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Spring Ahead this Sunday---One Hour Advance Your Clocks
If you want to receive “Sunday Sermon,” please click
reply and send.
|
About the Company: A rapidly expanding Middle Market Leasing / Finance Company located in CT. Equilease Financial Services, Inc |
Headlines---
Classified
Ads----Sr. Credit Officer/Sr.Management/Syndicator
Yesterday’s
April Fool’s Edition
---Looking
for April 8th Boston Red Sox Tickets
UAEL
So-Cal Region May 11th Meeting
Preferred
Biz Solutions Upgrade to System 1
NACM
Credit Manager's Index (CMI) for March 2004
SBA
Administrator Barreto Praises House Passage of 7(a)
Greater
Bay Bancorp Names New Chief Financial Officer
MicroFinancial
Awarded $23 Million Judgment
Venture-Backed
IPO Continues to Show Strength in Q1
######## surrounding the article denotes it is a “press
release”
-------------------------------------------------------------------------------
|
About the Company: A rapidly expanding Middle Market Leasing / Finance Company located in CT. Equilease Financial Services, Inc |
Classified
Ads----Sr. Credit Officer/Sr.Management/Syndicator
(These are real ads,
not like yesterday’s April Fool edition.
Here are key executives
available with a
lot of experience. Think out
of the box and tap their experience,
energy, and enthusiasm.)
Senior Credit Officer
experienced in middle- market leasing; structured, vendor and 3rd party
to the fortune 1000. Proactive team builder, originations capable with
strong work ethic. Email: kyletrust@hotmail.com
Senior Management:
Baltimore, MD
25 year veteran of
commercial and equipment leasing seeking a senior management position
with leasing or asset based financing company in the southeast (Florida
preferred)Email: kellogg_md@yahoo.com
Senior Management:
Denver, CO. Fortune 500 GM/SVP wants to team up with aggressive lender
looking for Western expansion mid-market equip. finance/leasing. 20+
years experience within Rocky Mountain/ Southwest and Ca markets.
Email: legal@csotn.com
Senior management:
Hope, NJ.
25 years in optimizing
call center operations, collections, billing, and back end revenue generation.
Experienced in $7 + billion dollar portfolios. Verifiable achievements.
E-mail: cmate@nac.net
Senior Management:
Irvine, CA.
Credit executive,
portfolio manager and syndication facilitator. Extensive business building
experience in small and mid-ticket operations. Highly innovative. Fortune
100 audit and technology skills. Bottom-line manager.
Email: lenhubbard@bigfoot.com
Senior Management:
Long Island, NY
Degree Banking/Finance.
13 years leasing exp. Now prez young leasing company where promises
were not met. Interested in joining established firm with future. Email:bob33483@yahoo.com
Senior Management:
New York, NY, NJ, Ct Tri-State
Top Exec. middle
and big ticket, top skills treasury, funding, ops,transaction detail,
syndication, ready to max profit, help build quality operation. right
now!
E-Mail: leasefinance@optonline.net
Senior Management:
Portfolio Management Consultant; 25+years experience in Collections,
Customer Satisfaction, Asset Management, Recoveries, Continuous Process
Improvement, Back end Revenue Generation, Cost per Collection Analysis.
$5+Billion Portfolio expertise. Email: efgefg@rogers.com
Senior Management:
San Francisco, CA., 25 years experience w/global leasing company, sales,marketing,business
dev., P&L responsibility, asset mgmt, brokering and re- marketing.
Interested in joining an est. firm with a future. Email:rcsteyer@yahoo.com
Senior Management:
Somerville, NJ.
28 year veteran in
Construction Equipment/ Transportation.
Full P&L responsibility,
profit driven, team builder, sales manager, strong portfolio management
skills. Will consider relocation.
email: leasingman_95@hotmail.com
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
full listing of ads at:
http://64.125.68.90/LeasingNews/JobPostings.htm#sec10
to post a “free”
ad, please go to:
http://64.125.68.90/LeasingNews/PostingForm.asp
------------------------------------------------------------------------------------------------------------
|
About the Company: Balboa Capital. 2010 Main Street 11th Floor Irvine, CA. 92614 www.balboacapital.com |
Yesterday’s
April Fool’s Edition
“They say that any
publicity is good publicity. That
is unless it reeks havoc with your organization.
Our phone has been ringing off the hook for the spot you printed
about Balboa Capital and Capital Works.
I cannot begin to tell you about all of the problems we have
had because of your antics. We
have consulted with our legal team and they assure us that we have cause
to take action.
“ Even with a full
retraction of your fabricated story, we will pursue damages!! Rest assured that your indiscretion will not
be taken lightly. One more thing,
I want you to know that April fools works both ways! On a serious note, we did have some problems with folks taking your
story seriously.
“ Please do let the
leasing world know in your next publication that what you said was a
prank.”
Joseph Seboek
Director of Recruiting
& Career Development
949-553-3459 (Direct)
949-756-0800 (Main)
949-399-3159 (Dir.
Fax)
josephrs@balboacapital.com
2010 Main Street
Fl 11
Irvine, CA. 92614
"If a man empties
his purse into his head, no man can take it away from him.
An investment in
knowledge always pays the best interest."
-Ben Franklin
( Perhaps this is
your April Fool’s joke, but it sure doesn’t appear that way. First,
I suggest you speak with your president Patrick Byrne, whom I spoke
with yesterday morning. He didn’t talk about any legal action.
The April Fool’s edition has been a tradition since we started
Leasing News. Byrne was laughing when I got off the telephone
with him. He did tell me some people didn’t get the April Fool’s joke
and they were apply
for a job, wondering if Mark McQuitty or Jim Raeder would
be running the company.
The classified ads, starting with Gates buying
GE and a picture of him with a pie in his face, plus replacing Imelt
with Mike Holmgren, Amembal flying down to a eMail conference in Nigeria,
then Charlie Lester becoming Leasing News editor, hiring Joe Bonanno
as legal counsel with the terms and conditions, then Balboa Capital
with Jim Raeder in a tuxedo, and
finally Jim Merrilees with his golf and
New
Head of Balboa Capital? Jim
Raeder?
----
“Very
cute! I particularly liked your ‘jobs
wanted’ ads. I wonder how many of your readers will miss the joke and
take it seriously? It will be interesting to see the feedback.
Bob Teichman, CLP
Teichman Financial Training
3030 Bridgeway, Suite 213
Sausalito, CA 94965
Tel: 415-331-6445
Fax:415-331-6451
e-mail: BoTei@aol.com
"Providing education and training to the equipment leasing and
financing industry."
(Bob, You called that right, again. I guess people applying for jobs at Balboa Capital
took the classified ads and stories seriously!!! editor )
--
“...nice 'fools'
edition”
Wayne Crawford
--
“You should be in
comedy. Those jokes are brilliant. Looking forward to next April fools!
“
Regards,
Ed Castagna
Nassau Asset Management
---
“Love
the April Fools issue, Kit.
funny............
Hope
all is well,
your
leasing buddy,
Tree”
Theresa
M. Kabot
Kabot
Commercial Leasing
Seattle
USA
---
“You have a creative
mind. I may have to go out and register that name right
away. Golf and wine would be great but, Dennis can do all the hunting.
Seriously, I like my job at SBB&T.”
Jim Merrilees
SBB&T, Leasing Division
6950 SW Hampton Street #219
Tigard, OR 97223
888-684-0506
503-684-1045 fax
--
“The Gates Story
is too funny! In fact, the entire edition was great.
We need a little humor and levity in the industry about now. This edition is becoming a great tradition.”
John McCue
McCue Systems Inc.
Burlingame, CA
The April Fool’s 2004 edition
http://www.leasingnews.org/archives/April%202004/4-01-04.htm )
Balboa
Capital Cartoon
----------------------------------------------------------------------------------------------------
 Accounting: PricewaterhouseCoopers seeks individuals with experience in commercial equipment leasing to help clients improve their leasing businesses by designing, developing, and implementing solutions to accounting & operational issues. Email: anthony.g.anderson@us.pwc.com About the Company: PricewaterhouseCoopers, New York, NY. |
-----Looking
for April 8th Boston Red Sox Tickets
ON APRIL THE 8TH
I WILL TURN 50 YEARS OLD & I AM TAKING MY 2 SON'S, 10 & 14 TO
BOSTON FOR A NICE 5 DAY TRIP.
I KNOW THE OPENING GAME OF THE YEAR FOR THE BOSTON RED SOX IS ALWAYS
SOLD OUT AT FENWAY PARK, BUT WAS HOPING SOMEONE FROM
I WOULD APPRECIATE YOU POSTING MY REQUEST FOR
NOT ASKING FOR A
HAND OUT AS I WILL OF COURSE PAY A GOOD PRICE, ESPECIALLY FOR GOOD-GREAT
SEATS.
THANKS,
Wayne Moseley
President
General Equipment
Leasing
6409 Bayshore Blvd.
Tampa, FL 33611
Phone: 813-805-6610
Fax: 813-805-6612
waynem@geleasing.net
-------------------------------------------------------------------------------------------------------
***Announcement
***********************************************
UAEL
So-Cal Region May 11th Meeting
“California Lender
License Roundtable”
When: Tuesday, May 11th, 2004 @ 2:00 PM
Where: Citi Bank
Commercial Building
15233
Ventura Blvd (at Sepulveda)
Sherman Oaks, CA 91403
**UAEL Reserved a Conference. Please ask the Lobby Attendant to
direct you to Conference Room. (818)-528-7596
Event: California
Lender License
Presented by, Stephen E. Jenkins, Esq.
Hemar, Rousso & Heald, LLP.
“Do you need a CA
Lender and/or Broker License?”
”How do you obtain
a CA Lender and/or Broker License?”
”What is required
after you have a CA Lender and/or Broker License?”
Cost: There is no charge to UAEL Members.
$10.00 Fee Non UAEL Members
Please Reserve your
ticket via email at: giacono@westoverfinancial.com
Event Hosted by UAEL
Southern California Regional
### Press Release
################################
Preferred
Business Solutions Releases Upgrade to System 1 and CapitalStream Advantage
Lease Origination Software
– Edmonds, WA - Preferred
Business Solutions (formerly Preferred Broker Solutions) announces the
general release of their Advantage 2.0 program.
For those companies
familiar with the System 1 or CapitalStream Advantage programs, Advantage
2.0 utilizes the same look and feel of those popular programs, but extends
the functionality to use the latest technologies.
“We’ve added features
to the program that greatly enhance the strengths and eliminate the
weaknesses of the previous products”, commented Jim Buckles, President
of PBS. “Our overall goal was to add the functionality
to the program that our customers have requested for the past 9 years
and to make the transition to the new program both seamless and most
importantly, affordable. Advantage
2.0 is far more Contact Management driven and offers a number of enhancements
to the overall automation of the leasing process.
We’ve integrated the E-Mailing of documents as well as offer
a PDF option for the secure delivery of Lease Documents.
“We have had a number
of our customers compliment us on the PDF feature, since it not only
saves time in document preparation (it’s all done on-the-fly within
seconds), but has saved them a considerable amount of money in overnight
delivery fees, plus eliminated a day in the delivery process.
“We are also on the
campaign to automate the major Funding Source’s document programs. We have just finished Marling Leasing’s program
(which is available for free to all Advantage 2.0 users) and are in
pursuit of automating all the major Fundor’s document solutions.”
About Preferred Business
Solutions
Preferred Business
Solutions has been furnishing office automating to the Leasing Industry
for the past three years. The
Principal’s background has been in office automation since 1982 and
specific to the Leasing industry since 1997, with both System1 Software
and CapitalStream companies.
PBS also offers a
private label, web-based lease calculator, quoting tool and application
submission program, titled alaQuote.
alaQuote is the front end application to the Advantage 2.0 program
which allows application data to be imported directly into the Advantage
database for processing.
Preferred Business
Solutions
sales@pbs4u.com
(866) 352-8665
### Press Release
#################################
NACM
Credit Manager's Index (CMI) for March 2004: Concerns Wiped Away with
Strong Performances.
COLUMBIA, MD: -The
National Association of Credit Management (NACM) has released its Credit
Manager's Index (CMI) for March 2004. The CMI, a monthly survey of the
business economy from the standpoint of credit and collections, was
launched in January 2003 to provide financial analysts with another
strong economic indicator.
What a difference
a month makes! Any concerns expressed last month have been wiped away
with strong performances in both the manufacturing and service sectors.
In total, the CMI improved 7.1% over the February reading, with the
improvement in the manufacturing sector being even stronger. As reported,
there was extraordinary improvement in the favorable factors, whereas
the unfavorable factors basically maintained their February levels.
The CMI survey asks
credit managers to rate favorable and unfavorable factors in their monthly
business cycle. Favorable factors include sales, new credit applications,
dollar collections and amount of credit extended. Unfavorable factors
include rejections of credit applications, accounts placed for collections,
dollar amounts of receivables beyond terms and filings for bankruptcies.
A complete index
including results from the manufacturing and service sectors, along
with the methodology, is attached. To view the complete index online,
go to http://www.nacm.org/resource/press_release/pressMar04.html .
###
The National Association
of Credit Management (NACM), headquartered in Columbia, Maryland supports
more than 25,000 business credit and financial professionals worldwide
with premier industry services, tools and information. NACM and its
network of Affiliated Associations are the leading resource for credit
and financial management information and education, delivering products
and services which improve the management of business credit and accounts
receivable. NACM's collective voice has influenced legislative results
concerning commercial business and trade credit to our nation's policy
makers for more than 100 years, and continues to play an active part
in legislative issues pertaining to business credit and corporate bankruptcy.
Contact: Norma Heim,
NACM
410-423-1842
### Press Release
##################################
SBA
Administrator Barreto Praises House Passage of 7(a) Legislation
(This legislation
is in the US Senate, where it may be amended.
Previously
SBA loans were 90%
guaranteed and originators covered the 10%.
While
this bill increases
the “cap” back to the $2 million level, it only provides
for 75% guarantee. It is thought the U.S. Senate may amend to
a 50%
guarantee. Both increase the liability to originators
and thus the risk. editor )
WASHINGTON – SBA
Administrator Hector V. Barreto praised the House of Representatives
today for approving legislation that will increase the SBA 7(a) loan
program’s lending authority by more than $3 billion, lift the current
$750,000 cap on 7(a) loans, and ensure continuing operations for other
key SBA programs. The bill, HR 4062, passed today by unanimous consent.
“I am pleased that the House acted today to pass legislation that
will benefit thousands of small businesses across America,” Barreto
said. “This bill will help create a bigger, better 7(a) program. By
increasing the 7(a) program’s lending authority, the SBA will be able
to guarantee an additional 30,000 loans this year alone – loans which
will create or retain half a million jobs for hard working Americans.”
“I would like to
thank Speaker Hastert, Majority Leader DeLay, Chairman Manzullo, and
Ranking Member Velazquez,” Barreto added. “The cooperation they exhibited
today shows how we can accomplish great things for America’s small businesses
when we work together.”
The legislation now
moves to the Senate for action.
The new bill will
increase the 7(a) program’s lending authority for this year by up to
a third, to $12.7 billion. The $750,000 cap will be returned to the
$2 million level. Lenders also will have the option to make SBA Express
loans of up to $2 million. Piggyback loans will once again be allowed,
and for the first time the SBA will issue specific guidelines on piggyback
loans that will allow them to become a consistent part of the loan program.
The legislation reauthorizes
the 504 loan program and the Small Business Investment Company program
through the end of the fiscal year. The bill also guarantees that several
other SBA programs will remain in continual service through the end
of the June. The SBA’s Small Disadvantaged Business and Preferred Surety
Bond programs would both expire at the end of the week without congressional
action.
---
For more information
about SBA’s programs for small businesses, visit the SBA’s extensive
Web site at www.sba.gov. The SBA, in co-sponsorship with Staples, has
introduced an online newsletter SBA Solutions. For a free subscription,
go to http://web.sba.gov/list and select New SBA Solutions Newsletter.
### Press Release
####################################
Greater
Bay Bancorp Names New Chief Financial Officer
PALO ALTO, Calif--Greater
Bay Bancorp (Nasdaq:GBBK) today announced the appointment of James S.
Westfall as Executive Vice President and Chief Financial Officer, effective
May 1, 2004. Mr. Westfall will replace Steven C. Smith, who is retiring
this month.
"We are extremely pleased to have Jim Westfall join us in
this critical role," commented Byron A. Scordelis, President and
Chief Executive Officer of Greater Bay Bancorp. "With more than
25 years experience in the development and integration of asset and
risk management systems and an extensive background in treasury, financial
analysis and control, Jim will be an important addition to our growing
organization."
Mr. Scordelis continued, "Jim is coming to Greater Bay at
an exciting time for our company. We look forward to his contribution
and his leadership as we continue to expand, refine and diversify our
regional community banking and financial services model."
Mr. Westfall has served as Chief Financial Officer of Chela Financial,
a $3 billion San Francisco based non-profit student lending organization,
since 2000. At Chela, Mr. Westfall has had broad responsibilities for
the company's financial functions including accounting, treasury, financial
planning and credit risk management. Prior to that time, he spent sixteen
years with BankAmerica Corporation, and rose within the organization
to become Senior Vice President and Assistant Treasurer. His responsibilities
included financial forecasting, capital planning, asset liability management,
liquidity management, and credit rating agency relationship management.
Mr. Westfall also served as Manager of Financial Analysis and Planning
for Itel Corporation, a financial leasing company, from 1978 to 1983.
He began his career as a financial analyst with Chevron Corporation.
Mr. Westfall holds a Bachelor of Arts degree in Economics from Duke
University and a Master of Business Administration degree in Finance
and Accounting from the University of Chicago.
Mr. Scordelis added, "Steve Smith has been a very influential
part of the growth and development of Greater Bay Bancorp. We are truly
grateful for the foundation he helped to lay and for his many contributions
to the success that we have enjoyed. We wish him well in his retirement,
and appreciate all that he has done to assure a smooth transition of
his responsibilities."
About Greater Bay Bancorp
Greater Bay Bancorp, a diversified financial services holding company
with $7.6 billion in assets, provides community banking services in
the greater San Francisco Bay Area through its local community banks:
Bank of Petaluma, Bank of Santa Clara, Bay Area Bank, Bay Bank of Commerce,
Coast Commercial Bank, Cupertino National Bank, Golden Gate Bank, Mid-Peninsula
Bank, Mt. Diablo National Bank, Peninsula Bank of Commerce and San Jose
National Bank. Nationally, Greater Bay provides specialized lending
and leasing services through its specialty finance group which includes
Matsco, CAPCO and Greater Bay Capital. Commercial insurance brokerage,
employee benefits consulting and risk management solutions for business
clients are provided throughout the United States by ABD Insurance and
Financial Services, a wholly owned subsidiary.
For additional information and press releases about Greater Bay
Bancorp, visit the Company's web site at http://www.gbbk.com.
CONTACT:Greater Bay
Bancorp Byron A. Scordelis, President and CEO 650-614-5767 or Silverman
Heller Associates Philip Bourdillon/Gene Heller, 310-208-2550
### Press Release
###################################
MicroFinancial
Incorporated; Company Awarded $23 Million Judgment
WOBURN, Mass--MicroFinancial
Incorporated (NYSE-MFI), announced today that the company was awarded
a $23 million judgment.
In the first quarter of 2000, the Company had filed an action in
the United States District Court for the District of Massachusetts against
Sentinel Insurance Company, Ltd., ("Sentinel"), Premier Holidays
International, Inc., ("Premier") and Daniel DelPiano ("DelPiano")
arising from Premier's October 1999 default on its repayment obligations
to the Company under a $12 million loan. Judgment has been entered in
this case against Sentinel, which had issued a business performance
insurance policy guaranteeing repayment of the loan in the amount of
$14 million. This judgment has not been satisfied. Sentinel is currently
undergoing liquidation proceedings and a claim in this amount has been
filed with the bankruptcy court. The Company's case against Premier
and DelPiano was tried in November 2003, and was decided by the Court
in March 2004. The Court entered a judgment for the Company against
Premier and DelPiano, jointly and severally, on all of the Company's
counts, including fraud and violation of Massachusetts General Laws,
Chapter 9A, and dismissing with prejudice all of Premier and DelPiano's
claims and counterclaims. The Court awarded the Company $23 million
in damages. Collection of this award is not assumed and therefore it
is not reflected in the Company's financial statements.
"This legal matter is now behind us. The Company is pleased
with the court's findings in favor of our position on all counts, specifically
on the finding of fraud committed by Premier and DelPiano, and on the
full dismissal with prejudice of the counterclaims filed against us."
stated Mr. Richard Latour, President and CEO.
The Company also announced today that it continues to reduce its
outstanding debt obligations during 2004 beyond original expectations.
"As of April 1, 2004, the senior credit facility debt balance outstanding
was $35.7 million, compared to an expected $41.0 million for the same
period, as stated in the bank agreement. Total interest bearing debt
stands at $39.9 million as of April 1, 2004, compared to $62.1 million
on December 31, 2003" concluded Mr. Latour.
About Microfinancial
MicroFinancial Inc. (NYSE:MFI), headquartered in Woburn, MA, is
a financial intermediary specializing in leasing and financing for products
in the $500 to $10,000 range. The company has been in operation since
1986.
CONTACT:MicroFinancial
Incorporated Richard F. Latour, 781-994-4800
### Press Release ################################
|
About the Company: www.leasingpartnerscapital.com |
Venture-Backed
IPO Activity Continues to Show Strength in Q1
http://www.nvca.org/pdf/VEpress04_01_04.pdf
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|
About the Company: Dimension Funding, LLC Formed in 1979. Located on 17748 Sky Park Circle, Irvine, CA. 92614. Website: www.dimensionfunding.com |
News Briefs----
Mortgage rates rise
0.12 points
http://www.usatoday.com/money/perfi/housing/2004-04-01-mortgage-rates_x.htm
Bank of America completes
FleetBoston merger
http://www.signonsandiego.com/news/business/20040401-1341-bankofamerica-fleet.html
Largest U.S. banks
by assets
http://biz.yahoo.com/rc/040401/financial_factbox_banks_1.html
Gateway retail outlets
and 2,500 jobs to go
http://www.signonsandiego.com/news/business/20040401-2214-gateway-daily.html
Tyco Jurors Seek
Accountant Papers
http://www.washingtonpost.com/wp-dyn/articles/A43880-2004Apr2.html
Caltrain sets schedule
for Baby Bullet, June 7 target
http://www.mercurynews.com/mld/mercurynews/8335310.htm
------------------------------------------------------------------------------------------------
Sports Briefs---
Baseball Preview
http://www.washingtonpost.com/wp-srv/sports/baseball/longterm/2004/preview/baseball.html
Law's agent takes
swipes at Pats
http://patriots.bostonherald.com/patriots/view.bg?articleid=695
Allen's comment on
Clinton called irresponsible
http://www.sptimes.com/2004/04/01/Bucs/Allen_s_comment_on_Cl.shtml
NFL rule passes 31-1;
guess the 1---Skip Bayless
http://www.mercurynews.com/mld/mercurynews/sports/football/nfl/oakland_raiders/8328131.htm
Connecticut: The
Little State That Could
http://www.nytimes.com/2004/04/02/sports/ncaabasketball/02CONN.html
----------------------------------------------------------------------------------------------------
"Gimme that
Wine"
Fetzer's Longtime
President Steps Down
http://www.winespectator.com/Wine/Daily/News/0,1145,2399,00.html
Low Carb / Atkins
Sangria Recipe
http://wine.about.com/cs/sangriarecipes/a/lowcarb.htm
(for added zest,
cut up fruit into small pieces and soak
in vodka in the refrigerator
a day or a few days before the party,
and when you are ready to serve, add the fruit to the punch--
guarantee you will
have a great party. Also forget the diet
stuff and do it right!
If you are going to die, die fat
and happy.)
In 1976, Warren Winiarski's
Cabernet bested Bordeaux, and Stag's Leap Wine Cellars became famous.
At age 76, he's still in control.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/04/01/WIGRS5TNSF1.DTL
Los Angeles Celebrates
St. Francis' "Big Red" on May 2
http://www.vino.com/press/press_release.asp?PRID=299
-----------------------------------------------------------------------------------------------------------
|
About the Company: A rapidly expanding Middle Market Leasing / Finance Company located in CT. Equilease Financial Services, Inc |
This
Day in American History
1513- Juan Ponce de Leon discovered Florida, landing at the site
that became the city of St. Augustine. He claimed the land for the King
of Spain.
1792-the first US Mint was established at Philadelphia, PA, as
authorized by an act of Congress.
Copper coins were
authorized in one cent and half-cent ( coined until 1857). Gold coins
in $10
Eagles, $5 half-eagles,
and quarter eagles $2.50. It
was not until 1849 that $20 double eagles
and $1 gold pieces
were authorized. All gold coins
were discontinued by the Gold Reserve Act of January 30, 1934 that stated “ no gold shall hereafter be coined.”
Silver coins were the half dollar, quarter dollar, dime, and half dime,
until 1873, when Congress enacted what was known as
“the crime of 73”,
that made gold the sole monetary standard.
The first paper money was issued by Native Americans in Oregon,
the Araphos. Paper money was
not authorized until July 17, 1861 and August 5, 1861 by Congreesss
1829-the Bank deposit insurance law was enacted in the state of
New York, assessing banks one-half percent of capital stock until 3
percent was set aside " ...for the benefit of the creditors. Banks, their officers, and their servants were required to be examined
under oath at least once every four months.
1863- Richmond, Virginia Bread Riot: The women who marched through
the streets of Richmond, Virginia, demanding food. Facing them, Confederate
President Jefferson Davis was equally adamant: If the protesters did
not disperse, they would be shot. Indicative
of conditions in the Confederate capital of Richmond, VA, an angry mob's
demands for bread from a bakery wagon escalated into the destruction
of nearby shops. Confederate president Jefferson Davis, in a bold move,
stepped into the angry crowd and stated, "We do not desire to injure
anyone, but this lawlessness must stop. I will give you five minutes
to disperse, otherwise you will be fired upon." The mob dispersed
without bloodshed.
http://americanhistory.about.com/library/prm/blrichmondbreadriots1.htm
1865-the evacuation of Richmond, VA, was urged by General Robert
E. Lee, who informed Confederate President Davis that he himself must
withdraw from Peterburg, VA. Davis left the city that night with his
cabinet, retreating to Danville. The now small Confederate army begin
evacuation of Petersburg. Many believe it was General Grant and his
troops that burned Richmond down,
but that is not correct,
according to historians and records of the time. “ Richmond, meanwhile,
burned, as fires set by fleeing Confederates and looters raged out of
control.” http://memory.loc.gov/ammem/today/apr02.html
1866- Civil War Officially Ends. The state of “insurrection” was declared over by presidential proclamation
in Georgia, South Carolina, Virginia, North Carolina, Tennessee, Alabama,
Mississippi, Louisiana, Arkansas, and Florida. It was not until August 2 that the president
announced that the “insurrection” was at an end in Texas, and that civil
authority existed in the United States.
1908-the first professional to manage a city, now called “City
Manager” and the most
prevalent form of
city government in the United States, was Charles Edward Ashburner of
Richmond, VA. He was elected
general manager by the city council of Staunton, VA. Prior to this time,
the mayor was the
manager of each city. This was
the first “professional city manager”, who’s first year salary was $2,000;
the second year salary, $2,500. He
served until July, 1911.
1909-Birthday of 1909 Hymie Schertzer Birthday ( alto player with Bunny Berrigan, Benny Goodman
)
1918- birthday of the renowned African-American artist, Charles
White, who began his professional career by painting murals for the
WPA during the Depression. He was influenced by Mexican muralists Diego
Rivera and David Alfaro Siquieros. Among his most notable creations
are: J'Accuse (1966), a series of charcoal drawings depicting a variety
of African-Americans from all ages and walks of life; the Wanted posters
(c.. 1969), a series of paintings based on old runaway slave posters;
and “homage to Langston Hughes” 1971. http://www.charleshwhite.com/
1928-vocalist/songwriter Marvin Gaye born Washington, DC. Sang in his minister father's
church. With Harvey Fuqua in re-formed Moonglows. To Detroit in 1960.
Session work as a Motown studio drummer. First recorded for Tamla in
1961. To Columbia in 1982. Fatally shot by father during quarrel on
4/1/84 in Los Angeles. Inducted into Rock and Roll Hall of Fame in 1987.
http://www.rollingstone.com/artists/bio.asp?oid=3020&cf=3020
http://www.soul-patrol.com/soul/marvibd.html
1931-Jackie Mitchell, 17, became the first woman to pitch in a
professional baseball game after she was signed to a contract by the
Chattanooga Lookouts of the Southern Association. In an exhibition game against the New York Yankees, Mitchell struck
out Babe Ruth ( who took strike three) and Lou Gehrig ( who gallantly
missed three straight pitches) before Tony Lazzeri walked.
1942-Glenn Miller records patriotic “ American Patrol.”
1948---Top Hits
Now is the Hour -
Bing Crosby
I’m Looking Over
a Four Leaf Clover - The Art Moonie Orchestra
Beg Your Pardon -
Francis Craig
Anytime - Eddy Arnold
1956-“As the World Turns” premiered on TV, one of the longest-running
soaps currently on the air, "ATWT" premiered on CBS. The series
is set in Midwestern Oakdale and revolves around the Hughes family and
their neighbors. Irma Phillips was the show's creator and head writer.
Some of its cast members who made it big are: Meg Ryan, Julianne Moore,
Michael Nader, Steven Weber and Swoosie Kurtz.
1956-"The Edge of Night" premiered on CBS . Though the
plots initially revolved around crime and courtroom drama, the serial's
format soon developed along more conventional soap story lines of romance.
The soap shifted to ABC in 1975 but was cancelled in 1984. Larry Hagman,
Dixie Carter, Lori Loughlin, Willie Aames and Amanda Blake were some
of the show's most prominent players.
1956---Top Hits
The Poor People of
Paris - Les Baxter
Heartbreak Hotel
- Elvis Presley
Rock Island Line
- Lonnie Donegan
Blue Suede Shoes
- Carl Perkins
1964---Top Hits
She Loves You - The
Beatles
Twist and Shout -
The Beatles
Suspicion - Terry
Stafford
Saginaw, Michigan
- Lefty Frizzell
1969 - The Milwaukee Bucks of the National Basketball Association
signed Lew Alcindor for a reported $1,400,000 five-year contract. Alcindor
soon changed his name to Kareem Abdul-Jabar and his team to the Los
Angeles Lakers.
1971-Ringo Starr releases his solo hit, "It Don't Come Easy."
It would become his first top-10 hit.
1972---Top Hits
A Horse with No Name
- America
Puppy Love - Donny
Osmond
Mother and Child
Reunion - Paul Simon
My Hang-Up is You
- Freddie Hart
1974 - 46th Annual Academy
Awards presentation at the Dorothy Chandler Pavilion in Los Angeles!
Hosting the film industry celebration were John Huston, David Niven,
Burt Reynolds, and Diana Ross. Pictures this year included: "Serpico",
"The Exorcist", "Jonathan Livingston Seagull", "The
Day of the Jackal", "American Graffiti", "Papillon",
"Jesus Christ Superstar", "Last Tango in Paris",
"Live and Let Die", "Cinderella Liberty". And this
list doesn’t even include The Best Picture of the Year, "The Sting"
(producers: Tony Bill, Michael Phillips, Julia Phillips). "The
Sting" won six additional Oscars: Director (George Roy Hill); Art
Direction (Henry Bumstead)and Set Decoration (James Payne); Costume
Design (Edith Head); Film Editing (William Reynolds); Scoring/Original
Song Score/Adaptation: (Marvin Hamlisch); Writing/Original Story/Screenplay
based on Factual Material or Material Not Previously Published or Produced
(David S. Ward); plus three additional nominations. Nor does it include
these Oscar winners: Best Actor: Jack Lemmon for "Save the Tiger";
Best Actress: Glenda Jackson for "A Touch of Class"; Best
Supporting Actor: John Houseman for "The Paper Chase"; Best
Supporting Actress: Tatum O’Neal for "Paper Moon"; and Best
Music/Song: "The Way We Were" -- Marvin Hamlisch (music),
Alan and Marilyn Bergman (lyrics) from the movie of the same title.
http://www.infoplease.com/ipa/A0149268.html
1975 - The northeastern U.S. was in the grips of a severe storm
which produced hurricane force winds along the coast, and two to three
feet of snow in Maine and New Hampshire. Winds atop Mount Washington
NH gusted to 140 mph.
1975 - The biggest snowstorm of record for so late in the season
paralyzed Chicago, IL. Up to 20 inches of snow fell in extreme northeastern
Illinois, and 10.9 inches of snow closed Chicago's O'Hare Airport.
1977 - "Sir Duke," Stevie Wonder’s tribute to Duke Ellington,
was released.
1978-“Dallas” premieres on TV: Oil tycoons battled for money,
power and prestige in this prime-time CBS drama that ran for nearly
13 years. The Ewings and Barneses were Texas's modern-day Hatfields
and McCoys. Larry Hagman starred as the devious, scheming womanizer
J.R. Ewing. When J.R. was shot in the 1980 season-ending cliffhanger,
the revelation of the mystery shooter was the single-most watched episode
of its time (it was Kristin, J.R.'s sister-in-law, played by Mary Crosby).
Cast members included Jim Davis, Barbara Bel Geddes, Donna Reed, Ted
Shackelford, Joan Van Ark (who, along with Shackelford, starred in the
spin-off "Knots Landing"), Patrick Duffy, Linda Gray, Charlene
Tilton, David Wayne, Keenan Wynn, Ken Kercheval, Victoria Principal
and Steve Kanaly.
http://timstvshowcase.com/dallas.html
1979-Nickelodeon, the cable TV channel for kids owned by MTV
Networks, debuted on this date.
1980---Top Hits
Another Brick in
the Wall - Pink Floyd
Working My Way Back
to You/Forgive Me, Girl - Spinners
Call Me - Blondie
I’d Love to Lay You
Down - Conway Twitty
1982 - Severe thunderstorms spawned fifty-six tornadoes in the
central U.S., including seventeen in the Red River Region of Texas and
Oklahoma. The tornadoes claimed thirty lives, and injured 383 other
persons. A violent tornado near Messer OK left only the carpet tack
strips on the slab of a house it destroyed, and carried a motel sign
thirty miles.
1984 - John Thompson became the first black coach to lead his team
to the NCAA college basketball championship. Georgetown’s Hoyas defeated
Houston 84-75 in Seattle for the win. Thompson’s team in 1982 had finished
second to North Carolina for the championship.
1985 - One day after its release, the album, "We are the
World" was certified gold, when its sales reached an excess of
500,000 copies.
1985 - The NCAA Rules Committee adopted the 45-second shot clock
for men’s basketball, to begin in the 1986 season. It was an effort
to thwart the end-of-game stalls that kept opposing teams from scoring
in close contests.
1987 - Eleven cities in Florida reported record low temperatures
for the date, including Tallahassee with a reading of 31 degrees. The
low of 48 degrees at Key West smashed their previous record for the
date by 13 degrees
1988---Top Hits
Man in the Mirror
- Michael Jackson
Get Outta My Dreams,
Get Into My Car - Billy Ocean
I Want Her - Keith
Sweat
Love Will Find Its
Way to You - Reba McEntire
1989 - Strong and gusty winds prevailed from California to Colorado
and Wyoming. Winds gusted to 50 mph at Lancaster CA, and reached 85
mph at Berthoud Pass CO. Snow and high winds created blizzard conditions
in the Colorado Rockies.
1990 - Thunderstorms produced severe weather in North Carolina
and Virginia during the afternoon and evening. Thunderstorms produced
golf ball size hail, and spawned a tornado near Chester VA which caused
half a million dollars damage. A storm system produced snow and gale
force winds across northern Michigan, with 8.3 inches of snow reported
at Marquette. Temperatures in the north central U.S. soared from morning
lows in the 20s and 30s to afternoon highs in the 60s and 70s. Eight
cities reported record highs for the date, including Havre MT with a
reading of 77 degrees.
1996- Tiger first
baseman Cecil Fielder steals the first base of his eleven-year career.
The swipe of second comes in the 1,097th game 'Big Daddy's' has played
in the majors establishing the longest duration a player has ever gone
without a stolen base.
1996-In a Chicagoland Collegiate Athletic Conference baseball game,
St. Francisco of Illinois humiliated Robert Morris, 71-1, in a game
that Robert Morris coach Gerald McNamara declared over after four innings. St. Francis scored 26 runs in the first inning,
22 in the second, 4 in the third, and 19 in the fifth. The Fighting Saints broke a dozen NCAA Division
II records and tied four others.
2001 On Opening Day, Yankee fireballer Roger Clemens becomes the
all-time AL career strike out leader passing Walter Johnson as he Ks
Royals Joe Randa for his 3,509 Junior circuit victim. Passing the 'Big
Train, the 'Rocket' now takes over the seventh spot in major league
history.
2001- For the first time in major league history, a Japanese-born
position player participates in
a regular-season
major league game. Ichiro Suzuki, hitless in his first three at-bats,
singles in the seventh inning to ignite a two-run rally and bunts for
a hit in the eighth in his Mariner debut at Safeco Field.
2001—Duke University
wins the NCAA Basketball Championship
2003- Mike Bordick's record streak for games and chances without
an error by a shortstop
ends as Yankee outfielder
Bubba Trammell's third inning grounder tips off his glove. After converting
a fielder's choice in the first inning he misplays his second chance
of the game establishing 544 chances and 110 consecutive games without
an error a new major league mark for shortstops.
2003- Todd Zeile homers in first at-bat as a Yankee becoming
the only major leaguer to hit a home run for ten different teams. In
addition to homering with the Bronx Bomber, the infielder has also gone
deep for the Cardinals, Cubs, Phillies, orioles, Dodgers, Marlins, Rangers,
Mets, and Rockies.
. NCAA Basketball
Champions This Day
1984---Georgetown
1990—UNLV
2001---Duke
------------------------------------------------------------------------------------------------------
Baseball
Poem
The Red Sox Vs. The
Ultimate Yankees
The Red Sox are in fame, hopefully not for the rest of the
game
The score is 8-4
Can the Sox score more?
Can the Yankees score?
Or will this game be a total bore
When the Sox beat the Yankees 8-4?
Nick Johnson just hit a home run and the score is 8-5
3 other players get on the bases as well.
Now, Jorge Posada is up at bat
He looks at all the Sox players, like they’re little gnats.
He stands up straight
As the first pitch comes across the plate
The Ump calls a strike
And Torre on that first pitch, he does not like.
Posada continues the game and tries to put the Yanks into
fame
He knows that all the Red Sox players are truly lame
So the next pitch comes and the ball is to aim
Right at the catchers glove
But because Posada is a catcher
Who said that it had to aim at the other catcher’s mitt
or bat?
As all the Yankee fans raise their Yankee hats
Of hope and belief that Posada is going to hit
Because 3 players are bases 1, 2, and 3
He can surely hit the ball into a grand slam
And everyone is watching and can see.
The pitch comes across the half way and Jorge does his
move
As he hits the ball, but at the bottom
Causing it to be a pop fly
But because Posada had such an erg to get the ball out
of the park
It had power, strength
and belief in God
That all the fans including the Sox, had to, just had to
nod
This ball was out of the park, and half way into New Jersey!
Former Yankee and now announcer Paul O’Neil said “ Boy
what a game!”
That hit surely put the Yankees into fame and proved that
the Sox are really lame!
They had a belief and that was in God
And on that hit everyone had to nod!
Boy what a game,
what a game!
written by Bella Scorran
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