Sorry to say, theres nothing on the market that is similar to your Madden of 1978. To which I can only say: Saints be praised! Are you kidding me?? In that era (alas, the Gear Guy dates himselfbut with age comes much wisdom) I had an expensive (for that time) Ventile cotton parka from REI. It was waterproof in the same way a sponge is waterproofit could absorb only so much. Once the outer surface was soaked, it would shed water.
The Exposure II Jacket
Today there are SO MANY good choices. I suppose if I were to conjure a classic" type of shell, Id go with Patagonias Mens Storm Light ($200). Its an all-around jacket for mild and damp conditions. Very clean, very functional, waterproof/breathable, all that good stuff. And its cut to fit over layers.
Mountain Hardwears Exposure II ($200) also is an old-timey-style jacket, with the bonus of a removable powder skirt for snowy conditions. Its made from their Conduit fabric, which is a good-quality proprietary waterproof/breathable material.
My advice: Break with the past. Chart new territory. Be bold. Get REIs Shuksan Jacket ($289). A classic all-mountain design coupled with super-new eVent fabric, which is extremely breathable, waterproof, and wind-resistant. And at a great price. This is a great buy on a great piece.
Write to me again in 30 years, Mike, well see whats a crack-a-lackin then.