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Inside Marlin's 2nd Quarter 10Q
Marlin Business Services, Mount Laurel, New Jersey (Nasdaq: MRLN) issued their Second Quarter Financial Information in an eight page SEC press release on July 30th and a telephone conference call to stock and investor journalists followed. For those in the leasing industry, here is information from the 57 page August 2, 2013 10Q filing that was not detailed in the press release as to where income specifically is derived or other details, such as the Evergreen Clause leases (mostly the report indicates on copiers) or other income producing which lead to the profit increase. Marlin stated 67% of their leases are $1.00 out. (1)
“Our leases generally include renewal provisions and many leases continue beyond their initial contractual term. Based on the Company’s experience, the amount of ultimate realization of the residual value tends to relate more to the customer’s election at the end of the lease term to enter into a renewal period, purchase the leased equipment or return the leased equipment than it does to the equipment type. We consider renewal income a component of residual performance. Renewal income net of depreciation totaled approximately $1.3 million and $1.7 million for the three month periods ended June 30, 2013 and June 30, 2012, respectively. Renewal income net of depreciation totaled approximately $2.7 million and $3.6 million for the six-month periods ended June 30, 2013 and June 30, 2012, respectively. The decline in residual income was primarily due to fewer leases reaching the end of their original contractual terms, as a result of the lower originations during the 2008 to 2010 timeframe.”
Other items more by page number than significance:
“For the six-month period ended June 30, 2013 compared to the six-month period ended June 30, 2012, net interest and fee income increased $7.8 million, or 29.0%, primarily due to a 27.8% increase in average total finance receivables, combined with a lower cost of funds on liabilities. The provision for credit losses increased $2.0 million, or 95.2%, to $4.1 million for the six-month period ended June 30, 2013 from $2.1 million for the same period in 2012, due to increases in both net charge-offs and the allowance for credit losses resulting from portfolio growth, the ongoing seasoning of the portfolio and the mix of credit profiles.”
“Net charge-offs were $2.1 million for the three-month period ended June 30, 2013, compared to $1.1 million for the same period in 2012. The increase in net charge-offs was primarily due to portfolio growth, the ongoing seasoning of the portfolio as reflected in the mix of origination vintages and the mix of credit profiles. Net charge-offs as an annualized percentage of average total finance receivables increased to 1.55% during the three month period ended June 30, 2013, from 1.04% for the same period in 2012. The allowance for credit losses increased to approximately $6.9 million at June 30, 2013, an increase of $0.4 million from $6.5 million at December 31, 2012.”
“Net charge-offs were $3.6 million for the six-month period ended June 30, 2013, compared to $2.3 million for the same period in 2012. The increase in net charge-offs was primarily due to portfolio growth, the ongoing seasoning of the portfolio as reflected in the mix of origination vintages and the mix of credit profiles. Net charge-offs as an annualized percentage of average total finance receivables increased to 1.40% during the six-month period ended June 30, 2013, from 1.13% for the same period in 2012. The allowance for credit losses increased to approximately $6.9 million at June 30, 2013, an increase of $0.4 million from $6.5 million at December 31, 2012...We continue to adjust our credit underwriting guidelines in response to current economic conditions, and we continue to develop our sales organization to increase originations..."
“Insurance income. Insurance income increased $0.4 million to $2.4 million for the six-month period ended June 30, 2013 from $2.0 million for the six month period ended June 30, 2012, primarily due to higher billings from higher total finance receivables.
“Other income. Other income increased to $0.8 million for the six-month period ended June 30, 2013 from $0.7 million for the six-month period ended June 30, 2012. Other income includes various administrative transaction fees and fees received from lease syndications.”
“Fee income included approximately $0.7 million and $0.8 million of net residual income for the three-month periods ended June 30, 2013 and June 30, 2012, respectively. Fee income included approximately $1.5 million and $2.0 million of net residual income for the six-month periods ended June 30, 2013 and June 30, 2012, respectively. Net residual income includes income from lease renewals and gains and losses on the realization of residual values of leased equipment disposed at the end of term as further described below.”
Companies Who Do Not Notify Leases
The inclusion of automatic renewal (or “evergreen”) clauses in true leases has been a fairly common practice from time immemorial. It is included in most company leasing contracts, whether the purchase options are "fair market value, " 10%, or even $1.00 (Yes, companies will continue payments if not notified and there have been several cases where the residuals is $1.00)
There is no question that these clauses provide important protections to the lessor to obtain their residual. If the lessee has no intent to renew, the lessor has in interest in knowing it before the end of the term so that he can start planning for remarketing or some other disposition of the equipment, by which to realize the residual.
However, the question of whether a lessee should be reminded by the lessor of the notice deadline in plenty of time for the lessee to react is an entirely different question. These states have statutes requiring commercial equipment lessors to provide a written notice – a fair warning – before the notice deadline date arrives:
This is an unofficial list:
These companies have received complaints or law suits indicating abuse of the notification process:
ACC Capital, Midvale, Utah
(Click on name to learn more about the company on this list)
(Leasing News provides this ad as a trade for investigations
Companies who notify lessee
These companies do not use language to confuse, perhaps to deceive, with the result an automatic continuation for an additional twelve months of payments. They do not invoke the twelve months on a $1.00 purchase option or an Equipment Finance Agreement.
In its editorial of June 30, 2011, Leasing News recommends that the equipment lessor send a certified letter with return receipt; however, at this time, the acceptance of the word of the president of the company will be accepted until proven otherwise.http://leasingnews.org/archives/Jun2011/6_30.htm#editorial
Eleven Lawyers Against Evergreen Clause Abuse
The original intention of the Evergreen clause in an equipment leasing contract was to have an alternative to when the lessee did not exercise the residual at the end of the contract. Often the clause calls for an automatic additional twelve months when the residual is not resolved.
In most cases, the lessor notifies the lessee that the residual will be due, often ninety days in advance. However, often there is nothing in the contract that requires the lessor to notify the lessee regarding the expiration of the contract.
Contrarily, many small ticket lessors do not notify the lessee, and automatically continue the lease, often via an ACH or continued billing, which often goes unnoticed until many payments have already been made.
Leasing News would like to see an industry standard that lessees are notified in advance of the expiration of their contract regarding its termination. We support the clause, and the notification requirement is wide open, meaning 90, 60, even 30 days and by telephone or mail.
This list of attorneys agrees with this and will be available to lessees, sometimes able to help them without a fee, or at a reduced rate, in an effort to end the abuse of Evergreen clause leases.
(In 1998, he was elected to the United Association of Equipment
Ronald J. Eisenberg
(Proven Leasing Litigator, well respected by all sides)
Ronald P. Gossett
(Many cases including NorVergence, Brican, among others, a winner)
Kenneth C. Greene
(Ken was involved in the formation of Leasing News and
Brandon J. Mark
(His firm represents banks who buy leases, and his
BARRY S. MARKS
(Well-known to the leasing industry, also Alabama Poet)
(Leasing News Advisor/Well-Known top Leasing Litigator)
(Experienced leasing attorney, aggressive, author, secretary,
(Long time Southern California leasing attorney, well-respected)
Kevin E. Trabaris, Principal
"In my career, I’ve repeatedly seen this provision misused
Michael J. Witt, Esq.
(Former Advanta Leasing
Signatures in Blue Ink
One of the most important requirements of lease documentation is to obtain properly signed documents. I know this sounds simple, but on many occasions the question is raised in legal court: who signed the documents and what was the signers authority to do so?
The first requirement is to have the signer indicate his title or office for the company. If there is no title then it can be assumed that it is a personal lease and will be governed by the consumers leasing law. In addition it is wise to have a witness sign on a witness line with an indication of his title. Also, many signatures are illegible and require a printed or type name below the signature to identify the signer. This is true with all signers.
I recommend that you have a line under the signer as well as the witness to the signature have a line (also, don’t forget to get a copy of both of their driver’s license as further evidence.) I also recommend it when it is a larger dollar lease and a notary is required to still have a place for a witness to sign. I have been questioned as a legal expert about signature verification, especially when the party denies they signed it, like a now ex-spouse.
A lease contract is not complete until both the lessee and the lessor have signed the lease. It is common for the lessor to hold up signing the lease agreement until it has gone through an audit to make sure everything required of the lease has been checked and verified. Sometimes the description of the equipment changes and must be modified and the lease payment changes between the signing of a lease agreement and the delivery of the equipment.
The larger the lessee, the more important to obtain proof that the signer has authority to bind the firm. This is accomplished with resolutions or partnership agreements. Occasionally, a credit report that has had information supplied by the lessee indicating the officers or owner names and their positions can be used.
One of the problems leases have today is that the lease language is hard to understand for the layman so they plead ignorance in court and claim they did not understand the terms of the lease agreement and should not be held to its terms. Therefore it is wise to include the following statement above the signatures:
Lessee acknowledges that it has received a copy of this document as executed by Lessee, with all blanks completed. Lessee acknowledges that it (a) has READ THIS DOCUMENT, HAS CAUSED THIS DOCUMENT TO BE EXAMINED BY LESSEE'S REPRESENTATIVES OR ADVISORS; (b) is thoroughly familiar with the transactions contemplated in this document; and (c) together with Lessee's representatives or advisors, if any, has had the opportunity to ask such questions of representatives of Lessor, and receive answers thereto, concerning the terms and conditions of the transactions contemplated in this document as Lessee deems necessary in connection with Lessee's decision to enter into the Lease, this Schedule, and any other schedules and/or supplements.
The last suggestion is the have the signatures signed in blue ink so the copies you make from the originals to send to the lessee can be distinguished from the originals.
Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty-five years and can be reached at firstname.lastname@example.org or 502-649-0448
He invites your questions and queries.
Previous #102 Columns: http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm
(This ad is a “trade” for the writing of this column. Opinions
Leasing Industry Help Wanted
For information on placing a help wanted ad, please click here:
Please see our Job Wanted section for possible new employees.
“Tips on How Not to Be Nervous for a Job Interview”
Question: I tend to get nervous in a job interview and start to fidget. Can you give me any tips on how to handle this during an interview?
Answer: All your friends and colleagues will say, “Just relax.” Well, I know it is not that easy. Here are a few tips to help you so you can stop fidgeting during a job interview.
1. Clasping your hands behind your head.
1.Subtly exposing your palms now and then as you speak can help to demonstrate that you are open, friendly and have nothing to hide.
Career Crossroads Previous Columns
Leasing News Advisor
I was born and raised in Chicago.
In 1974 I attended Colorado State University before dropping out without graduating in 1977. I returned to Chicago and was hired for my first job selling copiers and office equipment downtown Chicago. After 2 years of excellent sales training I made the decision that I liked Colorado much better than Chicago and I relocated to the Denver area in 1980.
In Denver I was hired for my second and last job again selling copiers and office equipment. At this job I continued my sales education and was introduced to leasing as a sales tool for selling copiers. After 1 year selling copiers in Denver it became apparent to me that I wasn’t very good at taking direction or working for someone else. In 1981 with $2,000 in savings I started my first company, Business Systems Brokers. I was selling used copiers and office equipment out of my converted garage.
With only $2,000 to acquire inventory I was forced to be a little creative. I contacted a few leasing companies in Denver to see if I could buy their repossessed copiers and office equipment. I struck gold when I was able to buy 3 full self storage lockers full of copiers and office equipment for the $2,000 (In 1981 leasing companies didn’t have full time asset departments). This inventory kept me in business for the first year. With my experiences selling copiers I knew I needed to offer some type of financing to help me sell my used copiers. In contacting additional leasing companies to buy equipment I learned of a company in Florida named Denrich Leasing. Denrich Leasing was a small ticket leasing company working with brokers nationwide. I started to offer Denrich’s leasing product to my copier customers in 1982 under the company name Business Systems Brokers dba; BSB Leasing (You think I could make up a name like that ?) After about a year I was making more profit brokering leases to Denrich then I was selling used copiers. And I didn’t have to worry about providing service on the lease like I did with the copiers.
In 1983 I sold my last copier and became BSB Leasing exclusively. I moved out of my garage (It was very cold in winter), moved into a real office and hired my first employee. The next twelve years were spent building a nice profitable little business working with equipment vendors in the Denver area.
In 1995 BSB Leasing was selected by Colonial Pacific Leasing to become a service center for brokers in the Western United States under a program they developed named Pegasus. That year BSB Leasing began working with lease brokers.
In 1998 after growing to 40 employees, offices in Denver and Cherry Hill, New Jersey and $75M in annual funding BSB Leasing was sold to UniCapital Corporation, a public company in Miami. I became a unit President reporting to Bruce Kropschot, then a Vice-Chairman of UniCapital.
After 2 years under the ownership of UniCapital in 2000 I re-acquired BSB Leasing along with my management team of Bruce Zwillinger and Ron Gonzales.
I continue to serve as President of BSB Leasing, Inc. working primarily out of my home on Kauai while Ron Gonzales runs the day to day from our headquarters in Denver. Bruce Zwillinger semi-retired in October, 2012 but continues to work with a select group of brokers.
In 2013 BSB Leasing, Inc. continues to work with lease brokers nationwide. We offer both direct funding under ( BSB Leasing, Inc. name ) BSB Direct Finance name and complete syndication services through our Syndication Desk.
I also serve on the board of Orion First Financial, LLC and Mintaka Financial, LLC in Gig Harbor, WA. In addition, Chief Credit Officer of Mintaka Financial, LLC since 2008
Other companies started include;
Info Marketing, Inc. started 1987 and sold 1990
Married for 20 years to the most beautiful women in the world Dolly. We have 4 great kids Dylan 19, McKenna 17, Matthew 14 and Dru 12.
Here are photo's of Don and his family from the previous
Both Positive and Negative Implications
XEROX CORPORATION, Plaintiff, v. GRAPHIC MANAGEMENT SERVICES INC., GRAPHIC MANAGEMENT SERVICES, INC., MHW, INC., AND DAVID TABAH, Defendants
"The leased and purchased equipment was installed, but since early 2011, Defendants have failed to make payments under the Agreements. There is no dispute that Defendants defaulted under the Agreements.
"In their counter complaint, Defendants claim that during the negotiations of the Agreements, Plaintiff made certain statements that induced them into entering the agreements and that the equipment did not perform as promised. Defendants raise several defenses and counterclaims relating to these alleged statements. Defendants further allege that they notified Plaintiff of the alleged deficiencies in the product and they were "forced to ... lease additional equipment" to conduct their business. However, they [*8] allege that Plaintiff did not remove the leased equipment until August 2011." (1)
The equipment leasing and finance community should take note of this recent case out of New York for both positive and negative implications.
The case, Xerox Corp. v. Graphic Management Services Inc., et el, 2013 U.S. Dist. LEXIS 100657 (W.D.N.Y. July 17, 2013), involved the breach of several lease agreements for printing equipment. The Court granted the lessor’s motion for summary judgment in part and denied it in part and the decision is rife with issues both favorable to, and problematic for, the equipment leasing and finance community.
First, and perhaps most importantly, the court found that because the leases contained liquidated damages provisions, the ‘failure to mitigate’ defense was irrelevant. What’s particularly striking about this holding is that the damages provision appears to have been an industry standard lease damages provision – i.e., accrued rentals, interest, future rentals (present valued), the purchase option (in this case, fair market value), costs and attorneys’ fees. Therefore, while there is already case law that with “true leases”, failure to mitigate is not a defense, nonetheless the decision is another arrow in a lessor’s quiver for beating back such a defense (although, before citing this decision in future cases, please see below for an explanation of how the decision could harm a lessor’s position).
Second, the Judge upheld the contractual designation of the leases as Article 2A finance leases. While Article 2A defines what constitutes a “finance lease”, it can be a fact intensive endeavor to prove that your lease qualifies (read: it could prevent a quick resolution on summary judgment). Therefore, having an enforceable provision where the parties agree that the lease constitutes a finance lease, is critical. That way, protections such as the statutory “hell or high water” provision are automatically triggered without having to delve into the problematic process of trying to prove the lease qualifies under Article 2A as a finance lease.
Third, the Judge reiterated a whole bevy of great standard protections for lessors: (1) a limitation on the lessor’s liability is enforceable so long as the limitation is not unconscionable and in a commercial setting between business parties, there is a presumption of conscionableness; (2) contractual provisions waiving warranties of fitness for a particular purpose are enforceable; (3) under New York law, finance leases are excluded from leases which contain an implied warranty of merchantability; and (4) a forum selection clause can be upheld even when the lessee (or any defendant) is a small business and litigation in the selected forum would be burdensome.
That all being said, while the decision is favorable in many regards, there are a couple of significant problems with the decision which the community should take stock of as a reminder to ensure they are employing certain best practices.
First, the Court denied summary judgment in part to afford the defendants an opportunity to conduct discovery on the issue of what constituted the fair market value (FMV) of the equipment (again, upon default, the lessor was entitled to damages which included the FMV purchase option). The court denied this prong of the motion despite the fact that the lessor put forth an affidavit from an employee attesting to the FMV and submitted copies of invoices. The judge found that despite these submissions, the lessor did not adequately explain how it calculated the figure.
While this is disconcerting and the decision should therefore be cited in future cases with caution, the issue can be obviated by ensuring that any submissions on damages contain sufficient support. In this case, the lessor’s affidavit simply included a paragraph stating what they believed the FMV of the equipment to be. While we are certainly cognizant of business exigencies – especially on smaller deals – lessors should always consider attaching at the very least a desk-top appraisal, if not an actual appraisal. Moreover, an affidavit on equipment valuation should be submitted from someone who has experience and expertise valuing, remarketing and selling such equipment. With the proper support, this aspect of the decision can easily be neutralized.
Second, and perhaps more troubling, the Judge also partially denied summary judgment to allow the defendants an opportunity to conduct discovery on the issue of whether they revoked acceptance of the equipment. What’s particularly disturbing about this finding is that the general law is that revocation of acceptance must occur within a reasonable time after the lessee discovers, or should have discovered, that the goods were nonconforming and they must notify the lessor of the revocation. Here, the equipment was delivered in March 2010 and it was not removed by the lessor until August 2011 (after default). The defendants didn’t even allege the exact timing of their revocation, if they even notified the lessor in writing, or if they even discontinued use of the equipment within a reasonable amount of time.
While it’s unclear from the record if the lessor obtained a delivery and acceptance receipt (DNA), it does appear that the lessee made payments on the leases for some time before defaulting (i.e., it ratified the transactions). However, assuming payments were indeed made for some time, it also appears the lessor did not make a ratification argument. Perhaps a properly asserted ratification argument would have overcome this argument.
This last aspect is clearly a troubling finding and we caution citation of this decision in future cases for this reason alone, unless you have plenty of evidence of the FMV of the equipment and an irrefutable ratification argument. However, at the very least the decision is a solid reminder that lessors should obtain definitive proof of acceptance such as obtaining – preferably a week or two after actual delivery – a properly executed delivery and acceptance receipt, and always explore a ratification argument where a lessee conveniently makes a revocation of acceptance argument long after delivery and only upon default.
Construction/Land Development Loans
Despite the hyperbole, several states are still having real estate problems from overbuilding, such as Georgia and Florida.
The seven branches of First Community Bank of Southwest Florida, Fort Myers, Florida, also operating as Community Bank of Cape Coral, were closed with C1 Bank, Saint Petersburg, Florida, to assume all of the deposits. Established Marcy 1, 1999 there were 62 full time employees as of March 31, 2013 at their four offices in Fort Myers, three in Cape Coral, and one in Bonita Springs. Year-end 2006 they had 74 full-time employees before they acquired the three offices in Cape Cora April 25, 2009.
First Community took its first year-end lost with this merger (-$182 ,000 ) and recorded it highest non-current loans at $11.4 million. It moved completely in the wrong direction at the worst economic time of all.
Records show Community Bank of Cape Coral had equity capital of $6.6 million end of 2008 and a minus $2 million loss before extraordinary items prior to the merger with First Community Bank of Southwest Florida.
The next year it had its largest loss, 2009 , -$11.5 million with $7.9 million charge off.
The end of June, 2013, First Community Bank of Southwest Florida had the lowest capital ratios on banks seen to date:
Tier 1 risk capital Ratio was -0.0031 Tier 1 leverage ratio was -0.0025
It lost money since 2007 with heavy non-current loans, with the highest March 31, 2013 (current numbers were not available) $19.9 million, with a major loss for the half-year of 2013: $9 million.
Construction/Land Development loan charge offs reflect in the single-family new house construction building permits:
1997: 45 buildings, average cost: $93,500
(in millions, unless otherwise)
Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans.
The bank tried to turn this around, adjusting its board of directors:
Board of Directors:
*October 13, 2012 Rudolf "Rudy" Guenzel -has been named CEO and chairman of the board at First Community Bank of Southwest Florida (www.fcb-yourbank.com). With more than 45 years of banking experience, he was previously president and CEO of BancFlorida Financial Corp. in Naples and Peoples Bank of California in Los Angeles, among others. Guenzel will be responsible for First Community Bank's operations and oversee board of directors' meetings.
Involved in Imperial Credit and real estate
NY Times states: European American Bank has named Rudolf P. Guenzel and Richard W. Dalrymple executive vice presidents.
It was much too late in 2012.
As of March 31, 2013, First Community Bank of Southwest Florida had approximately $265.7 million in total assets and $254.2 million in total deposits. In addition to assuming all of the deposits of the failed bank, C1 Bank agreed to purchase essentially all of the failed bank's assets
The FDIC estimates that cost to the Deposit Insurance Fund will be $27.1 million.
Bank of Southwest Florida is the 17th FDIC-insured institution to fail in the nation this year, and the third in Florida.
List of Bank Failures:
Top Stories July 29--August 2
Here are the top stories opened by readers:
(1) Reaction to Leasing Icon Ira Romoff Passing away
Leasing News Extra Not Counted for Technical Reasons
(2) Archives---July 29, 2002
(3) Leasing 102 by Mr. Terry Winders, CLP
(4) The Problem with Accepting Late Payments
(5) Marlin Business Services Reports $4.5 MM 2nd Quarter
(6) Archives---July 29, 2002
(Tie) (7) Restaurant Chains Who Once were Famous
(Tie) (7) Sales Makes it Happen by Steve Chriest
(9) August 1, 2013 --Leasing Schemes’ Court Cases
(10) Cole Taylor Bank owner sued over sale
(11) New Hires--Promotions
(Leasing News provides this ad “gratis” as a means
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Leasing Industry Outsourcing
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Latin Puppy Magnus
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Taycor Financial is Expanding Its Sales Department
FireFly launches $99 per month Phoenix POS lease plan
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How The Exposure Draft Might Affect Fleets And Leasing Companies
The Sale of AIG's Aircraft-Leasing Unit Remains Grounded
Taco Bell Is The Worst-Paying Fast Food Company, In-N-Out Burger Is The Best
SparkPeople--Live Healthier and Longer
Eat Breakfast to Lose Weight
This poem by Robert L. Harrison depicts one of the best teams of all times. The 1927 Yankees or "Murderer's Row" were legendary and this poem pays tribute to those magnificent Yanks. In 1929, Babe was the first to hit 500 home runs.
by Robert L. Harrison ©
Published: New York Baseball Poems (1999)
Gather 'round you fans of baseball
Guided by Miller Huggins
Greedy was this awesome bunch
Gasping crowds assemble
God blessed those boys of summer
Gathering in the rosebuds
Gone were any pretenders to the throne
Murderer's Row was anchored by Babe Ruth, who hit sixty home runs and batted .356; and Lou Gehrig, who had forty-seven home runs and batted .373.
The team won one-hundred ten games and the other members included: Earle Combs, who hit .356 and led the league in hits, singles and triples; Tony Lazzeri, who hit eighteen home runs and batted .309; and Bob Meusel who hit .337.
This poem is a Baseball Almanac exclusive and appears here with expression written permission from the author
M.L.B. Suspends Rodriguez and 12 Others for Doping
Alex Rodriguez speaks out after suspension
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Fox unveils NFL broadcast teams for 2013 season
Jerry Brown's intervention to avert BART strike has decades-old precedent
US Falling behind in planting grapes; shortage ahead
Postal Service Considers Cutting Into Alcohol Shipping Business
Free Mobile Wine Program
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This Day in History
1727- The first Roman Catholic convent in America is occupied by the Ursaline nuns in New Orleans. The convent/school is still occupied today although rebuilt several times and much enlarged.
1736 -Birthday of Mary Brant, a Mohawk, had eight children with the British superintendent of Indian Affairs, Sir William Johnson. She managed his household and was his hostess for almost 25 years until his death in 1774. After Johnson's death in 1774, Brant and her children returned to her native village of Canajoharie on the Mohawk River. A Loyalist during the American Revolutionary War, she fled to British Canada, where she worked as an intermediary between British officials and the Iroquois. After the war, she settled in what is now Kingston, Ontario. In recognition of her service to the Crown, the British government gave Brant a pension and compensated her for her wartime losses.
1774- English religious leader Ann Lee (1736-1784) and a small band of followers first arrived in America. Her sect called itself the United Society of Believers in Christ's Second Coming, but to the rest of the world her followers came to be known as the "Shakers."
1787: the Constitutional Convention engaged in the “Great Debate” over the draft constitution, during which it determined that Congress should have the right to regulate foreign trade and interstate commerce, established a four-year term of office for the president and appointed a five-man committee to prepare a final draft of the Constitution.
1801- The Great Religious Revival of the American West began at a Presbyterian camp meeting in Cane Ridge, Kentucky.
1815-With the end of the Napoleonic wars in Europe, and laws about bringing “slaves” into the United States as “free labor,” immigration to the U.S. increased to new levels as work was to be had. Between 1815 and 1860, 5,000,000 persons came to the U.S. Over half of the immigrants came from the British Isles, mostly from Ireland. The next largest contingent arrived from Germany, 1,500,000, not counting German-speaking French citizens from Alsace and Lorraine. More than half the German immigrants settled in the upper Mississippi and Ohio river valleys. They brought new techniques and craftsmanship. For instance, Ohio glassware was a superior type of glassware manufactured from 1815 to 1850. The designation “Ohio” was generally applied both to the blown and molded glass produced in the Ohio River Valley region. Three of the leading manufacturers of this glassware were located in Mantua, Kent, and Zanesville, all cities of Ohio. The designation “Ohio” was also used to identify glass factories in the neighboring regions of West Virginia and western Pennsylvania.
1821- Birthday of Edward H. Plumptre, Anglican theologian. He served on the Old Testament committee for the 1881 English Revised Version of the Bible. Today, he is better remembered as author of the hymn, "Rejoice, Ye Pure in Heart."
1829-Birthday of Marie Elizabeth Zakrzewski - pioneer U.S. doctor. She graduated from a school for midwives without incident but when she was appointed chief midwife and professor, male opposition forced her resignation. On arriving in the U.S., she met Elizabeth Blackwell who helped her enter Western Reserve medical school for regular medical training. She assisted the Blackwell sisters in the New York Infirmary and ran the institution while Elizabeth was in England. She served as physician and professor at the New England Female Medical College in Boston but left because the founder saw women's position in medicine limited to midwifery. She founded the New England Hospital for Women and Children in 1862 and served in various capacities there until 1899.
In addition to her pioneering medical work, she developed lunchrooms for the working poor women and aid for poor Jews. Her New England Hospital was the first one to trained nurses and offer social services.
1862 -- CSA ironclad "Arkansas" is badly damaged in Union battle.
( actual accounts: http://www.missouridivision-scv.org/mounits/cssark.htm )
1864-The Rebels evacuate Fort Powell, Mobile Bay. attack Yesterday we wrote about the Battle of Mobile Bay, Alabama starting. It actually lasted until August 23. David G. Farragut, commanded a fleet of fourteen wooden ships and four ironclads. running through a minefield and past Confederate forts Gains, Morgan, and Powell, Farragut’s fleet defeated a Confederate flotilla, including the Confederate ironclad Tennessee, and took one of the South’s last major ports. The city of Mobile was taken in 1865.
1870- White conservatives suppressed black vote and captured the Tennessee legislature. A reform movement was afoot and states started outright restricting blacks from voting, others made poll tax and literacy tests a requirement. The Southern states voting as a block made deals for a new president in an electoral contest, by tenure gained control of committees as senator were voted by the state legislators in this century, and while the North beat the South in the Civil War, the South now controlled bills, committees, and legislation and would dominate for almost a century to follow.
1890 - Denton ‘Cy’ Young pitched his first major-league baseball game on this day. He led the Cleveland Spiders past the Chicago White Sox. Young went on to enjoy a great baseball career, winning a total of 511 games (95 more than second place Walter Johnson) ... averaging more than 23 victories over 22 seasons, playing for Cleveland, St. Louis, and Boston (where he played in the first World Series, and won). The Cy Young Award was established in 1956, when the Baseball Writer's Association of America bestowed the honor on the best pitcher in major-league baseball for that year. The award has been presented every year since. In fact, from 1967 on, two Cy Young awards have been presented annually to the best pitcher in each major league.
1905-Birthday of Clara Bow - U.S. film actor. CB was called the "'It' girl" as she portrayed the carefree flapper in early Hollywood films. She starred in more than 30 films including the classic Wings but her strong Brooklyn accent prevented her from making it in talking pictures. Her various sex scandals also lost fan support but it was her voice that ended her movie career. She won a beauty contest while still in high school that sent her to Hollywood. A good biography is J. Morella's The 'It' Girl: the Incredible Story of Clara Bow (1976).
1906-Birthday of trombone player Vic Dickenson, Xenia, OH, Died November 16,1984.
1911- Film and television pioneer and comedian Lucille Ball born at Butte, MT. In addition to her many other film and television credits, Lucille Ball always will be remembered for her role in the 1950s CBS sitcom I Love Lucy. As Lucy Riccardo, the wife of band leader Ricky Riccardo (her real-life husband, Desi Arnaz), her comedic style became a trademark of early television comedy. She was instrumental in many pioneering innovations in TV production. Desilu Productions, the company founded by Ball and Arnaz, insisted on filming in Hollywood instead of New York. This move is largely credited with creating a shift in TV production to the west coast. In addition, theirs was the first TV show to use 35mm film to increase the clarity of the final image, the first to use three cameras instead of one and the first to be filmed in front of a live audience. On Apr 1,1958, the final episode was broadcast, but I Love Lucy now is seen worldwide in syndication. Ball continued her involvement both before and behind the camera, appearing in three additional sitcoms. She became the first woman to head a major motion picture and TV studio when she purchased Arnazs share of Desilu Productions. Ball and Arnaz were divorced in 1960; she later married Gary Morton. She died Apr 26, 1989, at Los Angeles, CA.
1918-Birthday of jazz promoter/sponsor Norman Granz , Los Angeles, CA.
1918 - Unusually hot weather began to overspread the Atlantic Coast States, from the Carolinas to southern New England. The temp- erature soared to an all-time record high of 106 degrees at Washington D.C., and Cumberland and Keedysville hit 109 degrees to establish a state record for Maryland. Temperatures were above normal east of the Rockies that month, with readings much above normal in the Lower Missouri Valley. Omaha NE reached 110 degrees.
1921—Jazz flautist Buddy Collette birthday.
(“Swinging Shepard’s” is a great album ).
1925-Birthday of Bill Haley, rock 'n' roll's first teen idol, born in Highland Park, Michigan. Haley, with his group, the Saddlemen, at first played country-and-western, but in 1952 he dropped the cowboy image and changed the band's name to the Comets. Haley began recording cover versions of R'n'B hits, and in 1953, his "Crazy Man Crazy" became the first rock 'n' roll record to make the Billboard pop chart. Bill Haley and the Comets' biggest success came in 1955 when "Rock Around the Clock" rose to number one. Haley was the most popular rock 'n' roll idol until Elvis Presley came along, but by 1958 his career was basically over. He continued to work as a nostalgia act, mainly in Britain and Europe. Haley died on February 9th, 1981 in his hometown of Harlingen, Texas.
1927-Birthday of Canadian composer Dolores Claman, born in Vancouver. She and her husband, Richard Morris, became one of the country's most successful jingle-writing teams in the mid-1960's. Claman and Morris have also written several stage musicals and film scores, the theme for CBC's "Hockey Night in Canada" and the score for the film "A Place to Stand," made for the Ontario pavilion at Expo 67. The film won an Oscar.
1929-Birthday of Janice Lee York Romary - U.S. Olympic fencer (1952-1968) who in 1968 became the first woman to be the U.S. flag bearer in the opening ceremonies of the Olympics (Mexico City).
1930-Birthday of singer Abbey Lincoln, Chicago, IL.
1930- Mysterious disappearance at age 41, Joseph Force Crater, justice of the New York State Supreme Court. Never seen or heard from after disappearance on this date. Declared legally dead in 1939. “Where is Judge Crater” signs appeared everywhere in the thirties.
1932-Birthday of singer and actress Della Reese.
1937-Maxine Sullivan records “Loch Lomond,” NYC ( Voc 3169).
1945-Memorial observances in many places for victims of the first atomic bombing of a populated place, which occurred at Hiroshima, Japan in 1945,( it was August 5 in the United States ) when an American B-29 bomber, “Enola Gay,” dropped an atomic bomb over the center of the city. The pilot was Colonel Paul Warfield Tibbets, Jr. of Miami, FL., and the bombardier was Major Thomas W. Ferebee of Mocksville, NC. More than 205,000 civilians died either immediately in the explosion or subsequently of radiation. If you had been reading history in America in the preceding months, it would have given you a sense of the time and in order to save lives, the atomic bomb was dropped.
1946-Birthday of American composer Brian Holmes, Washington, DC.Brian Holmes usually composes for voice or chorus
1948 - Seventeen-year-old Bob Mathias won the decathlon competition at the Olympic Games being held in London, England.
Some Enchanted Evening - Perry Como
Again - Gordon Jenkins
Riders in the Sky - Vaughn Monroe
I’m Throwing Rice (At the Girl that I Love) - Eddy Arnold
1950---THOMPSON, WILLIAM. Mendal of Honor
Rank and organization: Private First Class, U.S. Army, 24th Company M, 24th Infantry Regiment, 25th Infantry Division. Place and date: Near Haman, Korea, 6 August 1950. Entered service at: Bronx, N.Y. Birth: New York, N.Y. G.O. No.: 63, 2 August 1951. Citation: Pfc. Thompson, distinguished himself by conspicuous gallantry and intrepidity above and beyond the call of duty in action against the enemy. While his platoon was reorganizing under cover of darkness, fanatical enemy forces in overwhelming strength launched a surprise attack on the unit. Pfc. Thompson set up his machine gun in the path of the onslaught and swept the enemy with withering fire, pinning them down momentarily thus permitting the remainder of his platoon to withdraw to a more tenable position. Although hit repeatedly by grenade fragments and small-arms fire, he resisted all efforts of his comrades to induce him to withdraw, steadfastly remained at his machine gun and continued to deliver deadly, accurate fire until mortally wounded by an enemy grenade. Pfc. Thompson's dauntless courage and gallant self-sacrifice reflect the highest credit on himself and uphold the esteemed traditions of military service.
1952-- At the age of 46, Satchel Paige becomes the oldest pitcher major league history to hurl a complete-game shutout as he beats the Tigers in 12 innings, 1-0. This record will last until Phil Nieikro blanks the Blue Jays, 8-0 to wins his 300th career victory in 1985.
1955- "Baby, Let's Play House" became Elvis Presley's first national chart single, reaching number 10 on Billboard's country chart.
1956-Birthday of soprano sax player Kenny G, whose full name is Kenny Gorelick.
1956-- The Alan Freed movie Rock! Rock! Rock! goes into production, featuring Tuesday Weld (her singing vocals dubbed by Connie Francis), Chuck Berry, Frankie Lymon & the Teenagers, The Moonglows, The Flamingos, and LaVern Baker.
Love Letters in the Sand - Pat Boone
Tammy - Debbie Reynolds
Diana - Paul Anka
(Let Me Be Your) Teddy Bear - Elvis Presley
1957- 16 year-old John Lennon and his group the Quarrymen recorded "Baby Let's Play House" and "Puttin' on the Style" at a church social in Liverpool. The recording, made on the day Lennon met 14 year-old Paul McCartney, sold at a London auction in September 1994 for the equivalent of $156,000 Canadian.
1959 - A bucket survey showed that thunderstorms dropped 16.70 inches of rain on parts of Decatur County IA. The total was accepted as Iowa's 24 hour rainfall record.
1960-Chubby Checker performs "The Twist" on American TV for the first time on "American Bandstand.
1962--Frank Ifield topped the UK charts for the first of seven straight weeks with "I Remember You". The record would become the second highest-selling single of the year in Britain and a #5 hit in the US.
1963- the New York Mets hired several rock 'n' roll acts, including Chubby Checker and Dee Dee Sharp, to perform before a game with the Pittsburgh Pirates.
1965-The Voting Rights Act of 1965 signed into law by President Lyndon Johnson, designed to thwart attempts to discriminate against minorities at the polls. The act suspended literacy and other disqualifying tests, authorized appointment of federal voting examiners and provided for judicial relief on the federal level to bar discriminatory poll taxes. Congress voted to extend the Act in 1975, 1984, and 1991.
1965- Marty Balin and Paul Kantner formed a folk-rock group that evolved into the Jefferson Airplane, the premier San Francisco psychedelic band of the late '60s. The Airplane made its debut the following month at a Haight-Ashbury club, and was signed to RCA later in the year. "The Jefferson Airplane Takes Off," their first album, was awarded a gold record in 1966.
(I Can’t Get No) Satisfaction - The Rolling Stones
I’m Henry VIII, I Am - Herman’s Hermits
What’s New Pussycat? - Tom Jones
The First Thing Ev’ry Morning (And the Last Thing Ev’ry Night) - Jimmy Dean
1967 - Dean Chance of the Minnesota Twins pitched five innings of perfect baseball, leading his team to victory over the Boston Red Sox. Chance was only the third player to pitch a shortened, perfect game.
1971 - The last remaining troops of the Fourth Battalion, 503rd Infantry of the 173rd Airborne Brigade, (the first U.S. Army ground combat unit to arrive in Vietnam in May 1965), cease combat operations and begin preparations to leave Vietnam. The first U.S. ground combat unit of any branch to reach Vietnam was the Third Marine Regiment, Third Marine Division, which began arriving on March 8, 1965. The initial U.S. combat forces were followed by a vast array of combat, combat support, and logistics units that together with U.S. Navy and Air Force personnel in-country reached a peak of 543,400 in April 1969. In June 1969, President Richard Nixon gave the order, as part of his "Vietnamization" policy, which began the process of reducing American troop strength; the troop withdrawals began the following fall and continued until the Paris Peace Accords were signed in January 1973.
1972 -Hitting his 660th and 661st career homers, Hank Aaron breaks Yankee legend Babe Ruth's record for most home runs with one team. Hammerin' Hank's' second homer of the day is a 10th inning blast which enables the Braves to beat the Reds, 4-3
1973- Roberto Clemente becomes the first Latin-born player to be inducted into the Hall of Fame.
The Morning After - Maureen McGovern
Live and Let Die - Wings
Diamond Girl - Seals & Crofts
Lord, Mr. Ford - Jerry Reed
1973 - No. 1 Billboard Pop Hit: ``The Morning After,'' Maureen McGovern. The song is the theme to the film ``The Poseidon Adventure.''
1979- The Cars don't pay attention to the sophomore jinx predictions and go two-for-two: "Candy-O" is their second straight album to go platinum.
1980-Birthday of American composer Matthew Logan, born Jacksonville,
1981 - Golfing legend Lee Trevino was disqualified from the PGA Championship in Duluth, GA when the ‘Super Mex’ had his scorecard signed by Tom Weiskopf instead of himself.
1981-After a seven-week strike that cut the heart out of the regular baseball season, major league players approved a plan for a split season with the post-strike games to constitute the second half. The New York Yankees, Oakland Athletics, Philadelphia Phillies and Los Angeles Dodgers were declared first-half champions, automatically qualify for special divisional playoffs.
1981- Stevie Nicks' "Bella Donna" LP is released
Jessie’s Girl - Rick Springfield
Theme from "Greatest American Hero" (Believe It or Not) - Joey Scarbury
I Don’t Need You - Kenny Rogers
Dixie on My Mind - Hank Williams, Jr.
1984- The Jacksons' "Victory" tour opened in Kansas City. The eight-story stage, designed by brother Michael, obscured the view from one-fourth of Arrowhead Stadium's 60,000 seats. Despite complaints about the $30 ticket prices, "Victory" proved to be the then-largest concert tour ever. The Jacksons played 55 dates in 23 cities, selling about 2.3 million tickets. Each brother raked in about $5 million . The promoter, Chuck Sullivan, lost $20 million because he agreed to pay all costs of the lavish production.
1984- The Cars release their video for "Drive." Actor Timothy Hutton directed it. 1984 - No. 1 Billboard Pop Hit: ``Ghostbusters,'' Ray Parker Jr. Huey Lewis sues Parker, saying the Academy Award-nominated song sounds too much like his ``I Want a New Drug.''
1986 - Timothy Dalton became the fourth actor to be named “Bond ... James Bond.” Dalton, 38, and his studio, United Artists, ended months of speculation as to who would star as Agent 007 in the 15th James Bond film. The character of Bond was created by writer Ian Fleming. Other stars to play the role of the suave, debonair and deadly double agent include: Roger Moore, Sean Connery and George Lazenby, with Pierce Brosnan as the James Bond for the 1990s.
1988 -Cub reliever Goose Gossage becomes the second player in major league history to record 300 career saves as he retires one batter in a 7-4 victory over the Phillies.
1988- Jose Canseco became the 11th player in major league history to hit 30 homers and steal 30 bases in a
season. The A's outfielder, with 31 homers, joins the 30-30 club stealing second base with one out in the ninth inning for his 30th as Oakland beat the Mariners, 5-4.
1988 - Severe thunderstorms produced large hail and damaging winds in Pennsylvania and New York State. A cold front crossing the northwestern U.S. produced wind gusts to 66 mph at Livingston MT.
1989 -Boston Red Sox retire Carl Yastrezemski's #8.
Batdance - Prince
On Our Own - Bobby Brown
So Alive - Love & Rockets
Why’d You Come in Here Lookin’ like That - Dolly Parton
1994 --Laura Geller, the fourth woman rabbi in the United States, became the first woman SENIOR rabbi at a major metropolitan Jewish congregation, Temple Emanuel in Beverly Hills, California that has more than 1,000 members. She estimated that about 300 women serve as assistant or associate rabbis, even senior rabbis in smaller congregations in the U.S. There have been "issues of gender at every step of my career," Rabbi Gallerias," and some people, even within this congregation, still find it an issue." But, she adds, I'm grateful that I came to this position as a middle-aged woman... I'm fully clear that it’s their problem, not mine. When they say, 'I like you very much, but I'm just not comfortable with a woman rabbi,' they're telling me something about themselves, not about me." Sally J. Pries and, ordained in 1972, was the first woman rabbi in the United States, at the Monmouth County Reform Temple in New Jersey. Regina Jonas was the first woman rabbi in the world, ordained in 1935.
1996- Daniel Goldin, administrator of the National Aeronautics and Space Administration announced scientific evidence that there was life on Mars. The discovery was made by Dr. Roberta Score and a team of American scientists. Using electron microscopes, they examined a 4.5 billion year old Martian meteorite that struck Antarctica 13,000 years ago and found fossils of what appeared to be a “primitive form of microscopic life.”
1996- The soundtrack to the film "She's The One," starring Edward Burns and Jennifer Aniston, is released. The album is record by Tom Petty and the Heartbreakers and features the single, "Walls
1999 - "The Sixth Sense" opened with Bruce Willis starring as a child psychologist and Haley Joel Osment, who plays an 8-year-old who is visited by ghosts. As of July 24, 2001, it had rung up $293,501,675 at the box office.
I didn’t realize Willis was a ghost. When you see it a second time, it gives a different perspective to the movie.
2001- The Hall of Fame Veterans Committee comprised of five former players, five media members and five former executives, which was established in 1953, is to be replaced by a 90-member group made up of the members of the Hall of Fame (61), the recipients of the J.G. Taylor Spink award for writers (13), the Ford C. Frick award for broadcasters (13) and current Veterans Committee members (3). The new committee will be able elect players only once every two years and executives, umpires and managers only once every four years.
2002 -- Protecting the Giants' 11-10 lead over the Cubs, 32-year old reliever Robb Nen becomes the 16th and youngest closer to record the 300th save of his career.
2010-- In a 15-minute pre-game ceremony delayed by rain at Turner Field, the Braves retire Tom Glavine's uniform number 47. The southpaw, who won 244 of his 305 career victories with the organization, including five seasons with 20 or more wins, was inducted into the team's Hall of Fame earlier in the day at a luncheon.
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