Headlines--- Leasing
Associations----Looking for Opinions Classified
Ads---Sales Managers/Senior Management Pictures
from the Past---1997---Bob Baker, CLP Wildwood
Financial---$34,950 To Get Into Leasing IDS
Releases Enhanced InfoLease Module, plus Up-date 2002
New Business Volume shows 4.6% Decrease ELA
Starts Daily Newspaper Highlights Telemarketing
"Number” Hits 28 Million
Mark FTC
Publishes Web Site on Fraud Cases This Border ##### Denotes Press Release (Not Written By Leasing
News) ----------------------------------------------- Leasing Associations----Looking for Opinions Looking for comments on leasing associations. If you are a current member, or no longer belong, would like to hear from you. This is for the story on association membership, the first six months of 2003. kitmenkin@leasingnews.org. ------------------------------------------------------------------------------------ This Weeks Economic Events July 28 Monday National Prayer for Business Tuesday July 29 Consumer Confidence: July July 30 WEDNESDAY Beige Book July 31 THURSDAY G.D.P.2nd Qtr. August 1 FRIDAY Weekly Jobless Claims Personal Income: June Classified Ads---Sales Managers/Senior Management Sales Manager: Atlanta, GA 30 years in transportation Finance with strong management/
sales background. Represented company on national & region markets.
Started two successful operations- produce profits and growth. Email:pml@mindspring.com Sales Manager: New York, NY I have over 25 years owning an independent leasing company
that specialized in truck leasing. Tow trucks, Limos, ambulances, tractors,
etc.. Email:rfleisher@rsrcapital.com Sales Manager: Portland, OR. 18+ yrs w/bank leasing
company. Supervised 14- 20 sales people. Willing to relocate for the
proper position. Or, seeking sales position in current location (13+yrs
direct sales). email:pthygeson@netscape.netpthygeson@netscape.net Sales Manager: Seattle, WA Senior level sales professional w/ (20) plus experience in
mid market financing & leasing. The last (8) plus years being self
employed in middle market brokerage. Email:markhenley@qwest.net Senior Management: Long Island, NY Degree Banking/Finance. 13 years leasing exp. Now prez young
leasing company where promises were not met. Interested in joining established
firm with future. Email:bob33483@yahoo.com Senior Management: Baltimore, MD 25 year veteran of commercial and equipment leasing seeking
a senior management position with leasing or asset based financing company
in the southeast (Florida preferred) email: kellogg_md@yahoo.com Senior Management: San Francisco, CA., 25 years experience
w/global leasing company, sales,marketing,business dev., P&L responsibility,
asset mgmt, brokering and remarketing. Interested in joining an est.
firm with a future. email:rcsteyer@yahoo.com Senior Management: Portfolio Management Consultant;
25+years experience in Collections, Customer Satisfaction, Asset Management,
Recoveries, Continuous Process Improvement, Backend Revenue Generation,
Cost per Collection Analysis. $5+Billion Portfolio expertise. email:
efgefg@rogers.com Full list, 68 Classified Ads, at http://65.209.205.32/LeasingNews/JobPostings.htm ------------------------------------------------------------------------------------------------ Pictures from the Past---1997---Bob Baker, CLP
http://two.leasingnews.org/imanges_uael_wael/Baker,Bob.jpg Wildwood Financial---$34,950 To Get Into Leasing Recently Leasing News has received many inquiries on becoming
a leasing broker, or starting a leasing company. Viewers to our website realize that they can contact “Kit Menkin Live” or ask questions. There are companies and individuals who provide such services
to start a leasing company or become a “lease salesman.” One that we recommend appears to be the most
expensive: $34,950 for training.* ( As a side note, we recommend to
all to join a leasing association, and if they want to be serious about
their new occupation, to become a Certified Leasing Professional.) There are three professional sales trainers who serve on
the Leasing News Advisory Board. In addition to Bob Baker, CLP, the other
two are Phil Dushay, Global Leasing, who is a “super broker,” plus offers
a sales program for $14,995** training session, and Bob Teichman, CLP,
Teichman Financial Training, who not only conducts workshops, gives
training sessions, but acts as a consultant in the formation of leasing
companies.. We have several readers who are also engaged in similar
services such as Jeffrey Taylor, who is not only a sales trainer, conductor
of workshops, USA and international, but is a published author. One of the reasons we often recommend Bob is that he is active in leasing associations, and for a number of years, has been the “winner”
of many leasing association membership contests as he has students join leasing
associations. ### Press Release############################################### In 1995, after being in the finance and leasing industry
for over 30 years, he formed the Wildwood Financial Group, Ltd. The concept of Wildwood was created by accident.
Bob was a frequent speaker conducting seminars and workshops
at various leasing association conferences.
After a Bob’s sessions at these workshops, several companies
approached him to do in-house training. It quickly became apparent that a decision needed
to be made to run his leasing company or concentrate on training, so
he made the decision to form Wildwood and concentrate 100% of his efforts
in the training industry. Bob has done training for the majority of
the major leasing companies in the country, as well as conducted training
for hundreds of leasing professionals through his continuing workshops
and seminars at conferences. Bob
was the 33rd person to receive the prestigious CLP (Certified
Lease Professional) certification and shortly after, he began Wildwood,
and he expanded training to include preparation for the CLP examination.
Bob had a very close relationship with Bill Granieri, who
was considered by many, to be the foremost trainer in the leasing industry.
Bob sought Bills advice in the expansion of his business.
Bob then made the decision to create a “Business Opportunity”
for individuals who wished to enter the equipment leasing industry.
He began monthly training in the form of a three-day school in
St. Louis where Wildwood is based. The Wildwood business opportunity consists of
three days of intensive training, which includes the cost of the hotel
rooms and meals, etc. as well as all of the essential tools i.e. books,
calculators, software, training manuals etc.
Another key to Wildwoods success is that graduates of his program
were able to have immediate access to several of the primary funding
sources that agreed to waive their time in business requirements.
This allowed them to avoid the normal issue of super brokers
that a new person entering the leasing industry would encounter. The last component, which Bob considers the most important, is the
support that he and his staff supply to his graduates. For 6 months, the support is very pro-active,
and Bob or a member of his staff contacts each graduate at least once
a week. Support after the 6 months
continues at no additional charge whenever a graduate needs guidance
or assistance. Wildwood also
conducts training for banks, and insurance companies, as well as giving
“expert” testimony in litigation related to equipment leasing. Even though Bob will not disclose the exact number of individuals
he has trained, he did state that several hundred have completed the
Wildwood training. Bob, without
question, has brought more new members to the leasing associations than
any other individual or company in the industry.
Wildwood wins their membership contest virtually every year. During his career, Bob Baker has served as a Regional Chair
several times for UAEL, has served four years on the Board of Directors
for United Association of Equipment Leasing, and is currently serving
on the 2002 Board. Bob was also Director of Education for the National
Association of Equipment Leaisng Brokers for several years. He has produced
a full series of training tapes and a workbook for NAELB, and has served
on the Advisory Boards for Colonial Pacific Leasing, Business Credit
Leasing (BCL), Denrich Leasing, and The Manifest Group.
Bob shared with me, that out of all the awards he has received,
the one that he considers the most precious, was being the first recipient
awarded the “Bill Granieri Top Gun Memorial Award” in 1998, which was
established by the NAELB shortly after Bills death from cancer.
Many of the individuals that Bob has trained at Wildwood
have formed extremely successful leasing companies, some have volunteered
to be Regional Chairs for the Leasing Associations, and several have
earned their CLP certification. Many
consider the Wildwood Financial Group, Ltd., to be considered the premier
lease training company in the United States today.
If you are interested in learning more about Wildwood, you
can visit their website at www.wildwoodfinancial.com,
or you can certainly call Bob at Wildwood Financial Group, Ltd. in St.
Louis, Missouri at (800)-373-3581 or contact him at baker@wildwoodfinancial.com. ### Press Release ################################################# * http://www.wildwoodfinancial.com/investment.html ** http://www.globalbrokersystems.com/program-details.html ---------------------------------------------------------------------------------------- IDS Releases Enhanced InfoLease Module Customer Care 4.2 offers increased screen customization MINNEAPOLIS, Minn., USA, International Decision Systems
Inc. (IDS) announced today its newest release of Customer Care
the only Web-enabled solution allowing financial services companies,
equipment dealers and vendors to link to InfoLease (the world¹s premier
lease/loan portfolio and asset management system) to check real-time
account information such as balances, payment and billing status,
due dates and amounts, and request buyout quotes. Customers can also use
Customer Care to access their account information without having to call a
customer service representative enabling financial service companies to
offer 24/7 client support without additional call center costs. Using Customer Care 4.2¹s intuitive, customizable screens
and enhanced security, lessors can now create access levels tailored to
each user-type. For example, customer access to account information can be
restricted to only the information the system administrator wants the customer
to see. Vendors and dealers will see only their specific client accounts;
while a customer service representative may have access to information
on every account. In addition, Customer Care 4.2 offers the ability for dealers
to access account, customer, contract and asset information previously
available only to internal InfoLease users. ³For example, dealers can view
and exchange messages in real time with internal customer service staff,
so everyone concerned knows the exact status of each contract in real
time,² explains IDS Director of Product Management Carol Nelson. ³Customer
Care truly provides vendors and dealers with customer information at
their fingertips, which they need to effectively run their business.² Customer Care 4.2 also allows system administrators the ability
to add or delete fields, and insert their company¹s unique terminology
into field names and descriptions, rather than using Œstandard¹ terms.
With the release of Customer Care 4.2, IDS also announced
that it now supports BEA WebLogic Express, an industry standard Java
Servlet Engine on which Customer Care 4.2 runs. ³By offering WebLogic Express
support, IDS customers can use existing infrastructure rather than having
to buy a new server or server application software,² Nelson says. For more information about Customer Care 4.2, or to arrange
for a demonstration, call IDS Marketing Director Deb Marshall at
612-851-3438 or visit www.idsgrp.com. About International Decision Systems International Decision Systems (IDS) is the global leader
in developing lease/loan accounting and portfolio management software and
services. With offices in the United Kingdom; Minneapolis, MN; Sydney, Australia
and Singapore, IDS offers the largest and most experienced global
consulting, implementation and technical support teams in the leasing
industry. InfoLease, the world¹s premier lease/loan portfolio and asset
management system, comprises the foundation of IDS¹ product line. With
a web-enabled front-end and more than 70 custom add-on solutions, InfoLease
is the most adaptable and scalable lease/loan technology available in
today¹sarketplace. IDS¹ parent company, IDS Group plc, is publicly traded on
the London Stock Exchange (IDGL). For additional information about International
Decision Systems and IDS Group plc, visit www.idsgrp.com <http://www.idsgrp.com/>
. IDS and InfoLease are registered trademarks of International
DecisionSystems. (Bidding for company continues to go up in price, with the
parent directors along with Twin Engineering with the most control. It appears Capital Stream does not have enough “cash” at this time to win the
bid. Present customers appear to be quite happy with the results so far.
editor ) ### Press Release ############################################### -------------------------------------------------------------------------------------------------- ELA Members 2002 New Business Volume shows 4.6% Decrease The largest United States equipment leasing association latest
survey of its members finds those who participated in it reported both
2001 and 2002 new business volume showed a 4.6 percent decrease year
over year. The Equipment Leasing Association survey, gained primarily
from members who participated
in the survey, report their portfolio performance remained “steady,”
but also noting with 96.3 percent of average receivables current (less
than 30 days past due). Average receivables in 2001 reported at 97 percent.
The annual SIA provides key statistical, financial and operation information for equipment
leasing and finance organizations who are members of ELA. "Industry leaders would agree that the last two years'
down cycle was severe, yet most players are optimistic about the future,"
said ELA Chair Ed Dahlka, President, LaSalle National Leasing Corp.
http://two.leasingnews.org/imanges_uael_wael/lane_dalkha.jpg http://www.leasingnews.org/pictures_past/past_01-16-03.htm "The next year, 2004, will be a key recovery year and
the leasing industry has much to look forward to as they focus on operational discipline
and excellence," Dahlka predicted. Other key findings: * Profitability for
the leasing industry declined as seen by average return on equity (ROE) settled at 11.2 percent, and
return on assets (ROA) was 1.2 percent. In the 2001 survey, respondents
reported Average return on assets (ROA) is 1.6 percent; return on
equity (ROE) is 13.7 percent. * In 2002 bank lessors,
in particular, showed a decline of 12.9 percent compared to captive lessors experiencing modest growth
of 2.4 percent. Independent and financial services leasing companies
were stable at 0.2 percent growth. * The top three end-user
industries of new business volume are: industrial/manufacturing, wholesale/retail and the other
services excluding health. * The average charge-off
reported was 1.4 percent of the average net lease receivables balance, an increase over previous
years when charge-offs ranged between 0.7 percent and 0.9 percent. "The survey results show that the U.S. equipment leasing
industry, while challenged by economic conditions, remained in fairly good
shape regardless of the slight contraction," said Michael
Fleming, Equipment Leasing President.
http://two.leasingnews.org/imanges_uael_wael/Mike.jpg http://www.leasingnews.org/pictures_past/past_9-20-02.htm "We expected these figures as equipment leasing is a strategic financing option, whose value-added services such
as asset management and equipment remarketing, help businesses beyond
just acquiring equipment, “Fleming said. “ Its flexibility is
unparalleled, and we expect lease financing to become a financial mainstay of businesses
emerging from the economic slump who cannot wait any longer to upgrade
or acquire new equipment." ELA survey results were compiled from responses from 131
companies in one of four market segments that were determined based on
the typical transaction size of a majority of their lease volume, it
was reported. The 2003 survey participation rate was on par with the 2002
Survey; 75 percent of the 2003 respondents also submitted a response to the 2002 survey.
The SIA provides aggregate data for all respondents to the survey.
The four market segments include: micro-ticket (transactions less
than $25,000), small ticket (transactions between $25,000 and $250,000),
middle market (transactions between $250,000 and $5 million) and large
ticket (transactions greater than $5 million). In addition, the
data is analyzed and presented by the category of respondent organization:
bank, independent or captive, and specific industry sector such
as: transportation, agriculture, computers, furniture, medical,
and telecommunications. Charts to the story http://two.leasingnews.org/temporary/SIA%202003%20charts.ppt ----------------------------------------------------------------------------------------- Cartoon---
http://two.leasingnews.org/cartoons/lease.jpg ------------------------------------------------------------------------------------------- *** announcement************************************ Equipment Leasing Association Starts “Daily Newspaper
Highlights” As part of its ongoing
commitment to bring ELA members the most important news and information from around the equipment leasing and finance
industry, ELT will debut ELT E-News Daily today. This new daily e-mail html-based newsletter replaces the
one-per-week ELT E-Leasing Newsletter and Industry News Weekly with
a single, daily publication that combines the best of both. You still
get summaries of articles culled from hundreds of newspapers, magazines and websites, important
press releases from companies that matter, and the ELA-related news that only
ELT can deliver. ELA and ELT would like to thanks the sponsors and advertisers
who helped make ELT's E-Leasing Newsletter and Industry News Weekly the premiere
e-mail news vehicles for the leasing industry, including Nassau Asset
Management, Southfork Asset Management, ChoicePoint, and the PFG Capital Markets
and Services a division of Information Leasing Corporation. Amy Miller Holmes,
ELA's Vice-President of Communications, edits ELT's E-leasing Newsletter. If you have questions or comments relating
to ELT's E-Leasing Newsletter, please email her at aholmes@elamail.com. (Note: There are many such newspaper and magazine services
on the internet, provided by several companies for specific industries.
One of the best on wine is by cavemaster.com, for a sample, please go here: http://www.cavemasters.net/news.htm ------------------------------------------------------------------------------------------
Two Version:
Free ( text format) $59.95 yr
( html/website) Free 30 Day Trial
Leasing News remains free in “text format” sent early morning
Monday to Friday ( most of the time.) If you don’t want to scroll through the text but click on
headlines, sees the pictures, graphs immediately, and have all the features
of the website, then you want the up-grade version. http://www.leasingnews.org/contact_us_news.htm Otherwise
it is “free”, and will remain “free” in the text version sent out
normally at 2am, Monday through Friday, with the latest news from
many of the country’s business sections; although most of our
information comes from readers. Give
us a try, if you are not
one of our regular 5,000 eMail readers or viewers to our website
where Leasing News is also posted daily www.leasingnews.org ------------------------------------------------------------------------------------------------
Telemarketing “Number” Hits 28 Million Mark 28 million telephone
numbers with the National Do Not Call Registry: 22.5 million via the
Internet, and 5.5 million via
the telephone. To sign up, go to : www.donotcall.gov You may also try to call: 888-382-1212. The list may stop many, but not all telemarketing calls as
charties,surveys and some businesses are exempt. Leasing credit cards and “automatic approvals” pending up-dating information are not exempt. ------------------------------------------------------------------------------------------------------- FTC Publishes Web Site on Fraud Cases By dc.internet.com Staff The Federal Trade Commission (FTC) is detailing its telemarketing
fraud efforts with a Web site summarizing the status of 42 cases since
the beginning of this year. The site also contains a list of cases involving
telemarketing that have had developments since Oct. 1. with links to
press releases concerning each of the cases. http://www.ftc.gov/bcp/conline/edcams/telemarkfraudenforcement/tsrsummary.html The site does not contain enforcement information on the
newly implemented National Do Not Call Registry. Once enforcement of
the Registry begins on Oct. 1, those actions will be announced on the
main FTC Web site. "The actions detailed on this new Web page demonstrate
the Commission's ongoing commitment to fighting telemarketing fraud,"
said Howard Beales, director of the FTC's Bureau of Consumer Protection.
"Consumers should be wary of marketing claims that sound too good
to be true, and they should contact the FTC when they see problems."
Beale said that in addition to helping consumers learn about
the FTC's enforcement actions, the Web page provides consumers with
easy access to information about the specific frauds perpetrated using
telephone calls and the types of fraud prosecuted by the Commission.
The FTC enters Internet, telemarketing, identity theft, and
other fraud-related complaints into Consumer Sentinel, a secure, online
database available to hundreds of civil and criminal law enforcement
agencies in the U.S. and abroad. -------------------------------------------------------------------------------------------- Streamline Tax Doubleheader by Dennis Miller,
Equipment Leasing Association The past two weeks have been a Streamline doubleheader. The
Streamlined Sales Tax Project (SSTP) met Thursday, July 17 and Friday,
July 18 in Savannah followed by the National Conference of State Legislatures (NCSL) Task Force on State and Local Taxation of Telecommunications
and Electronic Commerce (Task Force) in San Francisco. Discussions
of Streamline continued for 6 days during the NCSL Annual Meeting
until a Streamline resolution was formally adopted at end of the
week. This update will cover: * SSTP Reviews Issues
* NCSL Task Force * New Hampshire Protests
* The Great Debate * Task Force Chair Now
NCSL President-Elect * ELA Personal Note SSTP Reviews Issues Little new ground was broken during the SSTP deliberations.
A final vote on defining the Digital Equivalent of Tangible Personal
Property was pushed back when the National Cable & Telecommunications
Association and Comcast raised sufficient questions that SSTP leaders
will consult with them before the next meeting in Chicago. In addition, the sourcing of services session descended into a veritable tailspin of
bewildering scenarios and shifting opinions. Documents relating to sourcing of services will be refined prior to the Chicago meeting when
another inconclusive session is likely to occur. Approval was given to a Sales Tax Holiday issue paper that
amends the Streamlined Sales and Use Tax Agreement together with a registration issue paper. NCSL Task Force The annual gathering of state legislators was a marathon
for those involved in SSTP. It
began with two days of intense discussions at the NCSL Task Force about linking Business Activity Tax (BAT)
protections to congressional legislation authorizing Streamline to collect
from remote catalog and Internet sellers. These deliberations concluded with adoption of a position paper opposing such linkage. NCSL opposes federal preemption of state sovereignty in any
area state legislatures deem reserved to states under federalism.
Anxiety was triggered by fear that congressional legislation as yet unwritten
might infringe on the underpinning of corporate taxation that may jurisdictions, especially non-sales tax states, consider
vital to gaining revenue in absence of a sales tax. It is not surprising that protection of state sovereignty brings the 45 sales tax states
together with non-sales tax states in voicing dissent when federal
BAT mandates are mentioned. New Hampshire Protests Another four days of review before the NCSL Executive Committee, standing committees and the full membership business meeting,
ended with approval of the policy position supportive of Streamline
and opposing linkage to BAT protections. However, this did not occur until New Hampshire spoke in opposition at the full assembly of states
on Friday, July 25. Delaware, New Hampshire and Oregon [non-sales tax states]
have expressed support for Streamline as a voluntary arrangement between
sales tax states but have balked at the prospect of a congressional
mandate they believe might impede use of corporate income as a revenue
source. It was heartening to see only one non-sales tax state oppose continued
NCSL support for Streamline. In
a vote 38-2 only Colorado joined New Hampshire in opposition. The Great Debate One of the most entertaining episodes in the history of Streamline
came when NCSL Task Force Chair Senator Steven Rauschenberger
(R-Illinois) debated Grover Norquist of the Americans for Tax Reform.
Showing a startling lack of knowledge about Streamlined Sales Tax,
Norquist described Streamline at times as a cartel that must be stopped
and repeatedly equated it with tort reform. At one point he equated Streamline supporters with people that favor abortion. Although
I never recall a union representative attending an SSTP meeting,
Mr. Norquist also pronounced the Streamline effort to be a labor union
backed initiative to raise revenue. Grover Norquist was unabashed about not knowing details of
the proposal and informed the audience that he felt no need to be acquainted
with provisions of the Sales & Use Tax Agreement before debating
and denouncing it. The
leader of Americans for Tax Reform may not have impressed an audience conversant with Streamline but state
legislators acquainted with sales tax law are not his base of support.
Washington D.C. based ideologues such as Grover Norquist will play a
major role in determining if congress sanctions the agreement. Task Force Chair Now NCSL President-Elect NCSL Task Force Chair Senator Steven Rauschenberger (R-Illinois)
was voted NCSL President-Elect. His dedication to the Streamline process advancing state sovereignty was cited as one impetus for
his elevation. He will assume the office of NCSL President in two years.
ELA Personal Note Equipment Leasing Association (ELA) members have benefited
immeasurably by the tireless work on Streamline by ELA State Government
Relations Committee Chair Valerie Guerrieri of CIT. Following her wedding last week, Valerie Guerrieri is now Valerie Pfeiffer. I join other
ELA members in congratulating her. Dennis Brown DBROWN@ELAMAIL.COM Equipment Leasing Association http://www.elaonline.com/GovtRelations/State/Streamometer/ ---------------------------------------------------------------------------------------------- News Briefs--- Study: 1 in 5 Laid Off During Recession http://www.washingtonpost.com/wp-dyn/articles/A54918-2003Jul28.html Number of teenagers looking for jobs is the lowest since 1948 http://www.stltoday.com/stltoday/business/stories.nsf/Business/485097947ACB309086256D6E 0031D2AA?OpenDocument&Headline=Number+of+teenagers+looking+for+jobs+is+the+lowest+since+1948 30-year mortgage rate makes significant leap http://business.boston.com/business/globe/articles/2003/07/25/30_year_mortgage_ra Harley to Open Throttle for Centennial http://www.bayarea.com/mld/mercurynews/business/6398530.htm ------------------------------------------------------------------------------------------------
This Day in American History 1746-Thomas
Heyward birthday, American Revolutionary soldier, signer of the Declaration
of Independence. Died Mar 6, 1809. http://virtualology.com/thomasheyward.com/ http://www.colonialhall.com/heyward/heyward.asp http://www.charlestonmuseum.org/heyward.asp http://www.jaspersc.org/pointsofinterest2.html 1777-Vermont
enacted the first universal voting rights to freemen without restriction
as to property or wealth. The
state constitution adopted at a general convention at Windsor, VT.,
permitted all freemen who were natural-born citizens over 21 years of
age to elect officers and to be elected to office. 1841-
forces from the national bank movement received a glimmer of hope as
the Senate narrowly passed the Fiscal Bank Bill. An initiative of the
embattled Whig party, this bill called for the creation of the Fiscal
Bank of the United States, a federal financial institution to be located
in the District of Columbia. The bank's starchy name barely disguised
the ideological intent of its inventors: the Whigs sought nothing less
than the revival of the Second Bank of the United States, the ill-fated
institution that Andrew Jackson had putatively killed in the name of
states' rights earlier in the 1830s. The bill to establish a Fiscal Bank of the U.S.
was introduced in the Senate, an approved this day by the Sentate and
the House, August 6. For a brief spell during the summer of 1841, it
looked as though the Whigs would have their day; however, despite the
Fiscal Bank Bill passing through the House in early August, the legislation--and
its Whig advocates--was doomed to failure. On August 16, President John
Tyler, a staunch state supporter, announced that he was vetoing the
bill. The legislation bounced back to the Senate, but the Whigs failed
to marshal sufficient support to override Tyler's veto. The Whig leadership was enraged by Tyler’s veto. They believed
Tyler had agreed to sign the bill and that he had reneged on a promise 1858-Four British
and American ships spliced a telegraph cable together on this day in
1858, then set sail for home the following day. The cable was laid out
until the ships reached Ireland and Newfoundland. The cable, which stretched
more than 1,950 miles and was laid as deep as two miles under the ocean
in some places, established transatlantic telegraph communication, and
an initial message was exchanged by President James Buchanan and Queen
Victoria in August. However, the cable's weak signal was insufficient
for regular communication and service ended on September 1. 1864-Confederates
under General John Bell Hood make a third attempt to break General William
T. Sherman's hold on Atlanta. Like the first two, this attack failed,
destroying the Confederate Army of Tennessee's offensive capabilities. Hood had replaced Joseph Johnston as commander of the Army
of Tennessee on July 18, 1864, because Johnston had failed to keep Sherman
away from Atlanta. Upon assuming command of the army, Hood quickly scrapped
Johnston's defensive strategy and attacked Sherman, first on July 20
at Peachtree Creek, and then on July 22 at the Battle of Atlanta. Both
failed, but that did not deter Hood from making another attempt to break
the Union hold on the important Southern city. When Sherman sent General
Oliver O. Howard southeast of Atlanta to cut the Macon and Western Railroad,
one of the remaining supply lines, Hood sent Stephen D. Lee's corps
to block the move. Lee attacked at Ezra Church, but the battle did not
go as planned for the Confederates. Instead of striking the Union flank,
Lee's corps hit the Union center, where the Yankee troops were positioned
behind barricades made from logs and pews taken from the church. Throughout
the afternoon, Lee made several attacks on the Union lines. Each was
turned back, and Lee was not able to get around the Union flank. The
battle was costly for an army that was already outnumbered. Lee lost
3,000 men to the Union's 630. More important, Hood lost his offensive
capability. For the next month, he could do no more than sit in trenches
around Atlanta and wait for Sherman to deal him the knockout blow. http://www2.cr.nps.gov/abpp/battles/ga018.htm http://www.civilwarlandscapes.org/cwla/states/ga/ez/ez.htm http://www.southernartcreations.com/cwbf6g.html 1868-14th
amendment ratified, former slaves become United States citizens. http://memory.loc.gov/ammem/today/jul28.html 1901-Birthday
of Rudy Valle. American singer, saxophone player and radio idol of millions
during the 1930s. Born Hubert Prior Vallee, at Island Pond, VT, the
crooner used a megaphone to amplify his voice and introduced his performances
with the salutation, "Heigh-ho-everybody!" Vallee appeared
in a number of movies, including How to Succeed in Business Without
Really Trying. Among his best-remembered songs are "I'm Just a
Vagabond Lover," "Cheerful Little Earful," "Say
It Isn't So" and his signature song, "My Time Is Your Time."
Vallee died at age 84 at North Hollywood, CA, July 3, 1986. 1891-Birthday
of blues singer Mary McBride,
Algiers, LA 1903-The
Saint Luke Penny Savings Bank, Richmond, VA, was founded by the first
bank president who was a woman, Maggie Lena Walker, the daughter of
an African-American salve. It
had a paid-in capital of $25,000. The first day’s deposits exceeded
$8,000. the bank later became the Consolidated Bank and Trust Company.
She died December 15, 1934. http://www.distinguishedwomen.com/biographies/walker-ml.html http://www.search.eb.com/women/articles/Walker_Maggie_Lena.html http://www.nps.gov/malw/details.htm
http://www.vahistorical.org/education/maggiewalker.htm 1904-brithday
of Ikey Banjo” Robinson, Dublin
VA. Died Oct 25, 1990 http://www.jazzbanjo.com/jbartist/artists/bikey.htm
http://www.redhotjazz.com/ikeywc5.html http://www.rainerjazz.com/Interpreten/Robinson_I_003.htm http://www.venerablemusic.com/JazzN-ZRecordPages/DOCU_1508.htm 1914-World
War I beings. Archduke Francis Ferdinand of Austria-Hungary and his
wife were assassinated at Sarajevo, Bosnia, by a Serbian nationalist
June 28, 1914, touching off the conflict that became
WWI. Austria-Hungary declared war on Serbia July 28, the formal beginning
of the war. Within weeks, Germany entered the war on the side of Austria-Hungary
and Russia, France and Great Britain on the side of Serbia. 1907-
birthday of Leon Prima trumpet New Orleans LA, died 1985. older brother of Louis Prima was also a trumpeter & band
leader; Leon ran several Bourbon Street night spots, including the Shim
Sham Club (229 Bourbon) and the 500 Club (whose house band was led by
Sam Butera - before Sam headed to Las Vegas to join Louis Prima's band
in 1954) http://www.lib.umd.edu/LAB/JERRYLEE/bands/fi/00000032.html 1924-Birthday
of tenor sax player Corky Corcoran, Tacoma, WA Died October 3, 1979. http://shopping.yahoo.com/shop?d=product&id=1927148788 http://www.thejukejoint.com/corkycorcoran.html http://www.classicjazzguitar.com/albums/artist_album.jsp?album=897 http://icg.harvard.edu/~lab80/handouts/themole.html 1929-birthday
of Jacqueline Bouvier Kennedy
Onassis. She studied at Vassar, the Sorbonne, and George Washington
University before marrying John Kennedy. She was basically
a shy and retiring person who was hounded by the paparazzi. She was
particularly admired for her dignified elegance and cool composure after
the assassination (Nov. 22, 1963) of her husband President John F. Kennedy. She is buried next
to JFK and her first son at Arlington cemetery. She became a working
editor for a major publishing company and raised her two Kennedy children
away from the public eye and away from scandal. (lower half of: http://memory.loc.gov/ammem/today/jul28.html
) 1930
-114ø F (46ø C), Greensburg, Kentucky (state record) 1931-Congress
makes "The Star-Spangled Banner" our 2nd national anthem http://lcweb.loc.gov/exhibits/treasures/trm065.html 1932-
Some 15,000 unemployed veterans of World War I marched on Washington,
DC, in the summer of 1932, demanding payment of a war bonus. After two
months' encampment in Washington's Anacostia Flats, eviction of the
bonus marchers by the US Army was ordered by President Herbert Hoover.
Under the leadership of General Douglas MacArthur, Major Dwight D. Eisenhower
and Major George S. Patton, Jr (among others), cavalry, tanks and infantry
attacked. Fixed bayonets, tear gas and the burning of the veterans'
tents hastened the end of the confrontation. One death was reported. 1933-
The first singing telegram, said to have been delivered to singer Rudy
Vallee on his 32nd birthday. Early singing telegrams often were delivered
in person by uniformed messengers on bicycle. Later they were usually
sung over the telephone. 1934-
118ø F (48ø C), Orofino, Idaho (state record) 1936-Birthday
of bassist Jim Hughart Minneapolis MN http://www.jazzatfitzgeralds.com/hughart.html http://www.jazzography.com/gallery/Jimmy_Hughart.html http://rewards.artistdirect.com/music/artist/card/0,,446232,00.html 1938
-For the second consecutive day, Hank Greenberg hits two homers in one
day. The Tiger first baseman will hit two home runs in the same game
a record setting eleven times during the season. 1939
- Accompanied by the Victor Young Orchestra, Judy Garland sang one of
the most famous songs of the 20th century. The song "Over the Rainbow,"
recorded for Decca Records, became Garland's signature tune and will
forever be linked with the singing actress. For those who don't know,
"Rainbow" was featured as the musical highlight of the hit
movie, "The Wizard of Oz". 1941
- Judy Garland, 19, married composer David Rose, 31, in Las Vegas on
this date. It was Garland's first marriage. 1943-Birthday
of William Warren “Bill” Bradley, former US senator , presidential candidate,
and Basketball Hall of Fame forward, born Crystal City, MO. 1945---Top
Hits The More I See You - Dick Haymes Dream - The Pied Pipers Sentimental Journey - The Les Brown Orchestra (vocal: Doris
Day) Oklahoma Hills - Jack Guthrie 1949-Birthday
of Vida Rochell Blue, former baseball player, born Mansfield, LA. 1951-“Sammy
Kaye” television show premiers. CBS's musical program hosted by bandleader
Sammy Kaye swayed audiences to swinging tunes on Saturday nights. 1953---Top
Hits Song from Moulin Rouge - The Percy Faith Orchestra April in Portugal - The Les Baxter Orchestra I’m Walking Behind You - Eddie Fisher It’s Been So Long - Webb Pierce 1954
- "Billboard's" top spot on the pop singles chart went to
The Crew Cuts with "Sh-Boom." The song was a cover of a rhythm
and blues recording by The Chords, it would stay at the #1 spot for
seven weeks. Many people consider this song to be the first rock ’n’
roll record. It wasn’t the first ... rock and roll had made it to the
music scene long before this. In fact, The Boswell Sisters recorded
a song titled, "Rock and Roll" in 1934. However, "Sh-Boom"
was the first rock ’n’ roll record to make it to the top of the pop
charts. (The Chords’ version became the first rock-related hit in Great
Britain.) Purists consider "Rock Around the Clock" to be the
first, true #1 rock ’n’ roll hit. However, it didn’t hit the top of
the charts until one year after "Sh-Boom". 1954
- Walt Disney's Alice in Wonderland was released in theaters. The animated
film took five years to complete at an estimated cost of $3 million
(1951). Elia Kazan's powerful film, On the Waterfront, starring Marlon
Brando, premiered in New York. It later won Oscars for Best Picture,
Best Director, and Best Actor. 1958
- Three years after "Cherry Pink and Apple Blossom White"
reached #1, Cuban- born bandleader Perez Prado was again at #1 with
"Patricia". Because of his Latin inspired instrumentals, Prado
was known as the Mambo King. 1961---Top
Hits Tossin’ and Turnin’ - Bobby Lewis The Boll Weevil Song - Brook Benton Yellow Bird - Arthur Lyman Group Heartbreak U.S.A. - Kitty Wells 1964-Spacestone
Ranger photo’s from the moon. Unmanned moon probe transmitted back to
Earth 4,308 close-up photographs of moon. 1969---Top
Hits In the Year 2525 - Zager & Evans Crystal Blue Persuasion - Tommy James & The Shondells My Cherie Amour - Stevie Wonder Johnny B. Goode - Buck Owens 1972-Spacelab
3. Alan L. Bean, Owen K. Garriott and Jack R. Lousma started 59-day
mission in the space station to test man's space flight endurance. Pacific
splashdown Sept 25. 1973
- Exactly one year after their first date, television’s "Six Million
Dollar Man", Lee Majors, married "Charlie’s Angels",
Farrah Fawcett. On the campus of the University of Texas, newly Farrah
Fawcett-Majors was deemed one of the 10 most beautiful. Farrah and Majors
are no longer married. 1977---Top
Hits Looks like We Made It - Barry Manilow I Just Want to Be Your Everything - Andy Gibb I’m in You - Peter Frampton It was Almost like a Song - Ronnie Milsap 1984
- In Southern California, the 23rd Summer Olympic Games opened at the
Los Angeles Coliseum. The head of the United States Olympic Committee,
Peter V. Uberroth, welcomed 7,800 athletes from 140 nations in 3-1/2
hour long opening ceremonies. 1984-
Pete Rose passes Ty Cobb as the all-time single leader as he collects
his 3,053rd off Steve Carlton in a 6-1 Expo victory over the Phillies. 1985---Top
Hits Everytime You Go Away - Paul Young Shout - Tears For Fears You Give Good Love - Whitney Houston Love Don’t Care (Whose Heart It Breaks) - Earl Thomas Conley 1991-Dennis
Martinez of the Montreal Expos pitched a perfect game, defeating the
Los Angeles Dodgers,2-0, in Dodgers Stadium. 1994
- Coincidences abounded in major league baseball. Kenny Rogers tossed
major league's 14th perfect game in history on what was three years
to the day since the previous time this same event happened. This time
it was in an American League game where Texas beat California, 4-0.
Ten years before on September 30, 1984, the same two teams played when
the 11th perfect game was pitched. Mike Witt was the pitcher and the
winning team was reversed. 1996
- A pipe bomb hidden in a backpack exploded during evening festivities
at the Centennial Olympic Park in Atlanta, Georgia, killing 2 people
and injuring more than 100. The explosion occurred around 1:00 a.m.,
which doubtlessly prevented more Olympic visitors from being killed
or injured. The F.B.I. was investigating leads. 1998-
Sammy Sosa hits his first career grand slam establishing the mark for
most career homers before hitting a grand slam (246). 1998
- Monument Records released the Dixie Chicks' country single "Wide
Open Spaces". 2000-
Toronto skipper Jim Fregosi wins his 1,000th game as a big league manager
as the Blue Jays beat the Mariners, 7-2. ---------------------------------------------------------------------------------
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