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Interviewing highly skilled professionals
Motivated by success, rooted in integrity
Exclusive funding sources. Full Med/401(k)
Click Herefor more information.
Submit Resume To: smiscovich@stradacapital.com

About the Company: With over 10 years in business, Strada Capital Corporation exists to provide customized commercial finance solutions through our unique customer-centric approach. Our boutique firm is steadfast in providing personal attention, swift turnaround and extraordinary customer experiences.
Visit us at www.stradacapital.com


Monday, March 8, 2010



Singer Peggy March (born Margaret Annemarie Battavio, March 8, 1948, Lansdale, Pennsylvania, perhaps best known as Little Peggy March, age 15, who had a 1963 hit song "I Will Follow Him". She recorded the song again in French, Spanish, German, Italian, Dutch and Japanese. She literally had a number one hit around the world! Her subsequent hits, "I Wish I Were a Princess" (which was featured prominently in John Waters' period romp Hairspray) and "Hello Heartache, Goodbye Love," scored much lower in the Top 40. RCA continued to record March for ten years, right into the early '70s, but she never scored an American hit of any consequence after early 1963. By contrast, in Europe, she was a popular recording artist for many years and scored several major hits, especially in Germany, where she moved in 1969, where she had great success.

Currently she works largely in the Las Vegas music scene and has also performed at Dick Clark's American Bandstand Theater in Branson, Missouri.

http://www.answers.com/topic/peggy-march
1:14 minutes age 15: www.youtube.com/watch?v=LElnKkvazwQ&feature=youtube_gdata
In Japanese: http://www.youtube.com/watch?v=M-43tlrBoRk&feature=related
1973 Berlin, Germany http://www.youtube.com/watch?v=wX_HBTpc5L0&feature=related
1971 Germany: http://www.youtube.com/watch?v=ThTQiMzXteM&feature=related
http://www.youtube.com/watch?v=yYsOucFRrDI&feature=related
1967: http://www.youtube.com/watch?v=Bgkp8NcBnrg&feature=related


Headlines---

A Real Life "Sting"
 by Bernie Boettigheimer, CLP
  Classified Ads---—Other e-Mail Posting Sites
   Ex-Main Street Leasing Employees
    say “More than Salesmen Let Go”
Bank Beat--Of Four, two closed, two purchased
 Classified Ads---Help Wanted
 Leasing #102 by Mr. Terry Winders, CLP
   Capital Lease vs. Loan Clarification
 Top Stories March 1-5
  Cartoon---Exercise at your desk
Leasing News List Section
 Santa Rosa, California ---Adopt a Dog
News Brief ---
 Ben Judah gets Max 25 Year Sentence Lease Scam
  ‘The Hurt Locker’ Wins Big at Oscars    
   Sports Briefs---
    "Gimme that Wine"
   Today's Top Event in History
     This Day in American History
       Winter Poem
        SuDoku
         Daily Puzzle
      GasBuddy
  Weather, USA or specific area
     Traffic Live----

######## surrounding the article denotes it is a “press release”

[headlines]
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A Real Life "Sting"
by Bernie Boettigheimer, CLP

In a way, you have to give it to Gilles Jean Casse, the President of GMD International, Inc., Home, Louisiana. He pulled off a real life “Hollywood Style” con job just like the movie "The Sting". It involved the quick set-up of the unsympathetic mobster - remember Doyle Lonnegan (played by Robert Shaw in the movie). The entire setup even had shades of Bernie Madoff and included a local party who played the same part as played by Robert Redford. It took many years to gain the confidence of Louisiana officials, bankers and a wealthy local family. Even the company's audited financials were prepared by a prominent New Orleans CPA firm.

While the plot of this later day Sting is vastly different than the movie version the sudden ending is the same. The mobster was unknowingly replaced with a whole cast of people and firms. There is the small Texas Bank with a USDA $3.5 Million loan (which recovered only $200k from their collateral) and while this was an 80% USDA guarantee it still is a very bad hit to a bank with a net worth of only $5.8 Million as of December 31,2009. The potential recoveries of the many equipment leasing companies is unknown but no doubt it is negligible and the investor reports a loss of $2 Million. And what of Uncle Sam's USDA loan and a SBA loan in New Orleans?

When it was over Gilles Jean Casse fled to France just like a modern day Paul Newman in the Sting. No lawsuits or bankruptcies were filed, and then it dawned on me. Everyone had been had! One source told me that Casse recognized in late 2006 that his business model of selling refurbished fiber optic test and measurement equipment could not produce enough income to service its debt. He and an investor were already playing some games by inflating prices on invoices from a cooperating vendor. Other sources confided that there was very little equipment ever received at the warehouse in the last two years. Nevertheless records revealed between 10 & 15 equipment leases exceeding $2 Million occurred in that time. Some site inspections were even done and I believe that the collateral was that of the investor. In the end, he too was a victim by not getting his share and losing his collateral.

The final tally of debts on this case total $10-12 Million! The fictional Henry Gondorff made off with $750,000 in the movie "the Sting", but he did have set-up expenses and had to share that with his con-job friends. Our boy invested more time but came away with 6 or 7 times that amount and never had to share his absconded funds with anyone. A much better Sting than the original! But, what about the wreckage of personal reputations and confidences and the self-doubting “what if”?

Regards,
Bernie Boettigheimer CLP
President
Lease Police, Inc.
972-361-8111
214-549-3426-cell
www.leasepolice.com

(Bernie didn't report in the story that his clients of Lease Police knew about the operation and vendors involved when they ran a report. Lease Police saved a few million for their clients. editor)

Previous Alert Up-Date on GMD:
http://www.leasingnews.org/archives/Jan2010/1_29.htm#alert

LeasePolice.com - "Your One Stop Vendor Check"
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

[headlines]
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Other e-Mail Posting Sites:

accountingweb.careerbank.com
www.adams-inc.com
www.affinitysearch.com
www.aol.com
www.bajobs.com
www.BayJobs.com
www.careerbank.com
www.careerbuilder.com
www.careerpath.com
www.careerjet.com
www.careerjet.com
www.craigslist.org
www.credittoday.com
ELFA Career Center
www.elaonline.com
www.FinanceLadder.com
www.goldenparachute.com
www.Headhunter.net
www.hotjobs.com
www.indeed.com
www.jobs.net
www.jobsearchusa.org
www.JobSpin.com
www.jobsinthemoney.com
www.ladders.com
www.leasingworld.co.uk
www.lessors.com
www.MarketingJobs.com
www.monitordaily.com
www.monster.com
www.monstertrak.monster.com/
www.Postonce.com
www.RecruiterConnection.com
www.resumeblaster.com
www.theleasebog.com
www.vault.com
www.vetjobs.com
www.worktree.com
www.worldleasingnews.com

 

For a full listing of all “job wanted” ads, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

Other e-Mail Posting Sites:
http://www.leasingnews.org/Classified/Posting_sites.htm



[headlines]
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Ex-Main Street Leasing Employees
say “More than Salesmen Let Go”


Ex-Main Street Bank Leasing employees have sent emails regarding the story that ran on Friday. They stated is was more than salesmen and the "healthcare" unit.

Several of those let go said they were told Main Street was getting out of leasing, but they may have been mistaken as according to Chairman and CEO Thomas "Tom" Depping, the bank “Let a group of salespeople go as want to refocus the healthcare unit, get better rate to offer, satisfy the customers, and basically clean house, which is a good idea to do from time-to-time."

Here are a collection of edited emails with names withheld:

"In the Kingwood meeting I was in, there were 8 plus myself and none were in sales or specifically worked in healthcare. 6 employees from "Contract Administration" which reviews the documents and prepares deals for funding, only the 2 managers are left in the entire department, no one else. One person from Customer Service."

"Additionally a total of 5 people in the (Studebaker- Worthington) Jericho office were let go Wednesday afternoon. But management, to their credit handled it very professionally; first disconnecting their internet connections promptly at 3:30 PM and then informing them that the regulators forced the bank out of the leasing business."

"Sacramento had one full time person who prepared documentation, like contracts, addendums, and she was let go."

“It also appears there is only one person left in the Columbus, Ohio office, a credit analyst.”

Another ex-employee reports:

"3 Accounting, including a controller (AVP)

All of documentation, including 2 in Columbus, 2 in Jericho and 1 in Sacramento

Entire department that reviews documents, sets up funding and books the transactions leaving only the 2 managers to complete the pending transactions

1 in credit (AVP) (probably more - why would they keep credit if there is no one to do documents?)
1 Collections
1 Customer Service
All in Sales except 1 asst, an AVP, 2 top dogs in Jericho and 1 sales rep
1 in Funding was moved to acct for payment processing"

"So this has nothing to do with an industry. This covers retail, indirect, franchise, professional practice acquisitions, titled vehicles, fitness, security systems, nursing homes, etc.....

"The website has been re-done with the management bios being links except for Tom's which would make it much easier to delete them."


[headlines]
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Bank Beat--Of Four, two closed, two purchased


The 12 branches of Sun American Bank, Boca Raton, Florida, were closed Friday with First-Citizens Bank & Trust Company, Raleigh, North Carolina, purchasing and signing an agreement with the FDIC. The bank became the 23 to fail this year and the fourth in Florida.

"The biggest problem was asset quality,” Miami banking analyst Ken Thomas told The Palm Beach Post. “They grew very rapidly at the height of the market and took on a lot of assets that turned out to be problems.”

Started December 4, 1987, Sun American had 118 full time employees servicing the Miami-Fort Lauderdale-Pompano Beach, Florida area. The net equity from December 31, 2008 to December 31, 2009 dropped from $49.1 million to $8.7 million. They had two year in a row losses of $53.3 million and $40.9 million operating with a minus $40.9 operating income with a Tier 1 risk-based capital ratio 2.33%.

As of December 31, 2009, Sun American Bank had approximately $535.7 million in total assets and $443.5 million in total deposits. The FDIC and First-Citizens Bank & Trust Company entered into a loss-share transaction on $433.0 million of Sun American Bank's assets. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $103.8 million

http://www.fdic.gov/news/news/press/2010/pr10043.html

The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of Centennial Bank, Ogden, Utah.

The bank was closed Friday by the Utah Department of Financial Institutions, which appointed the FDIC as receiver.

The FDIC entered into an agreement with Zions First National Bank, Salt Lake City, Utah, to accept the failed bank's direct deposits from the federal government, such as Social Security and Veterans' payments.

The failed bank started April 2, 1997 and when closed had 50 full time employees. Equity had dropped from $20.7 million December 31, 2008 to $8.68 million December 31, 2009, reporting a $3.7 million loss the previous year and a loss of $12 million the end of last year after charge offs of $11.3 million ($8 million in construction and land development, $3.2 million in 1-4 family residential property. Tier 1 risk-based capital ratio 1.26%

"The bank incurred significant losses in ADC loans" -- acquisition, development and construction, Richard Schmalzer, regional ombudsman with the Federal Deposit Insurance Corp. told the Salt Lake Tribune. "Centennial Bank was identified [by FDIC] as a problem bank for more than a year."

"The bank, with branches in Ogden, Layton, Clinton, South Jordan and Orem, had about 3,000 depositors, a large number of them either brokered or Internet accounts, he said. The final total of uninsured deposits could be lower as regulators continue digging into the details of Centennial's accounts."
http://www.sltrib.com/business/ci_14526664
(Site also has the full story. editor)

The FDIC was unable to find another financial institution to take over the banking operations of Centennial Bank. As a result, checks to the retail depositors for their insured funds will be mailed today (Monday.) Brokered deposits will be wired once brokers provide the FDIC with the necessary documents to determine if any of their clients exceed the insurance limits.

Customers who placed money with brokers should contact them directly for more information about the status of their funds.

As of December 31, 2009, Centennial Bank had approximately $215.2 million in total assets and $205.1 million in total deposits. At the time of closing, the bank had an estimated $1.8 million in uninsured funds. This amount is an estimate that is likely to change once the FDIC obtains additional information from these customers.

Centennial Bank is the 26th FDIC-insured institution to fail this year and the second in Utah since Barnes Banking Company, Kaysville, was closed on January 15, 2010. The FDIC estimates the cost of the failure to its Deposit Insurance Fund to be approximately $96.3 million.

http://www.fdic.gov/news/news/press/2010/pr10046.html

Waterfield Bank, Germantown, Maryland, was closed Friday by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the insured depositors, the FDIC created Waterfield Bank, FA—a new depository institution chartered by the OTS and insured by the FDIC—to take over the operations of Waterfield Bank. The new institution will remain open until April 5, 2010, to allow depositors access to their insured funds and time to move accounts to other insured institutions.

The bank had gone from 151 full-time employees to 34 full time employees from December 31, 2008 to December 31, 2009.

The bank had a $4.4 million dollar equity December 31, 2008 and December 31, 2009 a negative $7.4 million equity. It had lost $5.7 million the previous year and lost $17.7 million December 31, 2009.Tier 1 risk-based capital ratio: -7.73%

The Los Angeles Times reported Waterfield Bank was “... a thrift operated from Irvine that had helped big companies, insurers and organizations such as AARP and the American Medical Assn. offer savings accounts, CDs and other banking products under the clients' names.”

According to the Los Angeles Times, “team of prominent financial figures, including an honor roll of California bankers, had teamed up with the wealthy Waterfield family in an attempt to use the small savings and loan as a vehicle to expand the private-label banking services offered by its parent company, Affinity Financial Corp. in Irvine.”

“Clients of Affinity's private-label services included the International Assn. of Fire Fighters, AARP Financial Inc., the AMA, the Air Force Assn., BMW, GE Capital and the International Brotherhood of Teamsters, according to Waterfield Group's website.”
http://latimesblogs.latimes.com/money_co/2010/03/feds-shut-down-bank-owned-by-irvine-company.html
(Full story also located in link above)

As of December 31, 2009, Waterfield Bank had $155.6 million in assets and $156.4 million in deposits. At the time of closing, the amount of deposits exceeding the insurance limits totaled about $407,000.Depositors with more than $250,000 at Waterfield Bank should call the FDIC at (800) 830-4735 to make an appointment to discuss the status of their funds.

The FDIC estimates that the cost to its Deposit Insurance Fund will be $51.0 million

http://www.fdic.gov/news/news/press/2010/pr10045.html

The two branches of Bank of Illinois, Normal, Illinois were taken over by Heartland Bank and Trust Company, Bloomington, Illinois. Founded in January 1, 1914 the bank had 41 full time employees to service the Bloomington-Normal area.

The bank had filed and won a judgment of $9.3 million against developed Larry Hundman, who reportedly was a part of the many commercial and residential projects in the Bloomington-Normal area.

FDIC spokesman Greg Hernandez said the bank had sustained significant loan losses in commercial real estate; and commercial and industrial loan portfolios. Those losses, coupled with weak real estate market conditions, were cited as the primary reasons for the bank's failure, he said.

Equity had dropped from $13.5 million December 31, 2008 to $4.8 million December 31, 2009. The Bank had lost $5.5 million December 31, 2008 and lost another $5.6 million December 31, 2009 after charging off $5.6 million ($2.8 commercial loans, $2.4 million real estate loans, $1.4 loans nonfarm residential, $565,000 1-4 family homes. Tier 1 risk-based capital ratio 1.74%

As of December 31, 2009, Bank of Illinois had approximately $211.7 million in total assets and $198.5 million in total deposits. Heartland Bank and Trust Company will pay the FDIC a premium of 3.61 percent to assume all of the deposits of Bank of Illinois, winning one of the seven bids submitted, it was reported.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $53.7 million.

http://www.fdic.gov/news/news/press/2010/pr10044.html

Previous Bank Beat columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Bank_Beat.htm

List of Bank Failures
http://www.fdic.gov/bank/individual/failed/banklist.html

[headlines]
--------------------------------------------------------------

Leasing Industry Help Wanted

Sales



Set Yourself Apart and Prosper

Interviewing highly skilled professionals
Motivated by success, rooted in integrity
Exclusive funding sources. Full Med/401(k)
Click Herefor more information.
Submit Resume To: smiscovich@stradacapital.com

About the Company: With over 10 years in business, Strada Capital Corporation exists to provide customized commercial finance solutions through our unique customer-centric approach. Our boutique firm is steadfast in providing personal attention, swift turnaround and extraordinary customer experiences.
Visit us at www.stradacapital.com


 






Please see our Job Wanted section for possible new employees.


[headlines]
--------------------------------------------------------------

Leasing #102 by Mr. Terry Winders, CLP


Capital Lease vs. Loan Clarification


There are many legal and tax questions regarding what is a "Capital Lease," usually with a $1.00 purchase option and a loan or "Equipment Finance Agreement."

The Office of the Controller of Currency and the Federal Reserve separates a Lease from a loan (including a $1 P.O.) for the following reasons:

1. A lease requires a non-cancelable term. A loan is cancelable
2. The accounting for Capital Leases ($1 P.O,) leases is different under GAAP requirements
3. A loan usually requires down payments, financial restrictions, or additional collateral. Leases do not contain any of these requirements.
4. Servicing a lease requires following for monthly sales tax, and annual property tax that does not exist in a loan.
5. Documentation for lease transactions requires documents not used in lending such as. Purchase orders, vendor invoices, sales tax remittance forms, acceptance forms and others.
6. Lease Insurance requires the lessee to purchase and provide "Liability" coverage in addition to the "Loss Payable Clause.
7. Lease documentation (master lease agreement) has requirements for equipment maintenance and return conditions not found in lending.
8. Lease documentation contains strong language and many defaults not found in loan documentation such as: equipment location; if location changes then sales tax changes. This requires a lease accounting package that can create location reports on multiple assets to insure proper tax remittance, or a default if equipment does not follow manufactures required maintenance schedule plus other requirements not found in traditional loan documentation.
9. Late charges on lease's are usually 5% of the payment or have a Minimum not found in Loans.
10. Lessee's use $1 leases to control costs if they are not using GAAP accounting

In short a lending department does not have the tools or the training to account for or handle an equipment lease regardless if the UCC decides it is an article 9 transaction.

Case law will only determine if the lease meets legal or tax standards and when I called the Office of the Controller of currency and the Federal Reserve for references they both said that they have never challenged $1 Purchase option leases.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at leaseconsulting@msn.com or 502-327-8666.
He invites your questions and queries.

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm


(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)

[headlines]
--------------------------------------------------------------


Top Stories March 1--5


Here are the top ten stories opened by readers:

(1) Leasing Companies Out of Broker Business—up-date
http://leasingnews.org/archives/Mar2010/3_3.htm#out_broker

(2) Main Street Bank Rumors Not True says Depping
http://leasingnews.org/archives/Mar2010/3_05.htm#main_street

(3) $7.6 Million Health Care Fraud Scheme
http://leasingnews.org/archives/Mar2010/3_3.htm#scheme

(4) National City Commercial $1.25MM BofWest $.93MM
http://www.nationaljewelernetwork.com/njn/content_display/colored-stones/color-market-reports/e3i2a2383a07ad64ff84cf1cc26b19b4a5f

(Tie) (5) Hawaii Tsunami---
http://leasingnews.org/archives/Mar2010/3_1.htm#tsunami

(Tie) (5) Pictures from the Past-1986
http://leasingnews.org/archives/Mar2010/3_3.htm#pictures

(Tie) (6) Leasing 102 by Mr. Terry Winders, CLP
"The Ignorance Plea"
http://leasingnews.org/archives/Mar2010/3_1.htm#ignorance

(Tie) (6) Sales make it Happen by Gerry Egan
"It may be time to ‘fire’ some vendors" Part I
http://leasingnews.org/archives/Mar2010/3_3.htm#vendors

(7) HL Leasing Scandal Up-Date
http://leasingnews.org/archives/Mar2010/3_05.htm#hl_leasing

(Tie) (8) Brican America another NorVergence or Recomm?
by Christopher Menkin, Publisher
http://leasingnews.org/archives/Mar2010/3_1.htm#brican_another

(Tie) (8) E.A.R. Equipment being Sold?
http://leasingnews.org/archives/Mar2010/3_1.htm#ear_sold

(9) Chuck Brazier to the Rescue at Brican America
http://leasingnews.org/archives/Mar2010/3_05.htm#brazier

(10) Allied Health Care Services, Orange, NJ---Part I
http://leasingnews.org/archives/Mar2010/3_05.htm#allied

Not counted for technical reasons:
**Dan Myerson - FLASH** (2/27)
http://leasingnews.org/archives/Feb2010/myerson_flash.html

[headlines]
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[headlines]
--------------------------------------------------------------

All Leasing News Lists

Broker/Lessor List "A"  
Broker/Lessor List "B"  
 
Funder List "A"  
Funder List "B"  
Funder/Superbroker Looking for New Broker Business  
Leasing Companies Out of Broker Business  
Outside Sales Commissions--Broker + Vendor  
Story Credit Lessor  
Super Brokers' List  

  Back Office Companies
  Financial and Sales Training
  Leasing Recruiters
  Leasing Schools/Franchisors
 
  Leasing Software Companies
 

 
 


  "The List"
--- Mergers, Acquisitions & Changes
"The Good, the Bad and the Ugly"--


[headlines]
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Santa Rosa, California ---Adopt a Dog

Two Brothers


Curly is a 10 year old Lab/Newfie/Chow Mix. Curly and his brother were abandoned by their owner. You can’t help but love them. They are sweet, affectionate, and obedient. Curly is just a big lover. Always has a smile on his face. Both are current on shots, neutered, micro-chipped and housebroken. If interested please contact Janet at 707- 776-4869 or stop by and visit them Moe loves to play fetch and brings the ball back most of the time.

Countryside Kennel
2410 Guerneville Road
Santa Rosa, California
Telephone: 707-494-0491
Fax: 707-641-7443
Email: mimussen@aol.com
http://www.countrysiderescue.com/


Adopt-a-Pet by Leasing Co. State/City
http://www.leasingnews.org/Conscious-Top%20Stories/Adopt_Pet.htm

Adopt a Pet
http://www.adoptapet.com/

[headlines]
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News Briefs----

Ben Judah gets Max 25 Year Sentence Lease Scam
http://lubbockonline.com/stories/030610/loc_571407729.shtml

previous stories:
http://www.leasingnews.org/archives/November%202009/11-16-09.htm#excel_leasing_pleads

‘The Hurt Locker’ Wins Big at Oscars
http://www.nytimes.com/2010/03/08/movies/awardsseason/08oscars.html?hp

[headlines]
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Sports Briefs----

Sites say Carr agrees to contract with SF 49ers
http://www.sfgate.com/cgi-bin/blogs/ninerinsider/detail?entry_id=58627&tsp=1

Fargas' first stop in searching for new team: Chiefs
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/03/07/SPHD1CCA2A.DTL


[headlines]
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“Gimme that Wine”

Viognier grapes thrive in Idaho
http://www.capitalpress.com/idaho/dw-Idaho-wine-030510

Slowing economy takes toll on Oregon wine industry
http://www.oregonlive.com/clackamascounty/index.ssf/2010/03/ slowing_economy_takes_toll_on.html

Just BYOB to These Wine-Storage Facilities
http://online.wsj.com/article/SB10001424052748703862704575099613292768580.html? mod=WSJ_latestheadlines

Wine People on the Move
http://www.winesandvines.com/template.cfm?section=news&content=71854 &htitle=Wine%20People%20on%20the%20Move

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Winery Atlas
http://www.carterhouse.com/atlas/

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm

The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.
http://www.liv-ex.com/

[headlines]
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Today's Top Event in History

1790—The first U.S. Census started this month and was completed on August 1. The population was placed at 3, 929, 625, including 697,624 salves and 59,557 free blacks. The most populous state was Virginia with 747,610 people, and the largest city was Philadelphia, with a population of 42,444. The center of U.S. population was about equally divided between New England and the Middle Atlantic States, and the South. Massachusetts was the only state to report no slaves.

The Encyclopedia of American Facts and Dates

[headlines]
----------------------------------------------------------------

This Day in American History

    1717 - On Fishers Island in Long Island Sound, 1200 sheep were discovered to have been buried under a snow drift for four weeks. When finally uncovered, one hundred sheep were still alive.
    1782 - In Gnadenhutten in the Ohio territory, American militiamen massacre 96 Christian Delaware Indians in retaliation for raids executed by other tribes.
    1790—The first U.S. Census started this month and was completed on August 1. The population was placed at 3, 929, 625, including 697,624 salves and 59,557 free blacks. The most populous state was Virginia with 747,610 people, and the largest city was Philadelphia, with a population of 42,444. The center of U.S. population was about equally divided between New England and the Middle Atlantic States, and the South. Massachusetts was the only state to report no slaves.
The Encyclopedia of American Facts and Dates
    1862- The Confederate ironclad Virginia destroyed two Union frigates at Hampton Roads, Va., whereupon the Virginia retired, leaving the Union blockade intact. The crew of the Monitor, following naval regulations, had been using only half charges in its two 12-inch guns.
    1862 - Nat Gordon, last pirate, was hanged in NYC for stealing 1,000 slaves.
    1863--In a daring raid with his commando-style raiders, Colonel John Mosby captured Union General E.H. Stoughton from his headquarters in Fairfax County Courthouse in Virginia . Mosby's irregular forces patrolled a northern area of Virginia that became known as Mosby's Confederacy. Supported by the local populace and reviled by his Northern enemies, Mosby's Rangers were one of the most successful of the Southern irregular forces.
    1888- Susan B. Anthony appeared before the Judiciary Committee of the House of Representatives for four days, appealing for the woman's right to vote. On June15, 1919, the passed what they called the “Anthony Amendment” which the states ratified on August 26, 1920, giving women the right to vote in the United States.
http://memory.loc.gov/ammem/today/mar08.html
    1909 - The town of Brinkley AR was struck by a tornado which killed 49 persons and caused 600,000 dollars damage. The tornado, which was two-thirds of a mile in width, destroyed 860 buildings. Entire families were killed as houses were completely swept away by the tornado. Tornadoes killed 64 persons and injured 671 others in Dallas and Monroe counties during the Arkansas tornado outbreak.
    1912—birthday of Louis Beavers. Her Hollywood careers spanned 30 years and more than 125 films. Though she was forced to play stereotypical roles, such as those of maids, her authentic talent was always apparent. Her starring role in the film Imitation of Life earned her high praise. Beavers was a member of the Black Filmmakers Hall of Fame. She also played the title role in the TV series ‘Beulah' (1951—53). Born at Cincinnati, Ohio, died at Los Angeles, Oct 26, 1962.
    1913- The Internal Revenue Service began to levy and collect income taxes. The 16th Amendment to the Constitution, ratified Feb 3, 1913, gave Congress the authority to tax income. The US had also levied an income tax during the Civil War. President Abraham Lincoln signed into law a bill levying a 3 percent income tax on annual incomes of $600—$10,000, and 5 percent on incomes of more than $10,000. The revenues were to help pay for the Civil War. This tax law actually went into effect, unlike an earlier law passed August 5, 1851, making it the first income tax levied by the US. It was rescinded in 1872.
    1918-Arranger/tenor sax/trombone player/bank leader Sam Donahue Birthday
http://www.hepjazz.com/bios/samdon.html
http://www.centrohd.com/biogra/d2/sam_donahue_b.htm
http://entertainment.msn.com/artist/?artist=151579
    1922- Carl Furillo, baseball player born at Stony Creek Mills, PA. Furillo played right field for the Brooklyn Dodgers “Boys of Summer” teams of the late 1940's and 1940's. He compiled a .299 lifetime batting average and was known for his strong throwing arm, giving rise to his nickname, the “reading Rifle.” Died at Stony Creek Mills, Jan 21, 1989.
    1925 - Bernard McFadden was a physical culturist who had a radio show in New York City. He failed to show up this day for his daily morning program, causing a young, studio engineer, John Gambling, to ad-lib on the air for a solid hour. As a result, the radio station (WOR) decided to give Gambling the morning announcer's job. John Gambling stayed at WOR for many years, then turned the mike over to his son, who, finally, turned the program over to his son ... all named John. Mr. Gambling's "Rambling with Gambling" program attracted tri-state (New York, New Jersey, Connecticut) audiences in record numbers for over 70 years on the 50,000 watt talk-radio powerhouse at 710 AM on your radio dial from New York each morning.
    1927--Birthday of pianist Dick Hyman, perhaps best known as the music director for Arthur Godfrey.
    1934 - Edwin Hubble photo showed as many galaxies as Milky Way has stars.
    1935-Trumpet player Wingy Manone records, “ Isle of Capri.”
    1935 -- Thomas Wolfe's second novel, Of Time and the River, is published to great acclaim.
http://library.uncwil.edu/wolfe/wolfe.html
http://www.ah.dcr.state.nc.us/sections/hs/wolfe/wolfe.htm
    1935-saxophone player George Coleman born Memphis TN
http://entertainment.msn.com/artist/?artist=228859
http://www.duke.edu/~bsb5/jazz/one.html
http://stevekhan.com/coleman.htm
    1936-guitarist Gabor Szabo born Budapest, Hungry. Died February 26, 1982
http://www.dougpayne.com/bio.htm
http://www.dougpayne.com/bio2.htm
    1940- Cab Calloway Band records “Diz's Pickin' the Cabbage,” perhaps the first Dizzy Gillespie music recorded.
    1943-MATHIS, JACK W. (Air Mission)  Medal of Honor
Rank and organization: First Lieutenant, U.S. Army Air Corps, 359th Bomber Squadron, 303d Bomber Group. Place and date: Over Vegesack, Germany, 18 March 1943. Entered service at: San Angelo, Tex. Born: 25 September 1921, San Angelo, Tex. G.O. No.: 38, 12 July 1943. Citation: For conspicuous gallantry and intrepidity above and beyond the call of duty in action with the enemy over Vegesack, Germany, on 18 March 1943. 1st Lt. Mathis, as leading bombardier of his squadron, flying through intense and accurate antiaircraft fire, was just starting his bomb run, upon which the entire squadron depended for accurate bombing, when he was hit by the enemy antiaircraft fire. His right arm was shattered above the elbow, a large wound was torn in his side and abdomen, and he was knocked from his bomb sight to the rear of the bombardier's compartment. Realizing that the success of the mission depended upon him, 1st Lt. Mathis, by sheer determination and willpower, though mortally wounded, dragged himself back to his sights, released his bombs, then died at his post of duty. As the result of this action the airplanes of his bombardment squadron placed their bombs directly upon the assigned target for a perfect attack against the enemy. 1st Lt. Mathis' undaunted bravery has been a great inspiration to the officers and men of his unit.
    1948-1960s pop singer Little Peggy March, whose real name is Margaret Battavio, was born in Lansdale, Pennsylvania. She was heard singing at a cousin's wedding, and someone passed the word along to RCA Victor. She was only 15 when she recorded "I Will Follow Him," which topped the Billboard Hot 100 in the spring of 1963.
http://www.peggymarch.net/pm.htm
    1951-Pianist James Williams born Memphis, TN
http://jameswilliamspiano.com/
http://www.pianospot.net/cat2/1702937.html
    1954- the Milwaukee Hawks and the Baltimore Bullets played the only two-team doubleheader in NBA history. The Hawks won both games, 64-54 and 65-54.
    1955---Top Hits
Sincerely - McGuire Sisters
The Crazy Otto (Medley) - Johnny Maddox
The Ballad of Davy Crockett - Bill Hayes
In the Jailhouse Now - Webb Pierce
    1959-Just four weeks after being released, Frankie Avalon's "Venus" tops the US singles chart. Al Martino was offered the song first, but he turned it down.
    1963---Top Hits
Walk like a Man - The 4 Seasons
Rhythm of the Rain - The Cascades
You're the Reason I'm Living - Bobby Darin
The Ballad of Jed Clampett - Flatt & Scruggs
    1964 -- Malcolm X announces split with Nation of Islam.
http://www.brothermalcolm.net/mxtimeline.html#sixtyfive
    1965-The first U.S. combat forces in Vietnam, more than 3500 Marines, landed in South Vietnam to guard the U.S. Air Force base at Da Nang. They joined 23,500 other Americans serving as “advisers” in South Viet Nam. The United States began supplying Viet Nam with troops to fight the Japanese. In 1945, Lt. Col. A. Peter Dewey, head of American OSS mission, was killed by Vietminh troops while driving a jeep to the airport. Reports later indicated that his death was due to a case of mistaken identity -- he had been mistaken for a Frenchman. in 1945. After World War II, to stop communism, President Truman sent over military advisors. The first American to be killed was an OSS officer. In 1950, more aid was sent; $10 million dollars and 35 troops. Eisenhower continued this policy. During his term, Eisenhower will greatly increase U.S. military aid to the French in Vietnam to prevent a Communist victory. U.S. military advisors will continue to accompany American supplies sent to Vietnam. To justify America's financial commitment, Eisenhower will cite a 'Domino Theory' in which a Communist victory in Vietnam would result in surrounding countries falling one after another like a "falling row of dominoes." The Domino Theory will be used by a succession of Presidents and their advisors to justify ever-deepening U.S. involvement in Vietnam. Kennedy continued this policy. On December 21, 1961 that President Kennedy sent troops to Vietnam, actually 425 helicopter crewmen to provide support and training for South Vietnamese forces. It was not until Johnson had made promises to send in troops on his visit to Viet Nam. In 1961, during a tour of Asian countries, Vice President Lyndon Johnson visits Diem in Saigon. Johnson assures Diem that he is crucial to US objectives in Vietnam and calls him "the Churchill of Asia." It was he who was promoting a war to “stop communism.” He did not want to appear “soft. History shows the first ground troops sent to Vietnam were 3,500 Marines who landed at the port of Da Nang in South Viet Nam on March 8,1965, authorized by President Johnson. The Marine's mission was to guard the air base there. They raised the total U.S. troop strength in Vietnam to 27,000. Eventually over 400,000 troops would be in Southeast Asia. It was Johnson's war. It was the reason he did not seek a second term.
http://www.english.uiuc.edu/maps/vietnam/timeline.htm
http://www.landscaper.net/timelin.htm
http://www.historyplace.com/unitedstates/vietnam/index-1945.html
http://mil.citrus.cc.ca.us/cat2courses/HIST155/Briefings/BRIEF1.HTM
    1968-Tommy Moore, 6 years old, made a hole-in-one at the Woodbrier Golf Course in Hagerstown, MD.
    1968 -- Bill Graham, owner of the Fillmore, San Francisco's legendary rock ballroom, opens Fillmore East in New York City. Opening bill features Albert King, Tim Buckley & Big Brother & the Holding Company.
    1968 -- Meanwhile, back in the Frisco Bay area, Cream, James Cotton Blues Band, Jeremy Satyrs, & Blood Sweat & Tears at the Fillmore Auditorium. Over to the Avalon Ballroom is Love, Congress of Wonders, & Sons of Champlin.
http://www.sfmuseum.org/hist1/rock.html
    1969 - Sly and the Family Stone began their fourth, and final, week at number one on the pop music charts with "Everyday People". When he was presented with the gold record for this achievement, Sly ripped it out of its case and played it, to hear, "People", by Barbra Streisand. He was heard to utter a few not printable words.
    1971---Top Hits
One Bad Apple - The Osmonds
Mama's Pearl - The Jackson 5
Me and Bobby McGee - Janis Joplin
I'd Rather Love You - Charley Pride
    1971- Joe Frazier won a 15-round unanimous decision over Muhammad Ali at New York's Madison Square Garden to become the heavyweight champion of the world. For the night, both Frazier and Ali collected $2,500,000.
    1971-a snowstorm dropped 10 to 20 inches of new snow across Vermont to raise snow depths to record levels. 116 inches was measured on the ground on top of Mount Mansfield, the second highest snow depth ever recorded on the mountain up to the time. The town of Orange measured 88 inches on the ground for a new state low elevation snow depth record.
    1975 - Olivia Newton-John reached #1 on the pop charts with "Have You Never Been Mellow". Olivia also reached the top spot with "I Honestly Love You", "You're the One That I Want" (with John Travolta), "Magic" and "Physical".
    1976- Gary Wright is awarded a gold record for "Dream Weaver."
    1979---Top Hits
Da Ya Think I'm Sexy? - Rod Stewart
I Will Survive - Gloria Gaynor
Tragedy - Bee Gees
Golden Tears - Dave & Sugar
    1986- Martina Navratilova became the first woman tennis player to pass the $10 million mark in career earnings. She also set the single year record, $2,173,556 in 1984.
    1987 -a record 24 hour temperature fall began at Detroit, Michigan. It started at 1:00 PM EST with a temperature of 74 degrees when a sharp cold front dropped the temperature down to 23 degrees at 1:00 PM EST on the 9th. The total temperature fall for the 24 hour period was 51 degrees. - Thirty-two cities in the eastern U.S. reported new record high temperatures for the date, including Madison WI with a reading of 71 degrees. Afternoon highs of 68 degrees at Houghton Lake MI and 74 degrees at Flint MI smashed their previous records for the date by fourteen degrees.
    1987---Top Hits
Livin' ---Top Hits on a Prayer - Bon Jovi
Jacob's Ladder - Huey Lewis & The News
Somewhere Out There - Linda Ronstadt & James Ingram
Mornin' Ride - Lee Greenwood
    1990 - Late afternoon thunderstorms produced severe weather in east central Iowa and west central Illinois. Thunderstorms spawned a tornado south of Augusta IL which traveled 42 miles to Marbleton. Golf ball size hail was reported at Peoria IL and near Vermont IL.
    1992 -in the first 8 days of March, Las Vegas, Nevada recorded 1.87 inches of rain. This set a new monthly record for rainfall in March. The previous record was 1.83 inches set in 1973.
    1994- Scottie Pippen and Pete Myers of the Chicago Bulls became the first teammates in NBA history to make four point plays in the same game. A four-point play is a three-point field goal followed by a free throw. The bulls beat the Atlanta Hawks, 116-95.
    1994-a major snowstorm buried sections of Oklahoma, Missouri, and Arkansas. Ozark Beach, Missouri recorded 19 inches of snow, while Harrison, Arkansas checked in with 18 inches. Tulsa, Oklahoma had 12.9 of snow, for its greatest single storm snowfall ever.
    1994---Top Hits
The Sign- Ace Of Base
The Power Of Love- Celine Dion
Whatta Man- Salt-N-Pepa Featuring En Vogue
Without You/Never Forget You- Mariah Carey
    1996 -Elkins, West Virginia received 2.1 inches of snow on this day to bring its seasonal snowfall to 125.8 inches -- its snowiest winter on record.
    1996 - An updated remake of La Cage Aux Folles, The Birdcage starring Robin Williams, Nathan Lane, Gene Hackman, Dianne Wiest, and Calista Flockhart, opened in United States theaters. The farcical film, directed by Mike Nichols, won a Screen Actors Guild award for Outstanding Performance by a Cast.

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Winter Poem

To Look Forward to Spring
by Salle Safford

The rains will come
The snow will fall,
A chill in the air
Bitter cold.

The trees will be bare
For the months ahead,
And the world will
Seem drab and old.

But soon the trees
Will bud again,
And the birds will
Begin to sing.

As they pronounce
To the world,
There is hope ahead
And an open door to spring


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Daily Puzzle

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Traffic Live---

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Independent, unbiased and fair news about the Leasing Industry.
 

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