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Classified Ads--Outsourcing (sample)
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#### press release ##################################
NACM Credit Manager's Index Report for October 2003 Highest Since May
The combined NACM Credit Manager's Index of 57.9 is at its highest level since May 2002. This performance is primarily driven by the manufacturing sector, which reached its highest reading in its history, dating to February 2002. The service sector participated in the October gains. The service index reading of 56.3 is its first up-tick since May of this year. Hopefully, the service performance indicates continuing improvement in this sector for the fourth quarter of this year. Overall, the economy continues to strengthen.
Given the news stated for the manufacturing and service sectors, there is little to say about the combined sectors. The combined index has improved for three consecutive months. Eight of the 10 factors making up the index either improved or stayed the same relative to their September readings. "Accounts placed for collections" have declined to neutral territory and "filings for bankruptcies" have increased, although still providing a favorable reading of 55.8.
As stated last month, it appears the economy will continue its steady improvement during the fourth quarter. "New credit applications" and "amount of credit extended" got stronger in October, which bodes well for November.
Treasury Security Three Month Down-Six Month Up
$16 billion in three-month bills were sold by the US Treasury Department at a discount rate of 0.935 percent, down from 0.940 percent last week. $16 billion were sold in six-month bills at a rate of 1.040 percent, up from 1.025 percent.
The three-month rate was the lowest since Oct. 20, when the bills sold for 0.920 percent.
The six-month rate was the highest since June 2, when the rate was 1.095 percent. The actual return for investors -- 0.951 percent for three-month bills with a $10,000 bill selling for $9,976.40, and 1.063 percent for a six-month bill selling for $9,947.40.
The yield on three-year Treasury notes rose to 2.625 percent, up from 2.422 percent at the last auction on Aug. 5. It was the highest rate since three-year notes sold for 5.633 percent on May 12, 1998. A total of $24 billion in notes was sold out of bids totaling $50.7 billion.
The average yield for one-year constant maturity Treasury bills rose to 1.35 percent last week from 1.30 percent.
### Press Release #####################################
CIT to Redeem Senior Public Income Notes
LIVINGSTON, N.J., -- CIT (NYSE: CIT)
announced that on December 15, 2003 CIT will redeem for cash, its 8.125%
Senior Public Income Notes (PINES, NYSE Ticker: CIC), trading under the name
Capita Corporation, formerly know known as AT&T Capital Corporation. The
redemption price will be equal to 100% of the principal amount redeemed plus
accrued and unpaid interest to but excluding the date of redemption.
Currently, $735 million of this security is outstanding.
CIT Group Inc. (NYSE: CIT), a leading commercial and consumer finance
company, provides clients with financing and leasing products and advisory
services. Founded in 1908, CIT has nearly $50 billion in assets under
management and possesses the financial resources, industry expertise and
product knowledge to serve the needs of clients across approximately 30
industries. CIT, a Fortune 500 company, holds leading positions in vendor
financing, U.S. factoring, equipment and transportation financing, Small
Business Administration loans, and asset-based and credit-secured lending.
CIT, with its principal offices in Livingston, New Jersey and New York City,
has approximately 6,000 employees in locations throughout North America,
Europe, Latin and South America, and the Pacific Rim. For more information,
visit http://www.cit.com .
SOURCE CIT Group Inc.
#### Press Release ################################
Tyco to Slash Jobs/Operations
Tyco announced plans to pare operations, slash
7,200 jobs, consolidate more than 200 facilities, sell its
undersea fiber-optic telecommunications
network and depart more than 50 other small
Over the past several years Tyco has struggled to
recover from a world-wide glut of fiber-optic capacity
and from an accounting scandal that engulfed the
company's senior executives.
Only Tyco's plastics-and-adhesives segment won't see
divestitures. Measured on the basis of revenue, more
than half of the planned sales are in the company's fire-
and-security segment, which has been affected by
accounting troubles. The restructuring program calls for
consolidation of 219 facilities, most of them in the fire-
and-security segment. The job cuts represent 2.8% of
Tyco's world-wide work force of 260,000 employees.
Revenue from Tyco's fire-and-security, electronics and
health-care segments rose, while revenue from two
other segments -- engineered products and services,
and plastics and adhesives -- fell.
Former Tyco Chairman Chief Executive L. Dennis
Kozlowski and former Chief Financial Officer Mark
Swartz are on trial in New York on charges they
embezzled $170 million in unauthorized pay and loans.
They have denied wrongdoing. If convicted, each could
face up to 30 years in prison.
The List is Up-Dated
Here is the full list in HTML both chronological and alphabetical”
Here is the up-date to the chronological list:
Ag Services of America, Inc. (NYSE:ASV) (11/03) Rabobank to Acquire Ag Services of America, Inc.; Rabobank (corporate and investment banking arm of The Netherlands-based Rabobank Group) Continues Its Expansion of US Agri-Business Finance
Orix (11/03) " Holmes had four businesses reporting to him, the ones run by Hidder, Crain, Neptune and Fite. Today after the reorganization Corr gets only one of those businesses, the old Credit Alliance portfolio run by Fite. The other three organizations that Holmes recruited and nourished at OFS are all reporting elsewhere. How long will those guys stay around, they jumped ship from elsewhere to follow Holmes? And what is the fate of Fite, is he really necessary if all Corr has is the Equipment business?" (11/03)Fitch Places ORIX Special Servicer Rating Watch Negative| (10/03) http://two.leasingnews.org/loose_files/Orix_Motivational_Posters.ppt (10/03) Beyond comedy. (10/03) Holmes gone! (10/03) Orix floundering, Holmes to going, going... (9/03) US team in trouble, look for shake-up on top. (8/2001) "Orix Corporation was raised to "outperform" from "hold" by analyst Tomotaka Ohio at UFJ Capital Markets Securities". In a related story, Orix was reiterated "hold" by analyst Edward Gordon at WestLB Panmure. Insider tells us not much action happening at Orix. Shows what a press release about a new president coming on board and new credit manager. Hype still works on Wall Street. (7/2001) Hires Donald Cox as Exec.VP/CFO-30 years exp. at BofA. Many predict he will be a "figure head" and the company will not be around in two to three years---history will tell if this is correct or not. (4/2001) Orix to "consolidate;" close offices, moving to Atlanta, GA. (2/2001) Closes re-discount center, Steve Geller says "goodbye." Geller joins Leasing Advisory Board, receives many accolades from readers. (11/10 First six months profits up 14% at Orix! ) (11/8) New President at Orix appointed. 10/2000 "long-term Outlook has been revised from Stable to Negative". Credit Alliance has changed its name to ORIX Financial Services, 9/2000 Japanese Bank President commits Suicide (Orix is a 14.7% shareholder in bank having problems), (8/2000) closes small ticket vendor division in Portland Oregon, "Business as usual in New Jersey and with Brokers" says Steve Geller.
One World (11/03) Down to five members, but seeks new president (2/2003) Loses three members, obtains new CEO. http://www.leasingnews.org/#world
Microfinancial/Leasecomm (11) Changes name to Transaction Enabling Systems http://www.tes-edi.com/ (10/03) Net Loss $3.2 million for 3rd Q (10/03) class action filed. (5/03) Record Fine/Judgment Under the terms of the settlement with the Federal Trade Commission, Leasecomm will stop collection efforts on all outstanding judgments, totaling $24 million, involving the financing of the software and equipment for processing credit-card transactions. The company also agreed to stop financing those kinds of business opportunities in the future. Leasecomm will also pay a $1 million fine to be split by the states of Massachusetts, Florida, Illinois, Kansas, North Carolina, North Dakota and Texas. The district attorney for Ventura County, Calif. will also receive a portion of that fine.The company was looking for a financial partner, and there is the question regarding the selling of $500,000 stock by an executive officer before the stock took a nose dive. The company was also recently "re-listed" on the exchange. http://www.leasingnews.org/archives/June%202003/06_02_2003.htm#24 (5/03) New York Stock Exchange has accepted the Company's proposed compliance plan for continued listing on the Exchange (5/2003) Files $0.8 million quarter loss http://www.leasingnews.org/archives/May%202003/05_08_2003.htm#micro (4/2003) delays filing for 15 days with SEC (3/2003) to be de-listed (3/2003) Net loss for year-end was $7.7 million. http://www.leasingnews.org/archives/March%202003/03-11-03.htm#micro (2/2003) Stocks Falls to .73 cents on Friday, 12/2002-----The Board of Directors of MicroFinancial Inc. (NYSE:MFI) has suspended its dividend to comply with the Company's banking agreements. (11/2002) Leasecomm closes, shuts off all brokers, won't fund deals approved "Goes Down---CEO Sells $500,000 Stock Before the News." ( Microfinancial Stories )Waltham, MA (8/2001) Leasecomm, Attorney General investigating, many complaints on line.
Tyco (10/03) Trial starts, video's, excess spending, poor taste, many supermarket magazine headlines including affair with party organizer while married. http://www.usatoday.com/money/industries/manufacturing/ 2003-10-28-tyco-party-video_x.htm (7/2002) The 200 Million share offering, led by Goldman Sachs and Lehman Brothers went out at $23 each. Tyco Intl in a bid to ease its heavy debt load, raised $4.6 billion from the sale of its CIT Group, accepting half of what it paid for the finance Company a year ago.
Money Center Southern CA,
Milestone Capital, NJ (10/01) files for BK protection
Balboa Capital (9/03) Patrick Byrne is back, Shawn Giffin goes on sabbatical. ( 9/2000) Founder Pat Byrne "...office available any time he wants to use it".
Decision Systems/IDS (9/03) Becomes private company (8/03 Twins Engineers wins bid (8/03) Capital Stream to let offer lapse (7/03) Twins Engineering, Summit enter fray (7/03) Capital Stream ups ante ( 6/03) Bidding starts for ownership by CapitalStream, as others jump in. (3/2003) Year-end not so good in UK. www.leasingnews.org/archives/March%202003/03-12-03.htm#ids (2/2003)Highly reliable rumors US company for sale.
DVI Capital (9/03) Suit Filed Against Former Senior Executives of DVI as law suits galore appear (8/03) starts cutting employees, half let go, close to 200 now (8/03) DVI files BK (8/03) Leasing News insiders say deals not being funded, real problems, company most likely will file bankruptcy, major problems. (12/2000 out of broker )
Long Island, NY (9/03) Defendents on bail,
"house confined," with trial to start April 12, 2004. "Status Conference
adjourned to 11/14/03 @ 1:30 p.m. before USDJ Spatt. Conference held.
Speedy Trial Information on Dfts: Code Type: XT, Start Date: 9/5/03,
Stop Date: 4/12/04. Excludable Delay entered on the record. Next Status
Conference: 1) Conclude discovery 2) Set motion schedule. Questionnares
two weeks before jury selection on 3/30/04. 3/31/04 counsel to pick
up questionnaires. 4/6/04 all counsel to agree on jurors who will return
for Jury Selection. Jury Selection 4/12/04 @ 9:00 a.m. Consent to Magistrate
Judge selecting jury by dfts and govt. No adjournments of Jury Selection
date will be granted. Re: Bradley Simon's Letter dated 9/2/03. Govt
to move documents to another location and keep boxes (2nd set) for the
Courthouse." Last file is a letter: "Ms. Besser is currently subject
to a 7:00 p.m. curfew as part of her pre-trial supervision and requests
that the curfew be lifted on 10/19/03 so she may participate in a gathering
in Manhattan." It appears for the defendents to ask to either/or travel
from their home or at certain hours, as they are remanded to their residence
with electronic monitors on their ankle.
Capital Stream, (8/03) John Kruse, Jim Brady, Cliff Monlux Open New Company: MAINSTREET FINANCE. Kruse and Monlux were original founders of CapitalStream, originally System 1 and Capital Advantage (6/03) Raises money for acquisitions, first move is to Buy Decision Systems International American operation. (1/2003)John Kruse has left the building. (10/2002) Corporate take-over by Wired Capital, complete new management team and officers, John Kruse now "salesman." For a full story click here (3/2002) Steve Campbell Resigns as CEO, (8/2001) John Kruse, VP, Account Development, announces another reduction of staff as "... precautionary measures because we don't see an immediate resolution to the economic downturn. We still remain financially healthy, and believe that reducing our capacity is a prudent business decision." Hal Hayden, Jim Buckles, Randy Anderson, many sales people gone.
Bay View Capital, San Mateo, CA (7/03) (the Company) reported net assets in liquidation of $409.9 million, or $6.37 in net assets in liquidation per outstanding share at June 30, 2003 as compared to $411.0 million, or $6.41 in net assets in liquidation per outstanding share at March 31, 2003. (8/2001) Jeff Allard last day, door now closed says "Goodbye", going to co-produce "Texas Chain Saw Massacre" movie. (7/2001) reports a second quarter 2001 net loss of $95.4 million. (5/2001) Jeff Allard, CLP, COO ... "decided to exit the commercial leasing business and other business lines due to the strategic change in the company's direction as determined by the new management team." Parent company running out of money, a lot of good people let go. (2/2001) reports fourth quarter net loss of $92.5 million. (12/2000) Announces $17 million loss/later does not issue dividend.
Merrill Lynch Financial (7/03) Merrill Lynch Capital To Be a Major Player: Remiker appointed John Settano as Director of Syndications to Merrill Lynch Capital Equipment Finance. Mr. Settano, a veteran of US Leasing for twenty-eight years, has extensive transaction structuring, pricing, documentation, tax leasing, credit underwriting, and product distribution experience with a solid reputation in the leasing industry. (4/03) Robert E. Radway, Managing Director and President, Merrill Lynch Capital, announced the appointment of Richard J. Remiker as Managing Director of its Equipment Finance Group (3/2003) Merrill Lynch Business Financial Services is working with De Lage Landen Financial Services, Inc. of Wayne, PA., enters online lease financing from $10,000 to $2 million-plus for a wide range of commercial equipment. This includes computers, software, telephone and voice-mail systems, medical, dental and diagnostic equipment, construction and materials handling/industrial equipment, and more.
CIT / Group (7/03) CIT Elects Jeffrey M. Peek President & COO, Reorganizes Senior Management Structure (8/2002) CIT Execs/Directors take stock Bonuses (7/2002) The 200 Million share offering, led by Goldman Sachs and Lehman Brothers went out at $23 each. Tyco Intl in a bid to ease its heavy debt load, raised $4.6 billion from the sale of its CIT Group, accepting half of what it paid for the finance Company a year ago. (6/2002) Tyco loses 30% of stock value, insider loans and shenanigans by directors embarrassing to all, maybe illegal, too, says SEC, IRS, State Attorney General. (6/2002) CEO Dennis Kozlowski---Delusions of Grandeur: Tyco gets a lot worse, like a dark Opera, CEO resigns, directors taking private loans, and talk is they should all resign (5/2002) Tyco to spin off CIT within 45 days (5/2002) Tyco to pay off $10 billion debt by selling CIT(4/2002)CEO Al Gamper says this is the "quiet period" to employees on line.(3/2002)board member borrows millions, loans to insiders made. (2/2002) Tyco International pledged to accelerate its breakup plan, starting with a spin-off or sale of its Tyco Capital finance arm within 8 to 12 weeks. (2/2002) Participants at the Equipment Leasing Association Annual CEO Forum, Feb. 4-5, expressed doubt that Tyco can successfully spin off it financial unit, CIT, through an IPO. Prez. Kozlowski says $10 billion- paid too much for CIT, analysts say will sell for $7.7 billion to $12 billion. Stockholder suit against company. Says Kozlowski made too much money-finder fee to director Walsh too much. Trouble in River City, however Kozlowski holding it together, But the shares remain 49% below where they started the year. (1/2002) Tyco to Separate Into Four Independent, Publicly Traded Companies. (10/2001 ) Tyco Makes it Official: CIT Tyco Capital (8/2001) Many opt to move to Tempe, AZ, stay with CIT, become bold, challenge GE and others in the marketplace, morale up, company on the move. ( 5/2001) CIT Shareholders Approve Proposed Tyco-CIT Acquisition (3/2001) Tyco International Ltd. makes offer for about $9.2 billion in cash and stock in a deal that would allow the manufacturer to finance purchases of its wide array of products. Bermuda Hq, N.H.. operation office. ( 2/2001) Closing Atlanta office and others, "freeze" on new broker business from this office (5/2001) Bruce Nelson, Tempe, Arizona seeking broker business. "We are an asset based lender and provide equipment financing in the following industries: Construction, Transportation, Logging, Material Handling, Corporate Aircraft, Mining, Energy, & Marine."
Matsco Financial (7/03) Greater Bay Bancorp Reports Net Income of $48 Million for the First Six Months of 2003; Credit Quality Stable and now in compliance. Greater Bay Bank telephone conference:" Didn't sell any Matsco loans (securitizations last quarter due to operational problems, these loans are in the 1 ½ million to 2 million dollar range---problem is primarily due to a front system conversion, not complete, that will allow Matsco to save a quarter million a month in operation expenses when it is up and running (said in question and answer session at end of conference). Basically Greater Bay Bank is a "business bank" and should not be compared to peers who are more into consumer finance; they are a relationship bank and want to continue in that manner. Personal guarantees are important in real estate because in many instances the president of the bank can go to the person directly and ask them to stand up; the bank plans to be tight on operations and even more so, the local economy has been one of the toughest, especially the last couple of years, but the bank is in a strong position when the bay area turns around, capital levels very strong, although loans have been sluggish recently, but perhaps will move soon as there are some signs, less commercial real estate loans, no residential mortgages on balance sheet, loans were "flat," didn't sell any Matsco loans this last quarter due to operational problems, but plan to soon in the 1 ½ to 2 million dollar range (7/03) Having problems with vendors (Patterson Dental), real problem with operation system, while parent Great Bay has their own with their last audit. Shieman to make announcement (but does not.) (5/2003) Reliable sources report commercial and broker division shut down, people let go, company to work solely on captive vendor, dentistry, veteran,CPA marketplace. President Matt Shieman was to give a statement on this at the beginning of this week, but has apparently changed his mind. (12/2000 purchased by Greater Bay Bank)
LEASING ASSOCIATION MEETINGS
*** announcement *********************************************
AGLF November 12 Tucson, Arizona Conference
Association for Government Leasing and Finance
23rd FALL ANNUAL CONFERENCE
TENTATIVE SCHEDULE OF EVENTS
Wednesday, November 12
Noon Annual Golf Tournament
2:00 PM – 4:00 PM Basics Session
Thursday, November 13
8:00 AM – 1:30PM Keynote Speaker, General Sessions and Luncheon
Evening – Annual Conference Dinner Event
Friday, November 14
8:00 AM – Noon General Sessions, Ending with the Lawyers’ Panel
AELA Newsletter---New Arizona Leasing Association Nov. 13 Meeting
Arizona Equipment Leasing Association proudly announces our 1st issue of the newsletter attached here for your review. Our last meeting was a success and our next meeting is November 13th. Thanks to all the members who have joined and we look forward to seeing you at the next meeting.
*** Announcement **********************************************
MAEL ANNUAL DINNER November 18th
Plan To Be In Chicago November 18th, 2003 To Attend
The 21st Annual Dinner Meeting
MidAmerica Association of
you won't want to miss...
SPECIAL GUEST SPEAKER:
Anthony Galie, the motivational hypnotist!
The MidAmerica Association of Equipment Lessors ("MAEL"), ELA's largest
regional affiliate, will be hosting its 21st Annual Dinner Meeting at
the Westin Hotel @ O'Hare in Rosemont, Illinois.
*** announcement ************************************************
EAEL November 19th Linthicum, Maryland
Scott Wheeler and Dennis Horner of The Equipment Leasing Company and Nancy
Pistorio, Madison Capital, LLC our hosting an Eastern Association of Equipment
Lessor;s networking cocktail reception November 19 at the Holiday Inn, BWI Airport, in Linthicum, Maryland.
Come and mingle with your peers and find out what is happening in the Mid-Atlantic.
For more information, contact the EAEL office at 914 381 5830 or email
**** announcement *************************************************
UAEL Southern California Xmas Party December 4
Tis the Season ...
Mingle & Jingle at our 2nd Annual United Association of Equipment Leasing Southern California Holiday Cocktail Party & Charity Event
Date: Thursday, December 4, 2003
Time: 5:30 PM to 8:30 PM
Location: Café Tu Tu Tango
20 City Blvd West
Orange, CA 92868
Details: Menu: Hors d'oeuvres, Dessert, No-Host Bar
Entertainment: Salsa Dancers will spice up this holiday party!
Charity Event: Join us and bring an unwrapped toy that will be donated to Fire Station #1, Fountain Valley, CA. (Information to follow)
Cost: $15.00 UAEL Member "Early Bird" Ticket
$17.50 Non-UAEL Member "Early Bird" Ticket
** Ticket Prices after 11-10-03: $25.00**
Reserve your ticket today by emailing Gina Iacono at email@example.com
A special Thank You to Bank Of The West, Financial Pacific Leasing, Orion Financial Services, PFF Bank & Trust and Santa Barbara Bank & Trust for your contribution and support!
Event hosted by UAEL Southern California Regional Committee
Barbara Griffith, Tom Mulally, Mohammed Ahsan, Russ Munson, Larry Turner, Gina Iacono
Look for 2.7 million new jobs next year
Holiday hopes improve for retailers
This Day in American History
1701- The Carolina Assembly passed a Vestry Act making the Church of England the official religion of the Carolina Colony. (Strong opposition by Quakers and other resident Nonconformists forced the colony's proprietors to revoke their legislation two years later.)
1751- Margaret Molly Corbin birthday, revolutionary war hero who was near her husband at a battle when he was killed (women were on the battlefields of the war both as participants and as water, food, and munitions suppliers) and she immediately took over the cannon until she was wounded by enemy fire. Disabled, she lost the use of her left arm, she was granted a soldier's half- pay as a pension, was considered a full member of the military until mustered out in 1783. Margaret Corbin was listed on military rolls until April 1783. In 1926, the Daughters of the American Revolution had her remains moved from an obscure grave and re-interred with other soldiers behind the Old Cadet Chapel at West Point where they also erected a monument to her. Near the place of the battle, in Fort Tryon Park in New York City, a bronze plaque commemorates Margaret Corbin "the first American woman to take a soldier's part in the War for Liberty".
1775 -General Washington forbids recruiting officers enlisting blacks
who were not “free men.” He later rescinds this as many blacks enlist
in the British Army to earn their freedom from slavery.(Washington
was from Virginia and was one of the largest land owners and slave
owners in the state. As a side note, his best friends included the father
of Robert E. Lee, who was to become a Confederate general. Henry Lee
was to be the main drafter of the Declaration of Independence as
he was very popular, very well respected and educated, but due to a family emergency at his farm, he suggested Thomas Jefferson fill his stead. Coda:
In the 1800’s, Washington freed many of his slaves, who continued to work
the land as “free men” and after his death granted land to those remaining.
1815- birthday of Elizabeth Cady Stanton; American woman suffragist and reformer, Elizabeth Cady Stanton was born at Johnstown, NY. “We hold these truths to be self-evident,” she said at the first Women’s Rights Convention, in 1848, “that all men and women are created equal.” For 54 years she was the women's rights movement's principal leader, organizer, theorist, and writer. Preserved the early women's movement her story in the first three volumes of the monumental History of Woman Suffrage (1881-1922) written along with Susan B. Anthony and Joseyln Gage. She died at New York, NY. Oct 26,1902 You can read some of Stanton's works in the WiiN Library:
1864- Union General William T. Sherman orders the business district of Atlanta destroyed before he embarks on his famous March to the Sea.When Sherman captured Atlanta in early September 1864, he knew that he could not remain there for long. His tenuous supply line ran from Nashville, Tennessee, through Chattanooga, then one hundred miles through mountainous northern Georgia. The army he had just defeated, the Army of Tennessee, was still in the area and its leader, John Bell Hood, swung around Atlanta to try to damage Sherman's lifeline. Of even greater concern was the Confederate cavalry of General Nathan Bedford Forrest. Forrest was a brilliant commander who could strike quickly against the railroads and river transports on which Sherman relied.
During the fall, Sherman conceived of a plan to split his enormous army. He sent part of it, commanded by General George Thomas, back toward Nashville to deal with Hood while he prepared to take the rest of the troops across Georgia. Through October, Sherman built up a massive cache of supplies in Atlanta. He then ordered a systematic destruction of Atlanta to prevent the Confederates from recovering anything once the Yankees had abandoned the city. By one estimate, 37 percent of the city was ruined. This was the same policy Sherman would apply to the rest of Georgia as he marched to Savannah. Before leaving on November 15, Sherman's forces had burned the industrial district of Atlanta and left little but a smoking shell. In retaliation, the Confederates attempt to burn New York City
on November 25th (more on this on November 25th) As a side note: Historians
believe much of the destruction of Atlanta was also caused by Confederate
soldiers leaving no supplies for the invading Union Army, causing fires
in residential areas.
1892-William “Pudge” Heffelfinger became the first generally-acknowledged professional football player when he was paid $25 for expenses and a cash bonus of 4500. It was the cash bonus that made him professional. Scoring the winning touchdown for the Allegheny Athletic Association, he helped his team beat the Pittsburgh Athletic Club, 4-0.
1911- Trumpet player Buck Clayton Birthday http://www.jazzcanadiana.on.ca/_CLAYTON.htm
1915 - Harvard University's Theodore W. Richards became the first American to be awarded the Nobel Prize for chemistry. He was given his award in Stockholm, Sweden.
1920- in the wake of the growing scandal surrounding accusations that members of the Chicago White Sox conspired to fix the 1919 World Series, baseball owners appointed Federal Judge Kenesa Mountain Landis, the game’s first commissioner with extremely broad powers. Landis replaced the National Commission, a three man governing board, to a seven-year term from 1921 to 1928. He received a salary of $42,500 a year plus $10,000 for expenses to rule the 16 American and
National League baseball clubs. He was re-elected three times and died in office on November 24, 1944.
1925-First Louis Armstrong Hot Five recording, Chicago (Okeh label)
1920- an underwater highway tunnel with twin tubes was started this day to run from New York City to Jersey City under the Hudson River. It was named after its chief engineer, Clifford Milburn Holland. It was opened on November 12,
1927- by President Calvin Coolidge, who gave the signal form the presidential yacht Mayflower anchored in the Potomac River off Washington, DC. In that first hour, 20,000 people walked through the tunnel from shore to shore. Vehicular traffic was allowed through on November 13, 1927. 1921, the first conference of great powers to be held on American soil and affecting American interests was the Conference on the Limitation of Armaments, which was assembled at Memorial Continental Hall in Washington, DC, from this day to February 6, 1922. Nine nations took part in this conference: The United States, Great Britain, France, Italy, Japan, China, Holland, Belgium, and Portugal. The American delegation was headed by Secretary of State Charles Evans Hughes.
1925- Louis Armstrong Hot Five makes their first recording, Chicago, ILL Okeh
1929- birthday of Grace Kelly; American award-winning actress (Rear Window, To Catch a Thief) who became Princess Grace of Monaco when she married that country’s ruler, Prince Rainier Ill, in 1956. Born at Philadelphia, PA, she died of injuries sustained in an automobile accident, Sept 14, 1982, at Monte Carlo, Monaco. 1936 –San Francisco-Oakland Bay Bridge opens.
1933-First Sunday football game in Philadelphia (previously illegal)
1941-Madame Lillian Evanti, opera singer, founds the National Negro Opera Company.
1942 - The naval battle of Guadalcanal began between Japanese and American forces during World War II. The battle lasted un November 15. The U.S. scored a major victory, inflicting heavy losses on a Japanese task force and preventing Japanese reinforcements from reaching the island. The early TV series “Victory
at War” captures much of the famous battle.
1945-Singer Neil Young born Toronto, ON, Canada.
1946- drive-in banking service was instituted by the Exchange National Bank of Chicago, IL. Ten tellers’ windows protected by heavy bulletproof glass and impregnable corrugated steel were equipped with automatic slide out drawers to enable motorists to transact business without leaving their cars.
Because of You - Tony Bennett
Sin (It’s No) - Eddy Howard
And So to Sleep Again - Patti Page
Slow Poke - Pee Wee King
1955 - The worst recorded attendance to a football game occurred in the Washington State vs. San Jose State game at Pullman, Washington. The game was played as scheduled, despite high winds and a temperature of 0 degrees F. The total paid attendance was 1.
Mack the Knife - Bobby Darin
Mr. Blue - The Fleetwoods
Don’t You Know - Della Reese
Country Girl - Faron Young
1967 - On Broadway, Pearl Bailey took over the lead role in the musical, "Hello Dolly". "Pearlie Mae", as Buck was called, was a hit.
1967 - The Detroit Lions set an NFL record by fumbling the football 11 times and losing it 5 of those times.
To Sir with Love - Lulu
Soul Man - Sam & Dave
It Must Be Him - Vikki Carr
You Mean the World to Me - David Houston
1968-baseball player Sammy Sosa born San Pedro de Marcoris, Dominican Republic.
1968 -- Supreme Court voids Arkansas law banning teaching of evolution in public schools. Alabama continues warning high school students evolution is 'controversial', putting stickers on biology books.
1972- Don Shula of the Miami Dolphins became the first NFL coach to win 100 regular season games in only 10 seasons as the Miami Dolphins defeated the New England Patriots, 52-0.
Island Girl - Elton John
Lyin’ Eyes - The Eagles
Who Loves You - Four Seasons
I’m Sorry - John Denver
1981 - The space shuttle Columbia was launched for the second time; it was the first space vehicle to be used more than once.
1983 - Lionel Richie started the first of four consecutive weeks at #1 on the music charts as "All Night Long (All Night)" became the United States most popular song.
Islands in the Stream - Kenny Rogers & Dolly Parton
All Night Long (All Night) - Lionel Richie
One Thing Leads to Another - The Fixx
Somebody’s Gonna Love You - Lee Greenwood
1986 - For the first time in the history of the NBA both head coaches were absent from the game when coached K.C. Jones and Don Nelson were too sick to be at the Boston-Milwaukee game. The Boston Celtics had their 44th straight home victory as they defeated the Milwaukee Bucks 124-116.
1986- Red Sox Roger Clemens becomes only the second American League pitcher to unanimously win the Cy Young Award. Denny McLain was the first to accomplish the feat in 1968.
1988 - "Rattle and Hum", the album by U2, started a six-week run at the top of the U.S. album charts. Hum along now, as we list the tracks on the "Rattle and Hum": "Helter Skelter", "Van Diemen’s Land", "Desire", "Hawkmoon 269", "All Along the Watchtower", "I Still Haven't Found What I'm Looking For", "Freedom for My People", "Silver and Gold", "Pride (In the Name of Love)", "Angel of Harlem", "Love Rescue Me", "When Love Comes to Town", "Heartland", "God Part II", "The Star Spangled Banner", "Bullet the Blue Sky", "All I Want is You".
Cream - Prince & The N.P.G.
Can’t Stop This Thing We Started - Bryan Adams
Real, Real, Real - Jesus Jones
Someday - Alan Jackson
1996-Reverend Jesse Jackson threatened to lead a potentially crippling boycott against Texaco if the oil giant failed to settle a lingering racial- discrimination lawsuit. Six Texaco employees initially filed the $520 million suit in 1994; the ensuing years saw the case mushroom into a complaint backed by some 1,400 workers. Despite growing pressure, Texaco was slow to respond to the case. However, Jackson's involvement, coupled with the revelation of a "secret" audio tape that captured Texaco executives making racial slurs and plotting to derail the lawsuit, helped bring the case to a close. On November 15, Texaco announced what was believed to be a $ 175 million settlement to the case, which included a one-time salary boost for minority employees, as well as the establishment of "diversity training and sensitivity programs".
Doo Wop (That Thing)- Lauryn Hill
The First Night- Monica
One Week- Barenaked Ladies
2002- Miguel Tejada, who receives 356 points from the Baseball Writers' Association, including 21 first-place votes of the 28 cast, is selected as the American League's Most Valuable Player. The A's shortstop joins countrymen Sammy Sosa and George Bell as Dominican Republic natives to win the award.