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World-wide sales of Trident gum , Certs breath mints , and Clorets gum and breath mints , increased 12 % to $ 277 million .
Warner-Lambert shares closed at $ 109.50 a share , up $ 1.50 , in Big Board composite trading yesterday .
Eli Lilly & Co .
Lilly attributed record third-quarter and nine-month results to world-wide gains for pharmaceuticals , medical instruments and plant-science products despite poor exchange rates for the dollar that slowed sales abroad .
Earnings continued to pace sales because of a lower tax rate , profit from the renegotiation of the debt instrument received from Faberge Inc. in connection with Lilly 's sale of Elizabeth Arden Inc. in 1987 , and net proceeds from the settlement of ...
Third-quarter sales of the Indianapolis , Ind. , company rose 11 % to $ 1.045 billion from $ 940.6 million .
Nine-month sales grew 12 % to $ 3.39 billion from $ 3.03 billion a year earlier .
Sales of Prozac , an anti-depressant , led drug-sales increases .
Higher sales of pesticides and other plant-science products more than offset a slight decline in the sales of animal-health products to fuel the increase in world-wide agricultural product sales , Lilly said .
Advanced Cardiovascular Systems Inc. and Cardiac Pacemakers Inc. units led growth in the medical-instrument systems division .
Lilly shares closed yesterday in composite trading on the Big Board at $ 62.25 , down 12.5 cents .
Reuben Mark , chairman of Colgate-Palmolive Co. , said he is `` comfortable '' with analysts ' estimates that third-quarter earnings rose to between 95 cents and $ 1.05 a share .
That compares with per-share earnings from continuing operations of 69 cents the year earlier ; including discontinued operations , per-share was 88 cents a year ago .
The per-share estimates mean the consumer-products company 's net income , increased to between $ 69.5 million and $ 76 million , from $ 47.1 million the year-before period .
Analysts estimate Colgate 's world-wide third-quarter sales rose about 8 % to $ 1.29 billion .
Mr. Mark attributed the earnings growth to strong sales in Latin America , Asia and Europe .
Results were also bolstered by `` a very meaningful '' increase in operating profit by Colgate 's U.S. business , Mr. Mark said .
Operating profit at Colgate 's U.S. household products and personal-care businesses jumped 25 % in the quarter , Mr. Mark added .
He said the improvement was a result of cost savings achieved by consolidating manufacturing operations , blending two sales organizations and focusing more carefully the company 's promotional activities .
The estimated improvement in Colgate 's U.S. operations took some analysts by surprise .
Colgate 's household products business , which includes such brands as Fab laundry detergent and Ajax cleanser , has been a weak performer .
Analysts estimate Colgate 's sales of household products in the U.S. were flat for the quarter , and they estimated operating margins at only 1 % to 3 % .
`` If you could say their business in the U.S. was mediocre , but great everywhere else , that would be fine , '' says Bonita Austin , an analyst with Wertheim Schroder & Co .
`` But it 's not mediocre , it 's a real problem . ''
Mr. Mark conceded that Colgate 's domestic business , apart from its highly profitable Hill 's Pet Products unit , has lagged .
`` We 've done a lot to improve { U.S. . } results , and a lot more will be done , '' Mr. Mark said .
`` Improving profitability of U.S. operations is an extremely high priority in the company . ''
To focus on its global consumer-products business , Colgate sold its Kendall health-care business in 1988 .
H. Anthony Ittleson was elected a director of this company , which primarily has interests in radio and television stations , increasing the number of seats to five .
Osborn also operates Muzak franchises , entertainment properties and small cable-television systems .
Mr. Ittleson is executive , special projects , at CIT Group Holdings Inc. , which is controlled by Manufacturers Hanover Corp .
The Boston Globe says its newly redesigned pages have a `` crisper '' look with revamped fixtures aimed at making the paper `` more consistent '' and `` easier to read . ''
Maybe so -- if you can find where your favorite writer went .
Beantown scribes , who spare no invective when taking on local luminaries such as Michael `` Pee Wee '' Dukakis , or New England Patriots Coach Raymond `` Rev. Ray '' Berry , yesterday poured ridicule on new drawings of Globe columnists that replaced...
By late last night , Globe Managing Editor Thomas Mulvoy , bending to the will of his troops , scrapped the new drawings .
For a few days at least , he says , no pictures or drawings of any kind will adorn the columns .
Trouble was , nobody thought they looked right .
Globe columnist Mike Barnicle -- in the second attack on his employer in as many weeks -- averred that his shadowy countenance was so bad , it looked `` like a face you 'd find on a bottle of miracle elixir that promises to do away with diarrhea in o...
Mr. Barnicle reminded readers that he still has n't forgiven Globe management for questioning a $ 20 expense chit he submitted for parking his car while chasing a story .
`` I thought { the drawing } a cross between someone you 'd spot whipping open his trench coat ... or a guy who boasted he 'd been Charles Manson 's roommate for the last 19 years , '' he said .
Mr. Barnicle was hardly kinder to the renderings of colleagues Michael Madden ( `` appears to be a pervert '' ) , Will McDonough ( `` looks as if he drove for Abe Lincoln '' ) or Bella English , whose `` little girl now screams hysterically every tim...
Lynn Staley , the Globe 's assistant managing editor for design , acknowledges that the visages were `` on the low end of the likeness spectrum . ''
Rival Boston Herald columnist Howie Carr , who usually rails at Statehouse `` hacks '' and nepotism , argued that the new drawings were designed to hide Mr. Madden 's `` rapidly growing forehead '' and the facial defects of `` chinless '' Dan Shaughn...
`` But think of the money you , the reader , will save on Halloween , '' said Mr. Barnicle .
`` Instead of buying masks for your kids , just cut out the columnists ' pictures ... .
Deeply ingrained in both the book review `` Kissing Nature Good-bye '' by Stephen MacDonald ( Leisure & Arts , Sept. 27 ) and the books reviewed is the assumption that global warming is entirely a result of human activity .
Is such a view justified ?
In the absence of humans , would the Earth enjoy a constant climate over the long term ?
Clearly not .
About 20,000 years ago the last ice age ended .
Enormous ice sheets retreated from the face of North America , northern Europe and Asia .
This global warming must have been entirely natural -- nobody would blame it on a few hundred thousand hunter-gatherers hunting mammoths and scratching around in caves .
Furthermore , no bell has yet rung to announce the end of this immense episode of natural global warming .
It is probably continuing and may well account for most of , or all of , present-day global warming .
I bow to no one in my regard for our terrestrial heritage , but if we are serious about global warming we must look at the big picture and not allow the Dominant Culture to lock us into the capitalist-exploiters-greedy-American-consumers-global - war...
Jocelyn Tomkin Astronomy Department University of
The Internal Revenue Service plans to restructure itself more like a private corporation .
In addition , the tax-collecting agency says that it will take the unusual step of looking to the private sector to fill two new high-level positions to guide the 120,000-employee agency : a comptroller to oversee daily finances and a chief informati...
The IRS also said that it would create the position of chief financial officer , who will be hired from within the agency .
IRS Commissioner Fred T. Goldberg said the changes are intended to bring `` accountability '' to the agency , which has an annual budget of more than $ 5 billion and collects about $ 1 trillion a year .
`` My assessment and everyone 's assessment is that we do not have the kinds of information that let us responsibly and effectively formulate and execute our budget , '' Mr. Goldberg said .
`` And we do n't have internal controls and discipline that we need to have to spend $ 5 billion properly . ''
Mr. Goldberg , who took over as head of the IRS in July , has been disturbed by what he considers the inefficiency , waste and lack of coordination among the branches of the vast federal agency .
The IRS operates on a computer system designed in 1961 , which it has been trying to modernize for years .
And the agency , which operated throughout fiscal 1989 with a $ 360 million budget shortfall , has been under a hiring freeze since last fall .
The new commissioner says that closer scrutiny of how the agency uses its resources will go a long way toward enhancing its ability to collect more tax revenue .
`` I think that you will see a significant improvement in the budget formulation and execution process which , in turn , I believe will result in a significant increase in revenue , '' he said .
The IRS hopes to fill the new positions soon .
Customarily , it would appoint career civil servants from within the agency , but Mr. Goldberg said he plans to `` scour the world '' for the chief information officer and the comptroller .
Although the jobs will probably pay between $ 70,000 and $ 80,000 a year , IRS officials are confident that they can attract top-notch candidates from the private sector .
`` You 're telling someone they can spend the next three or four or five or six years of their life bringing about the most difficult and costly modernization of an information system on the civil side ever , '' Mr. Goldberg said .
`` On the comptroller side , you 're developing and making work financial controls governing a $ 6 billion budget .
When Maj. Moises Giroldi , the leader of the abortive coup in Panama , was buried , his body bore several gunshot wounds , a cracked skull and broken legs and ribs .
They were the signature of his adversary , Panamanian leader Manuel Antonio Noriega .
The rebel officer 's slow and painful death , at the headquarters of Panama 's Battalion-2000 squad , was personally supervised by Gen. Noriega , says a U.S. official with access to intelligence reports .
Leaping into rages , sinking into bouts of drunkenness and mistrust , Mr. Noriega has put to death some 70 of his troops involved in the coup , according to U.S. officials monitoring crematoriums and funeral parlors in Panama City .
He is now changing the place he sleeps every night , sometimes more than once a night .
His meals are most often prepared by women he trusts -- his full-time mistress , Vicky Amado , and her mother , Norma .
And he is collecting the names of those who telephoned the coup-makers to congratulate them during their brief time in control of his headquarters .
More enemies to be dealt with .
In the two weeks since the rebellion , which the U.S. hesitantly backed , Mr. Noriega has been at his most brutal - and efficient - in maintaining power .
Yet , while the failed coup is a major U.S. foreign policy embarrassment , it is merely the latest chapter in a byzantine relationship between Mr. Noriega and Washington that stretches back three decades .
America 's war on the dictator over the past two years , following his indictment on drug charges in February 1988 , is the legacy of that relationship .
Before American foreign policy set out to destroy Noriega , it helped create him out of the crucible of Panama 's long history of conspirators and pirates .
For most of the past 30 years , the marriage was one of convenience .
In 1960 , for example , when Mr. Noriega was both a cadet at an elite military academy in Peru and a spy-in-training for the U.S. Defense Intelligence Agency , he was detained by Lima authorities for allegedly raping and savagely beating a prostitute...
The woman had nearly died .
But U.S. intelligence , rather than rein in or cut loose its new spy , merely filed the report away .
Mr. Noriega 's tips on emerging leftists at his school were deemed more important to U.S. interests .
From that point on , the U.S. would make a practice of overlooking the Panamanian 's misadventures .
The U.S. has befriended and later turned against many dictators , but none quite so resourceful .
The 55-year-old Mr. Noriega is n't as smooth as the shah of Iran , as well-born as Nicaragua 's Anastasio Somoza , as imperial as Ferdinand Marcos of the Philippines or as bloody as Haiti 's Baby Doc Duvalier .
Yet he has proved more resilient than any of them .
And out of necessity : The U.S. can make mistakes and still hope to remove him from power , but a single error on his part could cost him his life .
`` The U.S. underestimated Noriega all along , '' says Ambler Moss , a former Ambassador to Panama .
`` He has mastered the art of survival . ''
In keeping with America 's long history of propping up Mr. Noriega , recent U.S. actions have extended rather than shortened his survival .
Mr. Noriega might have fallen of his own weight in 1988 because of Panama 's dire economic situation , says Mr. Moss , but increasing external pressure has only given him additional excuses for repression , and a scapegoat for his own mismanagement .
`` If the U.S. had sat back and done nothing , he might not have made it through 1988 , '' Mr. Moss contends .
Perhaps most important , Mr. Noriega 's allies have intervened to encourage -- in some cases , to demand -- that the dictator maintain his grip of the throne .
One Colombian drug boss , upon hearing in 1987 that Gen. Noriega was negotiating with the U.S. to abandon his command for a comfortable exile , sent him a hand-sized mahogany coffin engraved with his name .
`` He is cornered , '' says the Rev. Fernando Guardia , who has led Catholic Church opposition against Noriega .
`` The Americans have left him without a way out .
It is easy to fight when you do n't have any other option . ''
His chief advantage in the fight : his intimate knowledge of American ways and weaknesses .
Mr. Noriega often tells friends that patience is the best weapon against the gringos , who have a short attention span and little stomach for lasting confrontation .
The U.S. discovered the young Tony Noriega in late 1959 , when he was in his second year at the Chorrillos Military Academy in Lima , according to former U.S. intelligence officials .
The contact occurred through Mr. Noriega 's half-brother , a Panamanian diplomat based in Peru named Luis Carlos Noriega Hurtado .
Luis Carlos , knowing that helping the Americans could advance the career of any Panamanian officer , relayed Tony 's reports on the leftist tendencies he observed among his fellow students and , more important , among his officers and instructors .
A spy was born .
It was a heady experience for the pockmarked and slightly built Mr. Noriega , who was known to his friends as Cara la Pina -- pineapple face .
Born the illegitimate son of his father 's maid , he was raised on the mean streets of the central market district of Panama City .
Tony was four years older than most of his fellow cadets , and gained admission to the academy because his brother had falsified his birth certificate .
He considered himself intellectually superior to his Peruvian peers , many of whom were wayward sons sent by their well-off families to the highly disciplined , French-modeled academy as a sort of reform school .
In his peaked military cap and neatly pressed , French-made uniform , Noriega felt more respected and powerful than ever in his underprivileged life , friends from the period say .
`` He had an elegant uniform with gold buttons in a country where there was a cult of militarism , where officers were the elite with special privileges , '' recalls Darien Ayala , a fellow student in Peru and a lifelong friend .
Mr. Noriega 's relationship to American intelligence agencies became contractual in either 1966 or 1967 , intelligence officials say .
His commanding officer at the Chiriqui Province garrison , Major Omar Torrijos , gave him an intriguing assignment : Mr. Noriega would organize the province 's first intelligence service .
The spy network would serve two clients : the Panamanian government , by monitoring political opponents in the region , and the U.S. , by tracking the growing Communist influence in the unions organized at United Fruit Co. 's banana plantations in Bo...
United Fruit was one of the two largest contributors to Panama 's national income .
Satisfying its interests was a priority for any Panamanian leader .
Mr. Noriega 's initial retainer was only $ 50 to $ 100 a month , plus occasional gifts of liquor or groceries from the American PX , a former intelligence official says .
It was modest pay by American standards , but a healthy boost to his small military salary , which fellow officers remember as having been $ 300 to $ 400 monthly .
`` He did it very well , '' recalls Boris Martinez , a former Panamanian colonel who managed Mr. Noriega and his operation .
`` He started building the files that helped him gain power . ''
A National Guard job assumed by Capt. Noriega in 1964 -- as chief of the transit police in David City , capital of the Chiriqui Province -- was tailor-made for an aspiring super-spy .
By pressuring taxi and bus drivers who needed licenses , he gained a ready cache of information .

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The offer , which did n't include the Merksamer chain , is being reviewed by Mr. Sigoloff .
Robert J. Regal was named president and chief executive officer of this company 's Universal-Rundle Corp. unit .
Mr. Regal had been president and chief executive of RBS Industries Inc .
Robert H. Carlson , previous president and chief executive of Universal-Rundle , will assume the title of chairman of the unit , a vitreous-china maker .
The days may be numbered for animated shows featuring Alf , the Karate Kid and the Chipmunks .
NBC , a leader in morning , prime-time and late night programs but an also-ran on Saturday mornings , when children rule the TV set , is contemplating getting out of the cartoon business .
Instead , network officials say , it may `` counterprogram '' with shows for an audience that is virtually ignored in that time period : adults .
`` There is talk of some revamping and we 're certainly heading in the direction of less and less animation , '' said Joseph S. Cicero , vice president of finance and administration for National Broadcasting Co. , a unit of General Electric Co .
Mr. Cicero said that NBC Entertainment president Brandon Tartikoff , who declined to be interviewed , is `` looking at options now and may put some things into the schedule by mid-season . ''
He declined to elaborate .
NBC 's options could range from news-oriented programming to sports shows , although the network declined to comment .
One major NBC affiliate , KCRA in Sacramento , plans to cancel the NBC Saturday morning line-up as of January and replace it with a local newscast .
The one-hour program will be repeated with updates throughout Saturday mornings .
`` We feel there is an opportunity for an audience that is not being served by any network , so we want to take the lead , '' says KCRA 's general manager , John Kueneke .
`` We do n't need cartoons anymore .
They only accounted for 5 % , at best , of the station 's total revenues . ''
An NBC spokesman says the network will `` closely monitor '' the Sacramento situation , and says it is the only station to defect .
Spokesmen for the television networks of CBS Inc. and Capital Cities\/ABC Inc. , say there are no plans to alter the children 's line-up on Saturday mornings .
The youthful audience for Saturday programming is no longer dependent on the networks .
There has been a surge in syndicated children 's shows to independent stations , as well as competition from videocassettes for kids and from cable outlets such as Nickelodeon and the Disney Channel .
At the same time , there appears to be a market for news-oriented programming ; Turner Broadcasting System Inc. 's Cable News Network has its highest ratings , outside of prime time , on Saturday mornings .
NBC has on previous occasions considered replacing cartoons with a Saturday version of `` Today , '' which is produced by NBC News .
The network 's own production company , NBC Productions , supplies a half-hour family-oriented show titled `` Saved By The Bell . ''
NBC Productions or NBC News could supply the network with other Saturday morning shows , a move that would control costs .
Animated shows , which are made by outside production companies , cost the network about $ 300,000 per episode .
Rohm & Haas Co. said third-quarter net income skidded 35 % to $ 32.6 million , or 49 cents a share .
In the year-earlier quarter , the chemicals company had net of $ 49.8 million , or 75 cents a share .
Sales were $ 623 million , up 0.5 % from $ 619.8 million a year ago .
Rohm & Haas , which plans to start operating seven new production units this year , attributed the profit slide partly to higher start-up expense .
The company also cited the stronger dollar , which cuts the value of overseas profit when it is translated into dollars .
In addition , the company said , it was hurt by higher than previous-year costs for raw materials , though those costs have declined since the second quarter .
Incrementally higher production of those chemicals which remain in heavy demand also has forced up costs , such as overtime pay .
For the nine months , Rohm & Haas net totaled $ 155 million , or $ 2.33 a share , down 17 % from $ 187.8 million , or $ 2.82 a share , a year ago .
Sales rose 5.2 % to $ 2.04 billion from $ 1.94 billion the previous year .
In New York Stock Exchange composite trading , Rohm & Haas closed at $ 33 a share , down $ 1.75 .
Michael A. Gaskin , 55 years old , was named president and chief executive officer of this manufacturer of industrial robots , succeeding Walter K. Weisel .
Mr. Weisel , 49 , resigned as president and chief executive and will work on special projects , said John J. Wallace , chairman .
Mr. Gaskin formerly was president and chief executive of Taylor & Gaskin Inc. and was a director of Prab Robots since 1985 .
Stephen N. Wertheimer was named managing director and group head of investment banking in Asia , based in Tokyo .
Mr. Wertheimer , 38 years old , had been a first vice president in the industrial group in investment banking .
He succeeds Everett Meyers , who resigned in May .
This is written to correct a misquotation in your Oct. 3 article `` Deaths From Advanced Colon Cancer Can Be Reduced by Using Two Drugs . ''
In this article , I was alleged to have said , `` Any patient with high-risk colon cancer is really getting short shrift if he 's not getting this therapy . ''
I did n't say this , and I 'm totally opposed to the philosophy expressed by the quote .
I have not offered and will not offer routine therapy with the two drugs , levamisole and 5-fluorouracil , to any of my colon-cancer patients .
With this treatment we have reduced deaths in high-risk colon cancer by one-third -- but this leaves the two-thirds who are dying of cancer .
This is not nearly good enough .
I believe any physician who truly cares about cancer patients , both today and tomorrow , should offer the hope of something better than that .
My statement , read verbatim from a printed text available to all reporters attending the National Cancer Institute news conference , was the following : `` New clinical trials are already in operation seeking to improve these results .
These research protocols offer to the patient not only the very best therapy which we have established today but also the hope of something still better .
I feel any patient with high-risk cancer is getting short shrift if he is not offered this opportunity . ''
We have very exciting prospects for far more impressive advances in the treatment of colon cancer during the years immediately ahead .
This hope , however , will never be realized if we use levamisole and 5-fluorouracil as a stopping point .
Charles G. Moertel M.D . Mayo Clinic Rochester , Minn .
The oil and auto industries , united in their dislike of President Bush 's proposal for cars that run on alternative fuels , announced a joint research program that could turn up a cleaner-burning gasoline .
Officials of the Big Three auto makers and 14 petroleum companies said they are setting out to find the most cost-effective fuel for reducing cities ' air-pollution problems , with no bias toward any fuel in particular .
However , their search notably wo n't include natural gas or pure methanol -- the two front-running alternative fuels -- in tests to be completed by next summer .
Instead , the tests will focus heavily on new blends of gasoline , which are still undeveloped but which the petroleum industry has been touting as a solution for automobile pollution that is choking urban areas .
Environmentalists criticized the program as merely a public-relations attempt to head off a White House proposal to require a million cars a year that run on cleaner-burning fuels by 1997 .
While major oil companies have been experimenting with cleaner-burning gasoline blends for years , only Atlantic Richfield Co. is now marketing a lower-emission gasoline for older cars currently running on leaded fuel .
The initial $ 11 million research program will conduct the most extensive testing to date of reformulated gasolines , said Joe Colucci , head of fuels and lubricants at General Motors Corp. research laboratories .
It will compare 21 different blends of gasolines with three mixtures of up to 85 % methanol .
A second phase of research , which is still being planned , will test reformulated gasolines on newer engine technologies now being developed for use in 1992 or 1993 cars .
There was no cost estimate for the second phase .
`` The whole idea here is the automobile and oil companies have joint customers , '' said Keith McHenry , a senior vice president of technology at Amoco Corp .
`` And we are looking for the most cost-effective way to clean up the air . ''
But David Hawkins , an environmental lawyer with the Natural Resources Defense Council , said the research appears merely to be a way to promote reformulated gasoline .
Oil and auto companies supported a move on Capitol Hill last week to gut Mr. Bush 's plans to require auto makers to begin selling alternative-fueled cars by 1995 .
Instead , a House subcommittee adopted a clean-fuels program that specifically mentions reformulated gasoline as an alternative .
The Bush administration has said it will try to resurrect its plan when the House Energy and Commerce Committee takes up a comprehensive clean-air bill .
William Seidman , chairman of the Federal Deposit Insurance Corp. , said Lincoln Savings & Loan Association should have been seized by the government in 1986 to contain losses that he estimated will cost taxpayers as much as $ 2 billion .
Mr. Seidman , who has been the nation 's top bank regulator , inherited the problems of Lincoln , based in Irvine , Calif. , after his regulatory role was expanded by the new savings-and-loan bailout law .
He made his comments before House Banking Committee hearings to investigate what appears to be the biggest thrift disaster in a scandal-ridden industry .
The inquiry also will cover the actions of Charles Keating Jr. , who is chairman of American Continental Corp. , Lincoln 's parent , and who contributed heavily to several U.S. senators .
Mr. Seidman told the committee that the Resolution Trust Corp. , the agency created to sell sick thrifts , has studied Lincoln 's examination reports by former regulators dating back to 1986 .
`` My staff indicated that had we made such findings in one of our own institutions , we would have sought an immediate cease-and-desist order to stop the hazardous operations , '' Mr. Seidman said .
When Lincoln was seized by the government , for example , 15 % of its loans , or $ 250 million , were to borrowers who were buying real estate from one of American Continental 's 50 other subsidiaries , according to Mr. Seidman .
But the government did n't step in until six months ago , when thrift officials put Lincoln into conservatorship -- the day after American Continental filed for Chapter 11 bankruptcy protection from creditors .
The bankruptcy filing , the government has charged in a $ 1.1 billion civil lawsuit , was part of a pattern to shift insured deposits to the parent company , which used the deposits as a cache for real-estate deals .
The deposits that have been transferred to other subsidiaries are now under the jurisdiction of the bankruptcy court .
`` I think it 's fairly clear { Mr. Keating } knew , '' that regulators were set to seize Lincoln , Mr. Seidman said .
Further investigation , he said , may result in further actions against Lincoln 's executives , said Mr. Seidman , `` including fraud actions . ''
Mr. Keating , for his part , has filed suit alleging that regulators unlawfully seized the thrift .
Leonard Bickwit , an attorney in Washington for Mr. Keating , declined to comment on the hearings , except to say , `` We will be responding comprehensively in several forums to each of these allegations at the appropriate time . ''
Lincoln 's treatment by former thrift regulators , in an agency disbanded by the new law , has proved embarrassing for five senators who received thousands of dollars in campaign contributions from Mr. Keating .
Mr. Seidman said yesterday , for example , that Sen. Dennis DeConcini ( D. , Ariz. ) , who received $ 48,100 in contributions from Mr. Keating , phoned Mr. Seidman to request that he push for a sale of Lincoln before it would be seized .
After the government lawsuit was filed against Lincoln , Sen. DeConcini returned the campaign contributions .
The senator 's spokesman said yesterday that he pushed for the sale of Lincoln because `` hundreds of Arizona jobs { at Lincoln } were on the line . ''
Senate Banking Committee Chairman Donald Riegle ( D. , Mich . ) has also returned contributions he received from Mr. Keating a year ago .
Sens. John Glenn ( D. , Ohio ) , John McCain , ( R. , Ariz. ) and Alan Cranston ( D. , Calif. ) also received substantial contributions from Mr. Keating and sought to intervene on behalf of Lincoln .
House Banking Committee Chairman Henry Gonzalez ( D. , Texas ) said Sen. Cranston volunteered to appear before the House committee , if necessary .
But a committee staff member said the panel is unlikely to pursue closely the role of the senators .
At the hearing , Mr. Seidman said the RTC has already pumped $ 729 million into Lincoln for liquidity .
He also held out little hope of restitution for purchasers of $ 225 million in American Continental subordinated debt .
Some of those debtholders have filed a suit , saying they believed they were buying government-insured certificates of deposit .
`` We have no plans at this time to pay off those notes , '' he said .
Eastern Airlines ' creditors committee , unhappy with the carrier 's plans for emerging from bankruptcy-law proceedings , asked its own experts to devise alternate approaches to a reorganization .
Representatives of the accounting firm of Ernst & Young and the securities firm of Goldman , Sachs & Co. , hired by creditors to consult on Eastern 's financial plans , told the committee in a private meeting yesterday that Eastern 's latest plan to ...
According to one person present at the meeting , Eastern 's new plan is financially `` overly optimistic . ''
Asked about the consultants ' reports , an Eastern spokeswoman said `` we totally disagree . ''
She said they have `` oversimplified and made some erroneous assumptions that make their analysis completely off-base . ''
At a later news conference here , Frank Lorenzo , chairman of Eastern 's parent Texas Air Corp. , said Eastern was exceeding its goals for getting back into operation and predicted it would emerge from Chapter 11 protection from creditors early next ...
He insisted , as he has before , that creditors would be paid in full under the plan .
Mr. Lorenzo made no mention of creditors ' negative response to his plan .
`` We 're in the process of discussing an amended plan with the creditors and anticipate filing that amended plan shortly , '' Mr. Lorenzo told reporters .
`` We 're meeting and surpassing our goals , '' he added .
In July , Eastern and its creditors agreed on a reorganization plan that called for Eastern to sell $ 1.8 billion in assets and to emerge from bankruptcy-law protection at two-thirds its former size .
But after selling off pieces such as its East Coast shuttle , its Philadelphia hub and various planes , Eastern hit a stumbling block .
It could n't sell its South American routes , one of the major assets marked for disposal .
Those routes , valued by the creditors ' professionals at about $ 400 million , were to be sold to AMR Corp. 's American Airlines .
A last-minute snag in negotiations with AMR , over an unrelated lawsuit between American and another Texas Air unit , caused the deal to collapse .
Eastern ultimately decided it would have to keep and operate the routes itself , which would leave it with less cash for its reorganization .
It also would leave Eastern a bigger carrier than the scaled-down one proposed under the initial plan .
Those changes in its condition meant the reorganization plan previously presented to creditors would have to be revamped .
Since then , Eastern has been negotiating with creditors over revisions , but the creditors committee has been having problems with the revisions .
The committee has two groups of experts it calls on to analyze Eastern 's plans .
Both said the new plan would n't work .
Ernst & Young said Eastern 's plans will miss its projections of earnings before interest , tax and depreciation by $ 100 million , and that Eastern 's plan presented no comfort level , according to a source present at yesterday 's session .
Experts from Goldman Sachs estimated Eastern would miss the same mark by $ 120 million to $ 135 million , the source said .
The experts said they expected Eastern would have to issue new debt to cover its costs , and that it would generate far less cash than anticipated .
Other costs also would increase , including maintenance , because Eastern has an older fleet .
At the news conference , Mr. Lorenzo and Eastern President Phil Bakes presented a far rosier assessment .
Flanked by flight attendants , pilots and gate agents dressed in spiffy new blue uniforms , they said Eastern has exceeded its operational goals and is filling its seats .
Starting next month , Eastern will begin flying 775 flights daily instead of the previously announced 700 , they said .
Mr. Bakes declined to give out Eastern 's daily losses , but said he did n't expect Eastern would have to dip into the cash from asset sales currently held in escrow .
These accounts hold several hundred million dollars , primarily from asset sales .
The plan Eastern hopes to pursue , he said , calls for Eastern to have $ 390 million in cash by year 's end .
Both he and Mr. Lorenzo predicted that plan might be confirmed in January .
As to negotiations with creditors , Mr. Lorenzo said in remarks after the conference `` we 'll have to see how they { talks } come along . ''