Company Allegedly Not Paying Broker
for Two Companies Who Renewed

Susquehanna Salt Lake
136 E S Temple, Suite 1400
Salt Lake City, UT 84111

The company is licensed in California September 15, 2017:
California Finance Lender  [Lender and Broker]
Address: 45 JOHN F KENNEDY DRIVE
STONY POINT, New York 10980
(Google shows the address as a residence).

The broker confirmed that two of his customers renewed but the Susquehanna Salt Lake has not returned telephone or emailsvregarding alleged commission owed. Leasing News for several days tried to reach the company by email and telephone, but no communication was returned.

The dollar amount involved is $6,000.00.

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California Department of Business Oversight Nails
Pacific Capital Finance for Unlicensed Lending and
Stealing Deposit from Alabama Borrower
By Tom McCurnin
Leasing News Legal Editor

Westlake Equipment Lender Restrained From Making Loans

In re Pacific Capital Finance (DBO December 18, 2018) 

Now that the movie “Bohemian Rhapsody” is available on digital TV and enjoying so much success, all I really could think of after reading this decision from the DBO was “another one bites the dust.” In today’s case, Pacific Capital Finance was unlicensed and subject to a cease and restrain order prohibiting it from making loans in California, and perhaps throughout the United States, as the order is unclear. The facts follow

Pacific Capital Finance of Westlake, California is an equipment lender located in both Westlake and Irvine, although Westlake seems to be the primary location. The principal of the company is Adrian Rojo of Mission Viejo, California. Pacific Capital Finance received an application from an Alabama resident who sent a $3,840.00 deposit and would then receive a business loan of $150,000.00. The Alabama resident received neither the loan nor his deposit back from Pacific Capital.

After some discussion of the applicable law, the DBO issued a cease and refrain order, restraining Pacific Capital Finance from making loans in violation of California law. The scope of the order is unclear because typically the Finance Lender’s law only covers California companies making loans to California residents. Here the victim was in Alabama.

This is a new step for the DBO which has shown some reluctance in enjoining California lenders which cheat out of state borrowers. I was told after making complaints that the DBO does not have jurisdiction over these transactions. But because the lender is located in California, my assumption was the DBO had jurisdiction to enjoin illegal dishonest lending, no matter where the victim was located. This appears to be a new position for the DBO and Leasing News applauds this.

The bottom line to this short case is that unlicensed California brokers or lenders are at risk, especially if the lenders take deposits. And if those unlicensed lenders steal those deposits, the DBO may come knocking. 

Department of Corporation Filing (1 page)

Pacific Capital Finance Desist and Refrain Order  (2 pages)
http://leasingnews.org/PDF/PacificCapital2019.pdf

Tom McCurnin is a partner at Barton, Klugman & Oetting in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com
Previous Tom McCurnin Articles:
http://www.leasingnews.org

Previous Tom McCurnin Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html

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Tom McCurnin Retirement Notice
 To Clients, Friends and Readers

Jodi and Tom McCurnin, Jama Masjid mosque, Delhi, India.
Built by Shah Jahan 1656. He also built the Taj Mahal and the nearby Red Fort.

In addition to retiring as an attorney, Tom will be retiring from his position as Leasing News Editor as the California Bar Association requires retired attorneys not to give legal advice. We will miss him for many reasons, including his sense of humor as well as his insight. Tom also has written 791 columns for Leasing News since March 16, 2007. He has also contributed to other media, including major newspapers as well as bank and law publications. He also has represented and appeared for Leasing News as pro bono attorney.
   - Kit Menkin, Editor

Retirement Notice

With some sadness, but with an equal share of excitement, I am announcing my retirement from the practice of law, effective March 31, 2019. For over 45 years, I have been blessed to work with some of the finest banking and trial lawyers, from whom I learned to research an issue thoroughly, organize a trial like crazy, never tell a lie nor oversell a position, explain things in simple language, and always take the moral high road. Client satisfaction was the number one goal, not earning a fee. I tried to practice law in a manner which would make my mother and father proud of me. I am leaving that life with sadness, but no regrets. 

So everyone’s first question is “what are you going to do?”

As for the future, we bought a remote rustic high altitude mountain wilderness cabin last year in the San Bernardino Mountains, which is on the side of a San Gorgonio Mountain and is completely inaccessible, except by the most robust of four wheel drive vehicles. It is in a Federal wilderness area near the Pacific Crest Trail. It is very quiet, dark, and the area is filled with bears, mountain lions, coyotes, and bobcats. My wife Jodi likes to spend several days a week up there, reading, hiking, and enjoying the wonderful scenery. 

My suits have been replaced by jeans and LL Bean shirts, my ties have been replaced by bandanas, my briefcase is now a backpack, and my wing tips have been replaced by hiking boots.  Legal analysis has been replaced with map reading skills. 

There is no television, radio, internet, or cell phone coverage. The nearest store is twenty miles away. We have electricity, well water and a septic system. Heat is primarily a wood stove with a propane backup. We are off the grid. We have made some basic improvements, adding some safety features, although getting equipment and tools up there does present a problem. 

I am scheduled to take Forest Service training in April to be a volunteer Forest Ranger. The cool part is I’ll get to wear the green ranger uniform, backpack, and Jeep logo, but with words “Volunteer” underneath the logo. I’ll hike the trails of the San Bernardino Mountains on foot and on horseback, jacking up hikers for permits and cleaning up trash. 

I’ll also probably be spending more time at our Los Angeles home in the woodshop, making furniture and other projects. We’ll continue to take hiking adventures to remote third world countries. Finally, I am surprised that I have my health at age 68 and can do all of this. I want to take advantage of my health while I still have it. I’ve seen too many of my colleagues pass within a year or so of retirement, and that is not how I want to end my career. 

Leasing Industry Help Wanted

Credit Analyst Norwalk, Ct. Remote Location Considered 2 Years Min. Experience Collateral knowledge of over-the-road trucking assets, construction equipment, material handling, vocational units and machine tools is desired Call Maria Borges-Lopez: (203) 354-6090 or e-mail your resume to HumanResources@nmef.com Please click nmef.com/careers/ for more information www.nmef.com Providing small-ticket equipment financing for businesses across the country through our dedicated referral source network

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C.H. Brown Company
Joins Funders List "A"
Funders Looking for Broker Business
Funders Taking "New" Broker Business List

Name In Business Since Contact Website Leasing Association	Employees	Geo Area	Dollar Amount		A	B	C	D	E
C.H. Brown Company a Subsidiary of Platte Valley Bank Wheatland, Wyoming Bradon Marshall, President  307-322-2545  bmarshall@chbrownco.com www.chbrownco.com AACFB, ELFA, NEFA	20	National	$15,000		Y	N	Y	N	N

A -Accepts Broker Business | B -Requires Broker be Licensed
| C -Sub-Broker Program | D -"Private label Program" | E - Also "in house" salesmen

C.H. Brown has been a direct lender in the Equipment Finance business for 24 years

Full Funders List "A:
http://leasingnews.org/Funders_Only/Funders.htm

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Maxim Commercial Capital Closes Tough Deals
for Brokers and "Gets Deals Done Together"

$650,000 Real Estate Secured Loan  
        
The owner of a $5.2MM property with an existing $2.6MM loan wanted to build additional industrial and office warehouse space but couldn't get bank financing due to delinquent property taxes. Luckily, the borrower's broker had funded real estate-secured loans with us in the past.

DONE DEAL: Maxim closed a $650,000, 60-month term loan secured by the $5.2MM property behind the $2.6MM existing loan. The borrower's strong cash flow, excess equity in the property and guarantor's high net worth made this a Maxim Deal.

$25,000 Heavy Equipment Secured Loan   
        
A contractor had won a $1.1MM contract and needed working capital to get started. Fortunately, he owned a 2007 Case 580 Super M and a 2008 Case CX75 Excavator free-and-clear. Knowing that Maxim funds loans against owned heavy equipment with an advance rate of 65% LTV, the broker submitted the deal.

DONE DEAL: Maxim closed a $25,000, 30-month term loan secured by the owned equipment. The LTV based on the equipment's FLV, combined with the borrower's excellent care for his equipment and his new $1.1MM contract, made this a Maxim Deal.

$24,105 Class 8 Truck Secured Loan
                 
An owner-operator's truck broke down while he was on the road. He quickly found a replacement, but had trouble getting financing to purchase the 2014 Freightliner Cascadia Sleeper due to challenged credit and a 597 FICO.

DONE DEAL: Maxim approved a $24,105 loan and funded it the next day! The buyer's ability to put 25% down on the purchase and his operating history made this a Maxim Deal.

Maxim Commercial Capital
11620 Wilshire Blvd., Suite 540
Los Angeles, CA 90025
michael@maximcc.com

December 2018 - January, 2019   The List
"The Good, the Bad and the Ugly"

December 2018

ZRG Partners, Rochelle Park, New Jersey (12/18) Secures New Capital to Accelerate Growth and Expansion http://leasingnews.org/archives/Dec2018/12_27.htm#zrg

OnDeck, New York, New York (12/18) OnDeck to Enter Equipment Financing Market
http://leasingnews.org/archives/Dec2018/12_20.htm#ondeck

Neumann Finance, Philadelphia, Pennsylvania (12/18) Hires 50 for Philadelphia Office, Now Cutting Back Hiring Plans http://leasingnews.org/archives/Dec2018/12_12.htm#neumann

Mazuma Capital Corp., Draper, Utah (12/18) Mazuma Capital Goes on the Defensive for Its Violation of New York’s Evergreen Clause Law http://leasingnews.org/archives/Dec2018/12_05.htm#mazuma

January 2019

Marlin Business Services, Mount Laurel, New Jersey (01/19) Mailing Error Cost Marlin Leasing $8,500 -  Plus Costs Losing Ability to Enforce Judgment on Default http://leasingnews.org/archives/Jan2019/01_28.htm#mailing

Pacific Rim Capital, Irvine, California (01/19) 49% stake acquired
by Fuyo General Lease, "a leading Japanese lessor" http://leasingnews.org/archives/Jan2019/01_24.htm#pacific

Ascentium Capital, Kingwood, Texas (01/19) Announces Annual Funding Volume Record of $1.23 Billion http://leasingnews.org/archives/Jan2019/01_15.htm#asc

 

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Leasing News Advisor
Jeff Schubert

 

Jeff Schubert
Rapid Finance
4500 East West Highway
Bethesda, MD 20814
Direct Line: 240-203-9224
Mobile: 770-714-9000
jschubert@rapidfinance.com
www.rapidfinance.com

Jeff Schubert is the Director of Strategic Partnerships for Rapid Finance, responsible for spearheading their business development efforts in the equipment leasing industry and asset based lending channel. He has been active in the equipment leasing industry for over 30 years, starting by helping to launch Eastman Kodak Credit Corporation in 1986. He later held business development and management positions with CitiCapital, Lease Plan USA, American Equipment Leasing, Element Financial Corp. and Engs Commercial Finance. Jeff also ran his own equipment leasing company, American Bank Leasing, for over 10 years.

Jeff joined Rapid Finance in 2015 and spends the majority of his time working with equipment leasing companies, brokers and factoring companies to provide them with a full range of working capital products for their customers from $10k to $1MM. Rapid Finance is a proud member of the Rockbridge family of companies, which includes Quicken Loans, Fat Head and the Cleveland Cavaliers. The company is also an active member of the American Association of Commercial Finance Brokers, Commercial Finance Association, International Factoring Association and National Equipment Finance Association.

Jeff lives in Bradenton, Florida, with his wife of over 35 years, Charlene. He is an avid reader and history buff and enjoys hiking, scuba diving, sailing, kayaking, camping and hanging out with his Little Brother as a part of the Big Brother Big Sister Organization

[headlines]
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##### Press Release ############################

Funding Circle US Small Business Loan Portfolio Surpasses
Most Banks with $2 Billion Lent Through Platform

SAN FRANCISCO, CA -- Funding Circle, the global small business loans platform, today announced that investors have lent more than $2 billion through its platform to small businesses in the United States. With this milestone, Funding Circle now has more US small business loans outstanding than almost 98% of FDIC-insured banks1.

Bernardo Martinez, US Managing Director, Funding Circle, said, "The fact that we have reached this milestone within a little more than five years, putting us in the same league as some banks established a century ago, is evidence that small businesses are underserved by the traditional banking system.

"Our aim is to become businesses' first choice for financing across the country by continuing to look for more ways to drive a better, faster borrowing experience."

Funding Circle now has more than $1 billion of small business loans in its portfolio, which means that if it were a bank it would be among the 50 largest small business commercial & industrial loan portfolios in the United States, according to the latest FDIC data available1. However, unlike a bank, Funding Circle provides a single financial product. Its fully amortizing business loans, powered by sophisticated technology and proprietary credit models, enable business owners to access financing with speed and efficiency, allowing them to devote more time to delivering their product or service to the market and ultimately create more jobs and vitalize their communities.

Since 2013 Funding Circle has built a deep customer base of established small businesses across the United States who are seeking fast, affordable and transparent loans under $500,000. Today 54% of US small businesses still report unmet credit needs2, a key issue that hinders their ability to grow, and Funding Circle continues to work to address that gap.

This $2 billion milestone also demonstrates the significant interest in small business loans as an asset class from a range of US investors, including individuals and financial institutions. The Funding Circle model has created access for investors seeking to earn attractive, stable returns by lending capital directly to creditworthy businesses.

About Funding Circle
Funding Circle (corporate.fundingcircle.com) is a global small business loans platform, connecting businesses who want to borrow with investors who want to lend in the UK, US, Germany and the Netherlands. Since launching in 2010, investors across Funding Circle's geographies - including more than 88,000 retail investors, banks, asset management companies, insurance companies, government-backed entities and funds - have lent $8.6 billion to 62,000 businesses globally.

1 Source: Federal Deposit Insurance Corporation (FDIC) Statistics on Depository Institutions. December 2018. "Amount of currently outstanding commercial and industrial loans less than $1,000,000 held in domestic offices." https://www5.fdic.gov/sdi/download_large_list_outside.asp

2 Federal Reserve Bank. 2018. "2017 Small Business Credit Survey: Report on Employer Firms." https://www.fedsmallbusiness.org/survey/2018/report-on-employer-firms.

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

German Shepherd
West Murray, Utah  Adopt a Dog

Maya

ID A130564
Female
Color: Tan
Age: 7 Years
Kennel No DA7

Humane Society of Utah
4242 S. 300 W.
Murray, Utah 84107
801-261-2919
utahhumane.org
Contact:
http://hsutah.convio.net/site/Survey?SURVEY_ID=1141
&ACTION_REQUIRED=URI_ACTION_USER_REQUESTS

Adoption Center Hours
Sunday - Thursday       10 AM - 7 PM
Friday - Saturday 11 AM - 8 PM

Please arrive 30 minutes before closing if you are interested in adopting a pet.

Adoption Profile
https://www.utahhumane.org/sites/utahhumane.org/files/hsu_adoption_profile_2018.pdf

 

To Find a Specific Breed near where you live,
 from more than 17,000 animal shelters & rescues:
https://www.adoptapet.com/

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Women in Leasing LinkedIn Group
Lunch Next Wednesday, March 13th, Newport Beach, California

Shari L. Lipski, CLFP, announces, "The Women in Leasing LinkedIn Group" will be having a luncheon at 3Thirty3 Restaurant, in Newport Beach, California, Next Wednesday, March 13th from 12:30 till 3:00 pm just before the National Equipment Finance Association Spring Summit.

The luncheon is being co-hosted by ECS Financial Services, Inc. and Financial Pacific, an Umpqua Bank Company.

Location
3 Thirty 3 Waterfront
333 Bayside Drive, Newport Beach, CA 92660
(The restaurant is located about 2 miles from the Newport Beach Marriott Hotel & Spa (NEFA's host hotel).

$55 Ticket Registration:
https://www.eventbrite.com/register?
orderid=569aa8c62e5b11e9a3960a0d4aa33388&client_

If you would like to attend, the cost is $55 per person. Feel free to forward this to anyone you think might be interested in attending, even if they are not registered for the NEFA Spring Summit.

Register as soon as possible to guarantee your seat at this fun-filled event! Everbrite says registration open until March 13, but best to email or call Shari Lipski

Questions?
Please contact Shari Lipski at SLipski@ECSFinancial.com or 847.721.1744.

News Briefs----

Online bank Chime now valued at $1.5 billion
  after new funding round - 3 Million Users
https://www.cnbc.com/2019/03/05/online-bank-chime-now-valued-at-1point5-billion-after-new-funding-round.html

$19 million Bugatti is the most expensive new car ever sold
$2 Million Electric Pinifarina--only 150 of the cars will be built
https://www.cnn.com/business/live-news/geneva-motor-show-2019/h_f7a0b2f4a0c6a6579971ed10e2714696

Founder John Schnatter to Exit Papa John’s Board
    Schnatter gets a say in his replacement
https://www.qsrmagazine.com/finance/founder-john-schnatter-exit-papa-john-s-board

 

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You May Have Missed---

U.S. Cyber-Warriors Disrupt Russian Election Attacks
   beginning in October and ending in mid-November 2018
https://www.eweek.com/security/u.s.-cyber-warriors-disrupt-russian-election-attacks

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Splash

"Splash," said a raindrop
As it fell upon my hat;
"Splash said another
As it trickled down my back.

"You are very rude," I said
As I looked up to the sky;
Then another raindrop splashed
Right into my eye!

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Sports Briefs---

Ex-Warriors assistant Luke Walton was the next big coaching   
   thing;  how it all went wrong in L.A.
https://www.eastbaytimes.com/2019/03/05/ex-warriors-assistant-luke-walton-was-the-next-big-coaching-thing-how-it-all-went-wrong-in-l-a/

[headlines]
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California Nuts Briefs---

Arrests Monday night mean honeymoon is over
  for Sacramento police Chief Daniel Hahn
https://www.sacbee.com/news/local/article227117089.html

California calls on Trump officials to stop threats
  on high-speed rail funding
https://www.sacbee.com/news/politics-government/capitol-alert/article227099229.html

Economic impact on Russian River businesses
 starts to emerge after last week's flood
https://www.pressdemocrat.com/news/9350344-181/its-definitely-going-to-be

Thousands overwhelm California town to see superbloom:
  'I think social media has played huge role'
https://www.sfgate.com/bayarea/article/superbloom-Lake-Elsinore-poppies-wildflowers-CA-13664172.php

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“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

The Rhone Rangers Celebrate Women Winemakers
https://www.winebusiness.com/news/?go=getArticle&dataId=210534

Raise a glass! March is Taste Washington Wine Month
https://www.winebusiness.com/news/?go=getArticle&dataId=210372

Napa Valley Vintner John R. Shafer Dies at Age 94
https://www.winebusiness.com/news/?go=getArticle&dataId=210477

Target has a new line of ‘premium’ $9.99 wines in Seattle.
 Are they any good? We asked a sommelier
https://www.seattletimes.com/life/food-drink/target-releases-a-line-of-premium-wines-for-9-99-in-seattle-but-is-it-worth-it-we-asked-a-sommelier

Pahlmeyer Releases 30th Vintage Of Iconic Proprietary Red Wine
https://www.winebusiness.com/newreleases/?go=getArticle&dataId=210562

Napa County Officials Ask Winery to Stop Offering Private Events
https://www.winebusiness.com/news/?go=getArticle&dataId=210369

Free Wine App
https://www.nataliemaclean.com/mobileapp/

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm

This Day in History

    1521 - Magellan discovered Guam, today a protectorate of the United States.
https://www.cia.gov/library/publications/the-world-factbook/geos/gq.html
    1775 – The first African-American Mason was initiated in Boston.
    1779 - The US Congress declared that only the federal government, not individual states, had the power to determine the legality of captures on the high seas. This was the basis for the first test case of the US Constitution in 1808.
    1791 - American painter of miniatures and a member of the famous Peale family of artists, Anna Claypoole Peal (d. 1878) was born at Philadelphia, PA.
http://www.picturehistory.com/find/p/13976/mcms.html
    1808 - The first college orchestra was established at Harvard.
    1810 – Illinois passed the first state legislation dealing with vaccinations.
    1820 - The Missouri Compromise, enacted by Congress, was signed by President James Monroe. This compromise provided for the admission of Missouri into the Union as a slave state, but prohibited slavery in the rest of the northern Louisiana Purchase territory. The compromise was invalidated in the Scott vs. Sandford case (below 1857).
    1822 - USS Enterprise captures four pirate ships in Gulf of Mexico.
    1831 – Edgar Allen Poe was removed from the US Military Academy.
    1834 - Delmonico's, one of NY's finest restaurants, provides a meal of soup, steak, coffee & half a pie for 12 cents. The restaurant is considered the oldest in New York. Some of its “firsts:”
The first diner called by the French name restaurant
The first diner where guests sat at their own tables
The first printed menu
The first tablecloths
The first debutante ball outside a private home
The first restaurant to offer a leisurely lunch and dinner
Oysters Rockefeller
Lobster Newberg, first called Lobster Wenberg
Baked Alaska
Eggs Benedict
Delmonico potatoes
Delmonico steak
Hamburger (known then as the Hamburg Steak)
First use of the expression that something is "86'd", since the Delmonico Steak was item 86 on the menu and, when sold out, it was “86'd".
http://www.nextmagazine.net/restaurants/delmonicos.shtml
http://www.cbbqa.com
    1836 - Four days after Texas declared itself an independent republic, the Alamo, a fortified mission at San Antonio, Texas, where fewer than 200 Texans were garrisoned, was captured by the Mexican leader Gen. Antonio Lopez de Santa Anna, who had led 3000 troops across the Rio Grande. Every Texan except a mother, a child, and servant was killed, including Jim Bowie, Col. Travis, and Davy Crockett. The siege, led by Mexican general Santa Anna, began Feb 23 and reached its climax Mar 6, when the last of the defenders was slain. Texans, under General Sam Houston, rallied with the war cry "Remember the Alamo" and, at the Battle of San Jacinto, Apr 21, defeated and captured Santa Anna, who signed a treaty recognizing Texas's independence.
http://memory.loc.gov/ammem/today/mar06.html
    1857 - Dred Scott decision (Dred Scott v. Sandford) was delivered by the US Supreme Court.  This was a major setback for anti-slavery forces and further aggravated the growing ill feeling between North and South. Dred Scott was a slave whose owner had taken him and his family from Missouri to Illinois, a free state in 1834. Scott later returned to Missouri and, in 1846, sued for his liberty on the grounds that his stay in free territory ended his slavery. The Court ruled, however, that Scott could not sue because slaves were not citizens. Going beyond the specific case, the Court also said that Congress had no power to prohibit slavery in territories and therefore, the Missouri Compromise of 1820, already repealed by the Kansas-Nebraska Act, was unconstitutional.
    1861 – The Provisionary Confederate Congress established the Confederate Army
    1862 - The Battle of Pea Ridge, Ark., was fought. A Confederate army of 16,000 under General Earl Van Dorn attacked a Union army of 10,500 under Brig. General Samuel Ryan Curtis, whose last reserves prevented a Union disaster on the second day. Among the heavy losses on both sides were two Confederate generals, Benjamin McCulloch and James McQueen McIntosh.
    1864 - There was an average of 7,333 desertions a month from the Union army. Many desertions were the result of bounty jumpers - men who would collect bounty to enlist, then desert and do it again elsewhere. The US government spent $300 million dollars on bounties while state and local governments spent about the same.
http://www.tnstate.edu/library/digital/document.htm
    1872 - A cold wave hit the East coast sending the mercury plunging to 8 degrees below zero at Boston. It was the most severe March cold wave in modern history.
    1885 - Birthday of humorist and sportswriter Ring Lardner, Sr., (d. 1933) in Niles, Michigan. Lardner wrote about sports for a variety of newspaper, mostly in Chicago. In both his columns and his short stories, he reproduced ballplayers' vernacular speech patterns with great success, thereby laying the groundwork for generations of baseball fiction to come. Lardner abandoned baseball after the Black Sox scandal was exposed. He wrote songs, plays and magazine articles but never the novel that some of his friends though he should. Taciturn and solemn with a biting sense of humor, Lardner drank and smoked to excess, even after contracting tuberculosis in 1926. Posthumously given the J.G. Taylor Spink Award in 1963 for his baseball writing.
    1886 – The first plant to generate alternating current in the US was launched at Great Barrington, MA.
    1892 - The first women's collegiate basketball game was played at Smith College in Northampton, MA. Senda Bereson, then Smith‘s director of physical education and “mother of women's basketball,” supervised the game, in which Smith's sophomore team beat the freshman team, 5-4.
    1892 - Clark Daniel Shaughnessy (d. 1970), football player and coach born at St. Cloud, MN. After playing football at the University of Minnesota, Shaughnessy strung tog3ether a coaching career of several institutions: Tulane, Loyola of the South, Chicago, Stanford, Maryland and Pittsburgh. He coached the Los Angeles Rams and assisted George Halas with the Chicago Bears. Shaughnessy is known as the father of the modern T formation and played a key role in developing modern pro defensive football.
    1900 – Lefty Grove was born Robert Moses Groves(d. 1975), Lonaconing, MD.  Regarded by many as the greatest left-handed pitcher of all time, rivaled for the honor only by Warren Spahn and Sandy Koufax, he won over two-thirds of his lifetime decisions and was a perennial league leader in ERA.  A six-time All-Star, 1931 MVP, 7-time strikeouts leader, he was with the World Series champion Philadelphia Athletics of 1929 and 1930 and won exactly 300 games in his career.  Baseball Hall of Fame, 1947.
    1905 - Father of Western Swing, Bob Willis (d. 1975), born in Kosse, TX. Originally a performer (fiddler) with the Light Crust Doughboys, Willis later former the popular Texas Playboys. Bob Willis and the Texas Playboys appeared on film and at the grand Ole Opry made western swing popular with such hits as “San Antonio Rose.”    
    1912 - Oreo sandwich cookies were first introduced by the National Biscuit Co., which later became Nabisco.
    1915 – Pete Gray was born Peter Wyshner (d. 2002), Nanticoke, PA.  He badly injured his right arm at the age of six when he was caught on truck spokes while trying to jump off the vehicle. His arm was amputated that day.  His 1944 minor league season earned him a call-up to the St. Louis Browns, the defending American League champions, in 1945, for whom he appeared in 77 games, never to play a Major League game again.  His ability to reach the Majors with only one arm is still marveled by many historians.
    1918 - Bassist Red Callendar (d. 1992) was born in Haynesville, VA.
http://www.allmusic.com/cg/amg.dll
    1923 - Guitarist Wes Montgomery (d. 1968), birthday, Indianapolis.
http://www.duke.edu/~mjs4/wes/
http://www.allmusic.com/cg/amg.dll
    1924 - Sarah Caldwell’s (d. 2006) birthday, Maryville, MO. She founded and produced almost 50 operas at the Boston Opera, was the first woman to conduct at the Metropolitan and the New York Philharmonic, and the first recipient of the Kennedy Center Award for Excellence.
http://arts.endow.gov/artforms/Opera/Caldwell.html
http://smithsonianassociates.org/programs/caldwell/caldwell.htm
    1926 - Economist, former Chairman of the Federal Reserve, Alan Greenspan, birthday, New York, New York
    1933 - A nationwide bank holiday declared by President Franklin D. Roosevelt went into effect.  He had taken the oath of office only thirty-six hours earlier.  The crisis had been a long time coming. In the three years leading up to it thousands of banks had failed. But a new round of problems that began in early 1933 placed a severe strain on New York banks, many of which held balances for banks in other parts of the country.  George Harrison, head of the Federal Reserve Bank of New York, and Federal Reserve Board Governor Eugene Meyer were pivotal figures in the bank holiday. On March 1, 1933, Harrison sent an urgent message to Meyer and Secretary of the Treasury Ogden Mills:  The New York Reserve Bank’s gold reserve had fallen below the legal limit (the US was still on the gold standard at this time which required Reserve Banks to maintain gold reserves equal to 40 percent of the paper currency they issued, but foreign and domestic holders of US currency were rapidly losing faith in paper money and were redeeming dollars at an alarming rate). For an entire week in March 1933, all banking transactions were suspended in an effort to stem bank failures and ultimately restore confidence in the financial system.  The crisis began to subside on March 9, when Congress passed the Emergency Banking Act. On March 13, member banks in Federal Reserve cities received permission to reopen. By March 15, banks controlling 90 percent of the country’s banking resources had resumed operations and deposits far exceeded withdrawals. Although some 4,000 banks would remain closed forever and full economic recovery was still years in the future, the worst of the banking crisis seemed to be over.
    1936 - Singer Sylvia Vanderpool (d. 2011) of Mickey and Sylvia, was born New York City, New York
http://www.soulwalking.co.uk/Sylvia%20Robinson.html
    1939 - Harry James records “Two O'clock Jump.”
    1940 - Duke Ellington records “Jack the Bear” and “KoKo.”
    1941 - Les Hite and his orchestra recorded "The World is Waiting for the Sunrise" on Bluebird Records. The instrumental became Hite's most popular work. A decade later, Les Paul and Mary Ford added a vocal to the tune, making it one of their biggest-selling hit songs.
    1944 - Heavy bombers staged the first American raid on Berlin during World War II.  The Eighth Air Force commander, Maj. Gen. Jimmy Doolittle, he of the 1942 bombing raid on Tokyo, had changed fighter defense of strategic bomber formations that had bolstered the confidence of U.S. strategic bombing crews. Until that time, Allied bombers avoided contact with the Luftwaffe; now, the Americans used any method that would force the Luftwaffe into combat. Implementing this policy, the United States looked toward Berlin. Raiding the German capital, the Air Force reasoned, would force the Luftwaffe into battle. Consequently, they launched the first of several attacks against Berlin.  Fierce battles raged and resulted in heavy losses for both sides; 69 B-17s were lost on March 6 but the Luftwaffe lost 160 aircraft. The Allies replaced their losses; the Luftwaffe could not.
    1945 - Top Hits
“Accentuate the Positive” - Johnny Mercer
“I Dream of You” - The Tommy Dorsey Orchestra (vocal: Freddy Stewart)
“A Little on the Lonely Side” - The Frankie Carle Orchestra (vocal: Paul Allen)
“I'm Losing My Mind Over You” - Al Dexter
    1953 - Top Hits
“Till I Waltz Again with You” - Teresa Brewer
“Don't Let the Stars Get in Your Eyes” - Perry Como
“Keep It a Secret” - Jo Stafford
“Kaw-Liga” - Hank Williams
    1954 - Florida received its greatest modern-day snowfall of record, with 4.0 inches at the Milton Experimental Station. Pensacola equaled their 24-hour record with 2.1 inches of snow.
    1957 - The doo-wop quartet the Diamonds make their pop chart debut with "Little Darlin'," their biggest hit. It reaches #2 on the pop chart and #3 R&B.
    1961 - Top Hits
“Pony Time” - Chubby Checker
“Surrender” - Elvis Presley
“Wheels” - The String-A-Longs
“Don't Worry” - Marty Robbins
    1962 - Frank Sinatra recorded his final session for Capitol Records in Hollywood. Sinatra had been recording for his own record label, Reprise, for two years. His final side on Capitol was "I Gotta Right to Sing the Blues," with Skip Martin's orchestra.
    1964 - Tom O'Hara ran the mile in 3 minutes, 56.4 seconds, setting a world indoor record in Chicago, IL.
    1964 - Heavyweight champion Cassius Marcellus Clay announced that he had embraced the Nation of Islam and changed his name to Muhammad Ali. As Clay, he had won a gold medal in the 1960 Summer Olympic Games in Rome and captured the heavyweight crown with a stunning TKO of Sonny Liston at Miami Beach on February 25, 1964.
    1965 - The Temptations went to #1 on the US singles chart with the Smokey Robinson penned song "My Girl," making the group the first male act to have a chart topper for Motown Records.
    1967 - *OUELLET, DAVID G., Medal of Honor
Rank and organization: Seaman, U.S. Navy, River Squadron 5, My Tho Detachment 532. Place and date: Mekong River, Republic of Vietnam, 6 March 1967. Entered service at: Boston, Mass. Born: 13 June, 1944, Newton, Mass. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. As the forward machine gunner on River Patrol Boat (PBR) 124, which was on patrol during the early evening hours, Seaman Ouellet observed suspicious activity near the river bank, alerted his boat captain, and recommended movement of the boat to the area to investigate. While the PBR was making a high-speed run along the river bank, Seaman Ouellet spotted an incoming enemy grenade falling toward the boat. He immediately left the protected position of his gun mount and ran aft for the full length of the speeding boat, shouting to his fellow crewmembers to take cover. Observing the boat captain standing unprotected on the boat, Seaman Ouellet bounded on to the engine compartment cover, and pushed the boat captain down to safety. In the split second that followed the grenade's landing, and in the face of certain death, Seaman Ouellet fearlessly placed himself between the deadly missile and his shipmates, courageously absorbing most of the blast fragments with his body in order to protect his shipmates from injury and death. His extraordinary heroism and his selfless and courageous actions on behalf of his comrades at the expense of his life were in the finest traditions of the U.S. Naval Service.
    1969 - Top Hits
“Everyday People” - Sly & The Family Stone
“Proud Mary” - Credence Clearwater Revival
“Baby, Baby Don't Cry” - Smokey Robinson & The Miracles
“To Make Love Sweeter for You” - Jerry Lee Lewis
    1969 - Russell Louis Schweickart and Colonel James Alton McDivitt, were the first astronauts to transfer from one spacecraft to another while in orbit, making an intra-vehicular transfer from Gumdrop, the Apollo 9 command ship to the Spider, the lunar module, leaving the pilot, Colonel David Randolph Scott in the command ship.
    1972 - Shaquille Rashan O'Neal, basketball player, born Newark, NJ.
    1972 - The ‘Golden Bear,' Jack Nicklaus, passed Arnold Palmer as golf's all-time, money winner. Nicklaus captured the Doral Eastern Open golf tournament to run his career earnings up to $1,477,200
    1973 - The group, War, out from under the shadow of former leader Eric Burdon, receive their second gold single of the week for "Cisco Kid," four days after "The World is a Ghetto" did likewise.
    1975 - Led Zeppelin's sixth album, "Physical Graffiti," was certified gold.
    1976 - The Waylon & Willie (Jennings and Nelson) song, "Good Hearted Woman," started the last of three weeks at the top of the country music charts. Waylon and Willie wrote the song in 1969 during a poker game in Ft. Worth, TX. According to Jennings, “I'd been reading an ad for Ike and Tina Turner and it said, ‘Tina Turner singing songs about good-hearted women loving good-timing men.' I thought, ‘What a great country song title that is!'”
    1976 - Dorothy Hamill of the US completed women's figure skating celebrated double triumph by adding first place in the world's Championship, contested in Goteberg, Sweden, to the Olympic gold medal she won in February in Innsbruck, Austria.
    1977 - Top Hits
Love Theme from "A Star is Born" (Evergreen) - Barbra Streisand
Fly Like an Eagle - Steve Miller
I Like Dreamin' - Kenny Nolan
Heart Healer - Mel Tillis
    1976 - After placing 28 songs in the Top 40 of Billboard's Pop chart, The Miracles make the list for the last time when "Love Machine" went to the top. Their run included seven Top 10 hits and two number ones.
    1978 - Billy Joel was awarded a rare platinum single for "Just the Way You Are."
    1981 - Walter Cronkite, the dean of American television newscasters, said “And that's the way it is” for the final time, as he closed the "CBS Evening News with Walter Cronkite." An audience estimated at 17,000,000 viewers saw ‘the most trusted man in America' sign-off. Cronkite retired after more than 30 years in broadcasting. He was replaced by Dan Rather at the anchor desk.
    1982 - Billboard points out that Dick Clark has donated the podium he stood behind on the original "American Bandstand" to the national museum at the Smithsonian.
    1982 - The Go-Go's debut LP, "Beauty and the Beast," released last July, starts a seven week run at Number One.
    1982 - Willie Nelson's "Always on My Mind" enters the pop chart at #88. The original was recorded in 1972 by Elvis Presley. Nelson's version will reach number One on the country chart and win a Grammy for Song of the Year.
    1982 - The most points scored by two teams in the National Basketball Association made history. San Antonio beat Milwaukee 171-166 in three overtime periods to set the mark.
    1983 - The United States Football League opened its first season of play with five games. The USFL was designed to avoid competing with the NFL by playing in the spring, but it lasted only three years.
    1985 - Yul Brynner played his famous role as the king in "The King and I" in his 4,500th performance in the musical. The actor, age 64, opened the successful production on Broadway in 1951.
    1985 - Top Hits
“Careless Whisper” - Wham! featuring George Michael
“Can't Fight This Feeling” - REO Speedwagon
“California Girls” - David Lee Roth
“Baby Bye Bye” - Gary Morris
    1987 - Twenty-eight cities in the north central U.S. reported record high temperatures for the date. Pickstown, SD was the hot spot in the nation with a reading of 83 degrees. The high of 71 at Saint Cloud, MN smashed their previous record by 21 degrees.
    1988 - Julie Krone won the 1,205th victory of her career, thereby becoming the all-time winning female jockey in history, Krone rode Squawter, a filly, to victory in the ninth race at Aqueduct Racetrack.
    1988 - “In the Heat of the Night” premiered on TV. NBC's police drama was based on the 1967 movie with the same name. Carroll O'Connor played Mississippi police chief Bill Gillespie who, along with Howard Rollins as Detective Virgil Tibbs, investigated crimes in the rural South. The cast featured Alan Autry as Sergeant Bubba Skinner, Anne-Marie Johnson as Virgil's wife, Althea, David Hart as Deputy Parker William, Hugh O'Connor as Deputy Lonnie Jamison, Christian LeBlanc as Deputy Junior Abernathy, Geoffrey Thorne as Deputy Sweet and Crystal Fox as dispatcher Luanne Corbin. The last telecast aired July 28, 1994, but the program remains popular in re-runs.
http://timstvshowcase.com/heatbak.jpg
    1990 - Colorado's strongest winter storm of the season moved northeastward across the state producing 50 inches of snow at Echo Lake, 46.5 inches on Buckhorn Mountain, and 46 inches near the top of Coal Canyon. Snow fell at the rate of several inches per hour during the height of the storm, while winds gusted above 50 mph. Several hundred rush hour commuters, including the state governor, were stranded in blizzard conditions along Highway 36 between Denver and Boulder. Drifts up to twelve feet high had to be cleared southeast of Boulder.
    1996 - Chris Osgood of the Detroit Red Wings became the third goalie in NHL history to score a goal. He fired the puck into an empty net with 11 seconds remaining as Detroit beat the Harford Whalers, 4-2.
    2000 - Eric Clapton was inducted into The Rock and Roll Hall of Fame for the third time, after receiving previous honors as a member of The Yardbirds and Cream.
    2003 - President Bush held a news conference and warned that he was prepared to go to war soon in Iraq with or without UN backing.
    2005 – Suzyn Waldman became the first woman to be a full-time color commentator in Major League history, making her debut with John Sterling on WCBS-AM 880, the radio flagship of the New York Yankees. The former radio-talk host on WFAN, the first all-sports radio station in United States, was also the first female to broadcast on a national baseball telecast, as well as the first to provide local TV (Yankees) Major League play-by-play.
    2007 - Former White House aide I. Lewis Libby, Jr. was convicted on four of five counts of perjury and obstruction of justice trial.
    2013 – Microsoft was fined €561 by the Euro Commission for not providing alternative web browsers.
    2015 - AT&T, part of the DJIA for over 100 years, was replaced with Apple Inc. on the Dow Jones Industrial Average (DJIA), reflecting shifts in the U.S. economy between telecommunications and technology.