Headlines--- Classified
Ads---Senior Management/Sales Managers It'sssssssssssssss:-)SilverMark
Capital ! ! ! Kruse-Brady-Monlux
Go MainStreet Finance
Pictures from the Past---2002---Rick
Wilbur/Jim Buckles Housing Starts Highest
Level 17 Years/ Economic Forecast Sunrise Int. Net Income
Up 39 Percent Year-to-Date Sobig virus spreads quickly
by e-mail, clogging inboxes FleetBoston Financial
Declares Regular Dividends Amex Cheers a
Strong First Half of Year News Briefs--- This Border ##### Denotes Press Release (Not Written By Leasing
News) ------------------------------------------------------------------------------------------
Classified
Ads---Senior Management/Sales Managers 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: 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: San Francisco, CA., 25 years experience
w/global leasing company, sales, marketing, business dev., P&L responsibility,
asset mgmt, brokering and remarketing. Interested in joining an est. firm
with a future. email:rcsteyer@yahoo.com Senior Management: Portfolio Management Consultant; 25+years
experience in Collections, Customer Satisfaction, Asset Management, Recoveries,
Continuous Process Improvement, Backend Revenue Generation, Cost per Collection
Analysis. $5+Billion Portfolio expertise. email: efgefg@rogers.com Sales Manager: Atlanta, GA 30 years in transportation Finance with strong management/
sales background. Represented company on national & region markets.
Started two successful operations- produce profits and growth. Email:pml@mindspring.com Sales Manager: New York, NY I have over 25 years owning an independent leasing company
that specialized in truck leasing. Tow trucks, Limos, ambulances, tractors,
etc.. Email:rfleisher@rsrcapital.com Sales Manager: Portland, OR. 18+ yrs w/bank leasing company.
Supervised 14- 20 sales people. Willing to relocate for the proper position.
Or, seeking sales position in current location (13+yrs direct sales).
email:pthygeson@netscape.net Sales Manager: Seattle, WA Senior level sales professional w/ (20) plus experience in
mid market financing & leasing. The last (8) plus years being self
employed in middle market brokerage. Email:markhenley@qwest.net Job Wanted Ads here: http://65.209.205.32/LeasingNews/JobPostings.htm Look for advancement
or a job in the leasing industry, free ad: http://65.209.205.32/LeasingNews/PostingForm.asp (We help people
find work, start networking, keeping your “name” active) --------------------------------------------------------------------------------------
It’s Official---It is Not “Van Etten Leasing” It’sssssssssssssss
: -) SilverMark Capital ! ! ! Otherwise Leasing News named it right a month in advance,
including Sterling Bank and the major players. Here is the official press release: ### Press Release ########################################### Sterling Bank Recruits Executives
to Launch New Equipment Leasing Division
HOUSTON—Sterling Bank, a subsidiary of Sterling Bancshares,
Inc. (NASDAQ: SBIB), announced
today the hiring of four leading professionals in the field of business
equipment leasing. These experienced
professionals represent the bank’s initial staff in the leasing and equipment-financing
division it is developing. This new division of the bank will be called SilverMark Capital™
and will provide equipment-leasing services to bank customers and to select
national vendor relationships. “Offering an in-house business equipment leasing program
is a logical step in providing full-service banking to our customers,”
commented Sterling Bank President and Chief Executive Officer J. Downey
Bridgwater. “Our philosophy is
that to be the best, you get the best people.
That’s why we’re proud to bring aboard these four professionals. In our opinion they represent the industry’s
best in the field of commercial leasing services.” The four leasing professionals are Frederick M. Van Etten,
Richard S. Andersen, Daniel L. Fritz, and Hernan R. Traversone.
Ric Andersen, senior vice president and chief
operating officer of the leasing division, was director of vendor services
and capital markets for American Express Business Finance, Inc., and directed
portfolio acquisition and syndication there.
He began his banking career while completing a BA in economics
and finance at the University of Colorado at Boulder, where he became
president and CEO of the student credit union.
He has over 15 years’ experience in finance and commercial leasing.
Earlier this year, Sterling Bank was named to FORTUNE Magazine’s
2003 List of the 100 Best Places to Work in America. With assets of $3.4 billion, it operates 35
banking offices in the greater metro areas of Dallas, Houston and San
Antonio. Sterling Bank is a subsidiary
of Sterling Bancshares, Inc., whose common stock is traded through the
Nasdaq National Market System under the symbol SBIB. For more information,
please visit the company's web site at www.banksterling.com. #### Press Release ################################################ He’s not with SilverMark.
Is he in Houston or Costa Rico? ----------------------------------------------------------------------------------------------- Pictures from the Past---1995--- McCommon, Malone,
Monlux, Lowe, Wehner, Dislip, Kruse “Left to right—Jim McCommon, LaVergne Malone, Cliff Monlux,
Loretta Lowe, Skip Wehner, Alan Dishlip, and John Kruse packing heat at
Wings Over the Rockies (Denver, Colorado United Association of Equipment
Leasing Conference) June,1995, Regional Report, United Association of Equipment
Leasing ----------------------------------------------------------------------------------------------- Kruse-Brady-Monlux Go MainStreet Finance “Thanks so much for your recent posting of the MainStreet
Finance Press Release,” John Kruse said in his e-mail.” We have been buried
with calls and interest pertaining to the different products that we are
starting to offer to the leasing market. John Kruse Kruse is Vice President of Business Finance and Managing
Partner with MainStreet. He is very well-known in the leasing industry,
contributing both time and support to several leasing associations. He
presently serves on the board of directors of the United Association
of Equipment Leasing “There is definitely a strong interest in other forms of
finance products that these companies can market back to their existing customers
and prospects, “ he explains about his new company. ” There is
also an even stronger, obvious, interest in adding more profit to the
bottom line without adding any additional overhead. “The Company will be delivering their services through marketing
and service relationships with independent CPA firms, small banks, equipment
finance companies and manufacturers who focus on service to small business
owners. MainStreet is the brainchild of Jim Brady, Cliff Monlux and
Kruse, who together represent over 40 years of experience working in the
specialty finance market. MainStreet is exceptional in offering access
to several forms of financing from a number of different lenders across
the US through one highly efficient central service point. The idea is to help equipment leasing finance companies leverage
their marketing investment for more revenue and stronger client relationships,
introducing other products and acting as intermediaries for additional fee
benefit plus service to their customers. "Companies that
currently offer only equipment leasing and loans can now offer other forms
of financing to their lessee customers with minimum additional cost and
significant upside revenue potential,"
Kruse explains. With their
contacts, information, experience, MainStreet can increase yields, fees,
and help maintain their customer base by offering more financial services..
“l am very fortunate to be working with Jim Brady
and Cliff Monlux again,” Kruse
says.” It's refreshing to work alongside partners who you can trust and who's interest lies in creating quality
products that offer true value to the customer. Much like the early days of System 1.” System 1 was the software product and company name which
started in 1995, which took both the broker and small to medium lessor/discount
marketplace by storm. It was first
introduced for a nominal dollar amount at leasing conferences, then part
of a package for joining leasing associations, with the two fold process
of getting the first version out and working, and tying companies into
a yearly contract for maintenance plus upgrades. As the company developed
more “sophisticated programs, the company name changed in 1999 to CapitalStream.
The System 1 Software name changed to 'Advantage', as it is today.
The company was spun off to Jim Buckles, who manages it today.
Cliff Monlux and John Kruse started System 1 with Jim McCommon’s
company Beta number one (see the 1995 Picture from past above this
story). Kruse met Jim Brady when
he was at MetLife Capital where he purchased our System 1 product. After GE purchased and subsequently closed
MetLife Capital. Brady became vice-president of Marketing at CapitalStream.
Jim was at CapitalStream for approximately 2.5 years. Jim Brady "MainStreet is all about finding credit for small business,"
said Jim Brady, Senior Managing Partner of MainStreet Finance. "We
work with our service partners, namely CPAs, banks and other channels
to define the credit needs of their clients and help them quickly find
and qualify for appropriate financing at competitive rates" added
Brady. MainStreet offers their channel partners the benefit of personal
advice and assistance in serving their clients as well as convenient online
access to information, qualification tools and application forms. "MainStreet represents an innovative approach to the
challenge of small business credit in a number of ways" said Cliff
Monlux, co-Senior Managing Partner of MainStreet. "Foremost is the
idea of using professional channels for more efficient access to the small
business client" added Monlux. Cliff
Monlus More about the management of this company, with telephone
numbers and other information is available at: http://www.mainstreetfinance.com/managementteam.php Jim Brady, Senior Managing Partner, can be reached at (866)889-6886 Ext. 230 John Kruse jfk@mainstreetfinance.com (425) 889-6886, ext. 224 Pictures
from the Past---2002---Rick Wilbur/Jim Buckles The famous Rick Wilbur of MediCap-lessor/discounter/superbroker/broker/ bon vivant with System 1/Software Expert Jim Buckles. “The handsome young man in the middle is my son Carey who
is also my partner. I have no idea what we were doing there because I'm
old forgetful. Carey on the other hand was probably trying to learn more
about the capabilities of Capital Stream. “I think the industry is beginning to catch it's collective
breath and business is getting much stronger. Our volume is increasing
and the quality of credit appears to be getting better. Rick -- From Jim Buckles-- “The picture was taken at the NAELB Regional Conference in
Marina Del Rey last November. I was discussing the latest features of Advantage
version 2.0 (the successor to the System 1 software program) with
Rick & Carey Wilbur. This version will be available Q2 of this year and
I will be showing a "sneak peak" in Chicago for the NAELB
National Convention 3/19 - 23. A free training session on 2.0 and a general discussion
of Advantage and alaQuote will be available to convention attendees on
Thursday 3/19 from 1pm - 5pm. “Since leaving CapitalStream 2 years ago and forming Preferred
Broker Solutions, I have been very fortunate to bring aboard two
previous System 1 people. "Technical Guru", Trevor Thompson and "Developer
Extraordinaire" Tom Wynne. Both people have been a terrific asset to our
company and have allowed us to grow rather rapidly, keeping up with the constant
demand of offering superior software and the best possible customer
support available to the Leasing Community. “We are experiencing a very steady growth with our Advantage
customer base as well as subscribers to our alaQuote program. alaQuote is
our web based quoting tool that furnishes a private label Lease Calculator,
Custom Quote Letter, Credit Application and Credit Release form which
feeds application data into Advantage. This program is extremely easy to use
and furnishes a professional web presence to any Leasing Professional's web
site as well as a private label offering to their vendors. “The industry is definitely in a regroup and reorganize phase
at the moment. This is nothing new, we just haven't experienced this, at
this depth, in a long time. The upswing is inevitable. This is a great time
to review how we are all doing business, trim the fat, increase efficiencies,
target new markets and get moving. There is no doubt that some companies
are still doing deals, while others are just waiting for something
to happen. These times, you have to make it happen! Jim Buckles jimb@pbs4u.com -------------------------------------------------------------------------------------------- Housing
Starts Highest Level 17 Years/ Economic Forecast
“We need a significant increase
in business investment to support stronger job creation before the economy
can sustain trend growth. That
will be a challenge with the current trends in job outsourcing (globalization
impact) now spreading to white collar and professional jobs. Additionally, productivity increases , made possible by the significant
business investments made in the latter part of the 1990’s, are still
paying off, thus allowing businesses to produce more with fewer employees.
“ Here is the full report: July starts were expected to pull back some as interest
rates (30 year fixed as reported by Freddie Mac) reached 6.24 per cent,
up a full percentage point from the 5.21 percent that prevailed in June.
Starts were up 1.5 % to 1.872 million (SAAR) while single family
(SF) was up a strong 1.9% to a very respectable 1.521 million (SAAR).
The more volatile multi family (MF) sector fell a modest 0.6% to
.351 million (SAAR). Permits,
an indicator of future activity, were off 2.4% to 1.78 million (SAAR). Regionally, starts were up in all areas g except the West which
fell almost 14%.
Analysis and outlook: Housing starts reached their highest level
in 17 years as residential construction activity was not affected by the
recent rise in mortgage rates. Mortgage
rates have been moving up in recent weeks, driven by significant gains
in 10 year Treasury yields, which are rising because the bond market believes
the U.S. economic recovery is gaining strength.
As pointed out to me by a friend
and fellow Forest Service colleague (Dr.Henry Spelter), housing is “the Arnold Schwarzenegger
of the economy”. It remains one of the few bright spots in an
otherwise lethargic economy. The
main concern going forward is whether housing will remain healthy enough
to provide the rest of the economy needed support in its quest to return
to trend growth (non inflationary rate of growth) of about 3% or more. We need a significant increase in business
investment to support stronger job creation before the economy can sustain
trend growth. That will be a
challenge with the current trends in job outsourcing (globalization impact)
now spreading to white collar and professional jobs.
Additionally, productivity increases , made possible by the significant
business investments made in the latter part of the 1990’s, are still
paying off, thus allowing businesses to produce more with fewer employees.
As we mentioned in last months’
housing report, current construction activity is running about 100,000
units per year above demographically supported “sustainable demand”. The
bottom line is that housing can’t continue at the current pace, and eventually
starts will trend down toward more sustainable levels.
That may not happen for awhile longer, but sooner or later, it
will. As the economy improves,
interest rates will continue to trend upward, and this will negatively
impact affordability, and nudge housing closer to trend levels.
sent by: Carl Villella, CLP Acceptance Leasing and Financing Service, Inc. 1004 Sanlin Dr. Moon Township, Pa. 15108 412-262-3225 Phone 800-586-0048 Fax CVillella@msn.com --------------------------------------------------------------------------------------------- #### Press Release ############################################### Sunrise Int. Net Income Up 39 Percent Year-to-Date
GOLDEN VALLEY, Minn., --
Sunrise International Leasing Corporation (SILC), a wholly owned subsidiary
of privately held King Capital Corp., today announced financial results
for the second quarter ended June 30, 2003. For the quarter, SILC reported revenues of $13.9 million,
compared to $31.7 million for the comparable 2002 period. Second-quarter net income increased 9 percent
to $3.7 million from $3.4 million for the prior-year period. For the six months ended June 30, 2003, SILC reported revenues
of $34.4 million, compared to $67.6 for the comparable 2002 period.
Net income increased to $8.5 million for the six-month period,
up 39 percent from $6.1 million in 2002. Although revenues are down significantly in the current year
due to adverse economic conditions and a worldwide decrease in capital
spending, SILC continues to record strong net income primarily as a result
of a high level of lease renewals, improved margins on the sale of used
equipment and reduced expenses. Also,
SILC's credit loss experience has consistently improved over the last
several quarters, having a positive impact on provisions for losses. The company remains debt free on its portfolio of nearly
$100 million in gross earning equipment.
SILC has experienced substantial levels of free cash flow, allowing
the company to aggregate a portfolio of over $60 million in cash and investments.
SILC is strategically managing this portfolio to ensure that it
provides adequate yields and remains liquid enough for the company to
capitalize on its new business ventures, which include a newly formed
second placement division that actively solicits established, third-party
lessors and captive leasing companies to refer lease transactions and
lease lines of credit with companies that have limited credit options. Outlook Consistent with the prior quarter, SILC experienced a modest
increase in lease originations and expects this trend to further accelerate
into the next quarter and to improve substantially in 2004 due to the
implementation of major vendor programs that are currently being negotiated.
However, the company reiterated that it expects 2003 full-year
revenues to be substantially lower than the $117.4 million recognized
in the previous year. SILC is actively searching for business partners that can
benefit from the company's unique, highly successful vendor program business
model, its customized information systems and unmatched servicing capabilities. About Sunrise International Leasing Corporation SILC's business consists primarily of developing and implementing
customized lease and rental programs for vendors of high technology and
related equipment and is becoming a major financing source for second
placements. SILC also is a national
major reseller of high-quality, off-lease used Sun and Cisco equipment
through Redirect Tech, its remarketing subsidiary. About King Capital Corp. King Capital Corp., established in 1975 and based in Golden
Valley, Minn., offers a wide range of leasing options to manufacturers,
distributors and resellers through its primary subsidiary, SILC, as well
as high-availability software through H.A. Technical Solutions, LLC. #### Press Release #################################################### ------------------------------------------------------------------------------------------
Please
send to a colleague as we are trying to build our readership.
Two
Version: Free ( text format) $59.95
yr ( html/website) Free 30 Day Trial
http://www.leasingnews.org/contact_us_news.htm This text edition is also available in an "up-grade"
format, html, where you may click on the headlines to go to the story, plus is also in
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Sobig virus spreads quickly by e-mail, clogging inboxes We have received at Leasing News over a dozen “Sobig” on Tuesday. Our PC-cillin blocked it, but for one day,
would rate it high, and spreading. We
rate worm Klenz the most active, as we get a half dozen a day. Here is how PC-Cillin ranks them: http://www.leasingnews.org/virus.htm About Sobig--- http://www.stltoday.com/stltoday/business/stories.nsf/Business/DDF432AB325DA8F186256D880012F #### Press Release############################################### Mark Lane New CEO at Synovus ALBANY, Ga.----Synovus (NYSE:SNV), the parent company of
Security Bank and Trust Company, has announced the naming of Mark James
Lane as the bank's new Chief Executive Officer. "This is a great day for Security Bank and Trust and
the entire Synovus family," said Walter M. "Sonny" Deriso,
Jr., Synovus Vice Chairman. "Mark is committed to the success of
our company through team member development, shareholder value and customer
loyalty. His passion to this company is contagious, and we will benefit
from his guidance as Security Bank and Trust's Chief Executive Officer." Mark is a graduate of Florida State University with a degree
in Finance. During his career with Columbus Bank and Trust Company from
1989 - 1999, he held various positions in branch management, credit analysis
and commercial lending. In 1999, Mark was named President and CEO of Quincy
State Bank, also a Synovus affiliate bank located in Quincy, Florida. Mark has been active in the Quincy, Florida community as
President of the Chamber Foundation and Director of the local Chamber
of Commerce. He is a member of the Quincy Chapter Rotary Club and the
Florida Banker's Association. Synovus (NYSE:SNV) is a diversified financial services holding
company with more than $21 billion in assets based in Columbus, Ga. Synovus
provides integrated financial services including banking, financial management,
insurance, mortgage and leasing services through 40 affiliate banks and
other Synovus offices in Georgia, Alabama, South Carolina, Florida and
Tennessee; and electronic payment processing through an 81-percent stake
in TSYS (NYSE:TSS), the world's largest third-party processor of international
payments. Synovus is No. 9 on FORTUNE magazine's list of "The 100
Best Companies To Work For" in 2003. See Synovus on the Web at www.synovus.com. CONTACT: Synovus, Columbus Media Relations Aimee Davis, 706-644-0528 ### Press Release ######################################################## FleetBoston Financial Declares Regular Dividends on Common
Stock and Series VI and Series VII Preferred Stock BOSTON---The Board of Directors of FleetBoston Financial
today declared a regular quarterly dividend of $.35 per share on its common stock. The dividend will be
payable on October 1, 2003 to shareholders of record on September 3, 2003. The Board of Directors also declared a regular quarterly
dividend of $.84375 per depositary share on the corporation's Series VI
6.75% Perpetual Preferred Stock (FBF PrG). The preferred stock dividend
for this issue will be payable on October 15, 2003 to shareholders of
record on October 1, 2003. In addition, the Board of Directors declared a regular quarterly
dividend of $.825 per depository share on the corporation's Series VII
Fixed/Adjustable Rate Noncumulative Preferred Stock. The preferred stock
dividend for this issue will be payable on October 1, 2003 to shareholders
of record on September 15, 2003. FleetBoston Financial is the seventh-largest financial holding
company in the United States, with assets of $197 billion. The company's
principal businesses, Personal Financial Services and Commercial Financial
Services, offer a comprehensive array of innovative financial solutions
to 20 million customers. Through its Personal Financial Services franchise,
Fleet offers retail banking, wealth management and investment services,
nationwide brokerage, credit card and consumer lending services. These
services are available through approximately 1,500 branches and more than
3,400 ATMs in the Northeast; through Fleet HomeLink(SM) online banking,
one of the nation's leading online banking platforms; and through telephone
banking. Fleet is the leading small business services and commercial banking
provider in the Northeast. Fleet's Commercial Financial Services Division
provides commercial lending, syndications, capital raising and advisory,
leasing, cash management, asset-based finance, foreign exchange and interest
rate derivatives to clients. FleetBoston Financial is headquartered in
Boston and listed on the New York Stock Exchange (NYSE:FBF) and the Boston
Stock Exchange (BSE: FBF). CONTACT: Media Contact : FleetBoston Financial James E. Mahoney, 617/434-9552 or Investor Contact : FleetBoston Financial John A. Kahwaty, 617/434-3650 #### Press Release #######################################################
------------------------------------------------------------------------------------------ Amex Cheers a Strong First Half of
Year U-S Banker Weekly Bulletin The American Stock Exchange had a busy and productive first
half of the year, when the Amex Composite Index rose 18 percent during
this period, outperforming nearly every exchange index composite. During the first half,
the firm also launched eight closed-end funds, valued at more than $4
billion, and 31 new companies. Daily volume of Amex-listed stocks rose 16 percent over the
same period in 2002. Officials underscored that a previously announced
deal is on track with GTCR Golder Rauner, a private equity firm, to acquire Amex from
the NASD. The $110 million deal is expected to close by the end of the
year. HP's 3Q Earnings Miss Expectations http://www.washingtonpost.com/wp-dyn/articles/A17308-2003Aug19.html http://www.nytimes.com/2003/08/20/technology/20HEWL.html http://www.bayarea.com/mld/mercurynews/business/6570652.htm Apple rolls out 64-bit Power Mac
G5 computers Faster microprocessors mark breakthrough
for desktop users Budget deficit hits $54.2 billion
in July http://www.signonsandiego.com/news/business/20030819-1453-federaldeficit.html
AirTran is going to San Francisco http://ads.specificpop.com/code?pid=303&gid=17&rid=145481734&dom=20&dow=3&hod=0 Job on the Line, Davis Promises to Fight Recall http://www.nytimes.com/2003/08/20/national/20RECA.html?hp Davis attacks recall as Republican power grab http://www.signonsandiego.com/news/politics/recall/20030819-1904-ca-davisrecall.html Text of Gov. Gray Davis' speech at UCLA http://www.bayarea.com/mld/mercurynews/news/local/states/california/northern Arnold Takes to the Airwaves with 60 Second Commercial http://www.nytimes.com/2003/08/20/national/20SBOX.html Schwarzenegger ad slick, short
on specifics http://www.bayarea.com/mld/mercurynews/6572507.htm Bustamante's budget relies on old ideas, big changes in state
law http://www.bayarea.com/mld/mercurynews/news/local/states/california/northern_ 1619- The first
Black slaves brought by the Dutch to the colony of Jamestown. The colonists
desperately needed workers for the tobacco crop. Europe was becoming “addicted “ to snuff and smoking tobacco in
a pipe, inhaling. The Indians had introduced the colonies to tobacco,
who were learning to grow and dry it. Europe was “mad” for the smoke and
snuff for gentlemen. John Rolfe writes in his diary, “About the last
of August came in a dutch man of warre that sold us twenty negars” http://www.tobacco.org/History/Jamestown.html#aaBlacks http://www.nps.gov/colo/Jthanout/AFRICANS.html 1704- the first
underground sewer in Boston was constructed by Francis Thrasher, at his
own expense. The move led to municipal regulations governing disposal
of refuse and garbage. By 1710, the selectmen of Boston were giving licenses
to private citizens for digging up streets for sewer construction. Now you may not think this is a big deal, but
think how waste was removed in this time, most often just thrown raw into
the streets. 1785- Oliver Hazard
Perry, American naval hero, born at South Kingston, RI. Best remembered is his announcement of victory at the Battle of Lake Erie, September
10, 1824: “We have met the enemy, and they are ours.” http://www.publicbookshelf.com/public_html/The_Great_Republic_By_the_Master_Historians_ 1794
Major General “Mad” Anthony Wayne routs Indians at Fallen Timbers, Ohio http://www.heidelberg.edu/FallenTimbers/FTCommemorate.html 1813-African-American
Richard Allen chairs the first National Negro Convention in Philadelphia. 1833- Benjamin
Harrison, the 23rd president of the US, born at North Bend,
Ohio. He was the grandson of William
Henry Harrison, 9th president of the US. His term of office 1889-1893, was preceded and followed by the presidential
terms of Grover Cleveland ( who became the 22nd and 24th president
). 1845-Wilberforce
University established in Ohio, 1856 1866- the newly
organized National Labor Union called on Congress to mandate an eight-hour
workday. http://memory.loc.gov/ammem/today/aug20.html 1867-Anson Mills, brevet lieutenant colonel
in the Army, Fort Bridger, UT, was granted a patent for a new cartridge
belt. Moisture had previously
affected cartridge belts. Mills
invented a woven cartridge belt, and the machinery for making it, which
was adopted by both the army and Navy. 1905 –Jazz Trombonist/singer
Jack Teagarden Birthday http://www.redhotjazz.com/tea.html http://teagardenonline.com/bio01.htm 1911- “This message
sent around the world,” sent at 7pm from the New York Times and received back at 7:16:30pm, traveling over 28,613 miles
via 16 relay stations to become the first telegraph message sent around the world.
It was the front page headline and quite an event for its era. 1912-After the
Japanese beetle invaded the East Coast and other diseases were affecting
agriculture, Congress passed a quarantine law for plants, directed against
dangerous plant diseases and injurious insect pests “ new to or not theretofore
widely prevalent or distributed within and through the United States.” Plants that could transmit white-pin, blister
rust or potato wart, and plants that might harbor the Mediterranean fruit
fly, were immediately affected. Other
species before the turn of the century had been affected, such as the “mighty American chestnut
oak” that dominated the Northeast was basically extinct by this date.
http://ncnatural.com/NCNatural/trees/chestnut.html 1920- the first
radio station to be licensed was 8MK, owned by the Detroit News, which
began later instituted daily service with the program, “ Tonight’s Dinner.”
The call letters were changed later to WWJ. 1924-Birthday
of Jim Reeves, country music start, born at Galloway, Panola County, TX,
and died at Nashville,TN, July 31,1964, when the single-engine plane in
which he was traveling crashed in a dense fog. Reeve’s biggest hit was
“He’ll Have to Go.” (1959) and he was inducted into he Country Music Hall
of Fame in 1967. 1926-Birthday
of trombonist Frank Rosolino, Detroit, MI. http://www.jazzcanadiana.on.ca/_ROSOLINO.htm http://www.ita-web.org/competitions/rosolino/ 1927-Birthday of
guitarist Jimmy Raney, Louisville, KY. 1931-Birthday
of drummer Frankie Capp,Worcester, MA. http://www.centrohd.com/biogra/c2/frankie_capp_b.htm 1942-University
of Chicago scientist Glen Seaborg and his colleagues first weighed plutonium,
the first man made element. 1942-Birthday
of pianist/composer Isaac Hayes, Covington, TN 1944-Birthday
of drummer Terry Clarke, Vancouver, British Columbia. 1945- Tommy Brown
of the Brooklyn Dodgers became the youngest player in major league history
to hit a home run when he connected against pitcher Preacher Roe of the
Pittsburgh Pirates. Brown was 17 years, eight months and 14 days old. 1945-Woody Herman
Band records “Bijou.” 1954-Meteorologist/chef/author
bon vivant Al Roker born Brooklyn, NY. http://www.alroker.com/bio.cfm http://www.alroker.com/main.cfm http://www.msnbc.com/onair/bios/a_roker.asp 1955---Top Hits Rock Around the Clock - Bill Haley & His Comets Hard to Get - Gisele MacKenzie The Yellow Rose of Texas - Mitch Miller I Don’t Care - Webb Pierce 1960- Connie Francis
began work on her first movie, "Where the Boys Are." She also
starred in the sequel, "When the Boys Meet the Girls." 1963---Top Hits Fingertips - Pt 2 - Little Stevie Wonder Blowin’ in the Wind - Peter, Paul & Mary Judy’s Turn to Cry - Lesley Gore Ring of Fire - Johnny Cash 1966-The thoroughbred
Buckpasser, owned by Ogden Phipps, won the Travers Stakes at Saratoga
to become the first 3-year-0ld to pass the $1 million mark in career earnings. 1969 - Andy Williams
received a gold record for the album "Happy Heart" on Columbia
Records. 1971---Top Hits How Can You Mend a Broken Heart - The Bee Gees Mr. Big Stuff - Jean Knight Take Me Home, Country Roads - John Denver I’m Just Me - Charley Pride 1971- Texas Instruments,
Dallas, Texas introduced the first electronic pocket calculator.
It weighed about 2.5 pounds and cost $149.
It could add, subtract, multiply, and divide, displaying the results in an LED ( light-emitting diode)
window. 1976-Gordon Lightfoot's
"The Wreck of the Edmund Fitzgerald," about an ore carrier which
sank on Lake Superior, was released as a single. The song, from the album
"Summertime Dream," made it to number two on the Billboard Hot
100 1977 - The song
"Best of My Love", by the Emotions, topped the pop charts. It
had a number one run of four weeks. http://www.70disco.com/emotions.htm http://www.grooveentertainmentinc.com/emo.htm 1978-After 37
consecutive years, the Stan Kenton Band folds. “Peanut Vendor.” http://www.gemlimited.com/kenton.htm 1979---Top Hits Good Times - Chic My Sharona - The Knack The Main Event/Fight - Barbra Streisand Coca Cola Cowboy - Mel Tillis 1986 - U.S. Census
Bureau officials reported that the U.S. population stood at 240,468,000
and the median age reached an all-time high of 31-1/2 years. 1987---Top Hits I Still Haven’t Found What I’m Looking For - U2 Who’s That Girl - Madonna Luka - Suzanne Vega A Long Line of Love - Michael Martin Murphey 1989- About 20,000 people ended a week-long
20th anniversary celebration of the Woodstock Festival at the festival's
original site near Bethel, New York. They left behind a mountain of mud
and empty beer cans. The unsanctioned gathering had only one serious incident
- a stabbing. Folksinger Melanie was the only Woodstock veteran to show
up. She performed from a makeshift stage. 1993---Top Hits Can t Help Falling In Love (From "Sliver")- UB40
Whoomp! (There It Is)- Tag Team I m Gonna Be (500 Miles)- The Proclaimers Slam-Onyx 1998- At Shea Stadium,
Cardinal first baseman Mark McGwire becomes the first player in major
league history to hit 50 home runs in three consecutive seasons. Mac's
seventh inning solo shot helps to defeat the Mets, 2-0. 2000 -The winningest
pitcher in franchise history is honored by the Yankees during Whitey Ford
Day ceremonies at Yankee Stadium. The crafty lefty holds the team record
for victories (236) , innings pitched (3,170 1/3), strikeouts (1,956)
and shutouts (45). 2002 -A judge
issues a temporary restraining order preventing the sale of Barry Bonds'
600th career home run ball hit into the Pacific Bell Park stands on August
9. Jay Arsenault, who allegedly promised friends after being given a game
ticket to split any monetary gains if he caught the historic baseball,
has been ordered to appear in court for hearing on September 5 along with
the prized souvenir. 2002---Top Hits Dilemma- Nelly Featuring Kelly Rowland Hot In Herre- Nelly Complicated- Avril Lavigne Just A Friend 2002- Mario Note
from the editor: Carl
Moberg is a wireless provider of equipment, camera’s, broadcast, and other equipment
across the United States, who’s business has grown, and from the beginning
maintained offices and shipping
facility here, originally trading it out for work on our internet server
and mail server, plus providing other expertise. When Maria Martinez-Wong
is out sick, or on vacation, as she is this week, he converts the text
to html, posts it to
the website and sends to our HTML readers.
While he has much knowledge on
this, it no longer is his main work, but he is picking up speed. He also comes
in at 9am, whereas Maria comes in at 7am just to post Leasing News. Give
him another day, and he will be quite up to speed.
Maria is back on
Monday, and I think Carl is looking forward to it. ---------------------------------------------------------------------------------
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