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Tax Manager
Portland, Oregon

Multi-state property/sales tax experience.
Vertex & PTMS tax management software exp. preferred.
Click here for more information
Please Contact: B. Gail Proper or Johnathan Wease
One of the nation’s largest and most trusted independent lease and loan servicing organizations.

Monday, July 12, 2010

"I Spy" Bill Cosby, Robert Culp Dec 1966

Comedian, actor, author, television producer William Henry "Bill" Cosby, Jr. born July 12, 1937 Philadelphia, Pennsylvania.


"Advanced Rental" S. Calif. Leasing Complaint
  Classified Ads---Legal
Leasing 102 by Mr. Terry Winders, CLP
 Leasing in 2011
  Second Half of the Year
   Placard---When One Door Closes…
 Bank Beat--Oklahoma, Baltimore, New York
  Top Stories --- July 6-July 9
   Leasing News Still Number One by Count
    Lease Broker/Mystery Writer Huey Son on Letterman
     Classified Ads---Help Wanted
  Downer Grove, Illinois---Adopt-a-Dog
 Ivory Consulting Portfolio Analysis Tool
   NationaLease Annual Truck Meeting
News Briefs---
 Canadian Lessor Faces 11 Fraud Counts Lease Scam
  Maersk lifts forecast-global container demand picks up
   McIntosh Commercial Bank Bank’s seizure raises scrutiny
    End of Census, and for Many, End of Job
   You May have Missed---
    California Nuts Briefs---
     Sports Briefs---
      "Gimme that Wine"
    Today's Top Event in History
     This Day in American History
      Baseball Poem
        Daily Puzzle
     Weather, USA or specific area
      Traffic Live----

######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer. It is considered “bias” as it is the writer’s viewpoint.


"Advanced Rental" S. Calif. Leasing Complaint

“As being an ex-employee of ******* I can tell you this company trains the employees to use an “Equipment Finance Agreement” to get the clients check in and find creative ways to keep the clients check without fulfilling a lease agreement. This company creates a bad name for all of us trying to make a living in this business. ###### said ‘I make more money off of keeping checks than funding the deals...’”

"... I just can’t stand knowing that he is out there messing up people’s lives every day. I know of other ex-employees of his that feel the same way I do and would be willing to do whatever it would take to stop him."

(Name With Held)

The company the reader mentions is listed in the Leasing News Complaint Bulletin Board. It is not the first received from ex-employees of the same company. If a group of ex-employees signs a similar statement, will confront the company and get their side before printing it.

At this time, working on several complaints, all from Orange County, which the above company is located. One has promised twice to mail an advance rental back, and even sent by email a copy of the check. It is not received, look for the first Lease Gypsy from Southern California.

Kit Menkin, editor

Leasing News Complaint Bulletin Board


Classified Ads---Legal

Seasoned finance attorney w/broad experience incl. vendor programs, lease doc., syndication & securitization; in-house or private, NYC, LI or willing to relocate

San Diego , CA
Experienced in-house corporate, equipment leasing and financial services attorney seeks position as managing or transactional counsel. Willing to relocate.
Cell Phone: 760-533-4058;

For a full listing of all “job wanted” ads, please go to:

Other e-Mail Posting Sites:


Leasing 102
by Mr. Terry Winders, CLP

Leasing in 2011

The new proposed accounting rules will place the majority leases on the balance sheet at the net present value of the required rent stream. Off balance sheet will no longer be a reason to lease. What remains as operating leases will still allow the lessee to expense the rents but the new proposed rules will make it very hard to classify a lease as an operating lease unless the term is very short! This will give rise to new reasons to lease and new structures that may change the face of leasing as we know it.

Let’s review some old reasons to lease that have been loss in the shuffle:

1. Payment control: If a customer has a budget and needs a certain size payment we can use residuals, term, and staged payments to meet there goal.

2. Cash Flow: If the customer has an irregular revenue stream we can adjust the payment requirement to match their cash requirements, thereby eliminating the need for a line of credit to meet irregular cash needs.

3. Income Tax support: If they cannot use the accelerated depreciation the lessor uses it and reduces the lease payment or creates rentals that do not start until the next tax year to delay the tax deductions.

4. Increase tax deduction: Most high tech equipment carries a MACRS term of depreciation longer than the actual use of the equipment whereas a true lease rental term matches the use term selected by the lessee.

5. Match term to use: By terminating the lease at the correct time of the year they can arrange for new equipment with fewer distractions.

6. Complete financing (100% of costs): No down payments plus covering shipping, installation, and sales tax.

7. Shared expenses or better defined expenses: Loans create a cash payment different than the expense for the income statement, which is different than the term of depreciation for Income tax, which is different than the term of the equipments actual use. Leasing is the same expense for book and tax over the same term as the use of the equipment.

I see a lot of new structures coming that will have shorter terms with renewal options and will put lessor’s into equipment renters.

I see an increase in the number of independents that are capitalized well enough to take short term residuals and have an excellent understanding of equipment values and markets. There will also be a rise in the number of captive leasing companies and a reduction of bank related leasing activities.

Terms that carry optional renewals, unless notification is received 90 days in advance, with adjustable restocking fees and strong return conditions will also lead to new documentation requirements and increased front end fees for credit and equipment investigation plus upgrade clauses and tighter restrictions on use. Use will be very important with rentals defined by actual hours of use with minimums and monthly adjustments. This may require new bookkeeping requirements and/or new software.

Training for new accounting rules and new methods to lease will become a necessity in the near future as soon as the new accounting rules are placed in service.

The market is about to change so you need to review your operation, funding sources, and chosen markets to see how you will attack this new era.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at or 502-327-8666.

He invites your questions and queries.

Previous #102 Columns:


Second Half of the Year

Don’t get angry at us as we don’t make the news. Leasing News reports it. It looks like the second part of the year is off to being worse than the first half of the year, no matter what the chambers of commerce or leasing associations are telling their members. It’s getting tighter, there is higher unemployment, less money being spent, and most of the banks are not out of trouble yet with both commercial and real estate loans, let alone consumers not making payments.

Look for more bad news the remainder of this year. We’ll try to provide some humor, recommendations, information, and most of all, what readers tell us what is really happening in the equipment leasing marketplace.

Christopher Menkin, Publisher



Bank Beat--Oklahoma, Baltimore, New York

90 Bank Failures at Six Month Mark. 140 banks failed in 2009, and at this pace, it appears the number will be higher.

The 15 branches of Home National Bank, Blackwell, Oklahoma were closed with RCB Bank, Claremore, Oklahoma, to assume all of the deposits. Established December 21, 1933, the bank had 174 full time employees, but 190 full time employees March 31, 2009, and had branches in Oklahoma, Kansas and Arizona.

Home National’s troubled asset ratio was a staggering 272% compared to the national average of 15%. The large majority of failed banks in the recent past have had troubled asset ratios exceeding 100%.

Equity had dropped from $77.8 million March 31, 2009 to $19.1 million with $68.4 million in non-current loans. The bank had reported profits of $2.3 million March 31, 2009 and $908,000 March 31, 2010, one of the very few banks in the last two years to report a profit, but fail.

Charge offs were $1.6 million which included $1 million in commercial and industrial loans, $560,000 in construction and land development. Tier 1 risk-based capital ratio 3.51%.

In a separate transaction with the FDIC, Enterprise Bank & Trust, Clayton, Missouri agreed to purchase approximately $260.8 million of Home National Bank's assets. The FDIC will retain the remaining assets for later disposition. The FDIC and Enterprise Bank & Trust entered into a loss-share transaction on $260.8 million of Home National Bank's assets purchased from the FDIC. Enterprise Bank & Trust will share in the losses on the asset pools covered under the loss-share agreement.

As of March 31, 2010, Home National Bank had approximately $644.5 million in total assets and $560.7 million in total deposits. RCB Bank paid the FDIC a premium of 0.22 percent for the deposits of Home National Bank. In addition to assuming the deposits, RCB Bank agreed to purchase approximately $340.7 million of the failed bank's assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $78.7 million.

Two Baltimore Banks:

The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of Ideal Federal Savings Bank, Baltimore, Maryland. The bank was closed today by the Office of Thrift Supervision, which appointed the FDIC as receiver. It had two full time employees.

The bank was formed April 4, 1920, historically a brave move, especially since its main purpose was to provide mortgage loans to Blacks. It started when Black could not get a mortgage from white bankers, and was among the oldest Black-owned businesses in the country.

Yvonne Lansey was president. She succeeded her father, E. Gaines Lansey, Sr., as bank president in 1988. She was the third generation of the family to run the bank. It was originally open only two hours a week, on Thursday nights, the one day a week domestic workers had off from work.

The bank never grew, but served its community in its special niche. Reportedly the bank did not have an ATM machine and was struggling without having current technology. Ideal Federal Savings Bank became an FDIC insured institution on 1986.

"The highest risk of failures now are among smaller, locally based institutions," said Greg McBride, senior financial analyst at told the Baltimore Sun. "If the biggest employer in town goes out of business, all of a sudden a lot of loans on the bank's books can go bad in a hurry. And that's a common theme that plays out every Friday night across America, when several more institutions shut their doors for the last time."

Bank equity March 31, 2009 was $386,000 and $260,000 March 31, 2010. Ideal Federal Savings had lost $273,000 the prior period and $22,000 March 31, 2009. It had no charge offs, but $528,000 in non-current loans. Tier 1 risk-based capital ratio 6.40%

The FDIC was unable to find another financial institution to take over the banking operations of Ideal Federal Savings Bank. As of March 31, 2010, Ideal Federal Savings Bank had approximately $6.3 million in total assets and $5.8 million in total deposits.

The cost to the FDIC's Deposit Insurance Fund is estimated to be $2.1 million.

The two branches of Bay National Bank, Baltimore, Maryland were closed with Bay Bank, FSB, Lutherville, Maryland, to assume all of the deposits. One branch was located at 2328 West Joppa Road, Baltimore, and the other, 109 Poplar Hill Avenue, Salisbury.

Banking analyst Bert Ely told the Baltimore Sun, “Bay National most likely failed because of problem loans in the areas of construction development for single- and multifamily residences and other construction projects, as well as home mortgage loans and some commercial real estate loans.

"This is a bank that had a relatively high level of nonperforming assets," Ely said. "And the regulators concluded they wouldn't be able to raise the capital to keep the bank well-capitalized. This is the kind of thing we're seeing around the country."

In an interview with The Baltimore Sun last year, Bay National executives blamed the troubles on the collapse of the real estate market. Bay National had extended mortgages to investors hoping to renovate homes and sell them. Many of the homes were around Baltimore's ritzy Inner Harbor. But housing values dropped, and investors were unable to sell the houses.

Stuart Greenberg, a private banker based in Baltimore, said Bay National had been heading toward a failure for months.

"They got greedy, they got stupid, they got arrogant," Greenberg said. "They started doing some loans they never should have been doing. It eventually catches up with you."

As of March 31, 2010, Bay National Bank had approximately $282.2 million in total assets and $276.1 million in total deposits. It had gone from 49 full time employees in March 31, 2009 to 36 full time employees March 31, 2010 with bank equity going from $22.1 million to $4.9 million in the same period with non-current loans at $24.39 million, losing $743,000 in March 31,2009 and $2.6 million in March 31, 2010, following $2.6 million in charge offs ( $657,000 construction and land development, $1.5 million in 1-4 multifamily residential property, and $363,000 loss to loans that are non-US addresses, plus $108,000 to individuals.) Tier 1 risk-based capital ratio 2.45%.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $17.4 million

Full story on Both Banks from Baltimore Sun:,0,5116437.story

Port Chester, New York Bank Closes

The sole branch of USA Bank, Port Chester, New York was closed with New Century Bank (doing business as Customer's 1st Bank), Phoenixville, Pennsylvania, to assume all of the deposits. The young bank established 2005 had gone from 37 full time employees to 28 full time employees. 1st Bank hired former Sovereign Bancorp head Jay Sidhu as chairman and CEO last year. It perhaps has a goal to expand in the New York area. USA Bank serviced Port Chester and Greenwich, Connecticut (I attended grammar school and first year of junior high in the village of Port Chester).

As of March 31, 2010, the failed bank had approximately $193.3 million in total assets and $189.9 million in total deposits. Bank equity had dropped from $15.4 million March 31, 2009 to $2.5 million with $69 million in non-current loans from $11.6 the period before. The bank had lost $826,000 and this time period $3.1 million. Tier 1 risk-based capital ratio 2.21%.

The FDIC and New Century Bank entered into a loss-share transaction on $159.1 million of the failed bank's assets.

New Century Bank will share in the losses on the asset pools covered under the loss-share agreement.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $61.7 million.

Full Story of problems with USA Bank:

List of Bank Failures:

Bank Beat:

((click on ad to learn more))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)


Top Stories --- July 6-July 9

Here are the top ten stories opened by readers:

(1) Correction: LEAF Financial

(2) LEAF Specialty to Shut Down in Two Weeks?

(3) Memorial for Shawn Griffin

(4) GCR Capital Equipment Leasing Closes it Doors

(5) Update: Looking for Broker Business

(6) View from the Top---by Steve Chriest
Advice on Firing a Sales Superstar

(7) Claim: PSFS Violated California Finance Lenders Law

(8) Two Plead Guilty to Tax Evasion

(9) Allied Health Denies Charges in Second Case

(10) Allegiant Partners Completes $13 Million Line


Leasing News Still Number One by Count

It is amazing to see Leasing News being number one in the leasing web sites. Most readers contact us by bookmark. Newsletters are really the web site as that is where a reader goes when they click on an email newsletter headline.

Most are five days a week, and by that alone should be ahead of a three time a week—Monday-Wednesday-Friday, especially last week when it was only two editions, not four.

Web Trends and other web programs count Leasing News higher in being read, where readers spend six to ten minutes a session, and come back during Tuesdays, Thursdays, or the weekend.

In this rating of all the web sites on line, the lower the number, the most often opened. For a trade publication to a relatively small World Wide Web audience, we continued to be proud for almost ten years as being the most widely read.

Christopher Menkin, Publisher

Alexa Ranks Leasing Media Web Sites
US rankings

7/9/2010 6/9/2009  
1. 28,492 33,280  Leasing News
2. 69,063 88,345 Monitor Daily
3. 74,756 90,346  eLessors Networking Association
193,602 295,054 Ind Community Bankers of America
213,333 629,612 World Leasing News
349,912* National Assoc. of Equip Leasing Brokers
266,394 460,616
9. 458,248 no data   CLP Foundation
462,964 no data National Equipment Finance Assoc.
no data
539,211  Commercial Finance Association
no data no data  Exec Caliber-Jeffrey Taylor
no data no data Equip. Leasing & Fin Fndn
  no data no data  Institute of International Container Lessors
  no data no data  Assoc of Government Leasing  Financing
no data no data Leasing Press
no data no data Leasing Notes
no data no data Lease Assistant
no data no data Lean -Lease Enforcement Att Net
no data no data
  no data no data Lessee Advocate

Alexa Ranks Leasing Media Web Sites
World rankings

1. 164,321
187,847  Leasing News
2. 429,941
621,296 Monitor Daily
3. 523,543
886,001  eLessors Networking Association
941,244 Ind Community Bankers of America
1,036,216* National Assoc. of Equip Leasing Brokers
2,442,322 World Leasing News
1,601,998  Commercial Finance Association
2,618,181 National Equipment Finance Assoc.
  2,354,709 Equip. Leasing & Fin Fndn
11. 3,250,339
4,884,348   CLP Foundation
4,359,386  Exec Caliber-Jeffrey Taylor
5,150,414  Institute of International Container Lessors
14. 5,071,096
6,749,822  Assoc of Government Leasing  Financing
12,113,869 Lean -Lease Enforcement Att Net
16. 10,925,090
16,965,935 Lessee Advocate
no data
16,377,228 Leasing Press
21,722,152 Leasing Notes
  no data
no data The Journal for Asset Finance

David G. Mayer's Business Leasing and Finance News is not included in the Alexa report list as it does not have its own individual site and Alexa finds Patton Boggs, LLP Attorneys at Law.  The rating is not valid as it includes all those who visit and communicate with the law firm.  When Business Leasing and Finance News has its own individual web site, it will be included in the Alexa survey.

*It should be noted that NAELB web site "list serve" requires logging onto their site, meaing their e-mails are counted as a visit to the site, whereas they are "list serve" communication.  These are technically visits to the web site, but primarily to use "list serve."

The Alexa tool bar works on most browsers. They are partnered with Google.

You may download their free tool bar A graph and analysis of the last three months are available.



Lease Broker and Mystery Writer Huey Son to appear on Letterman

L2R: Daniel, Evan, Justin, John

Brian Huey, lease broker and writer of several mystery books, announces his son will appear on the David Letterman Show tonight, July 12th, as part of the "Steel Train" band.

"Justin started his first band, The Jukebox Hero at fifteen and cut his first CD at 16," Huey said. " His second band Mona Ray was a great college success up at Appalachian State. He joined Steel Train in May of 2008. It's been quite a ride and I believe they've just begun."

Two books by writers in leasing:


Leasing Industry Help Wanted

Tax Manager
Portland, Oregon

Multi-state property/sales tax experience.
Vertex & PTMS tax management software exp. preferred.
Click here for more information
Please Contact: B. Gail Proper or Johnathan Wease
One of the nation’s largest and most trusted independent lease and loan servicing organizations.


Click on your area of expertise below for details

Medical Market                Technology Market

Please see our Job Wanted section for possible new employees.


Downer Grove, Illinois--Adopt-a-Dog


Description: Spaniel
Gender: Male
Age: 2 yrs. — born around 2008
Size: Medium
Neutered? Yes
House trained? TBD

Location: Shelter
OK with children? Older
OK with other dogs? Good
OK with cats? No
Crate trained? TBD
Leash trained? TBD

"I am sweet your fella that is looking for his forever home. I am a little fearful of new people and new situations but if you give me some time, I warm up quickly. I am good with other dogs, but no cats for me. Because of my shy nature, I would do best in a home with children 16 years and older.

“Even though I know my basic obedience commands, I would benefit from additional training. It would help boost my confidence.

“Please stop by and visit me today! "

West Suburban Humane Society
1901 Ogden Avenue
Downers Grove, Illinois 60515
Phone: 630-960-9600
Fax: 630-960-9604

Adopt-a-Pet by Leasing Co. State/City

Adopt a Pet



#### Press Release #####################

Ivory Consulting Releases Equipment Finance Portfolio Analysis Tool
for Time-Saving, Detailed Business Reporting

WALNUT CREEK, Calif.,- Ivory Consulting ( has announced the release of Portfolio, a new equipment financing business tool that enables fast portfolio analysis and reporting. Portfolio is so fast, in fact, that some bank leasing and finance executives who were testing the new software during its final stages of development say they expect to trim weeks or even months in time spent on analysis and reporting activity.

Strong demand from the equipment leasing and finance industry for richer and more granular business intelligence led to the development of Portfolio, a robust technology solution that enables analysis, forecasting, risk management, and portfolio reporting from any PC or laptop. It was designed to integrate with commonly used business software and is specifically tailored to current industry requirements, according to Joseph Moore, Ivory's director of sales and marketing.

"Portfolio includes easy drill-down menus that provide detailed analysis, yield comparisons, cash flows, and 'what if' scenarios," Moore said. "It can point to weak-performing areas, risk factors, or areas for business expansion. It also enables users to efficiently capture a comprehensive view of an organization's cash, tax, and accounting position, or a narrower picture of one category or geographic region."

"The deep data mining now possible can be used for business forecasting, risk management and buy-sell considerations." he added. "Companies that are poised to buy or sell a portfolio or even just one small part of a portfolio can more accurately price the portfolio and more accurately perform due diligence.

Executives from banks and captive finance companies, as well as industry consultants, have tested Portfolio and provided valuable input that helped in developing this first release, which is now available for purchase, Moore said. To receive a brochure, product demonstration, pricing, or further information, contact him at 925-926-1100 ext 108.

A brochure can be downloaded from

Since 1983, Ivory Consulting has exclusively served the world's equipment lessors and has partnered with leading technology providers to deliver pricing and portfolio solutions that integrate well and meet current and anticipated needs of the equipment leasing and finance industry. Ivory is already working on future versions of Portfolio that will provide more statistical analysis and even more sophisticated outcome modeling.

#### Press Release #############################

NationaLease Sets Theme for Annual Meeting as 'Together Toward Tomorrow'

NationaLease, a full service truck leasing company, has set the theme for its Annual Meeting as "Together Toward Tomorrow," during which independent truck leasing organizations will share ideas and experiences and prepare their businesses for the future.

The meeting is scheduled for Sept. 12 to 13 at the Four Seasons Hotel in Chicago, where the company was founded 66 years ago.

NationaLease has tapped Dan Baker as the keynote speaker for the event. Baker is a well-know speaker, teacher, and consultant to the trucking industry whose message is the "people side of trucking." He has been involved with the trucking industry since the early '80s, dedicating his time and efforts toward helping truckers make sense of their complex works.

James P. Meil, chief economist with Eaton Corporation, will also speak. He has been recognized as a leading industrial sector economist for more than 20 years, securing a place on the Wall Street Journal's panel of top 50 forecasters and USA Today's "Top 10 Economic Forecasters."

The event will also feature a presentation by Dr. Barry Asmus, a senior economist for the National Center for Policy Analysis and professor of economics. He speaks all over the world on topics that include the income tax system, Social Security, and public policy decisions.

William J. Bosco, Jr., a consultant specializing in the truck leasing industry, will speak at the event. With extensive experience in accounting, pricing, and training, Bosco will cover the Lease Accounting Project concerning finance leases and operating leases and how it will impact the lessee customers and lessors. Bosco has served on the Equipment Leasing and Finance Association for more than 20 years, 10 of those years as chairman.

For more information on the 66th Annual Convention, go to

### Press Release ##########################


News Briefs ---

Canadian Lessor Faces 11 Fraud Counts Lease Scam

Maersk lifts forecast as global container demand picks up

McIntosh Commercial Bank Bank’s seizure raises scrutiny

End of Census, and for Many, End of Job


You May have Missed---

Paul McCartney blows San Francisco away

Sports Briefs----

Score One for Style as Spain Wins First World Cup

Richt suspends arrested players Jackson, King

Stanford quarterback Andrew Luck to stay at Stanford until he graduates


California Nuts Briefs---

Fiorina's husband has license to pack heat


“Gimme that Wine”

Wine stores crush prices to lure more customers,0,4028909.story

Designed to sell direct

Grape harvests begin this month in Texas

Home winemakers will converge on Yountville for annual classic July 17th

The NFL's War on Wine

Home for hearty reds

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page


Today in History

1946 - "The Adventures of Sam Spade" was heard on ABC radio for the first time. Howard Duff starred as the San Francisco detective in the summer replacement series Sam Spade first appeared in the 1930 Dashiell Hammett novel "The Maltese Falcon" and in the 1931 original film version of "The Maltese Falcon", starring Ricardo Cortez. Humphrey Bogart played Sam in the 1941 movie.


This Day in American History

    1774- The first Declaration of independence by citizens of an American colony was formally made in the First Presbyterian Church in Carlisle, PA, at a meeting of freeholders and freemen from the several townships. The Reverend John Montgomery presided. Other formal community declarations were to follow, many of them from meetings held inside their local churches.
    1787 -- Northwest Ordinance adopted by Continental Congress. Provides for admission of new states west of New York & north of the Ohio River. Requires a population of 60,000 people; new states are guaranteed freedom of religion & support for schools, & slavery to be declared illegal.
    1792-The first bridge on a large scale was the West Boston Bridge, connecting Boston, MA, and Cambridge, MA, begun this day and open for traffic on November 23, 1793. The cost was $76,0000. The toll right was granted to the proprietors for 70 years. It was replaced in 1907 by the towered and ornamented structured called the Cambridge Bridge.
    1804 - Alexander Hamilton (47), US Sec. of Treasury, died of wounds from a pistol duel with VP Aaron Burr. In 1920 Frederick Scott Oliver authored a Hamilton biography. In 2002 Stephen Knott authored "Alexander Hamilton and the Persistence of Myth." In 2004 Ron Chernow authored the biography "Alexander Hamilton." Lawyer Ambrose Spencer (1765-1848) said Hamilton “more than any man, did the thinking of his time.”
    1812 - United States forces led by General William Hull entered Canada during the War of 1812 against Britain. However, Hull retreated shortly thereafter to Detroit. Madison had called for 50,000 volunteers to invade Canada but only 5,000 signed up.
    1817-Henry David Thoreau birthday. American author and philosopher, born at Concord, MA. Died there May 6, 1862. In Walden he wrote, "I frequently tramped eight or ten miles through the deepest snow to keep an appointment with a beech tree, or a yellow birch, or an old acquaintance among the pines."
    1839-- Due to an erroneous eye-witness account, Abner Doubleday is given credit for establishing the first baseball game is played in America. The Hall of Fame, which opens a century later in Cooperstown, celebrates the origin of our national pastime in this small upstate New York town although it is doubtful in the West Point cadet was ever there or ever watched a baseball game.
    1843- Mormon church founder Joseph Smith announced that a divine revelation had been given him sanctioning polygamy among his newly-organized religious followers.
    1846 -First public Protestant worship was conducted by Capt. Montgomery.
    1852-Leland Stanford of Wisconsin settled in San Francisco.
    1859-William Goodale of Clinton, MA applied for a patent of a machine that manufactured paper bags. 1872, Luther Childs Crowell of Boston, MA, applied for a patent on his invention, a machine to manufacture paper bags with square bottoms. The bags produced by the machine had two longitudinal inward folds and revolutionized the retail business with “easy carry out.”
    1862- Harper's Weekly featured a cartoon about General Benjamin Butler's controversial "Woman Order" in Union-occupied New Orleans.
    1871 -- The Orange Riot: Protestant Irishmen shot by Catholic Irish snipers as they march down New York's Eighth Avenue. The incident provokes a bloody riot, involving Irishmen, police, and infantry. When the smoke clears, 54 are dead. ...a bloody riot on Orange Day, July 12, 1871, proved to be the crack in the dike. The first real public outcry arose against Tammany in the wake of this riot, and when, ten days later, the New York Times went public with the actual figures, copied from city ledgers, that proved Tweed's fraud beyond a shadow of a doubt, the blow that had failed to land some months earlier finally struck its mark. By the end of the year, Tweed was a doomed man: He had been arrested and released on bail, resigned his post as the commissioner of public works, and been voted out of his post as chairman of Tammany's general committee (though he had, miraculously, won re-election to his seat in the state senate while all this was happening).
    1878 -- Yellow fever epidemic begins in New Orleans, eventually leading to the deaths of 4,500 people.
    1893—Turner Fontier address: Historian Frederick Jackson Turner delivered his paper,” The Significance of the Frontier in American History," at a meeting of the American Historical Association at Chicago during the Columbian Exposition. Stating that the frontier was a spawning ground for many of the social and intellectual traits that made Americans different from Europeans, Turner saw the end of the frontier as a major break in the psychology of the nation. Turner's formalization of this idea came in part from his reading the Extra Census Bulletin No. 2: Distribution of Population According to Density: 1890 which said that, "Up to and including 1890 the country had a frontier of settlement, but at present the unsettled area has been so broken into by isolated bodies of settlement that there can hardly be said to be a frontier line."
    1895-birthday of Buckminster Fuller, architect, inventor, engineer and philosopher, born Richard Buckminster Fuller at Milton, MA. His geodesic dome is one of the most important structural innovations of the 20 th century.
    1900 --114ø F (46ø C), Basin, Wyoming
    1908 –birthday of comedian Milton Berle (Milton Berlinger) Harlem NYC, comedian (Uncle Miltie, Mr Television) His nickname was “Mr. Television,” but Milton Berle had long career as a vaudeville film, radio and theater comedian as well. He was born Mendel Berlinger at Harlem, NY. He was popular before becoming the host of NBC's “Texaco Star Theater” in 1948,but that variety show made him a huge national star. Dressed in drag, rattling off corny jokes and drawing the day's biggest stars,” Uncle Miltie” made the show a television event until its ending in1954. He was one of the first seven inductees into the Academy of Television arts and Science's TV Hall of Fame. Berle died March 27,2002, at Los Angeles, CA.
He died July 1, 1983 at Los Angeles, CA.
    1909-birthday of Joe DeRita (Joseph Wardell,) better known as “Curly” of Three Stooges. He joined the team in 1959 after Joe Besser left. He appeared in Have rocket, Will Travel(1959), Snow White and the Three Stooges(1961) and the Outland is Coming(1965), born at Philadelphia, PA. DeRita died July 3, 1993 at Los Angeles, California.
    1912-trombonist-band leader Will Bradley born, Newton, NJ,,407306,00.html
    1916-birthdayof tenor sax player Sam “The Man” Taylor, Lexington, TN
    1920-birthday of tenor sax player Paul Gonsalves, Boston, MA
    1924-The first Decathlon champion from teh United States Was Harold M. Osborne of the Illinois Athletic Club, Chicago, IL, who won 7,710,775 points at the Olympic games in Paris. The 10 events in the decathlon are the 100-meter dash, the 400 meter run, the 1,5000 meter run, the 100-meter hurdle, the broard jump , the high jump, the shot put, the discus throw, the pole vault, and the javelin throw.
    1927 –Trumpet player Conte Condoli birthday
( real name Secondo Condoli, long time staff musician on the NBC Tonight Show, one of the most popular studio trumpet musicians, considered a trumpet player's trumpet player, one of Billy May's favorites, who recently died )
    1928 --Lou Gehrig collects fourteen total bases to lead the Yankees to a 15-7 win over the White Sox; the New York first baseman blasts two triples and two homers.
    1930-Bobby Jones won the U.S. Open golf championship by two strokes over Macdonald Smith at the Interlachen Country Club in Hopkins, MN. Having already won the British Open, the British Amateur and the US Amateur, Jones became the only golfer to win the grand Slam.
    1933 - A minimum wage of 40 cents an hour was established in the U.S.
    1934-birthday of pianist Van Cliburn ( Harvey Lavan,Jr.) Shreveport, LA.  He was signed to a recording contract by RCA Victor after winning the 1958 Tchaikovksy competition for young pianists in Moscow. Cliburn's recording of Tchaikovsky's "Piano Concerto Number One" was the first classical LP to sell a million copies. After a long retirement, he returned to performing in 1987. 
    1938-birthday of comedian, actor, humanitarian, educator Bill Cosby, Philadelphia, PA.
    1939 --In front of a record crowd of 23,864 fans at Ruppert Stadium, Lou Gehrig plays his last game as a Yankee during an exhibition game against the Kansas City Blues, their AA farm team. Playing only three innings and batting eighth, the' Iron Horse' grounds out weakly to second base in his only at-bat.
    1943-The largest tank battle in history took place outside the small village of Prohorovka, Russia. Nine hundred Russian tanks attacked an equal number of German Panther and Porsche tanks. These were better built, strong armor, better engines, longer range, more power and the elite that the Nazi Regime built under the command of their best officers. Though the German equipment had all these advantages and were larger tanks, that advantage was lost as the Russian engaged in extremely close range battle where the larger tanks lacked maneuverability. When Hitler himself ordered a cease-fire, 300 German tanks remained strewn over the field and the thrust into Russia was halted in the first deciding battle of the war.
    1944-- Golden Gate Baptist Theological Seminary was chartered in Mill Valley, CA, under sponsorship of the Southern Baptist Church.
    1944--HARMON, ROY W.  Medal of Honor
Rank and organization: Sergeant, U.S. Army, Company C, 362d Infantry, 91st Infantry Division. Place and date: Near Casaglia, Italy, 12 July 1944. Entered service at: Pixley, Calif. Birth: Talala, Okla. G.O. No.: 83, 2 October 1945. Citation: He was an acting squad leader when heavy machinegun fire from enemy positions, well dug in on commanding ground and camouflaged by haystacks, stopped his company's advance and pinned down 1 platoon where it was exposed to almost certain annihilation. Ordered to rescue the beleaguered platoon by neutralizing the German automatic fire, he led his squad forward along a draw to the right of the trapped unit against 3 key positions which poured murderous fire into his helpless comrades. When within range, his squad fired tracer bullets in an attempt to set fire to the 3 haystacks which were strung out in a loose line directly to the front, 75, 150, and 250 yards away. Realizing that this attack was ineffective, Sgt. Harmon ordered his squad to hold their position and voluntarily began a 1-man assault. Carrying white phosphorus grenades and a submachine gun, he skillfully took advantage of what little cover the terrain afforded and crept to within 25 yards of the first position. He set the haystack afire with a grenade, and when 2 of the enemy attempted to flee from the inferno, he killed them with his submachine gun. Crawling toward the second machinegun emplacement, he attracted fire and was wounded; but he continued to advance and destroyed the position with hand grenades, killing the occupants. He then attacked the third machinegun, running to a small knoll, then crawling over ground which offered no concealment or cover. About halfway to his objective, he was again wounded. But he struggled ahead until within 20 yards of the machinegun nest, where he raised himself to his knees to throw a grenade. He was knocked down by direct enemy fire. With a final, magnificent effort, he again arose, hurled the grenade and fell dead, riddled by bullets. His missile fired the third position, destroying it. Sgt. Harmon's extraordinary heroism, gallantry, and self-sacrifice saved a platoon from being wiped out, and made it possible for his company to advance against powerful enemy resistance.
    1945---Top Hits
Dream - The Pied Pipers
The More I See You - Dick Haymes
Bell Bottom Trousers - Tony Pastor
Stars and Stripes on Iwo Jima - Bob Wills
    1946- Stan Kenton cuts “Artistry in Percussion” with Shelly Manne, Hollywood, CA
    1946 - "The Adventures of Sam Spade" was heard on ABC radio for the first time. Howard Duff starred as the San Francisco detective in the summer replacement series Sam Spade first appeared in the 1930 Dashiell Hammett novel "The Maltese Falcon" and in the 1931 original film version of "The Maltese Falcon", starring Ricardo Cortez. Humphrey Bogart played Sam in the 1941 movie.
    1949-Jackie Robinson, Roy Campanella and Don Newcombe of the Brooklyn Dodgers and Larry Doby of the Cleveland Indians became the first black players to appear in baseball's All-Star game. The American League won the game, played in Ebett's Field, Brooklyn, NY, 11-7.
    1949 - Football quarterback Norm Van Brocklin, a student at the University of Oregon, decided against another year of college and signed a professional NFL contract to play with the Los Angeles Rams.
    1950 - The first Distinguished Service Cross of the Korean War was awarded posthumously to Colonel Robert R. Martin who single-handedly attacked an enemy tank with a rocket launcher. Martin had just arrived in Korean and had been commander of the battered 34th Infantry Regiment of the 24th Infantry Division for one day when he was killed in action on July 8.
    1950 - Photographs of seven American soldiers found shot through the head by the Communists shocked the world.
    1951 - The Kaw River flood occurred. The month of June that year was the wettest of record for the state of Kansas, and during the four days preceding the flood much of eastern Kansas and western Missouri received more than ten inches of rain. Flooding in the Midwest claimed 41 lives, left 200 thousand persons homeless, and caused a billion dollars property damage. Kansas City was hardest hit. The central industrial district sustained 870 million dollars property damage
    1953---Top Hits
Song from Moulin Rouge - The Percy Faith Orchestra
Ruby - Richard Hayman
I'm Walking Behind You - Eddie Fisher
It's Been So Long - Webb Pierce
    1954 - Elvis Presley signs his first recording contract (Sun Records) and quits his job as a truck driver.
    1954 - The Major League Baseball Players Association was organized in Cleveland, OH. Its purpose was to represent ball players in policy decisions with baseball club owners.
    1957 - Prince Karim left Harvard University in Cambridge, MA to become the leader of 20 million Ismaili Moslems. He became the Aga Khan for the religious sect. Prince Karim was 20 years old at the time of his calling.
    1957-Alan Freed's show The Big Beat debuts on ABC-TV with guests The Everly Brothers, Frankie Lymon, Buddy Knox and Connie Francis. The show was later canceled after an episode in which Frankie Lymon was seen dancing with a white girl, which reportedly offended the management of ABC's local affiliates in the southern states.
    1958 - "Yakety Yak", by The Coasters, became the number one song in the U.S.A., according to "Billboard" magazine. It was the first stereo record to reach the top of the chart.
    1960 - The first Etch-A-Sketch went on sale. Over 50 million units were sold during the next 25 years. Charlie Lester contains it was his first portable computer laptop.
    1961---Top Hits
Tossin' and Turnin' - Bobby Lewis
The Boll Weevil Song - Brook Benton
Every Beat of My Heart - Pips
Heartbreak U.S.A. - Kitty Wells
    1962- The Rolling Stones played their first concert at the Marquee club in London. The lineup for that date was lead vocalist Mick Jagger, guitarists Keith Richards and Brian Jones, Dick Taylor on bass and Mick Avory, later of the Kinks, on drums. Avory and Taylor were replaced by Tony Chapman on drums and Bill Wyman on bass. Chapman didn't work out, and drummer Charlie Watts completed the Stones' lineup in January 1963. 1969- the rock super group Blind Faith, fronted by Eric Clapton and Steve Winwood, made its US debut at Madison Square Garden. The band made only this tour and one album before splitting up.
    1962 -- Garbage dump in Pennsylvania erupts beneath the ground, burns into extensive coal mine tunnels. As late as 1984 the fire still raged, burning 25 squares miles and threatening to break to the surface. The television show “60 Minutes” did an up-date in 2006: the fire was still burning out of control, many towns abandoned. Evidently there are coal fires elsewhere in the United States, and the world, with the largest burning in China.
    1962-The Rolling Stones played their first concert at the Marquee club in London. Their line-up consisted of lead vocalist Mick Jagger, guitarists Keith Richards and Brian Jones, Dick Taylor on bass, pianist Ian Stewart and Mick Avory, later of the Kinks, on drums. Avory and Taylor would be replaced by Tony Chapman on drums and Bill Wyman on bass. Chapman didn't work out and drummer Charlie Watts completed the Stones' line-up in January 1963.
    1965-REASONER, FRANK S.  Medal of Honor
Rank and organization: First Lieutenant, U.S. Marine Corps, Company A, 3d Reconnaissance Battalion, 3d Marine Division. Place and date: near Da Nang, Republic of Vietnam, 12 July 1965. Entered service at: Kellogg, Idaho. Born: 16 September 1937, Spokane, Wash. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. The reconnaissance patrol led by 1st Lt. Reasoner had deeply penetrated heavily controlled enemy territory when it came under extremely heavy fire from an estimated 50 to 100 Viet Cong insurgents. Accompanying the advance party and the point that consisted of 5 men, he immediately deployed his men for an assault after the Viet Cong had opened fire from numerous concealed positions. Boldly shouting encouragement, and virtually isolated from the main body, he organized a base of fire for an assault on the enemy positions. The slashing fury of the Viet Cong machinegun and automatic weapons fire made it impossible for the main body to move forward. Repeatedly exposing himself to the devastating attack he skillfully provided covering fire, killing at least 2 Viet Cong and effectively silencing an automatic weapons position in a valiant attempt to effect evacuation of a wounded man. As casualties began to mount his radio operator was wounded and 1st Lt. Reasoner immediately moved to his side and tended his wounds. When the radio operator was hit a second time while attempting to reach a covered position, 1st Lt. Reasoner courageously running to his aid through the grazing machinegun fire fell mortally wounded. His indomitable fighting spirit, valiant leadership and unflinching devotion to duty provided the inspiration that was to enable the patrol to complete its mission without further casualties. In the face of almost certain death he gallantly gave his life in the service of his country. His actions upheld the highest traditions of the Marine Corps and the U.S. Naval Service.
     1965--The Beach Boys record "Sloop John B", a 1927 Folk song that featured rhythm guitarist Al Jardine on lead vocal. The record would climb to number three in May, 1966.
    1967-Twenty-three die in Newark,NJ race rebellion

    1966 -- Racial riots erupt in Chicago and Cleveland. Chicago uprising lasts until 15th.
    1969---Top Hits
In the Year 2525 - Zager & Evans
Spinning Wheel - Blood, Sweat & Tears
Good Morning Starshine - Oliver
Statue of a Fool - Jack Greene
    1970—“Evenings at the POPs” premieres on TV. PBS's popular concert series premiered with conductor Arthur Fiedler heading the Boston Pops Orchestra. Conductor/composer John Williams took over the post upon Fiedler's death in 1979; Keith Lockhart is the current conductor.
    1971—Kristi Tasuya Yamaguchi birthday, Olympic gold medal figure skater, born Hayward, CA.
    1971-The New Seekers re-record a song they did as a commercial for Coca-Cola last year, re-naming it from "I'd Like To Buy The World A Coke" to "I'd Like To Teach The World To Sing". The effort would reach #7 on the Billboard chart.
    1970- Janis Joplin debuted with her new group, the Full Tilt Boogie Band, before 4,000 people in Louisville, Kentucky. Less than three months later, she was dead of a heroin overdose
    1971- 13,000 people packed the Civic Arena in Pittsburgh to see the first authorized staging of "Jesus Christ Superstar." The work was the brainchild of composer Andrew Lloyd Webber and lyricist Tim Rice and made its debut as a record album, which became the top seller of 1971. Scores of unlicensed concert productions sprang up in the US in the wake of the album's success, so Webber and Rice came up with their own concert and theatrical versions, one of which opened on Broadway in October of '71.
    1971-Birthday of Olympic gold medal figure skater Kristi Tsuya Yamaguchi, born Hayward, Ca.
    1971- Juan Corona, indicted for 25 murders, Sacramento, California
    1973-- The Hues Corporation releases "Rock the Boat"    
    1975-K.C. & the Sunshine Band make their pop chart debut with "Get Down Tonight." It's the first of four singles by the band to make it to the number one spot
    1976- “ Family Feud” premiered on television, from the production team of Mark Goodson and Bill Todman. This game show set two families against each other to raise the greater number of points. The contestants had to predict the most common answers to a given survey. Richard Dawson, TV's famous kissing host, and the late Ray Combs served as hosts of the show. Another version of the show appeared in 1999 with Louie Anderson as host and is still running today; “100 families survey said...”
    1976- Representative Barbara Jordan (D-Texas) is the keynote speaker of the 1976 Democratic Convention, the first woman and the first black to be accorded the honor. (And the first lesbian although her lifestyle was not publicized at the time.) It was a rousing speech that electrified the convention and TV watchers.
    1977---Top Hits
Undercover Angel - Alan O'Day
Da Doo Ron Ron - Shaun Cassidy
Looks like We Made It - Barry Manilow
I'll Be Leaving Alone - Charley Pride
    1979- The Chicago White Sox stated “Disco Demolition Night” as a promotion between games of a doubleheader against the Detroit Tigers. Chicago disc jockey Steve Dahl burned disco records brought by fans, who received discount admission. Some of those fans decided to start their own fires, and a mini-riot ensued, with fans surging onto the field, high on beer and other substances that did not come in a bottle, forcing the Chicago White Sox to forfeit the second game of the doubleheader.
    1980 - Lightning struck a large broiler house in Branford, FL, and the ensuing fire broiled 11,000 nearly ready broilers. Firemen were able to save a few thousand chickens, however.
    1981-- Major League Baseball's first strike which begins after the start of a season cancels thirteen regular-season games.
    1982 - "E.T.: The Extra-Terrestrial" broke all box-office records by surpassing the $100-million mark of ticket sales in the first 31 days of its opening.
    1982 - The last of the distinctive-looking Checker taxicabs rolled off the assembly line in Kalamazoo, MI. The company had produced those cabs since 1922.
    1983 ---Hall of Famers Charlie Gehringer and Hank Greenberg have their uniform numbers retired by Detroit in a ballpark ceremony. The digits 2 and 5, respectively, will join Al Kaline's #6 (1980) as the only numbers retired by the Tigers.
    1984 - Steve Carlton of the Philadelphia Phillies earned his 100th strikeout of the season and led the Phils to a 4-3 win over the Cincinnati Reds. Carlton tied a record set by Walter Jonson by getting 100 or more strikeouts in 18 straight seasons. Carlton became baseball's all-time strikeout leader with 3,813. He played for the St. Louis Cardinals, the Phillies, and briefly, for the Chicago White Sox, San Francisco Giants, Cleveland Indians and Minnesota Twins before retiring and becoming a member of the Baseball Hall of Fame.
    1984-Walter F. Mondale at the Democratic National Convention chooses the first vice presidential candidate from a major party, Geraldine Ferraro, congressional representative from New York. Ronald Reagan was elected president and George Bush vice-president, carrying 49 states. The electoral vote was 525 to Mondale's 12. Popular vote was Reagan 54,455,075 to Mondale 37,577,184. In congressional elections, the Republicans gained two Senate seats for a 53-47 majority. In the House, the Democrats lost 14 seats but kept a majority of 253-182.
    1985---Top Hits
Sussudio - Phil Collins
A View to a Kill - Duran Duran
Raspberry Beret - Prince & The Revolution
She's a Miracle – Exile
    1988-Hail up 4.5 inches in diameter in the Monango-Fullerton area of North Dakota. Patio furniture appeared as if beaten with a sledge hammer.Thunderstorms produced heavy rain in Arkansas and northeastern Texas, with 6.59 inches reported at Mesquite, TX, in just an hour and fifteen minutes. Garland, TX, reported water up to the tops of cars following a torrential downpour.
    1990- “Northern Exposure” premiered on television. CBS's comedy-drama was essentially a fish-out-of-water (or rather a New Yorker out of Manhattan) series. Dr. Joel Fleischman (Rob Morrow) was forced to practice medicine in remote Cicely, Alaska, to pay off his student loans. He gradually accepted his lot through the help of the town's quirky citizens who needed him because he was the only doctor in town. The show's principal cast featured Barry Corbin as Maurice Minnefield, a former NASA astronaut and Cicely's most prominent businessman, .Janine Turner as bush pilot Maggie O'Connell, Elaine Miles as Joel's assistant/receptionist Marilyn, Darren E. Burrows as Ed Chigliak, a half-Indian aspiring filmmaker, John Cullum as Cicely's mayor and tavern owner I-lolling Vincoeur, Cynthia Geary as Holling's girlfriend and waitress Shelley Tambo, Peg Phillips as store proprietor Ruth-Anne and John Corbett as deejay and philosopher Chris Stevens.
    1994- Record stores around the world threw midnight parties as the Rolling Stones' "Voodoo Lounge" album went on sale. It was their first release since "Steel Wheels" five years earlier.
    1997-- After 126 years of major league play, the first interleague games in history are played as the Giants defeat the Rangers, 4-3, at the Ballpark in Texas. Glenallen Hill becomes the National League's first regular season designated hitter.
    2001-- New Orleans' Moisant Airport, named for an early 20th-century flying daredevil, is renamed Armstrong International in honor of native jazz trumpeter Louis Armstrong.


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