Credit Officer Mentor, Ohio Small firm, 125 deals a month, help us grow, place leases, secure approvals. E-mail us to MattWelly@1acg.com or give us a call to (800) 830-0084 ext. 203. ACG Equipment Finance is a full service specialty finance and leasing company with an eye fixed firmly on the future.

www.1acg.com

Monday, September 3, 2007

Headlines---

Louis Schneider Interview Corrections
Charlie Lester on “Private label program at Sierra Cities”
Archives, September 4, 2001
    Classified Ads---Project Management/Syndicator
        Litehaus Systems joins Software List
Early Registration ends Tuesday UAEL Conference
    Leasing 102 by Mr. Terry Winders, CLP
    Qualifying Your Business
        Cartoon—Golfing
            Classified Ads----Help Wanted
Top Stories--August 27-August 31
    ELFA MFLI-25 Industry report added to Features
        First European Leasing Award
Few Expect a Panacea in a Rate Cut by the Fed
    Newspaper advertising falls 8.6% in Q2
        News Briefs---
Sports Briefs---
    "Gimme that Wine"
        Calendar Events
Snapple Real Facts
    Today's Top Event in History
        This Day in American History
Baseball Poem
    SuDoku
        Daily Puzzle

######## surrounding the article denotes it is a “press release”

This Wednesday---Gerry Egan, video “Sales makes it Happen!!!”
---- Please stay tuned!

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Louis Schneider Interview Corrections
Charlie Lester on “What went ‘wrong’ at Sierra Cities”

Archives, September 4, 2001:

“In your interview with Lou Schneider of Preferred Lease, the
article mentioned the company was marketing a credit card concept
originated by "Transworld Leasing". The company was actually Trans
Leasing International, Inc., of Northbrook, Illinois, and the card was the LeaseCard.

~~~

Portfolio to Rudy Trebels

The on line version was corrected. The fact as stated by Mr. Schneider is the portfolio was sold to Rudy Trebels company, but not directly, via Advanta, which was a typo not caught in the newsletter version. Advanta would syndicate or sell-off its lease purchases.

Brian Cascarano
BCASCARANO@IFCCREDIT.COM
VP Marketing
IFC Credit Corporation

(The archive edition evidently was not corrected, although it will be later this week. It is interesting that in the archive edition now emeritus Leasing News Advisor Charlie Lester talks about “discounting,” the “private label” program, RW Professional and the Sierra Cities “private label” program and what went “wrong:” )

((Today Charlie Lester is retired and Barry Drayer of RW Professional
is serving time at Cumberland Federal Correctional Institution in Maryland. Sierra Cities founder Thomas Depping started a leasing division of a bank he help found in Texas: Main Street National Bank.
American Express Business Finance did file a $20 million lawsuit against RW Professional et. al. The case was postponed pending the outcome of the US Attorney General case, but in the meantime, American Express sold their division to Key Corp. dba Key Business Finance. There are several pending cases still not “resolved” regarding RW Professional and their officers.

(All parties were contacted at the time for a comment or a statement; as a matter of fact both Barry Drayer and Thomas Depping have continually been contacted regarding articles written but have chosen to make “no comment.” Charlie Lester, at the request of Leasing News, is attempting to obtain an interview with Barry Drayer at Cumberland Federal Correctional Institution. Editor)

To understand more about this procedure, you may want to read below:

Charles Lester on American Express “Ka-Boom”

Leasing News does not want to prematurely hinder the investigation by American Express and are awaiting to see what action they may or
may not take.

In the meantime, Leasing News Senior Advisory Board member was asked to help us out, and perhaps we have to start with the basics so we are all on the same page.

First, who is Charlie Lester. He has contributed articles, stories, Sunday Sermon, and been a great help to our growth. He is a leasing industry leader. I pulled this biography up from our archives about Charlie, if you don’t know him

“-After a 19 year sales and management career with IBM, Charlie settled in Atlanta and somehow got into the leasing business in 1984. In 1986, he founded Lease Pro, Inc. and operated it as a medical niche broker until 1997 when First Sierra Financial acquired most
of its assets. The remaining assets were assigned to LPI Financial Services as a new corporate entity.

“-After his two-year contract was honored, he resigned and sat out his non-compete period before expanding LPI Financial into a niche broker offering working capital loans to medical professionals.”

To understand what went wrong, you need to understand how discounting a lease and a private label program works.

Discounting leasing is when you have a lease contract with your name on it and discount the stream of payments to a buyer ( bank, funder, syndicator) ( you may or may not keep the residual and may discount it too, meaning present value the stream of payments and the residual, too ). You get paid up-front, instead of the difference between the monthly interest earned and paid. It may be recourse
or non-recourse, but it certainly will have “representations and warrants.”

Sierra Cities bought many discounters local operations and combined them into one, calling it a Private Label Program. They offered the ability to continue to discount plus to accumulate leases and syndicate them to the public for a better rate of return; a better margin and more liberal credit policy. Westinghouse, CIT, Heller, Textron, and of course, GE also have private label programs, but Sierra Cities carried the Colonial Pacific Pegasus program one step further. In fact, this division was making a $20 million annual profit from its inception. What made it so successful: Oren Hall, Mark McQuitty, Jim Raeder, Charlie Lester, Fred Van Etten, Mike Wing and others were in leadership capacity

What went wrong?

LN. I think you should explain what the Sierra Cities private broker program worked to understand RW Professional Leasing as a Private Label Recourse broker.

CL. A Private Label Recourse broker has a contract with a funding source to buy deals at a buy rate 150-250 basis points lower then their non-recourse brokers. In return, the recourse broker is responsible for the collection of all monthly payments and in the event of default, to repurchase the entire lease contract. The recourse broker may also receive an even lower buy rate for handling all personal property and sales taxes.

LN. As you know I have two ex-board of directors, plus others who were directly involved regarding this issue. In Friday’s news, Leasing News reported that Republic Group and RW Professional Leasing were addressed in a company wide conference call on August 23rd as possible portfolio problems within Amex. They were part of the Private Label Program. What was the telephone call about?

CL. I’ve got to say a good word about Rich Tambour. He should be admired for having the courage to address these issues that had been spreading in the Houston rumor mill since the American Express acquisition of First Sierra , earlier this year. Like it or not, he was forced to address the rumors to let Amex employees know that executive management was aware of the issues... and steps were being taken to address them. He addressed both as issues instead of problems, so he did not make any accusations, which is fair to everyone. My hat is off to Mr. Tambour. I hope you print this.

LN. Yes, the telephone call was made, and this is coming out more in the public.

How do you think American Express is going to handle this?

CL. As far as the Republic Group issue, there have been internal debates by First Sierra employees regarding the quality of the Republic portfolio since the acquisition of the Republic Group in 1998. At the time of acquisition, the Republic Group had a reputation as being an extremely high yield, high volume producer. A number of First Sierra employees and former owners, including me, questioned how good the portfolio quality could be with yields in 20-25%+ category. I had many suspicions.

Some felt the Republic Group had the greatest salespeople with the best organizational structure that the industry had ever seen. They were doing extremely well. This was the young generation.
Others didn’t feel that way. Mostly we older guys.

However, at this point it seems to be a moot issue since the pooling of assets has taken place, and I don’t know the performance of the portfolio. Everyone is guessing, but they don’t know. If there is a problem, American Express will probably have to take the hit no matter what happens.

As far as RW Professional Leasing is concerned, Barry Drayer at RW has been a respected Private Label Recourse broker at Denrich, ATT and First Sierra since 1991. American Express must investigate their issues with RW quickly and issue a full apology and pay damages or proceed with legal actions if the recourse agreement has been breeched by RW.

Part II on Wednesday

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Classified Ads---Project Management/Syndicator

Project Management

Phoenix, AZ
Lease Administrator with exp. in lease administration, doc. & porfolio management for $200M in IT assets. Additional experience financial analysis process improvement/development.
Email: jeg3894@cox.net

Syndicator

Overland Park, KS
Top Syndicator from single deal to portfolios. 20+ yrs exp. Available for contract work or full time position. Nationwide contacts.
E-mail: FFLLeasing@aol.com

To place a free “job wanted” ad here, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

For a full listing of all “job wanted” ads, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

[headlines]

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Litehaus Systems joins Software List

[headlines]

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Early Registration ends Tuesday UAEL Conference

www.SterlingBankLeasing.com

[headlines]

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Leasing 102

by Mr. Terry Winders, CLP

Qualifying Your Business

Sales success is clearly important to stay in business but how often do you review your whole operation to determine where your success is coming from? How much direction do you give to the sales force on what type, style, or size of business is your niche? How do you keep records of what comes in the door and how you handle it? Statistics on business success is vitally important and knowing how to analyze them is of equal importance.

First of all you need an application log. Every deal you look at or hear about needs to be recorded. Start with the date, customer name, equipment description, cost, term and type of lease and source. Then who is the salesperson and what is thier follow-up requirements. Once the deal is reviewed, record proposal information like residual assumptions, yield requirements, purchase options, anticipated delivery dates, vendors, and current status. If the deal is turned down then why, and how notice was given to the customer, or if it is credit and equipment approved record date proposal delivered and anticipated decision date.

Analyzing this data requires a few additional steps so you should record in the log information such as how long did it take to obtain the credit information, how long did it take to turn the decision around, how long was it in-house prior to the decision. How complete was the credit information. Did we get a complete equipment description? The speed of turn around today is a direct result of complete information and a sense of urgency on the part of the verifiers. One is no good with out the other.

Record the reasons for turndowns, lost deals, rejections and approvals that never fund. Put approved deals into a new report and question everyday why they are not closed and record why they were lost. It is expensive to do all the credit and documentation work and lose a deal.

Every three months you should look at this information to determine your average size deal, your average yield, and your average turn around time to see where you are effective and where you are not. A lot of time and wasted money comes from chasing deals that do not fit your capabilities. Constantly chose new markets that fit your abilities and drop markets that you have poor returns. Look at your statistics and let them help drive your operation. Look to improve you back office functions and never go home until there is nothing you can do to move a deal along. Use proposals to close deals and always look to replace the poorest salesperson each quarter.

By keeping the correct records you can review where your business is coming from and where you spend a lot of time on non-productive activities. Credit checking transactions that do not fit into your qualifications can shorten time for productive ones and cause you to stumble along instead of building a strong organized effort. Even though you may lose a deal once in a while because you are so focused on the correct path it will turn out better in the future with a stronger more consistent base.
To manage a leasing company takes time to look at the results and time to plan your actions. You need to act not react to the information at your fingertips but it takes time to gather the information and pressure your staff to complete the reports because it should not be left to chance or emotion. To manage requires research and information. To manage requires forethought and planning. To manage requires keeping the wagon headed in the right direction even if you hit a few rocks along the way.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at leaseconsulting@msn.com or 502-327-8666.
He invites your questions and queries.

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

[headlines]

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[headlines]

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Leasing Industry Help Wanted

Business Developement Specialist

Credit Officer

Credit Officer Mentor, Ohio Small firm, 125 deals a month, help us grow, place leases, secure approvals. E-mail us to MattWelly@1acg.com or give us a call to (800) 830-0084 ext. 203. ACG Equipment Finance is a full service specialty finance and leasing company with an eye fixed firmly on the future.

www.1acg.com

Relationshio Manager

Relationship Manager Minneapolis, MN Primary contact for brokers/lessors. Coordinates development and execution of programs, represents Company at trade association conferences, implements strategy to best serve the brokers/lessor marketplace. Requires 4 year degree or equivalent industry experience. To apply e-mail resumes attention of Brad Peterson bpeterson@predictifund.com  and careers@advanceme.com. Background Checks are required.  EOE Predictifund, a subsidiary of Capital Access Network, Inc. (CAN) providing equipment financing and working capital options to brokers.

[headlines]

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Top Stories--August 27-August 31

Here are the top ten stories most “opened” by readers last week:

(1) Kester and Bennie start Latitude Equipment Leasing
http://www.leasingnews.org/archives/August%202007/08-27-07.htm#lel

(2) Key Equipment Finance and Marlin Leasing
http://www.leasingnews.org/archives/August%202007/08-29-07.htm#knm

(3) Sales makes it Happen---by T. Winders, CLP
What is the correct answer to “What is my rate?”
http://www.leasingnews.org/archives/August%202007/08-29-07.htm#sales

(4) Not Anti-Marlin Leasing
http://www.leasingnews.org/archives/August%202007/08-29-07.htm#anti

(5) Exclusive- Gerry Egan Next Wednesday
http://www.leasingnews.org/archives/August%202007/08-29-07.htm#first

(6) Mortgage brokers fall on tough times
http://www.usatoday.com/money/economy/housing/2007-08-30-mortgage-brokers_N.htm

(7) Leasing 102 by Mr. Terry Winders, CLP
UCC Legal Rules -- Part II
http://www.leasingnews.org/archives/August%202007/08-27-07.htm#102

(8) Archives, August 31, 2001
---subprime mortgage industry did them in---
Louis Schneider Exclusive Interview----
http://www.leasingnews.org/archives/August%202007/08-31-07.htm#arch

(9) Cartoon---Hiring an attorney
http://www.leasingnews.org/archives/August%202007/08-27-07.htm#toon

(10) Correction: Ken Greene left out???
http://www.leasingnews.org/archives/August%202007/08-27-07.htm#error

(10) Advertising in Leasing News
http://www.leasingnews.org/archives/August%202007/08-29-07.htm#advln

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Monthly Lease Finance Industry reports added to Features

The Equipment Leasing and Finance Association (ELFA) MLFI_25 survey since October, 2005
have been added to the “feature section”
of Leasing News, where previous columnist articles are located.

The purpose is for readers who want to compare a current period with a pervious period or to examine the trend. The information primarily comes fro the ELFA press release, but here you will find graphs, some developed by Leasing News, plus other information that is germane. You will also see a more “factual” report than a “chamber of commerce” approach, not comparing the last month with the previous year month, but with the last month or the trend.

It is the role of a leasing association to promote good will, good news, and remain optimistic. ELFA does an excellent job.

http://www.leasingnews.org/Conscious-Top%20Stories/ELFA-Survey.htm

The “feature collection page:” is located right under “ Ten Top Stories each week chosen by readers” and “above the longer list of
Top Stories chosen by editor Kit Menkin:”

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First European Leasing Award

[headlines]

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News Briefs----

Few Expect a Panacea in a Rate Cut by the Fed
http://www.nytimes.com/2007/09/03/business/03fed.html?_r=1&ref=business&oref=slogin

Newspaper advertising falls 8.6% in Q2
http://www.snl.com/interactivex/article.aspx?CdId=A-6486634-10083

Business Briefs---
http://www.nypost.com/seven/09012007/business/business_briefs.htm

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Sports Briefs----

Jimmie Johnson Gets Fifth Win of Season
http://www.nytimes.com/aponline/sports/AP-CAR-NASCAR-California.html

Wetterich grabs Deutsche Bank lead
http://afp.google.com/article/ALeqM5hcKpiyGD0BehzOX0TCCroySDaFiw

James' team-record 31 points give FIBA title to U.S.
http://www.usatoday.com/sports/olympics/2007-09-02-usa-mens-basketball-argentina_N.htm

Denver making big run at Rice
http://www.denverpost.com/broncos/ci_6783364

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“Gimme that Wine”

Napa Valley Wine Harvest Report
http://www.napavalleyregister.com/articles/2007/08/31/features/wine/
doc46d7c5ae831b9374587686.txt

U.S. wine-makers flock to Argentina
http://money.cnn.com/2007/08/23/smbusiness/argentina_vineyards.fsb/?postversion=2007083005

Chile's Pinot prospectors
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/08/31/WI8UR207E.DTL

Subprime Mess Hangs Over Rich Menu of Wine Auctions: Elin McCoy
http://www.bloomberg.com/apps/news?pid=20601093&sid=al15L8liYyEk&refer=home

How Robert Mondavi Lost Wine Empire but Kept Masseuses: Books
http://www.bloomberg.com/apps/news?pid=20601088&sid=aEPixogiReTI&refer=home

Busting Vineyard Myths
http://winesandvines.com/template.cfm?section=news&content=50015

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
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.
http://www.liv-ex.com/

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Calendar Events This Day

Labor Day
Legal public holiday. First Monday in September. Observed in all states. First observance believed to have been a parade on Tuesday, September 5, 1882, at New York, NY, probably organized by Peter J. McGuire, a Carpenters and Joiners Union secretary. In 1883 a union resolution declared “the first Monday in September of each year a Labor Day. “ By 1893 more than half o the states were observing Labor Day on one or another day and a bill to establish Labor Day at as a federal holiday was introduced to Congress. On June 28, 1894, President Grover Cleveland signed into law an act making the First Monday in September a legal holiday for federal employees and the District of Columbia. Canada also celebrates Labor Day on the first Monday in September. In most other countries, Labor Day is observed May 1.
http://homeschooling.about.com/cs/unitssubjhol/a/laborday.htm

Janmashtami
Janmashtami is the joyful celebration of Lord Krishna's birth. Major celebrations of Krishna Janmashtami takes place at midnight as Krishna is said to have made his divine appearance in that hour. Fasting, bhajans, pujas and many other rituals mark Janmashtami celebrations in India.
http://www.krishnajanmashtami.com/

Qatar. Independence Day
National Holiday. Commemorates the severing in 1971 of treaty with Britain, which had handled Qatar’s foreign relations.
https://www.cia.gov/library/publications/the-world-factbook/geos/qa.html

San Marino. National Day.
Public holiday. Honors St. Marinus, the traditional founder of San Marino.

Skyscraper Day
http://holidayinsights.com/moreholidays/September/skyscraperday.htm

Saint feast Days

• Pope Saint Gregory the Great
• St. Phoebe
• St. Angus MacNisse
• St. Aigulf
• St. Andrew Dotti
• St. Anthony Ishida
• St. Auxanus
• St. Balin
• Bl. Bartholomew Gutierrez
• St. Zeno & Chanton
• St. Sandila
• St. Frugentius
• St. Gabriel of St. Magdalen, Blessed
• St. Hereswitha
• St. John of Perugia & Peter of Sassoferrato
• St. Macanisius
• St. Mansuetus
• St. Regulus
• St. Remaclus
• St. Martin de Hinojosa
• St. Natalis
• St. Maurilius

http://www.catholic.org/saints/f_day/sep.php

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The smallest county in America is New York County, better known as Manhattan.

Wrong #42. The smallest county-equivalent is the independent city of Falls Church, Virginia at 2.0 square miles (5 km²), while smallest county is Kalawao County, Hawaii at 13 mi² (34 km²).
The smallest self-governing County is Arlington, Virginia at 26 mi² (72 km²).
http://en.wikipedia.org/wiki/County_(United_States).
The most dense is Manhattan. The state with the most counties: Texas: 254
Delaware: 3.
By Population:
http://geography.about.com/library/weekly/aa010102a.htm

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Today's Top Event in History

    1838 - Frederick Douglass, a black man, boarded a train in the slave state of Maryland , dressed as a sailor with borrowed ID papers. He rode the train to Wilmington , Delaware . There he caught a steamboat to Philadelphia . Philadelphia , the City of Brotherly Love , was a free city. There Douglass transferred to a train that took him to New York City -- also a free city. It was in New York that he was helped by the underground railway network to freedom. Frederick Douglass became one of the nation's strongest abolitionists, fighting for the struggle against slavery and one of America 's greatest orators. He published the weekly "North Star" which was later titled, "Frederick Douglass' Paper", to reach the black people. It was mostly through his urging that there were black troops serving in the Civil War. His autobiography, "Life and Times", is a narrative classic of escape to freedom.
http://memory.loc.gov/ammem/today/sep03.html

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This Day in American History

    1609 - Henry Hudson discovered the island of Manhattan.
    1709 - The 1st major group of Swiss and German colonists reached the Carolinas.
    1752- This date became September 14th, when Great Britain (including Scotland , Ireland , Wales and the American colonies) officially implemented the Gregorian Calendar (developed by Pope Gregory XIII in 1582 to replace the Julian calendar). Actually all dates we recorded in history were changed, therefore all the dates we celebrate before this change are not the “correct days in history.” They were all converted to this new calendar.
    1777-The first American flag flown in battle was by detachment of light infantry and cavalry under General William Maxwell at Coch's Bridge, DE, where they met an advance guard of British and Hessian troops under Generals ‘Richard Howe, Charles Cornwallis, and Wilhelm von Knypahusen.
    1783-The American Revolution Officially ends as the treaty between Britain and the US is signed at Paris , France . The definite treaty of peace was signed by David Hartley, plenipotentiary of great Britain , and Benjamin Franklin, John Jay, and John Adams of the United States . The treaty was ratified and proclaimed on January 14,1784. It set the borders of the United States as the Great Lakes ( Canada ) in the north, Spanish Florida in the south, and the Mississippi River in the west. It also granted the Americans fishing rights off the Newfoundland coast.
    1803-Birthday of Prudence Crandall, born to a Quaker family at Hopkinton , RI , this American schoolteacher sparked controversy in the 1834 with her efforts to educate black girls. When her private academy for girls was boycotted because she admitted a black girl, she started a school for “young ladies and misses of colour.” In two trials (1833 and 1834) was convicted by State of Connecticut for teaching girls of color but the convictions were set aside by a legal technicality. The white community in the small city where PC lived had objected so openly about one young woman of Black African descent at her school that she announced her intention to open a whole new school for "young ladies and little misses of color." The state legislature then passed a law forbidding the teaching of blacks without local approval that resulted in her arrest and imprisonment. She was released on a technicality. It is estimated that as many as 3,000 "free" Black families were living in Connecticut at the time. All the white families withdrew their children from her school. PC and her family were jeered and stoned in public. She married, perhaps thinking it would afford her protection, but her Baptist minister husband promptly sold her school without her permission and moved the couple to Illinois where she again established a school for young girls. She became a lecturer on abolition, temperance, and woman's suffrage. In 1887 with a resurgence of interest in the anti-slavery movement, the widowed Prudence Crandall was living in poverty in Kansas . The Connecticut General Assembly apologized for the pre-Civil War treatment of her and awarded her a $400-a-year pension. Arguments from her trials were used in the 1954 U.S. Supreme Court desegregation decision Brown v the Board of Education.
http://www.chc.state.ct.us/Crandall%20Museum.htm
http://www.ohwy.com/ct/p/prucramu.htm
Died January 28, 1890 at Elk Falls , KS .
    1821 - A hurricane made landfall at Long Island, near Kennedy Airport, then moved through western Connecticut. The hurricane produced a record tide at New York City.
    1833-Benjamin H. Day launched the “ New York Sun”, the first truly successful penny newspaper in the US . The Sun was sold on sidewalks by newspapers boys. By 1836 the paper was the largest seller in the country with a circulation of 30,000. It was possibly Day's concentration on human interest stories and sensationalism that made his publication a success while efforts a penny papers at Philadelphia an Boston had failed.
    1838 - Frederick Douglass, a black man, boarded a train in the slave state of Maryland , dressed as a sailor with borrowed ID papers. He rode the train to Wilmington , Delaware . There he caught a steamboat to Philadelphia . Philadelphia , the City of Brotherly Love , was a free city. There Douglass transferred to a train that took him to New York City -- also a free city. It was in New York that he was helped by the underground railway network to freedom. Frederick Douglass became one of the nation's strongest abolitionists, fighting for the struggle against slavery and one of America 's greatest orators. He published the weekly "North Star" which was later titled, "Frederick Douglass' Paper", to reach the black people. It was mostly through his urging that there were black troops serving in the Civil War. His autobiography, "Life and Times", is a narrative classic of escape to freedom.
http://memory.loc.gov/ammem/today/sep03.html
    1849- Sarah Orne Jewett birthday, U.S. writer of precision and amazing clarity who wrote reflectively of the life of the New England farmers and fishers. Her best works were in the short story form where her unsentimental revelations of the nuances of life became a much underrated influence on later writers although Willa Cather acknowledged her debt. Her best known story collections are A White Heron and Other Stories (1886) and Deephaven (1877). Her lifelong partnership with Anne Adams Field openly described as a " Boston marriage" and was probably the inspiration for the Henry James novel The Bostonians. Her earliest works were signed "Alice Eliot" or "A. C. Eliot." A volume of her poetry was published posthumously.
http://guweb2.gonzaga.edu/faculty/campbell/enl311/jewett.htm
http://www.traverse.com/people/dot/jewett_fields.html
http://www.womenwriters.net/domesticgoddess/catherjewett1.htm
http://images.google.com/images?q=Sarah+Orne+Jewett
http://www.amazon.com/exec/obidos/external-search/103-5362656-4423850?tag=
fast-bkasin00-20&keyword=Sarah%20Orne%2dJewett&mode=books
    1855 - General William Harney and 700 soldiers take revenge for the Grattan Massacre with a brutal attack on a Sioux village in Nebraska that left 100 men, women, and children dead. The path to Harney's bloody revenge began a year before near Fort Laramie, Wyoming, when a brash young lieutenant named John Grattan and 30 of his men were killed while attempting to arrest a Teton Sioux brave accused of shooting a white man's cow. Despite the many eyewitness reports that Lieutenant Grattan had foolishly threatened the Sioux and practically forced them to attack, the incident quickly gained infamy around the nation as the "Grattan Massacre." Americans demanded swift vengeance, and the army turned to the celebrated Indian fighter, General William Harney, to lead a punitive attack against the Sioux.
One Sioux boy who witnessed the brutal massacre would never forget or forgive and would take his own revenge 21 years later at the Battle of the Little Bighorn. His name was Crazy Horse.
    1856-Birthday of Louis H. Sullivan, famed Chicago architect.
( lower half of http://memory.loc.gov/ammem/today/sep03.html )
    1860-Birthday of Edward Albert Filene, American merchant and philanthropist, born at Salem , MA , who established the US credit union movement in 1921. Died at Paris , France , September ,26 1937.
    1861- Confederate forces enter Kentucky , thus ending its neutrality. Due to Kentucky 's neutrality policy in the summer of 1861, men wishing to join the Confederacy traveled to Camps Boone and Burnett , near Clarksville , TN. Here, the nucleus of the Orphan Brigade was formed, which later was to be under the command of President Lincoln's brother-in-law Ben Helm. Confederate General Leonidas Polk committed a major political blunder by marching his troops into Columbus, Kentucky— negating Kentucky's avowed neutrality and causing the Unionist legislature to invite the U.S. government to drive the invaders away. Kentucky was heavily divided prior to the war. Although slavery was prevalent in the state, nationalism was strong and Unionists prevented the calling of a convention to consider secession after the firing on Fort Sumter in April. Governor Beriah Magoffin refused to send troops to either side, and a special session of the legislature in the summer of 1861 issued a warning to both the Confederate and Union armies not to deploy forces in the state. Union and Confederates alike recognized the folly of entering Kentucky into the war, as it would tip the delicate political balance to the other side. President Lincoln, a Kentucky native who carefully observed the state's neutrality, soon realized that the Confederates were acquiring resources and recruiting troops from the state. However, in three special elections held that summer, the Union cause had gained support. Kentucky 's geographic location made permanent neutrality nearly impossible. The major rivers of the upper south drained into the Ohio River through Kentucky , and the state had the country's ninth largest population. Troops from both sides began to build fortifications along the border in the opening months of the war, but the Confederates made a critical blunder when General Polk occupied Columbus , Kentucky , on September 3. This preemptive move against the forces of General Ulysses S. Grant, who waited across the Ohio River in Illinois , proved costly for the Confederates. Kentucky 's Unionist legislature invited Federal troops in to drive away the invaders, and on September 6, Grant occupied Paducah and Southland, at the mouths of the Tennessee and Cumberland Rivers , respectively. These were vital positions that allowed the Union a tremendous advantage in the contest for Kentucky and Tennessee . During the war, some 50,000 white and 24,000 black Kentuckians fought for the North, while 35,000 joined the South.
http://www.moc.org/Articles/orphan.html
http://www.rootsweb.com/~orphanhm/campboone.htm
http://www.rootsweb.com/~orphanhm/flags.htm
http://www.oldgloryprints.com/Triumph%20at%20Chickamauga.htm
    1864-Atlanta, GA, was evacuated by the Confederate forces under General John H. Hood. The next day General William Techumseh Sherman troops began their occupation and were in full control of the city and the area by this day.
    1865 Army commander in South Carolina orders Freedmen's Bureau to stop seizing land from the whites to give to the Blacks.
http://myphlip.pearsoncmg.com/abdemo/abpage.cfm?vbcid=2743&vid=67
http://www.theatlantic.com/issues/01mar/dubois.htm
http://www.inform.umd.edu/ARHU/Depts/History/Freedman/fbact.htm
http://eserver.org/history/freedmens-bureau.txt
    1872 - Louisville , Kentucky was the meeting place of U.S. Democrats. Their national convention convened and a wing of Democrats not wanting to vote for Horace Greely, editor of the New York Tribune, ( who was officially nominated in Baltimore, MD,) nominated Charles O'Conor of New York for President of the United States. He was the first Catholic to be nominated by his party for the office of President. They did not think Greely would win. O'Conor declined the nomination, but his name nevertheless was listed and he received approximately 30,000 votes from 23 states. Ulysses S. Grant was reelected president of the United States , defeating Horace Greeley by an electoral vote of 286 to 66. President Grant received a popular vote of 3,597,132 against 2,384,124 for Greely.
    1891- Cotton pickers organize a union and stage a strike across the
state of Texas .
    1891- John Stephens Durham, named minister to Haiti .
    1895-Birthday of NAACP Leader Charles Houston.
    1895 - The first professional football game was played -- in Latrobe , PA. The Latrobe YMCA defeated the Jeannette Athletic Club 12-0.Latrobe's captain was Harry Ryan and Jeannette's was “Posie” Flowers. Since the regular quarterback was unable to play, John K. Braillier of Indiana , PA, was paid $10 and expenses to fill in. The following year four men were paid, and in 1897, the entire team was paid. Since 1967, St. Vincent College in Latrobe has been the home of the Pittsburgh Steelers training camp.
    1908 - Orville Wright began two weeks of flight trials that impressed onlookers with his complete control of his new Type A Military Flyer. In addition to setting an altitude record of 310 feet and an endurance record of more than one hour, he had carried aloft the first military observer, Lieutenant Frank Lahm.
    1915-Birthday of pianist Memphis Slim, Memphis , TN.
    1917-Grover Cleveland Alexander of the Philadelphia Phillies pitched and won both ends of a doubleheader against the Brooklyn Dodgers. Alexander went the distance in both games, winning the opener, 5-0, and the nightcap, 9-3.
    1918- Nineteen mutinous Black soldiers were hanged and sixty-three received life sentences in federal prison. One was judged incompetent to stand trial. Two white officers faced courts-martial, but they were released .
http://www.tsha.utexas.edu/handbook/online/articles/view/HH/jch4.html
    1925-Birthday of guitarist Hank Tompson, Waco , TX .
    1926-- September 3, Alto sax player Ernie Henry Birthday
http://www.artistdirect.com/music/artist/bio/0,,443247,00.html?artist=Ernie+Heny
    1929 - The Dow Jones industrial average closed at 381.17. It was the peak of the bull market of the 1920s.
    1934- In London , Evangeline Cory Booth, 69, the seventh child of founder William Booth (1829-1912), became the fourth elected commander and the first woman general of the Salvation Army.
    1935 Andrew Varipapa sets bowling record of 2,652 points in 10 games
    1940 - Artie Shaw and the Gramercy Five recorded " Summit Ridge Drive " and “Special Delivery Stomp” for Victor Records.
    1940-Drummer Gene Krupa records “ Rhum-boogie.”
    1942 - Frank Sinatra bid adieu to the Tommy Dorsey Band as he started his solo singing career.
    1946- Founder Sidney N. Correll established United World Mission. This interdenominational agency focuses on evangelism, church planting and Christian education in 13 world countries.
    1951 - What was to become the longest-running TV serial (or soap opera) was seen for the first time. "Search for Tomorrow" debuted on CBS-TV.
    1952---Top Hits
Auf Wiedersehn, Sweetheart - Vera Lynn
Walkin' My Baby Back Home - Johnnie Ray
Half as Much - Rosemary Clooney
It Wasn't God Who Made Honky Tonk Angels - Kitty Wells
    1953 - The temperature at Erie PA reached 99 degrees, and Stroudsburg PA established a state record for September with a reading of 106 degrees.
    1954 - "The Lone Ranger" was heard on radio for the final time after 2,956 episodes spanning 21 years. Many of the original ABC radio shows later became available through syndication and can still be heard on stations brave enough to air dramas in today's radio world of talk and music.
    1955-- Bill Haley & the Comets turn down their first invitation to tour outside of the U.S. because of a fear of flying. The Australian offer of $2,000 for 15 dates wasn't enough to get them on a plane.
    1956-Birthday of Douglas Willaims (Williams Bros ), Smithdale , MS
http://www.musicbooksplus.com/books/wg050.htm
    1957- The Braves' Warren Spahn's 8-0 blanking of the Cubs sets major league shutout record for lefties with 41.
    1960---Top Hits
It's Now or Never - Elvis Presley
Walk--Don't Run - The Ventures
The Twist - Chubby Checker
Alabam - Cowboy Copas
    1963 - Reprise Records, owned by Frank Sinatra, became part of Warner Brothers Records. The ‘Chairman of the Board' continued to record for the label.
    1963--Birthday of American composer Steve Markowitz, Santa Monica, CA.
    1965- In preparation of their move to Anaheim , the Los Angeles Angels change their name to the California Angels.
    1966 - ``The Adventures of Ozzie and Harriet'' television series ends after 14 years.
    1966--The Four Tops "Reach Out I'll be There" enters the Hot 100 where it claims the Number One position on October 15.
    1966--Donovan's "Sunshine Superman" hits #1 on the chart, while Stevie Wonder's "Blowin' In The Wind" peaks at #9.
    1966--Question Mark and the Mysterians' "96 Tears" makes into the Hot 100 where it will peak at Number One for a week on October 29.
    1967 - After 17 years, "What's My Line" aired for the final time on CBS-TV. The host of the show was John Daly. Panelists on the first show were: Dorothy Kilgallen, Louis Untermeyer, Dr. Richard Hoffman and New Jersey Governor Harold Hoffman. Arlene Francis and Bennett Cerf joined the show a short time later. Kilgallen, Cerf and Francis were the continuing regulars for fifteen years. Fred Allen, Hal Block and Steve Allen served as panelists for short stints at different times.
    1968---Top Hits
People Got to Be Free - The Rascals
Born to Be Wild - Steppenwolf
Light My Fire - Jose Feliciano
Mama Tried - Merle Haggard
    1969-The Four Seasons' "I've Got You Under My Skin" is released.
    1970-Outfielder Billy Williams of the Chicago Cubs asked to be taken out of the starting lineup, breaking his conseutive games played streak of 1,117 a National League record until Steve Garvey broke it in 1983.
    1973 - David Pearson became the first racecar driver to earn one million dollars in career earnings. Pearson finished second in the Southern 500 stock-car race in Darlington , SC. Other drivers to make the big bucks at the time were Richard Petty, A.J. Foyt, Al Unser, Sr. and Mario Andretti.
    1973-The Rolling Stones' "Angie" is released.
    1976---Top Hits
Don't Go Breaking My Heart - Elton John & Kiki Dee
You Should Be Dancing - Bee Gees
Let 'Em In - Wings
(I'm A) Stand by My Woman Man - Ronnie Milsap
    1977-Heart's "Barracuda" peaks at #11 on the pop singles chart.
    1977-Styx' "The Grand Illusion" LP enters the charts.
    1978 - No. 1 Billboard Pop Hit: ``Boogie Oogie Oogie,'' A Taste of Honey. The group wins a Grammy as best new artist.
    1981- The Red Sox and the Mariners play nineteen innings to a 7-7 tie. The game ends with the Mariners winning 8-7 in 20 innings when the suspended game is resumed the next day making it the longest game played in Fenway Park 's history.
    1982-The three day U.S. Festival gets under way in San Bernardino, California. Over 400,000 people show up to hear Fleetwood Mac, the Police, Jackson Browne, Tom Petty, the Grateful Dead, the Cars, Pat Benatar, Talking Heads, Dave Edmunds, Santana, the B-52's, the Kinks, Eddie Money, the Ramones, Gang of Four, the English Beat and Jerry Jeff Walker. It's financed by Steve Wozniak, the founder of the Apple Computer Company.
    1983-The Eurythmics "Sweet Dreams (Are Made Of This)" hits #1 on the pop singles chart.
    1984 - Jerry Lewis smashed all previous records for charity fund-raising. A total of $32,074,566 was pledged on the annual "Labor Day Telethon" for the Muscular Dystrophy Association.
    1984 - Bruce Sutter of the St. Louis Cardinals set a National League record by earning his 38th save of the season. Three hurlers had previously held the record, Clay Carroll, Rollie Fingers and Sutter, with 37 saves. The Cardinals defeated the New York Mets, 7-3.
    1984---Top Hits
What's Love Got to Do with It - Tina Turner
Missing You - John Waite
Stuck on You - Lionel Richie
Let's Fall to Pieces Together - George Strait
    1986 - Peat Marwick International and Klynveld Main Goerdeler of the Netherlands agreed to merge, forming the world's largest accounting firm.
    1988 - Sixteen cities in the northwestern U.S. reported record high temperatures for the date. Highs of 89 degrees at Stampede Pass WA and 116 degrees at Redding CA established records for the month of September. Readings of 98 degrees at Spokane WA and 100 degrees at Yakima WA equalled records for September.
    1990-Relief pitcher Bobby Thigpen of the Chicago White Sox set a major league record for most saves in a season when he chalked up his 47 th save in a 4-2 White Sox victory over the Kansas City Royals. Thigpen finished the season with 57 saves.
    1993—Top Hits
Can t Help Falling In Love (From "Sliver")- UB40
Dreamlover- Mariah Carey
Whoomp! (There It Is)- Tag Team
Lately-Jodeci
    1994-John Mellencamp and Me'Shell NdegeOcello's remake of Van Morrison's "Wild Night" peaks at #3 on the singles chart.
    1994-Crosby, Stills and Nash release the LP, "After The Storm."
    2003 - It is a clean sweep for Colombian heartthrob Juanes at the fourth annual Latin Grammy Awards. The singer-songwriter, who comes in with five nominations, wins every category in which he is nominated, including prestige trophies for album of the year for his long-running chart buster "Un Dia Normal" (A Normal Day); song of the year for "Es Por Ti," which he wrote; and record of the year, also for "Es Por Ti."

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Baseball Poem

(with permission of the author from his book:
“Touching All the Bases”
Poems from Baseball
available from Amazon
or direct from the publisher at: www.mcfarlandpub.com

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Daily Puzzle

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