Article on effect of wind on office bldgs and people

Circumnavigating Long Island In a 12‐ Foot Sailboat

&#8220;I christen thee Courageous!&#8221;

Courageous America's Cup Contender, Is Launched

Article on NCNB Corp, largest banking concern in Southeast and parent of 14-yr-old North Carolina Natl Bank; notes corp controls $4.25-billion in assets, has had consistent rate of earnings growth and its shares carry highest price-earnings multiple of any bank in country; says Charlotte, NC, location is focal point and banking center for country's most important textile region and center for other light mfg and trucking; recalls its creation in 1960 for express purpose of challenging the then-dominant Wachovia Bank & Trust, and its success in doing so; notes its 'aggressive and youthful' mgt consists of chmn Thomas I Storrs, bank chmn Luther H Hodges Jr, bank pres Hugh L McColl Jr and corp pres William H Dougherty Jr; their emphasis on yr-round profit planning discussed; chart of corp earnings in '73 and '74; illus (L)

NCNB the Southeast's Bank Giant

NYC City Council is holding in abeyance schedule of com meetings for coming wk because of uncertainty over need to pass home-rule messages required by NYS Legis concerning city's fiscal '75 expense budget (S)

The Next Freshman Class: Shifting Pattern

Irish police on May 4 recover 19 paintings stolen from Sir Alfred Beit; works are found in vacation cottage outside Glandore; Dr Bridget Rose Dugdale, woman occupying cottage when police searched it, is detained for questioning; map of area

STOLEN ART FOUND IN IRISH COTTEGE

Gallup poll repts Pres Nixon's Apr 29 televised appeal on Watergate left 42% of people who watched it or read about it with less favorable opinion of Nixon and only 17% with more favorable opinion; finds those people interviewed believe, by 44% to 41% margin, that there is now enough evidence against Nixon for HR to vote impeachment; voters, dividing 49-38, conclude that they do not believe Nixon's actions are serious enough to warrant his removal from office; poll shows 62% of people think HR Judiciary Com has been right in refusing to accept transcripts; other data (M)

42% in Gallup Poll Respond Negatively To Nixon TV Plea

UNIONDALE, L. 1., May 4 Billy Melchionni's long wait and mental anguish ended tonight.

Nets Beat Stars, 118‐94; Lead 2‐0, in Title Series’

effect of skyrocketing interest rates discussed; Mar-Apr '74 rise in rates attributed to massive demand by business for loans, inflation, and Fed Reserve Bd's resolution to bring inflation under control through diminished credit expansion; existence of that heavy loan demand even before end of oil embargo as businessmen concluded that severe business slump was unlikely to occur, noted; most economists agree that high interest rates are a reflection of, but not a significant cause of, inflation; 'guardedly optimistic' opinions of some economists that high interest rates will deter borrowers and fear of some that high rates might cause vital cos to go bankrupt cited; Frederick L Frey (Fed Reserve Bank of NY) advises banks to be particularly careful in making loans to cos heavily dependent on energy, to real estate investment trusts and to other banks; pall over commercial paper mkt cast by failure of Penn Central RR in '70 recalled; cartoon (L)

The Worrisome Rate Spiral

Victor S Navasky article on Chateau Marmont in West Hollywood, Calif, vacation hotel patronized by celebrities such as Tony Randall, Carol Lynley, Maximillian Schell and Meredith Wilson; illus (L)

It's Shabby‐Genteel But the Steirs Lope. 11

By GORDON S. WHITE Jr. Tug McGraw may be well again.

Rally in 7th on Homers ByStaab and Milner—MCGrow Effective

NYS Gov Wilson and Repub legis leadership agree to salary package that includes raises of up to $10,000 for judges; pay of Sup Ct justices will increase to $48,000 a yr; raises seen justified by fact that in some upstate areas, Family, Surrogate and County judges are paid only $26,100 per yr (S)

Governor Backs $15,000 Raises For Three Top State Officials

French newspaper France-Soir final public opinion poll published on eve of French Pres election gives strong lead to Francois Mitterrand; shows Mitterrand with 45% of vote, Valery Giscard d'Estaing with 30% and Jacques Chaban-Delmas with 15%; French analysts calculate that if Mitterrand receives more than 45% of vote he is likely to win runoff, and that Giscard d'Estaing is likely to win if Mitterrand receives less than projected 45%; poll shows that 86% of 30-million people in electorate intend to vote; Mitterrand's and Giscard d'Estaing's pol ideologies discussed; illus of Chaban-Delmas and Mitterrand radio debate, Paris (L)

Mitterrand Given Lead in French Voting Today, but Runoff Is Likely

Mitchell-Stans jury deliberations described; 'juror profile' consultant Marty Herbst advice for defense outlined; juror who did not fit profile, Andrew Choa, is believed to have greatly influenced final decision of jury; Choa illus (L)

How Mitchell‐Stans Jury Reached Acquittal Verdict

NYS banking officials have been attempting to gain liberalized regulations on co-op apt loans; bill to enact reform of co-op loans has been introduced in State Legis and is backed by NYS Banking Supt Harry W Albright Jr; bankers who have large co-op loan portfolios seem to agree that co-op resident is good credit risk; example given of co-op developer Peter Sharp, who has agreed to take $10-million, self-liquidating mortgage with 50-yr term on co-op he is bldg on East Side; interest will be 7 7/8%; Sharp says arrangement offers co-op purchaser assurance that for 50 yrs he will not face need to refinance and interest rate on mortgage will not rise in meantime; drawing

Easier Terms on Loans For Co‐ops Pressed

Allin Le.ads

NY Times survey of rent increases in NYC since enactment of July '71 vacancy decontrol law; shows decontrolled rents in formerly rent-controlled apts averaged 16% higher than maximum base rents for comparable apts and destabilized rents averaged 23% above stabilized rents for comparable apts; Manhattan showd highest percentage increase for formerly rent-controlled apts; study by Community Housing Improvement Progam shows higher increases in Bklyn and Queens (18.6% and 17.2% above maximum base rent) than in Bronx and Manhattan (10% and 9.2% above maximum base rent); HDA study shows modest increases in Bklyn, Queens and manhattan (0%, 5.7% and 7.5%) while Bronx increases were 22.2% over maximum base rents; NY Times survey based on information collected from properties managed by A J Clarke, Nehring Brothers, Sulzberger-Rolfe and Trump Orgn

Varying Patterns In Rent Increases In Survey

rev of release by White House of edited Watergate tapes notes transcripts are evidence of almost unrelieved amorality and document following sequence; from businesslike methods to limit criminal liablity for Watergate to handful already caught, then to growing concern over those in White House, then to further conspiracies to assuage that concern, and, finally, to falling out between Nixon and John W Dean 3d; notes transcripts are less than complete record but they do refute explanation Nixon has offered US during last yr; of his own ignorance of Watergate cover-up before Mar 21, serious 'natl security' problems that required him to bar certain avs of investigation, his need to maintain sanctity of Pres office, and to retain for future Pres access to advisers who would speak uninhibitedly on matters of important natl policy, Pres preoccupations that prevented him from detailed involvement in his '72 re-election campaign; other secondary aspects to explanation noted; what Nixon knew about cover-up before Mar 21 '73 discussed with respect to transcripts; Nixon's avowed determination to 'get to the bottom' of scandal discussed; Nixon illus with transcripts superimposed on face (L)

Too Little?

Article on troubled Pres as portrayed by edited transcripts of White House Watergate-related conversations says transcripts seem to bear out deep-seated cynisicm, feeling of being under siege, preoccupation of imagery over substance and fear and hatred of news media and Eastern Establisment that Nixon's bitterest critics have long attributed to him; says documents seem to depict Nixon as much less decisive and commander-like than he has generally been thought to be; says because transcripts are concerned with Watergate discussions, they are out of context and may not give complete portrayal of Nixon; describes characteristics of Pres Nixon and his closest associates as gleaned from transcripts (L)

Transcripts Portray Troubled President

Cannonade wins Ky Derby on May 4 at Churchill Downs; chart of race; illus (L)

Cannonade Captures 100th Kentucky Derby Before 163,628 Fans

HOLLYWOOD &#8212; There's a new show business celebrity around town, He's a 31&#8208;yearold businessman named David Geffen, regularly seen these days escorting Cher Bono (of the recent team of Sonny & Cher). &#8216;

The $2‐Billion Battle for Big Record Stars

Book Executive Privilege. A Constitutional Myth by Raoul Berger revd by Garry Wills

Secret boundaries between branches of government

Article on Pound Ridge, NY; town has successfully resisted development and current population is about 4,000, compared with 2,500 in 1850; one-third of town land is parklands or sanctuaries and permanently protected; high cost of remaining land assures limited residential growth; most bldg lots must be 2 or 3 acres and cost $25,000 to $50,000 each; price of new homes starts at $85,000 with average price of over $100,000; residents are still concerned that large-lot zoning will not be sufficient protection against future development and are wary of legal assaults against such zoning; illus

A 'Paradise’ Seeks Solf‐Protection.

May 5: Sec Kissinger arrives in Israel on May 4 to begin 2d round of his Middle East shuttle diplomacy with expectations that Syria and Israel will soon curb their mil activity on Golan hts to facilitate his efforts to conclude troop separation agreement; meets with Premier Meir and other ranking Israeli officials to rept on his discussions with Syrian Pres Assad; is expected to urge Israelis again to take steps to moderate their negotiating position; US official says he is 'very confident' that US will eventually bring about disengagement agreement but says it is only possibility that this would occur in next wk or so, time allotted by Kissinger for this trip; says Kissinger made progress in urging mil restraint on Assad during their talks on May 3; says there will not be new formal cease-fire; says there is no problem in getting Israel's assent to curbing its forces in Golan hts and Mt Hermon area; Israeli Cabinet will meet on May 5 to discuss Kissinger's efforts and to prepare response; earlier in day, Kissinger flew from Damascus to Alexandria, Egypt, to brief Egyptian Pres Sadat on results of his 1st round of talks with Syria and Israel; Kissinger and Sadat meet for 5 hrs and issue no statement afterward; Kissinger's party announces that Kissinger aide Harold H Saunders has flown to Saudi Arabia from Egypt to brief Saudi King Faisal on latest round of talks; Algerian Pres Houari Boumediene sent personal repr to Damascus on May 3 with message presumably endorsing Kissinger's efforts; illus of Kissinger being embraced by Sadat (M)

CURB ON FIGHTING ON GOLAN HEIGHTS SEEN BY KISSINGER

Cheers for ‘Claudine’

President Nixon has decided against any further reduction of First Lieut. William L. Caney Jr.'s 10&#8208;year sentence for the murder of Vietnatnese civilians at My Lai. Details on Page 13.

May 5, 1974

Headlines from May 5, 1974

Circumnavigating Long Island In a 12‐ Foot Sailboat

Courageous America's Cup Contender, Is Launched

NCNB the Southeast's Bank Giant

The Next Freshman Class: Shifting Pattern

STOLEN ART FOUND IN IRISH COTTEGE

Billboard 200

The Sting

Chicago VII

John Denver's Greatest Hits

Buddha And The Chocolate Box

Shinin' On

Historical Context for May 5, 1974