October 7, 1975

Diana Nyad, 25-yr-old marathon swimmer, successfully swims around Manhattan Island on Oct 6, on her 2d attempt in 11 days; completes 28-mi swim in 7 hrs and 57 minutes, breaking old unofficial record of 8 hrs and 56 minutes by 59 minutes; she comments; illus (L)

Terence Hallinan, Patricia Hearst's lead defense counsel since her arrest on Sept. 18, resigned yesterday, saying his services were no longer required. Page 22.

US Sup Ct to rev '73 landmark decision striking down anti-abortion laws as unconst; to hear appeals in 2 cases based on '74 Missouri abortion law, which sets requirements of consent by parent or spouse, prohibits commonly used abortion technique and prescribes strict standards for drs and penalties for violating standards (M)

Pres Ford, in TV s, proposes putting additional tax cuts of $11-billion into effect in '76, and making permanent $17-billion in antirecession tax cuts enacted this spring, provided Cong is willing to cut Fed spending by $28-billion in next fiscal yr; says proposal represents largest single tax cut in US history, and would benefit individuals and business; says he would not hesitate to veto any tax cut if Cong fails to put ceiling on spending; prior to making speech, Ford met with his econ advisers; White House press sec Ron Nessen says Ford also spoke with a few key members of Cong (L)

Justice Dept files lawsuit aimed at establishing principle that dir of major bank cannot also simultaneously be dir of major ins co without violating antitrust laws; challenges directorship arrangements of 3 of nation's largest banks and 4 of its largest ins cos; suits claim banks and ins cos are competitors, noting both make loans to finance construction and purchase of real estate and that life ins cos extend loans to policyholders; other Govt challenges to interlocking directorates recalled; latest suit seen as victory for Repr Wright Patman, deposed chmn of House Banking Com, who had study done in '67 showing that 48 of nation's largest banks had total of 342 interlocking directorates with ins cos; Patman lauds Justice Dept suit; banks, ins cos and individuals named in suit listed; cos issue statements claiming that section of Clayton Act dealing with interlocking directorates has never been applicable to banks (M)