Leasing News

Archives, December 1, 2000
Matsco Purchased by Greater Bay Bancorp

Greater Bay Bancorp Completes Acquisition of The Matsco Companies

PALO ALTO, Calif., / -- Greater Bay Bancorp (Nasdaq: GBBK), a $4.3 billion ($4.7 billion on a pro forma basis) in assets financial services holding company, announced today that it has completed the acquisition of The Matsco Companies Inc. Matsco, with approximately $200 million in assets and headquartered in Emeryville, California, specializes in financial services for the dental and veterinary markets.

Greater Bay Bancorp paid the Matsco shareholders $6.5 million in cash upon the closing and will pay up to an additional $6.0 million (on a present value basis) in an earn-out arrangement over a 5 year period. Greater Bay Bancorp anticipates the transaction to be 2% accredited to 2001 earnings, after goodwill amortization and excluding one-time nonrecurring transaction-related expenses. Greater Bay Bancorp has not included any anticipated revenue enhancements that may be realized from the acquisition. On a pro forma basis as if the acquisition had closed on September 30, 2000, the combined company would have had total assets of approximately $4.7 billion, which includes the recently completed mergers with Bank of Santa Clara and Bank of Petaluma.

David L. Kalkbrenner, President and Chief Executive Officer of Greater Bay Bancorp, commented, "We are very pleased to welcome Matsco to the Greater Bay Bancorp family. Matsco's experienced management team and dedicated employees bring to Greater Bay Bancorp a niche financial services business focused on the professional health care market with a proven track record. Matsco's equipment leasing and commercial finance capabilities provide Greater Bay Bancorp with the ability to expand our service offerings to current clients, as well as the opportunity to offer other credit and deposit services to Matsco's existing clients."

Matthew Shipman, President and Chief Executive Officer of Matsco who will continue to lead Matsco as part of Greater Bay Bancorp, said, "The Matsco team is very pleased to join the Greater Bay Bancorp family. We see significant cross-selling opportunities which we believe will benefit the entire combined company as well as our valued clients."

Matsco offers a complete range of finance products and services to meet the needs of dentists and veterinarians throughout their professional career. The Company is endorsed exclusively by the American Dental Association (ADA) and California Dental Association (CDA). The principal financial products offered by Matsco include practice start-up financing, practice expansion financing, practice acquisition financing, working capital and financing for retirement planning. These products are structured as either equipment leases or loans.

Joanie Dolsen Retires/Company Exits Broker Business

"I wanted you to be one of the first to know before rumors start flying. I am announcing this morning that I am retiring from this great business to spend more time with my family and friends.

“Our Bellevue office will be closing and we are consolidating all remaining leasing activities to our corporate office in Yakima where all of our other companies are located.

“I will continue to subscribe to Leasing News from my home computer so I can keep up with your news!

“Joanie"

Joanie Dolsen
Dolsen Leasing Company
425-454-4002-phone
425-451-2972-fax
joanie@dolsenleasing.com

Asked if her company would still be accepting third party transactions from independent leasing brokers, she responded:

"Sorry, Kit, we will not be doing any broker business. I will very much miss my people!

“Joanie"

The footnote to their "Story Credit" listing states, "Dolsen Leasing has served the 11 Western States since 1958 and specializes in B & C Credits for established and new companies. We require a full financial package and offer both leases and financing for new and used equipment in the range of $10,000.00 to $250,000.00.

“Specialties include titled vehicles for both existing and new owner operators. Story credits are considered as long as credit has been reestablished and trends are positive. Credit decisions are based on old fashioned common sense, not credit scores, allowing us a very quick turnaround-often the same day. We accept broker business and also have in house salesmen. Broker Qualify - Please call or visit www.dolsenleasing.com"

They were members of NAELB and NEFA.

Information, on the founder Bob Dolsen, who passed away January 2, 2005, and the company:
http://www.leasingnews.org/archives/January%202005/01-07-05.htm#bob

Leasing Companies Out of Broker Business

These are companies who are either out of business who worked with independent equipment leasing brokers or no longer are doing business with independent equipment brokers within the last year. This is not a list of companies who do not do business with independent equipment brokers.

ACC Capital Corporation, Salt Lake City, Utah
(no longer "application only"-new $100,000 mininum)
Advantage Business Capital, Lake Oswego, Oregon
AEL Financial, Buffalo Grove, Illinois
*(No longer taking new broker business)
Balboa Capital, Irvine, Ca
Bankers Healthcare Group, Weston, FL.
C and J Leasing Corp, Des Moines, Iowa
Churchill Group/Churchill Leasing, Jericho, NY
CIT Group (limited)
Columbia Bank Leasing, Tacoma, WA
Concord Financial Services, Long Beach, California
Court Square, Malvern, Pennsylvania
Creative Capital Leasing Group, LLC, San Diego, CA
Direct Capital, Portsmouth, New Hampshire
Diversified Financial Service, Omaha, NE
Dolsen Leasing, Bellevue/Yakima, Washington
Equipment Finance Partners, a division of Altec, Birmingham, Alabama
Evans National Leasing, Inc., Hamburg, NY
Excel Financial Leasing, Lubbock Texas
First Corp.(IFC subsidiary), Morton Grove, Illinois
First Republic Bank, San Francisco, Ca
GE Capital, Conn (limited)
Global Funding LLC., Clearwater, FL
Greystone, Burlington, MA
Heritage Pacific Leasing, Fresno, CA
Hillcrest Bank Leasing, Overland Park, KS
Huntington Equipment Finance, Vendor Finance Group,
IFC Credit Corp., Morton Grove, Illinois
Bellevue, Washington
Irwin Financial (Irwin Union Bank), Columbus, Indiana
Irwin Union Bank, F.S.B. (Louisville, Kentucky)
Lakeland Bank, Montville, NJ
LaSalle Systems Leasing
LEAF Third Party Funding, Santa Barbara, Ca.
Lombard, part of Royal Bank of Scotland, worldwide
Marlin Leasing, Mount Laurel, NJ
Marquette Business Credit Inc., Minneapolis, Minnesota
M&T Credit (Bank)
MericapCredit, Lisle, Illinois
Merrill Lynch Financial
Mesa Leasing, San Diego, California
Midwest Leasing Group,Livonia, MI
National City, Cleveland, Ohio
Navigator (Pentech subsidiary) San Diego, California
OFC Capital, Roswell, Georgia
Pentech Financial, Campbell, CA
PFF Bancorp, Inc, Pomona, CA
Pinnacle Business Finance, Fife, Washington
Pioneer Capital Corporation, Addison, Texas
PredictiFund, a subsidiary of Capital Access Network, Inc
Popular Finance, St. Louis, Missouri
Radiance-Capital, Tacoma, WA
Rational Technology Solutions, Rolling Meadows, IL
Sandy Springs, Olney, MD
Sovereign Bank, Melville, New York
Specialty Funding, Albuquerque, NM
SunBridge Capital, Mission, Kansas
Suncoast Equipment Funding Corp., Tampa, Florida
TechLease, Morgan Hill, California
Textron Financial
Triad Leasing & Financial, Inc., Boise, Idaho
Union Capital Partners, Midvale, Utah
Velocity Financial Group, Rosemont, Illinois
VenCore, Portland, Oregon
Vision Capital,San Diego, California
Wachovia Bank Leasing
Washington Mutual Financial
Western Bank, Devils Lake, ND
Westover Financial, Inc., Santa Ana, California

Blue Bridge Financial by Brian Gallo

“When my father and I left Evans Bank after the bank’s decision to exit the leasing business, you wrote a brief article on Blue Bridge Financial, LLC in your August 28th publication. We have since developed our product and I wanted to define our business model and our anticipated role in the small ticket market as follow-up to that article.

“After leaving Evans we partnered with Mark DeBacker the former CFO of Evans Bank from 2001-2006 to form Blue Bridge Financial, LLC. Blue Bridge will facilitate access to the small ticket leasing space for community banks and investment groups. With a high concentration of real-estate, regulatory pressures, and diminishing fee income, banks need a short term high yield product to diversify their balance sheets. Leasing is the perfect vehicle but the impediments to entry are high.

“Our management team brings banking and regulatory knowledge coupled with small ticket leasing expertise to offer community banks and investment groups a unique turnkey small business equipment finance solution. The Blue Bridge solution will hopefully encourage participating banks to lend to the small business community in line with administrative objectives.

“Blue Bridge will work closely with these groups to provide a diversified customizable equipment finance portfolio complete with sourcing, underwriting, billing, collecting, and reporting. We will utilize the Broker market to fill the specific requests of each bank or investment group and will service all portfolios to term.

“We feel our business platform supports the leasing community on multiple levels including:

· A Broker program concentrating on small ticket transactions with credit scores in the mid to high 600 levels.

· The opportunity for leasing professional to partner with Blue Bridge to offer a turkey small ticket solution to their local banks under our revenue share program.

· The opportunity for an equity interest in Blue Bridge to build a truly Broker owned funding source.

· The opportunity to invest in a wholly owned lease portfolio through our portfolio investment and servicing product.

“We have targeted early 2010 to release the Blue Bridge Broker program to the leasing community. We have had great success in the past with our credit platform and look forward to working closely with the Broker community to collectively bring liquidity back to small business.”

Brian Gallo, President
Blue Bridge Financial, LLC
5500 Main Street, Suite 260
Williamsville, NY 14221
Office: 877-439-1534
BGallo@bluebridgefinancial.com

ELFA November Confidence Report

The Equipment Leasing & Finance Foundation reports the November 2009 Monthly Confidence Index for the Equipment Finance Industry confidence increased in the equipment finance market to 57.2, an increase from 54.3 in October.

November 2009 Survey Comments

From the Bank market:
“There are signs that, while limited, a small level of liquidity is beginning to return to the market. We expect the 2nd half of 2010 to show measurable improvement.”

   Adam Warner, President
   Key Equipment Finance
   Superior, Colorado

From the Independent market

Still very tenuous. It is very difficult to match the marketplace's needs with the lending abilities of our banks. The worlds are very far apart at the moment.”

   Valerie Jester, President
   Brandywine Capital Associates
   West Chester, Pennsylvania

From the Captive market:
“As we begin to climb out of this prolonged business cycle I am cautiously optimistic about our industry's future. For most, we have weathered the brunt of the storm. The frozen capital markets are thawing, 3Q09 US GDP was positive, and the sun may be peaking over the horizon on equipment spending. Now more than ever, we have an opportunity to fulfill our customer's demand for competitive financing solutions and extraordinary service levels.

   Bill Houston
   Director of Finance and Administration
   Canon Financial Services
   Souderton, Pennsylvania

• When asked to assess if their current business conditions would remain the same over the next four months, 39.5 % of executives responding said they believe business conditions will improve over the next four months. However, only 4.7% believe conditions will get worse, an improvement from 12.5% in October. 55.8% believe business conditions will remain the same over the next four months compared to 47.5% in October.

• When asked, 25.60% of the executives reported they expect to hire more employees over the next four months, up from 17.5% in October, and 48.8% expect no change in headcount.

Full Report:

http://www.leasefoundation.org/IndRsrcs/MCI/

Sales Make it Happen

OBJECTIONS WE ALL SEE

By: Linda P. Kester

In 1988 I would drive my Saab to a vendor's location and ask them "Do you have any apps for me?" Inevitably they said "No, we don't have any leasing deals for you right now, but you can stop back in a couple of weeks." A couple of weeks would go by, I'd stop by again and they would tell me "No leasing deals now, but feel free to stop by again."

Was I prospecting? I thought I was. What I was really doing was wasting everyone's time! Wasting my own time by prospecting with no clear objective, not uncovering the vendors needs with good questions and not moving the sales process forward.

I was wasting the prospect's time because I didn't give them any value in doing business with me. They saw nothing to gain, and they didn't want to come right out and tell me NO.

In the leasing industry there are many types of objections. I shared my experience above because I didn't uncover any specific objections. I just kept getting a stall, and a stall is an objection that can happen at any point in the sales cycle. The stall I experienced happened very early in the process. You may experience this as a "brush off". The typical brush off objections that come early in the sales call are:

We're happy with who we are using
Just send me some literature
We don't use leasing

If a vendor tells me in the first 25 seconds of the call that they are happy with their present leasing company, I know that my opening statement was not very effective, and then I'll say "some of my best customers said the same thing the first time I called them. Who are you using?" I brush off their brush off and ask a question.

If the prospect says "Just send me some literature on that." Reply with "There are questions people have that simply aren't addressed in the literature. That's why I'd like to ask you a few questions."

Other objections/resistance come further in the sales process:

Your rates are too high
All our customers pay cash
We've been disappointed in the past with turn-around time or speed of payment

The worst thing we can do when faced with an objection is tell the other person that they are wrong. Unfortunately, that's what most objection rebuttals do. The best route is to show empathy and ask questions and help someone to:

Doubt their own beliefs
Change their mind on their own

For example, I was in the market for a Jaguar automobile. I questioned the salesman about the reliability of the car. Everyone knows that Jaguars have a reputation for frequent breakdowns. The salesman did not show any empathy when I voiced my objection. He gave a heavy sigh and announced that Jaguar was bought by Ford and now they have an excellent service record. He didn't show any empathy, in fact he demonstrated annoyance. He then tried to have me change my mind with some lame service record report. If he followed my model he would say something like. "I understand, Jags used to have that kind of reputation. Have you heard this about any models made after 2004? Do you know we have an all inclusive maintenance program?" These comments would have made me feel better. And that is a big point.don't underestimate how big of a role emotions can play in decisions. They can certainly cause someone to throw logic out the window.

Sometimes the prospect doesn't even know his true objection. He may not be confident offering leasing or he doesn't understand how leasing works and so he's embarrassed to admit it. He feels uneducated and his ego demands that he say that he won't offer it. The prospect thinks if they get a leasing company involved they may lose control of their transaction. They say to you."We let the customer get their own financing", or "We don't offer leasing." So, all of your logic backed facts won't change their mind. You have to go back and ask more questions. You have to focus on the vendor or the lessee and what is important to them. What we want or think doesn't matter. The customer in this case is similar to a credit analyst. A credit analyst is not (in most cases) just going to change his mind and approve your deal. He will, however, make a new decision based on additional information. A prospect is not going to change his mind and suddenly start using your leasing company. He may make a new decision based on additional information. That is why it's so important to have an arsenal of value based programs to offer the prospect.

If a vendor says "All my customers pay cash", a good response is "I understand. In your situation customers have a lot of different ways of acquiring your equipment. Why do you think that they pay cash? Are you getting your cash they day you deliver your equipment? Are you waiting 30 days or more for your money? Do you have to handle payment and collection issues? What happens if the customer asks about financing options? Suppose I handled all the leasing details then would you feel comfortable using it?"

Early in my sales career I rarely got to the objection part of the sales cycle. What I've learned is that a sales pro will bring out all the objections as early possible so each objection can be dealt with effectively. If the objection is: " Your rates are too high" Your response could be "Competitive rates are an important ingredient in our services. Can you tell me what you are comparing my rates against? Besides rate, is there any other reason why you wouldn't use my leasing company? Tell me about your current rates, how many payments are required in advance and what type of residual options you quote.

If you can identify the true objection, then you can take steps to resolve it or move on to the next prospect instead of wasting time trying to close a sale that will never be closed.

Linda Kester motivates, educates and empowers leasing sales reps to obtain top performance and increase volume. She provides enthusiastic and practical ideas for success. For more tips visit www.lindakester.com

NACM Credit Manager Report shows encouragement

For the first time in some months, the National Association of Credit Managers (NACM) monthly report suggests that sales are rising at a pretty rapid clip. The index noted a jump from 51.1 to 55. Given that last year’s number was at 34.4, this is pretty encouraging news heading into the depths of the holiday season. There was also some positive movement in terms of new credit applications and dollar collections. The new applications number went from 52.7 to 55.4 and that is much improved from the 45.2 notched in November 2008. Dollar collections had been pretty steady for the past several months, ranging from 50 in November 2008 to 53.4 in September this year. For two months in a row that level has improved more dramatically—54.7 in October and 55.8 in November. These improvements in the positive factors are encouraging.

NACM’s economist, Dr. Chris Kuehl, indicated that this latest set of survey results reinforces some of the assessments that have been made about the future. “As sales increase and credit applications are granted, there is a sense that more business is optimistic about the coming year than not. It was revealed in a recent KPMG survey that business confidence is improving and the CMI provides a clue as to why. Access to credit remains a limiting factor for many businesses but there is evidence of the logjam loosening. In conversations with credit managers and through the comments sent along with the survey, there is a sense that there are growing opportunities for the best customers and a willingness to get engaged with those showing a plan and some progress.”

“Manufacturing remains fragile in the economy at the moment and much of the focus is now on next year," NACM’s economist Dr. Chris Kuehl said. "The sense is that some of the more moribund sectors will start to stage a mild recovery and manufacturers are trying to get in the proper position. The attempt to catch up on credit is one signal, but so is the expansion of credit application so that future demand needs might be met successfully. The most worrisome aspect of this latest expansion is that it is still not rooted in current demand.”

The service sector of the November NACM report reportedly "...is by far the broadest of the categories in the survey and trending is a little harder to do, but the worst performers are still in the financial sector and the best are in the medical sector. Retail is currently faring better than it has through most of the year but that isn’t saying much."

November 2009 vs. November 2008
The rise of the CMI is now starting to enter pretty solid territory. It would now take a pretty pronounced slump in economic activity to drive the index below the 50 growth barrier, but there are still months ahead when a dip might be expected. The first quarter of 2010 is expected to be the weakest of the year and there are still quite a few that think a second recession could evolve in the early part of the year. The numbers now are heading upward and at a unified and rapid clip.

Full Report:
http://leasingnews.org/PDF/CMI_Nov09.pdf

About the National Association of Credit Management
The National Association of Credit Management (NACM), headquartered in Columbia, Maryland, supports approximately 19,000 business credit and financial professionals worldwide with premier industry services, tools and information.

Novato, California--The Marin Humane Society

Ginger
3-year-old
Spayed Female, 35lbs
Irish Terrier Mix

“Ginger is a sweet, smart, energetic young lady with a tumultuous childhood. She LOVES toys and balls and likes to involve people in her play. For her there is nothing better than a game of tug or fetch, which is great because she will need copious amounts of exercise to keep her happy and focused.

“Take a moment and read up on Irish Terriers, they are a wonderful inquisitive, trainable breed. Like most dogs, she needs lots of exercise (two 30-minute walks or hikes) each day and hopefully a few games of fetch. Remember, "A tired dog is a happy dog" otherwise she might get bored. Ginger is a wonderful dog who is looking for a knowledgeable adopter. One that will give her the training, structure and exercise she needs. She will return the favor by being a great lifelong companion.

“Ideal Home: Best in a home with children 16 years or older”

Adoption Center: (415) 506-6225

Picking the Right Dog:
http://www.marinhumanesociety.org/behavior/rightdog.html

http://www.marinhumanesociety.org/

Adopt-a-Pet by Leasing Co. State/City
http://www.leasingnews.org/Conscious-Top%20Stories/Adopt_Pet.htm

Adopt a Pet
http://www.adoptapet.com/

### Press Release ##########################

Survey Reveals That Extra Cash Would Go Toward Debt Repayment

Silver Spring, MD – An online poll conducted in November on the National Foundation for Credit Counseling’s (NFCC) Web site, www.DebtAdvice.org, revealed that consumers are much more concerned about paying down their existing debt load than they are with spending on holiday purchases.

More than 8500 people, the highest number of respondents to any NFCC online poll, weighed in as follows:

If you had an extra $500, would you:

Pay down existing debt = 77%

Put it in savings = 14%

Use it toward holiday expenses = 7%

Spend it on yourself = 2%

“The economic climate in which we live has apparently become very real to the American consumer. The above results strongly signal that consumers are no longer comfortable carrying debt. If there’s a silver lining to the financial meltdown, it is that consumers are now becoming more engaged with their personal financial situation, and are doing something about it,” said Gail Cunningham, spokesperson for the NFCC.

The NFCC’s October survey showed that 68 percent of consumers intend to pay for their holiday purchases with cash, again indicating that consumers are reluctant to charge. This is consistent with emerging data indicating a shift from credit cards to cash or debit cards. This shift can be attributed to consumer awareness, lack of access to credit due to lowered credit lines and closed accounts, plus a decrease in credit card solicitations from the issuers.

“If consumers pay for their holiday purchases with cash, then spending will likely be very limited, as savings rates remain low. That may not be an immediate gift to the retailers, but a consumer who spends wisely will benefit the economy in the long-run,” continued Cunningham.

If you need help finding hidden money in your budget to fund holiday purchases, reach out to an NFCC Member Agency by calling (800) 388-2227, or to find a counselor online, go to www.DebtAdvice.org. For assistance in Spanish, dial (800) 682-9832.

The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation’s largest and longest serving national nonprofit credit counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior and build capacity for its members to deliver the highest quality financial education and counseling services. NFCC Members annually help more than three million consumers through close to 850 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Español (800) 682-9832) or visit www.nfcc.org.

### Press Release ##########################

1954-The U.S. Senate votes 65 to 22 to condemn Senator Joseph R. McCarthy for conduct unbecoming of a senator. The condemnation, which was equivalent to a censure, related to McCarthy's controversial investigation of suspected communists in the U.S. government, military, and civilian society. In the early months of 1954, McCarthy, who had already lost the support of much of his party because of his controversial tactics, finally overreached himself when he accused several U.S. Army officers of communist subversion. Republican President Dwight D. Eisenhower pushed for an investigation of McCarthy's charges, and the televised hearings exposed the senator as a reckless and excessive tyrant who never produced proper documentation for any of his claims. A climax of the hearings came on June 9, when Joseph N. Welch, special attorney for the army, responded to a McCarthy attack on a member of his law firm by facing the senator and tearfully declaring, "Until this moment, senator, I think I never really gauged your cruelty or your recklessness. Let us not assassinate this lad further, senator. You have done enough. Have you no sense of decency, sir? At long last, have you no sense of decency?" The crowded hearing room burst into spontaneous applause. On December 2, after a heated debate, the Senate voted to condemn McCarthy for conduct "contrary to senatorial traditions." By the time of his death from alcoholism in 1957, the influence of Senator Joseph McCarthy in Congress was negligible.

1662-An act “prohibiting the entertainment of Indians without badges” was passed by the Assembly at James City, VA. Colonial badges were issued to “friendly Native Americans, authorized in Virginia by the Act of 1661, which authorized “silver and plated plaques to be worn by the Indians when visiting the settlements.” One of these has a crude representation of a tobacco plant and scrolls, above which is “The King OF” on the obverse, while on the reverse is a similarly engraved plant and the word “Patomeck” with the “e” over lined. The surface edges were engraved to represent scrolls and foldings, while the medal was holed for suspension. It was also common in many Southern states to require slaves of all races and colors to wear “badges” or “medal tags” to donate their owner, plus giving the authority to be off the “premises.” There were also
“slave hire badges,” worn by slaves hired out by their owners.
This site sells these pieces of history:
http://www.exonumia.com/slave.htm
here are 1834-Slave tags
http://prices4antiques.com/itemsummary/104768.htm
http://www.wakeforestcoins.com/slave%20badges/slave%20badges.htm
http://www.p4a.com/itemdetail/79637.htm
    1763-Members of the Jewish community of Newport, Rhode Island witnessed the dedication of the Touro Synagogue, the first synagogue in what became the United States. Sephardic Jews in Jamaica, Surinam, London and Amsterdam sponsored the building of this first major center of Jewish culture in America. Designed in the Georgian style by English architect Peter Harrison, the synagogue was named for Isaac Touro, its first officiating rabbi. There were Jewish religious meetings in New York and Atlanta, Georgia, however this is considered the first building. It is considered an architectural masterpiece, and by the way, Touro Synagogue is the sole surviving synagogue built in colonial America.
(lower half of: http://memory.loc.gov/ammem/today/dec02.html )
    1777- Linda Barrington Darrah is known as “The Spay Who Saved George Washington.” History records she hid this evening in the linen closet and listened to the British leaders discussing a surprise attack against Washington's army. The next day she walked several miles through the snow to the American army's location at Whitemarsh to alert Washington so that when the British launched its attack, Washington and his men were ready. This was considered one of the major turning points in the war as the American army, instead of forcing the British troops back to Philadelphia, would have faced almost total destruction.
http://www.ushistory.org/march/bio/lydia.htm
http://www2.whidbey.net/jerod/lydiadarragh.htm
http://www.lexidigital.com/bcdarwomen4.htm
    1812-James Madison was re-elected president of the United Sates, defeating De Witt Clinton of New York, who had been endorsed by the Federalists and by Democratic-Republicans opposed to the war. Elbridge Gerry, Democratic-republican of Massachusetts, was elected vice president. The presidential electoral vote was Madison, 128; Clinton, 89. The vice president electoral vote was Gerry, 131; Charles Jared Ingersoll, Federalist of Pennsylvania, 86
http://www.whitehouse.gov/history/presidents/jm4.html
    1823-President James Monroe, in his annual message to Congress, enunciated the doctrine that bears his name and that was long hailed as a statement of US Policy”...In the wars of the European powers in matters relating to themselves we have never taken any part---we should consider any attempt on their part to extend their system to any portion of this hemi-sphere as dangerous to our peace and safety.” George Washington in his farewell speech noted his policy and opinion, but obviously was not followed as the United States continued its expansion into foreign territory owned by European countries, including Ohio, Florida, West of the Mississippi and Canada, which in part contributed to the War of 1812 with Britain. By this year, the United States had claims on most of the territory except for what was owned by Mexico and Russia, (not including islands such as Hawaii or other areas owned by Spain or lands still considered to be Indian territory) which we either traded or conquered, such areas which are now part of the South West, including California. The posturing of US, or for that fact, any foreign government official, often had little to do with “reality,” meaning the “expansion” or “acquisition.” Read your American history, not what they taught you in grammar or high school.
http://www.amazon.com/exec/obidos/tg/detail/-/0684818868/qid=1038511881/sr=2-1/
102-1682336-8966565?v=glance&s=books
    1831- Birthday of Francis N. Peloubet, American Congregational clergyman. A promoter of the Sunday School, he penned 44 annual volumes of "Select Notes on the International Sunday School Lessons" between 1875 and his death in 1920. They were known afterward as "Peloubet's Notes."
    1840-William Henry Harrison was elected president, John Tyler of Virginia was elected vice-resident in a Whig landslide, defeating incumbent President Martin Van Buren, Democrat. In 1837 the panic began. Hundreds of banks and businesses failed. Thousands lost their lands. For about five years the United States was wracked by the worst depression thus far in its history. Programs applied decades later to alleviate economic crisis eluded both Van Buren and his opponents. Van Buren's remedy--continuing Jackson's deflationary policies--only deepened and prolonged the depression. Declaring that the panic was due to recklessness in business and over expansion of credit, Van Buren devoted himself to maintaining the solvency of the national Government. He opposed not only the creation of a new Bank of the United States but also the placing of Government funds in state banks. He fought for the establishment of an independent treasury system to handle Government transactions. As for Federal aid to internal improvements, he cut off expenditures so completely that the Government even sold the tools it had used on public works. The electoral vote was Harrison 234, Martin Van Buren, 60. The popular vote was Harrison, 1,275,017; Van Buren, 1,128,702; James G. Birney, Liberty Party, candidate, 7059. Unfortunately William Henry Harrison, 68, caught cold at his inauguration on March 4, and died of pneumonia on April 4, 1841. For the first time a vice president succeed to the presidency. Tyler who, although he had run on the Whig ticket, was not a Whig at heart. He had previously supported the Democrat, President Andrew Jackson in 1828 and 1832, and had major political disagreements with the northern, conservative wing of the Whig Party. His administration was characterized by bickering and frustration, as Henry Clay and Daniel Webster tried to control Tyler and shape the White Party to their own interests.
http://www.whitehouse.gov/history/presidents/mb8.html
http://www.whitehouse.gov/history/presidents/jt10.html
http://www.whitehouse.gov/history/presidents/wh9.html
    1859-John Brown, Abolitionist leader who is remembered for his raid on US arsenal at Harper's Ferry was hanged for treason at Charles Town, WV. On October 16 he and 21 followers had seized the federal arsenal at Harpers Ferry (now in West Virginia) to establish an abolitionist republic in the Appalachians and to fight slavery with fugitive slaves and abolitionist whites. Groups had been raiding “free states ”in retaliation for hiding slaves or helping them to escape to Haiti or Canada permanently. He had moved to Kansas to help organize resistance to these Southern raids. It is interesting to note the men who appeared upon the scenes of these opening hostilities at Harpers Ferry, as they became famous or celebrated characters in the great drama of the civil war. Among those who became Confederate generals were: S. Cooper, R. E. Lee, J. E. B. Stuart, John B. Floyd and Henry A. Wise; and among colonels, C. J. Faulkner and A. R. Boteler. In the committee of the United States Senate, appointed by resolution of December 14, 1859, to inquire into the facts attending this invasion, were Hons. Jefferson Davis and J. M. Mason, and this committee had before it as witnesses, Hons. W. H. Seward, J. R. Giddings, Henry Wilson and Andrew Hunter. John A. Andrews, of Massachusetts, secured funds to pay Brown's counsel. In the South, John Brown was thought of as a murdered and traitor who deserved the gallows, but in the North his gibbet was described as “the cross of a martyr.” In Concord, Mass., Henry David Thoreau wrote of Brown, “ When a government puts forth its strength...to kill the liberators of the slave, what a merely brute...force it is seen to be.” Longfellow wound a prophetic note: “This will be a great day in our history, the date of a new revolution...As I write, they are now leading old John Brown to execution...This is sowing the wind to reap the whirlwind, which will soon come.”
http://infoplease.com/ce6/people/A0809136.html
http://www.civilwarhome.com/johnbrown.htm
    1864-Confederate General Archibald Gracie, Jr., is killed in the trenches at Petersburg, Virginia, when an artillery shell explodes near him. Gracie was born in New York in 1832. He was educated in Germany before he attended West Point, from which he graduated in 1854. Although his family lived in the North, his father owned a business in Mobile, Alabama, and Gracie moved there upon his resignation from the army in 1856. Gracie soon became an ardent supporter of the southern cause, and he was active in the Alabama state militia. In early 1861, before Alabama seceded from the Union, Gracie was ordered by the governor to seize the federal arsenal at Mount Vernon. Gracie's command protected Richmond in the summer of 1864, and his leadership at Drewry's Bluff was instrumental in holding Union General Benjamin Butler's force at bay near the Confederate capital. Gracie fought during the siege of Petersburg for the rest of the year, and he was recommended for promotion to major general. Unfortunately, he was killed before the rank was confirmed. Most of Gracie's family remained in the North, and his relatives arranged for transfer of his body to Union lines. He was buried in New York City.
    1867- English writer Charles Dickens gives his first public reading in the United States, in a New York City theater. Dickens was a hit with the American public, who anxiously awaited each installment of his serialized novels. The line for his first reading in New York was more than a mile long.
    1873- The Reformed Episcopal Church was organized in New York City when 8 clergymen and 20 laymen broke from the Protestant Episcopal Church over a debate regarding proper church ritual.
    1890-Birthday of pianist/band leader Fate Marable, Paducah,KY, died Jan. 16,1847, St,. Louis, MO.
http://www.redhotjazz.com/fatem.html
http://www.musicweb.uk.net/encyclopaedia/m/M299.HTM
http://www.redhotjazz.com/fate.html
http://mnmn.essortment.com/louisarmstrong_rsvy.htm
    1891-Birthday of Dr. Charles Wesley, African-American educator/historian.
http://www.dpw-archives.org/chw.html
    1895-Birthday of organist Jesse Crawford, Woodland,CA
http://www.ohscatalog.org/ohscatalog/jescrawearye.html
http://www.amazon.com/exec/obidos/ASIN/0911572112/inktomi-bkasin-20/
002-5410374-3716044
    1901-American King Camp Gillette designed the first razor with disposable blades. Up until this time men shaved with a straight edge razor that they sharpened on a leather strap.
    1905-Birthday of Mose Asch, founder of Folkways Records, Warsaw, Poland
http://www.folklife.si.edu/CFCH/coll.htm#asch
http://www.folkways.si.edu/
    1906- Birthday of TV pioneer Peter Goldmark, born Budapest. As an engineer at Columbia Broadcasting Systems Laboratory, he devised a color television system and later the LP (long playing) record album, which transformed the recording industry. Goldmark's color television, first demonstrated in 1940 and approved for commercial use after World War II, used a rotating, three-color disk to project color images. Although all-electronic color television quickly replaced Goldmark's mechanical system, closed-circuit television manufacturers continued to use Goldmark's design. In 1948, Goldmark developed the LP, which could carry as much music as six 78-rpm records. Later, as vice president of CBS, Goldmark developed a system that allowed the U.S. Lunar Orbiter to transmit photographs from the Moon to the Earth.
    1908 -The Federal Council of Churches of Christ in America was founded in Philadelphia. (In 1950 this ecumenical organization was replaced by the National Council of Churches.)
    1914-Birthday of arranger/composer Eddie Sauter, born Brooklyn, NY, died April 21, 1981, New York City.
http://www.musicweb.uk.net/encyclopaedia/s/S25.HTM
http://shopping.yahoo.com/shop?d=product&id=1927179025&clink=dmmu.artist&a=b
http://www.amazon.com/exec/obidos/ASIN/B0000507YK/avsearch-df1-9-20/
002-5410374-3716044
1916-Birthday of tenor saxophone player Charlie Ventura
http://www.gkrp.net/charliebio.html
http://www.amazon.com/exec/obidos/ASIN/B00005ARFW/avsearch-df1-9-20/
002-5410374-3716044
    1917-Birthday of American singer Sylvia Syms, born at New York, NY. She was called the “world's greatest saloon singer” by Frank Sinatra and recorded 15 albums. She died May 10, 1922 at New York NY.
http://artists.spun.com/sylvia_syms
http://music.zodchiy.com/S/Sylvia_Syms.html
    1918 – Birthday of Milton DeLugg (bandleader: The Tonight Show Starring Johnny Carson; Milton DeLugg and His Orchestra: Abe Burrows' Almanac, The Chuck Barris Rah Rah Show, Dagmar's Canteen, Doodles Weaver, The Gong Show, Judge for Yourself, Your Hit Parade; musician: accordion: The Milton DeLugg Quartet: Broadway Open House; songwriter: Orange Colored Sky)
http://us.imdb.com/Bio?Delugg,%20Milton
http://www.spaceagepop.com/delugg.htm http://www.tvparty.com/lostmahoney.html
    1923- Opera soprano Maria Callas was born in New York City. Her appearances in public had to be protected by guards. She was swarmed by fans and the press: the new sleek Callas was too photogenic with her strongly defined facial features and huge eyes. Her open affair with one of the world's richest men, Greek shipping giant Aristotle Onassis fanned the flames of the tabloids even higher keeping her personal life in headlines .... including the humiliating end of the affair as her former lover declined to marry her, then wooed and married Jacqueline Kennedy, the widow of U.S. president John Kennedy. Her last operatic performance was in 1965 in a career that had been marked by retirement for the high society life with Onassis before returning to the state, and quarrels with the managers of LaScala and the Metropolitan - and cancellations of performances. She died September 17,1977 at the age of 53, after becoming a recluse.
http://www.callas.it/framehome-e.html
    1927 - The first Ford Model A was unveiled on this day in New York City's Waldorf Hotel and in 35 other cities around the U.S., Canada and Europe. The car was priced affordably: the Phaeton sold for $395.00 and the Tudor Sedan for $495.00. The lag between cars available and orders on hand had mounted to 800,000 by the spring of 1928. Ford made almost two million Model A cars in 1929 alone.
http://www.mafca.com/
http://s1.amazon.com/exec/varzea/ts/exchange-glance/Y02Y2585701Y3188484/
002-5410374-3716044
    1931-Birthday of pianist Wynton Kelly, Jamaica, BWI
These are the best:
http://www.fantasyjazz.com/catalog/kelly_w_cat.html
http://members.aol.com/jazz2312/profiles.html/kelly.html
http://www.amazon.com/exec/obidos/search-handle-url/index=music-artist&field-artist=
Kelly%2C%20Wynton/002-5410374-3716044
    1932 - "The Adventures of Charlie Chan" was first heard on the NBC Blue radio network. The Chinese detective became even more popular on the movie screen in the 1930s and 1940s.
( I have them all: http://www.mgm.com/chan/ )
DVD: http://members.tripod.com/classic-movies/ )
    1932- Bing Crosby and Bob Hope appear together for the first time onstage in a show at the Paramount Theater, where The Mask of Fu Manchu opens on this day in 1932. The duo would become two of Hollywood's best-paid actors thanks to their comic rapport
    1935-Birthday of pianist Ronnie Matthews, Brooklyn, NY
http://www.jazzpianists.com/RonnieMathews/
http://www.hitadesign.com/posters/jazz/jazzposters23.html
    1940-Billy Eckstine records “ Jelly, Jell” with Earl Hines' Band.
    1942-The first nuclear chain reaction was engineered by scientists lead by Enrico Fermi at University of Chicago Stagg's Field.
http://memory.loc.gov/ammem/today/dec02.html
    1943 – Birthday of William Wegman (photographer: photographs, videotapes, paintings and drawings exhibited in museums and galleries internationally; film and video works for Saturday Night Live, Sesame Street and Nickelodeon; works for children: Cinderella, Little Red Riding Hood and Mother Goose, Alphabet Soup; The Hardly Boys in Hardly Gold [screened at 1996 Sundance Film Festival])
    1947—Top Hits
Near You - The Francis Craig Orchestra (vocal: Bob Lamm)
You Do - Dinah Shore
And Mimi - Art Lund
I'll Hold You in My Heart (Till I Can Hold You in My Arms) - Eddy Arnold
    1950 - A late season tornado killed four persons in Madison County and Bond County, east of St Louis MO. Three tornadoes touched down in Illinois that afternoon, compared to just half a dozen tornadoes in the month of December in 115 years of records up until that time. Thunderstorms also produced hail which caused more than four million dollars damage in the St Louis area; it was the most damaging hailstorm of record for Missouri.
    1950-- "The Thing" by Phil Harris topped the charts and stayed there for 5 weeks.
    1952 - Keeping his campaign promise, President-elect Dwight D. Eisenhower arrived in Korea to promote a settlement to end hostilities in that war-ravaged country.
    1952 - George Jorgensen, a former G.I. who had gone to Denmark in 1950, prepared to return to the U.S. this day -- as Christine Jorgensen. She, he, had undergone 2,000 hormone injections and six operations performed by sex change surgeons.
    1952- Commissioner Ford Frick plans to take action against Jackie Robinson. Two days earlier Robinson had called the Yankees a racist organization for its failure to promote a black to the parent club.
    1954-The U.S. Senate votes 65 to 22 to condemn Senator Joseph R. McCarthy for conduct unbecoming of a senator. The condemnation, which was equivalent to a censure, related to McCarthy's controversial investigation of suspected communists in the U.S. government, military, and civilian society. In the early months of 1954, McCarthy, who had already lost the support of much of his party because of his controversial tactics, finally overreached himself when he accused several U.S. Army officers of communist subversion. Republican President Dwight D. Eisenhower pushed for an investigation of McCarthy's charges, and the televised hearings exposed the senator as a reckless and excessive tyrant who never produced proper documentation for any of his claims. A climax of the hearings came on June 9, when Joseph N. Welch, special attorney for the army, responded to a McCarthy attack on a member of his law firm by facing the senator and tearfully declaring, "Until this moment, senator, I think I never really gauged your cruelty or your recklessness. Let us not assassinate this lad further, senator. You have done enough. Have you no sense of decency, sir? At long last, have you no sense of decency?" The crowded hearing room burst into spontaneous applause. On December 2, after a heated debate, the Senate voted to condemn McCarthy for conduct "contrary to senatorial traditions." By the time of his death from alcoholism in 1957, the influence of Senator Joseph McCarthy in Congress was negligible.
    1955—Top Hits
Sixteen Tons - Tennessee Ernie Ford
I Hear You Knocking - Gale Storm
Memories are Made of This - Dean Martin
Love, Love, Love - Webb Pierce
    1957-- "You Send Me" by Sam Cooke topped the charts and stayed there for 3 weeks.
    1963—Top Hits
I'm Leaving It Up to You - Dale & Grace
Dominique - The Singing Nun
Everybody - Tommy Roe
Love's Gonna Live Here - Buck Owens
    1967 - Singer Jimmie Rodgers ("Honeycomb", "Kisses Sweeter Than Wine") was found in a car in Los Angeles, near death, suffering from a fractured skull. He had been the victim of a “mysterious assault”.
    1967- "Daydream Believer" by the Monkees topped the charts and stayed there for 4 weeks.
    1970- a rare December tornado touched down in the Timpanogos Divide in Utah. It tracked across a 38 inch snow cover, spewing snow 1000 feet into the air.
    1970- Neil Diamond and Barbra Streisand's "You Don't Bring Me Flowers" topped the Billboard Hot 100. A radio station engineer had spliced together Neil's version with Barbra's rendition and got such good response, the station added it to their play list. When Neil got wind of it, he decided to re-record the song with Streisand herself, and within weeks of its release, the single went to number one in the US and number five in the UK.
    1971—Top Hits
Theme from Shaft - Isaac Hayes
Baby I'm-A Want You - Bread
Have You Seen Her - Chi-Lites
Daddy Frank (The Guitar Man) - Merle Haggard
    1972 - Motown's Temptations reached the #1 spot on the top 40 charts with "Papa Was a Rollin' Stone". It was the fourth #1 hit for the Temptations, joining "My Girl" (1965), "I Can't Get Next to You" (1969) and "Just My Imagination" (1971).
    1974 - a big snowstorm over the Ohio Valley and lower Great Lakes came to an end. Detroit, MI measured 19.5 inches, Toledo, OH 15.9 inches, Cleveland, OH 17.8 inches and Akron, OH 24.3 inches
    1975--Disco group Silver Convention earns a Gold record for "Fly, Robin, Fly", #1 on the Billboard Pop chart.
    1977- Joan S. Wallace is sworn in as assistant secretary of the U.S. Department of Agriculture. She is the first black woman to hold the post. The first woman appointed was Dorothy H. Jacobsen in 1964.
http://www.fiu.edu/~socialwk/wallace.htm
    1978- "You Don't Bring Me Flowers" by Barbra Streisand & Neil Diamond topped the charts and stayed there for 2 weeks.
    1979—Top Hits
No More Tears (Enough is Enough) - Barbra Streisand/Donna Summer
Babe - Styx
Please Don't Go - K.C. & The Sunshine Band
Broken Hearted Me - Anne Murray .
    1980-Denali National Park and Preserve established1980-Gates of the arctic National Park and Preserve established, Alaska.
    1980-Glacier Bay National Park and Preserve established, Alaska.
    1980-Katami National Park and Preserve established, Alaska
    1980-Kenai Fjords National Park established, Alaska
    1980-Lake Clark National Park and Preserve established, Alaska
    1980-Wbuk Valley National Park established, Alaska
    1980-Wrangell-Saint Elias National Park and Preserve established, Alaska.
    1980-"Kenny Roger's Greatest Hits" is certified Platinum by the Recording Industry Association of America. Kenny's latest single, "Lady" is currently #1 on the Billboard Pop chart.
    1981 –Birthday of Britney Spears (dance-pop singer: albums: Baby… One More Time, Oops!… I Did It Again; TV performer: The Mickey Mouse Club, Time Out with Britney Spears, Britney in Hawaii) , Born Kentwood, LA
    1982-Barney C. Clark, 61, became the first recipient of a permanent artificial heart. The operation was performed at the University of Utah Medical Center at Salt Lake City. Near death at the time of the operations, Clark survived almost 112 days after the implantation. He died March 33,1983.
    1984 - Dan Marino connected for four touchdown passes and set an NFL record .for TD passes in a season (40). Miami's Dolphins lost the game, however, to the Los Angeles Rams, 45-34. It marked the Dolphins' first home loss of the season following six wins.
    1985 - The highest-rated "Monday Night Football" telecast was seen this night on ABC-TV. The game drew an audience share of 46.0 and a rating of 29.6. The Miami Dolphins beat the Chicago Bears, 38-25. The Miami win snapped the Bears' 12-game winning streak. The Miami Dolphins scored on their first five possessions. The Bears thus finished the regular season with a 15-1 record, and the Dolphins preserved their unique status as the only NFL to go undefeated in an entire season, a feat they accomplished in 1972.
    1985-Organized crime bosses Paul Castellano and Thomas Bilotti are gunned down as they exit Sparks Steak House in New York City, making John Gotti, the organizer of the hit, head of the notorious Gambino crime family-the most powerful Mafia operation in New York. 1968, Gotti was convicted of hijacking a truck and was sentenced to three years in prison. But his real Mafia ascension began when he killed one of the Gambino family's enemies in May 1973. Despite concerted efforts by New York law enforcement to crush the Gambino family operation, Gotti continued to climb up the ladder. Wearing flashy, expensive suits, Gotti became something of a local hero in his Howard Beach neighborhood for his connection to organized crime. His unparalleled success at escaping conviction at trial earned him the nickname "Teflon Don." He was even acquitted of racketeering charges in 1986, despite the fact that the prosecution presented thousands of taped conversations in which Gotti was acknowledged as the head of the crime family. Gotti's streak of luck with the law ended in 1992, when he was convicted of murder and racketeering and sentenced to life in prison without the possibility of parole. He died June 10,2002 while serving a life sentence without the possibility of parole. Since being incarcerated in December of 1990, he spent twenty-three hours a day alone in a small cell and was not allowed any contact with the rest of the prison population. When doctors diagnosed Gotti with throat cancer in September of 1998, he was brought to the United States Medical Center for Federal Prisoners in Springfield, Missouri. Following surgery and thirty-six radiation treatments, he was transferred back to solitary lockup in Marion, Illinois.
http://www.geocities.com/carmine_scalia/books.html
    1992-two F1 tornadoes touched down near Santa Rosa, CA and Mount Lemmon, AZ was drenched with 2.95 inches of rain in 24 hours
    1995 - R. Kelly's "R. Kelly" was the #1 album in the U.S for one week. The tracks: "Intro--The Sermon", "Hump Bounce", "Not Gonna Hold On", "You Remind Me of Something", "Step in My Room", "Baby, Baby, Baby, Baby", "Be Happy", "Down Low", "I Can't Sleep Baby", "Thank God It's Friday", "Love is on the Way", "Heaven If You Hear Me", "Religious Love", "Tempo Slow", "As I Look Into My Life" and "Trade in My Life".
    1995- "One Sweet Day" by Mariah Carey & Boyz II Men topped the charts and stayed there for 16 weeks.
    1997 - "Diana, Princess of Wales: Tribute" double album was released. The collection included songs from Sinead O'Connor, Rod Stewart, Eric Clapton, Mariah Carey, Queen, George Michael, U2, Paul McCartney, REM, Bruce Springsteen, Michael Jackson, Whitney Houston and many others.
    2008-- In a ceremony at the home of Consul General of Japan, former Dodger skipper Tommy Lasorda is honored for his contributions to Japanese baseball. The Hall of Famer receives the Rising Sun, Gold Rays with Rosette medal on behalf of the emperor for his work with players and teams in this Asian nation since 1965.

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