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Monday, March 13, 2023

Today's Leasing News Headlines

U.S. gov't guarantees all Silicon Valley Bank deposits
    Money available Monday
Silicon Valley Bank, Santa Clara, California added to
  No Longer taking Broker/Discounting Business
    Plus Finance and Leasing Companies Out of Business
FDIC Creates a Deposit Insurance to Protect Insured
    Depositors of SVB, Santa Clara, CA
Company Offering to Purchase Funds
    For SVB “ERC credits” from $75,000 and up
Silicon Valley Bank News Briefs
    Bank Closure
New Hires/Promotions in the Leasing Business
    And Related Industries
Leasing and Finance Industry Help Wanted
    We Are Growing Our Senior Sales Team Now!
Top Ten Leasing News Read by Readers
    March 6 to March 10
Foreclosure Filings up 18% YoY
    By Keyle G. Hors, DS News
Parson (Jack) Russell Terrier Mix
    Santa Clara, California Adopt-a-Dog
News Briefs ---
31% of new cars sold for above sticker price last month.
    These 10 models have the biggest premiums
Oil giant Saudi Aramco records
    historic $161 billion profit in 2022
3 Lessons From Silicon Valley Bank’s Failure
    extremely online clientele may have contributed to its downfall
52 feet and counting: Lake Tahoe, California
    grapples with ‘ginormous’ snowpack
Girl Scout cookies crumble under
    supply chain woes, labor shortage
Silicon Valley Bank’s Meltdown Visualized
    The second-largest bank failure in U.S. history in graphics
Wall Street Braces for the Next Silicon Valley Bank
Shares of regional banks tumble amid concern

You May Have Missed
The Second-Biggest Bank Failure. From 2008 to
    2015, more than 500 federally insured bank

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months
Sales Make It Happen

 This Day in History
   Daily Puzzle
     Weather, USA or specific area
      Traffic Live----

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


U.S. government guarantees all Silicon Valley Bank deposits
Money available Monday

Financial regulators said Sunday night depositors of the failed Silicon Valley Bank will have access to all of their money starting Monday, March 13, while announcing new facilities to backstop deposit withdrawals across the banking system amid fears of contagion following SVB's shock failure last week.

In a joint statement, the heads of the Federal Reserve, Treasury Department, and FDIC said: "After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors.

"Depositors will have access to all of their money starting Monday, March 13," the statement added. "No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer."

Full story:

U.S. government guarantees all Silicon Valley
     Bank deposits, money available Monday March 13, 2023

Regulators offer plan to 'ensure U.S. banking system continues to perform its vital roles'


Silicon Valley Bank, Santa Clara, California added to
No Longer taking Broker/Discounting Business
plus Finance and Leasing Companies Out of Business

Companies with an * are no longer in business. The others are companies that were taking broker business, but announced that they no longer are accepting broker business. Many have also down-sized or are managing an existing portfolio. This does not include companies merged or acquired who are still in business.

Any updates or changes, please contact:

Full List: 


FDIC Creates a Deposit Insurance to Protect Insured
Depositors of Silicon Valley Bank, Santa Clara, California

Note: SVB was high on venture capital funds, technology, and the wine industry, which brought withdrawal frenzy as they evidently started a panic which brought the FDIC to close them down immediately. Many company and individuals depositions had millions of dollars of uninsured deposits.

For nearly 30 years, the bank has been the go-to financial institution for the California wine industry. But now, an estimated thousands of wineries are locked out of their Silicon Valley Bank accounts — and they don’t know if, or when, they’ll get access to their money. - Kit

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

FIDC official Press Release

WASHINGTON - Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect insured depositors ($250,000 maximum. Editor), the FDIC created the Deposit Insurance National Bank of Santa Clara (DINB). At the time of closing, the FDIC as receiver immediately transferred to the DINB all insured deposits of Silicon Valley Bank. 

All insured depositors will have full access to their insured deposits no later than Monday morning, March 13, 2023. The FDIC will pay uninsured depositors an advance dividend within the next week.  Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds. As the FDIC sells the assets of Silicon Valley Bank, future dividend payments may be made to uninsured depositors.

Silicon Valley Bank had 17 branches in California and Massachusetts.  The main office and all branches of Silicon Valley Bank will reopen on Monday, March 13, 2023. The DINB will maintain Silicon Valley Bank’s normal business hours. Banking activities will resume no later than Monday, March 13, including on-line banking and other services. Silicon Valley Bank’s official checks will continue to clear.  Under the Federal Deposit Insurance Act, the FDIC may create a DINB to ensure that customers have continued access to their insured funds. (Note:
uninsured deposits will be settled after (or perhaps some parts)
as assets are sold and cash collected by the FDIC).

As of December 31, 2022, Silicon Valley Bank had approximately $209.0 billion in total assets and about $175.4 billion in total deposits. At the time of closing, the amount of deposits in excess of the insurance limits was undetermined. The amount of uninsured deposits will be determined once the FDIC obtains additional information from the bank and customers.

Customers with accounts in excess of $250,000 should contact the FDIC toll-free at 1-866-799-0959.

The FDIC as receiver will retain all the assets from Silicon Valley Bank for later disposition. Loan customers should continue to make their payments as usual.

Silicon Valley Bank is the first FDIC-insured institution to fail this year. The last FDIC-insured institution to close was Almena State Bank, Almena, Kansas, on October 23, 2020.

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


Company Offering to Purchase Funds
for SVB “ERC credits” from $75,000 and up

Employee Retention Credit | Internal Revenue Service

This was posted on LinkedIn:

“To all companies affected by the unfortunate collapse of Silicon Valley Bank and are struggling or will be struggling for liquidity, Finance ERC can help you monetize your Employee Retention Credit (ERC / ERTC) today rather than waiting for your checks to arrive at some point in the future from the IRS.

“Please DM me directly and feel free to tag anyone that might be affected. We have purchased ERC credits from $75,000 and up with the ability to provide liquidity in the form of several million dollars for larger ERCs. #svb #siliconvalleybank #erc #ertc”

David Goldin
Founder & CEO of Capify / Head of Originations at Lender Capital Partners / Co-Founder & Managing Member - Finance ERC, Boca Raton, Florida


Silicon Valley Bank News Briefs
Bank Closure

(This relates to many other industries and companies)

Roku warns it has $487 Million held
in deposits with Silicon Valley Bank 

(He told investors not to panic, but nevertheless...)

Silicon Valley Bank CEO sold $3.5 Million
in shares just two weeks before collapse

(This is very serious for many wineries)

Silicon Valley Bank collapse is causing
a financial crisis for California’s wine industry


New Hires/Promotions in the Leasing Business
and Related Industries

Rahul Dheer was hired as Recruitment Lead, Talent Acquisition Specialist, Keasis, Jersey City, New Jersey.  He is located In Edison, New Jersey. Previously, he was Senior Talent Acquisition Specialist, Centipoise (April, 2021 = March, 2023); Senior Talent Acquisition and Leadership Hiring, E-Specialist (November, 2019 – April, 2021) Talent Acquisition and Leadership Hiring, United Software Group, Inc. (January, 2018  - November, 2019): Talent Acquisition and Leadership Hiring (RG Talent Inc. (June, 2017 – December, 2017)

Trevor Hatton was hired as Recruitment Consultant, Philadelphia, Pennsylvania. He is located in Greater Philadelphia. Previously, he was Business Development Manager, NewLane Finance (February, 2021 – March, 2023); Business Development Manager, Marlin Capital Solutions (July, 2019 – February, 2021).

Charles Polansky, CPA, was hired as Chief Accounting Officer, Delta Financial Group, Basking Ridge, New Jersey.  He is located in Tampa, Florida. Previously, he was Vice President and Chief Financial Officer, J. B. Thome & Company. Full Bio:

German Ruiz was hired as Director of Business Development, Madison Capital, Ownings Mill, Maryland. He is located in Orange County, California. He previously was at Balboa Capital, April, 2018, as Account Executive, He joined the firm April, promoted August, 2018, Account Executive 2; promoted April, 2019, Account Manager, then Sales Manager (February, 2020 – March, 2023); Operations Manager, Better Life Organics (2012 – 2017).

Young Smith was hired as Account Manager, 360 Equipment Finance, Austin, Texas. Previously, he was Venture Analyst, Newchip Accelerator (October, 2022 – March, 2023); Cloud Automation Specialist, Morpheus Data/Hybrid Cloud Management Platform (October, 2021 – March, 2022).


Leasing and Finance Industry Help Wanted


Top Ten Leasing News Read by Readers
March 6 to March 10

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

(2) (Founded by the late, great, Larry LaChance)
  Bankers Capital  Updated in Funders "A", Funders
Looking for Broker Business, Looking for “New” Brokers

(3) Know When It is Time to Move On
The Ultimate Hire by Ken Lubin, ZRG Partners

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

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

(6) The Best and Worst Countries for Women Worldwide
Countries ranked by quality of Women’s lives 2021

(7) U.S. Labor Market Falls Below
Inflation by 1 percent

(8) Verde and Chesswood Announce Forward Flow
Agreement for Tandem Finance and Pawnee

(9) CLFP Exam
Average Completion Times

(10) Attendees List to Date
  34th Annual ELFA National Funding Conference
March 14, 2023 - March 16, 2023 Chicago, IL.


Foreclosure Filings up 18% YoY
By Keyle G. Hors, DS News

Foreclosures are a given in any market conditions, but as rates rise and the cost to borrow money becomes more expensive, foreclosures are becoming a much more common occurrence.

According to a new report from ATTOM Data, they reported a total of 30,528 American properties with some sort of foreclosure filing against it, up 18% year-over-year.

“Foreclosure activity finally started to stabilize in February after 21 straight months of increases,” said Rob Barber, CEO at ATTOM. “The numbers don’t yet show a clear trend toward fewer foreclosures, partly because February is a short month. But with historically high levels of home equity flowing from a decade of rising values, we may be seeing a growing number of delinquent mortgage payers with at least the option to sell before facing foreclosure.”

Overall, lenders repossessed 3,831 properties in February 2023, dipping 2% from January, but up 45% from last year.

Foreclosure starts decreased monthly as lenders started the foreclosure process in 20,360 properties in February, down 2% but up 23% from a year ago.

All of this boils down to a nationwide figure of 1-in-4,574 homes with a foreclosure filing against it States with the highest foreclosure rates were New Jersey (one in every 2,271 housing units with a foreclosure filing); Maryland (one in every 2,390 housing units); Illinois (one in every 2,443 housing units); Nevada (one in every 2,854 housing units); and Indiana (one in every 2,956 housing units).


Parson (Jack) Russell Terrier Mix
Santa Clara, California Adopt-a-Dog


8 Years old

Shelter Staff made the following comments about this animal:
Well hello, my name is Poppy! I'm probably the cutest thing you've seen today, am I right?! I hope my new family will be patient and work with me and encourage me to become the confident pup I know I can be! I can't wait to find a home where I will be loved forever! For more information contact the Silicon Valley Animal Control Authority (SVACA) at 408-764-0344 or visit

Silicon Valley Animal Control
370 Thomas Road
Santa Clara, CA 95054


News Briefs---

31% of new cars sold for above sticker price last month
    These 10 models have the biggest premiums

Oil giant Saudi Aramco records
    historic $161 billion profit in 2022

3 Lessons From Silicon Valley Bank’s Failure
    extremely online clientele may have contributed to its downfall

52 feet and counting: Lake Tahoe, California
    grapples with ‘ginormous’ snowpack

Girl Scout cookies crumble under
    supply chain woes, labor shortage

Silicon Valley Bank’s Meltdown Visualized
    What the second-largest bank failure in U.S. history looks like in graphics

Wall Street Braces for the Next Silicon Valley Bank
Shares of regional banks tumble amid concern


You May Have Missed---

The Second-Biggest Bank Failure. From 2008 to
    2015, more than 500 federally insured bank


This Day in American History

        1565 - Smoking of tobacco was introduced to England by John Hawkins. Hawkins was primarily a slave trader, carrying Africans to the West Indies. Most of his dealings were with the Spanish in the West Indies, but during his second trip to the region visited the small French colony in Florida and learned to smoke tobacco from the colonists, who had learned from the Indians. Hawkins returned to Eng­land with a shipload of tobacco. He described the Indian use of the plant this way: “The Floridians when they travel have a kind of herb dried, who with a cane and an earthen cap in the end, with fire, and dried herbs put together, doe sucke thorow the cane the smoke thereof, which smoke satisfieth their hun­ger, and therwith they live foure or five days without meat or drinke, and this all the Frenchmen used for this purpose.”
    1639 - New College was renamed Harvard College for clergyman John Harvard.
    1687 - Father Eusebio Kino, 42, an Italian-born Jesuit in the service of Spain, began missionary labors in the American Southwest. In all, Kino established 25 Indian missions in the area now divided between northern Mexico and Arizona.
    1781 - The planet Uranus was discovered by Sir William Herschel.
    1789 - Young Enoch Brooks inscribed his name in this children's Bible in Princeton, New Jersey. Now a rare artifact of Americana, Brooks' book is one of four extant copies of “A Curious Hieroglyphick Bible.” With nearly five hundred woodcuts by American artists, this Bible was the most ambitious woodcut volume produced in America up to that time. He was not only a prolific printer of children’s books but at one time owned more than 20 book stores in the Boston, MA area.
    1791 - Thomas Paine's “The Rights of Man” was published in London.
    1794 - Eli Whitney received a patent for the cotton gin, allegedly based on the ideas and concept of a Black slave on a plantation he was visiting. Whether he, the black slave, or Katherine Greene, the owner of the plantation he was visiting, came up with the concept of wire cleaning the cotton balls is a matter of historic controversy. Whitney's cotton gin was capable of maintaining a daily output of 50 lb. of cleaned cotton and its effect was far-reaching, making southern cotton a profitable crop for the first time. Whitney, however, failed to profit from his invention. Numerous imitations appeared, and his 1794 patent was not validated until 1807. This made cotton a major crop in the South where slaves were “imported” to meet the demand, and who could be utilized for other crops due to this invention. “By the early 1800's, more than 700,000 slaves lived in the South. They accounted for about a third of the region's people. By 1860, the slave states had about 4 million slaves. Slaves outnumbered whites in South Carolina and made up over half the population in both Maryland and Virginia. Slavery began to develop even deeper roots in the South after Eli Whitney of Massachusetts invented his cotton gin in 1793. This machine removed the seeds from cotton as fast as 50 people working by hand and probably contributed more to the growth of slavery than any other development. Whitney's gin enabled farmers to meet the rapidly rising demand for cotton. As a result, the Southern cotton industry expanded, and cotton became the chief crop in the region. The planters needed more and more workers to pick and bale the cotton, which led to large increases in the slave population. The thriving sugar cane plantations of Louisiana also used many slaves during the first half of the 1800's. By 1860, about 4 million slaves lived in the South.” It is stated that in 1860, one in three people in the South were slaves.
    1798 - Birthday of Abigail Fillmore (d. 1853), first wife of Millard Fillmore, 13th president of the US, was born at Stillwater, NY. It is said that the White House was without any books until Abigail Fillmore, formerly a teacher, made a room on the second floor into a library. Within a year, Congress appropriated $250 for the president to spend on books for the White House. 
    1804 – Absalom Jones was a lay minister at the interracial congregation of St. George’s Methodist Church. Together with Richard Allen, he was one of the first African Americans licensed to preach by the Methodist Church.  As 1791 began, Jones wanted to establish a black congregation independent of white control, while remaining part of the Church. After a successful petition, the African Episcopal Church of St. Thomas, the first black church in Philadelphia, opened its doors on July 17, 1794.  Jones was ordained as a deacon in 1795 and as a priest on March 13, 1804, becoming the first African-American priest in the Episcopal Church.
    1813 - Lorenzo Delmonico (d. 1881) was born in Marengo, Switzerland and was invited to join his uncles in their successful pastry shop and catering business in New York in 1831. He soon transformed the business into one of the first, best, most elegant and famous restaurants in the country, Delmonico’s. Lorenzo was not a chef, but he purchased the food and created the very extensive menu. He helped make the concept of the 'restaurant' an acceptable and successful one. After many moves the final Delmonico’s restaurant was forced to close in 1923, a victim of Prohibition.
    1836 - Houston retreats from Santa Anna's army. Less than a week after the disastrous defeat of Texas rebels at the Alamo, the newly commissioned Texas General Sam Houston begins a series of strategic retreats to buy time to train his ill-prepared army. Revolutionary Texans had only formally announced their independence from Mexico 11 days earlier. On March 6, 1836, the separatists chose Sam Houston to be the commander-in-chief of the revolutionary army. Houston immediately departed for Gonzales, Texas, where the main force of the revolutionary army was stationed. When he arrived, he found that the Texas army consisted of 374 poorly dressed and ill-equipped men. Most had no guns or military experience, and they had only two days of rations. Houston had little time to dwell on the situation, because he learned that the Mexican general Santa Anna was staging a siege of the Alamo in San Antonio. Before Houston could prepare his troops to rush to aid the defenders, however, word arrived that Santa Anna had wiped them out on March 6. Scouts reported that Santa Anna's troops were heading east toward Gonzales. Unprepared to confront the Mexican army with his poorly trained force, Houston began a series of strategic retreats designed to give him enough time to whip his army into fighting shape. Houston's decision to retreat won him little but scorn from the Texas rebels. His troops and officers were eager to engage the Mexicans, and they chafed at Houston's insistence on learning proper field maneuvers. Houston wisely continued to organize, train, and equip his troops so they would be prepared to meet Santa Anna's army. Finally, after nearly a month of falling back, Houston ordered his men to turn around and head south to meet Santa Anna's forces. On April 21, Houston led his 783 troops in an attack on Santa Anna's force of nearly twice that number near the confluence of Buffalo Bayou and the San Jacinto River. With the famous cry, "Remember the Alamo," the Texans stormed the surprised Mexican forces. After a brief attempt at defense, the Mexican soldiers broke into a disorganized retreat, allowing the Texans to isolate and slaughter them. In a stunning victory, Houston's army succeeded in killing or capturing nearly the entire Mexican force, including General Santa Anna, who was taken prisoner. Only two Texans were killed and 30 wounded. Fearful of execution, Santa Anna signed an order calling for the immediate withdrawal of all Mexican troops from Texas soil. The Mexicans never again seriously threatened the independence of the Lone Star Republic.
    1846 - In San Francisco, Colonel Castro issued a proclamation that declared John Frémont and his party to be a band of highwaymen.
    1852 - "Uncle Sam" made his debut as a cartoon character in the New York Lantern. 
    1855 – Percival Lowell (d. 1916) was born in Boston.  Businessman, author, mathematician, and astronomer who fueled speculation that there were canals on Mars. He founded the Lowell Observatory in Arizona and formed the beginning of the effort that led to the discovery of Pluto 14 years after his death.
    1865 - Slaves were assigned to military duty in the Confederate Army by a bill signed by President Jefferson Davis. During the Civil War, blacks not only had related jobs, but also were uniformed soldiers and officers. CSA General Patrick Cleburne had suggested enlisting slaves a year before, but few in the Confederate leadership considered the proposal, since slavery was the foundation of southern society. One politician asked, "What did we go to war for, if not to protect our property?" Another suggested, "If slaves will make good soldiers, our whole theory of slavery is wrong." General Lee weighed in on the issue and asked the Confederate government for help. "We must decide whether slavery shall be extinguished by our enemies and the slaves be used against us, or use them ourselves." Lee asked that the slaves be freed as a condition of fighting, but the bill that passed the Confederate Congress on March 13 did not stipulate freedom for those who served. The measure did nothing to stop the destruction of the Confederacy. Several thousand blacks were enlisted in the Rebel cause, but they could not begin to balance out the nearly 200,000 blacks that fought for the Union.
    1868 - The US Senate began its trial to impeach President Andrew Johnson. For the first time in the nation’s history, a president was impeached. Pres. Johnson was accused by Congress of having violated the Tenure of Office Act of 1867 which forbade the president to discharge any federal officer holder appointed “by and with the consent of the Senate.” Johnson tested the act by removing Secretary of War Edwin M. Stanton on February 21. The impeachment was brought largely because the radical Republicans bitterly opposed Johnson’s plans for Reconstruction. Johnson’s firing of Stanton gave them the opportunity they had been seeking. On February 24, the House of Representatives voted to impeach. The US Senate trial began on this date. Sworn in as president after Lincoln's assassination in April 1865, President Johnson enacted a lenient Reconstruction policy for the defeated South, including almost total amnesty to ex-Confederates, a program of rapid restoration of U.S. state status for the seceded states, and the approval of new, local Southern governments, which were able to legislate "black codes" that preserved the system of slavery in all but name. The Republican-dominated Congress greatly opposed Johnson's Reconstruction program and passed the "Radical Reconstruction" by repeatedly overriding the president's vetoes. Under the Radical Reconstruction, local Southern governments gave way to federal military rule, and African-American men in the South were granted the constitutional right to vote. In March 1867, in order further to weaken Johnson's authority, Congress passed the Tenure of Office Act over his veto. The act prohibited the president from removing federal office holders, including Cabinet members, who had been confirmed by the Senate, without the consent of the Senate. It was designed to shield members of Johnson's Cabinet like Secretary of War Edwin M. Stanton, who was appointed during the Lincoln administration and was a leading ally of the so-called Radical Republicans in Congress. In the fall of 1867, Johnson attempted to test the constitutionality of the act by replacing Stanton with General Ulysses S. Grant. However, the U.S. Supreme Court refused to rule on the case and Grant turned the office back to Stanton after the Senate passed a measure in protest of the dismissal. On February 21, 1868, Johnson decided to rid himself of Stanton once and for all and appointed General Lorenzo Thomas, an individual far less favorable to the Congress than Grant, as Secretary of War. Stanton refused to yield, barricading himself in his office, and the House of Representatives, which had already discussed impeachment after Johnson's first dismissal of Stanton, initiated formal impeachment proceedings against the president. On February 24, the House voted 11 impeachment articles against President Johnson. Nine of the articles cited his violations of the Tenure of Office Act; one cited his opposition to the Army Appropriations Act of 1867, designed to deprive the president of his constitutional position as commander in chief of the U.S. Army, and one accused Johnson of bringing "into disgrace, ridicule, hatred, contempt, and reproach the Congress of the United States" through certain controversial speeches. On March 13, according to the rules set out in Section 3 of Article I of the U.S. Constitution, the impeachment trial of President Johnson began in the Senate. U.S. Supreme Court Chief Justice Salmon P. Chase presided over the proceedings, which were described as theatrical. On May 16 and again on May 26, the Senate voted on the charges brought against President Johnson. Both times the vote was 35 for conviction and 19 for acquittal, with seven moderate Republicans joining 12 Democrats in voting against what was a weak case for impeachment. Because both votes fell short--by one vote--of the two-thirds majority needed to convict Johnson, he was judged not guilty and remained in office. Nevertheless, he chose not to actively seek reelection on the Democratic ticket. In November, Ulysses S. Grant, who supported the Republicans' Radical Reconstruction policies, was elected President of the United States. In 1875, after two failed bids, Johnson won reelection to Congress as a U.S. senator from Tennessee. He died less than four months after taking office at the age of 66. Fifty-one years later, the U.S. Supreme Court declared the Tenure of Office Act unconstitutional in its ruling in Myers v. United States.
    1868 - Birth of Charles E. Cowman (d. 1924), Toulon, IL. American missionary pioneer. In 1901, he sailed to Japan with his wife Lettie (who later authored "Streams in the Desert"), where, in 1910, they founded the Oriental Missionary Society.
    1873 – P.B.S. Pinchback, first Black state governor, is denied his senate seat by the Senate. Senators were elected at this time by the state legislature. In January, 1873, the Louisiana legislature elected Pinchback to the U.S. Senate which was also contested by another rival, W.L. McMillen. Though McMillen eventually acknowledged Pinchback's claim to the seat, Senators uncovered evidence that Pinchback had paid $10,000 to obtain it. The Senate denied Pinchback his seat by a vote of 32 to 29.
    1884 - Standard Time was adopted throughout the United States.
    1886 – Frank Baker (d. 1963) was born in Trappe, MD.  A left-hand-hitting 3B, he led the Philadelphia A’s to three World Series championships.  During the 1911 World Series he earned the nickname “Home Run” by hitting the go-ahead homer off Rube Marquard in Game 2 against the New York Giants, and the 9th inning, game tying HR of Christy Mathewson in Game 3.  He led the American League in home runs for four consecutive seasons, twice led the league in RBIs, and batted .363 in six Series. Baker earned Baseball Hall of Fame honors in 1955.
    1887 - Chester Greenwood of Maine received a patent for earmuffs. 
    1906 - Clarinet/sax player Frank Teschemacher (d. 1932) born Kansas City MO.
    1911 - Lafayette Ronald Hubbard (d. 1986), science fiction writer, recluse and founder of the Church of Scientology, born at Tilden, NE. His best-known book was “Dianetics: The Modern Science of Mental Health.”
    1912 - The Chamber of Commerce of the United Sates was founded by approximately 500 representatives of commercial organizations, trade associations, and individual establishments, who were invited to participate in a series of discussions by President William Howard Taft and Secretary of Commerce and Labor Charles Nagel. The headquarters of the chamber of Commerce of the United States was dedicated on May 20, 1925.
    1912 – Mystery writer Bill S. Ballinger (d. 1980), aka Frederic Freyer, B.X. Sanborn, was born in Oskaloosa, Iowa. American thriller writer who specialized from the early 1950's in a multi-level kind of narration or divided narration. Received Edgar Allan Poe Award from Mystery Writers of America in 1960 for his TV work.
    1913 - Guitarist Lightin’ Slim (d. 1994) was born Otis V. Hicks, St. Louis, Mo.
    1913 - Sammy Kaye (d. 1987), one of the most successful bandleaders of all time, was born Samuel Zarnocay, Jr.,  in Lakewood, Ohio. Although the syrupy sweet romantic sounds were denounced by critics and music purists, the "Swing and Sway with Sammy Kaye" formula was so successful that his orchestra stayed together long after the big band era had ended. His hit records in the 1940's included "Daddy," "Harbor Lights" and "It Isn't Fair."
   1914 - Base player Bob Haggart (d. 1999) was born New York City.
    1922 - Drummer Willie “Rough Dried” Williams (d. 1988) born Lake Village, AR
    1923 - A great improvement in radio receivers was advertised. The new models had a concealed speaker and eliminated the need for headphones, which were considered a nuisance because they were so heavy to wear and messed up hairdos. The new radios were also said to have a ‘foolproof’ design. 
    1924 - Pianist Dick Katz (d. 2009) born Baltimore MD
    1925 - Legislation prohibiting the teaching of evolution within the state's public school system was passed by Tennessee State Assembly. A celebrated violation of this law led to the famous July Scopes Monkey Trial
    1925 - Guitarist Bob “Poor” Woodfork (d. 1988) born Lake Village, AR
    1926 – Drummer Roy Haynes birthday, Boston, MA.  Haynes is among the most recorded drummers in jazz, and in a career lasting more than 70 years has played in a wide range of styles. He has a highly expressive, personal style ("Snap Crackle" was a nickname given him in the 1950s) and is known to foster a deep engagement in his bandmates.
    1929 - Helen Candaele Saint Aubin (d. 1992), known as Helen Callaghan during her baseball days, was born at Vancouver, British Columbia, Canada. Saint Aubin and her sister, Margaret Maxwell, were recruited for the All-American Girls Professional Baseball League, which flourished in the 1940s when many Major Leaguers were off fighting World War II. She first played at age 15 for the Minneapolis Millerettes, an expansion team that moved to Indiana and became the Fort Wayne Daisies. For the 1945 season the left-handed outfielder led the league with a .299 average and 24 extra base hits. In 1946, she stole 114 bases in 111 games. Her son Kelly Candaele's documentary on the women's baseball league inspired the film “A League of Their Own.” Saint Aubin was known as the "Ted Williams of women's baseball."
    1930 - Trumpeter Blue Mitchell (d. 1929) born Miami, FL. 
    1932 - Country singer Jan Howard was born Lula Grace Johnson in West Plains, Missouri. Howard first hit the charts in 1960 with "The One You Slip Around With." She is best known for her duets with Bill Anderson, which included "For Loving You," a country chart-topper from 1967. Howard was also successful on her own, with such country hits as "Evil on Your Mind" and "My Son," a tribute to her son, Jim, who died in Vietnam two weeks after the song was recorded in 1968.
    1932 - With six million unemployed, chaos in Berlin, starvation and ruin, the threat of Marxism and a very uncertain future, the German people turn to Hitler by the millions. In the presidential election, Hitler receives over eleven million votes (11,339,446) or 30% of the total. Hindenburg receives 18,651,497 votes or 49%. Since Hindenburg does not get the majority, a run-off election is held. In the campaign that follows, Hitler crisscrosses Germany in an airplane, descending from the clouds into the arms of growing numbers of fanatics, at ever larger rallies. He gives them a positive message, promising something for everyone, then ascends back into the clouds. "In the Third Reich every German girl will find a husband!" - Hitler once promises.
    1932 – Hunger marches were taking place throughout the country.  The Bonus marchers are expelled from Washington. President Herbert Hoover sends a secret message to Congress advising it not to cut the pay of Army or Navy personnel because they may be need to put down the marchers whose numbers seem to be growing. He believes they are communist inspired as are the hunger marches in England and Germany. The economy is not as bad as the newspapers report, he adds.
    1939 - Singer and songwriter Neil Sedaka was born in Brooklyn, New York. Sedaka began writing songs with his lifelong musical partner, Howard Greenfield, at age 13, and, in 1958, sold his first song, "Stupid Cupid," which became a hit for Connie Francis. The following year, Sedaka began his own recording career.  His first single for RCA Victor, "The Diary," was inspired by Francis, while the three were taking a temporary break during their idea-making for a new song. Francis was writing in her diary, Sedaka asked if he could read it, and Connie promptly replied with a "no." After Little Anthony and The Imperials passed on the song, Sedaka recorded it himself and his debut single hit the Top 15 on the Billboard Hot 100, peaking at No. 14 in 1958. He then scored hits with such songs as "Oh Carol," written for Carole King, "Calendar Girl" and "Breaking Up is Hard to Do," which went to number one in 1962.  For much of the 1960's, Sedaka concentrated on songwriting, composing chart successes such as "Working on a Groovy Thing" for the Fifth Dimension and "Puppet Man" for Tom Jones. In 1975, Elton John helped Sedaka get back on the charts by having him record an LP for his Rocket label. From "The Hungry Years" came the number-one hit single "Laughter in the Rain." Sedaka topped the charts for a second time that year with "Bad Blood."  He was inducted into the Songwriters’ Hall of Fame in 1983, has a star on the Hollywood Walk of Fame, and was an October 2006 inductee of the Long Island Music Hall of Fame. On November 15, 2013, Pacific Pioneer Broadcasters in Los Angeles gave him their Art Gilmore Career Achievement Award.  Somehow, given his massive contributions to the genre, he is NOT a member of the Rock and Roll Hall of Fame.
    1940 - “The Road to Singapore,” starring Bob Hope, Bing Crosby, and Dorothy Lamour, opened. The comedy was the first of seven Road pictures, which brought fame and fortune to its actors.
    1941 - The Benny Goodman Sextet cuts “Air Mail Special”
    1943 - The Major Leagues approved a new official baseball manufactured by the Spalding Company for the upcoming season. Instead of the usual combination of cork and rubber, the inside of the ball is made up of recycled cork and balata, materials not needed in the war effort. Officials insist the ball will have the resiliency of the 1939 ball, but the players will express dismay that they cannot drive the new ball and point out the dearth of runs and homers in 1942 even with the old ball.
    1944 - Top Hits
“Mairzy Doats” - The Merry Macs
“Besame Mucho” - The Jimmy Dorsey Orchestra (vocal: Bob Eberly & Kitty Kallen
“No Love, No Nothin’ “- Ella Mae Morse
“Rosalita” - Al Dexter
    1945 - CRAIN, MORRIS E., Medal of Honor
Rank and organization: Technical Sergeant, U.S. Army, Company E, 141st Infantry, 36th Infantry Division. Place and date: Haguenau, France, 13 March 1945. Entered service at: Paducah, Ky. Birth: Bandana, Ky. G.O. No.: 18, 13 February 1946. Citation: He led his platoon against powerful German forces during the struggle to enlarge the bridgehead across the Moder River. With great daring and aggressiveness, he spearheaded the platoon in killing 10 enemy soldiers, capturing 12 more and securing its objective near an important road junction. Although heavy concentrations of artillery, mortar, and self-propelled gunfire raked the area, he moved about among his men during the day, exhorting them to great efforts and encouraging them to stand firm. He carried ammunition and maintained contact with the company command post, exposing himself to deadly enemy fire. At nightfall the enemy barrage became more intense and tanks entered the fray to cover foot troops while they bombarded our positions with grenades and rockets. As buildings were blasted by the Germans, the Americans fell back from house to house. T/Sgt. Crain deployed another platoon which had been sent to his support and then rushed through murderous tank and small-arms fire to the foremost house, which was being defended by 5 of his men. With the enemy attacking from an adjoining room and a tank firing pointblank at the house, he ordered the men to withdraw while he remained in the face of almost certain death to hold the position. Although shells were crashing through the walls and bullets were hitting all around him, he held his ground and with accurate fire from his submachine gun killed 3 Germans. He was killed when the building was destroyed by the enemy. T/Sgt. Crain's outstanding valor and intrepid leadership enabled his platoon to organize a new defense, repel the attack and preserve the hard-won bridgehead. 
    1946 - The first Medal of Honor awarded, posthumously, to a soldier of Japanese ancestry was conferred upon Private First Class Sadao S. Munemori of Company A,100th Infantry Battalion, 442dn Combat Team to his mother, Mrs. Nawa Munemori.  He was recognized for action near Seravezza, Italy, on April 5, 1945, when he knocked out two machine guns with grenades and saved the livers of two of his companions by diving on an exploding grenade.
    1947 - "The Best Years of Our Lives," produced by Samuel Goldwyn, was a big favorite winning the Best Picture prize at the 19th Academy Awards held at the Shrine Auditorium in Los Angeles. Actor/producer/comedian Jack Benny hosted the glittering gala. "The Best Years of Our Lives" won Oscars for Best Director (William Wyler); Actor (Fredric March); Supporting Actor (Harold Russell); Film Editing (Daniel Mandell); Screenplay (Robert E. Sherwood); and a shared award with "The Jolson Story" for Best Score. Other awards for the best of 1946: Actress: Olivia de Havilland in "To Each His Own", and Actress in a Supporting Role: Anne Baxter in "The Razor’s Edge". The Best Song was "On the Atchison, Topeka and the Santa Fe" (from "The Harvey Girls") by Johnny Mercer and Harry Warren. Foreign-made films showed up in these Oscars, bringing an end to Hollywood’s then exclusive rights to the coveted awards. Of the foreign movies nominated, three were British ("Henry V" - producer, Laurence Olivier; "Brief Encounter" starring Celia Johnson; "Perfect Strangers" which won the Oscar for Best Writing/Original Story [Clemence Dane]), one was French ("Les Enfants du paradis", an original screenplay by Jacques Prévert) and one Italian ("Roma, città aperta", screenplay written by Sergio Amidei, Federico Fellini). 
    1951 - The comic strip, "Dennis the Menace," appeared for the first time in 18 newspapers across the U.S. The strip became an international favorite in thousands of newspapers and spawned a CBS-TV program that starred Jay North as Dennis. The series lasted for several seasons and is still seen in syndicated re-runs. A somewhat popular movie starring Walter Matthau as Mr. Wilson and Christopher Lloyd as the bad guy was released in 1993.
    1951 - The state of Iowa experienced a record snowstorm. The storm buried Iowa City under 27 inches of snow. 
    1952 - Top Hits
“Slowpoke” - Pee Wee King
“Tell Me Why” - The Four Aces
“Please, Mr. Sun” - Johnnie Ray
“Wondering” - Webb Pierce
    1953 – After decades of relative quiet regarding franchise shifts, owner Lou Perini requested permission from the National league to move his Boston Braves to Milwaukee.  After the 1953 season, the St. Louis Browns relocated to Baltimore to become the Orioles.
    1954 – The beat goes on!  1951 playoff hero of ‘The Shot Heard ‘round the World,’ Bobby Thomson, broke his ankle while in spring training with the Milwaukee Braves.  His replacement?  A promising prospect named Henry Aaron. Thomson was out until July 14th.  His career was never the same after that.
    1956 - In a rally in Birmingham, Alabama, Asa Carter, the executive secretary of the north Alabama White Citizen's Council, charged that rock and roll was introduced to white teenagers by the N.A.A.C.P. and other pro-integration forces. He initiated a campaign to pressure radio stations to bar what he termed "immoral music."
    1956 - Elvis Presley's first album is released by RCA. The self-titled disc would sell over a million copies and become The King's first Gold record.
    1958 - “The Long Hot Summer,” starring Paul Newman, Joanne Woodward, and Orson Welles, opens in Baton Rouge, Louisiana. Newman, who won the Cannes Film Festival award as Best Actor for his performance in the film, married Woodward the same year-the pairing is one of Hollywood's longest lasting marriages.
    1958 - The Quarry Men, with both John Lennon and Paul McCartney playing guitar, perform at the Morgue Skiffle Cellar in Oakhill Park.
    1958 - The Recording Industry Association of America (RIAA) launches its Gold Award Program to honor artists with outstanding sales. One million units sold of a single 45 rpm record earned Gold status; in 1976, the Platinum Award was introduced for singles which moved two million units. Today, the single awards are given at the half-million (gold) and million (platinum) level of sales or downloads, with the same award qualifications for album-length releases. The Diamond Award (album sales of over 10 million) was introduced in 1999. 
    1960 - Top Hits
The Theme from "A Summer Place" - Percy Faith
“Wild One” - Bobby Rydell
“Baby” (“You’ve Got What It Takes”) - Dinah Washington & Brook Benton
“He’ll Have to Go” - Jim Reeves
    1960 - National Football League owners voted to allow the Chicago Cardinals to move to St. Louis. The Cardinals are generally regarded as the oldest continuing operation in pro football, having been founded as the Morgan Athletic Club, a neighborhood team, in 1899. The Cardinals remained in St. Louis through the 1987 season after which owner Bill Bidwill transferred the team to Phoenix, AZ.
    1960 – The Chicago White Sox unveiled an important uniform innovation. The Sox's road uniforms feature players' names on the backs of the jerseys, marking the first time that players' names will appear on major league uniforms. The innovation will make it easier for fans watching games on television to identify the players on the field. The idea is yet another creation of colorful White Sox owner and innovator Bill Veeck.  With few exceptions – New York Yankees and San Francisco Giants – all teams now have names on their jerseys both home and road uniforms.
    1961 - President John F. Kennedy sets up the Alliance for Progress.
    1962 - Trumpeter Terence Blanchard born New Orleans LA|BLANCHARD
    1962 - Wing Luke becomes the first non-white to be elected to the Seattle City Council, and the highest Asian-American elected official in the continental US
at the time.
    1964 - Kitty Genovese, 28, was stabbed to death near her Queens, New York, home. The case came to be a symbol of urban apathy, though initial reports that 38 neighbors ignored Genovese's calls for help have been disputed.
    1964 - Motown Records released Mary Wells's "My Guy," written and produced by Smokey Robinson. It was the Supremes’ co-founder only number-one hit as a single.
    1964 - According to Billboard, over 60 percent of all US singles currently sold are Beatles records. 
    1968 - The Byrds received a gold record for the album, "Greatest Hits", which featured "Turn! Turn! Turn!", written by Pete Seeger (excerpted from the Book of Ecclesiastes in the Bible); "Eight Miles High"; "Mr. Spaceman"; "Mr. Tambourine Man"; "All I Really Want To Do"; and "My Back Pages". The group consisted of Jim McGuinn, David Crosby, Gene Clark, Chris Hillman and Mike Clarke. Kevin Kelly, Gram Parsons, Clarence White, John York and Gene Parsons were also members of the group through the years. The Byrds were inducted into the Rock and Roll Hall of Fame in 1991. 
    1969 - “The Love Bug” was released by Walt Disney studio. Directed by Robert Stevenson, the film starred "Herbie," a loveable Volkswagen bug with a personality. Abused by the evil racecar driver "Thorndyke" (David Thomlinson), Herbie is rescued by the young good-guy racecar driver "Jim" (Dean Jones). Grateful for his rescue, Herbie rewards the hapless Jim by winning one race after another on his driver’s behalf. The excitement begins when the ruthless Thorndyke plots to get Herbie back by any means necessary. Based on a story by Gordon Buford, “The Love Bug” inspired two sequels, “Herbie Rides Again” and “Herbie Goes To Monte Carlo.” 
    1968 - Top Hits
Love is Blue - Paul Mauriat
(Theme From) Valley of the Dolls - Dionne Warwick
(Sittin’ On) The Dock of the Bay - Otis Redding
Take Me to Your World - Tammy Wynette
    1970 - An extremely popular cover of "LIFE" magazine was issued, showing the current fashion battle over long versus miniskirts.
    1971 - The Allman Brothers Band records its breakthrough album, "Live at the Fillmore East."

    1972 - "The Merv Griffin Show," starring game show and late-night television host, Merv Griffin, started its syndicated debut for Metromedia Television. Joining Merv were Arthur Treacher and Mort Lindsey and his orchestra. In the 1940s, Griffin had a number one song with the Freddy Martin Orchestra, "I’ve Got a Lovely Bunch of Cocoanuts," which launched him to fame. He had his own radio show at KFRC in San Francisco in the late 1940’s, branching into early local television. Griffin battled Johnny Carson on CBS-TV late night, and lost. He also fought ABC-TV's Joey Bishop, and again lost. He did win in the Metro media show and in ownership of stations such as WPIX-TV 11 in New York and WPOP Radio in Hartford, Connecticut. Later, he came up with "Wheel of Fortune" and the formula for "Jeopardy," which he also owns; making him one of the world's richest entertainment moguls. Griffin also owns several hotels in Atlantic City, New Jersey and Beverly Hills.  His estate is managing these assets very nicely, thank you since Griffin passed on in 2007.
    1972 - Author Clifford Irving pleads guilty to a charge that the "autobiography" of Howard Hughes on which he supposedly collaborated was a hoax.
    1974 - The Arab Oil Embargo was lifted. It would take several weeks before long gasoline lines disappeared here. The oil-producing Arab countries agreed to lift their five-month embargo on petroleum sales to the US. During the embargo prices went up 330 percent and a ban was imposed on Sunday gasoline sales. The embargo was in retaliation for US support of Israel during the October 1973 Middle-East War.
    1976 - Top Hits
December 1963 (Oh, What a Night) - The Four Seasons
All by Myself - Eric Carmen
Take It to the Limit - Eagles
The Roots of My Raising - Merle Haggard
    1976 - The Four Seasons, featuring Frankie Valli, returned to the pop charts after an absence of 10 years. The group's "December, 1963 (Oh, What a Night)" became the top song in the United States. Valli’s real name is Castelluccio and with him were Bob Gaudio, Nick Massi and Tommy DeVito. Joe Long and Charlie Callelo were members in the 1960s, when Gaudio focused on producing for the group and DeVito left. The original producer was Bob Crewe. The name, The Four Seasons, was taken from a bowling alley in New Jersey. The group charted a total of 30 songs, plus Valli had nine solo hits. In 1990, they were inducted into the Rock and Roll Hall of Fame.  The Broadway hit and subsequent movie “Jersey Guys” is a portrayal of the group origins and success.
    1976 - Johnny Taylor's "Disco Lady" begins a six week stay at the top of the Billboard R&B chart. It is the first number one song to contain the word "disco" in the title.
    1980 - Pink Floyd's "The Wall" goes platinum a few weeks into its 15 week stay at Number One. The two-record set is largely the brainchild of bass player Roger Waters, who now emerges as the group's creative head.
    1983 - Radio talk show host Larry King brought his topical interview program to syndicated TV. Using a telephone hook-up, viewers called in to speak to particular guests. King appeared on CNN 1985-2010, interviewing a variety of newsmakers and celebrities.  In 2012, King launched his own web series, Larry King Now,” that is in the same vein as his TV talk show on CNN. The web series is available on Ora TV, Hulu, and RT (Russia Today).
    1983 - Randy Smith’s NBA consecutive-game streak came to an end as he played in his 906th straight game. Smith played for Buffalo, San Diego, Cleveland, New York, and San Diego (again.)
    1984 - Top Hits
“Jump” - Van Halen
“Girls Just Want to Have Fun” - Cyndi Lauper
“Somebody’s Watching Me” - Rockwell
“Going, Going, Gone” - Lee Greenwood
    1985 - National Football League owners met in Phoenix, AZ and tabled a proposal that would have allowed transmitters and receivers in football helmets. The idea was to allow quarterbacks to talk with players in noisy stadiums. The idea did become a reality, but a minor one. Players complained of too much interference and static.  With those bugs eliminated, the QB and the defensive captain each have such transmitters today.
    1986 - Susan Butcher wins the Iditarod dogsled race from Anchorage to Nome, Alaska, in the record time of 11 days, 15 hours, almost seven days faster than the time in 1985 when Libby Riddles was the first woman to win the race. Butcher again wins the race in 1987 in what is called a new era in the dogsled competition
    1990 - Thunderstorms produced severe weather from northwest Texas to Wisconsin, Iowa and Nebraska during the day, and into the night. Severe thunderstorms spawned 59 tornadoes, including twenty-six strong or violent tornadoes, and there were about two hundred reports of large hail or damaging winds. There were forty-eight tornadoes in Kansas, Nebraska and Iowa, and some of the tornadoes in those three states were the strongest of record for so early in the season, and for so far northwest in the United States. The most powerful tornado of the day was one which tore through the central Kansas community of Hesston. The tornado killed two persons, injured sixty others, and caused 22 million dollars along its 67-mile path. The tornado had a life span of two hours. Another tornado tracked 124 miles across southeastern Nebraska injuring eight persons and causing more than $5 million damage. 
    1993 - "Informer" by Toronto rapper Snow reached number-one on the Billboard Hot 100. It would remain in the top spot for seven weeks, making it one of the most successful Canadian songs ever on the US chart. Snow's debut album, "12 Inches of Snow," also was a million-seller.
    1994 - Prodigy puts newspaper online--the Atlanta Journal-Constitution. One of the earliest online newspapers, the Journal-Constitution listed local information, including Little League scores, lunch menus, and crime reports, as well as local advertising. The news service was available as a subscription service, with additional fees for bulletin board usage. Other early online newspapers included the St. Louis Dispatch and Florida Today. 
    1998 - Candice Bergen and the cast of “Murphy Brown” filmed the 245th and final episode of the award-winning and sometimes controversial CBS sitcom. The hour-long finale featured appearances by Julia Roberts, Bette Midler, and George Clooney, as well as Bergen's real mother, Frances.
    1999 - It had been nearly fifteen years since Cher led the US hit parade with "Dark Lady," but she was back on top with her fourth solo number one, "Believe." It was also #1 in the UK.
    2006 – Legendary Baseball Hall of Famer Bob Feller says that controversial Barry Bonds should be kept out of the exclusive club, having admitted using the banned ‘cream’ and ‘clear.’
    2012 - A Harvard Medical School study claims that red meat increases the risk of death and has additional negative health implications.
    2015 – Scientists concluded that a large ocean exists beneath the icy surface of Ganymede, Jupiter’s largest moon.  The discovery was made using the Hubble Space Telescope to observe aurora movements at the moon’s poles.



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