price's appeal will be decided in New Or-.

leans or Washington, D.C. But perhaps the most mystifying thing about the whole matter is why Price became involved in the first place. He says he believes in sports but never has seen an automobile race or major league baseball game. He says he gets his fun from work, 365 days a year. But the most curious aspect of his involvement came when he held up an affidavit that backed up his statement of, "I will gain not one penny from Atlanta Raceway if I get it.

Not one penny directly or indirectly. Every single nickel I have invested in the track plus whatever I get out of it is going to the work of the Lord." Price's conversion to Christ came when he met the pastor of the Key Biscayne Presbyterian Church, Ben Hadcn, who now is an evangelist operating out of Chattanooga. "I gave $700,000 to the Key Biscayne Presbyterian Church with the express understanding that $150,000 be used to pay off the mortgage and the balance for use by Ben Haden for such things as establishing a radio network," Price said. "The Lord is my partner." Price claims he has been jockeyed around ever since he was introduced to Atlanta Raceway by Cotton. He says he has been harassed, which is merely one of many charges he levels.

The validity of those charges is up for question. But one thing appears certain. Atlanta Raceway has a tiger by the tail, and he tiger claims The Lord jjor a partner. Has your poor helpless scalp been massaged, oiled, vibrated, heated, medicated, prayed over? Or wigged, weaved, toupeed or implanted? And is baldness still frustratingly with you? Now at last, a HAIR TRANSPLANT may be able to provide YOUR OWN GROWING HAIR. Get ALL the facts, and ONLY the facts about hair transplants now.

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