Thanks for the advice. It is a drive side brazed-on eyelet. I would have 
simply used a through-bolt and locking nut, except that there is so little 
clearance between the chain and the eyelet. Had not thought of the obvious 
solution of reversing the head of a button bolt, and will give that a shot 
first ... I don't completely understand what I'm getting into with the 
helicoil insert, but will investigate. Am perilously close to investing in 
a good tap and dye set, I fear. 

On Tuesday, December 23, 2014 10:28:28 PM UTC-6, Mobile Bill wrote:
>
> Hope y'all are getting some time off for riding. In the 70s here, but 
> raining cats and dogs for two days, so working on my bikes and looking for 
> the most practical, creative and immediate solution to a stripped braze-on 
> on my Betty, unfortunately the BO to which the rear rack attaches. Don't 
> know how it happened. Just noticed the rack was loose, and that I could 
> tighten. The 5 mm screw was a little bunged, as well. Tried another screw 
> and it gripped a little deeper, but eventually started spinning as well.
>

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