I got the replacement for the 9301 from Smarty today! Thanks a lot, I owe you!
Unfortunately, my problem persists after I swapped the 9301@D2 for the new replacement. The output from pin 7 is still high which in turns pulls the output at pin 8 from the 7432@P3 high. The inputs to the 9301 (as well as the new replacement) at pins 1, 2, 14 and 15 all have clean pulses when I look at them with a scope. I'm confused. Could the clean-looking pulses coming into the 9301 be incorrect?
EDIT: Actually, the signals of the pins 1, 14 and 15 (the three that have signals coming from the 6401(?) decoder) of the 9301 all look very similar in when looked at in a scope. The signal on pin 2 (the one marked R/W) is the only one that differs. It looks to me that at least one of the three signals coming from the decoder needs to differ in order for pin 7 of the 9301 to ever go low. For pin 7 to go low, if I understood the datasheet of the 9301 correctly, the following needs to happen:
Input Pin1: Low
Input Pin2: High (the only one with a signal that seems to differ)
Input Pin14: Low
Input Pin15: High
As it looks right now, pins 1, 14 and 15 go low at the same time and high at the same time. Then again, my scope is from the seventies or something and the picture isn't the sharpest