Classified Ads---Sales Manager

(These ads are “free” to those seeking employment or looking
to improve their position)

Bayville, NJ Dedicated individual seeking a account management position, 3 years leasing experience and 15+ years sales experience. Resume furnished upon request, email Frank at weag4th@gmail.com .

Fort Myers, Florida Very experienced and strong skills with both Captive and Specialty Sales Management. Over 25 years , will relocate and travel---successful and team player. e-mail: tlinspections@gmail.com

 

Free Posting for those seeking employment in Leasing:

http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

Free Posting for those seeking employment in Leasing:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

All “free” categories “job wanted” ads:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

Evans and Leases vs. FDIC Report
by Christopher Menkin

Evans Bancorp. (NASDAQ:EVBN), Angola, New York, said profits for the third quarter fell 46 percent, as the bank set aside much more for loan and lease losses.

The bank set aside just over $1 million to cover losses on loans and leases, up 60 percent from $634,000 a year ago, when it took no additional provision on its lease portfolio after marking it down. About $300,000 of the difference was for leases, Evans reported.

"What we want to do is fine-tune that provision to ensure that we have adequate coverage," said Chief Financial Officer Gary Kajtoch, told the Buffalo News.

"The bank wrote off more loans than a year ago, primarily due to three commercial loans, and also wrote off $300,000 in leases. But two former Waterford loans that were 'impaired' at the time of the acquisition in July 2009 were paid off in full during the third quarter," the Buffalo News reported as did many other newspapers.

It was also reported "Leases fell by another $3.9 million to $18.7 million." This must refer to "paid out." leases as the FDIC September 30, 2010 filing shows no charge off for "lease financing receivables." Charge offs are $104,000 for 1-4 family residential construction loans, $50,000 for 1-4 family residential first liens, $223,000 in industrial loans.

Year-end 2009 shows $9.27 million leasing receivables charge off. Tier 1 risk-based capital ratio: 9.49%

September 30, 2010 Balance Sheet shows $9.09 million allowance for "loans and leases," primarily as noted lease receivables written off 2009. Tier 1 risk-based capital ratio 12.8%. Bank total equity was up from $45.22 million in June to $63.4 million in September, 2010, according to the FDIC filing.

A complete copy of Evans accounting of leases is at the end of this article.

It should be noted that while Leasing News writes about this bad news, the reality is all bank divisions units are down, and there are many more losses, 100, perhaps 1,000 in major banks, than lease receivable financing in losses from land development and construction loans, as well as 1-4 family residential property first and second liens, not to mention commercial loans from failed projects. Look at boats, RV’s, even credit cards, than compare to the return from lease financing.

In reality, the main leasing losses are due to fraud, either within the bank that Leasing News has written about, or the recent frauds all connected to the vendor---meaning if the funders had subscribed to Lease Police, they should have been able to save $300 million dollars just from the recent six or seven major lessee/vendor frauds.

Many still don’t subscribe to Lease Police because they think they know more about credit decisions than an “outsider.” Lease Police has an instant software program that brings up the record of vendors and the people who are gypsies and move from state to state with their Adobe Photoshop and create invoices with dummy bank and trade references as well as attractive web sites.

Evans Bank full explanation of accounting for lease receivables from 3 November, 2010 Quarterly Report (please scroll to section on leasing-Mark to Market):
http://leasingnews.org/PDF/evans_bancorp.pdf

Complete September 30, 2010 Evans FDIC filing:
http://leasingnews.org/PDF/EvansSept30report.pdf

(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

Bank Beat---Small Banks Still Failing--Why?

Banks continue to be "timid" with their lending, but the economy is now reaching the better credits as the poor credits have gone by the wayside as evidenced by the many empty retail and professional office space available. The major banks have been recording good profits, as the industry itself reported the best quarter since 2007 with $21.6 million in net income. It should be brought to readers’ attention these are banks with more than $10 billion in assets. This group with is 1.3% of the industry accounted for $19.9 billion of the total earnings.

The smaller banks which have been appearing here in Bank Beat almost each week are still taking a beating. The FDIC's confidential "problem" list jumped to 829 in the second quarter from 775 three months earlier.

This week is a good example as the FDIC closed down three banks with a sole office, and the largest was Maryland were the seven branches of K Bank, Randallstown, were closed with Manufacturers and Traders Trust Company (M&T Bank), Buffalo, New York, to assume all of the deposits of K Bank, except certain brokered deposits. There were 125 full time employees at their branches in Baltimore, Bel Air, Cockeysville, Eldesberg, Ellicott City, Owings Mills, and Randallstown. The larger banks are picking up more branches, but do they keep all of them---it depends as it depends on the geographic area. Despite ATMs and internet banking, branches as stand alone or in major retail stores control to grow. There was a time that many thought ATM's would close down branches, and then came the internet, where again it was going o eliminate more branches. The opposite has happened.

K Bank is another example of the real estate loan bubble where once thought the best collateral has turned out to put many of the smaller banks today out of business.

September 30, 1910 K-Bank bank had a loss of $16.7 million after a charge off of $11.2 million ($7.1 million in construction and loans for 1-4 family homes, $485,000 other residential construction, $2.4 million on 1st mortgages, $6,000 on junior liens. Equity had dropped from June 30, 2009 at $34.5 million to $13 million June 30, 2010 and $16,779 September 30, 2010. Tier 1 risk capital ratio was 1.53%.

As of September 30, 2010, K Bank had approximately $538.3 million in total assets and $500.1 million in total deposits. The FDIC and M&T Bank entered into a loss-share transaction on $289.0 million of K Bank's assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $198.4 million.
http://www.fdic.gov/news/news/press/2010/pr10242.html

 

Western Commercial Bank, Woodland Hills, California, was closed with First California Bank, Westlake Village, California, to assume all of the deposits. There were 16 full-time employees. The bank equity had dropped o minus $3.4 million after a September 30, 2010 $12.7 million loss which saw charge offs of $7.2 million in construction and land development, $420,000 construction residential property, $583,000 in other construction loans and $741,000 in farm land. Tier 1 risk capital was .004%, lowest reported in Bank Beat.

"By the end of 2007, with $75 million in loans and assets north of $90 million, the bank had become profitable. But it had come at a cost: To fund the rapidly growing loan portfolio, Western Commercial relied heavily on brokered deposits, which can be volatile and risky because they are generated by outside brokers who funnel deposit money seeking the best returns. They didn't know their borrowers. They didn't know their depositors. They were looking for profitability instead of slow growth,' said Gary Findley, a bank consultant and attorney in Anaheim who was hired to represent the bank when it was being organized. 'When you go down that path of doing business with people that you really don't know and you're going outside of your market or outside of your comfort zone, sometimes you make mistakes'."
http://www.laobserved.com/biz/2010/11/the_most_troubled_ba.php

As of September 30, 2010, Western Commercial Bank had approximately $98.6 million in total assets and $101.1 million in total deposits. First California Bank will pay the FDIC a premium of 0.5 percent to assume all of the deposits of Western Commercial Bank. In addition to assuming all of the deposits of the failed bank, First California Bank agreed to purchase essentially all of the assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $25.2 million.

Meet the Most Distressed Bank In Los Angeles
http://www.labusinessjournal.com/news/2010/oct/25/meet-most-distressed-bank-los-angeles

http://www.fdic.gov/news/news/press/2010/pr10243.html

The 143rd FDIC-insured institution to fail in the nation this year, and the twelfth in California.

First Vietnamese American Bank, Westminster, California, was closed with Grandpoint Bank, Los Angeles, California, to assume all of the deposits. There were 15 full time employees.

September 1, 2010 the bank had a loss of $1.9 million following almost a one million dollar charge off n commercial and industrial loans, $357,000 in construction and land development loans, and $121,000 farmland property. Bank equity was $611,000, June 30, 2010 $1.46 million and June 30, 2009: $3.6 million. Tier 1 capital risk ratio 1.5%

"First Vietnamese Bank opened in 2005, operating as an independent community bank, focused on serving the diverse needs of ethic groups in Southern California, including those with Vietnamese, Korean, Chinese and Hispanic ethic ties. First Vietnamese was a public company whose stock price reflected the poor financial condition of the bank. As is the case with virtually every failed bank, public shareholders are facing a complete loss of their invested capital. The Bank’s stock last traded at $.49 cents per share, down from $10 in 2007...Overwhelmed by nonperforming loans and unable to raise additional capital or comply with other regulatory orders, First Vietnamese Bank was closed by regulators."

http://problembanklist.com/first-vietnamese-american-bank-closed-by-regulators-0235/

As of September 30, 2010, First Vietnamese American Bank had approximately $48.0 million in total assets and $47.0 million in total deposits.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $9.6 million.
http://www.fdic.gov/news/news/press/2010/pr10245.html

The 11th bank to fail this year in Washington was Pierce Commercial Bank located in Tacoma; Heritage Bank, Olympia, Washington, to assume all of the deposits.

The bank had gone from 104 full-time employees in June 30, 2009 to 29 full-time employees by June 20, 2010 as equity dropped in this period from $26.7 million to $8.3 million. Year-end 2009 Pierce had a $19.7 million loss after a $3.9 million loss in real estate loans and $3.5 million loss in commercial and industrial loans. It had a loss of $8.2 million September 30, 2010 after a write off of almost $1.2 million in commercial and industrial loans, $811,000 in construction and land development loans, $1.4 in 1-4 multi-family residential properties, and $499,000 in other loans. Bank equity was $4.5 million, coming from $26.7 million June 30, 2009 to $8.3 million June 30, 2010. Tier 1 capital risk ratio 2.7%

As of September 30, 2010, Pierce Commercial Bank had approximately $221.1 million in total assets and $193.5 million in total deposits. Heritage Bank will pay the FDIC a premium of 1.0 percent to assume all of the deposits of Pierce Commercial Bank. In addition to assuming all of the deposits of the failed bank, Heritage Bank agreed to purchase essentially all of the assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $21.3 million.
http://www.fdic.gov/news/news/press/2010/pr10244.html

Whether the FDIC goes back to the banks at the end of the year for another premium, or puts in motion what they have in place, is not known at this time. The FDIC's deposit insurance fund was in the red last year. As of June 30, 2010, the deficit was $15.2 billion.

Unofficial List of Problem Banks:
http://calculatedriskimages.blogspot.com/2010/11/unofficial-problem-bank-list-nov-5-2010.html

Tracking Bank Failures Map:
http://graphicsweb.wsj.com/documents/Failed-US-Banks.html

List of Bank Failures:
http://www.fdic.gov/bank/individual/failed/banklist.html

Bank Beat:
http://www.leasingnews.org/Conscious-Top%20Stories/Bank_Beat.htm

Leasing Industry Help Wanted

Sales

Interviewing Leasing Professionals With Proven Track Record and Established Book of Business. Envision Provides: 1) Monthly Base Salary 2) Established Funding Sources 3) Fun Working Environment 4) Full Benefits (Health Insurance, 401k) 5) Aggressive Commission Structure. Resumes To: careers@envisioncapitalgroup.com, Contact: Jeff Edwards (949) 225-1712 Envision Capital Group is dedicated to providing the best in class products and service to our employees, customers, vendors and partners in the small and middle ticket commercial finance industry. With over 50 years of combined experience we have the knowledge, skills, abilities and relationships to help you reach your goals.

Min 1 year leasing exp., commission only You should earn $65,000 plus first year, work from our Boston Office or home office. Mark Gallagher 781-636-0202 or markg@integrityleasing.com Integrity Leasing and Financing Inc. started in 1998 and works directly with Vendors and Lessees.

3 years leasing exp., commission only first year or until quota met. You should earn $75,000 first year, work from home office. Sandra Tieh, HR 512.458.1300 or stieh@onesourcefinancial.com OneSourceFinancial.com a OneWorld Business Finance Co-Op Member

 

 

Please see our Job Wanted section for possible new employees.

NAELB Western Regional Meeting this Weekend

Bud Callahan, CLP, National Leasing Company, will be reporting from Costa Mesa on the NAELB Regional Meeting for Leasing News. From the recent Equipment Leasing and Finance Foundation and National Equipment Finance Association it appears optimism is present, and business is in the positive side.

Please go here for more information:
http://www.naelb.org/cde.cfm?event=311009

Top Stories---November 1—November 5

Here are the top ten stories opened by readers:

(1) More Layoffs at LEAF Financial
http://leasingnews.org/archives/Nov2010/11_05.htm#leaf_layoffs

(2) HL Leasing alleged $132 million fraud---update
http://leasingnews.org/archives/Nov2010/11_03.htm#hl_update

(3) First Federal Leasing Joins Looking for Brokers List
http://leasingnews.org/archives/Nov2010/11_01.htm#ffl

(4) Bank Beat--PNC Financial Services/Bank
http://leasingnews.org/archives/Nov2010/11_01.htm#bank_beat

(5) Correction: Wrong Tetra Named
http://leasingnews.org/archives/Nov2010/11_05.htm#correction_tetra

(6) NFS Leasing joins “Funder”/ “Funder Looking for Broker” lists
http://leasingnews.org/archives/Nov2010/11_03.htm#nfs

(7) Cartoon---Cret DeMent
Now handling lease applications
http://leasingnews.org/archives/Nov2010/11_05.htm#cartoon2

(8) Somerset Capital Group, Ltd. Purchases $22 Million Portfolio
http://leasingnews.org/archives/Nov2010/11_03.htm#somerset

(9) NEFA in search for Executive Director
http://leasingnews.org/archives/Nov2010/11_01.htm#nefa_search

(Tie)(10) "Broker/Lessor" looking for broker business
http://leasingnews.org/archives/Nov2010/11_03.htm#broker_lessor

(Tie)(10) Leasing 102 by Mr. Terry Winders, CLP
Are You ready to be a Leasing Professional?
http://leasingnews.org/archives/Nov2010/11_01.htm#professional

Add me to mailing list
Subscription is Free

Any comments or suggestions are appreciated. Any news leads or tips are also appreciated.
We will keep all "leads" in the strictest of confidence.

To subscribe: e-mail kitmenkin@leasingnews.org

Thank you,
Leasing News Editorial

Answers to: Are You ready to be a Leasing Professional?

Leasing 102 by Mr. Terry Winders, CLP November 1, 2010 column:

A Purchase Option is:

a. A mandatory requirement for Lessee.
b. Requires the Lessor to assume a residual.
c. Required by income tax law
d. Required by the UCC
e. None of the above

Which of the following is not a true lease tax rule?

a. The term of the lease cannot exceed 80% of the useful life.
b. The lessee may not have a bargain purchase option.
c. The lessee may not have an equity interest in the equipment.
d. The rentals plus the purchase option may equal what the lessee could have received from a loan with a balloon.

Return language can require the Lessee to return the equipment in like-new condition. (True or False)

A quite enjoyment clause is required by Article 2A. (True or False)

You can complete the dates on an acceptance certificate if the Lessee sign the agreement and failed to do so. (True or False)

Disclosures for a lessee’s capital lease should include:

a. Total contingent rentals actually incurred for each period for which an income statement is presented
b. Future minimum lease payments as of the date of the latest balance sheet presented.
c. The gross amount of assets recorded under capital leases as of the date each balance sheet is presented by major classes according to nature or function.
d. All of the above.
e. A. and C. only

 

More information may be obtain at www.clpfoundation.org as well as the latest CLP Handbook

(You may purchase even if you are not going to take the CLP test as it is an excellent resource to learn more about lease finance.)

Cynthia W. Spurdle
Executive Director
CLP Foundation
PH: 610/687-0213
FAX: 610/687-4111
E-mail: cindy@clpfoundation.org

Leasing 102
by Mr. Terry Winders, CLP

Why Not Offer an Upgrade (Trade- Up) Lease Option

More funders, especially Captive Lessors, are presenting “true leases,” as the talk about changes in FASB accounting of such leases may be effective in perhaps as early as 2011. The sales thrust is to take advantage of the accounting method today.

At the same time, “true leases” may even become more popular with the changes in accounting rules, so why not start selling leases with a fair market purchase options (FMV) today?

If you assume a large residual, such as in automobile leasing, the lows rentals to make up for the cash required if the lessee chooses to purchase at lease termination.

I will begin by once again stating that a true lease should be for the actual term of the lessees “use” for the equipment providing the lease term does not exceed 80% of the actual expected total useful life. This creates a problem with lessor’s that assume very conservative residuals. This makes the real question, how to handle the equipment replacement without the lessee feeling like they got swindled, if they exercise the purchase option. How are you going to handle the purchase option? Remember that because of the current tax advantages, from accelerated and bonus depreciation, the tax requirements need to be strictly followed. That means the lessee can have no bargain purchase options. The legal requirements allow a fixed price purchase option “if” evidence shows that the fixed price is the “reasonably predictable fair market value” at lease termination. No such advantage exist under income tax law, The Lessor must act like an equipment owner and maximize its value upon disposal. This has long been the problem for true lessor’s.

Suggestion…If the original term of the lease was established for the term of the equipments use, to the lessee, then equipment replacement is the issue. In a true lease the Lessor owns the equipment so if you allow the lessee to be your agent and have them trade in the equipment, for you, on the replacement equipment then your cost for the new equipment will be lowered by the value of the trade-in. The lessee may never have any equity in the equipment but in this case the Lessor owns the equipment so any equity is from the Lessor not the lessee. The trade-in lowers the cost and makes the Lessor more competitive because the cost will always be higher for the competition because the only reduction in the new equipments cost can come from the lessor’s trade-in. This is called an upgrade option.

There are many examples in practice today at Dell, Hewett-Packard, IBM, Oracle and others.

The advantage to the upgrade clause is that it almost guarantees retention of existing customers. In addition, if you have the lowest cost for the equipment you should be able to raise your rates to a comfortable margin and not have to give away the store to retain a good customer. There will be a tax adjustment and an accounting impact but these are minor issues. If you sell off only the payment stream to control the ownership at lease termination remember that you will need to have some risk in the deal or the discounted rent stream will be considered immediate income only offset by the MACRS depreciation. If you have some risk you can take the income in over the term.

If the customer prefers to purchase the equipment from you to use another leasing company, then you would be not sorry to charge them the true FMV.

It may or may not create extra income from the gain on the sale of a leased asset, but it certainly offers a lower cost to retain good customers at better rates. It may also create a new sale with the captive lessor or vendor of equipment you are working with.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty-five years and can be reached at leaseconsulting@msn.com or 502-649-0448

He invites your questions and queries.

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm

(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)

*****Announcement*************************************

Latin American Leasing Trends, Lease Accounting Changes
To be Highlighted at Conferences by The Alta Group

FORT LAUDERDALE, FL/.-- Conferences sponsored by The Alta Group Professional Development Division in November will explore Latin American leasing trends and proposed lease accounting changes affecting asset finance companies worldwide.

The conferences, which will feature well-known industry leaders, will be held on consecutive days at the Hotel Intercontinental at Doral in Miami, Florida. Both conferences will provide simultaneous English and Spanish translation.

Shawn D. Halladay, Principal, The Alta Group

The II Latin American Seminar on Lease Accounting November 17 will feature an interactive workshop led by lease accounting expert and author Shawn D. Halladay, principal of The Alta Group. The workshop will highlight provisions of the proposed lease accounting changes, including numerous examples. The session will focus on lessee market impact and the implications, challenges and opportunities for lessors of implementing the lease accounting standards being proposed by the IASB.

The VIII Latin American Leasing Conference November 18 and 19 will cover critical issues affecting the Latin American leasing industry and provide opportunities for business contacts with colleagues, potential funding sources and industry vendors. The annual event has become an important meeting point for leasing industry leaders and associations throughout Latin America.

Ricardo Muñoz Medina, principal of The Alta Group LAR

“This year, the Latin American Leasing Conference will examine how leasing companies in the region have managed to bear the worldwide economic crisis,” said Ricardo Muñoz Medina, principal of The Alta Group LAR. “Industry leaders will discuss many other topics, including a detailed analysis of the leasing industry’s performance in specific Latin American countries, using The Alta Group LAR’s annual Alta LAR 100 report as a starting point.”

The special price of $2,100 will be offered to attendees participating in both events. Registrations are being accepted until the conference quota is reached.

English and Spanish language event brochures are available on The Alta Group LAR events page: http://www.thealtagroup.com/latin-america/news/events/events.

Questions about event registration or hotel reservations should be directed to Katrin Forster at katrin.forster@thealtagrouplar.com, phone (954) 632-0922.

******Announcement*************************************

Angola, New York---Adopt a Dog

Maggie
Animal ID 11682776
Species Dog
Breed Beagle/Retriever, Labrador
Age 5 years
Sex Female
Size Medium
Color Tan/White
Spayed/Neutered
Declawed No
Location Adoption Dogs D Wing
Intake Date 10/15/2010

"Hi my name is Maggie. Wake up because I think I have something to say to you. I'm a shy yet charming canine searching for a patient owner with a relaxed lifestyle. I'm looking for gentle guidance to help me come out of my shell. Treat me sweet and kind and I'll blossom. Please visit me today and don't tell Rod Stewart that I paraphrased his song."

This pet also is eligible for 30 days of pre-paid pet health insurance. For more information please visit www.sheltercare.com or call 1-866-375-PETS at the SPCA, 205 Ensminger Rd., Tonawanda, NY 14150

Adoption information:
http://www.yourspca.org/page.aspx?pid=343

Erie County SPCA - Southtowns Shelter
1439 Pontiac Road
Angola, New York 14006
www.spcaec.com/site/PageServer

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

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

 

News Briefs----

Web Browsing Takes a Social Turn
http://www.nytimes.com/2010/11/08/technology/08browser.html?_r=1&ref=business

Hugh Hefner's goal: He wants to buy Playboy
http://www.chicagotribune.com/business/ct-biz-1107-playboy-hefner-20101106,0,977307.story

 

 

You May have Missed---

Peter Seeger: "Newspapermen meet such interesting people"
http://www.youtube.com/watch?v=M9T5BQBNa4Q&feature=player_embedded

 

 

Sports Briefs----

Top 25: TCU jumps Boise State for No. 3 spot; Oregon still No. 1
http://content.usatoday.com/communities/campusrivalry/post/2010/11/top-25-tcu-jumps-boise-state-for-no-3-spot-oregon-still-no-1/1?loc=interstitialskip

Taylor: Cowboys are NFL's most pathetic team; time to fire Wade
http://www.dallasnews.com/sharedcontent/dws/spt/stories/110810dnspotaylorcol.20ae1c7ec.html

NFL Scoreboard:
http://nytimes.stats.com/fb/scoreboard.asp

 

 

“Gimme that Wine”

State of Washington Wine Industry: The Same
http://www.winesandvines.com/template.cfm?section=news&content=80673&
amp;htitle=State%20of%20Washington%20Wine%20Industry%3A%20The%20Same

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com

http://www.wine-searcher.com/

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

Winery Atlas
http://www.carterhouse.com/atlas/\

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

    1519- After landing on the Yucatan peninsula in April, Spaniard Hernan Cortés and his troops marched into the interior of Mexico to the Aztec capital and took the Aztec emperor Montezuma hostage. Going against the governor’s orders, he took 800 Spaniards on eleven ships, landing on what is now Vera Cruz on the east coast of Mexico., Marching to meet the Aztecs, he persuaded thousands of Indians to join his forces. He had horses, muskets, pistols, steel swords, and armor. The Indians
thought he was from God, or maybe he was God. His military triumphs led to 300 years of Spanish domination of Mexico and Central America. He brought horses to our continent (more on that when we write about Coronado ) and his troops were the first to “invade” what is now the United States, actually exploring parts of what we now call New Mexico. In one village, after an uprising against their visit, he cut off the right foot of every male adult so they would not attach them again.
    1731 - Benjamin Franklin opened the 1st US library. The first circulating library in America, the Library Company of Philadelphia, was founded by Benjamin Franklin and others.
    1775- Mail franking privilege allowing free use of the mail was granted to members of Congress and private soldiers in service. Regulations of January 9, 1776, provided that soldiers’ mail was to be franked by the officer in charge. On April 3, 1800, free franking of mail during her natural life was granted to Martha Washington.
    1837- The first college for women in the United States was founded as Mt. Holyoke Seminary in
South Hadley, Massachusetts. While many colleges for women became coeducational institutions in the 1970’s and 1980s, Mt. Holyoke remains a women’s college.
    1861-The Trent Affair. The United States almost went to war over the capture of a British
ship supposedly bringing supplies to the confederacy.
http://memory.loc.gov/ammem/today/nov08.html
    1870 - The first storm warning was issued by the U.S. Signal Corps Weather Service
    1883 – Birthday of painter Charles Demuth (1883-1935)
http://www.artchive.com/artchive/D/demuth.html
http://www.artcyclopedia.com/artists/demuth_charles.html
http://www.demuth.org/
    1884 - Samuel Sidney McClure established McClure's Syndicate in New York City, the first newspaper syndicate.
    1887- Gas lighting brought many fires the end of this century. Though Boston had experienced several damaging fires, the worst one started on this Saturday evening in a dry-goods warehouse. Spreading rapidly in windy weather, it devastated several blocks of the business district, destroying nearly 800 buildings. Damage was estimated at more than $75 million. It was said that the fire caused a bright red glare in the sky that could be seen from nearly 100 miles away. The Boston fire came one year, one month and one day after the Great Chicago Fire of Oct 8, 1871.
    1889 - Montana became the 41st state in the United States. Helena is the capital of Montana; the western meadowlark is the state bird and the bitterroot is the state flower. Of course, this has nothing to do with some of Montana’s bitter history, its most notorious event: The Battle of Little Big Horn (Custer’s Last Stand).
    1889 --Birth of Oswald J. Smith, Canadian clergyman. Founder of the People's Church of Toronto, Smith also authored a number of books and composed more than 1,200 hymns, including "The Song of the Soul Set Free."
    1900- birthday of Margaret Mitchell, American novelist who won a Pulitzer Prize (1937) for her only book, Gone with the Wind, a romantic novel about the Civil War and Reconstruction. Gone with the Wind sold about 10,000,000 copies and was translated into 30 languages. Born at Atlanta, GA, Mitchell died there after being struck by an automobile Aug 16,1949.
    1900 - Theodore Dreiser's first novel, Sister Carrie, a realistic book, was published by Doubleday & Company. Worried about the immorality of the book, and suffering public pressure, the publisher pulled the book off the stands. Depressed, Dreiser was unable to write another novel for over a decade.
    1904-Theodore Roosevelt was reelected president of the United Sates. Charles W. Fairbanks was elected vice president. The electoral vote was Roosevelt, 336; Alton B. Parker, Democratic candidate, 140. The popular vote was Roosevelt 7,628,834; Parker, 5,884, 401; Eugene V. Debs, Socialist candidate, 402,460; Dr. Silas C. Swallow, Prohibition Party, 259,257; Thomas E. Watson, People’s Party, 114,752. The Republicans carried Missouri for the first time since the Civil War in what was the biggest election victory since 1872. They maintained a 57-33 majority over the Democrats in the senate and picked up 43 seats in the House for a 250-136 majority.
    1906-Cameraman Fred A. Dobson began filming The Skyscrapers of New York atop an uncompleted skyscraper at Broadway and 12th Street, the first documentary of the changing of a metropolitan landscape due to the innovation of steel girders.
( lower half of: http://memory.loc.gov/ammem/today/nov08.html )
    1907-Birthday of actress Katherine Hepburn,. Academy Awards for Morning Glory (1932), Guess Who's Coming to Dinner? (1967), The Lion in Winter (1968) and On Golden Pond (1981). Nominated eight more times for her work in such movies as The Philadelphia Story (1940), and The African Queen (1951).
    1927-singer Chris Connor birthday http://www.ddg.com/LIS/InfoDesignF96/Ismael/jazz/1950/Connor.html
    1929 -- Museum of Modern Art (MOMA) opens, New York City.
http://www.moma.org/about_moma/
    1932-Franklin D. Roosevelt was elected president of the United Sates in a Democratic landslide. John Nance Garner was elected vice president. Roosevelt carried all by seven states with 472 electoral votes to 58 for Herbert Hoover. The popular vote was Roosevelt, 22,821,857; Hoover 15,761,841. Norman Thomas, Socialist, 881,9951; William Z Foster, Communist, 102,785; Verne L. Reynolds, Socialist Labor 33,276; William D. Upshaw, Prohibition, 81,869; Jacob S. Coxey, Farmer Labor, 7309. In congressional elections the Democrats gained 13 Senate seats for a 60-35 majority. In the House the Democrats gained 90 seats for a 310-117 majority, with five seats going to minor parties.
    1938-The first state legislator who was an African-American woman was Crystal Bird Fauset of Philadelphia, PA, elected to the Pennsylvania House of Representatives. Her term of office began on December 1,1938 and she was sworn in and assumed her seat on January 3, 1939. She later became Assistant Director for the Works Progress Administration in Pennsylvania and served as a race relations advisor to First Lady Eleanor Roosevelt and New York City Mayor Fiorello La Guardia.
She chairperson of the Philadelphia Negro Woman's Democratic League and a member of the board of trustees of Cheyney State Teachers College and the board of directors of the Small Business Opportunities Corporation of Philadelphia. She died on March 27, 1965
http://www.afsc.org/about/hist/2003/crystal_bird_fauset.htm
    1939 - Frank Sinatra had his last recording session with the Harry James Band. "Every Day of My Life" and "Ciribiribin" were recorded. If you listen to these records today, you will not be able to identify Sinatra as he sounded more a “crooner” without the phrasing or rhythm in the 1950’s and forward.
    1949-Birthday of Bonnie Raitt, singer, songwriter. Grammy award winner. Her mother was a pianist. Daughter of actor, John Raitt
    1950-The first pilot of a jet fighter to win a dogfight in the Korean War was First Lieutenant Russell John Brown of Pasadena, CA, the pilot of an Air Force F-80, who destroyed a MiG-15 over Northern Korean in jet-versus-jet combat.
    1952-Maurice “Rocket” Richard of the Montereal Canadiens became the leading career goal scorer in the National Hockey League with his 325th career goal in a 6-4 win over the Chicago Blackhawks.
    1953 - Residents of New York City suffered through ten days of smog resulting in 200 deaths.
    1954- Dave Brubeck makes “Mime” Magazine cover for “Take Five.” Louis Armstrong was
the first jazz musician to make Time’s front page in 1947.
    1954 - The American League approved transferring the baseball's Philadelphia Athletics team to Kansas City, Missouri. Charles O. Finley of Chicago, Illinois would eventually tire of Kansas City and relocate the A’s to Oakland, California.
    1955---Top Hits
Autumn Leaves - Roger Williams
Moments to Remember - The Four Lads
I Hear You Knocking - Gale Storm
That Do Make It Nice - Eddy Arnold
    1956 - Cecil B. DeMille's cinema classic, The Ten Commandments, starring Charlton Heston and Yul Brynner, premiered in New York. It later won an Oscar for Best Special Effects, and received a Best Picture nomination.
    1959 - Elgin Baylor, the Minneapolis Lakers' "Big E", scored 64 points to set a National Basketball Association scoring mark. The Lakers defeated Boston 136-115.
    1960 – John Fitzgerald Kennedy was elected president of the United States. Sen. Kennedy, Democrat of Massachusetts, was the second youngest man ever to win the nation’s highest office. Sen. Lyndon Baines Johnson, Democrat from Texas, was elected vice president. The electoral vote was Kennedy, 303, Nixon, 219, and Senator Harry F. Byrd, 15. Kennedy won 49.7% and Nixon $49.6% of the popular vote making the election one of the closest in U.S. history. In congressional elections the Democrats took a 65-35 majority in the senate. In the House they lost 20 seats but kept a majority of 263-174.
    1963---Top Hits
Sugar Shack - Jimmy Gilmer & The Fireballs
Deep Purple - Nino Tempo & April Stevens
Washington Square - The Village Stompers
Love’s Gonna Live Here - Buck Owens
    1963-Dick Clark's traveling Caravan of Stars opens its fall 1963 tour in Teaneck, New Jersey. The bill features Bobby Vee, Brian Hyland, the Ronettes, Little Eva and the Dovells among others.
    1964 - Judy Garland and daughter, Liza Minnelli gave a joint appearance at the London Palladium. The program was shown on television in the United States, and was recorded on the LP, "Live at the London Palladium" that became a classic for Capitol Records.
    1965 - The daytime soap opera, Days of Our Lives, starring MacDonald Carey as Dr. Tom Horton, premiered.
    1965- “Days of Our Lives” premiered on television. This popular daytime serial, like many others, has gone through many changes throughout its run. It expanded from 30 minutes to an hour; it went to number one in the ratings and slipped to nine out of 12 in the 1980s; and it dropped or de-emphasized older characters, which angered its audience. The soap is set in Salem and centers around the Horton and Brady families. Notable cast members included Mary Frann, Joan Van Ark, Susan Oliver, Mike Farrell, Kristian Alfonso, Carry Marshall, John Aniston, Josh Taylor, Wayne Northrop, John DeLancie, Andrea Barber, Deidre Hall, Thaao Penghlis, Jason Bernard, Marilyn McCoo, Charles Shaughnessy, Peter Reckell, Francis Reid, Patsy Pease and Genie Francis.
    1966- The first US Senator who was African-American to be elected by popular vote was Edward William Brooke, the attorney general of Massachusetts, who was elected by a popularity of 439,000 votes. A graduate of Howard University and Boston University Law School, the liberal Republican Brooke served in the Senate for twelve years, until he was defeated by Paul Tsongas in 1978. Brooke was instrumental in developing the legislation that would become the 1970 Housing and Urban Development Act. He now lives in Miami, Florida.
http://bioguide.congress.gov/scripts/biodisplay.pl?index=B000871
    1966 - Actor and future United States President Ronald Reagan was elected governor of California, beating incumbent Governor Pat Brown, former District Attorney of San Francisco. When he first heard Reagan was going to run against him, Brown was noted to say, “Hey, we got a shoo in as they are going to run an actor from Hollywood against me.”
    1966 - The temperature in downtown San Francisco reached a November record of 86 degrees.
    1966--RUBIO, EURIPIDES Medal of Honor
Rank and organization: Captain, U.S. Army, Headquarters and Headquarters Company, 1st Battalion, 28th Infantry, 1st Infantry Division, RVN. Place and date: Tay Ninh Province, Republic of Vietnam, 8 November 1966. Entered service at: Fort Buchanan, Puerto Rico. Born: 1 March 1938, Ponce, Puerto Rico. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Capt. Rubio, Infantry, was serving as communications officer, 1st Battalion, when a numerically superior enemy force launched a massive attack against the battalion defense position. Intense enemy machinegun fire raked the area while mortar rounds and rifle grenades exploded within the perimeter. Leaving the relative safety of his post, Capt. Rubio received 2 serious wounds as he braved the withering fire to go to the area of most intense action where he distributed ammunition, re-established positions and rendered aid to the wounded. Disregarding the painful wounds, he unhesitatingly assumed command when a rifle company commander was medically evacuated. Capt. Rubio was wounded a third time as he selflessly exposed himself to the devastating enemy fire to move among his men to encourage them to fight with renewed effort. While aiding the evacuation of wounded personnel, he noted that a smoke grenade which was intended to mark the Viet Cong position for air strikes had fallen dangerously close to the friendly lines. Capt. Rubio ran to reposition the grenade but was immediately struck to his knees by enemy fire. Despite his several wounds, Capt. Rubio scooped up the grenade, ran through the deadly hail of fire to within 20 meters of the enemy position and hurled the already smoking grenade into the midst of the enemy before he fell for the final time. Using the repositioned grenade as a marker, friendly air strikes were directed to destroy the hostile positions. Capt. Rubio's singularly heroic act turned the tide of battle, and his extraordinary leadership and valor were a magnificent inspiration to his men. His remarkable bravery and selfless concern for his men are in keeping with the highest traditions of the military service and reflect great credit on Capt. Rubio and the U.S. Army.
    1967-JOEL, LAWRENCE Medal of Honor
Rank and organization: Specialist Sixth Class (then Sp5c), U.S. Army, Headquarters and Headquarters Company, 1st Battalion (Airborne), 503d Infantry, 173d Airborne Brigade. Place and date: Republic of Vietnam, 8 November 1965, Entered service at: New York City, N.Y. G.O. No.: 15, 5 April 1967. Born: 22 February 1928, Winston-Salem, N.C. Citation: For conspicuous gallantry and intrepidity at the risk of life above and beyond the call of duty. Sp6c. Joel demonstrated indomitable courage, determination, and professional skill when a numerically superior and well-concealed Viet Cong element launched a vicious attack which wounded or killed nearly every man in the lead squad of the company. After treating the men wounded by the initial burst of gunfire, he bravely moved forward to assist others who were wounded while proceeding to their objective. While moving from man to man, he was struck in the right leg by machine gun fire. Although painfully wounded his desire to aid his fellow soldiers transcended all personal feeling. He bandaged his own wound and self-administered morphine to deaden the pain enabling him to continue his dangerous undertaking. Through this period of time, he constantly shouted words of encouragement to all around him. Then, completely ignoring the warnings of others, and his pain, he continued his search for wounded, exposing himself to hostile fire; and, as bullets dug up the dirt around him, he held plasma bottles high while kneeling completely engrossed in his life saving mission. Then, after being struck a second time and with a bullet lodged in his thigh, he dragged himself over the battlefield and succeeded in treating 13 more men before his medical supplies ran out. Displaying resourcefulness, he saved the life of 1 man by placing a plastic bag over a severe chest wound to congeal the blood. As 1 of the platoons pursued the Viet Cong, an insurgent force in concealed positions opened fire on the platoon and wounded many more soldiers. With a new stock of medical supplies, Sp6c. Joel again shouted words of encouragement as he crawled through an intense hail of gunfire to the wounded men. After the 24 hour battle subsided and the Viet Cong dead numbered 410, snipers continued to harass the company. Throughout the long battle, Sp6c. Joel never lost sight of his mission as a medical aid man and continued to comfort and treat the wounded until his own evacuation was ordered. His meticulous attention to duty saved a large number of lives and his unselfish, daring example under most adverse conditions was an inspiration to all. Sp6c. Joel's profound concern for his fellow soldiers, at the risk of his life above and beyond the call of duty are in the highest traditions of the U.S. Army and reflect great credit upon himself and the Armed Forces of his country.
    1969- "Wedding Bell Blues" by 5th Dimension topped the charts and stayed there for 3 weeks.
    1970---Tom Dempsey of the New Orleans Saints set an NFL record by kicking a 63-yard field goal to give the Saints a 19-17 victory of the Detroit Lions.
    1970-im Morrison records the poetry that the other members of the Doors would set to music after his death and issue on the 1978 album, "An American Prayer."
    1971---Top Hits
Gypsys, Tramps & Thieves - Cher
Theme from Shaft - Isaac Hayes
Imagine - John Lennon Plastic Ono Band
Here Comes Honey Again - Sonny James
    1971-Sly & the Family Stone have huge hits with "Family Affair" and "There's a Riot Goin' On". The album's title could well describe some of Sly's concerts during this time. Much to his fans' dismay, he's a frequent no-show. Of eighty concerts booked in 1970, he canceled 26 and has ducked out of 12 of forty shows in '71.
    1973 - No. 1 Billboard Pop Hit: "Keep on Truckin' (Part 1)," Eddie Kendricks.
    1973-The first golfer to earn $100,000 in a contest was Miller Barber of Texas, who won the first prize of $100,000 in 144 strokes in the World Open at Pinehurst, NC, on November 8-17.
    1974 -- Lt. William Calley is paroled after serving about three years in "prison" (under house arrest in his apartment) for overseeing the murder of Vietnamese civilians (possibly as high as 500 or more) at My Lai
http://www.fortunecity.com/tinpan/parton/2/mylai1.html
    1978-A bizarre NBA game happened during the Philadelphia 76ers and the New Jersey Nets, when an official assessed three technical fouls against Nets coach Kevin Loughery and player Bernard King The league office ruled that the official had acted in error and ordered the game replayed. It was on March 23, 1979, and Philadelphia won, 137-133. On February 7, however, the 76ers traded Ralph Simpson to New Jersey for Erick Money and Harvey Catchings. So these three wound up finishing
the game on March 23rd as members of the team they had originally opposed.
    1979---Top Hits
Pop Muzik - M
Heartache Tonight - Eagles
Dim All the Lights - Donna Summer
You Decorated My Life - Kenny Rogers
    1979-The Grateful Dead's "Shakedown Street" LP is released.
    1983- Dale Murphy (.302, 36, 121) joins Ernie Banks, Joe Morgan and Mike Schmidt as one of the players who has won the MVP award in consecutive years. The soft-spoken Braves' outfielder receives 21 of the 24 votes cast.
    1983 - No. 1 Billboard Pop Hit: "All Night Long (All Night)," Lionel Richie. Richie sings the song at the closing ceremonies of the 1984 Olympic Games in Los Angeles.
    1986 -a new Utah record for wind was set when a wind gust of 124 mph was recorded on 11,000 foot Hidden peak in the Snowbird area
    1987---Top Hits
I Think We’re Alone Now - Tiffany
Causing a Commotion - Madonna
Mony Mony "Live" - Billy Idol
Am I Blue - George Strait
    1988-George Bush was elected president of the United States, carrying 40 states. He defeated Governor Michael Dukakis of Massachusetts, the Democratic candidate. The electoral vote was Bush,
426, Dukakis 112. The popular vote was Bush, 47,917,341, Dukakis, 41,013,030. In congressional elections the Democrats gained one Senate seat for a 55-45 majority; in the House they gained 3 seats for a 260-175 majority.
    1990- the Gender Gap at the voting booth succeeded in electing Ann Richards as Texas Governor (with 61% of the women's vote) and Barbara Roberts as Oregon Governor with 30% more of the women's vote than her opponent got. Sharon Pratt Dixon was elected the first black woman to head the Washington, D.C. government. Joan Finney who opposed abortion was elected governor of Kansas. Of 85 women who ran for statewide offices, 57 won... all with significant Gender Gap margins...
    1991- The new Carol Burnette Show premieres on CBS-TV
Her first run on TV lasted from September 11, 1967 - March 29, 1978.
My good friend Warren Luening played lead trumpet for her TV show and toured with her. He said he enjoyed every minute as she was a wonderful person to work for and always thoughtful of those around her. What you saw on TV was the way she really was in life, he commented.
http://www.tvtome.com/tvtome/servlet/PersonDetail/personid-1025
http://timvp.com/carolb.html
http://us.imdb.com/title/tt0302389/
    1991 -the first week of November ended in Iowa with the average temperature for the state of 18.3 degrees, a full 24.7 degrees below normal. Easily this was the coldest first week of November ever.
    1993 - Microsoft Windows for Workgroups 3.11 was released. The operating system boasted improved support for NetWare and Windows NT, and slipped in numerous architectural changes to improve performance and stability (changes that later found their way into Windows 95).
    1994---Top Hits
I ll Make Love To You- Boyz II Men
All I Wanna Do- Sheryl Crow
Another Night- Real McCoy
Here Comes The Hotstepper (From "Ready To Wear")- Ini Kamoze
    2004-- Receiving 27 of 28 first-place votes, Bobby Crosby (.239, 22, 64) wins the American League Rookie of the Year Award. The Oakland shortstop, who is the son of former big leaguer infielder Ed Crosby, joins Harry Byrd (1952), Jose Canseco (1986), Mark McGwire (1987), Walt Weiss (1988) and Ben Grieve (1998) as the sixth A’s freshman to be honored by BBWAA.

Football Poem

Born To Win

R.G. Graham

When you were in your crib tiny and small,
And everyone was looking at you one and all,
They smiled with pride and said again and again,
This child is special and was born to win!

Grandma and grandpa and mom and dad too,
Brother and sister were all looking at you,
They just couldn't help getting a grin,
And saying this child is special and was born to win!

And now you're getting older probably past two,
And they keep saying there's nothing you can't do
Because you're kind to all and obey your mom and dad,
You pick up your toys and go early to bed.

You're kind to your neighbors and all your friends too,
You share with them things that are special to you,
And children are so happy that you are their friend,
They know in their heart you were born to win.

So when you go to school and see children that are sad.
Pat them on the back and say it's not so bad.
Because I like you, would you please be my friend,