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Leasing News is a web site that posts information, news, and
entertainment for the commercial alternate financing,
bank, finance and leasing industries

Tuesday, July 3, 2018

Today's Equipment Leasing Headlines

Position Wanted – Credit
  Work Remotely or Relocate for Right Opportunity
Top Stories:  June 25 - June 29
  (Opened Most by Readers)
Final Approval of Multi-Million Dollar Class Action Settlement
   Ascentium, Balboa, Univest, et al
More Changes at Bank of the West Leasing
    Moving to Tempe, Arizona
Employment Web Sites
   Top Sites
Don't Get Fooled by these Common UCC Filing Myths
  By Kacy Flowers,
Jurassic World: Fallen Kingdom/Won't You Be My Neighbor
Black Panther/Early Man/El Sur
  Film/Digital Reviews by Leasing News' Fernando Croce
   Kingwood, Texas  Adopt a Dog
Tom McCurnin Climbs Himalayas Photos/Comments
   Says “I’m getting too old for this…”
News Briefs---
GE’s New Management Mantra: ‘Little or No Meetings’
  working to decentralize the conglomerate’s decision making
Dell will again become a publicly-traded company
 in $22 billion buyout - founder/CEO Michael Dell remains in charge
As Tesla Reaches Model 3 Production Targets,
  Short Sellers Have Lost $2.5 Billion
30 Cities Best Positioned for Long-Term Success
   "certain cities have attributes that allow them to thrive..."

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
Leasing News Icon for Android Mobile Device 

You May have Missed---
 This Is Just To Say – A Poem by LeBron James
  Sports Brief----
   California Nuts Brief---
   "Gimme that Wine"
     This Day in History
       Daily Puzzle
         Weather, USA or specific area
          Traffic Live----

######## surrounding the article denotes it is a “press release,” it was not written by Leasing News nor has the information been verified. The source noted. When an article is signed by the writer,
it is considered a “byline.” It reflects the opinion and research of the writer.

Working Capital from $10,000 to $250,000                 

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Position Wanted – Credit
Work Remotely or Relocate for Right Opportunity


Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry. These ads also can be accessed directly on the website at:

Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.

Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers. 


Work Remotely from Portland, Oregon

Experienced commercial banker and former commercial equipment leasing industry professional seeking full-time or part-time work out of my home in Portland, Oregon. Over twenty years’ experience in credit analysis, underwriting, sales and collections. Known for creative problem solving and strong quantitative & qualitative analytical skills.  Demonstrated ability to gather information, evaluate and make informed strategic business decisions to maximize profit and mitigate risk. Well known for ability to develop strong business relationships with Clients and large list of national equipment leasing Brokers. Please see attached resume and contact me below if interested. 

Orlando, Florida - Will work remotely
As a Commercial Credit Analyst/Underwriter, I have evaluated transactions from sole proprietorships to listed companies, across a broad spectrum of industries, embracing a multitude of asset types. Sound understanding of balance sheet, income statement and cash flow dynamics which impact credit decisions. Strong appreciation for credit/asset risk.
407 430-3917

Seattle, WA – Will Work Remotely

A highly skilled credit expert.  Extensive underwriting background in small ticket leasing and commercial banking.  Managing equipment finance credit operations, performing daily credit tasks, spreading/analyzing financial statements, preparing monthly reports.  Exceptional organizational, analytical, communication skills.  I excel at making sound credit decisions in a fast paced environment.



Top Stories:  June 25 - June 29
(Opened Most by Readers)

(1) No Longer taking Broker/Discounting Business
  plus Leasing Companies Out of Business

(2) New Hires/Promotions in the Leasing Business
   and Related Industries

(3) California Senate Bill SB 1235
   Passes State Assembly Committee

(4) Next U.S. Supreme Court Justice? - from January 20, 2011:
Mazuma Announces Resignation of Director Mike Lee

(5) Sales Makes It Happen by Scott Wheeler, CLFP
   Sell, Don't Do Processing

(6) Ascentium Capital Announces New Sales Office
   in Scottsdale, Arizona, Seventh Office in US

(7) KeyBank Acquires SMB Lending Tool Bolstr,
   Plans to Originate $2.5 Billion in Loans

(8) May Business Leasing and Finance Holds Steady
    Equipment Leasing and Finance Association Reports

(9) First American Equipment Finance Makes Fortune Magazine
   100 Best Workplace for Millennials for 2018

(10) Photo for Fans of Barry S. Marks, Esq., CLFP
          On Vacation in Italy




Final Approval of Multi-Million Dollar Class Action Settlement
Ascentium, Balboa, Univest, et al

Chief Judge Barbara M.G. Lynn

It appears the case among America's MHT, Inc., Ascentium Capital, LLC, Cliff McKenzie, Scott Postle, Balboa Capital Corporation, and Univest Capital, Inc. has been settled.  Originally filed January 17, 2017, it appears over 25 attorneys involved, multistate, moved all to Northern District of Texas, Dallas Division.  Chief Judge Barbara M.G. Lynn, ruled an "ORDER granting 90 Plaintiffs' Motion for Final Approval of Partial Class Action Settlement. Because the settlement resolves all claims between Plaintiffs and Settling Defendants, a final judgment will be entered accordingly. An order adjudicating the motions for award of attorneys' fees and expenses." (1)

In exchange for a release of claims against the Settling Defendants, the Stipulation provides that:

  • Ascentium will pay (1) the expenses of the settlement administrator and (2) the fees and costs of class counsel (Stipulation at 9);
  • Each member of Subclass One and Subclass Two will have the member’s outstanding loan obligation reduced to the lesser of (1) $85,900.50 and (2) 80% of the total of all payments remaining due under the original terms of all Ascentium and Univest IPAs for which the class member is listed as a guarantor, with each class member receiving an additional 20% discount on the agreed loan obligation if paying in one lump sum (id. at 12-13);
  • Each member of Subclass Three will have the member’s outstanding loan obligation reduced to the lesser of (1) $114,534.00 and (2) 80% of the total of all payments

Case 3:17-cv-00155-M Document 125 Filed 06/22/18 Page 4 of 24 PageID 1729
remaining due under the original terms of all Ascentium and Univest IPAs for which the class member is listed as a guarantor, with each class member receiving an additional 20% discount on the agreed loan obligation if paying in one lump sum (id. at 13);

  • Each member of Subclass Four will receive payments from Ascentium based on a formula, which, at the member’s election, can be used to pay outstanding loan obligations to Balboa (id. at 10);
  • Class members from Subclasses One, Two, and Three will be released from any claims and obligations arising under the Ascentium and Univest IPAs after payment in full of their agreed loan obligations discussed above (id. at 10);
  • Ascentium and Univest will (1) refrain from any negative credit reporting against members of Subclasses One, Two, and Three for acts predating the settlement; (2) retract any negative credit report that was previously made against members of Subclasses One, Two, and Three; and (3) refrain from any further collection efforts against members of Subclasses One, Two, and Three so long as the terms of the agreed settlement amount are satisfied (id. at 9);

Final Approval (1)

Leasing News Legal Editor Tom McCurnin wrote about the cases March 22, 2017:

"Ascentium Capital was sued last month in two Texas District Court lawsuits over financing worthless collateral for doctors. The collateral was a few iPads, a license to use a home health care product whereby the doctor would sell home health care, administered by nurse practitioners hired by the vendor. I note parenthetically that Ascentium financed $45,000,000 of these deals. The vendor, MHT sold these licenses for $300,000 to doctors and allegedly promised the doctors:

"• Start-up costs (line of credit) is supplied by Ascentium, in the amount $75,000;
• No physician ever has to make payment on these lines of credit;
• The license can be returned at any time through a “novation” in which it is resold to another doctor; Proprietary software is included for CMS requirements (Medicare and Medicaid) 
• There are no fees or interest associated with the license.

"Cliff McKenzie, CFLP, was a senior officer of Ascentium. The complaint alleges that McKenzie knew about the fraudulent practices and was receiving kickbacks and payments from the vendor, about $20,000 per month. If this allegation is true, it may make MHT the agent of Ascentium and might arguably defeat the hell or high clause."

This was followed with Cases from Univest Capital as well as Balboa Capital regarding leases discounted, assigned, passed of to them:

Hopefully Mr. McCurnin will be back from vacation when Judge Lynn files a final judgement, including 25 (or more) attorney fees and expenses.

Final Approval (24 pages)



More Changes at Bank of the West Leasing

Leasing News has noted that the indirect department in Dublin, California was basically closed in 2017, many of key people have left. The San Francisco Direct operation also saw changes, including Nick Gibbons, now at AP Financing.

An insider told Leasing News, "Bank of the West is moving its equipment finance division to Tempe.  Lots of turnover and dysfunction during the same time that the growth initiatives are not complete."

The former logo:




Classified Ads---Employment Web Sites

Here is a list of top internet job web sites, several specializing in financial, money, and leasing, too.



Don't Get Fooled by these Common UCC Filing Myths
By Kacy Flowers,

Secured parties must file their UCC Financing Statements quickly and correctly in order to perfect their security interest and gain a priority position to collect. Even small mistakes in the UCC filing process can prove costly since they open the door for a subsequent secured party to claim priority.
Despite their importance, CLAS has found that there are a host of common misconceptions or “myths” surrounding UCC filings. In this article we strive to debunk Five Common UCC Filing Myths.

  • MYTH: The Secretary of State’s office will catch any filing mistakes I make in filling out the UCC form.
  • TRUTH: According to the Uniform Commercial Code, the filing officer’s duties are to be ministerial in nature. When they review a UCC document prior to filing, they are checking it against a set of minimum requirements and if the document meets those minimum statutory requirements, the filing office is instructed by the Uniform Commercial Code to accept the document and enter it into the public record. The Secretary of State or equivalent filing office makes no determination as to the accuracy or sufficiently of a UCC document - that responsibility falls to the secured party or the agent preparing the UCC filing on their behalf.

  • MYTH: For lengthy business debtor names, it is OK to use common abbreviations such as Mfg. and Nat’l when completing a UCC Financing Statement form.
  • TRUTH: When filing a UCC that names a business debtor, it is critical to input the exact legal name. The exact legal name is defined as the name as it appears in the public organic record, another way of saying their organizing paperwork (i.e. Articles of Incorporation or equivalent document), taking into account any amendments or merger documents filed thereafter that affect the business name. Any UCC filing that uses an abbreviation not present in the pubic organic record would fail to properly identify the debtor by Uniform Commercial Code standards.
  • MYTH: A Continuation extends the term of effectiveness for a UCC record for and additional five years from the date the Continuation Statement is filed.
  • TRUTH: A filed Continuation Statement extends the UCC record’s effectiveness for an additional five years from the date that the Financing Statement would have expired, not from the filing date of the Continuation Statement. It is as if a UCC filing is always allowed to finish out its initial term then the Continuation gets tacked on at the end.

  • MYTH: When filing a UCC Financing Statement on an individual, the best source for determining the debtor’s legal name is their birth certificate.

  • TRUTH: When the 2010 Amendments to Revised Article 9 of the Uniform Commercial Code went into effect, new guidelines were introduced for how secured parties must identify individual debtors on UCC filings. States could enact one of two options:  Alternative A which instructs secured parties to list an individual debtor names exactly as it appears on their driver’s license or state-issued identification card, or the broader Alternative B which provides a variety of ways a filer may list individual debtors, but still references only the driver’s license or state-issued identification card as a source document.
  • MYTH: For business debtors, I need to file a UCC Financing Statement in every state where the company is qualified to transact business.

  • TRUTH: There is no need to file in every state where a business is qualified. The Uniform Commercial Code contains strict rules for where UCC records are to be filed. For a registered business (e.g. Corporation, Limited Liability Company, etc.) UCCs are to be filed in the state where the entity filed its initial formation documents, that is there home or domicile state. For an unregistered business, such as a General Partnership in many states, a UCC would be filed in the state where they have their chief executive office.

We’re here to help! For any UCC related questions, or to submit a UCC filing, contact CLAS at 800.952.5696 or Or, simply click on Contact CLAS, a CLAS representative will get back to you shortly.


Fernando's View
By Fernando F. Croce

A thrilling blockbuster (“Jurassic World: Fallen Kingdom”) and an emotional documentary (“Won’t You Be My Neighbor?”) make for a contrasting double-bill in theaters, while DVD releases offer stirring action (“Black Panther”), droll animation (“Early Man”) and poetic drama (“El Sur”).

In theaters:

Jurassic World: Fallen Kingdom (Universal Pictures): The mega-successful dino-franchise continues to deliver thrills in this sequel to “Jurassic World,” which adds some haunted-house elements to the formula. Picking up the story three years since the last installment, with the amusement-park island full of dinosaurs now threatened by an active volcano. Dr. Malcolm (series veteran Jeff Goldblum), who’s had his share of mayhem, argues for the creatures’ extinction, but former park head Clare (Bryce Dallas Howard) instead suggests a new sanctuary. Along for the ride is her ex-boyfriend Owen (Chris Pratt), leading a team of specialists to rescue raptors from molten lava. Naturally their mission goes awry, and narrow escapes and death-defying stunts follow. Directed by Juan Antonio Bayona (“The Orphanage”), the film is an expertly-crafted, often inventive monster ride.

Won’t You Be My Neighbor? (Focus Pictures): Having since his death become an icon of human idealism, “Mister Rogers’ Neighborhood” host Fred Rogers (1928-2003) makes for a beguiling subject in this poignant documentary. Though still shrouded in mystery, his past is illuminated via interviews with those who knew him, who remember his childhood trouble with bullies and his position as a Presbyterian minister. There are clips from political pundits and from parody sketches, but for the most part director Morgan Neville (“20 Feet from Stardom”) wisely comprises the bulk of the footage from Rogers’ beloved PBS show. It’s there that viewers witness the man’s uncompromising dedication to kindness, using a children’s show as a forum for serene acceptance. Its sincerity as warm and welcome as a blanket, the film is an emotional experience.

Nextflix Tip: Though best known for playing feisty Lois Lane to Christopher Reeves’ Clark Kent in the “Superman” movies, Margot Kidder (1948-2018) also lend her talents to a variety of eccentric and provocative roles. So check out Netflix for such movies as “Sisters” (1972), “Black Christmas” (1974), “The Amytiville Horror” (1979), and “Willie & Phil” (1980).


Black Panther (Walt Disney Studios): The Marvel cinematic universe continues to expand in the phenomenally successful franchise’s thrilling new installment. Focusing on the eponymous superhero introduced in “Captain America: Civil War,” the story follows T’Challa (Chadwick Boseman), who must return to the African nation of Wakanda to take his rightful place at the throne. Festivities are interrupted by the plans of the villainous arms dealer Ulysses (Andy Serkis), as well as the arrival of American soldier Eric Killmonger (Michael B. Jordan). As alliances and betrayals proliferate, can T’Challa prove his worth before a danger that threatens the kingdom? After his triumphant “Creed,” director Ryan Coogler proves again his talent for robust and stirring storytelling, enriching spectacle with an attention to character and emotion. The cast also includes Lupita Nyong’o, Angela Bassett and Forest Whitaker.

Early Man (Universal Studios): The droll gentleness that’s the trademark of British claymation specialist Nick Park (“Wallace & Gromit”) is in amble supply in this delightful comic fantasy set in prehistorical times. The protagonist is a good-natured Stone Age teenager named Dug (voiced by Eddie Redmayne), who, with his porcine sidekick Hognob by his side, enjoys a peaceful existence with a tribe of bumbling fellow cave-folks. But their calm lives take a sharp turn when the greedy Lord Nooth (Tom Hiddleston) decides to turn their valley into a vast mine, forcing Dug and the others to dig for metals. That’s just the beginning of an adventure that includes giant ducks and fateful football matches. Crafted with the meticulous detail expected from Park, this is an enjoyable combination of wryness and slapstick.

El Sur (Criterion): Beloved by cinephiles for his masterpiece “Spirit of the Beehive,” Spanish filmmaker Victor Erice delivers a similarly evocative and poetic view of youth in this exquisitely-wrought drama from 1983. Set in the northern rural areas of Spain, the film takes its viewpoint from Estrella (played as a child by Sonsoles Aranguren, as a teenager by Iciar Bollain), who dreams of visiting the mysterious south of the nation. Almost as magical in her eyes is her father Agustin (Omero Antonutti), who used to be close to her but seems to be growing apart as the years pass. With family secrets eventually coming to the fore, Estrella struggles with nostalgia in order to enter adulthood. Originally structured as a longer epic, Erice’s gem is both haunting and lyrical. With subtitles.


Kingwood, Texas  Adopt a Dog

45 lb.
2 Years Old
Good with Kids: Yes
Good with Dogs: Yes
Good with Cats: Unknown
House Trained: Yes

Meet Joshua! We believe he is a2-year-old Shepherd/Doberman mix.  He was abandoned in a neighborhood and was very shy when he came to us.

At 45 pounds he is fully grown and already house and crate trained. He is excellent with dogs and children of all sizes. He still needs a little work with the leash, occasionally pulls on or chews the leash but is learning quickly. He is very smart and has learned basic skills such as sit. He is a gentle soul, so positive reinforcement is must with Joshua!  He needs a securely fenced in yard to play in and has to be supervised while outside as he will dig his way out if left alone for too long. He also LOOVES to run, and might make a good running partner.

Give him tons of attention, exercise him regularly and he will be an amazing addition to your family!

Joshua is looking for a home with another dog to play with and to bolster his confidence, a solid fence is required. Joshua does not like being alone so someone who works from home is preferred.

***** Please note that not every dog comes to every adoption day, so if you would like to meet a specific dog on adoption day, please contact us so we can make arrangements accordingly.

Adoption Applications are available at:

Twyla's Friends
Canine Rescue and Adoptions
526 Kingwood Drive
#321, Kingwood, Texas 77338
(832) 488 -7937

Adopt a Pet



Tom McCurnin Climbs Himalayas Photos/Comments
Says “I’m getting too old for this…”

 Look in the middle and you’ll see one of our jeeps
 on this very narrow road.

Private security contractors for VIP near Gilgit.
Note the WWII era machine gun.

This is Nanga Parmat one of the most difficult mountains in the Himalayans (actually the Hindu Indus range). It’s one of the most difficult not because of its height (only 20,000 feet) but because of its nearly vertical ascent. Nine attempts were made from this North face without success

Finally a Japanese team made it to the top on the West face. We climbed to 11,500 feet at its base and camped there in cabins. 25 degrees plus wind at the top of the base camp

The hike was made with (an upset stomach) for me and altitude sickness for Jodi. It just about killed us. I’m thinking I’m getting too old for this...


News Briefs----

GE’s New Management Mantra: ‘Little or No Meetings’
  working to decentralize the conglomerate’s decision making

Dell will again become a publicly-traded company
 in $22 billion buyout - founder/CEO Michael Dell remains in charge 

As Tesla Reaches Model 3 Production Targets,
  Short Sellers Have Lost $2.5 Billion

30 Cities Best Positioned for Long-Term Success
"certain cities have attributes that allow them to thrive..."




You May Have Missed---

Trump denies request to lower flags for newsroom victims


This Is Just To Say – A Poem by LeBron James

(Tribute to William Carlos Williams)

I have left your city
and the team
that you built
around me

and which
surely tore your heart out
to see so unexpectedly
on National Television

Forgive me
It felt so good
to go to a warm city
with good players



Sports Briefs---

DeMarcus Cousins Will Rehab His Career With One of the Best Teams Ever Assembled

Does DeMarcus Cousins make the Warriors unstoppable?

LeBron to the Lakers gives the Warriors the true rival they
    — and the NBA — need

LeBron James pal: Why he left, and Knicks didn’t have a shot

Giant LeBron banner set for removal
    following departure for Lakers – Jerseys 40% Off

Chiefs training camp questions:
  Can Patrick Mahomes take Kansas City to next level?

Forget the World Cup. On Saturday,
 the largest soccer crowd was in Atlanta


California Nuts Briefs---

Online sales tax ruling could bring
   'hundreds of millions of dollars' to California

Exclusive: Ghost Ship fire defendants agree
  to less than 10 years behind bars

Facebook creates three Bay Area job hubs
   of three million square feet



“Gimme that Wine”

Chinese Estates in Bordeaux Seized in Fraud Investigation

Trade War Worries for Winemakers

Napa County approves Boyd Family Vineyards Winery

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in History

    1731 - Birthday of Samuel Huntington (d. 1796) at Windham, CT. President of the Continental Congress, Governor of Connecticut, signer of the Declaration of Independence.
    1754 – During the French and Indian War, George Washington surrendered Ft. Necessity to the French. Earlier that year, Governor Dinwiddie commissioned Washington as a Lieutenant Colonel in the newly-formed Virginia Regiment and sent him on his second Ohio Country expedition to safeguard construction of a fort at Pittsburgh. Washington built an entrenched camp at Great Meadows, Pennsylvania which he called Fort Necessity and, with some of his militia and Native Americans, he ambushed the French on May 28 in the Battle of Jumonville Glen. There are discrepancies, but several primary accounts agree that the battle only lasted about 15 minutes.  The French responded by attacking Fort Necessity in a ten-hour battle which culminated in Washington's only surrender.
    1775 – George Washington took command of the Continental Army at Cambridge, MA.  The Army was formed by the Second Continental Congress by a resolution on June 14, 1775.  It was created to coordinate the military efforts of the Colonies in their revolt against the rule of Great Britain. The Continental Army was supplemented by local militias and troops that remained under control of the individual states or were otherwise independent.
    1776 - The first cocktail was said to have been made by Betsy Flanagan, a barmaid at Halls Corners, Elmsford, New York. The back of the bar was decorated with tail feathers. According to tradition, when an already inebriated customer called for a glass of “those cocktails,” she made him a mixed drink and put a feather
in it. In those days, whiskey was drunk straight, unless it was a “cocktail.”
    1778 - Iroquois and colonial Loyalists killed 360 Patriots in the Wyoming Valley Massacre in Pennsylvania. After the battle, settlers claimed that the Iroquois raiders had hunted and killed fleeing Patriots, before using ritual torture against 30-40 who had surrendered, until they died.
    1814 - Americans capture Fort Erie, Canada
    1819 - The first savings bank in the US, The Bank of Savings in New York City, opened for business.
    1839 - The first state normal school in the United States, the forerunner to today's Framingham State University, opened in Lexington, MA with three students.
    1848 - Slaves freed in Danish West Indies (now US Virgin Islands)
    1852 - Congress established the second mint, in San Francisco.
    1863 – The Battle of Gettysburg ended with Pickett’s Charge.  Ordered by General. Robert E. Lee against Union Gen. George G. Meade’s positions, its futility was predicted by the charge's commander, Lt. Gen. Longstreet.  It was arguably an avoidable mistake from which the Confederate war effort never fully recovered militarily or psychologically. The farthest point reached by the attack has been referred to as the high-water mark of the Rebels’ war effort.  The charge is named after Maj. Gen. George Pickett, one of three Confederate generals who led the assault under Longstreet.  Pickett's charge was part of Lee's "general plan" to take Cemetery Hill and the network of roads it commanded.   During a war council the night before, Meade correctly predicted that Lee would attack the center of his lines the following morning.  The infantry assault was preceded by a massive artillery bombardment that was meant to soften up the Union defense and silence its artillery but was largely ineffective. Approximately 12,500 men in nine infantry brigades advanced over open fields for three-quarters of a mile under heavy Union artillery and rifle fire. Although some Confederates were able to breach the low stone wall that shielded many of the Union defenders, they could not maintain their hold and were repulsed with over 50% casualties, a decisive defeat that ended the three-day battle and Lee's campaign into Pennsylvania.  Most disappointing to Lee was the lack of following of his strategy and command by “know-it-all” generals. When he was appointed by Jefferson Davis, the confederate generals of the day knew more than he, and many of Lee's main supporters had been killed or mortally wounded as they lead their men out in the front. Historians considered Lee was of the United States smartest military leaders, and his tactics and military thinking are still studied at West Point and admired by all world military commanders. He was a Virginian first. At the actual break of the war, he did not know which side to join, but followed the people he grew up with. The battle of Gettysburg was his downfall.
Longstreet's version of the third day:
    1871 - Contrary to a hoax going around the internet that railroad gauges are the same as Roman horse carts, nothing could be further from the truth, as many gauges were one of the problems of the modern day railroad system in Europe and America. The first narrow-gauge locomotive was constructed in Philadelphia by the Baldwin Locomotive Works. It was known as Engine No. 1, the Montezuma, and was first used by the Denver and Rio Grande Western Railroad Company. It had a 3-foot gauge, a length of 30 feet, and a total weight of 25,000 pounds.
    1878 - Birthday of George M. Cohan (d. 1942), American Composer/Songwriter, Providence, Rhode Island.  Perhaps best known for singing the song the British ridiculed the Colonials: “Yankee Doodle Dandy.”
Cohan made it patriotic!!! He also is remembered for “Your
a Grand Old Flag,” perfect for July 4th, this classic American song.
(bottom half of:
    1884 - Dow Jones & Co. published its first stock average. The company was founded in 1882 by three reporters:  Charles Dow, Edward Jones and Charles Bergstresser.  who, over two decades, conceived and promoted the three products which define Dow Jones and financial journalism: The Wall Street Journal, Dow Jones Newswires and the Dow Jones Industrial Average.
    1886 – Karl Benz officially unveiled the Benz Patent-Motorwagen, the first purpose-built automobile, that is, a vehicle designed to be propelled by an internal combustion engine.

    1890 - Idaho became the 43d State.   The state is appropriately shaped like a logger's boot, and loggings as well as mining are big industries in the state. But the state is probably best known for its potatoes. The state's name is thought to be an Indian name, Ee-dah-hoe, which means "gem of the mountains." Idaho has a rugged landscape with some of the largest unspoiled natural areas in the country. Boise is the capital and the state flower is the syringa.
    1895 - Start of Sherlock Holmes "The Adventure of Black Peter"
(Okay, not American History, but my favorite book. When I was eleven
years old I read the Complete Stories of Sherlock Holmes, which left an
impression on me until this day. )
    1898 - US Navy defeats Spanish fleet in Santiago harbor, Cuba.  Aboard the USS Brooklyn, Harry MacNeal is the only man to receive the Medal of Honor during the famous Naval battle of Santiago, becoming the LAST Marine of the war to earn our Nation's highest award
    1915 - Birthday of Jerry Gray (d. 1976), Boston. Arranger for Glenn Miller's “String of Pearls,” Shaw's “Begin the Beguine,” many others.
    1926 - Birthday of Johnny Coles (d. 1997), Trenton, NJ. &a=b
    1930 - Pete Fountain Birthday, born Pierre Dewey LaFontaine, Jr. (d. 2016), New Orleans.  American jazz clarinetist.
    1930 - Veterans Administration created.
    1934 - The first bank depositor to receive her share of the FDIC was a widow, Lydia Lobsiger. The corporation had been created by the Banking Act of 1933. The first payment to the Federal Deposit Insurance Corporation to deposition of a closed insured bank was a payment of 4125,000 to 1,789 depositors of the Fond du Lac State Bank of East Peoria, IL, which suspended business on May 28, 1934, and went into receivership on June 25, 1934.
    1940 - Cesar Leonardo Tovar n (d. 1994), baseball player born at Caracas, Venezuela. Tovar hit .278 over 12 major-league seasons, mainly with the Minnesota Twins. On September 22, 1968, he became the second player to play all nine positions in a single game. 
    1941- Duke Ellington records “Things Ain't What They Used to Be,” under the name of his lead altoist Johnny Hodges.
    1947 – Mere months after the debut of Jackie Robinson, the Cleveland Indians purchased the contract of outfielder Larry Doby from Newark Eagles of the Negro National League. Doby thus became the first black player in the American League. He would make his debut as a player on July 5.
    1952 - “Mr. Peepers” premiered. This sitcom was broadcast live and focused on mild-mannered junior high school science teacher, Robinson J. Peepers (Wally Cox). The cast also included Tony Randall, Georgann Johnson, Marion Lorne, Reta Shaw, Jack Warden and Ernest Truex. This half-hour series was a summer replacement, but it earned such positive reviews that it was brought back as a regular series. In 1954, TV Guide wrote that “Mr. Peepers ... comes close to being the perfect TV show.”
     1962 - Jackie Robinson, first Black baseball player in the Major Leagues, becomes the first African American to be inducted into the National Baseball Hall of Fame.
     1966 – Pitcher Tony Cloninger of the Atlanta Braves became the first player in National League history to hit two grand slams in the same game. He added a single to drive in 9 runs as the Braves beat the San Francisco Giants, 17-3.
    1974 - Tony Orlando and Dawn (Telma Hopkins and Joyce Vincent Wilson) were a recording trio in the early ‘70s, hosted a summer replacement for “The Sonny and Cher Show.” They became “regulars” during the 1975—76 season included Alice Nunn, Lonnie Schorr and Lynn Stuart. In fall of 1976, the show was renamed “Tony Orlando and Dawn Rainbow Hour” and included George Carlin, Edie McClurg and Susan Lanier.     
    1973 - Brothers Jim and Gaylord Perry face each other for only time, Tigers beat Indians 5-4, as Gaylord loses.
    1977 - The first magnetic resonance image, MRI, of a human body was made by Dr. Raymond Damadian, founder of the FONAR corporation in Melville, NY.
    1996 – “Independence Day" premiered. This was a year before
“Men in Black,” the first time Wil Smith saved the world. He is
one of my favorite personalities, from singer, comedian, to serious
actor. The movie was a blockbuster, doing $50.23 million in its debut weekend.
    1989 - The movie "Batman," set record of quickest $100 million (10 days).  
    1979 – President Carter signs the first directive for secret aid to the opponents of the pro-Soviet regime in Kabul.
    1988 – US warship USS Vincennes shot down Iran Air Flight 655 over the Persian Gulf, killing all 290 aboard.



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Bank Beat
Career Crossroads-Emily Fitzpatrick/RII
Charlie Chan sayings
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Credits and Collections 102
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Financial Technology 102
From the Desk of Michael Witt, Esq.
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The Secret of Our Success
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Top Stories

(chronological order)

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     Class Action Settlement for $5 Million
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   This May Prevent You from Being Licensed in the Future
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   in the State of California
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   Menkin has an Epiphany
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