Monday, September 8, 2008
Isaac Sidney Caesar "Sid" Caesar, actor, comedian, composer, musician, television star of the 1950's with "Show of Shows," born Yonkers, N.Y., September 8, 1922. His show was the "must see" every Saturday night for four years ((112 episodes, 1950-1954)), Caesar's Hour 1954-1957. 1958 Sid Caesar invites
http://www.museum.tv/archives/etv/C/htmlC/caesarsid/caesarsid.htm
http://www.imdb.com/name/nm0128377/awards |
Headlines---
Classified Ads---Asset Management
Commerce Commercial joins Funder List
Marlin Charge-Off Ratio goes up
Bank Round-Up----
OTS says small banks in for rough ride
Top Stories --September 3-5
Classified Ads---Help Wanted
Leasing Media Web Site Ratings
Leasing 102 by Mr. Terry Winders, CLP
Purchase Orders
Leasing News eMail
New Chicago Bank $120 Million of New Capital
IRS extends offer to settle SILO lease suits
Bush takes over Fannie Mae/Mac fires Exec
Fannie, Freddie blind to the bubble
Taxpayers take on trillions in risk
Killinger ousted as WaMu's CEO
News Briefs---
Sports Briefs---
"Gimme that Wine"
This Day in American History
Baseball Poem
SuDoku
Daily Puzzle
GasBuddy
Weather, USA or specific area
Traffic Live----
######## surrounding the article denotes it is a “press release”
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)
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Classified Ads---Asset Management
Massachusetts, MA
Started in credit and collections 30 years ago with a private agency. My skills are negotiating with Attorney's, Insurance Companies & Large & small companies.
cityofpa@earthlink.net | Resume |
New York, NY
10+ years in equipment leasing/secured lending. Skilled in management & training, documentation, policy and procedure development & implementation, portfolio reporting. Strong work ethic.
Email: dln1031@nyc.rr.com |
Seattle, WA
20 years combined experience in Asset Management and Collections. History of successfully maximizing the residual position through superior negotiation skills and remarketing.
Email: gcsprings@comcast.net |
United States
Multi- talented individual looking to relocate back to mainland. Over 20 years of experience in Asset Management, Venture Leasing, Operations and Senior Management Positions.
RESUME | Email: dan@ggpglobal.com
|
For a full listing of all “job wanted” ads, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm
Leasing Recruiters:
http://www.leasingnews.org/Recruits/index.htm
To place a free “job wanted” ad here, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm
[headlines]
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Funder - Update
A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program
| D -"Private label Program" | E - Also "in house" salesmen
Name
In Business Since Contact
Website
Leasing Association
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40 |
USA |
$15,000-$100,000 App. Only.
Full credit package up to $1.5MM |
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Y |
Y |
Y |
Y |
N |
(PP) Commerce National Bank -A and B+ credits only.
Both Lease and EFA transactions http://www.leasingnews.org/Funders_Only/Funders.htm
[headlines]
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Marlin Charge-Off Ratio goes up
Friday Marlin Business Services filed with the SEC it had “entered into an amendment to its $175 million Series 2002-A warehouse financing facility that, among other things, changed the Three-Month Rolling Average Portfolio Charge-Off Ratio (as defined and calculated in the agreement) from 3.0% to 4.25%...Marlin Leasing Receivables Corp. II, Marlin Leasing Receivables II LLC, JPMorgan Chase Bank, N.A., as the agent, and Wells Fargo Bank, N.A., as the trustee.”
“c) The definition of “Purchase Price Percentage” in Section 2.01 is hereby amended and restated in its entirety to read as follows:
“Purchase Price Percentage” means as of any date of determination the lesser of (i) 0.775 and (ii) 1 minus the product of a times b times c, where:
a = the Average Charged-Off Ratio as of such date of determination;
b = the Weighted Average Life, rounded to the second decimal place; and
c = 3.50
(d) Section 5.01(n) is hereby amended to replace the reference to ‘3.0%’ in the last line thereof with ‘4.25%’.”
Copy of full notice:
http://www.snl.com/irweblinkx/doc.aspx?IID=4089372&DID=8347459
[headlines]
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Bank Round-Up----
The FDIC and Nevada Financial Institutions Division announced that Las Vegas-based Nevada State Bank ($3.85 billion) would assume Silver State Bank’s insured deposits under a purchase and assumption agreement. Silver State, Henderson, is the second Nevada bank to fail and the eleventh since the beginning of the year. Ironically it was only a little over 13 months after its parent company completed its initial public offering. It had $2 billion in assets and $1.7 billion in deposits as of June 30.
Major media have noted that Andrew K. McCain, a son of Republican presidential nominee John McCain, sat on the boards of Silver State Bank and of its parent, Silver State Bancorp. He resigned in July after citing "personal reasons," corporate filings with the Securities and Exchange Commission show. He was also a member of the bank's audit committee, responsible for oversight of the company's accounting. He continues as chief financial officer of Hensely & Co., in which Cindy McCain is chair.
The FDIC said in a release that Silver State had approximately $20 million in uninsured deposits held in approximately 500 accounts that potentially exceeded insurance limits. Additionally, Silver State Bank had approximately $700 million in brokered deposits that are excluded from the transaction. A FDIC press release included this statement:
“The transaction is the least costly resolution option, and the FDIC estimates that the cost to its Deposit Insurance Fund is between $450 [million] and $550 million.”
As in most of these regional banks in trouble, they stem from commercial real estate and land development problem loans, such as reported recently at PFF Bank and Trust, Exchange Bank,
Vineyard, to name a few.
Columbia Bancorp is the financial holding company for Columbia River Bank, which operates 22 branches in Washington announced it is closing down its mortgage-banking team of unit; 39 employees to be let go. In July, the company reduced the salary of President and CEO Roger Christensen and eliminated director fees, plus began reducing staff.
The OTS ordered Downey Financial Corp. dba Downey Savings & Loan Association, Newport Beach,California to complete a "capital raising initiative" by Dec. 31.
In a press release, Downey stated: "As a direct result of these measures, the Company (Downey) also announced the sale of certain non-core real estate assets to a third party for aggregate cash proceeds of $110 million. Downey expects to report a net pre-tax gain of approximately $68 million from this sale. That gain, combined with a dividend to the Bank from a wholly owned subsidiary of the Bank, will result in an immediate increase in the Bank's regulatory capital of approximately $109 million.”
"We have been working closely with our regulators to aggressively address the challenges Downey has been facing in this unprecedented financial environment and are pleased to have reached agreement on a formal plan that addresses the OTS' concerns," said Michael Bozarth, Downey's Chairman of the Board. "The Orders reflect a number of measures that Downey has already undertaken and, in some cases, is close to completing. Having reached agreement on these Orders, and having successfully raised a significant amount of new capital, Downey has made substantial progress."
"Our customers can rest assured that the Orders do not restrict us from meeting their banking needs and providing the services and customer care they have come to expect," added Mr. Bozarth. "Downey continues to serve its customers with its full range of lending and retail banking services."
“The Orders require, among other things, that the Bank meet and maintain a minimum Tier One Core Capital ratio of 7% and a minimum Total Risk-Based Capital ratio of 14% at each quarter end. In addition, the Bank must complete a capital raising initiative by December 31, 2008. Downey has already made substantial progress on this capital plan and has enhanced the Bank's regulatory capital by approximately $176 million through the real estate sale and the subsidiary dividend described above and previously disclosed contributions of capital from the Bank's parent company. The Orders also require that, within 45 days, the Bank submit for OTS review and non-objection a comprehensive classified asset reduction plan, a long-term business plan, a real estate owned disposition plan, and a plan to strengthen executive management.”
Last weeks bank review:
http://www.leasingnews.org/archives/September%202008/09-03-08.htm#msb
[headlines]
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OTS says small banks in for rough ride
Statement from OTS after announcement of government taking over Fannie Mae, Fannie Mac,
firing executives---
WASHINGTON — the federal banking agencies have been assessing the exposures of banks and thrifts to Fannie Mae and Freddie Mac. The agencies believe that, while many institutions hold common or preferred shares of these two government-sponsored enterprises, a limited number of smaller institutions have holdings that are significant compared to their capital.
The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision are prepared to work with these institutions to develop capital-restoration plans pursuant to the capital regulations and the prompt corrective action provisions of the Federal Deposit Insurance Corporation Improvement Act.
All institutions are reminded that investments in preferred stock and common stock with readily determinable fair value should be reported as available-for-sale equity security holdings, and that any net unrealized losses on these securities are deducted from regulatory capital.
[headlines]
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Top Stories --September 3-5
Here are the top ten stories most “opened” by readers last week:
(1) Paul Menzel, CLP, joins ex-LEAF employee list
http://www.leasingnews.org/archives/September%202008/09-05-08.htm#clp
(2) Archives September 1, 2000
--US Bank buys Manifest
What the Sale Means--Brian Bjella
http://www.leasingnews.org/archives/September%202008/09-03-08.htm#arch
(3) Bank Round-Up/Main Street Bank
http://www.leasingnews.org/archives/September%202008/09-03-08.htm#msb
(4) “Complaint” Bulletin Board
http://www.leasingnews.org/archives/September%202008/09-03-08.htm#bbc
(5) Leasing 102 by Mr. Terry Winders, CLP
“End of the Lease Options”
http://www.leasingnews.org/archives/September%202008/09-03-08.htm#102
(6) Commercial Real Estate Collapse Deeper
http://www.leasingnews.org/archives/September%202008/09-05-08.htm#deep
(7) Payments Beyond Terms Are Increasing
http://www.leasingnews.org/archives/September%202008/09-03-08.htm#terms
(8) Cartoon---Do you know what I like about you?
http://www.leasingnews.org/archives/September%202008/09-05-08.htm#toon
(9) New Hires---Promotions
http://www.leasingnews.org/archives/September%202008/09-05-08.htm#hire
(10) New Hires---Promotions
http://www.leasingnews.org/archives/September%202008/09-03-08.htm#hire
(This is a free “ad” for our good friends the Bateman’s,
proprietors of Thunder Mountain Kona coffee)
[headlines]
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Classified Ads---Help Wanted
Vendor Sales Specialists
|
VENDOR SALES SPECIALISTS
LEASING SALES PROFESSIONALS
Like selling vendor programs and large transactions?
Enjoy international financing programs?
Prefer the advantages of a commission only environment with the security of health and welfare benefits?
CLICK HERE to find out how to have fun again. |
[headlines]
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Leasing Media Web Site Ratings
Alexa Ranks Leasing Media Web Sites
|
Rank |
9/7/2008 |
8/7/2008 |
|
WEBSITE NAME |
| 1. |
233,351 |
252,008 |
|
www.leasingnews.org Leasing News |
| 2. |
391,192 |
364,008 |
|
www.lessors.com eLessors Networking Association |
|
3. |
654,615 |
669,892 |
|
www.monitordaily.com Monitor Daily |
|
4. |
683,588 |
953,339 |
|
www.naelb.org* National Assoc. of Equip Leasing Brokers |
| 5. |
720,763 |
861,101 |
|
www.cfa.com Commercial Finance Association |
|
6. |
824,634 |
949,199 |
|
www.elfaonline.org** Equipment Leasing and Fin. Association |
|
7. |
921,207 |
1,254,445 |
|
www.Worldleasingnews.com World Leasing News |
|
8. |
934,499 |
914,098 |
|
www.ibaa.org Ind Community Bankers of America |
| 9. |
1,716,027 |
1,901,066 |
|
www.uael.org United Association of Equipment Leasing |
|
10. |
1,986,083 |
2,892,147 |
|
www.leasinglife.co.uk The Journal for Asset Finance |
| 11. |
2,586,374 |
2,658,158 |
|
www.iicl.org Institute of International Container Lessors |
|
12. |
2,869,483 |
2,595,857 |
|
www.executivecaliber.ws Exec Caliber-Jeffrey Taylor |
| 13. |
2,955,854 |
2,923,140 |
|
www.leasefoundation.org Equip. Leasing & Fin Fndn |
|
14. |
4,620,954 |
5,360,387 |
|
www.eael.org*Eastern Association of Equipment Leasing |
|
15. |
6,827,072 |
10,412,274 |
|
www.aglf.org Assoc of Government Leasing Financing |
|
16. |
7,354,074 |
9,590,291 |
|
www.us-banker.com U.S.Banker |
|
17. |
8,099,636 |
5,540,439 |
|
www.leasingnotes.com Leasing Notes |
|
18. |
9,705,626 |
9,752,912 |
|
www.nationalfunding.org The National Funding Assoc |
|
19. |
10,176,671 |
10,217,990 |
|
www.Leasingpress.com Leasing Press |
|
20. |
13,858,767 |
16,132,154 |
|
www.clpfoundation.org CLP Foundation |
| 21. |
21,413,371 |
20,651,886 |
|
www.leasecollect.org Lean -Lease Enforcement Att Net |
| 22. |
No Data |
No Data |
|
www.leaseassistant.org Lease Assistant |
David G. Mayer's Business Leasing and Finance News is not included in the Alexa report list as it does not have its own individual site and Alexa finds Patton Boggs, LLP Attorneys at Law. The rating is not valid as it includes all those who visit and communicate with the law firm. When Business Leasing and Finance News has its own individual web site, it will be included in the Alexa survey.
www.theleaseblog.com at present state they have over 4000 subscribers, including over 1200 signed up on their "blog." They are based in the UK and evidently do not have enough members in the US for Alexa using GoogleUSA to measure.
*It should also be noted that two web sites have their "list serve" posted via their site, meaning their e-mails are counted as a visit to the site, whereas they are "list serve" communication. These are technically visits to the web site, but primarily to use "list serve."
The Alexa tool bar works on most browsers.
They are partnered with Google.
You may download their free tool bar A graph and analysis of the last three months are available. [headlines]
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Leasing 102 by Mr. Terry Winders, CLP
Purchase Orders
An equipment Lease is a contract between the Lessor and the Lessee for the use of equipment over a defined period of time. A purchase order and a vendor’s invoice is a contract between the vendor and the Lessor for the purchase of the equipment. I am constantly amazed at Lessor’s who do not understand the importance of a purchase order.
A purchase order should clearly state the terms and conditions under which a Lessor is willing to pay for equipment requested by the Lessee. To begin with under federal income tax rules the lessor must pay 100% of the equipments hard cost. Therefore if the lessee made any down payment, or reduced the cost by a trade in, the vendor must return these funds to the lessee and only except a full payment from the lessor. A reimbursement to the lessee of these funds by the lessor will cloud the transfer of ownership and also leave open a sales tax question of a double sale.
A purchase order should contain the following statements:
1. This order is given in reliance on your assurance that lessee has selected the equipment described above and will accept the same on delivery. If lessee does not accept the equipment for any reason what-so-ever, we shall have no obligation here under, and you shall refund to us all sums (including taxes, transportation charges and other charges) paid for or on account of the equipment.
2. Title to the equipment shall pass from you directly to us and shall be free of all liens and encumbrances. You warrant that the equipment will comply with all warranties, agreements and representations made by you to lessee, and you agree that all warranties agreements and representations made by you (supply contract) to lessee or to us shall be fully enforceable by us and/or by lessee in its own name. You further warrant that you will comply with all federal, state, and local governmental and administrative regulations concerning safety, health, and occupational hazards which may be promulgated from time to time, and you further agree to hold us harmless from any loss you or we may occasion by your failure to so comply.
3. The total of the actual prices, taxes, transportation charges and other charges to be paid by us shall not differ from the total cost specified above. We shall have no obligation hereunder if said charges exceed the "amount" authorized below.
4. You shall deliver the equipment to lessee at the address indicated above. Transportation charges, if any are shown above shall be prepaid and included in your invoice price.
5. Terms of Payments: Thirty (30) days after receipt of your invoice or your invoice date, which ever is later, but in no case before receipt from the lessee of an acceptable delivery and confirmed acceptance agreement.
6. This purchase order requires you to notify us of your date of delivery within twenty-four (24) hours after the lessee takes possession of the Equipment. If this notice is not given to us in the required time frame so that we may file the appropriate notices of ownership or liens then we shall have no requirement to pay for the equipment. If the Equipment has been delivered and Twenty (20) days has passed from that date then you must assign to us the proper Uniform Commercial Code lien filing in the appropriate jurisdiction or we will have no obligation to pay for the equipment.
7. This purchase order shall and only shall become a binding contract between us upon your written acceptance, or cashing our payment check, as indicated on the original or on a duplicate hereof.
8. No changes or modifications of any kind to this purchase order shall be effective with out our prior written approval.
These statements clear the air and set the stage for proper transfer of ownership/title and give the lessor grounds to refuse payment if the conditions are not meet. On rare occasion when substitute equipment changes occur at the last moment without notice to the lessor then grounds for legal action to recover losses from the vendor are possible.
A vendors invoice should always be checked to see that the invoice transfer ownership/title to the lessor upon payment and not to the lessee.
Always put a copy of these documents in your legal folder.
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
(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)
[headlines]
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Leasing News eMail---Delivered/Not Delivered
Over 300 email addresses to individuals at a leasing company were removed in August, 2008. This does not include individual email addresses to gmail, yahoo, or other accounts.
An additional 100 were removed as being reported “blocked.” Many of these were from the same company, such as CIT or Direct Capital, as well as others. Whether these are by the company’s themselves or a server or spam feature is not known as there are many CIT and Direct Capital readers
on the “active” list who receive the email.
There is another category called “other” in which more than an hundred are being reported in this category, also falling into company categories such as Balboa Capital or LeaseDirect. These emails are also not getting delivered. There are other Balboa Capital and LeaseDirect email readers who do receive it and maybe these are people who have left the company and their email remains in the system.
Luckily for Leasing News two-thirds of our readers reach us direct by going to our news edition at www.leasingnews.org. The new email subscribers also exceed those who are no longer receiving
Leasing News.
Kit Menkin, editor
[headlines]
-------------------------------------------------------------- ### Press Release ###########################
New Chicago Bank $120 Million of New Capital
http://www.newscom.com/cgi-bin/prnh/20060605/CGM055LOGO)
ROSEMONT, Ill/ -- Taylor Capital Group, Inc. (Nasdaq: TAYC), the holding company of Cole Taylor Bank, announced that it has entered into definitive agreements with investors for $120 million in capital through the private placement of $60 million of non-cumulative, convertible preferred stock by Taylor Capital Group and $60 million of subordinated debt by Cole Taylor Bank.
The investors in the preferred stock will include Harrison I. Steans, Jennifer W. Steans, the Taylor family, several members of Cole Taylor Bank's management and a number of Chicago-based investment firms and individuals. The Company previously announced that it had entered into a letter of intent with Harrison I. Steans and Jennifer W. Steans to raise capital to support its growth strategy. Harrison I. Steans is a former Chairman of LaSalle National Bank and NBD Illinois, and Jennifer W. Steans is the President of Financial Investments Corporation and Chairman of USAmeribancorp, Inc.
Bruce W. Taylor, Chairman of Taylor Capital Group, said, "The signing of these definitive agreements marks an important step toward achieving our strategic growth plan. The new capital committed by these investors will support the accelerated growth we have experienced since more than doubling the size of our commercial banking team. In addition, the partnership with the Steans and the relationships established with other Chicago area investors through these offerings, will be important parts of the foundation we are building to be Chicago's premier business bank."
Harrison I. Steans added, "My daughter, Jennifer, and I are delighted to be joining the Taylor family in backing Mark Hoppe and Cole Taylor's superb management team. We are dedicated to helping Cole Taylor Bank become the bank of choice -- the relationship bank -- for businesses throughout metropolitan Chicago. The management team is betting on the success of that endeavor and we are betting on them."
The net proceeds of the transactions will primarily be used to fund the Company's strategic growth initiative and to strengthen the balance sheet and regulatory capital of the Company and Cole Taylor Bank. The Company expects to close the transactions by the end of September. The closings are subject to customary closing conditions. Keefe, Bruyette & Woods, Inc. served as financial advisor to Taylor Capital Group in connection with these transactions.
The preferred stock will pay dividends quarterly at an annual rate of 8% and will be convertible into an aggregate of 6 million shares of the Company's common stock at a conversion price of $10.00 per share, which is equal to 118% of the closing price of the Company's common stock on July 25, 2008, the trading day prior to the public announcement of the letter of intent. The Company will have the right to convert the preferred stock into common stock on the fifth anniversary of the closing of the transaction, and the right to dividends at the stated rate could cease as early as the second anniversary of closing if the price per share of the Company's common stock on the NASDAQ Global Select Market reaches specified levels.
The subordinated notes of Cole Taylor Bank will bear interest at an annual rate of 10% and will mature on the eighth anniversary of closing, but will be prepayable at the Bank's option after three years. With the subordinated notes, investors also will receive warrants to purchase a total of 900,000 shares of Taylor Capital Group common stock at an exercise price of $10.00 per share. The warrants will not be exercisable until the later of 180 days after issuance or the date of the stockholder meeting described below, and the warrants will expire on the fifth anniversary of issuance.
Harrison I. Steans and Jennifer W. Steans are expected to join the Company's Board of Directors upon the closing of the preferred stock transaction. Mr. Steans will join a newly created Executive Committee along with Bruce W. Taylor and Mark A. Hoppe. Mr. Steans will chair the Executive Committee.
The Company intends to convene a special stockholder meeting to seek approval of matters relating to the transactions. Members of the Taylor family, who collectively beneficially hold approximately 44% of the total voting power of the Company's outstanding shares of common stock, have agreed to vote their shares of common stock in favor of each of the matters presented for stockholder consideration at the special meeting.
[headlines]
### Press Release ###########################
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News Briefs---- IRS extends offer to settle SILO lease suits
http://www.projo.com/business/content/BZ_IRSSHELTERS_09-06-08_2JBF8VN_v8.e4f86c.html
Bush takes over Fannie Mae/Mac fires Exec.
http://www.signonsandiego.com/news/business/20080907-0934-mortgagegiants-crisis.html
Fannie, Freddie blind to the bubble
http://www.signonsandiego.com/news/business/20080906-1705-mortgagegiants
-whatwentwrong.html
Taxpayers take on trillions in risk in Fannie, Freddie takeover
http://www.usatoday.com/money/economy/housing/2008-09-07-fannie-freddie-plan_N.
htm?loc=interstitialskip
Killinger ousted as WaMu's CEO, Journal reports
http://seattletimes.nwsource.com/html/businesstechnology/2008164997_webwamu07.html
[headlines]
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Sports Briefs---- Sloppy Play leaves 49ers to first loss
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/09/07/SPFM12PT29.DTL
Panthers snatch win on last play
http://www3.signonsandiego.com/news/2008/sep/07/week1-chargers-panthers/?chargers
Bills' special teams spark 34-10 win over Seattle
http://seattletimes.nwsource.com/html/seahawks/2008164451_webhawks07.html
Bears off and running
http://www.chicagotribune.com/sports/football/bears/chi-080907-chicago-bears
-indianapolis-colts,0,3106850.story
[headlines]
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“Gimme that Wine” California Grape Harvest down 20%
http://www.agweekly.com/articles/2008/09/04/commodities/crop/crop05.txt
Bottleshock Film far from the Truth
http://in.reuters.com/article/entertainmentNews/idINIndia-35317020080904?
pageNumber=2&virtualBrandChannel=0
2008 Bordeaux harvest begins
http://www.decanter.com/news/267133.html
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/
[headlines]
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This Day in American History
70--- Following a six-month siege, Jerusalem surrendered to the 60,000 troops of Titus' Roman army. Over a million Jewish citizens perished in the siege and, following the city's capture, another 97,000 were sold into slavery. Today others say the Jews have no right to belong in Israel. Nothing much has changed, then?
1522 -- The Victoria is the first ship ever to encircle the globe. It reached port without its captain, Magellan, who died en route in the Philippines. One of Ferdinand Magellan's five ships returns to Spain, thus completing the first successful circumnavigation of the world. Magellan, a Portuguese navigator employed by Spain, set out from Seville three years ago with 265 men. Only 15 survived the journey. Magellan himself was killed after making a local chief in a Christian and then to prove the authority of Spain, attacked the chief adversary, but in waters that did not allow his ship to get close enough to shore to fire cannons, and the men were attacked in hand combat in shallow waters, with Magellan being http://www.eyewitnesstohistory.com/magellan.htm
1565 - Spanish explorers led by Pedro Menendez de Aviles founded St. Augustine in Florida, the first permanent European settlement in North America. St. Augustine was founded 42 years before the English settlement of Jamestown in Virginia.
1636--- Harvard College (later University) was founded by the Massachusetts Puritans at New Towne. It was the first institution of higher learning established in North America, and was originally founded to train future ministers. Harvard College was established in 1636 by vote of the Great and General Court of the Massachusetts Bay Colony and was named for its first benefactor, John Harvard of Charlestown, a young minister who, upon his death in 1638, left his library and half his estate to the new institution. Harvard's first scholarship fund was created in 1643 with a gift from Ann Radcliffe, Lady
1644 - The settlement of New Amsterdam was seized from Dutch governor Peter Stuyvesant by the English under Colonel Richard Nicholls without a shot being fired. It was later renamed New York after James, Duke of York, the future King James II.
1755 - In the Seven Years War in North America, Col. William Johnson with his English militia defeated a combined French and Indian force in the Battle of Lake George.
1760 - British troops under Jeffrey Amherst defeated the French in the Battle of Montreal; after the loss, the French surrendered their arms throughout Canada.
1771 --Mission San Gabriel Archangel forms in California.
http://www.californiamissions.com/cahistory/sangabriel.html
1781-- The American Revolutionary War was going badly for the freedom fighters as New London, Connecticut was looted and partially burned by British Troops under Gen. Benedict Arnold, who had joined the British. He also captured Fork Griswold at Groton across the Thames River. Benedict Arnold reportedly treated American soldiers with unnecessary brutality. The loyalist thought they could win the war. Another factor for Arnold was not only the money for his young wife, but the fact he hated the French, and their coming to the ad of the new colony was more than he could take, he said. But it was really the money he was after.
1847 - Americans under Gen. Winfield Scott defeated the Mexicans at the Battle of Molino del Rey in the Mexican War.
1866 - In Chicago, Illinois, James and Jennie Bushnell became the parents of sextuplets when their three boys and three girls were born. Two of the babies died, but the surviving four lived long lives. This was the first birth of sextuplets recorded.
1883 -- Sitting Bull, main chief of the Sioux tribes, delivers a speech insulting & making fools of US authorities to great applause. Sitting Bull (Tatanka Iyotake), whose position was being bypassed by US authorities because he firmly stood against the robbery of the native peoples, spoke at the celebration of the driving of the last spike in the Northern Pacific railroad joining with the transcontinental system. He delivered the speech in his Sioux language, departing from a speech originally prepared with an army translator. Denouncing the US government, settlers and army, the listeners thought he was delivering a speech of welcome and praise. While giving the speech Sitting Bull paused for applause periodically, bowed, smiled and continued insulting and making asses of the audience & US authorities as the translator delivered the original address.
1883 - The Northern Pacific Railroad across the U.S. was completed.
1892 - Written by Francis Bellamy, the original "Pledge of Allegiance" was first published in an issue of The Youth's Companion in Boston.
1897 -- Birthday of American folksinger Jimmie Rodgers lives, born Meridian, Mississippi. Died New York, New York, May 26, 1933. He is often called the "father of country music."
http://www.southernmusic.net/jimmierodgers.htm
1900 - Galveston, Texas was hit by the worst hurricane in United States history. Twenty-three foot waves and winds up to 135 miles per hour killed 6,000 people. The storm lasted for 18 hours. The city, on an island connected to the mainland by a 2-mile long causeway, had to be rebuilt. When the renovations were completed, Galveston was raised 15 feet above its old level and a new sea wall was built six feet higher than the former high-water mark.
http://memory.loc.gov/ammem/today/sep08.html
1903-The American Federation of Labor granted a charter to the granite quarry workers of Barre, Vermont. To document the lives of workers whose union standards outpaced the nations, writers from the Federal Writers' Project interviewed Barre quarrymen in the early 1940s. Many of these interviews are in the American Memory collection American Life Histories, 1936-1940.
(lower half of http://memory.loc.gov/ammem/today/sep08.html )
1911 -- Naturalist Euell Gibbons born in Clarksville, Texas, died December 29, 1975. Perhaps his appearances on the Johnny Carson shows started a healthy food eating craze. The Post Grape Nuts cereal advertising quote "Ever eat a pine tree? Many parts are edible." is attributed to him (and inspired Carson to joke about sending him a "lumber-gram"). Ironically he died from a heart attack, most likely brought on as a result of smoking cigarettes, the saturated fats he added to his wild food diet, and a lack of exercise in his later, declining years.
http://www.tsha.utexas.edu/handbook/online/articles/GG/fgi38.html
1921-Margaret Gorman of Washington, DC, was crowned the first Miss America at the end of a two-day pageant at Atlantic City, NJ. The sixteen-year-old schoolgirl was a dead ringer for reigning matinee superstar, Mary Pickford. Gorman continued to compete in later years, and though unsuccessful, was always a favorite of the crowds. A few years later, she married Victor Cahill, and was happily married until he died in 1957. She lived all her life in D.C., but enjoyed traveling. She died in October 1995.
http://www.missamerica.org/our-miss-americas/1920/1921.asp
http://www.missamerica.org/our-miss-americas/1920/review.asp
1922- Comedian Sid Caesar birthday. While Milton Berl was considered
“Mr. Television” in the 1950's, it was Caesar “Show of Shows” that really cracked this teenager up. My father was a personal friend of the director, and also good friends of two of the characters in the series, and we would visit the set. Caesar was always very serious in person, but there was electricity in the live performance that made all ages laugh.
His show was the "must see" every Saturday night for four years ((112 episodes, 1950-1954)), Caesar's Hour 1954-1957. 1958 Sid Caesar invites. Known for deviating from the script, more a "comedy character" than one liners, he was very unsure of himself behind the scenes. He has appeared in many movies and TV shows, as well as Las Vegas. My father knew him and many of the writers, as Carl Reiner and Howie Morris were close friends of his. My father could imitate Caesar 100%. My father was an early television writer/producer in New York before networks. He produced the first network show for NBC, but is perhaps best known as the creator/writer of "Captain Video," "Harlem Detective (black and white cop in 1951" and "Hands of Mystery."
http://www.museum.tv/archives/etv/C/htmlC/caesarsid/caesarsid.htm\
http://www.imdb.com/name/nm0128377/
http://www.sidcaesar.com/
1923-Birthday of bass player Wilbur Ware, Chicago, Il, perhaps best known among hard bop bass players, heroin took him down.
http://www.harlem.org/people/ware.html
http://www.vh1.com/artists/az/ware_wilbur/bio.jhtmlc
1932-Birthday of Patsy Cline, country and western singer, born Virginia Patterson Hensley in Winchester, Va. Patsy Cline got her big break in 1957 when she won an Arthur Godfrey Talent Scout show, singing “Walking After Midnight.” Her career took off and she became a featured singer at the Grand Ole Opry, attaining the rank of top female country singer. She died in a plane crash March 6, 1963, at Camden, TN, along with singers Hawksaw Hawkins and Cowboy Copas.
1935 - The Hoboken Four, featuring lead signer Frank Sinatra, appeared on WOR radio's "Major Bowes Amateur Hour". The group won the contest held at the Capitol Theatre in New York City.
1935 - Louisiana Senator Huey P. Long was shot while attending a session of the state House of Representatives in Baton Rouge. Fatally wounded, he died two days later.
1941 - In World War II, the blockade of Leningrad began as the German army encircled the city, cutting it off from the rest of the country. The siege lasted until January 1944 with nearly 1 million civilians being killed.
1941 - For Columbia Records, Harry James and his orchestra recorded "Miserlou".
1943 - United States General Dwight D. Eisenhower announced the unconditional surrender of Italy in World War II.
1944---*PRUSSMAN, ERNEST W. Medal of Honor
Rank and organization: Private First Class, U.S. Army, 13th Infantry, 8th Infantry Division. Place and date: Near Les Coates, Brittany, France, 8 September 1944. Entered service at: Brighton, Mass. Birth: Baltimore, Md. G.O. No.: 31, 17 April 1945. Citation: For conspicuous gallantry and intrepidity at risk of life above and beyond the call of duty on 8 September 1944, near Les Coates, Brittany, France. When the advance of the flank companies of 2 battalions was halted by intense enemy mortar, machinegun, and sniper fire from a fortified position on his left, Pfc. Prussman maneuvered his squad to assault the enemy fortifications. Hurdling a hedgerow, he came upon 2 enemy riflemen whom he disarmed. After leading his squad across an open field to the next hedgerow, he advanced to a machinegun position, destroyed the gun, captured its crew and 2 riflemen. Again advancing ahead of his squad in the assault, he was mortally wounded by an enemy rifleman, but as he fell to the ground he threw a handgrenade, killing his opponent. His superb leadership and heroic action at the cost of his life so demoralized the enemy that resistance at this point collapsed, permitting the 2 battalions to continue their advance.
1945 - Bess Myerson of New York was crowned Miss America. She was the first Jewish contestant to win the title.
1950---Top Hits
Mona Lisa - Nat King Cole
Play a Simple Melody - Bing Crosby
Goodnight Irene - The Weavers
Goodnight Irene - Red Foley-Ernest Tubb
1952-- Ernest Hemingway's "Old Man & the Sea" published. It is his last work. It was for this work that he received the Nobel Prize in Literature.
http://www.ernest.hemingway.com/oldman.htm
http://www.hemingwayhome.com/HTML/main_menu.html
1952 - No. 1 Billboard Pop Hit: "You Belong to Me," Jo Stafford.
1955 - The Brooklyn Dodgers won the National League pennant in the earliest time a team had done so.
1955--Birthday of composer Daniel Palkowski, Oak Ridge, Tenn.
1956 Harry Belafonte's album "Calypso," goes to #1 & stays #1 for 31 weeks
1958 - Roberto Clemente of the Pittsburgh Pirates tied a major-league baseball record by hitting three triples. Clemente led the Bucs to a 4-1 win over the Cincinnati Reds.
1958 - The International Olympic Committee barred Communist China from the 1960 Olympic Games.
1958---Top Hits
Nel Blu Dipinto Di Blu (Volare) - Domenico Modugno
Little Star - The Elegants
Patricia - Perez Prado
Bird Dog - The Everly Brothers
1962-The novelty song "Monster Mash" by Bobby "Boris" Pickett enters the Hot 100 at #85. It's a tongue in cheek take-off on the late night monster movies. He recorded it with sound effects: the creaky door opening is a nail being pulled from a piece of wood, the boiling cauldron is Pickett blowing bubbles into a cup of water with a straw and the chains are him moving chains up and down. He also did all the voices. The song will make it to Number One for two wee
1965 -Hurricane Betsy kills 75 in Louisiana & Florida.
http://www.answers.com/topic/hurricane-betsy
1965 - Bert Campaneris of the Kansas City Athletics played all nine positions as his team lost to the California Angels, 5-3 in 13 innings. He gave up one run while pitching.
1965 - An ad in a Hollywood newspaper on this date requested four "insane boys, ages 17-21" to act in a television series about a rock and roll band. More than 400 hopefuls auditioned and those selected to be The Monkees were Micky Dolenz, Davy Jones, Mike Nesmith, and Peter Tork. The show, The Monkees, was the brainchild of producers Bert Schneider and Robert Rafelson. Within the year following the show's premiere, the four young men became international prime time pop stars.
1966- The first of 79 episodes of the TV series "Star Trek" was aired on the NBC network. “Beam me up, Scotty.” Perhaps the first cell phone was introduced
and the first kiss between a black woman and a man on television, along with many other innovative and comical episodes.
1966-“Tarzan” premiered on TV. This hour adventure series was based on Edgar Ritch Burroughs's character, who appeared for the first time on TV. Tarzan, an English lord who preferred the jungle, was played by Ron Ely,. Manuel Padilla, Jr. was Jai, a jungle orphan. Alan Caillou was Jason Flood, Jai's tutor, and Rockne Tarkington was Rao, a veterinarian. There was no Jane.
1966—“That Girl: premiered on TV, a half-hour sitcom starring Marlo Thomas. Ted Bessell also starred as her boyfriend Don Hollinger. They were finally engaged in 1970. Also featured were Lew Parker, Rosemary De Camp and Bonnie Scott. Well-known performers who appeared on the show included Cabeny Coleman, George Carlin and Bernie Kopell.
1966---Top Hits
Sunshine Superman - Donovan
See You in September - The Happenings
You Can't Hurry Love - The Supremes
Almost Persuaded - David Houston
1973--Marvin Gaye enjoyed his second #1 hit on the Billboard Pop chart with "Let's Get It On". He would place 7 more records on the list by 1982, giving him a total of 40.
1973 - Hank Aaron got home run #709 went into the record books. The Atlanta batter set a major league baseball record for most home runs hit in one league. In 1974, Aaron decimated Babe Ruth's record of 714 homers.
1974 - In a controversial move, US President Gerald R. Ford pardoned former President Richard M. Nixon for any crimes he "committed or may have committed" while in office. Ford defended his decision by explaining that he wanted to end the national divisions created by the Watergate Affair. The American Public thought it was a “pay off.” Ford was the only president not nominated for the office, taking over the vice-presidency after Spiro Agnew resigned.
1974- Richard Nixon was give " full, free, and absolute pardon, for all offenses against the United States which he, Richard Nixon, has committed or may have committed or taken part during the period from January 20, 1969 through August 9, 1974."
1974 - No. 1 Billboard Pop Hit: "I Shot the Sheriff," Eric Clapton. The song is a remake of Jamaican Bob Marley's reggae version.
1974---Top Hits
(You're) Having My Baby - Paul Anka
I Shot the Sheriff - Eric Clapton
Tell Me Something Good - Rufus
Please Don't Tell Me How the Story Ends - Ronnie Milsap
1976-Disco band Wild Cherry's self-titled album, which includes their Number One single, "Play that Funky Music," goes gold.
1976-The debut album by Vancouver band rock band Heart, "Dreamboat Annie" goes gold. The album contains "Magic Man" (a #9 hit) and "Crazy on You."
1982---Top Hits
Abracadabra - The Steve Miller Band
Hard to Say I'm Sorry - Chicago
Hold Me - Fleetwood Mac
Love Will Turn You Around - Kenny Rogers
1986-“The Ophrah Winfrey Show” premiered on TV. This daytime talk show as the top rated talk show for years and also has the distinction of being the first talk show hosted by a black woman, Ophrah Winfrey. Her show is taped in front of a studio audience who are solicited for their questions and feedback. In the mid-199s, fed up with the plethora of trashy talk shows that had sprung up everywhere, Winfrey decided to upgrade the quality of topics that her show presented. Her book club feature has been a popular element of her show, and chosen books usually become best seller.
1987 - Thunderstorms produce 4-8 inches of rain in 3 to 6 hours in Virginia bringing the totals for the Labor Day weekend up to 14 inches. The Staunton River crested at 34.44 feet at Altavista, its highest level in 47 years with flood damage estimated at 47 million
1987-at Miami the mercury soars to 97 setting a record for the date and month.
1990---Top Hits
Blaze of Glory - Jon Bon Jovi
Release Me - Wilson Phillips
Do Me! - Bell Biv DeVoe
Jukebox in My Mind - Alabama
1998- Mark McGwire of the St. Louis Cardinals hit his 62nd home run, breaking Roger Maris's 1961 record for the most home runs in a single season. McGwire hit his homer at Busch Stadium at St. Louis against pitcher Steve Trachsel of Chicago Cubs as the Cardinals won 6-3. McGwire finished the season with 70 home runs.
2002-Pop Zhao, a SF artist, organized volunteers to drape 3 miles of US flags along the SF coastline in an artistic display of patriotism, remembrance and strength.
2003 - With four honors, Shania Twain is the big winner at the Canadian Country Music Awards, presented at the Pengrowth Saddledome in Calgary, Alberta. Twain wins for top female, top album and top-selling album for "Up!" (Mercury Nashville) and top video for "I'm Gonna Getcha Good!" |
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Baseball Poem
Stubs
What is it
About ticket stubs
That prevents me
From throwing them away
Not just the precious few
From a World Series
But lately
I can't throw any away
They do not bring to mind
Vivid memories
Of good times
Or remembrances
Of hits and runs past
Yet they stand for something For times I traveled
Outside of time
Like stamped passports
They are all the proof remaining
Of my trips
Written by Gene Carney, published in
“Romancing the Horsehide: Baseball Poems
on Players the Game”
Published by McFarland and Company |
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