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2004
ANNUAL CONFERENCE & EXPOSITION (ACE) If you are a former UAEL member and would like to attend the 30th anniversary party, please call Joe Woodley or email to: jwoodley@uael.org |
|
United
Association of Equipment Leasing
78120 Calle Estado, 201 La Quinta, CA. 92253 760.567.2227 / 760.564.2206 Fax |
Thursday
July 15,2004
Headlines---
Classified
Ads---Doc.Mgr/ Finance / Legal
July
16, 2002 Archives: AGLF loses 32% Membership
NorVergence
to Liquidate, Qwest to Turn Off 5pm
Fine
Resigns as EAEL President
StorageTek,
Key Equipment Finance
GFC
Leasing Selects LeasePak Portfolio Management System
Fitch:
U.S. Corporate Credit Recovery Gains Momentum
######## surrounding the article denotes it is a “press
release”
-------------------------------------------------------------------------------
Classified
Ads---
Documentation
Manager / Finance / Legal
Documentation
Manager: New York, NY.
10+ years in equipment
leasing/secured lending. Skilled in management & training, documentation,
policy and procedure development & implementation, portfolio reporting.
Strong work ethic.
Email: dln1031@nyc.rr.com
Finance: Chicago,
IL
Experienced in big ticket origination, syndication, valuation and workout. Twenty five years, MBA, CPA, JD, LLM (Tax), structuring specialist. Inbound and outbound transactions.
Email: pal108381@comcast.net
Website: www.tlgattorneycpa.com
Finance: Austin,
TX.
20+ years all facets
of lease/finance. Collection and credit management. Equipment &
rolling stock structuring. $150k credit authority, $100 million portfolio
management.
Email: texmartin@juno.com
Finance: Lyndhurst,
NJ
CFO w/20+ years leasing/financing. Respected by lenders/rating agencies full & fair financial reporting. Outstanding record restructuring debt. Adept at investor relations and mentoring people.
Email: joemcdev@aol.com
Finance: San
Jose, CA.
15+ years sourcing
debt, managing cash and receivables and other treasury functions. Strong
background in credit, contract
Email: raycis@comcast.net
Legal: Los
Angeles, CA
Experienced in-house corporate and financial services attorney seeks position as managing or transactional counsel. Willing to relocate.
Email: sandidq@msn.com
Full listing of all “Job Wanted” ads available at:
http://64.125.68.90/LeasingNews/JobPostings.htm
These are free advertisements.
Now pictures may be added,
plus resume, and
links to web sites and/or blogs.
----------------------------------------------------------------------
July 16, 2002
Archives:
Association
of Government Leasing and Finance Loses 32% Membership
The association went
from 250 members in June of last year to 343 at the end of last year.
According to the new Executive Director, Graham Hauck, as of June, 2002
it stands at 232.
AGLF was founded
in 1981 to serve municipal leasing industry. Publishes Bi-monthly newsletter;
sponsors 2 annual conferences; 50-state leasing survey; federal leasing
survey; and conducts numerous industry projects.
Two types of membership:
regular member - private sector organizations active in leasing/finance;
governmental member - any state, territory, US possession, District
of Columbia, or political subdivision of above.
Dues information:
As many people as
would like to from any one company may join. One person must be designated
the Regular Member and pay $650/year dues. The other members are designated
Additional Members and pay $150/year dues.
Non-members are very
welcome at our conferences. For registration materials, they can call
202.742.AGLF (2453) or email 202.742.AGLF (2453)
“Jorie Lagerwey (
former executive director ) no longer works here. Please make a note
of the new address for AGL&F, since May 2001, located at the bottom
of this email. This may be the cause of returned mail.
“232 Members
“Also, I will add
you to our email newsletter so that you can be
better informed of
our activities.
Cordially,
--
Graham Hauck
Executive Director
Association for Governmental
Leasing and Finance
1255 23rd Street,
NW
Washington, DC 20037
202.742.AGLF (2453)
fax: 202.833.3636
email: gsh@aglf.org
http://two.leasingnews.org/archives/July2002/7-16-2002.htm
------------------------------------------------------------------------
NorVergence
to Liquidat
Telecom End User Newsletter
(for more specific
information, we recommend you sign
their web site. editor
)
Qwest to Terminate
Norvergence Customers at 5PM Eastern Thursday, July 15th ( at press time )
Letter from:
SIGMUND J. FLECK
E-Mail: sfleck@weirpartners.com
Law Offices WEIR
& PARTNERS LLP Suite 500, The Widener Building 1339 Chestnut Street
Philadelphia, PA 19107-3501
h (215) 665-8181 Fax (215) 665-8464
NEW JERSEY OFFICE
20 Kings Highway West Haddonfield, NJ 08033-2116 (856) 740-1490 Fax
(856) 740-1491
DELAWARE OFFICE 824 Market Street Mall Suite 1001 PO Box 708 Wilmington,
DE 19899-4939 (302) 652-8181 Fax (302) 652-8909
July 14, 2004
Via Email
Daniel Baldwin President Telecom Association, Inc.
31500 Grape Street,
No. 3-307
Lake Elsinore, CA
92532
Re: In re Norvergence
Dear Dan:
Report from Court: The hearing just closed. The court has converted
the case to chapter 7 liquidation and is putting in a trustee. Qwest
will be permitted to shut down its lines at 5:00 Eastern (Thursday,)
assuming the trustee is in place today. We approached T-Mobile and Sprint,
and they are going to make a proposal to keep the cell customers. We
will follow with additional updates as soon as we can.
Very truly yours,
Sigmund J. Fleck
SJF/mys
The following TAA
members are providing express conversion services to Norvergence customers:
877-261-3615 KeaneTel
888-893-8755 TBI
800-233-8258 x116
CMS
888-723-0411 Zirvo
800-225-5862 TMC
888-396-7182 Bandwave
800-747-1702 Reynwood
201-833-4091 TelcoMaven
Full information
available at;
http://elistpros.bm23.com/x/preview.php?m=27152&k=
9a381c15&sid=6060640&esid=eZN7
Meanwhile Class Action
suits have started, including a group to
break thirty party
lease contracts:
http://finance.groups.yahoo.com/group/TheAberdeenKid/
In addition to New
Jersey Channel 12 reader’s hotline, a national
group is communicating:
http://www.dslreports.com/forum/remark,10701226~mode=
flat?hilite=norvergence
If you have been
on vacation and missed the news about
NorVergence, please
go here:
http://www.leasingnews.org/Conscious-Top%20Stories/Novergence_main.htm
#### Press Release
##############################
Fine
Resigns as EAEL President
The Eastern Association
of Equipment Lessors ("EAEL") reports today that its Board
of Directors has accepted the resignation of Robert Fine from the position
of President for personal reasons. Bob has been President since April,
2003. The Board has elected Arnold J. Hoegler, its past President (April,
2001 through May, 2003) as its President to lead the EAEL until the
next President is elected in April, 2005.
(Editors note: Fine
was the NorVergence director of bank and leasing
strategic alliances---the
liaison for funding sources. He is also listed as president of NorVergence
Capital, a wholly-owned financial services subsidiary of Norvergence
Inc., a telecom services solution provider with headquarters in Newark,
NJ. It is claimed that NorVergence profits came
from selling leases warehoused here on their private
label program and
then sold to thirty party funding sources, such
as community banks
and leasing companies including US Bancorp,
among others.
Leasing News has
been writing about NorVergence and what readers
have been warning
for almost two years. Here is our October 9, 2003 cartoon, headlined: Robert J. Fine:
"We wish Bob
well and thank him for his time spent leading this Association for the
last 15 months and his service on the Board since 1996", stated
Alison Pryor, Executive Director. "Arnie's experience and ongoing
commitment to the EAEL will maintain the Association's high level of
service and dedication to its members," she said.
"I am very proud
to serve this fine Association of leasing and finance professionals
once again" Arnie said. "I have confidence that the current
challenges facing our industry will be overcome by the same hard work,
good ideas and great people that have worked for us in the past."
The EAEL Board expects
to meet again this week to plan for upcoming events including Expo,
which will be held this year on September 27, 2004 in Teaneck, New Jersey.
Expo is widely recognized as one of the best and most successful one-day
events in the leasing industry. It is open to EAEL members and non-members
alike and it is frequently referred to as the only must-attend event
of the year for anyone interested in the leasing industry.
About Eastern Association
of Equipment Lessors
The EAEL is a non-profit
trade association serving its members in the equipment leasing industry.
The mission of the EAEL is to serve the interests of its members in
the equipment leasing industry and to provide educational, professional
and networking opportunities.
Website: http://www.eael.org
Eastern Association
of Equipment Lessors
Alison Pryor
Executive Director
amfnyc@eael.org amfnyc@eael.org
Classified
Ads---Help Wanted
Account
Executive
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About
the Company: Bank
of Blue Valley is a locally owned community bank with $600 million
in assets. We are one of the leaders in the Kansas City financial
community. Our bank offers true community banking with services, |
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Business
Development Office
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Business Development Officer,leasing exp.,min 3 yrs business & direct sales exp. Banking procedure knowledge helpful. Gilroy, CA location, serving four surrounding counties. E-mail valdezd@1stnational.com or see Career Opportunities www.pcbancorp.com About the Company: Pacific Capital Bancorp is a $5+ billion, multi-bank holding company dedicated to providing an enduring network of community banks on the Central Coast of California. This unique partnership of independent banks provides customers in six California counties with the financial strength and product diversity of a big bank, delivered with the responsiveness and personalized attention of a local community bank. |
Marketing
Indirect Origination
 MARKETING INDIRECT ORIGINATION: New York. One of the largest ind. equip.lessors needs motivated, self-starter to purchase single investor leases from institutional investors; min.transaction $1 million; portfolio of primarily investment grade lessees/good "story credits". Min 3 yrs exp. sourcing/ originating leasing transactions, knowledge of credit and pricing. E-mail: jobposting1@leasingnews.org |
Sales
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Sales: Established 20-year
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Port Leasing Sales Officer - Port of Long Beach:
conducts/oversees negotiations for leases, permits, property acquisition;
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Recruitment brochure |
__________________________________________________________________
### Press Release
########################################
STORAGETEK,
KEY EQUIPMENT FINANCE RENEW LEASING PARTNERSHIP
Superior, Colo. Key Equipment Finance, the nation¹s
fourth-largest bank-held
equipment leasing company and an affiliate of
KeyCorp (NYSE: KEY),
announced that it has renewed a long-standing program agreement with
StorageTek (NYSE: STK), a global leader in information lifecycle management
solutions. Under the agreement, which has been in place since 1996,
Key Equipment Finance will continue to provide StorageTek customers
with equipment financing under the name StorageTek Financial Services
Corporation.
As StorageTek¹s primary
customer finance partner, Key Equipment Finance will provide lease-financing
options to StorageTek customers worldwide. By offering an in-house customer
finance solution, StorageTek provides business
customers with convenient
and customized financing, tax benefits, upgrade flexibility and improved
asset management.
"Implementing
an end user finance program is one of the factors that has helped StorageTek
increase sales, improve cash flow and strengthen the balance sheet. The program has enabled us to deepen customer
relationships as well," said Robert Kocol, chief financial officer,
StorageTek. "The experts at Key Equipment Finance are knowledgeable,
dedicated and know our business inside and out. The success of our finance
program is due in large part to their commitment to our partnership."
Equipment manufacturers
that provide their customers with a finance option often realize accelerated
sales productivity, improved profitability and enhanced account control.
Additionally, manufacturers that offer financing and leasing as part
of the complete solution often report increased customer satisfaction
and better control of equipment in the aftermarket.
"StorageTek
is committed to providing a complete life-cycle storage solution to
its customers, and has experienced first-hand the value of a finance
offering as part of the total customer solution," said Karen Larson,
president and chief operating officer of Key Equipment Finance¹s global
vendor services unit. "We are proud to partner with a global leader
such as StorageTek, and look forward to continuing this mutually beneficial
partnership."
StorageTek is a $2
billion global company that enables businesses, through its information
lifecycle management strategy, to align the cost of storage with the
value of information. The company's innovative storage solutions manage
the complexity and growth of information, lower costs, improve efficiency
and protect investments. For more information, see www.storagetek.com,
or call 1.800.786.7835.
TRADEMARKS: StorageTek
and the StorageTek logo are registered trademarks of Storage Technology
Corporation. Other names mentioned may be trademarks of Storage Technology
Corporation or other vendors/manufacturers.
About Key Equipment
Finance
Key Equipment Finance
is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-business
equipment financing solutions to businesses of many types and sizes.
They focus on four distinct markets:
· businesses of all sizes in the U.S. and
Canada (from small business
to large corporate);
· equipment manufacturers, distributors and
value-added resellers
worldwide;
· federal, provincial, state and local governments
as well as other
public sector organizations;
and
· lease advisory services for manufacturers'
captive leasing and finance companies.
Headquartered outside
Boulder, Colorado, Key Equipment Finance manages a $10 billion equipment
portfolio with annual originations of approximately $3.9 billion. The
company has major management and operations bases in Toronto, Ontario;
Albany, New York; London, England; and Sydney, Australia. The company,
which operates in 24 countries and employs more than 600 people worldwide,
has been in the equipment financing business for more than 30 years.
Additional information regarding Key Equipment Finance, its products
and services can
be obtained online at KEFonline.com.
Cleveland-based KeyCorp
is one of the nation's largest bank-based financial services companies,
with assets of approximately $84 billion. Key companies provide investment
management, retail and commercial banking, consumer finance, and investment
banking products and services to individuals and companies throughout
the United States and, for certain businesses, internationally. The
company's businesses deliver their products and services through KeyCenters
and offices; a network of nearly 2,200 ATMs;
telephone banking
centers (1.800.KEY2YOU); and a Web site, Key.com,® that provides account
access and financial products 24 hours a day.
CONTACT: Kris Kitto, Barnhart
(303) 626-7216
#### Press Release
#############################
GFC
Leasing Selects LeasePak Portfolio Management System
BURLINGAME, CA, --
McCue Systems Inc. announces the addition of GFC Leasing of Madison,
Wisconsin to its customer roster. GFC Leasing, a division of the Gordon
Flesch Company, extends its financing services beyond the parent company's
traditional lines of office equipment to include a variety of products,
ranging from security systems to landscaping equipment as well. Seeking
to grow their business, GFC Leasing needed a system that would provide
flexibility to support their business objectives as well as meet their
technical requirements.
According to Rollie
Schultz, Vice President of GFC Leasing, "We were looking for a
technology partner who could offer us the kind of depth in equipment
leasing that we bring to our customers. With McCue, we saw that we were
getting a lot more than a cost-efficient portfolio management system;
they offered us a quality of business partnership that will help us
realize the full potential of our LeasePak portfolio management system."
Like McCue Systems,
GFC Leasing has 30-plus years of leasing experience. The company's goal
is to become a valuable partner in the growth of their customers by
offering leasing choices at every step, to accommodate their customers'
unique and changing needs, and to provide equipment that is essential
to their day-to-day operations in the most cost effective way.
In welcoming GFC
Leasing to the LeasePak client community, McCue Systems' CEO John McCue
stated, "We are proud that a company with such a depth of experience
in the equipment leasing industry would choose McCue Systems as its
business solutions provider. With their selection of the LeasePak Bronze
Edition, GFC Leasing will be able to achieve new levels of operational
efficiencies with a system that offers virtually unlimited scalability."
Implementation of
GFC's LeasePak installation is currently under way, under the guidance
of McCue Systems' VP of Client Consulting Services Mike Miller, Sr.
Project Manager Dave Thommen, and Sr. Business Analyst Rose Taraskavage.
About GFC Leasing
J.K. GFC Leasing
is a division of the Gordon Flesch Company, a family-owned and operated
business since 1956. Operating in a three-state market within the Midwest,
the Gordon Flesch Company has seven branch locations, 15 satellite offices,
and over 800 associates to serve a growing customer base. Built on a
relationship approach to business rather than a sales focus, the company
has become one of the largest independent providers of office equipment
in the country.
For further information,
please contact: info@gfcleasing.com or visit www.gfcleasing.com.
About McCue Systems
With over 30-plus
years of experience in developing business solutions for the leasing
industry, McCue Systems Inc. is the leading provider of lease/ loan
portfolio management software for banks, leasing companies, and manufacturers.
Its flagship product, LeasePak, simplifies lease/loan administration
and asset management by accurately tracking leases, loans, and equipment
from origination through end-of-term and disposition.
McCue Systems leads
the leasing technology industry in the development of Web-enabled and
Web-based tools to deliver superior customer service, reduce operating
costs, streamline the lease management lifecycle, and support collaboration
with origination channel and asset partners. Alone in the industry,
McCue Systems offers a Web-based front-end system that integrates fully
with the system’s back-office database architecture.
By harnessing the
most advanced technologies, McCue Systems can offer the right operating
platform for almost any enterprise. LeasePak can be configured to run
on HP-UX, SUN/Solaris or Linux as well as for Oracle and Sybase users.
And, for unmatched scalability, McCue Systems offers the LeasePak Bronze,
Silver, and Gold Editions for systems and portfolios of virtually all
sizes and complexities.
The leasing experts
at McCue Systems work closely with lessors to put the company’s leasing
expertise to work to streamline lease operations and enhance customer
retention at every stage of the lease lifecycle.
For further information,
please contact:
Andrew Lea, Director,
Marketing & Corporate Communications
McCue Systems Inc.
111 Anza Boulevard,
Suite 310
Burlingame, CA 94010
650-348-0650 Ext 1171
andrewl@mccue.com
### Press Release #############################
Fitch:
U.S. Corporate Credit Recovery Gains Momentum
With increasingly
more U.S. economic indicators pointing to an expansion, it is no surprise
that corporate credit quality is also making visible gains in 2004.
Corporate defaults and downgrades have receded and upgrades have become
more visible across the rating spectrum. Fitch Ratings has just released
a new study designed to gauge how far U.S. companies have come in repairing
their credit profiles over the past year relative to financial performance
during the boom and bust years of 1999 - 2002.
While volatile energy
costs, rising interest rates, and the war in Iraq, among others, continue
to pose risks, there is no denying that the U.S. corporate credit recovery
is well underway. "Leverage is declining, revenue and cash flow
continue to expand, and more companies across more sectors are participating
in the stronger results," said Mariarosa Verde, managing director,
credit market research, Fitch Ratings.
The study focuses
on key credit and financial measures compiled from a rich sample of
402 U.S. industrial companies rated 'A' to 'BB'. The aggregate par value
of this group's public bonds totaled close to a trillion dollars at
the end of the first quarter of 2004, or approximately 60% of all U.S.
non financial outstanding corporate bonds. Among the study's findings:
Revenue and profit
growth rather than shrinking debt balances have driven leverage down
over the past year; The recovery's breadth is broadening. In the first
quarter of 2004, 84% and 73% of companies in the Fitch sample reported
increases in revenue and EBITDA, respectively, compared with the first
quarter of 2003. This was up from previous quarters and was significantly
higher than the year over year lows of 46% and 43% recorded for revenue
and EBITDA, respectively, in 2002;
Fewer companies have
been adding debt compared with the late 90's boom, but not enough have
been cutting back to cause debt overall to significantly contract. However,
with revenue and cash flow on the upswing, leverage has declined overall.
Debt/EBITDA, for example, was down 6% in the first quarter of 2004 compared
with a year earlier. Further, Net Debt/(EBITDA - CAPEX) fell to levels
not seen since 1999, driven by continuing CAPEX restraint among corporate
borrowers and a huge build-up of cash reserves;
Cost cuts and profitability
gains have pushed cash on balance sheet to remarkable levels, especially
when viewed relative to operating cash flow and debt. For the Fitch
sample, cash on balance sheet grew 84% from early 2001 through early
2004. Also, the ratio of cash to operating cash flow hit 82% in the
first quarter of 2004 compared with just 53% in early 1999. Relative
to total debt, cash on balance sheet totaled 21% of debt in early 2004
compared with 15% in early 1999. Further, cash on balance sheet exceeded
trailing twelve month CAPEX by a margin of 1.6 to 1 at the end of the
first quarter. In other words, companies surveyed could potentially
fund more than a full year of CAPEX without taking on additional debt;
The least appealing
option from the point of view of creditors and the most probable in
a strong economy is that some of the cash will be used to reward shareholders
- in fact, evidence of this has already emerged over the past year.
Cash dividends, for example, have trended consistently higher since
mid 2003. Fitch believes that as management attention turns increasingly
to growth and shareholder returns, cash balances are sure to dwindle.
While cash reserves greatly alleviate liquidity concerns, they generally
do not lead to upgrades. Cash is a low yielding asset, and furthermore
it is a volatile asset - management has substantial discretion in its
use.
Full Report here:
http://www.fitchratings.com/corporate/reports/report.cfm?rpt_id=214618
Press Release###############################
|
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News
Briefs
Retail Sales Fall 1.1 Percent in June
http://www.washingtonpost.com/wp-dyn/articles/A50170-2004Jul14.html
Technical Analysis: The Freef
http://www.internetnews.com/bus-news/article.php/3381351all
Continues
U.S. Treasury says
likely to hit debt limit in Oct
http://channels.netscape.com/ns/news/story.jsp?id=20040714174800023
48749&dt=20040714174800&w=RTR&coview=
Fed study: House-price
growth to slow
http://www.usatoday.com/money/economy/housing/2004-07-14-fed-housing-prices_x.htm
Bank of America 2Q
profit rises 41 percent
http://www.boston.com/business/articles/2004/07/14/bank_of
_america_profit_up_about_41_percent/
AMD reports record
revenues
http://www.mercurynews.com/mld/mercurynews/business/
9154277.htm?ERIGHTS
=9046703224754043361mercurynews::kitmenkin@
leasingnews.org&KRD_RM=
8oppqqutwvrusqvxuqpooooooo|Kit|N
Apple Computer Inc.
Profits Soar
http://www.washingtonpost.com/wp-dyn/articles/A50719-2004Jul15.html
Harrah's to Buy Caesars
for $5.2 Billion
http://www.washingtonpost.com/wp-dyn/articles/A50743-2004Jul15.html?nav=headlines
------------------------------------------------------------------------
“Gimme
that Wine”
Once Out of Reach,
Now Today's Special—Eric Asimov
http://www.nytimes.com/2004/07/14/dining/14POUR.html
A wine, by any other
name, can sell better
http://msnbc.msn.com/id/5378751/
New Wines, New Faces:
Donum Estate Shows Gift for Pinot Noir
http://www.winespectator.com/Wine/Daily/News/0,1145,2533,00.html
Kathryn Hall Vineyards
Purchases St. Supéry's Hardester Property
http://www.winespectator.com/Wine/Daily/News/0,1145,2537,00.html
Collapse of a congressman's
winery sparks claims of unfair deals
http://www.kesq.com/Global/story.asp?S=2034086
Radanovich's tangled
winery deals need official sorting out.
http://www.fresnobee.com/opinion/story/8841128p-9729308c.html
Radanovich responds
to Bee stories on winery
http://www.fresnobee.com/local/story/8845361p-9733868c.html
Wineries popping
up across north-central Washington
http://seattlepi.nwsource.com/local/aplocal_story.asp?category=
6420&slug=WA%20Booming%20Wineries
5 bargain wines worth
sipping
http://www.azcentral.com/home/wine/articles/0714tarbell14.html
1099- The Muslim citizens of Jerusalem surrendered
their city to the armies of the First Crusade. The Crusaders then proceeded,
through misguided religious zeal, to massacre thousands of unarmed men,
women and children.” The western sources are briskly uncontrite in their
descriptions of the carnage, indicating that the chroniclers were no
more dismayed than were the perpetrators. But the Muslim world would
never forget or forgive the Crusaders' behavior. Jerusalem was a holy
city to the Muslims as much as it was to the Christians. The looting
of sacred shrines and the slaughter of innocents confirmed the general
Muslim opinion that the Westerners were savage barbarians with no faith
at all save in blood and wealth. “
http://www.fidnet.com/~weid/crusadesII.htm#basic
http://www.fordham.edu/halsall/basis/AnnaComnena-Alexiad11.html
1779-birthday of Clement Clarke Moore, American author and teacher, best remembered for his popular verse, “ A Visit from Saint Nicholas,” ( “Twas the Night Before Christmas”), which was first published anonymously and without Moore’s knowledge in a newspaper, December 23,1823. Moore was born at New York, NY, and died Newport, RI, July 10,1863.
http://urbanlegends.about.com/library/weekly/aa121097.htm
1779-The first medal awarded by the Continental Congress to a “foreigner” was a silver medal present to Lieutenant Colonel Francois Louis Teisseidre de Fleury, who commanded the first of the storming parties in the assault upon Stony Point, NY, on July 15,1779. He was the first man to enter the main fort and strike down the British flag with his own hands. Fleury, who had been in the French military service, joined the Continental Army in 1777. Lieutenant Colonel Francois Louis Teisseidre de Fleury
http://www.army.mil/cmh-pg/books/revwar/contarmy/CA-06.htm
1779-African-American Pompey Lamb, noted spy, aids the American Revolutionary War effort.” Blacks were also used effectively as spies by the Continental Army. The most notable was Pompey Lamb, who opened the way for the capture of Stoney Point by General Anthony Wayne, on July 15, 1779.”
http://hallkidshistory.com/united_states/360.shtml
1792-the
first major bridge built was the West Boston Bridge, connecting Boston,
MA, and Cambridge, MA. It opened November 23,1793 after costing $76,000.
The toll right was granted to the proprietors for 70 years.
1822—public
schools for Blacks open in Philadelphia.
1837
-- US: Smallpox epidemic reaches the Mandan in Dakota Territory; out
of 1,600 people, only 125 survive:
Russell Freedman describes the epidemic:
"The
Mandans were the first to be stricken, followed in swift succession
by the Hidatsas, the Assiniboins, the Arikaras, the Sioux, and the Blackfeet."
In
the 17th century, there were 30,000 Narragansett in Massachusetts. Their
chief Miantonomo, "sensing danger, . . . sought to build on his
Mohawk alliance to create a general Amerindian resistance movement."
He is reported to have said to the Montauk in 1642: "We [must]
be one as they [the English] are, otherwise we shall all be gone shortly,
for you know our fathers had plenty of deer and skins, our plains were
full of deer, as also our woods, and of [turkeys], and our coves full
of fish and fowl. But these English having gotten our land, they with
scythes cut down the grass, and with axes fell the trees; their cows
and horses eat the grass, and their hogs spoil our clam banks, and we
shall all be starved."
http://www.watchtower.org/library/g/1996/9/8/how_their_world_was_lost.htm
1850—Birthday
of Frances Xavier "Mother" Cabrini - Italian-born U.S. nun.
FXC, an amazing organizer, Cabrini was canonized by the Roman Catholic
Church.
She founded 67 institutions such as orphanages,
hospitals, and girls' schools and did remarkable work with the poor
in major American cities. She is now unique in New York in being
the only saint whose entire body is on display for the faithful. Her
body was laid to rest forever under the alter in the Chapel at Mother
Cabrini High School. (The saint's head is at another location in Italy.)
1862-Major
David Hunter declares Blacks are no longer slaves in Georgia, Florida,
South Carolina. President Lincoln annuls the order saying basically
it
wasn’t “official.” The first
black troops were organized by Major General David Hunter in the Union’s
First Carolina Regiment. Many
of the soldiers were former slaves. In August, General Jim Lane, an
abolitionist and who some called and outlaw and renegade, over the opposition
of Secretary of War Edwin Stanton, organized a black regiment in Kansas.
General Benjamin Butler also reversed his position and decided to recruit
free blacks, however, no one asked the recruits whether they had been
free men of slaves before the war. Despite War Department specific approval,
General Butler quickly mustered into federal service the 1st, 2nd, and
3rd Regiments of the Louisiana Native Guards. It was reported that the
commanders of the units had offered their services to the Confederacy
and was turned down. The leaders, Free Persons of Color, were wealthy,
well educated, property owners, and some were slave owners, and at the
time while offering their services to the Confederacy were afraid the
Union forces would confiscate their property.
http://www.coax.net/people/lwf/hisusct.htm
http://www.coax.net/people/lwf/usct.htm
http://www.coax.net/people/lwf/beau_nat.htm
1867---Birthday
of Maggie Lena Walker - U.S. banker. She was the daughter of a former
slave who devoted her time to black fraternal and cooperative insurance
organizations. Through her very keen business acumen, MLW
created one of the greatest black- owned banks in the nation, the Penny
Savings Bank in Richmond, Va.
http://www.websn.com/Pride/Pride/maggie_lena_walker.htm
http://www.distinguishedwomen.com/biographies/walker-ml.html
http://www.nps.gov/malw/details.htm
http://mdmd.essortment.com/maggielenawalk_rglv.htm
1904-Birthday
of Dorothy Fields - U.S. lyricist and producer who was elected to the
Songwriters' Hall of Fame in 1971, the first woman so honored. Some
of her songs are "I Can't Give You Anything But Love," "On
the Sunny Side of the Street," "I'm in the Mood for Love,"
"Lovely to Look at," and "The Way You Look Tonight."
The way you look garnered Fields the 1936 Academy Award. She
wrote almost 400 songs as well as books for Broadway shows including
Annie Get Your Gun. She won a Tony and Grammy for her work on
Redhead (1959). She also produced such Broadway musicals as Sweet Charity
and Seesaw.
http://www.dorothyfields.co.uk/
http://www.nodanw.com/biographies/dorothy_fields.htm
1910-birthday of Sam Washboard ( Robert Brown ), famous washboard player, Walnut Ridge, AR
http://www.blueflamecafe.com/index.html
1913-the first US Senator elected by popular vote was Augustus Octavius Bacon, Democrat of Georgia. The passage of the 17th amendment to the Constitution called for elections, before that they were appointed by the state legislature. The first general election by popular vote took place on November 4, 1913.
http://www.sacklunch.net/biography/B/AugustusOctaviusBacon.html
http://bioguide.congress.gov/scripts/biodisplay.pl?index=B000014
1918-General
Erich Ludendorff launced Germany’s fifth, and last, offensive to break
through the Chateau-Thierry salient. This all-out effort involved three
armies branching out from Rheims to cross the Marne River.
The Germans were successful in crossing the Marne near Chateau-Thierry
before American, British, and Italian divisions stopped their progress.
Only July 18, General Foch, Commander-in Chief of the Allied troops
launched a massive counteroffensive that resulted in a German retreat
that continued in four months until they sued for peace in November.
1919-
legendary bebop pianist Sadik Hakim was born in Duluth, Minnesota. In
the 1940's, Hakim played in New York with Ben Webster and Lester Young,
and recorded with Charlie Parker. Hakim moved to Montreal in 1949 and
played with Louis Metcalf's International Band. After further stints
in the US with such musicians as James Moody and Buddy Tate, Hakim returned
to Montreal in 1966. He was a frequent performer in both Montreal and
Toronto, and on CBC radio broadcasts. Hakim became a Canadian citizen
in 1972 before returning to New York four years later. He died on June
20th, 1983.
1923-Drummer Philly Joe Jones birthday
http://members.tripod.com/~hardbop/philly.html
http://www.wnur.org/jazz/artists/vandermark.ken/interview-19980501.html
http://www.btinternet.com/~rubberneck/special.html
1929—birthday of guitarist/author Francis Bebey.
http://africanmusic.org/artists/bebey.html
http://web.uflib.ufl.edu/cm/africana/bebey.htm
http://www.africaexpert.org/people/data/person1980.html
1939--
National League president Ford Frick orders two-foot screens affixed
inside all foul poles after Billy Jurges of the Giants and umpire George
Magerkurth spit at each other after a foul ball call down the left field
line is disputed at the Polo Grounds. The American League will soon
follow the Senior Circuit lead and will also install foul ball screens.
1941-Glenn
Miller, with Modernaires, cuts “Juke Box Saturday Night.”
1946-
singer Linda Ronstadt was born in Tucson, Arizona.
She first gained attention in 1967 as a member of a trio called the
Stone Poneys. That was the year she had a top 20 hit with "Different
Drum," a song written by Mike Nesmith of the Monkees. The Stone
Poneys soon broke up, and Ronstadt's solo career floundered for nearly
five years until Peter Asher, formerly of the British duo of Peter and
Gordon, became her manager. Under Asher's direction, she recorded the
album "Heart Like a Wheel," a mixture of oldies and contemporary
material, in 1974. The LP proved to be her commercial breakthrough,
becoming the first of a dozen gold and platinum albums.
Ronstadt reached the height of her popularity at the end of the 1970's
when her LP "Living in the USA" surpassed the million mark
in sales. At the time, she was a constant companion of California Governor
Jerry Brown.
Ronstadt continued her success into the '80s with the LP "Mad Love,"
two popular albums of big band ballads and "Cry Like a Rainstorm,
Howl Like the Wind," a collaboration with Aaron Neville
http://www.ronstadt-linda.com/
1948—Today
in History salutes General John J. Pershing, only the second commander
of the armies, World War I hero, also known as “Black Jack” for having one of
the first segregated army units in 1886, especially for his open admiration
for the African-Americans under his command.
http://memory.loc.gov/ammem/today/jul15.html
1954
- The temperature at Balcony Falls, VA, soared to 110 degrees to establish
a state record
1956---Top
Hits
The
Wayward Wind - Gogi Grant
My
Prayer - The Platters
Hound
Dog/Don’t Be Cruel - Elvis Presley
I
Want You, I Need You, I Love You - Elvis Presley
1959-
the Queen Elizabeth Theatre in Vancouver was as Goldschmidt, with soloists
Betty-Jean Hagen, violin, and soprano Lois Marshall. The theatre was
actually first used four days earlier for a concert by the Vancouver
Symphony.
1960 Giant Willie McCovey 'invisible triple' causes the umpires to call a twenty-four minute fog delay at Candlestick Park, but the Dodgers go on to win 5-3.1963-Count Basie and Ella Fitzgerald record “ Ella and Basie” album for Verve, oneof Barbara Lowe’s favorites.
http://www.amazon.com/exec/obidos/ASIN/B0000046SO/102-8917386-9557756
1964---Top
Hits
I
Get Around - The Beach Boys
Memphis
- Johnny Rivers
Rag
Doll - The 4 Seasons
My
Heart Skips a Beat - Buck Owens
1966
- Singer Percy Sledge earned a gold record for "When a Man Loves
a Woman". It was his only song to make it to number one (5/28/66)
and the only one of five to break into the top ten.
1968-A
Soviet Aeroflot jet landed at Kennedy Airport at New York, NY, and the start of direct
commercial air flight between the US and the then USSR began.
1968-“One
Life to Live” premiered on TV. Set
in a fictional Pennsylvania town, the show was created by Agnes Nixon
to depict the class and ethnic struggles of the down’s denizens. The
initial cast featured many Jewish, Polish, and African American characters.
The show departed from inter-ethnic storytelling in the 1980’s for far
more fantastic adventures set in locals such as heaven, the old west,
and a futuristic mountain silo called Eternia. Since then, the show
has returned to its strengths of traditional storytelling by featuring
Latino and African American
actors as integral characters. Award-winning
actress Erika Slezak heads the cast a the venerable Viki Lord Riley
Buchanan Carpenter, the town’s matron with five alternate personalities. Among those who have appeared on “OLTL” are
Tom Berenger, Judity Light,Robert Desiderio, Tommy Lee Jones, Laurence
Fishburne, Jameson Parker, Phylis Rashad, Christine Ebersole, Richard
Grieco, Blain Underwood, Joe Lando, Audrey Landers, Christian Slater
and Yasmine Bleeth.
1972---Top
Hits
Lean
on Me - Bill Withers
Too
Late to Turn Back Now - Cornelius Brothers & Sister Rose
Brandy
(You’re a Fine Girl) - Looking Glass
Made
in Japan - Buck Owens
1973-San Francisco Giant’s Willie
McCovey becomes 15th to hit 400 HRs.
1973- Angel Nolan Ryan pitches his second no-hitter
of the season defeating the Tigers, 6-0 in front of 41,411 fans in Detroit.
Ump Ron Luciano doesn't permit Norm Cash to use a piano leg instead
of a bat in the ninth inning.
1980- pop stars Linda Ronstadt and Rex Smith opened
at the New York Shakespeare Festival in a production of Gilbert and
Sullivan's "The Pirates of Penzance." The production moved
to Broadway in 1981, and Ronstadt and Smith both starred in a later
movie version.
1980---Top
Hits
Coming
Up - Paul McCartney & Wings
It’s
Still Rock & Roll to Me - Billy Joel
Little
Jeannie - Elton John
You
Win Again - Charley Pride
1986- Columbia Records dropped country star Johnny
Cash after 28 years. Cash had not had a solo top-ten hit since "The
Baron" in 1981. But he was a member of "The Highwaymen"
quartet with Waylon Jennings, Willie Nelson and Kris Kristofferson that
hit the top of the country charts in 1985. Cash signed a new recording
contract with Polygram later in '861987 - Unseasonably cool weather
spread into the south central and eastern U.S. Fifteen cities reported
record low temperatures for the date, including Houghton Lake, MI, with
a reading of 37 degrees. The high temperature for the date of 58 degrees
at Flint, MI, was their coolest of record for July. Thunderstorms spawned
several tornadoes in Illinois and Indiana, injuring a cow near Donovan,
IL
1988--
For the second time this season, Red Sox fireballer Roger Clemens strikes
out sixteen Royals. The doubleheader sweep over Kansas City marks Joe
Morgan's Boston managerial debut.
1988---Top
Hits
The
Flame - Cheap Trick
Mercedes
Boy - Pebbles
Pour
Some Sugar on Me - Def Lappard
Fallin’
Again – Alabama
1988
- Twenty-six cities east of the Mississippi River reported record high
temperatures for the date. Charleston, WV, established an all- time
record high with a reading of 103 degrees, and Chicago, IL, reported
a record fifth day of 100 degree heat for the year. A severe thunderstorm
moving across Omaha, NE, and the Council Bluffs area of west central
Iowa spawned three tornadoes which injured 88 persons, and also produced
high winds which injured 18 others. Winds at the Omaha Eppley Airport
reached 92 mph. Damage from the storm was estimated at 43 million dollars.
1989- more than 200,000 people crammed into Venice,
a city of 83,000, for a free concert by Pink Floyd. The band performed
on a floating stage in the Venice lagoon. Residents complained about
violence, drug use and littering, and 80 people were slightly hurt in
a scuffle before the show began. Concert-goers complained, too ... about
inadequate toilets and emergency facilities.
1989 - Thunderstorms drenched Kansas City, MO, with
4.16 inches of rain, a record for the date. Two and a half inches of
rain deluged the city between Noon and 1 PM. Afternoon thunderstorms
in South Carolina deluged Williamstown with six inches of rain in ninety
minutes, including four inches in little more than half an hour
1993-- Breaking Cub Hall of Fame Ernie Banks' previous
record of 277, Cal Ripken hits his 278th homer as a shortstop, the most
ever hit by a major leaguer playing that position.
1994-the first move to cost more than $100 million
to make was “True Lies,” a 20th Century-Fox action-adventure
film directed by James Cameron and starring Arnold Schwarzenneger and
Jamie Lee Curtis. It opened
nationwide on July 15. Though
exact figures were not released by the studio, the film was estimated
to have cost $115 million.
1996- The sultan of Brunei spent $25 million on his
50th birthday party, including $15 million for three concerts by Michael
Jackson
1997 - Fashion designer Gianni Versace was shot to
death on the steps of his mansion in Miami Beach, Florida. Police believe
Andrew Phillip Cunanan shot Versace. Cunanan committed suicide a week
later on a houseboat about two miles north of the Versace mansion. Cunanan
is suspected of killing four other men in a cross-country shooting spree.
1999--- The Brewers postpone game as a gesture of
respect for the three workers who died when a huge crane collapsed lifting
a portion of the roof for the team's new stadium, Miller Park. The crane
broke in half as it lifted the 400-ton load damaging the partially completed
stadium.
2000 --The American Tobacco Company's near-mint condition
1909 Honus Wagner card goes for $1.1 million in an eBay online auction;
the high bidder will pay $1.265 million including a 15 percent buyer's
premium for the 91 year-old card of the Hall of Fame Pirate shortstop.
Baseball Poem
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Excerpts from: You can talk baseball, but
not the Eternal Baseball.
So, what is hidden, we inspect
its inner essence. The real, the eternal and the
nameless, all flow All is Poetry.
When the world is without, There is nothing worse than
not knowing when to stop. Only those who know when to
retire
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