The South Bend Tribune from South Bend, Indiana on April 25, 1992 · 4
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The South Bend Tribune from South Bend, Indiana · 4

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South Bend, Indiana
Issue Date:
Saturday, April 25, 1992
Page:
4
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A4 Saturday, April 25, 1992 a South Bend Tribune AREA Mallard might file Chapter 1 1 NAPPANEE - The financially troubled Mallard Coach Co. announced Friday it might file for Chapter 11 bankruptcy. Mallard, a recreational vehicle manufacturer, issued a prepared statement saying "in view of its current adverse financial circumstances, the companys board of directors is examining available alternatives, including seeking protection under Chapter 1 1 of the Bankruptcy Act of 1978. A company that files under Chapter 1 1 receives temporary protection against the demands of creditors while attempting to reorganize its finances and remain in business. The company has had extensive discussions with its lenders in an effort to further restructure its indebtedness to enable the company to continue its operations. To date, these negotiations have not been successful, resulting in the actions referred to above. A final determination by the board of directors is expected by May 1. the prepared statement said. Based in Nappanee, Mallard manufactures motor homes, travel trailers and truck campers in seven locations in Indiana and California. It employs approximately 700 people, most of whom work at company operations in Nappanee and Elkhart. Peak employment in recent years has ranged upwards of 1,000 people. The companys products are sold under the brand names of Mallard, Prairie Schooner, Flight Leader, Overland, Discovery Express. Lexington, Sprinter, Sprint, Sport, Eu-ropa. Baja. Real-Lite and Euro-Lite. Mallard lost $8.5 million, the equivalent of $1.34 per share of common stock, in its 1991 fiscal year which ended Oct. 26. The companys problems continued in the November-January period, losing an additional $3.7 million. In mid-March the board of directors voted to demote its top executive, J. Patrick Kerich, taking away two of his three titles. He was replaced by Edwin T. Veith of New York City in the roles of chairman and chief executive officer. At that time, Kerich retained his third title, that of president. Kerich resigned from the company March 31. Tribune PhotoBARBAHA ALLISON Youth symphony South Bend Symphony conductor Tsung Yeh directs the musicians in a piece by American composer Leonard Bernstein during the annual Youth Symphony on Thursday at Morris Civic Auditorium. Thousands of schoolchildren attended the four concerts Thursday and Friday. Hesburgh will receive award SOUTH BEND - Rev. Theodore M. Hesburgh, president emeritus of the University of Notre Dame, has been named the eighth recipient of the Hospice Helping Hands Award. Thomas Callahan, Hospice president, will present the award May 6 at a reception-dinner at the Joyce Athletic & Convocation Center. Hesburgh was selected as the honoree for his distinguished public service career in local, state, national and world venues. Hesburgh has held 14 presidential appointments over the years, involving him in civil rights, peaceful uses of atomic energy, campus unrest, Third World development and immigration reform. At the same time, he has re- u ? ft ' VM tv THERE'S BIG NEWS ON TV! (thvllUjW1 R KSSif3 ...ffliiiriw ft New Format ft ft The very latest information! ft ft 24-Hour Coverage! ft ft Easy-to-scan Grid Listings with added program descriptions! ft ft Expanded Movie Coverage! ft ft More Channels! ft ft Easy-to-access Daytime Listings! ft ft Sports Highlights! ft ft Special Features ft ft "Best Bets" during Prime-Time viewing! ft ft "Best Bets" for Daytime Talk Shows! ft filtJ 'jiUvrivau South Bend firibune To order convenient, economical Home Delivery, call (219) 235-6464 Out-of-towntn, please all collect mained a national leader in the field of education, serving on many commissions and study groups examining matters ranging from public funding of independent colleges and universities to the role of international studies in higher education. Hesburgh stepped down as president of Notre Dame on June 1, 1987, after 35 years. Today, he continues in retirement to advance the interests of Notre Dame institutes and centers, like the recently dedicated institute for International Peace Studies and the Kellogg Institute for International Studies, both of which he was instrumental in founding. Ann Landers, nationally syndicated columnist and longtime CARRY EXTRA CLOUT WHEREVER YOU GO... mms rs y::.TC3TCTr W SUBSCRIBE TO TRIBUNE BUSINESS WEEKLY FOR EXCLUSIVE MEMBERSHIP! FOR MORE INFO, CALL: 235-6468 long distance, call: 1-800-521-5045 Another reason to get Invisible Fencing Peace of Mind Aesthetic Effectiveness Freedom Affordability Versatility Invisible Fence Company of South Bend 299-1944 Ex-fugitive given 15 years in prison friend, will be the evenings testimonial speaker. The reception begins at 6 p.m., followed by the dinner at 7 p.m. Tickets are available through the Hospice office 237-0340. Net proceeds from the dinner will be used to help sustain the work of Hospice of St. Joseph County Inc. By MARTI GOQDLAD HELINE Tribune Staff Writer SOUTH BEND - Former federal fugitive William Charles McCarthy, charged as one of the ringleaders of a major marijuana ring, was sentenced Friday to 15 years in prison. U S. District Judge Robert L. Miller Jr. imposed the sentence after McCarthys five guilty pleas in September. McCarthy, 37, formerly of South Bend and Niles, originally was indicted in November 1986 along with Thomas Paul Hickey. They were charged under drug-kingpin statutes as leaders of a marijuana conspiracy run in Niles from 1979 to 1986 that distributed more than $100,000 pounds of the drug valued at $100 million. More than 25 people have been convicted of participating in the ring. McCarthy was sentenced for possession more than 15,000 pounds of marijuana in the spring of 1984 and more than 17,000 pounds in the spring of 1985. Miller imposed a five-year term on a racketeering charge that accused McCarthy and Hickey, 35, originally of Mishawaka, of giving $900,000 to four men in Southfield, Mich., in August 1984 to purchase 13,000 pounds of marijuana. McCarthy received three-year sentences on charges of filing false income tax returns for 1982 and 1983. Miller ordered all the sentences to run at the same time. McCarthy could have received a sentence of up to 41 years on the charges and fines up to $700,000. As part of his plea agreement, McCarthy agreed to forfeit to federal authorities $320,000 of cash and property rep resenting proceeds from his drug trafficking. He also must serve three years on supervised release when he gets out of prison, probably after serving about five years. McCarthy originally faced 38 charges with a maximum sentence of life plus 274 years and fines up to $2.4 million. McCarthy and Hickey ran the drug operation from a pole bam built for Aardvark Construction Co. on U.S. 12 east of Niles. There, they unloaded semi-truck loads of marijuana delivered from Florida for distribution in the Michiana area. A fugitive for nearly five years, McCarthy was arrested Jan. 22, 1991, in Oak Bay outside Victoria, British Columbia. He was living there with his wife and 6-year-old daughter under assumed names. The arrest came shortly after he and Hickey were featured on the TV show Unsolved Mysteries. Now serving a 20-year prison term on his charges, Hickey was arrested at his home near Seattle three days after the show aired. He is believed to have helped authorities locate McCarthy, whom he had been assisting in avoiding authorities. During his years on the run, McCarthy traveled extensively, living in at least eight places, from Florida to Australia to Hong Kong to Canada. He lived on drug trafficking proceeds hidden in foreign accounts. McCarthy came back to the United States last August after agreeing to waive extradition proceedings. He has been in custody since then. Meet Saturday, April 25 from 2:30 P.M. to 4:00 P.M. READERS WORLD The Book Store LOWER LEVEL - SCOTTSDALE MALL COME FOR FUN AND PRIZESI J CO wimm mmn dmdx mje? This time is here to replenish your dress shirt wardrobe. SAVE 20 on a purchase of 3 or more mens dress shirts from our regular stock. All include single-needle tailoring, box pleats, and button-sleeve plackets in a variety of collar styles and colors. Stop in today for the best selection. Redwood & Ross, University Park Mall Sale ends May 2nd. Cant make it to Redwood & Ross?... Call us at (219)272-0470 Monday thru Sat. 10 a.m.-9p.m., Sunday 12 p.m. to 5 p.m. and well ship the shirts directly to you at no extra charge! I JL fc.

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