Available by e-mail in a text format, sent out at 3:00am, free:
Classified Ads- Outsourcing--- Back Office
Backoffice: All Locations
you a broker or a rep for a major lessor? Want to just market and leave
the backroom an packaging functions to us? Call us.
Backoffice: Atlanta , GA. GlobalTech Portfolio Services provides world class lease, loan administration and asset management for equipment and vehicles. Current portfolios $1 billion. Contact Alan Zeppenfeld 678-816-2216 E-mail:email@example.com
Back Office: Atlanta, GA. Let Tax Partners handle your sales and use tax compliance duties w/less risk and cost than in-house. Largest tax compliance firm in US E- mail:firstname.lastname@example.org
Backoffice: Dallas, TX.
Property Tax and sales and use tax administration services performance is guaranteed and we will save you time and money or our service is free.E-mail: email@example.com
Backoffice: Indianapolis, IN
Solutions, LLC specializes in delivering customized back-office lease
portfolio admin./ ASP services for lessors, banks, manufacturer captives:
other financial institutions.
Backoffice: Jacksonville, FL.
CIT's Portfolio Service Group: providing cost- effective lease/portfolio services: Accounting, Tax Reporting, Collection svc, End of Lease Solutions, Front End Documentation, Invoicing, and on-line reporting
Back Office: Laughlin, NV. 20 years experience on funder/broker sides. Looking for a relationship where I act as credit shop for smaller brokers when financial statements are involved. E-mail:firstname.lastname@example.org
Backoffice:New Rochelle, NY
management/administration of commercial/consumer
registrations, sales/property taxes, tickets, collections, accounting, vehicle disposition. Since 1975
Back Office: Northbrook, IL
Our staff of CPA's and lease professionals can handle any or all portfolio responsibilities incl. portfolio mgmt, invoicing, sales/property/ income tax, accounting, etc. E- mail:email@example.com
Back Office: San Rafael, CA
We can run your back office from origination to final payoff. 30 years experience in commercial equipment lease and loan portfolio management.
Full listing of all “outsourcing classified ads” at:
Tax Free Wachovia to Enter 4 Urban Texas Markets
Wachovia, the nation’s fourth-largest banking company and third-largest full-service brokerage, announced it will move into Texas by the end of the year. The company will open wholesale and retail banking operations in the areas of Dallas-Fort Worth, Houston, Austin and San Antonio, with its state headquarters in Dallas.
In the PBS television documentary about tax shelter abuse, Wachovia was highlighted for a sale/leaseback on a Bochum, Germany under ground sewer, " But through other sources we confirmed that the Bochum sewer lease was a half-billion dollar deal involving the fifth largest U.S. bank -- Wachovia. (Last year, Wachovia's annual report indicated that it paid no federal taxes on $3.6 billion in profits. A big chunk of its tax savings came from its $3 billion in leasing activities -- though how much was generated from cross-border deals like Bochum's is impossible to tell.)"
Wachovia expects to add four to six retail branches in Texas, staffed with more than 40 sales, risk and treasury employees, by the end of 2004. Between 2005 and 2010, the bank expects to add 30 to 50 new branches annually. Noting that Texas will be home to12 percent of the nation’s total population growth in the next 25 years, bank officials say the cities it chose in Texas include 60 percent of the state’s current population and 75 percent of its proposed growth.
This German tax shelter and others gives it the opportunity to compete
in new markets, such as in Texas, home of President George
Bush, because it allegedly paid no taxes on $3.6 million in profits.
Weekly Bulletin Board Complaint Report
10% to ELFF Relief
E-mail to Lisa Levine, Executive Director, Equipment Leasing and Finance Foundation, with a cc: to Mike Fleming, President Equipment Leasing Association, from Kit Menkin----
“As you know, last year I tried to get those who we helped obtain money reimbursed for "advance rentals," deposits,
or service rendered to make a donation to the Equipment Leasing and Finance Foundation, created in 1989 by the Equipment Leasing Association.
“We were not successful, so Leasing News made a contribution itself, and developed a new policy in 2004 which we would require a 10% cost to be made payable to the Equipment Leasing and Finance Foundation. We looked at this as a donation.
“Unfortunately, I think I will have to ask you to release us from our promise. We have had two persons who specifically told us their attorney would handle it, and three who we spoke to, who were going to consider it, had their money returned just by telling them we were going to publish the complaint ( in reality,
we hadn't even started to "investigate.")
“In many of the instances, the person making the complaint had hired an attorney, but I think it is more than a money issue. I think it is an emotional issue. Number one, they don't have the lease and the situation may be six months old, so they have gone through a lot of turmoil to this point. They are frustrated. They are angry. They either have the money for an attorney, or the cost of getting the money back will be more than the legal expense, and as important, they are upset. This applies
to whether it is $6,000 or $50,000 that they have advance.
“So from a public relations perspective, they appear to get the impression the leasing industry is after more money from them. They don't view this as a "donation," and more importantly,
many say they will never lease again, obviously not caring to support the Equipment Leasing and Finance Foundation.
“In this view, I would like you to release the promise we made of charging a 10% donation when we were successfully in having money returned.. Leasing News will continue to support ELFF, hopefully attract some donations, too. We definitely appreciates all the work you, your staff, your board, and foundation do for our industry.”
Kit Menkin, editor/publisher
“You are certainly released from your promise. We appreciate your support of the Foundation through your communication efforts and financially.
We are pleased to count on both avenues of support in the future.
Lisa A. Levine, CAE
Equipment Leasing and Finance Foundation - Your Eye On the Future
#1---A real estate brokerage company took a 10k deposit to finance $1.4 million at 8.75%, “with no additional brokerage fee ( all included ) the complaint said. Part of the package was an equipment lease.
After 71 days, the applicant was told they would keep the lease portion, but try a bank using real estate.
“After over 100 days of false statements on satus and rates...we asked for a refund of our $10k deposit per our signed agreement. Now 116 days into the ordeal, we are going to file a complaint against **** for fraudalent representations, and taking and not returning the money.”
After getting Ms. Levine clearance, we told the complaintant we would
not require the 10%, did a check with the real estate licenses, finance
lenders licensing, Better Business Bureau, and in one telephone call,
the principal said it was not worth the attorney expense or his time
to explain to us or a court about what had happened, as he would
be sending back a check for $10,000 today to the company who
made the complaint.
We told the person who made the complaint, who later sent us
“Hi. FYI, the copy of the refund check is faxed to me.”
We told him not to celebrate until it has been received and clears the bank.
Senior Sales Executive
Vendor Sales Manager
*** announcement **************************************
**** announcement *****************************************************
##### Press Release ###########################
DONNA HALOW NAMED PRESIDENT AND CEO OF TRINITY CAPITAL
San Francisco, CA – After 23 years as President and CEO of Trinity Capital Corporation, Jim Halow has retired (reported by Leasing News on February 11,2004.) Donna Halow, his wife and partner since 1982 in the San Francisco-based equipment leasing company, succeeds him in the role.
Promoted from Executive Vice President and General Manager by the firm’s board of directors, Donna Halow had been in charge of the company’s operations and major client relationships.
“Nobody is better qualified than Donna Halow to take over this responsibility,” said Jerry Newell, chairman of the Trinity Capital board and executive vice president of the equipment leasing division at Trinity’s parent, Bank of the West. “The company will have seamless management continuity following the retirement of its
Before joining Trinity Capital, Donna Halow had management roles in finance and operations for Levi Strauss & Co. After receiving her MBA from the University of Washington, she also worked in finance for Ford Motor Co.
Before forming Trinity Capital, Jim Halow was a vice president for U.S. Lease Financing, Inc., a subsidiary ofU.S. Leasing International.
Trinity Capital was acquired by Bank of the West in November 2002. As a subsidiary, Trinity has a portfolio of $166 million in equipment leases and provides servicing for $1 billion in leases for clients. Bank of the West, a San Francisco-based commercial bank with assets of $29.3 billion and some 300 branches in six Western states, had a lease portfolio of $730 million at year-end 2003.
( According to a Bank of the West spokesman the Trinity Capital operation was to remain in tact in San Francisco. The purpose was to coordinate and take over operations of Bank of the West Leasing expansion into the East Coast and servicing the bank’s new branches in Southern California. The vendor direct business and servicing of leasing companies portfolio’s continues. editor )
A Bank of the West Company
Trinity Capital Corporation
475 Sansome Street, 19th Floor, San Francisco, CA 94111
Phone (415) 956-5174 Fax (415) 956-5187
NEWS For Immediate Release
Contact: Bob Wolff (213) 972-0521
### Press Release #############################
Fitch Affirms Sky Financial Group's Rtgs; Maintains Negative Outlook
Fitch Ratings-Chicago-: Fitch Ratings has affirmed all ratings for Sky Financial Group, Inc. (SKYF, 'BBB'/'F3') and its principal subsidiaries following SKYF's announcement today of an agreement to sell its dental financing affiliate, Sky Financial Solutions (SFS). Fitch also maintains a Negative Rating Outlook. A complete list of ratings follows at the end of this release.
Fitch views the pending transaction (scheduled to close in the first quarter of 2004) favorably in terms of the positive impact on parent company liquidity and capital. The sale of SFS would enable SKYF to reduce leverage, boost tangible capital, and redeploy capital in its core operating businesses of providing retail and commercial banking and insurance services within its footprint. However, Fitch looks for SKYF to make continued progress in enhancing available bank level liquidity sources, achieving core deposit growth, and augmenting capital. The acquisition of Second Bancorp (SECD), scheduled to close in the second quarter of this year, will reduce capital levels and delay SKYF in rebuilding capital to more historical operating levels (6.5% tangible common equity to tangible assets). Significant progress in this regard along with improvement in Sky Bank's liquidity profile would relieve the downward pressure on SKYF's ratings and would likely result in a favorable resolution of the Rating Outlook.
Contact: Doris Hoffmann +1-312-368-2057 or David Spring +1-312-368-3194, Chicago.
### Press Release #########################
Sky Financial to Sell Dental Financing Affiliate to MBNA
Sky Financial Group, Inc. announced the execution of a definitive agreement for the sale of its dental financing affiliate, Sky Financial Solutions to MBNA. The sale is expected to close in the first quarter of this year.
A Sky Financial Group affiliate since 1996, Sky Financial Solutions is an industry leader in providing dental professionals with specialized financing for new office start-ups, equipment financing and practice acquisition.
“Sky Financial Solutions was a strong performer for Sky in 2003 and has continued to show earnings improvement since it began retaining its loan originations in 2000, however, this was a great opportunity for both Sky and MBNA,” stated Marty E. Adams, chairman, president and CEO of Sky Financial Group. “MBNA is an excellent, high-performing company known for its innovative products and the unique business niche of Sky Financial Solutions will fit well in MBNA’s company portfolio. For Sky, the transaction will allow us to devote our full financial and management resources to our core business, which is providing banking, insurance and wealth management services through our regional market structure. In addition, the sale will strengthen Sky’s balance sheet, improving our liquidity and capital positions,” said Adams.
As a result of the transaction, Sky expects to record a net gain from discontinued operations of approximately $.18 to $.20 per share in the first quarter. However, until Sky can fully redeploy the additional capital, earnings will be reduced approximately $.01 per share on a quarterly basis. For the full year, Sky pro
Willis Lease Finance Reports 2003 Net Income Increased 16% to $4.2 Million; 2003 Pretax Profit up 36% to $5.9 Million
### Press Release ###############################
Willis Lease Finance Net Income Up 16%
SAUSALITO, Calif.----Willis Lease Finance Corporation (Nasdaq:WLFC), a leading lessor of commercial jet engines, today reported net income rose 16% and pretax profit increased 36% in 2003 compared to 2002. Net income in 2003 was $4.2 million, or $0.47 per diluted share, compared to $3.6 million, or $0.41 per diluted share, in 2002. Pretax income in 2003 improved to $5.9 million compared to $4.3 million in 2002. Results in 2002 were significantly affected by a $4.1 million pretax net gain on debt prepayment in the fourth quarter.
Current Market and 2003 Highlights
"I am very pleased with the company's performance in 2003," said Charles F. Willis, President and CEO. "It wasn't easy, but we managed to stay on course despite the lingering effects of the downturn in the airline industry, the war in Iraq, SARS and more airline bankruptcies. The strong improvement in both the level and quality of our profits in 2003 was especially noteworthy given the difficult market conditions of the past two years. We set some tough goals at the beginning of the year to improve utilization, focus on cost control and develop other sources of revenue. Our people worked very hard, and we can see the results in our numbers.
"In talking with our customers I sense a feeling of optimism that I haven't heard for many months," said Willis. "Customers are talking about, among other things, adding capacity and needing to catch up on previously deferred engine overhauls. That has already translated into increased demand for our engines. At the moment, our most popular engine types are completely leased out except for those in the shop undergoing repairs."
Portfolio utilization showed significant improvement during 2003, hitting a high of 90% in October before settling to 88% at December 31 compared to 86% at the end of the prior year. Average utilization for 2003 was 87% compared to 82% in 2002. "Over the last two months, we have experienced quite a pickup in demand for our engines," said Donald A. Nunemaker, Chief Operating Officer. "As a consequence, our utilization rate at the end of January was higher than it has been at any time since August 2001, coming in at 91%. Given the mix between short and long term leases in our portfolio, a reasonable utilization target would be in the low ninety-percent range. While it is very gratifying to see that we are back in that range, our experience tells us that the utilization rate is subject to volatility from month to month as engines come on and off lease.
"We continue to focus most of our activity outside the United States, as only 11% of our lease revenue in 2003 came from U.S. customers, compared to 16% in 2002. Europe, at 45% of lease revenue, continues to represent the largest source of our lease revenue, followed by Latin America at 21%. At the beginning of 2003, we were quite bullish on China, but the SARS epidemic hit the Chinese carriers hard. Nevertheless, China has recovered remarkably quickly from the SARS disruption and remains one of our largest opportunities for future growth."
Results from Operations
Lease revenue in 2003 increased 3% to $57.0 million from $55.4 million. Sales of equipment generated gains of $2.4 million during the year, compared to $482,000 in 2002. Other income was $520,000 in 2003, compared to zero the previous year. Comparing 2003 against 2002, lease revenue was higher by $1.6 million, gains on sale of leased equipment were higher by $1.9 million and other income was up by $520,000. The year over year change in these revenue items totaled approximately $4.0 million. In 2002, the company recorded a $4.1 million net gain on debt prepayment.
Total expenses in 2003 decreased 3% to $54.0 million compared to $55.6 million in 2002. Depreciation increased 12% to $21.7 million from $19.4 million in 2002 because of changes in estimates of useful lives and residual values on certain older engine types. Writedowns of equipment were $1.3 million in 2003 compared to $3.1 million in 2002. General and administrative expense in 2003 dropped 4% to $13.9 million compared to $14.4 million a year ago. Net interest and finance costs declined 8% to $17.2 million in 2003 from $18.7 million a year ago. In 2002, the company recognized a one-time charge of approximately $700,000 associated with the refinancing of a debt facility. Excluding this charge, net interest and finance costs were down 5% reflecting the continuing favorable interest rate environment.
Pretax income rose 36% in 2003 to $5.9 million compared to $4.3 million in 2002. Income tax expense increased to $1.7 million from $738,000 in 2002 because of higher pretax income in 2003 and a tax benefit of $491,000 recognized in the fourth quarter of 2002 that reduced total income tax expense for that year. Net income in 2003 was $4.2 million compared to $3.6 million in 2002, an increase of 16%. Excluding the effect of the 2002 tax benefit, net income, on a comparable basis, increased 35% in 2003.
Fourth Quarter 2003 Results
Fourth quarter lease revenue was higher at $14.4 million compared to $14.2 million in the fourth quarter a year ago. Total revenue in this year's fourth quarter was $16.0 million compared to $18.2 million in the same period last year. Total revenue was lower in this year's fourth quarter due to the $4.1 net gain on debt repayment in the fourth quarter of 2002. This gain was partially offset by higher gain on sale of leased equipment and other income in the same quarter of 2003. Pre-tax earnings in the fourth quarter were flat at $1.9 million compared to the fourth quarter of 2002. Fourth quarter net income totaled $1.4 million, or $0.16 per share, compared to $2.0 million, or $0.23 per share, in the year ago period.
"Several factors influenced fourth quarter results in 2002, making direct comparisons difficult," said Monica J. Burke, Chief Financial Officer. "In addition to the $4.1 million net gain on debt repayment in 2002, the company recognized a $2.9 million writedown of equipment, and recognized a $491,000 tax benefit related to state income tax accruals," Burke noted.
Balance Sheet & Liquidity
At December 31, 2003, the company had 119 commercial jet engines, 4 aircraft parts packages and 7 aircraft in its lease portfolio with a net book value of $505.0 million, compared to $502.2 million at December 31, 2002, when the portfolio consisted of 120 commercial jet engines, 4 aircraft parts packages and 6 aircraft.
Assets totaled $560.0 million at December 31, 2003, compared to $543.0 million a year ago. Shareholders' equity increased 5% to $110.1 million, or $12.44 per common share at December 31, 2003, compared to $104.9 million, or $11.88 per common share, a year earlier.
The company had warehouse and revolving credit facilities totaling $344.0 million, with approximately $30.0 million available at year-end, compared to $375.0 million, with approximately $50.0 million available, a year ago. The company's funded debt to equity ratio was 3.29 to 1 at December 31, 2003, compared to 3.48 to 1 at the end of 2002. The company had $43.0 million of restricted and unrestricted cash and cash equivalents at December 31, 2003, compared to $27.3 million at December 31, 2002. "Capital management will be one of our key initiatives in 2004, and we are exploring alternatives to provide additional financial resources for growth," Burke noted.
About Willis Lease Finance
Willis Lease Finance Corporation leases spare commercial aircraft engines, parts and aircraft to commercial airlines and maintenance, repair and overhaul facilities. These leasing activities are integrated with the purchase and resale of used and refurbished commercial aircraft engines.
CONTACT:Willis Lease Finance Corporation Monica J. Burke, 415-331-5281
### Press Release ########################
Fitch Teleconf: Effect of California's Proposed 04-05 Budget on Local Govts Today @ 1:30 p.m. EST
Fitch Ratings-San Francisco Fitch Ratings will hold a teleconference to discuss Fitch's recently published report on the effect of California's proposed 2004-2005 Budget on local governments.
The call will take place today at 1:30 p.m. EST. Fitch managing director, Amy Doppelt will host the call and will also be joined by Mark Capell, director and Jenny Poree, analyst.
U.S. participants should call +1-888-266-4139 and non-U.S. participants should call +1-706-643-1860 five minutes prior to the 1:30 p.m. EST start time. The password is either 'Fitch' or '5703330'. In order to ensure there are sufficient telephone lines available, please use internal conferencing capabilities, if possible, for multiple listeners at a single location. A replay of the teleconference will be available two hours after call ends, until Friday, March 5 at the close of the business day at +1-800-642-1687 (U.S.) or +1-706-645-9291 (non-U.S.). The passcode for the instant replay is '5703330'.
If you would like to participate, please e-mail firstname.lastname@example.org.
Additionally, a replay of the teleconference will be archived on the Fitch Ratings web site for three months. Interested parties can find the appropriate link at the 'Company Events & Online Media' link which is located under the heading 'About Fitch' at 'www.fitchratings.com'.
Contact: Amy Doppelt +1-415-732-5612, San Francisco.
### Press Release #############################
Greenspan Warns Panel On Fannie, Freddie
Consumer confidence drops in February
Ex-Tyco CFO says loan covered home costs
Foreign accountants do U.S. tax returns
Ten Things Small Businesses Need To Know About Linux
“Gimme that Wine”
wine industry in decline
2004 forecast to be 'great year' for Cal. luxury wine profits
Virginia Shenandoah Valley Winery Association Launches Wine Trail
Costco Challenges Three Tier System in Washington State http://www.winebusiness.com/news/sitearticle.cfm?AId=83753&issueId=83706
Wine-makers free to use European names
NZ: Winegrowers expect record vintage
This Day in American History
=========Early American History=========
=========Civil War—including pre and post=========
=========World War I --pre and post=========
=========Early American History=========
1643 -- Dutch massacre of friendly Indians at Pavonia, near present-day Hackensack, New Jersey, is ordered by William Kieft, Governor of New Netherlands. 120 Wecquaesgeek men, women and children asleep in their wigwams die. Eyewitness David P. deVries noted:
"...about midnight I heard a great shrieking, and I ran to the ramparts of the fort... Saw nothing but firing, and heard the shrieks of the savages murdered in their sleep. When it was day the soldiers returned to the fort, having massacred or murdered 80 Indians, and considering they had done a deed of Roman valor, in murdering so many in their sleep; where infants were torn from mother's breasts, and hacked to pieces in the presence of the parents, and the pieces thrown into the fire and in the water, and other sucklings, being bound top small boards, were cut, stuck, pierced, & miserably massacred in a manner to move a heart of stone... “
1779- George Clark captures Fort Sackville at Vincennes, Indiana.
1791- the charter of the first bank of the US: The First Bank of the US at Philadelphia, Pennsylvania, Proposed as a national bank by Alexander Hamilton, it lost its charter in 1811. The Second Bank of the US received a charter in 1816 which expired in 1836. Since that time, the US has had no central bank. Central banking functions are carried out by the Federal Reserve System, established in 1913.
1804- the Democratic-Republican party held their first caucus and elected Thomas Jefferson of Virginia for president and George Clinton of New York for vice-president. The Federalist did
not have a caucus but supported Charles Cotesworth Pinckney of South Carolina and Rufus King of New York for vice-president. Jefferson received 162 electoral votes and Pickney, 14.
1824 -The Baptist General Tract Society was organized in Washington, D.C. In 1826 the society was moved to Philadelphia, and by 1840, the organization had issued over 3.5 million copies of 162 different tracts.
1825 – New Harmony, Indiana. Robert Owen announces New Harmony utopian plan in Indiana to government dignitaries in the Hall of the US House of Representatives.
1836- Samuel Colt obtained a patent for “ an improvement in revolving fire-arms.”
He had invented the revolving cylinder pistol in 1830 while he was traveling on the S.S. Carlo. With a pocket knife he whittled a wood model. He first obtained a patent from England in 1835. After his US patent, he formed the Patent Arms manufacturing Company of Paterson, NJ, capitalized at $230,000 to manufacture them The first revolvers produced by the factory were .34-caliber models. The company nearly failed in its first decade, but was revived by an order from the government in 1847 for one hundred revolvers to use in the Mexican-American War. The revolver was the first firearm that could be used effectively by a man on horseback. Colt set up a new factory in Connecticut and made a fortune after the war as ranchers, outlaws, prospectors, and lawmen stormed into the newly acquired Western territories with their six-shooters blazing.
1842 -- Famous woman lighthouse keeper Ida Z. Lewis born, Newport, Rhode Island.
She was the oldest daughter of the lighthouse keeper at Lime Rock in Newport, R.I., who assumed her father's responsibilities when he suffered a paralytic stroke when she was 15. By rowing her sister and brothers to school and get supplies from the mainland she became an expert oarsperson. Her ability to handle a boat even in the worst weather conditions enabled her to rescue dozens of people from capsized boats in Newport Harbor. Her fame spread throughout the country, and she was honored in numerous ceremonies. President Grant and dignitaries of her area paid their respects by personally visiting this great 19th century heroine. In 1879 after 22 years of keeping the Lime Rock Lighthouse she was officially designated the first woman Keeper of the Light.
=========Civil War—including pre and post=========
1859- the first temporary insanity defense in a criminal case was used by Daniel Sickles, a congressman from New York. On this date he shot and killed Philip Barton Key, the son of Francis Scott Key, author of “The Star-Spangled Banner,” after he learned the younger Key was having an affair with his wife. His lawyer, James T. Brady, offered the defense of “temporary insanity.” sickles was acquitted. He eventually became a general in the Civil War, in which he lost a leg, and served as minister to Spain.
1863- the first bank to take file as a National Bank under “an act to provide a national currency”
was the first National bank of Davenport, IA. Austin Corbin was the first president. For two days, the bank was the only national bank in operation under the new act.
1870- 1870-Hiram Rhodes Revels of Mississippi was sworn in as the first black U.S. senator and the first black representative in Congress. Revels was elected to fill the office vacated by Jefferson Davis. He served through March 1871, the remainder of Davis' vacated term. The first African-American to serve a full term in the U.S. Senate, Blanche Kelso Bruce (1875-1881), was also from Mississippi.
1873- Enrico Caruso, universally regarded as the world's greatest operatic tenor, was born in Naples, Italy. He became widely known in 1898 through his appearances in Milan, about three years after his debut at Caserta, near Naples, in the role of Faust. In 1902, he made his London debut and the following year he first appeared in the U.S. He was very well received and actually bought a house
here as he made many tours and was extremely popular.
Caruso made his first recordings in 1901, and was largely responsible for the public perceiving the phonograph as a home entertainment medium rather than a toy. His recording of "Vesti La Giubba (On With the Motley)" for the Victor Company in 1907 is believed to be among the first records to sell a million copies. For more than 30 years after his death in 1921, Caruso was one of the Victor company's top-selling artists. The 1951 film "The Great Caruso," with Mario Lanza, provided renewed interest in his records.
1874 -- Skokomish Indian reservation established (near Shelton, Washington).
1896-Singer/song writer Ida Cox (Ida Prather) born Toccoa, GA, Died 1967.
1900-pianist Hartzell “Tiny” Parham, born Winnipeg, Manitoba. Died April 4, 1943.
1910- Millicent Fenwick, the inspiration for Garry Trudeau's "Doonesbury" character Lacey Davenport, birthday. Former fashion model, author, member NJ General Assembly and US congresswoman, Millicent Fenwick was born at New York, NY. A champion of liberal causes, Fenwick pointed to her sponsorship of the resolution creating the commission to monitor the 1975 Helsinki accords on human rights as her proudest achievement. She fought for civil rights, peace in Vietnam, aid for the poor, reduction of military programs, gun control and restrictions on capital punishment. Fenwick, died at Bernardsville, NJ, Sept 16, 1992.
=========World War I --pre and post=========
1913 – Federal Income Tax: The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration. The 16th Amendment to the United States constitution was ratified on February 3 by Rhode Island (interesting it was a Republican bluff that brought the bill forward in the Rhode Island legislature, as they thought the Democrats would be crazy passing it),permitting the levying on income tax on individuals and businesses without apportionment on the basis of the population of states. It did not go into effect until February 12th. Officially the Secretary of State Philander Knox on February 25, 1913 declared it to be "in effect", but never stating it was lawfully ratified. There were many legal issues from the various states that were never resolved. The change did not come at once, however, for the first income tax law specified graduated rtes of 1 to 6% of income. It was a flat tax. There is controversy that not all the states ratified this amendment, although amendments to it were made
1918- “Bobby” Riggs birthday, tennis player born Robert Lormier Riggs at Los Angeles, CA. Riggs won the US National Singles Championship in 1939 and 1941, and won three titles at Wimbledon in 1939. After World War II, he turned pro successfully but won his great fame as the male sexist for a pair of “Battle of the sexes” matches in 1973. He won the first of these against Margaret Court and lost the second to Billie Jean King. Died at Leucadia, CA. Oct. 25, 1995.
1919-Oregon became the first state to impose a state gasoline sales tax, placing one cent per gallon on all motor fuel. The funds collected were used for road construction and maintenance.
1919 -Jazz cellist Fred Katz Birthday
1922- “Texas Rose” Bascom birthday, a Cherokee-Choctaw Indian born at Covington County, MS, Rose Flynt married rodeo cowboy Earl Bascom and learned trick roping, becoming known as the greatest female trick roper in the world. She appeared on stage, in movies and on early TV. She toured with the USO during WWII, performing at every military base and military hospital in the US. After the war she entertained servicemen stationed overseas. In 1981 she was inducted into the National Cowgirl Hall of Fame (located at Hereford, TX). She died Sept 23, 1993, at St. George, UT.
1922 - The temperature at Los Angeles, CA, soared to 92 degrees to establish a record for the month of February.
1924 - Ty Cobb, issued an edict to his team, the Detroit Tigers, forbidding players to play golf during training camp. A report in the Detroit Free Press said Cobb confiscated players’ golf clubs.
1927 -Pianist James P. Johnson first recording of “Snowy Morning Blues,” Columbia 14204-D)
1929-Saxophonist Tommy Newsom born Portsmouth, VA He is best-known for his playing in the Tonight Show Band of the 1960's, 70's and 80's where he occasionally was the butt of jokes as Doc Severinson's dim-witted sidekick. Newsom was always good-humored about it all, but this particular "gig" covered up the fact that he was actually a pretty talented tenor-saxophone soloist.
1938- Miami Drive-In Debuts: Miami’s first drive-In movie theater opened on this day. Invented in 1933 by Richard Hollingshead, the first drive-in debuted on Crescent Boulevard in Camden New, Jersey. Admission was 25 cents per car and 25 cents per individual, with no car paying more than one dollar. Hollingshead received a patent for his idea in 1933, but it was later repealed in 1939. Without a patent to hinder them, copycats began opening up drive-ins all across the country. By 1938, most metropolitan areas had drive-in theaters. The drive- in craze would reach its peak in 1963 when 3,502 theaters were in operation across the country. Today most drive-ins have been replaced by VHS and DVD as the most inexpensive way to watch a movie, or romantic encounter, plus land has become so expensive to prohibit the return of the investment and management.
1942 -- The US Navy orders Japanese American residents of Terminal Island near Los Angeles Harbor to leave in 48 hours. They are the first group to be removed en masse & suffer especially heavy losses as a result. http://www.janm.org/clasc/resources.htm
1943- George Harrison, former lead guitarist for the Beatles, was born in Liverpool, England. He was the guitarist and co-songwriter for the Beatles, alongside John Lennon, Paul McCartney and Ringo Starr. The band is considered to be the most influential rock and roll group of all time. Harrison is credited with introducing Eastern musical styles and instrumentation to Western Pop. After the breakup of the Beatles, Harrison embarked on a successful solo career, became an independent film producer (Time Bandits) and created on of the first charity rock concerts with his “Concert for Bangladesh,” which brought relief to flood victims of that country. His first project after the Beatles broke up in early 1970 was a three-record set, "All Things Must Pass," which contained the number-one single, "My Sweet Lord." In 1971, Harrison sponsored and was the host for two benefit concerts at Madison Square Garden in New York for the people of Bangladesh. The concerts, a documentary film and a Grammy Award-winning three-record set earned more than 10 million dollars, which was donated to UNICEF after a lengthy delay caused by legal problems. Harrison had another number-one hit in 1973 with "Give Me Love (Give Me Peace on Earth)," and his tribute to John Lennon, "All Those Years Ago," made it to number two on the Billboard Hot 100 in 1981. Harrison's 1987 comeback album "Cloud Nine," was a big hit, as was the single "Got My Mind Set On You." He died at Los Angeles, CA. on Nov 29,2001.
Besame Mucho - The Jimmy Dorsey Orchestra (vocal: Bob Eberly & Kitty Kallen
My Heart Tells Me - The Glen Gray Orchestra (vocal: Eugenie Baird)
Shoo, Shoo, Baby - The Andrews Sisters
Ration Blues - Louis Jordan
1946- Les Brown records “Lover’s Leap”: for Columbia
1950- pianist Mike Wofford born San Antonio, TX
1950- “ Your Show of Shows” premiered on TV. “Sid Caesar and Imogene Coca starred in the NBC 90-minute variety program along with Carl Reiner and Howard Morris. It started as a one hour show February 25, 1950. The show included monologues, improvisations, parodies, pantomimes and sketches of varying length. Some of its writers were: Mel Brooks, Larry Gelbart, Neil Simon and Woody Allen. It was my father's favorite show. He was general manager of WOR-TV in New York. We grew up enjoying "live TV." He was a friend of Carl Reiner and Howard Morris and the director
of the show was one of my father’s best friends, Irv Kirshner, who also directed the Jackie Gleason
Show, if my memory serves me correctly.
Cry - Johnnie Ray
Slowpoke - Pee Wee King
Anytime - Eddie Fisher
Give Me More, More, More (Of Your Kisses) - Lefty Frizzell
1957 - Buddy Holly and The Crickets traveled to Clovis, NM, to record "That’ll Be the Day" (one of the classics of rock ’n’ roll) and "I’m Looking for Someone to Love". Both songs were released on Brunswick Records in May of that year. Buddy Holly and the Crickets recorded "That'll Be the Day" at Norman Petty's studio in Clovis, New Mexico, after weeks of rehearsal. The record, released under the Crickets' name, was Holly's first million- seller, topping both North American and British charts.
The Theme from "A Summer Place" - Percy Faith
Handy Man - Jimmy Jones
What in the World’s Come Over You - Jack Scott
He’ll Have to Go - Jim Reeves
1961- Davey Allison, auto racer born at Hueytown, AL NASCAR’s rookie of the year, Allison won 19 races in 191 starts, including one Daytona 500. The son of racer Bobby Allison, Davey was killed in a helicopter accident on the infield of the racetrack at Talladega, AL, July 13, 1993.
1961- Elvis Presley played a charity concert in Memphis, his first performance since being discharged from the US Army almost a year earlier.
1963 -- Vee Jay Records, a small Chicago-based label, releases the first Beatles record in the US, "Please Please Me" backed with "Ask Me Why." A smash in the UK, barely noticed in the US.
"Please Please Me" was the second record released in the U.S. by The Beatles. Some labels carried a famous misprint, making it an instant, and valuable, collector’s item. The label listed the group as The Beatles.
1964 - Twenty-two-year old Cassius Clay won the world heavyweight boxing title by defeating Sonny Liston in the seventh round in Miami, FL. Clay had been an 8-1 underdog. In fact, only 8,297 fans showed up for the bout. http://news.bbc.co.uk/sport1/hi/boxing/specials/ali_at_60/1722098.stm
1965- Twenty-two-year-old Cassius Clay (later Muhammad Au) became world heavyweight boxing champion by defeating Sonny Liston . Asked how he would defeat Sonny Liston, “ Float like a butterfly, sting like a bee.” At the height of his athletic career Ali was well known for both his fighting ability and personal style. His most famous saying was, "I am the greatest!' A movie
was recently made about his career. In 1967 he was convicted of violating the Selective Service Act and was stripped of his title for refusing to be inducted into the armed services during the Vietnam War. Ali cited religious convictions as his reason for refusal. In 1971 the Supreme Court reversed the conviction. Ali is the only fighter to win the heavyweight fighting title three separate times. He defended that title nine times. He has devoted his life to helping others. Despite a crippling disease, he gives much time to promoting peace and bringing people together.
1966-Nancy Sinatra receives her first gold record for "These Boots Are made for Walkin'." She will share a gold record with her father Frank next year for "Something Stupid.
Love is Blue - Paul Mauriat
(Theme From) Valley of the Dolls - Dionne Warwick
(Sittin’ On) The Dock of the Bay - Otis Redding
Skip a Rope - Henson Cargill
1973 -Juan Corona sentenced to 25 life sentences for 25 murders
50 Ways to Leave Your Lover - Paul Simon
Theme from S.W.A.T. - Rhythm Heritage
Love Machine (Part 1) - The Miracles
Good Hearted Woman - Waylon & Willie
1977- dust reduced visibilities from eastern Virginia through the southeastern states to Florida between the 24th and 28th. The dust originated in the western Great Plains on the 22nd and 23rd with wind gusts above 100 mph reported at Guadalupe Pass, Texas, at White Sands, New Mexico, in Sherman County, Kansas, and in eastern Colorado.
1981 - Christopher Cross won five Grammy Awards at ceremonies in Radio City Music Hall in New York City. He was awarded the Album of the Year award for "Christopher Cross" and his hit, "Sailing", won for Best Arrangement Accompanying Vocalist(s), Record of the Year and Song of the Year. Christopher was also voted Best New Artist of 1980. All in all, a very good night for Mr. Cross...
1982 -Final episode of "The Lawrence Welk Show" airs.
1984 - "Ironweed", by William P. Kennedy, was awarded the Pulitzer Prize for fiction this day. The novel, about a man trying to make peace with the ghosts of his past -- and present, also captured the National Book Critics Circle Award for fiction. ("Ironweed" was made into a movie in 1987, directed by Hector Babenco, starring Jack Nicholson and Meryl Streep.)
Jump - Van Halen
99 Luftballons - Nena
Girls Just Want to Have Fun - Cyndi Lauper
Stay Young - Don Williams
1986 - "We are the World" captured four Grammy Awards. The song, featuring more than 40 superstar artists gathered at one time, was awarded the Top Song, Record of the Year, Best Pop Performance and Best Short Video Awards. Lionel Richie and Michael Jackson wrote the song, which was recorded by 45 celebrities. The record raised more than 33 million dollars for African famine relief.
1987- Frank Sinatra's appearance on "Magnum PI" gave the TV show its highest rating ever.
1988- Bruce Springsteen opened his "Tunnel of Love" tour in Worcester, Mass. Springsteen shed his working-man image, adopting the persona of a boardwalk carnie. He performed eight songs from the "Tunnel of Love" album plus an assortment of "B" sides, unreleased songs, cover tunes and new material. Songs from Springsteen's earlier albums were virtually ignored.
1989 - Mike Tyson stopped (knocked out) Frank Bruno in the fifth round in Las Vegas, Nevada. Tyson was the WBA, WBC & IBF Undisputed World Heavyweight Champ.
1989 - Thirteen cities in Florida reported record low temperatures for the date, including Jacksonville with a reading of 24 degrees. Severe cold in Florida claimed three lives, and resulted in 250 to 300 million dollars crop damage. Unseasonably warm weather prevailed in the central U.S. Dodge City KS reported record high of 80 degrees.
1990 - Snow spread across the northeastern U.S. Massachusetts was blanketed with 8 to 15 inches of snow, 5 to 10 inches was reported in Rhode Island, and totals in Connecticut ranged up to 10.5 inches at New Canaan. In central New York State, snow and high winds resulted in a number of chain-reaction multiple accidents, and a total of 108 persons were injured. Snow and high winds created white-out conditions along Interstate 87 in Saratoga County NY. Subzero cold was reported from Minnesota through Michigan to northern New England. Duluth MN reported a record low of 26 degrees below zero
1992- Natalie Cole's single and album "Unforgettable" captured seven Grammy awards, including best album, best record and best song. Victoria native David Foster was named producer of the year for the album and single. The title song of "Unforgettable" was an electronically-produced duet between Cole and her father, Nat (King) Cole, who died in 1965.
1992-Grammy awards, Vancouver rocker Bryan Adams won for best song written specifically for a motion picture or television - for "(Everything I Do) I Do It For You" from "Robin Hood: Prince of Thieves."
1993 - The Florida Marlins baseball team introduced their mascot, Billy the Marlin. According to Billy’s Web page (web7.sportsline.com/u/baseball/ flamarlins/kids/billyhome.htm), Billy’s favorite movie is "A Fish Called Wanda" and his favorite TV show is "Flipper".
1993 -the big snow season of 1992-93 continued to set records. Evansville, Indiana set a new monthly snowfall record on this date with 18.4 inches. 12.7 inches of snow fell in 24 hours at Columbia, Missouri to set a new 24 hour snowfall record for the month. Light snow at Pocatello, Idaho raised its seasonal snowfall total to 85.7 inches to set a new all-time seasonal snowfall record. The old record was 85.6 inches set in the 1983-84 season.
1995 - Madonna’s "Take a Bow" became the #1 single in the U.S. The smash hit was number one for seven weeks: “Take a bow, the night is over; This masquerade is getting older; Lights are low, the curtains down; There’s no one here.”
1997 - Directors of Bethel Bible Village met to decide whether to remove Pat Boone as a sponsor for the Pat Boone Celebrity Spectacular, a charity golf tournament the singer had supported for nearly 20 years. A few weeks earlier, Boone had turned from cotton-candy crooner to leather-clad heavy-metal rocker. Trinity Broadcasting, a Christian TV network, received so many complaints about his heavy-metal act that it canceled his weekly Gospel America show. However, he remained host of a Christian film and TV awards program. According to chairman Theodore Baehr of the Christian Film and Television Commission, "In white bucks or black leather, Pat Boone is still the same guy underneath".
1998-The Grammy’s were handed out during ceremonies at Radio City Music Hall. Bob Dylan won three Grammy’s, including one for Best Album for "Time Out Of Mind." Dylan's son, Jakob, also won an award, winning Best Song for "One Headlight," a song he recorded with his band, The Wallflowers. Also winning awards were John Fogerty, who picked up Best Rock Album for "Blue Moon Swamp," Elton John for Best Male Vocal for "Candle In The Wind 1997" and Van Morrison, who won one for Best Pop Collaboration for "Don't Look Back," a song he recorded with John Lee Hooker.
1999 - Television's highly popular Baywatch, watched each week in more than 100 countries, began a locale change for its 1999 season by filming on location in Australia. The show starred executive producer David Hasselhoff and a brigade of red swimsuit-clad lifeguards. On this date, TV producer Greg Bonnan attended a public meeting in Avalon Beach, a beachfront Sydney suburb. Some of the 1,700 people who attended were shouting, "Don't come here, leave us alone!" and "We don't want you here!" A fifth of the town's population turned out for the meeting, which appeared to split the community between younger Baywatch fans and older people who abhorred the invasion of privacy and inconvenience that film productions bring. Many residents were angered when security guards blocked off part of the beach and banned a surfer from the area. After the unruly meeting, Bonnan said he was considering invitations from other Australian coastal towns that welcomed the chance to put their beach on television screens worldwide.
1999 - In Malibu, Robert Butler, 37, a pilot for Torrance-based Bravo Helicopter and Wing who ferried a paparazzo over Barbra Streisand's wedding, was charged with swooping down too low over guests and disturbing the peace. Butler faced up to 270 days in jail and a $1,400 fine if convicted of reckless flying and disturbing the peace, prosecutors said. Of the more than 15 camera-laden helicopters that hovered over Streisand's wedding to actor James Brolin on July 1, 1998, Butler's was the only one that dropped below the legal 500-foot level, said the Los Angeles County Sheriff's Department. And that’s the way it is in Los Angeles.