Available by e-mail in a text format, sent
out at 3:00am, free: http://www.leasingnews.org/addme-mailing-list.htm Headlines--- Classified Ads-
Outsourcing--- Back Office Tax
Free Wachovia to Enter 4 Urban Texas Markets Weekly
Bulletin Board Complaint Report UAEL North Bay Meeting
March 17th Donna Halow New Prez/CEO
Trinity Capital Fitch Sky Fin. Maintains
Neg. Outlook Sky to Sell Dental Financing
to MBNA Willis Lease Finance
Net Income Up 16% Fitch Teleconf: Effect
of California's Budget today ###### surrounding
the article denotes it is a “press release” Classified
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experience in commercial equipment lease and loan portfolio management. E-mail:gmartinez@phxa.com Full listing of all “outsourcing classified
ads” at: http://64.125.68.90/LeasingNews/JobPostingsOutsourcing.htm ----------------------------------------------------------------------------- Tax Free Wachovia to Enter 4 Urban Texas
Markets Wachovia, the nation’s fourth-largest banking
company and third-largest full-service brokerage, announced it will
move into Texas by the end of the year. The company will open wholesale
and retail banking operations in the areas of Dallas-Fort Worth, Houston,
Austin and San Antonio, with its state headquarters in Dallas. In the PBS television documentary about
tax shelter abuse, Wachovia was highlighted for a sale/leaseback on
a Bochum, Germany under ground sewer, " But through other sources
we confirmed that the Bochum sewer lease was a half-billion dollar deal
involving the fifth largest U.S. bank -- Wachovia. (Last year, Wachovia's
annual report indicated that it paid no federal taxes on $3.6 billion
in profits. A big chunk of its tax savings came from its $3 billion
in leasing activities -- though how much was generated from cross-border
deals like Bochum's is impossible to tell.)" Wachovia expects to add four to six retail
branches in Texas, staffed with more than 40 sales, risk and treasury
employees, by the end of 2004. Between 2005 and 2010, the bank expects
to add 30 to 50 new branches annually. Noting that Texas will be home
to12 percent of the nation’s total population growth in the next 25
years, bank officials say the cities it chose in Texas include 60 percent
of the state’s current population and 75 percent of its proposed growth. This German tax shelter and others gives
it the opportunity to compete in new markets, such as in Texas, home
of President George Bush, because it allegedly paid no taxes
on $3.6 million in profits. -------------------------------------------------------------------------------
Weekly
Bulletin Board Complaint Report 10% to ELFF Relief E-mail
to Lisa Levine, Executive Director, Equipment Leasing and Finance Foundation,
with a cc: to Mike Fleming, President Equipment Leasing Association,
from Kit Menkin---- “As
you know, last year I tried to get those who we helped obtain money
reimbursed for "advance rentals," deposits, or
service rendered to make a donation to the Equipment Leasing and
Finance Foundation, created in 1989 by the Equipment Leasing Association.
“We
were not successful, so Leasing News made a contribution itself, and
developed a new policy in 2004 which we would require a 10% cost to
be made payable to the Equipment Leasing and Finance Foundation.
We looked at this as a donation. “Unfortunately,
I think I will have to ask you to release us from our promise.
We have had two persons who specifically told us their attorney would
handle it, and three who we spoke to, who were going to consider it,
had their money returned just by telling them we were going to publish
the complaint ( in reality, we
hadn't even started to "investigate.") “In
many of the instances, the person making the complaint had hired an
attorney, but I think it is more than a money issue. I think it
is an emotional issue. Number one, they don't have the lease and
the situation may be six months old, so they have gone through a lot
of turmoil to this point. They are frustrated. They are
angry. They either have the money for an attorney, or the cost
of getting the money back will be more than the legal expense, and as
important, they are upset. This applies to
whether it is $6,000 or $50,000 that they have advance. “So
from a public relations perspective, they appear to get the impression
the leasing industry is after more money from them. They don't view
this as a "donation," and more importantly, many
say they will never lease again, obviously not caring to support the
Equipment Leasing and Finance Foundation. “In
this view, I would like you to release the promise we made of charging
a 10% donation when we were successfully in having money returned..
Leasing News will continue to support ELFF, hopefully attract some donations,
too. We definitely appreciates all the work you, your staff, your board,
and foundation do for our industry.” Kit
Menkin, editor/publisher “You are certainly released from your promise. We appreciate your support of the Foundation
through your communication efforts and financially. We are pleased to count on both avenues of support in the future. Thanks! Lisa A. Levine, CAE Executive Director Equipment Leasing and Finance Foundation - Your Eye On the Future #1---A real estate brokerage company took
a 10k deposit to finance $1.4 million at 8.75%, “with no additional
brokerage fee ( all included ) the complaint said. Part of the package was an equipment lease. After 71 days, the applicant was told they
would keep the lease portion, but try a bank using real estate. “After over 100 days of false statements
on satus and rates...we asked for a refund of our $10k deposit per our
signed agreement. Now 116 days
into the ordeal, we are going
to file a complaint against ****
for fraudalent representations, and taking and not returning the money.” After getting Ms. Levine clearance, we
told the complaintant we would not require the 10%, did a check with the
real estate licenses, finance lenders licensing, Better Business Bureau,
and in one telephone call, the principal said it was not worth the
attorney expense or his time to explain to us or a court about what
had happened, as he would be sending back a check for $10,000 today
to the company who made the complaint. We told the person who made the complaint,
who later sent us his e-mai: “Hi. FYI, the copy of the refund check is faxed
to me.” We
told him not to celebrate until it has been received and clears the
bank. Classified---Help Wanted Current Openings Account Executives
[Top] Sales Representatives
[Top] Senior Sales Executive
[Top] Vendor Sales Manager
[Top] http://64.125.68.90/LeasingNews/PostingFormWanted.asp ----------------------------------------------------------------------------- *** announcement
**************************************
**** announcement ***************************************************** -------------------------------------------------------------------------- ##### Press Release ########################### DONNA HALOW NAMED PRESIDENT AND CEO
OF TRINITY CAPITAL San Francisco, CA – After 23 years as President and CEO of Trinity
Capital Corporation, Jim Halow has retired (reported by Leasing News
on February 11,2004.) Donna Halow, his wife and partner since 1982 in
the San Francisco-based equipment leasing company, succeeds him in the
role. Promoted from Executive Vice President
and General Manager by the firm’s board of directors, Donna Halow had
been in charge of the company’s operations and major client relationships. “Nobody is better qualified than Donna
Halow to take over this responsibility,” said Jerry Newell, chairman
of the Trinity Capital board and executive vice president of the equipment
leasing division at Trinity’s parent, Bank of the West. “The company
will have seamless management continuity following the retirement of
its founder.” Before joining Trinity Capital, Donna Halow
had management roles in finance and operations for Levi Strauss &
Co. After receiving her MBA from the University of Washington, she also
worked in finance for Ford Motor Co. Before forming Trinity Capital, Jim Halow
was a vice president for U.S. Lease Financing, Inc., a subsidiary ofU.S.
Leasing International. Trinity Capital was acquired by Bank of
the West in November 2002. As a subsidiary, Trinity has a portfolio
of $166 million in equipment leases and provides servicing for $1 billion
in leases for clients. Bank of the West, a San Francisco-based commercial
bank with assets of $29.3 billion and some 300 branches in six Western
states, had a lease portfolio of $730 million at year-end 2003. (
According to a Bank of the West
spokesman the Trinity Capital operation was to remain
in tact in San Francisco. The purpose was to coordinate and take over
operations of Bank of the West Leasing expansion into the East Coast
and servicing the bank’s new branches in Southern California. The vendor
direct business and servicing
of leasing companies portfolio’s continues. editor ) A Bank of the West Company Trinity Capital Corporation 475 Sansome Street, 19th Floor, San Francisco,
CA 94111 Phone (415) 956-5174 Fax (415) 956-5187 NEWS For Immediate Release Contact: Bob Wolff (213) 972-0521 ### Press Release ############################# Fitch Affirms Sky Financial Group's
Rtgs; Maintains Negative Outlook Fitch Ratings-Chicago-: Fitch Ratings has
affirmed all ratings for Sky Financial Group, Inc. (SKYF, 'BBB'/'F3')
and its principal subsidiaries following SKYF's announcement today of
an agreement to sell its dental financing affiliate, Sky Financial Solutions
(SFS). Fitch also maintains a Negative Rating Outlook. A complete list
of ratings follows at the end of this release. Fitch views the pending transaction (scheduled
to close in the first quarter of 2004) favorably in terms of the positive
impact on parent company liquidity and capital. The sale of SFS would
enable SKYF to reduce leverage, boost tangible capital, and redeploy
capital in its core operating businesses of providing retail and commercial
banking and insurance services within its footprint. However, Fitch
looks for SKYF to make continued progress in enhancing available bank
level liquidity sources, achieving core deposit growth, and augmenting
capital. The acquisition of Second Bancorp (SECD), scheduled to close
in the second quarter of this year, will reduce capital levels and delay
SKYF in rebuilding capital to more historical operating levels (6.5%
tangible common equity to tangible assets). Significant progress in
this regard along with improvement in Sky Bank's liquidity profile would
relieve the downward pressure on SKYF's ratings and would likely result
in a favorable resolution of the Rating Outlook. Contact: Doris Hoffmann +1-312-368-2057
or David Spring +1-312-368-3194, Chicago. ### Press Release ######################### Sky Financial to Sell Dental Financing
Affiliate to MBNA Sky Financial Group, Inc. announced the
execution of a definitive agreement for the sale of its dental financing
affiliate, Sky Financial Solutions to MBNA. The sale is expected to
close in the first quarter of this year. A Sky Financial Group affiliate since 1996,
Sky Financial Solutions is an industry leader in providing dental professionals
with specialized financing for new office start-ups, equipment financing
and practice acquisition. “Sky Financial Solutions was a strong performer
for Sky in 2003 and has continued to show earnings improvement since
it began retaining its loan originations in 2000, however, this was
a great opportunity for both Sky and MBNA,” stated Marty E. Adams, chairman,
president and CEO of Sky Financial Group. “MBNA is an excellent, high-performing
company known for its innovative products and the unique business niche
of Sky Financial Solutions will fit well in MBNA’s company portfolio.
For Sky, the transaction will allow us to devote our full financial
and management resources to our core business, which is providing banking,
insurance and wealth management services through our regional market
structure. In addition, the sale will strengthen Sky’s balance sheet,
improving our liquidity and capital positions,” said Adams. As a result of the transaction, Sky expects
to record a net gain from discontinued operations of approximately $.18
to $.20 per share in the first quarter. However, until Sky can fully
redeploy the additional capital, earnings will be reduced approximately
$.01 per share on a quarterly basis. For the full year, Sky pro Willis Lease Finance Reports 2003 Net Income
Increased 16% to $4.2 Million; 2003 Pretax Profit up 36% to $5.9 Million
### Press Release ############################### Willis Lease Finance Net Income Up 16% SAUSALITO, Calif.----Willis Lease Finance
Corporation (Nasdaq:WLFC), a leading lessor of commercial jet engines,
today reported net income rose 16% and pretax profit increased 36% in
2003 compared to 2002. Net income in 2003 was $4.2 million, or $0.47
per diluted share, compared to $3.6 million, or $0.41 per diluted share,
in 2002. Pretax income in 2003 improved to $5.9 million compared to
$4.3 million in 2002. Results in 2002 were significantly affected by
a $4.1 million pretax net gain on debt prepayment in the fourth quarter.
Current
Market and 2003 Highlights "I
am very pleased with the company's performance in 2003," said Charles
F. Willis, President and CEO. "It wasn't easy, but we managed to
stay on course despite the lingering effects of the downturn in the
airline industry, the war in Iraq, SARS and more airline bankruptcies.
The strong improvement in both the level and quality of our profits
in 2003 was especially noteworthy given the difficult market conditions
of the past two years. We set some tough goals at the beginning of the
year to improve utilization, focus on cost control and develop other
sources of revenue. Our people worked very hard, and we can see the
results in our numbers. "In
talking with our customers I sense a feeling of optimism that I haven't
heard for many months," said Willis. "Customers are talking
about, among other things, adding capacity and needing to catch up on
previously deferred engine overhauls. That has already translated into
increased demand for our engines. At the moment, our most popular engine
types are completely leased out except for those in the shop undergoing
repairs." Portfolio
utilization showed significant improvement during 2003, hitting a high
of 90% in October before settling to 88% at December 31 compared to
86% at the end of the prior year. Average utilization for 2003 was 87%
compared to 82% in 2002. "Over the last two months, we have experienced
quite a pickup in demand for our engines," said Donald A. Nunemaker,
Chief Operating Officer. "As a consequence, our utilization rate
at the end of January was higher than it has been at any time since
August 2001, coming in at 91%. Given the mix between short and long
term leases in our portfolio, a reasonable utilization target would
be in the low ninety-percent range. While it is very gratifying to see
that we are back in that range, our experience tells us that the utilization
rate is subject to volatility from month to month as engines come on
and off lease. "We
continue to focus most of our activity outside the United States, as
only 11% of our lease revenue in 2003 came from U.S. customers, compared
to 16% in 2002. Europe, at 45% of lease revenue, continues to represent
the largest source of our lease revenue, followed by Latin America at
21%. At the beginning of 2003, we were quite bullish on China, but the
SARS epidemic hit the Chinese carriers hard. Nevertheless, China has
recovered remarkably quickly from the SARS disruption and remains one
of our largest opportunities for future growth."
Results
from Operations Lease
revenue in 2003 increased 3% to $57.0 million from $55.4 million. Sales
of equipment generated gains of $2.4 million during the year, compared
to $482,000 in 2002. Other income was $520,000 in 2003, compared to
zero the previous year. Comparing 2003 against 2002, lease revenue was
higher by $1.6 million, gains on sale of leased equipment were higher
by $1.9 million and other income was up by $520,000. The year over year
change in these revenue items totaled approximately $4.0 million. In
2002, the company recorded a $4.1 million net gain on debt prepayment.
Total
expenses in 2003 decreased 3% to $54.0 million compared to $55.6 million
in 2002. Depreciation increased 12% to $21.7 million from $19.4 million
in 2002 because of changes in estimates of useful lives and residual
values on certain older engine types. Writedowns of equipment were $1.3
million in 2003 compared to $3.1 million in 2002. General and administrative
expense in 2003 dropped 4% to $13.9 million compared to $14.4 million
a year ago. Net interest and finance costs declined 8% to $17.2 million
in 2003 from $18.7 million a year ago. In 2002, the company recognized
a one-time charge of approximately $700,000 associated with the refinancing
of a debt facility. Excluding this charge, net interest and finance
costs were down 5% reflecting the continuing favorable interest rate
environment. Pretax
income rose 36% in 2003 to $5.9 million compared to $4.3 million in
2002. Income tax expense increased to $1.7 million from $738,000 in
2002 because of higher pretax income in 2003 and a tax benefit of $491,000
recognized in the fourth quarter of 2002 that reduced total income tax
expense for that year. Net income in 2003 was $4.2 million compared
to $3.6 million in 2002, an increase of 16%. Excluding the effect of
the 2002 tax benefit, net income, on a comparable basis, increased 35%
in 2003. Fourth
Quarter 2003 Results Fourth
quarter lease revenue was higher at $14.4 million compared to $14.2
million in the fourth quarter a year ago. Total revenue in this year's
fourth quarter was $16.0 million compared to $18.2 million in the same
period last year. Total revenue was lower in this year's fourth quarter
due to the $4.1 net gain on debt repayment in the fourth quarter of
2002. This gain was partially offset by higher gain on sale of leased
equipment and other income in the same quarter of 2003. Pre-tax earnings
in the fourth quarter were flat at $1.9 million compared to the fourth
quarter of 2002. Fourth quarter net income totaled $1.4 million, or
$0.16 per share, compared to $2.0 million, or $0.23 per share, in the
year ago period. "Several
factors influenced fourth quarter results in 2002, making direct comparisons
difficult," said Monica J. Burke, Chief Financial Officer. "In
addition to the $4.1 million net gain on debt repayment in 2002, the
company recognized a $2.9 million writedown of equipment, and recognized
a $491,000 tax benefit related to state income tax accruals," Burke
noted. Balance
Sheet & Liquidity At
December 31, 2003, the company had 119 commercial jet engines, 4 aircraft
parts packages and 7 aircraft in its lease portfolio with a net book
value of $505.0 million, compared to $502.2 million at December 31,
2002, when the portfolio consisted of 120 commercial jet engines, 4
aircraft parts packages and 6 aircraft. Assets
totaled $560.0 million at December 31, 2003, compared to $543.0 million
a year ago. Shareholders' equity increased 5% to $110.1 million, or
$12.44 per common share at December 31, 2003, compared to $104.9 million,
or $11.88 per common share, a year earlier. The
company had warehouse and revolving credit facilities totaling $344.0
million, with approximately $30.0 million available at year-end, compared
to $375.0 million, with approximately $50.0 million available, a year
ago. The company's funded debt to equity ratio was 3.29 to 1 at December
31, 2003, compared to 3.48 to 1 at the end of 2002. The company had
$43.0 million of restricted and unrestricted cash and cash equivalents
at December 31, 2003, compared to $27.3 million at December 31, 2002.
"Capital management will be one of our key initiatives in 2004,
and we are exploring alternatives to provide additional financial resources
for growth," Burke noted. About
Willis Lease Finance Willis
Lease Finance Corporation leases spare commercial aircraft engines,
parts and aircraft to commercial airlines and maintenance, repair and
overhaul facilities. These leasing activities are integrated with the
purchase and resale of used and refurbished commercial aircraft engines. CONTACT:Willis Lease Finance Corporation
Monica J. Burke, 415-331-5281 ### Press Release ######################## Fitch Teleconf: Effect of California's
Proposed 04-05 Budget on Local Govts Today @ 1:30 p.m. EST Fitch Ratings-San Francisco Fitch Ratings
will hold a teleconference to discuss Fitch's recently published report
on the effect of California's proposed 2004-2005 Budget on local governments. The call will take place today at 1:30
p.m. EST. Fitch managing director, Amy Doppelt will host the call and
will also be joined by Mark Capell, director and Jenny Poree, analyst. U.S. participants should call +1-888-266-4139
and non-U.S. participants should call +1-706-643-1860 five minutes prior
to the 1:30 p.m. EST start time. The password is either 'Fitch' or '5703330'.
In order to ensure there are sufficient telephone lines available, please
use internal conferencing capabilities, if possible, for multiple listeners
at a single location. A replay of the teleconference will be available
two hours after call ends, until Friday, March 5 at the close of the
business day at +1-800-642-1687 (U.S.) or +1-706-645-9291 (non-U.S.).
The passcode for the instant replay is '5703330'. If you would like to participate, please
e-mail pfconference.calls@fitchratings.com. Additionally, a replay of the teleconference
will be archived on the Fitch Ratings web site for three months. Interested
parties can find the appropriate link at the 'Company Events & Online
Media' link which is located under the heading 'About Fitch' at 'www.fitchratings.com'.
Contact: Amy Doppelt +1-415-732-5612, San
Francisco. ### Press Release ############################# ------------------------------------------------------------------------------------------ News
Briefs--- Greenspan
Warns Panel On Fannie, Freddie http://www.washingtonpost.com/wp-dyn/articles/A3321-2004Feb24.html Consumer
confidence drops in February http://www.signonsandiego.com/news/business/20040224-1447-economy.html Ex-Tyco
CFO says loan covered home costs http://www.boston.com/business/articles/2004/02/24/ex_tyco_cfo_says_loan_covered_home_costs/ Foreign
accountants do U.S. tax returns http://www.usatoday.com/money/perfi/taxes/2004-02-23-overseas-outsourcing_x.htm Ten
Things Small Businesses Need To Know About Linux http://www.smallbusinesscomputing.com/biztools/article.php/3316531 ------------------------------------------------------------------------------------------------ “Gimme that Wine” France's
wine industry in decline 2004
forecast to be 'great year' for Cal.
luxury wine profits http://busjrnl.com/htmlos/003949.1.1454149196948615893 Virginia
Shenandoah Valley Winery Association Launches Wine Trail http://www.vino.com/press/press_release.asp?PRID=279 Costco
Challenges Three Tier System in Washington State
http://www.winebusiness.com/news/sitearticle.cfm?AId=83753&issueId=83706 Wine-makers free to use European names http://www.abc.net.au/news/newsitems/s1052038.htm NZ:
Winegrowers expect record vintage http://www.just-drinks.com/news_detail.asp?art=22293 This Day in American History =========Early American
History========= =========Colonial
Times========= =========Westward
Expansion========= =========Civil War—including
pre and post========= =========Gilded
Age========= =========World War
I --pre and post========= =========FDR========= =========1950’s========= =========1960’s========= =========1970’s========= =========1980’s========= =========1990’s========= ******************************************************************************* =========Early American History========= 1643 -- Dutch massacre of friendly Indians
at Pavonia, near present-day Hackensack, New Jersey, is ordered by William
Kieft, Governor of New Netherlands. 120 Wecquaesgeek men, women and
children asleep in their wigwams die. Eyewitness David P. deVries noted: "...about
midnight I heard a great shrieking, and I ran to the ramparts of the
fort... Saw nothing but firing, and heard the shrieks of the savages
murdered in their sleep. When it was day the soldiers returned to the
fort, having massacred or murdered 80 Indians, and considering they
had done a deed of Roman valor, in murdering so many in their sleep;
where infants were torn from mother's breasts, and hacked to pieces
in the presence of the parents, and the pieces thrown into the fire
and in the water, and other sucklings, being bound top small boards,
were cut, stuck, pierced, & miserably massacred in a manner to move
a heart of stone... “ http://www.ulster.net/~hrmm/halfmoon/lenape/effects.htm http://www.getnj.com/jchist/19.shtml =========Colonial Times========= 1779- George Clark captures Fort Sackville
at Vincennes, Indiana. http://memory.loc.gov/ammem/today/feb25.html 1791- the charter of the first bank of the
US: The First Bank of the US at Philadelphia, Pennsylvania, Proposed as a national bank by Alexander Hamilton,
it lost its charter in 1811. The Second Bank of the US received a charter
in 1816 which expired in 1836. Since that time, the US has had no central
bank. Central banking functions are carried out by the Federal Reserve
System, established in 1913. 1804-
the Democratic-Republican party held their first caucus and elected
Thomas Jefferson of Virginia for president and George Clinton of New
York for vice-president. The
Federalist did not
have a caucus but supported Charles Cotesworth Pinckney of South Carolina
and Rufus King of New York for vice-president.
Jefferson received 162 electoral votes and Pickney, 14. =========Westward Expansion========= 1824 -The Baptist General Tract Society was
organized in Washington, D.C. In 1826 the society was moved to Philadelphia,
and by 1840, the organization had issued over 3.5 million copies of
162 different tracts. 1825 – New Harmony, Indiana. Robert Owen announces
New Harmony utopian plan in Indiana to government dignitaries in the
Hall of the US House of Representatives. http://www-lib.iupui.edu/kade/newharmony/home.html http://csf.colorado.edu/psn/marx/Bio/owen.html http://www.avsands.com/Travel/Places/newharmonyindi_une_av.htm 1836- Samuel Colt obtained a patent for “
an improvement in revolving fire-arms.” He
had invented the revolving cylinder pistol in 1830 while he was traveling
on the S.S. Carlo. With a pocket knife he whittled a wood model. He first obtained a patent from England in
1835. After his US patent, he
formed the Patent Arms manufacturing Company of Paterson, NJ, capitalized
at $230,000 to manufacture them The
first revolvers produced by the factory were .34-caliber models. The
company nearly failed in its first decade, but was revived by an order
from the government in 1847 for one hundred revolvers to use in the
Mexican-American War. The revolver was the first firearm that could
be used effectively by a man on horseback. Colt set up a new factory
in Connecticut and made a fortune after the war as ranchers, outlaws,
prospectors, and lawmen stormed into the newly acquired Western territories
with their six-shooters blazing. 1842 -- Famous
woman lighthouse keeper Ida Z. Lewis born, Newport, Rhode Island. She
was the oldest daughter of the lighthouse keeper at Lime Rock in Newport,
R.I., who assumed her father's responsibilities when he suffered a paralytic
stroke when she was 15. By rowing her sister and brothers to school
and get supplies from the mainland she became an expert oarsperson.
Her ability to handle a boat even in the worst weather conditions enabled
her to rescue dozens of people from capsized boats in Newport Harbor.
Her fame spread throughout the country, and she was honored in numerous
ceremonies. President Grant and dignitaries of her area paid their respects
by personally visiting this great 19th century heroine. In 1879 after
22 years of keeping the Lime Rock Lighthouse she was officially designated
the first woman Keeper of the Light. http://www.lkwdpl.org/wihohio/lewi-ida.htm =========Civil War—including pre
and post========= 1859- the first temporary insanity defense
in a criminal case was used by Daniel Sickles, a congressman from New
York. On this date he shot and killed Philip Barton Key, the son of
Francis Scott Key, author of “The Star-Spangled Banner,” after he learned
the younger Key was having an affair with his wife.
His lawyer, James T. Brady, offered the defense of “temporary
insanity.” sickles was acquitted. He
eventually became a general in the Civil War, in which he lost a leg,
and served as minister to Spain. 1863- the first bank to take file as a National
Bank under “an act to provide a national currency” was
the first National bank of Davenport, IA.
Austin Corbin was the first president.
For two days, the bank was the only national bank in operation
under the new act. 1870- 1870-Hiram Rhodes Revels of Mississippi
was sworn in as the first black U.S. senator and the first black representative
in Congress. Revels was elected to fill the office vacated by Jefferson
Davis. He served through March 1871, the remainder of Davis' vacated
term. The first African-American to serve a full term in the U.S. Senate,
Blanche Kelso Bruce (1875-1881), was also from Mississippi. http://bioguide.congress.gov/scripts/biodisplay.pl?index=R000166 http://freepages.folklore.rootsweb.com/~docbratt/hiram_rhodes.htm http://www.shider.com/history/revels.htm http://ctct.essortment.com/africanamerican_pwr.htm 1873- Enrico Caruso, universally regarded
as the world's greatest operatic tenor, was born in Naples, Italy. He
became widely known in 1898 through his appearances in Milan, about
three years after his debut at Caserta, near Naples, in the role of
Faust. In 1902, he made his London debut and the following year he first
appeared in the U.S. He was very well received and actually bought a
house here
as he made many tours and was extremely popular. Caruso made his first recordings in 1901, and
was largely responsible for the public perceiving the phonograph as
a home entertainment medium rather than a toy. His recording of "Vesti
La Giubba (On With the Motley)" for the Victor Company in 1907
is believed to be among the first records to sell a million copies.
For more than 30 years after his death in 1921, Caruso was one of the
Victor company's top-selling artists. The 1951 film "The Great
Caruso," with Mario Lanza, provided renewed interest in his records. http://www.enricocarusomuseum.com/home.html 1874 -- Skokomish
Indian reservation established (near Shelton, Washington). http://www.washington.edu/uwired/outreach/cspn/hstaa432/lesson_12/skokomish.html http://www.pacificnet.net/jue/idontknow/answersexplanations/dogowa.html http://www.newsdata.com/enernet/fishletter/documents/fl7doc8c.html http://www.wavcc.org/wvc/cadre/WaStateHistory/course/tribes.htm =========Gilded Age========= 1896-Singer/song writer Ida Cox (Ida Prather)
born Toccoa, GA, Died 1967. http://www.blues.org/history/womenhistory/idacox.html http://www.geocities.com/BourbonStreet/Delta/2541/blicox.htm http://www.amazon.com/exec/obidos/ASIN/B00005K2D1/avsearch-df1-9-20/102-1682336-8966565 1900-pianist Hartzell “Tiny” Parham, born Winnipeg, Manitoba. Died April
4, 1943. http://www.redhotjazz.com/tiny.html
http://www.musical-genre.com/tiny_parham.htm 1910- Millicent Fenwick, the inspiration
for Garry Trudeau's "Doonesbury" character Lacey Davenport,
birthday. Former fashion model,
author, member NJ General Assembly and US congresswoman, Millicent Fenwick
was born at New York, NY. A champion of liberal causes, Fenwick pointed
to her sponsorship of the resolution creating the commission to monitor
the 1975 Helsinki accords on human rights as her proudest achievement.
She fought for civil rights, peace in Vietnam, aid for the poor, reduction
of military programs, gun control and restrictions on capital punishment.
Fenwick, died at Bernardsville, NJ, Sept 16, 1992. =========World War I --pre and
post========= 1913 – Federal Income Tax: The Congress shall
have power to lay and collect taxes on incomes, from whatever source
derived, without apportionment among the several states, and without
regard to any census or enumeration. The 16th Amendment to the United
States constitution was ratified on February 3 by Rhode Island
(interesting it was a Republican bluff that brought the bill
forward in the Rhode Island
legislature, as they thought the Democrats would be crazy passing it),permitting
the levying on income tax on individuals and businesses without apportionment
on the basis of the population of states. It did not go into effect
until February 12th. Officially
the Secretary of State Philander Knox on February 25, 1913 declared
it to be "in effect", but never stating it was lawfully ratified.
There were many legal issues from the various states that were never
resolved. The change did not come at once, however, for the first income
tax law specified graduated rtes of 1 to 6% of income. It was a flat tax. There is controversy that not all the states
ratified this amendment, although amendments to it were made Congress. http://www.freerepublic.com/forum/a3920a3ba708e.htm http://www.scrapthecode.com/educating/history.html http://www.scrapthecode.com/educating/history.html http://www.16thamendment.com/intro.asp 1918- “Bobby” Riggs birthday, tennis player
born Robert Lormier Riggs at Los Angeles, CA. Riggs won the US National Singles Championship in 1939 and 1941,
and won three titles at Wimbledon in 1939.
After World War II, he turned pro successfully but won his great
fame as the male sexist for a pair of “Battle of the sexes” matches
in 1973. He won the first of these against Margaret
Court and lost the second to Billie Jean King. Died at Leucadia, CA.
Oct. 25, 1995. 1919-Oregon became the first state to impose
a state gasoline sales tax, placing one cent per gallon on all motor
fuel. The funds collected were used for road construction and maintenance. 1919 -Jazz
cellist Fred Katz Birthday http://www.spaceagepop.com/katz.htm http://www.emusic.com/cd/10735/10735030.html?fref=148694 1922- “Texas Rose” Bascom birthday, a Cherokee-Choctaw
Indian born at Covington County, MS, Rose Flynt married rodeo cowboy
Earl Bascom and learned trick roping, becoming known as the greatest
female trick roper in the world. She appeared on stage, in movies and
on early TV. She toured with the USO during WWII, performing at every
military base and military hospital in the US. After the war she entertained
servicemen stationed overseas. In 1981 she was inducted into the National
Cowgirl Hall of Fame (located at Hereford, TX). She died Sept 23, 1993,
at St. George, UT. 1922 - The temperature at Los Angeles, CA,
soared to 92 degrees to establish a record for the month of February. 1924 - Ty Cobb, issued an edict to his team,
the Detroit Tigers, forbidding players to play golf during training
camp. A report in the Detroit Free Press said Cobb confiscated players’
golf clubs. 1927 -Pianist James P. Johnson first recording
of “Snowy Morning Blues,” Columbia 14204-D) 1929-Saxophonist Tommy Newsom born Portsmouth,
VA He is best-known for his
playing in the Tonight Show Band of the 1960's, 70's and 80's where
he occasionally was the butt of jokes as Doc Severinson's dim-witted
sidekick. Newsom was always good-humored about it all, but this particular
"gig" covered up the fact that he was actually a pretty talented
tenor-saxophone soloist. http://www.amazon.com/exec/obidos/ASIN/B000001VNM/avsearch-df1-9-20/102-1682336-8966565 =========FDR========= 1938- Miami Drive-In Debuts: Miami’s first
drive-In movie theater opened on this day. Invented in 1933 by Richard Hollingshead, the first drive-in
debuted on Crescent Boulevard in Camden New, Jersey. Admission was 25
cents per car and 25 cents per individual, with no car paying more than
one dollar. Hollingshead received a patent for his idea in 1933, but
it was later repealed in 1939. Without a patent to hinder them, copycats
began opening up drive-ins all across the country. By 1938, most metropolitan
areas had drive-in theaters. The drive- in craze would reach its peak
in 1963 when 3,502 theaters were in operation across the country. Today
most drive-ins have been replaced by VHS and DVD as the most inexpensive
way to watch a movie, or romantic encounter, plus land has become so
expensive to prohibit the return of the investment and management. 1942 -- The US Navy orders Japanese American
residents of Terminal Island near Los Angeles Harbor to leave in 48
hours. They are the first group to be removed en masse & suffer
especially heavy losses as a result. http://www.janm.org/clasc/resources.htm http://www.janet.org/janet_history/niiya_chron.html 1943- George Harrison, former lead guitarist
for the Beatles, was born in Liverpool, England. He was the guitarist
and co-songwriter for the Beatles, alongside John Lennon, Paul McCartney
and Ringo Starr. The band is considered to be the most influential rock
and roll group of all time. Harrison is credited with introducing Eastern
musical styles and instrumentation to Western Pop.
After the breakup of the Beatles, Harrison embarked on a successful
solo career, became an independent film producer (Time Bandits) and
created on of the first charity rock concerts with his “Concert for
Bangladesh,” which brought relief to flood victims of that country.
His first project after the Beatles broke up in early 1970 was a three-record
set, "All Things Must Pass," which contained the number-one
single, "My Sweet Lord." In 1971, Harrison sponsored and was
the host for two benefit concerts at Madison Square Garden in New York
for the people of Bangladesh. The concerts, a documentary film and a
Grammy Award-winning three-record set earned more than 10 million dollars,
which was donated to UNICEF after a lengthy delay caused by legal problems.
Harrison had another number-one hit in 1973 with "Give Me Love
(Give Me Peace on Earth)," and his tribute to John Lennon, "All
Those Years Ago," made it to number two on the Billboard Hot 100
in 1981. Harrison's 1987 comeback album "Cloud Nine," was
a big hit, as was the single "Got My Mind Set On You." He
died at Los Angeles, CA. on Nov 29,2001. http://web.mit.edu/scholvin/www/harrison/harrison.html 1944---Top Hits Besame
Mucho - The Jimmy Dorsey Orchestra (vocal: Bob Eberly & Kitty Kallen My
Heart Tells Me - The Glen Gray Orchestra (vocal: Eugenie Baird) Shoo,
Shoo, Baby - The Andrews Sisters Ration
Blues - Louis Jordan 1946- Les Brown records “Lover’s Leap”: for
Columbia =========1950’s========= 1950- pianist Mike Wofford born San Antonio,
TX 1950- “ Your Show of Shows” premiered on
TV. “Sid Caesar and Imogene Coca starred in the NBC 90-minute variety
program along with Carl Reiner and Howard Morris. It started as a one
hour show February 25, 1950. The show included monologues, improvisations,
parodies, pantomimes and sketches of varying length. Some of its writers
were: Mel Brooks, Larry Gelbart, Neil Simon and Woody Allen. It was
my father's favorite show. He
was general manager of WOR-TV in New York.
We grew up enjoying "live TV." He was a friend of Carl
Reiner and Howard Morris and the director of
the show was one of my father’s best friends, Irv Kirshner, who also
directed the Jackie Gleason Show,
if my memory serves me correctly. 1952---Top Hits Cry
- Johnnie Ray Slowpoke
- Pee Wee King Anytime
- Eddie Fisher Give
Me More, More, More (Of Your Kisses) - Lefty Frizzell 1957 - Buddy Holly and The Crickets traveled
to Clovis, NM, to record "That’ll Be the Day" (one of the
classics of rock ’n’ roll) and "I’m Looking for Someone to Love".
Both songs were released on Brunswick Records in May of that year. Buddy
Holly and the Crickets recorded "That'll Be the Day" at Norman
Petty's studio in Clovis, New Mexico, after weeks of rehearsal. The
record, released under the Crickets' name, was Holly's first million-
seller, topping both North American and British charts. =========1960’s========= 1960---Top Hits The
Theme from "A Summer Place" - Percy Faith Handy
Man - Jimmy Jones What
in the World’s Come Over You - Jack Scott He’ll
Have to Go - Jim Reeves 1961- Davey Allison, auto racer born at Hueytown,
AL NASCAR’s rookie of the year,
Allison won 19 races in 191 starts, including one Daytona 500. The son
of racer Bobby Allison, Davey was killed in a helicopter accident on
the infield of the racetrack at Talladega, AL, July 13, 1993. 1961- Elvis Presley played a charity concert
in Memphis, his first performance since being discharged from the US
Army almost a year earlier. 1963 -- Vee Jay Records, a small Chicago-based
label, releases the first Beatles record in the US, "Please Please
Me" backed with "Ask Me Why." A smash in the UK, barely
noticed in the US. "Please
Please Me" was the second record released in the U.S. by The Beatles.
Some labels carried a famous misprint, making it an instant, and valuable,
collector’s item. The label listed the group as The Beatles. 1964 - Twenty-two-year old Cassius Clay won
the world heavyweight boxing title by defeating Sonny Liston in the
seventh round in Miami, FL. Clay had been an 8-1 underdog. In fact,
only 8,297 fans showed up for the bout. http://news.bbc.co.uk/sport1/hi/boxing/specials/ali_at_60/1722098.stm http://www.antekprizering.com/claylistonfive.html 1965- Twenty-two-year-old Cassius Clay (later
Muhammad Au) became world heavyweight boxing champion by defeating Sonny
Liston . Asked how he would
defeat Sonny Liston, “ Float like a butterfly, sting like a bee.” At
the height of his athletic career Ali was well known for both his fighting
ability and personal style. His most famous saying was, "I am the
greatest!' A movie was
recently made about his career. In 1967 he was convicted of violating
the Selective Service Act and was stripped of his title for refusing
to be inducted into the armed services during the Vietnam War. Ali cited
religious convictions as his reason for refusal. In 1971 the Supreme
Court reversed the conviction. Ali is the only fighter to win the heavyweight
fighting title three separate times. He defended that title nine times.
He has devoted his life to helping others. Despite a crippling disease,
he gives much time to promoting peace and bringing people together. 1966-Nancy Sinatra receives her first gold
record for "These Boots Are made for Walkin'." She will share
a gold record with her father Frank next year for "Something Stupid. 1968---Top Hits Love
is Blue - Paul Mauriat (Theme
From) Valley of the Dolls - Dionne Warwick (Sittin’
On) The Dock of the Bay - Otis Redding Skip
a Rope - Henson Cargill =========1970’s========= 1973 -Juan Corona sentenced to 25 life sentences
for 25 murders http://www.geocities.com/Area51/Shadowlands/4077/corona.html 1976---Top Hits 50
Ways to Leave Your Lover - Paul Simon Theme
from S.W.A.T. - Rhythm Heritage Love
Machine (Part 1) - The Miracles Good
Hearted Woman - Waylon & Willie 1977- dust reduced visibilities from eastern
Virginia through the southeastern states to Florida between the 24th
and 28th. The dust originated in the western Great Plains on the 22nd
and 23rd with wind gusts above 100 mph reported at Guadalupe Pass, Texas,
at White Sands, New Mexico, in Sherman County, Kansas, and in eastern
Colorado. =========1980’s========= 1981 - Christopher Cross won five Grammy
Awards at ceremonies in Radio City Music Hall in New York City. He was
awarded the Album of the Year award for "Christopher Cross"
and his hit, "Sailing", won for Best Arrangement Accompanying
Vocalist(s), Record of the Year and Song of the Year. Christopher was
also voted Best New Artist of 1980. All in all, a very good night for
Mr. Cross... 1982 -Final episode of "The Lawrence
Welk Show" airs. http://www.museum.tv/archives/etv/L/htmlL/lawrencewelk/lawrencewelk.htm http://timstvshowcase.com/welkbak.gif http://us.imdb.com/Title?0047749 1984 - "Ironweed", by William P.
Kennedy, was awarded the Pulitzer Prize for fiction this day. The novel,
about a man trying to make peace with the ghosts of his past -- and
present, also captured the National Book Critics Circle Award for fiction.
("Ironweed" was made into a movie in 1987, directed by Hector
Babenco, starring Jack Nicholson and Meryl Streep.) 1984---Top Hits Jump
- Van Halen 99
Luftballons - Nena Girls
Just Want to Have Fun - Cyndi Lauper Stay
Young - Don Williams 1986 - "We are the World" captured
four Grammy Awards. The song, featuring more than 40 superstar artists
gathered at one time, was awarded the Top Song, Record of the Year,
Best Pop Performance and Best Short Video Awards. Lionel Richie and
Michael Jackson wrote the song, which was recorded by 45 celebrities.
The record raised more than 33 million dollars for African famine relief. 1987- Frank Sinatra's appearance on "Magnum
PI" gave the TV show its highest rating ever. http://timstvshowcase.com/magnumtvg5.jpg http://timstvshowcase.com/magnumbak.jpg 1988- Bruce Springsteen opened his "Tunnel
of Love" tour in Worcester, Mass. Springsteen shed his working-man
image, adopting the persona of a boardwalk carnie. He performed eight
songs from the "Tunnel of Love" album plus an assortment of
"B" sides, unreleased songs, cover tunes and new material.
Songs from Springsteen's earlier albums were virtually ignored. 1989 - Mike Tyson stopped (knocked out) Frank
Bruno in the fifth round in Las Vegas, Nevada. Tyson was the WBA, WBC
& IBF Undisputed World Heavyweight Champ. 1989 - Thirteen cities in Florida reported
record low temperatures for the date, including Jacksonville with a
reading of 24 degrees. Severe cold in Florida claimed three lives, and
resulted in 250 to 300 million dollars crop damage. Unseasonably warm
weather prevailed in the central U.S. Dodge City KS reported record
high of 80 degrees. =========1990’s========= 1990 - Snow spread across the northeastern
U.S. Massachusetts was blanketed with 8 to 15 inches of snow, 5 to 10
inches was reported in Rhode Island, and totals in Connecticut ranged
up to 10.5 inches at New Canaan. In central New York State, snow and
high winds resulted in a number of chain-reaction multiple accidents,
and a total of 108 persons were injured. Snow and high winds created
white-out conditions along Interstate 87 in Saratoga County NY. Subzero
cold was reported from Minnesota through Michigan to northern New England.
Duluth MN reported a record low of 26 degrees below zero 1992- Natalie Cole's single and album "Unforgettable"
captured seven Grammy awards, including best album, best record and
best song. Victoria native David Foster was named producer of the year
for the album and single. The title song of "Unforgettable"
was an electronically-produced duet between Cole and her father, Nat
(King) Cole, who died in 1965. 1992-Grammy awards, Vancouver rocker Bryan
Adams won for best song written specifically for a motion picture or
television - for "(Everything I Do) I Do It For You" from
"Robin Hood: Prince of Thieves." 1993 - The Florida Marlins baseball team
introduced their mascot, Billy the Marlin. According to Billy’s Web
page (web7.sportsline.com/u/baseball/ flamarlins/kids/billyhome.htm),
Billy’s favorite movie is "A Fish Called Wanda" and his favorite
TV show is "Flipper". 1993 -the big snow season of 1992-93 continued
to set records. Evansville, Indiana set a new monthly snowfall record
on this date with 18.4 inches. 12.7 inches of snow fell in 24 hours
at Columbia, Missouri to set a new 24 hour snowfall record for the month.
Light snow at Pocatello, Idaho raised its seasonal snowfall total to
85.7 inches to set a new all-time seasonal snowfall record. The old
record was 85.6 inches set in the 1983-84 season. 1995 - Madonna’s "Take a Bow"
became the #1 single in the U.S. The smash hit was number one for seven
weeks: “Take a bow, the night is over; This masquerade is getting older;
Lights are low, the curtains down; There’s no one here.” 1997 - Directors of Bethel Bible Village
met to decide whether to remove Pat Boone as a sponsor for the Pat Boone
Celebrity Spectacular, a charity golf tournament the singer had supported
for nearly 20 years. A few weeks earlier, Boone had turned from cotton-candy
crooner to leather-clad heavy-metal rocker. Trinity Broadcasting, a
Christian TV network, received so many complaints about his heavy-metal
act that it canceled his weekly Gospel America show. However, he remained
host of a Christian film and TV awards program. According to chairman
Theodore Baehr of the Christian Film and Television Commission, "In
white bucks or black leather, Pat Boone is still the same guy underneath". 1998-The Grammy’s were handed out during
ceremonies at Radio City Music Hall. Bob Dylan won three Grammy’s, including
one for Best Album for "Time Out Of Mind." Dylan's son, Jakob,
also won an award, winning Best Song for "One Headlight,"
a song he recorded with his band, The Wallflowers. Also winning awards
were John Fogerty, who picked up Best Rock Album for "Blue Moon
Swamp," Elton John for Best Male Vocal for "Candle In The
Wind 1997" and Van Morrison, who won one for Best Pop Collaboration
for "Don't Look Back," a song he recorded with John Lee Hooker. 1999 - Television's highly popular Baywatch,
watched each week in more than 100 countries, began a locale change
for its 1999 season by filming on location in Australia. The show starred
executive producer David Hasselhoff and a brigade of red swimsuit-clad
lifeguards. On this date, TV producer Greg Bonnan attended a public
meeting in Avalon Beach, a beachfront Sydney suburb. Some of the 1,700
people who attended were shouting, "Don't come here, leave us alone!"
and "We don't want you here!" A fifth of the town's population
turned out for the meeting, which appeared to split the community between
younger Baywatch fans and older people who abhorred the invasion of
privacy and inconvenience that film productions bring. Many residents
were angered when security guards blocked off part of the beach and
banned a surfer from the area. After the unruly meeting, Bonnan said
he was considering invitations from other Australian coastal towns that
welcomed the chance to put their beach on television screens worldwide.
http://www.ricochetrecords.com/Recordings/recordings.html 1999 - In Malibu, Robert Butler, 37, a pilot
for Torrance-based Bravo Helicopter and Wing who ferried a paparazzo
over Barbra Streisand's wedding, was charged with swooping down too
low over guests and disturbing the peace. Butler faced up to 270 days
in jail and a $1,400 fine if convicted of reckless flying and disturbing
the peace, prosecutors said. Of the more than 15 camera-laden helicopters
that hovered over Streisand's wedding to actor James Brolin on July
1, 1998, Butler's was the only one that dropped below the legal 500-foot
level, said the Los Angeles County Sheriff's Department. And that’s
the way it is in Los Angeles. http://www.utdallas.edu/police/badgebk.gif
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