 |
 |
 |
 |
 |
 |
 |
 |
|
|
Available by e-mail in a text format, sent out at 3:00am, free:
http://www.leasingnews.org/addme-mailing-list.htm
Headlines---
Classified
Ads---Senior Management
---Swann/Fleming
Tel. Press Conf.
ELA
"Economic Impact of Leasing"
Orix
Employees Still in the Dark?
Synovus
Makes Fortune Most Admired
Sacto.
Area Brokers Dinner March 4th
The
Lessors Network March 11 & 12
######## surrounding the article denotes it is a “press
release”
-------------------------------------------------------------------------------
|
|
Classified
Ads---Senior Management
Senior Management: Baltimore, MD
25 year veteran of
commercial and equipment leasing seeking a senior management position
with leasing or asset based financing company in the southeast (Florida
preferred)
Email: kellogg_md@yahoo.com
Senior Management:
Chicago, Illinois
Twenty plus years.
Senior sales and marketing management most recently Building "businesses"
from scratch. Leveraging leadership, administrative, operations, financial,
auditing background. WANTED: challenging new opportunity.
Email: edok@sbcglobal.net
Senior Management:
Denver, CO. Fortune 500 GM/SVP wants to team up with aggressive lender
looking for Western expansion mid-market equip. finance/leasing. 20+
years experience within Rocky Mountain/ Southwest and Ca markets.
Email: legal@csotn.com
Senior management:
Hope, NJ.
25 years in optimizing
call center operations, collections, billing, and back end revenue generation.
Experienced in $7 + billion dollar portfolios. Verifiable achievements.
E-mail: cmate@nac.net
Senior Management:
Irvine, CA.
Credit executive,
portfolio manager and syndication facilitator. Extensive business building
experience in small and mid-ticket operations. Highly innovative. Fortune
100 audit and technology skills. Bottom-line manager.
Email: lenhubbard@bigfoot.com
Senior Management:
Long Island, NY
Degree Banking/Finance.
13 years leasing exp. Now prez young leasing company where promises
were not met. Interested in joining established firm with future. Email:bob33483@yahoo.com
Senior Management:
Portfolio Management Consultant; 25+years experience in Collections,
Customer Satisfaction, Asset Management, Recoveries, Continuous Process
Improvement, Back end Revenue Generation, Cost per Collection Analysis.
$5+Billion Portfolio expertise. Email: efgefg@rogers.com
Senior Management:
San Francisco, CA., 25 years experience w/global leasing company, sales,marketing,business
dev., P&L responsibility, asset mgmt, brokering and re- marketing.
Interested in joining an est. firm with a future. Email:rcsteyer@yahoo.com
Senior Management:
Somerville, NJ.
28 year veteran in
Construction Equipment/ Transportation.
Full P&L responsibility,
profit driven, team builder, sales manager, strong portfolio management
skills. Will consider relocation.
email: leasingman_95@hotmail.com
View 94 Classified Ads at: http://64.125.68.90/LeasingNews/JobPostings.htm#sec10
------------------------------------------------------------------------------------------------------------
Economic
Events This Week
March 3
Wednesday
Beige Book
March 4
Thursday
U.S. Productivity, 4th Qtr. final
Factory Orders: January
Sales of Leading
Retailers: February
Weekly Jobless Claims
March 5
Friday
Unemployment: February
Consumer Borrowing: January
-----------------------------------------------------------------------------------------------
“Access
to Capital”
Swann
and Fleming Telephone Press Conference
by
Kit Menkin
Equipment Leasing
Association President Michael Fleming and Global Insight Senior Consultant
Christopher Swann, Ph.D. unveiled the results in a telephone press meeting yesterday morning on the “Economic Contribution
of the Equipment Leasing Industry.”
The first part concerned
the background of the report, and its significance,
but the second part,
question and answers, in an auditorium chat forum
procedure, one at
a time, all seemed to center around the so-called “leasing
tax abuse” in the
U.S. Treasury budget suggestions centered around what
they coin “Silo,”
a word they made up, according to Michael Fleming.
The transactions
are really sale/leasebacks to tax exempt entities. A lot of the
criticism from the congressional committees now seems to be
on bank balances being required in the transaction. Those requiring
like compensating balances in the bank are “unfair.”
At risk is anywhere
from $10 to $15 billion from the $300 billion
spent yearly in leasing.
The number from $10 to $15 billion could
be interpreted differently,
they both said, due to real estate being
involved, plus “out
of the United States” collateral.
This $15 billion
number appears not to mean that much on Capital Hill
in the course of
the budget, Fleming explained, but if your business, your product,
your services were
part of this dollar amount, it would be significant to you.
Fleming had to go
back to the basics for many of the questions, almost
as if he were a salesman
explaining leasing for the first time to a prospect.
He also went into
the granting of credit, requiring personal guarantees, a co-signer,
co- corporate guarantor, collateral, and other secondary sources of
re-payment. He did an excellent job.
The questions asked
and reaction by the media were very good examples
of what he was facing
“on the hill;” particularly the difficulties he has
to overcome to explain
that he sees this as a policy issue.
He did not see any
“tax abuse,” as “there is nothing hidden or prohibitive”
in these large government
or municipality “sale/leaseback transactions...They follow
the rules and all
the laws,” he added.
“What should be relevant
to tax deferment or tax exemption is the ability to acquire
modern equipment
and capital, “ he said. ,”A good policy” was his goal. Both
government and the
private sector need access to capital, now more than ever
before, was his main
message.
He explained the
basic concepts of “like kind” exchanges, the value of a lessor
utilizing depreciation
either for a better “rate” or “ incentive” to grant approval
to a higher risk
credit, and the basics of providing access to capital for not
only municipalities
but also for both large and small businesses.
The purpose of the
press conference began with Dr. Christopher Swann explaining
the significance
and procedure of the 41 page report, particularly to look at
the industry and
its affect during the recent various changes of the economy.
Fleming in explaining
to “business reporters” perhaps summed up the report
best, saying, “ Al
kinds of equipment are lease...Leasing is a mirror
of the economy, technology
and non-technology equipment, all things,
all industries, all
sizes, by small and large businesses.
A new start-up
or a franchise, the
first thing they want to do is lease.”
----------------------------------------------------------------------------------------------
### Press Release
#######################################
Equipment Leasing
Association Releases Report on the Economic Impact of Leasing
Industry Produced
$100 to $300 Billion Additional Real GDP, Three to Five Million Additional
Job
Global Insight (www.globalinsight.com)
and the Equipment Leasing Association (ELA) releases a study, The Economic
Contribution of the Equipment Leasing Industry to the U.S. Economy,
of the impact the equipment leasing and finance industry has on the
U.S. economy and jobs. The study was conducted by Global Insight, a
global economic and financial forecasting company, at the request of
ELA in August 2003.
Key results of the study show that, over the 1997-2002 period, the
equipment leasing industry:
Produced between
$100 billion and $300 billion additional real GDP.
Produced between
$227 billion and $229 billion additional real equipment investment.
Created between three
million and five million additional jobs.
“The most important
contribution of the equipment leasing industry lies in providing access
to capital,” said Fleming, who has led the association for the last
25 years. “If leasing were unavailable many entities, from non-profit
to private organizations, from tax-exempt entities to public companies,
would not be able to acquire the equipment they need. This report clearly
shows that when leasing is unavailable, the demand for equipment is
curtailed.”
“Recently we had
to restructure our financials to expand our entire plant and we were
able to move quickly with leasing,” said Richard Viti, executive vice
president and CFO of Tast i Twist Bakers, Inc. dba Delorio’s Frozen
Dough Co., a $7.6 million commercial frozen dough processor. “We lease
for a variety of reasons: convenience, shorter term around time, tax
reasons, balance sheet management.”
But, Viti said leasing
also helps with labor. “We’re in the position of growing and needing
people. With leasing we acquired better equipment, faster, so we were
able to reduce labor needed to produce our products and hired additional
people to help sell them,” he said. “Also, with freed up capital, we
were able to offer more competitive salaries and benefits when recruiting
for upper management and administrative positions.”
The Global Insight
study shows that, of the total $229 billion impact on equipment investment,
more than one half ($122 billion) is concentrated in computer equipment.
Industrial equipment categories - aircraft, especially transportation
and industrial equipment - account for most of the balance.
“Leasing is the smartest
way to invest in IT. This strategy gets us into an IT refresh cycle
and is an affordable way to have the latest technology working for us.
Plus, leasing lets us spread our IT costs out over time,” said Michael
Strohmaier, IT manager, Delicato Family Vineyards, one of the leading
family winegrowers in America.
Global Insight also
estimated that an additional $120 billion accrues to the rest of the
economy through additional spending on goods and services in markets
that are peripheral to equipment markets.
Several factors exist
to show why leasing’s fundamental contribution is critical, and why
its value to the economy is so large, including:
Leasing, as a way
of acquiring the use of equipment, cuts across goods-producing and services-producing
industries in the U.S. economy.
Leasing is a crucial
approach to acquiring a variety of equipment types, especially high-technology
equipment, which is vital to innovation and growth.
Leasing arrangements
are used by all sizes of businesses, even though their capital requirements
may differ.
Fleming added, “Greater
access to capital permits greater entry into markets than might occur
without leasing. This third- party report reinforces what we knew: the
leasing industry clearly has a significant, positive impact on the economy.”
ELA requested that
Global Insight undertake the study to measure the value and contribution
of the equipment leasing industry on the U.S. economy. Utilizing its
state-of-the-art macroeconomic and industry models, Global Insight was
able to evaluate the economic contribution to the U.S. economy.
A copy of the full
study may be found at :
http://www.elaonline.com/industryData/ELAEconomicContrib.pdf
About The Equipment
Leasing Association
Organized in 1961,
the Equipment Leasing Association (ELA) is the premier non-
profit association
representing companies involved in the dynamic equipment
leasing and finance
industry to the business community, government and media. As
the voice of the
leasing industry, ELA promotes the estimated $218 billion
industry as a major
source of funds for capital investment in the United States
and abroad. ELA provides
its members with comprehensive services, assists in the
resolution of industry
issues, educates financial decision-makers on the
benefits of leasing
and promotes high standards of business practices within the
industry. ELA maintains
an informational portal for financial decision-makers to
learn more about
leasing and find a leasing company at
http://www.LeaseAssistant.org.
Headquartered in Arlington, Va., ELA has more
than 800 member companies
and a staff of 25 professionals.
For more information
on ELA, please visit ELA Online at
About Global Insight
Global Insight, Inc.
(http://www.globalinsight.com/)
is a privately-held company
formed to bring together
the two most respected economic analysis, forecasting and
financial information
companies in the world, DRI and WEFA. Global Insight provides the most
comprehensive economic coverage of countries, regions and industries
available, using
a unique combination of expertise, models, data and software
within a common analytical
framework to support planning and decision-making.
Global Insight collects
and delivers economic and financial information to
clients and also
provides a broad range of consulting capabilities. With its
April 2003 acquisition
of World Markets Research Centre, Global Insight also
provides the world's
first same-day analysis and risk assessment service
covering 196 countries
and 4 industries, providing insightful analysis of market
conditions and key
events around the world. The company has over 3,300 clients
in industry, finance
and government with revenues in excess of $70 million, over
600 employees and
23 offices in 12 countries covering North and South America,
Europe, Africa, the
Middle East and Asia.
### Press Release
##############################
------------------------------------------------------------------------------------------------
Orix
Employees Still in the Dark?
“I've recently discovered
the leasing news site when a coworker brought it to my attention.
I would like to add a little tidbit, but as per usual I would prefer
that my name be withheld.
”I am at the ORIX Chicago Office (ORIX Real Estate Equities).
As it seems that the policy changes that have been made across the board
have been legal in the other offices, it seems Illinois is a bit different.
Illinois law states clearly that if an employee believes a policy to
be part of their offer of employment, that consideration must be given
to that employee before the policy is changed.
”My offer letter, which appears to be a standard letter, clearly defines
several policies and refers to a summary of policies that is attached
to the offer letter. This summary reflects the policy manual as
it was the day that I was hired and detail certain things such as vacation
days, personal days, and work hours. The summary makes to reference
to ORIX's ability to change these policies at any time, as the policy
manual does. I take this to mean that the policies that are summarized
cannot be changed. However, I have lost 5 vacation days per year,
2 personal days per year, and my work day has been lengthened by an
hour. All of these policies are against the standard in the Chicago
Real Estate industry. What I don't understand is why Dallas is
able to enforce such policy changes, and why senior management is allowing
this.
”We have not heard anything about further layoffs in our office, and
I am just hearing about the turmoil in GA. While it does not seem
as bleak in this office as the NY and GA offices, we are still in the
dark, and morale is bottomed out.”
(name with held )
“Things have been
real quiet for the last five weeks but this past week the rumor mill
got hot and heavy again. Keep in mind that all of these things
are unconfirmed as of right now due to the fact that reliable sources
have either clammed up or been let go but here goes. First in
an effort to reduce costs, starting 4/1/04 Dallas will give all Kennesaw
employees the option of taking one unpaid day off per month. If
not enough people agree to this, plans are on the table for a small
workforce reduction sometime in late April or early May of
between five and ten people. Don't now what departments will
be effected at this time.
“Second, all of IT
in Kennesaw is going to be let go. All IT functions will be handled
out of Dallas as of 4/1. Not sure of total number at this time
but wiil let you know when I find out. I also heard that they
are offering the IT employees an extra month of severance if they agree
to "cooperate with Dallas during the transition". The
scuttlebut indicates that Dallas thought that the leaks to Leasing News
was coming from within the Kennesaw office. Apparently they were
disappointed when IT in Kennesaw was unable to come up with anybody
who had been e-mailing your site from their Orix e-mail address.
Therefore, as punishment the whole department is being let go.
Makes you feel warm and fuzzy.
“The final thing,
which is the biggest bombshell and still unconfirmed, is that Gary Corr
has become so disenchanted at the way Dallas has been handling everything
for the last four months that he is on the verge of resigning.
From what I hear Dallas has already approached somebody in their office
about possibly stepping in for Corr. The name I keep hearing is
someone they call "Chris Smith".
“All in all they
have done an excellent job over the past month of keeping everything
quiet but now things seem to be getting hot and heavy again. Will
let you know more when I find out.”
( name with held )
(name with held)
----
Name = Kurt W. Zimmerman
Address = 8 Oakwood Village, Apt 6
City = Flanders
State = New Jersey
Zipcode = 07836
Phone = 973 584 2166
Fax =
Email = w2mw@amsat.org
Comments or Questions= ORIX Financial Services, Inc. - Jay
Holmes departure.
“I find it rather hard for people
to understand the plan that Jay had when
he joined OFS. He was on a mission to restructure the organization.
He did
this. Did he do it well? Well, from the reports I've read,
it would appear
that the company may not be around after 2005. Did he do what
he said he
was going to do? Yes. He consolidated the organization, reducing
the EFG
from 6 major offices around the country to a single floor in Atl, Ga.
I'm
sure there were a lot of cost savings by reducing the overall size of
the
company. However, this mission Jay was on had a term limit.
“After the execution of Jay's business plan, it was assumed that
Jay would be leaving
to "greener pastures". So, why do people act surprised
of his departure? I
have no idea. Jay can look back and say "mission accomplished".
“As for what was left behind, well, it is sad to see that there is
not much left of
OFS as I remembered it. It will be a very sad day if and when
ORIX has to
shut it's doors for good. There were many talented people who
walked the
halls of ORIX. There was a lot of hard work and dedication that
got ORIX to
a position where it once held in the Equipment Finance industry.
“A lesson should be learned by this kind of "Upper Management
Takeover" to
restructure a sound organization into something that was to good to
be true.”
Kurt W. Zimmerman
former Client/Server Manager
ORIX Financial Services
|
|
Getting
into Leasing Sales
I was reading your
newsletter today and took special interested in the remarks regarding
the many individuals who contact you in an effort to get into leasing.
We at The National
Companies have an interest in these folks who would like to learn about
leasing and would take them on to teach them about the leasing industry
and give them a chance to venture into vendor programs in numerous industries.
Many people have a nitch in certain industries but are not quite
sure how to take their knowledge into the leasing industry. Most
leasing companies want someone seasoned in leasing and not willing to
take the time to even listen or consider them.
The truth be know, we
like these people !! In general they don't come in with any bad
habits collected from other leasing companies who will remain nameless, they have
fresh ideas and bring with them a wealth of knowledge about an industry
or a product that they know inside and out.
In closing, I ask
that you forward to any of these individuals my phone number and
e-mail address. I would be more than happy to speak to them.
Best Regards,
Susan M. Adamatis
800-669-7527
--
Thanks for the plug
for the Certified Leasing Professional Program. However, you should
be aware that to qualify to take the test to become Certified, a candidate
must have at least 5 years of experience in the equipment leasing or
related fields.
Here are the requirements
for qualification, as taken from the CLP Foundation's website:
Eligibility
Leasing professionals
with the following prerequisites may apply:
1. At least five years of commercial finance or
equipment leasing experience.
2. Acceptable character, ability and reputation.
3. Pledge, in writing, to adhere to the CLP Standards
of Professional Conduct.
Again, thanks for
your support.
Bob Teichman, CLP
Teichman Financial
Training
3030 Bridgeway, Suite
213
Sausalito, CA 94965
Tel: 415-331-6445
Fax:415-331-6451
e-mail: BoTei@aol.com
"Providing training
and education for the equipment leasing industry."
|
About the Company: A successful, well-respected broker, well-established family owned broker with outstanding funding capabilities. Located in Scottsdale, AZ. www.mediacap.com |
## Press Release
###################################
Synovus
Named One of the Most Admired Companies in America by FORTUNE; Company
Ranked Number Five in Consumer Credit Category
COLUMBUS, Ga.---Synovus
(NYSE:SNV) has been named No. 5 in the Consumer Credit category on FORTUNE
magazine's 2004 listing of America's Most Admired Companies. This is
the first year Synovus has been named to the list.
FORTUNE describes this list as "the definitive report card
on corporate reputations." Companies are ranked based on eight
attributes: innovation, financial soundness, employee talent, quality
of management, use of corporate assets, long-term investment, social
responsibility and quality of products/services. The scores were accumulated
based on surveys of executives, directors and securities analysts in
each of the industries represented on the list.
"It is truly an honor to be named to this list," said
Synovus President Richard Anthony. "To be admired by the leaders
of some of the top U.S. companies is a tremendous affirmation of our
commitment to manage our business the right way - responsibly, ethically,
fairly and strategically."
Synovus (NYSE:SNV) is a diversified financial services holding
company with more than $21 billion in assets based in Columbus, Ga.
Synovus provides integrated financial services including banking, financial
management, insurance, mortgage and leasing services through 41 affiliate
banks and other Synovus offices in Georgia, Alabama, South Carolina,
Florida and Tennessee; and electronic payment processing through an
81-percent stake in TSYS (NYSE:TSS), the world's largest third-party
processor of international payments. Synovus is No. 20 on FORTUNE magazine's
list of "The 100 Best Companies To Work For" in 2004. See
Synovus on the Web at www.synovus.com.
CONTACT:Synovus,
Columbus Media Relations Alison Dowe, 706/641-3781
#### Press Release
#############################
***announcement*****************************************
Sacramento,
California Area Brokers Dinner March 4th
The brokers of the
Sacramento and surrounding areas will be gathering for our second dinner
to discuss topics of interest and meet with fellow brokers and funders.
We had a great response to our first dinner and hope to continue to
bring a forum to our area. The topics will be " IRS Section 179
and Bonus Depreciation".
We are pleased to
have Jason Cardinet, CPA, as the featured speaker. Jason Cardinet is
a tax specialist and shareholder with the Roseville CPA firm, Bartig,
Basler & Ray. He is the former Managing Director of Tax for Deloitte
& Touche Sacramento and has more than 16 years of experience in
individual and business tax. He is a Certified Public Accountant holding
a Masters degree in Taxation from Brigham Young University. He resides
in Roseville with his wife, Joan, and their 5 children.
The meeting is planned
for Thursday, March 4th, to be held at Cascades restaurant . This beautiful
restaurant is located at 1420 East Roseville Parkway, off highway 80
in Roseville. No host cocktails 6:30, dinner served 7:00 with time after
for discussion, questions or socialize.
Dinner options: Pasta
with Vegetables, Herb Chicken, Grilled Salmon or Roasted Pork Loin,
to include salad and dessert.
Please make your
reservations early. Contact Gloria Wagner at (916) 780-7885, or mail
$45.00 per person to Financial Solutions Group at 2007 Opportunity Drive
#5, Roseville, Ca 95678.
Should you have any
questions contact Lori Littleford of BWC Equipment Leasing (888) 278-
1079 #232, Tom Cadle of Leasource (800) 991-0099 or Gloria Wagner of
Financial Solutions Group (800) 700-3533.
****
Announcement ************************************
The
Lessors Network March 11 & 12
Lease Origination,
Funding & Distribution Showcase
Atlanta, GA | March
11 & 12 | The Ritz-Carlton, Buckhead
http://www.lessors.com/Events-2004/Syndication/agenda.html
****
announcement**********************************
|
|
News Briefs---
Rates mixed on T-bills
http://www.boston.com/business/globe/articles/2004/03/02/rates_mixed_on_t_bills/
US mortgage market
firms, wary on Treasury yields
http://www.absnet.net/include/showfreearticle.asp?file=/headlines/.htm
Influx of ARMs boosting
loan sizes
http://www.absnet.net/include/showfreearticle.asp?file=/headlines/2.htm
Car sales slip
http://www.mercurynews.com/mld/mercurynews/promotions/8080297.htm
The economy has lost
2.2 million jobs since January 2001, But Factories May Begin Hiring
http://www.ajc.com/business/content/business/0304/01economy.html
Dollar Rises Against
Euro; U.S. Jobs Growth May Prompt Fed to Raise Rates
http://quote.bloomberg.com/apps/news?pid=10000006&sid=aVqd6H3Bhea4&refer=home
Tech Revival Fueled
by Sales to Government
http://www.nytimes.com/2004/03/02/business/02place.html
EU slaps multi-million
dollar trade sanctions on US
http://asia.news.yahoo.com/040301/afp/040301230749top.html
HSBC Says Profit
Jumped 41% in 2003
http://www.nytimes.com/2004/03/02/business/worldbusiness/02bank.html
Global chip sales
up 26.6 percent in January
http://www.signonsandiego.com/news/business/20040301-1055-semiconductorsales.html
IRS warns consumers
to avoid tax scams, find honest tax advice
http://www.signonsandiego.com/news/business/20040301-1038-taxscams.html
Lawyer: Ex-Tyco CFO
Admitted Mistake
http://customwire.ap.org/dynamic/stories/T/TYCO_TRIAL?SITE=CADIU&SECTION
=HOME&TEMPLATE=DEFAULT
Striking grocery
workers approve agreement
http://www.usatoday.com/news/nation/2004-02-29-grocery-strike_x.htm
Easier storage of
DVDs
New devices offer ways to organize film collections
------------------------------------------------------------------------------------------------------------
Sports Briefs----
Bonds got steroids,
feds were told
Slugger's trainer
said to have given substances to several athletes
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/03/02/BALCO.TMP
Jeff Garcia DUI hearing
postponed for two weeks
http://www.mercurynews.com/mld/mercurynews/sports/
football/nfl/san_francisco_49ers/8078601.htm
--------------------------------------------------------------------------------------------------------------
California Nuts
Brief---
Governor rallies Democrats in San Jose
http://www.mercurynews.com/mld/mercurynews/8076152.htm
-----------------------------------------------------------------------------------------------------------
“Gimme that Wine”
Vinexpo Americas
Heads to Chicago This June
http://www.winespectator.com/Wine/Daily/News/0,1145,2353,00.html
Napa Conference highlights
luxury wine revival
Wineries: US - Massachusetts
http://wine.about.com/cs/wineriesusma1/
------------------------------------------------------------------------------------------------------------
|
We
are actively seeking experienced Account Executives as part of
a significant growth initiative for 2004. Candidates must be self-motivated,
hard working, and enjoy making some of the highest commission
splits in the industry. About the Company: Genesis Commercial Capital, LLC; 17910 Skypark Circle, Suite 105; Irvine, CA. 92614 www.gen-cap.com |
This
Day in American History
1776-Charleston, South Carolina, set up an independent government
under a temporary local constitution that was to be in effect until
an agreement with England could be reached. John Rutledge was chosen
president on Marcy 17. The government,
said to be the first independent government within the recognized borders
of the colonies, successfully defended Charleston against the British
army and fleet on June 28, 1776, thus freeing the South from attack
for nearly three years.
http://www.edwardrutledge.com/
http://members.aol.com/_ht_a/eveolasovrealtor/page1.html
1776- Americans begin shelling British troops in Boston. On March
17, the British evacuated Boston after American forces seized and fortified
Dorchester Heights on March 4. General
Howe sailed for Halifax, Nova Scotia, to await reinforcements.
1793-Birthday of Sam Houston, famed American patriot. Houston
was a congressman (1823-27) and governor (1827-29) of Tennessee. He
resigned his office as governor in 1829 and rejoined the Cherokee Indians
(with whom he had lived for several years as a teenage runaway), who
accepted him as a member of their tribe. Houston went to Texas in 1832
and became commander of the Texan army in the War for Texan Independence,
which was secured when Houston routed the much larger Mexican forces
led by Santa Ana, April 21,1836, at the Battle of San Jacinto. After
Texas admission to the Union, Houston served as US senator and later
as governor of the state. He was deposed in 1861 when he refused to
swear allegiance to the Confederacy.
1807-The African slave trade was prohibited after January 1,1808
by an act of Congress, which outlawed importation of slaves into any
place within the jurisdiction of the U.S.
1819- Territory of Arkansas
organized . The eastern U.S.
was slowly becoming urbanized, but the frontier, moving ever westward,
was still the place for the vigorous outdoor activities associated with
newly settled rural areas. Marksmanship
was highly prized and involved such sports as squirrel shooting by four-man
teams. On one occasion, a team
shot 152 squirrels by nightfall and the other, 141.
A brutal sport was the rough-and tumble fight. There were no
rules and the two contestants were free to bite off ears or gouge out
eyes until a fighter gave up or was knocked unconscious. By the way
squirrel shooting is still popular today
in many regions.
http://www.viriato.net/airgunning/hunting/sr.html
http://www.funsupply.com/airguns/longrange.html
http://ftp.rootsweb.com/pub/usgenweb/ar/state/history/terr/chron.txt
1819-The first immigration law enacted by Congress established
rules and procedures for passenger ships brining immigrants to the U.S.
The most t important procedure was the numerical registry of immigrations,
which made it possible to compile accurate statistics on immigrations
in later years.
1828-Melissa Burton Coray born at Mersey, Ontario, Canada. At the
age of 18 she accompanied her Mormon Battalion soldier husband, William
Coray, on a 2,000-mile military march on foot from Council Bluffs, IA,
to San Diego, CA, then 1,500 more miles across the Sierra Nevada Mountains
and the Nevada desert to Salt Lake City, UT, the only woman to make
the entire trip. On July 30, 1994, a mountain peak near Carson Pass
was named for her, the 2nd peak in California to be named for a woman.
1829-Birthday of Carl Schurz, American journalist, political reformer
and army officer in Civil War. Born
near Cologne, Germany, he died at New York, NY May 14,1906.
http://www.spartacus.schoolnet.co.uk/USAschurz.htm
http://www.germanheritage.com/biographies/mtoz/schurz.html
1836- Texas adopted Declaration of Independence from Mexico.
1853- Territory of Washington organized after separating from Oregon
Territory.
http://ftp.rootsweb.com/pub/usgenweb/ar/state/history/terr/chron.txt
1861-The US Congress creates
Dakota & Nevada Territories out of the Nebraska & Utah territories.
One of the many things leading up to the Civil War were
territories and states
being created that would become “free states” and
thus the “slave states”
would lose their leverage in Congress, and the
fear that “slavery”
would be abolished. On February
4, the Confederacy
was formed and earlier
in the year states started seeding from the Union.
The creation of these
territories was signed by President James Buchanan. Nevada Territory was formed from Utah Territory; Dakota Territory
from Nebraska Territory. Abraham Lincoln would be inaugurated president
in two days; Hannibal Hamlin was his vice-president.
http://ftp.rootsweb.com/pub/usgenweb/ar/state/history/terr/chron.txt
1867- Jesse James-gang attempts to rob bank in Savannah MO, 1 dead.
The attempted robbery on a private bank occurred 2:30 pm. March 2, 1867
in Savannah, east of St. Joseph, Missouri in Andrew County. There were
five men in the gang, four men dismounted and entered the bank. Judge
McClain refused to be robbed and put up an admirable defense. During
the attempt Judge John Mc Clain was shot but lived. No money was stolen.
http://web.islandnet.com/~the-gang/rob.htm
http://www.ci.st-joseph.mo.us/history/jessejames.asp
http://www.granburytx.com/docs/james.htm
1877 - A United States electoral commission declared Rutherford
B. Hayes president, the only American president to be elected this way.
The original result had been too close to call, with several disputed
ballots. The nation had never before faced a dispute
over the results of a presidential election, although elections had
been decided by congress several times due to electoral procedure results,
but this was the first where a dispute was settled.
A candidate needed 185 electoral votes to win and Samuel J. Tilden,
the Democratic candidate, clearly had 184.
In dispute were the 19 electoral votes of three states still
under carpetbag rule—Florida, Louisiana, and South Carolina-plus one
vote in Oregon. In Congress
both parties agreed on January 29 to establish an electoral commission
to decide the issue. The commission, with five members from each house
of Congress and five members from the Supreme Court, was made up of
eight Republicans and seven Democrats. All the commission’s decisions
were to fall along party lines. On March 2, Congress accepted the commission’s
decision, which awarded all the disputed votes to the Republican candidate
Rutherford B. Hayes, who thus received 185 electoral votes to Tilden’s
184. The Republicans were accused
of offering southern Democrats economic favors for their region if they
supported Hayes’s claim. In
any event, the new president showed a conciliatory attitude toward the
South: the last Federal troops were withdrawn and there was no further
effort to protect the rights of blacks.
Reconstruction was over.
1888-The Grand Fountain Savings Bank, also known as the True Reformers
Savings Bank, was chartered.
It was the first bank for African-Americans operated by African-Americans. It began operations on April 3, with a paid-up capital of $4,000.
The first day’s deposits were $1,268.69. The board of directors was
elected by the society of the United Order of True Reformers, a group
founded by William W. Browne.
1899-Mt.Ranier National Park established, located in the Cascade
Mountains of Washington state, this is the fourth oldest national park.
http://memory.loc.gov/ammem/today/mar02.html
1904-Theodor Seuss Geisel
birthday, the creator of The Cat in the Hat and How the Grinch Stole
Christmas, was born at Springfield, MA. Known to children and parents
as Dr. Seuss, his books have sold more than 200 million copies and have
been translated into 20 languages. His career began with And to Think
That I Saw It on Mulberry Street, which was turned down by 27 publishing
houses before being published by Vanguard Press. His books included
many messages, from environmental consciousness in The Lorax to the
dangers of pacifism in Horton Hatches the Egg and Yertel the Turtle's
thinly veiled references to Hitler as the title character. He was awarded
a Pulitzer Prize in 1984 "for his contribution over nearly half
a century to the education and enjoyment of America's children and their
parents." He died Sept 24, 1991, at La Jolla, CA.
1909-Melvin “Mel” Ott birthday, Baseball Hall of Fame outfielder
born at Gretna, LA. Playing for the New York Giants, Ott hit 511 home
runs, a National League record until Willie Mays surpassed it in 1966.
Inducted into the Hall of Fame in 1951. Died at New Orleans, LA, Nov
21, 1958.
1912-drummer Red Saunders born, Memphis TN
http://hubcap.clemson.edu/~campber/saunders.html
http://www.theiceberg.com/artist.html?artist_id=25418
1914-Martin Ritt birthday, American film and television director
born at New York, NY. His best-known
films are Hud (1963), Sounder(1972), and Norma Rae(1979.) He is perhaps best know
for his innovative
television drama’s in the 50’s and 60’s.
During the 1950’s he was blacklisted by McCarthy’s anti-Communist
crusade. Died December 8,1990, at Santa Monica, CA.
1917-Desi Arnaz birthday. Born
at Santiago, Cuba, as Desidero Alberto Arnaz y Acha III, to a wealthy
family. The 1933 revolution
sent them ( now improvished) to Miami, FL, and the young Arnaz sought
a music career. Arnaz led his own band and introduced the conga line
to America. He had several musical hits including “Babalu.”
He moved into acting, meeting his future wife, Lucille Ball,
at RKO. Ball and Arnaz created one of the great TV comedies, “ I Love
Lucy,” 1951-1957) and started the innovative Desilu TV production company.
Ball and Arnaz divorced in 1960. Arnaz died on December 2, 1986 at Del Mar, Ca.
1923- Arthel “Doc” Watson
birthday, singer, musician (Riding the Midnight Train, Then and Now),
born Deep Gap, NC. He first gained notice in 1961 with an engagement
at Gerde's Folk City in New York's Greenwich Village. And his reputation
was solidified with an appearance at the 1963 Newport Folk Festival.
Watson relied heavily on traditional material - songs such as "Tom
Dooley" and "Shady Grove." He recorded for Folkways and
Vanguard records in the '60s. In the early '70s, Doc Watson's career
was revived by a guest appearance on the Nitty Gritty Dirt Band's three-album
set, "Will the Circle Be Unbroken."
1923-Orrin Keepnews, co-founder
of Riverside Records, jazz writer and reviewer born New York City, NY.
http://www.jazzweek.com/news/article/1_000416.html
http://www.highbeam.com/library/doc0.asp?refid=ovav_key&docid=1G1:19341648
http://www.amazon.com/exec/obidos/ASIN/0195063309/inktomi-
bkasin-20/ref%3Dnosim/104-4344982-0045565
1924-Harmonica player Alexander “Papa George” Lightfoot born Natchez,
MS died 1971 Campbell, MS
http://www.eharmonica.net/alexander_lightfoot.htm
1924 Eddie “Lockjaw” Davis Birthday
Tough tenor Eddie
"Lockjaw" Davis is a gutsy hard-driving swinger who displays
raw lyricism and real energy in his playing. Admired by all his fellow
musicians, he was for a while closely associated with the Count Basie
band, but also formed small
bands with fellow tenor player Johnny Griffin in the 60s and Roy Eldridge
in the 70s.
http://www.artistdirect.com/music/artist/bio/0,,420939,00.html?artist=
Eddie+%22Lockjaw%22+Davis
1925-Highway Numbers introduced. A joint board of state and federal
highway officials created the first system of interstate highway numbering
in the US. Standardized road signs identifying the routes were also
introduced. Later the system
would be improved with the use of odd and even numbers that distinguish
between north-south and east-west routes.
1931-Tom Wolfe birthday, author, journalist (The Bonfire of the
Vanities, The Right Stuff), born Richmond, VA.
1934 -Birthday of Dottie Rambo, contemporary gospel singer and
songwriter. She has authored such country gospel favorites as "In
the Valley He Restoreth My Soul," "Build My Mansion Next Door
to Jesus" and "I Just Came to Talk With You, Lord."
http://www.dottierambo.net/dotnew.htm
http://www.dottierambo.org/booking.asp
http://www.worshipmusic.com/dottie-rambo.html
1936-Andy Kirk Band records,” Walkin’ and Swingin’’ Decca 809.
1942-musician Eddie Money born Brooklyn, NY
1943- Protected by American and Australian fighters, 137 American
Flying Fortress and Liberator bombers attacked a Japanese convoy en
route from its base at Rabaul to New Guinea today 1943. All the transports and four of the destroyers
were sunk and 3,500 Japanese troops were drowned. Of the 150 Japanese
aircraft involved in the fighting, 102 were shot down. Of the 150 Japanese
aircraft involved in the fighting, 102 were shot down. The Battle of
Bismarck Sea was a major victory for the Allies, ending any efforts
by the Japanese to send reinforcements to New Guinea.
1944- rock singer Lou Reed was born in Brooklyn, New York. He was
lead singer and songwriter of the Velvet Underground in the late 1960s.
The group's bleak outlook captured the attention of Andy Warhol, who
made them a part of his "Exploding Plastic Inevitable" multi-media
show, which toured the US and Canada in 1966. Lou Reed made a bitter
departure from the Velvet Underground in 1970, living in seclusion for
a couple of years. His solo career began in 1972, and his second album,
"Transformer," was produced by David Bowie. From this LP,
came Reed's only top-ten single, "Walk on the Wild Side."
Reed's later albums ranged from commercial rock to grating instrumental
noise. A live concert LP, "Rock 'n' Roll Animal," was certified
gold in 1974.
1948-Guitarist, Larry Carlton born, Torrence, Ca.
http://guitar.about.com/library/weekly/aa051099.htm
http://www.larrycarlton.net/
http://www.fourplayjazz.com/larryhome.htm
http://www.gibson.com/whatsnew/pressrelease/2001/apr3a.html
1950-Birthday of singer Karen Carpenter. She teamed with her pianist
brother as the Carpenters who became a highly successful pop duo during
the 1970s. KC died in 1983 from anorexia nervosa. The Carpenters had
19 hits including "Close to You," and "We've Only Just
Begun." Her battle with the disease that led to her death has been
the subject of several TV movies and documentaries.
http://www.leadsister.com/timeline/index.htm
http://atdpweb.soe.berkeley.edu/quest/Mind&Body/Carpenter.html
http://www.geocities.com/Nashville/Stage/4933/LeAnnsKarena.index.html
1951-The first All-Star Game of the National Basketball Association
was played at the Boston Garden, Boston, MA, before a crowd of 10,094
patrons. The East team, coached
by Joe Lapchick, defeated the West team, coached by John Kundla, by
the score of 111-94.
1951-George Wettling’s Jazz Band (Sullivan, Hall, Davison) cut
“Collier’s Climb.”
1957 - Teenage heartthrob Tab Hunter’s song "Young Love"
was number one in the U.S.
and stays there for
the entire month.
1957---Top Hits
Young Love - Tab
Hunter
Teen-Age Crush -
Tommy Sands
Butterfly - Charlie
Gracie
There You Go - Johnny
Cash
1959- Miles Davis cuts "Kind of Blue" for Columbia. It
is considered the number one jazz album
best seller today. It was originally released as a Columbia Jazz
Club Member alternative,
and was considered
advant guarde in its day.
http://www.amazon.com/exec/obidos/ASIN/B000002ADT/thejazzfiles/104-4344982-0045565
http://www.thejazzfiles.com/JazzDavis.html
1962-Jon Bon Jovi ( real name John Bongiovi) singer, songwriter
("You Give Love a Bad Name"), born Sayreville, NJ. Bon Jovi's
melodic heavy metal on such chart-toppers as "You Give Love a Bad
Name" and "Livin' on a Prayer" made them America's hottest
rock band in 1986. Albums such as "Slippery When Wet" and
"New Jersey" were multi-million-sellers.
1962-Wilt Chamberlain poured in 100 points, an NBA record, as the
Philadelphia Warriors defeated the New York Knicks, 169-147, in Hershey,
PA. Chamberlain made 36 field goals and a record 28 foul shots and set
yet another record by scoring 59 points in the second half.
1963- Chubby Checker hosts "The Limbo Party" at San Francisco's
Cow Palace. His special guests include Marvin Gaye, the Four Seasons,
the Crystals, Lou Christie, Dick & Dee Dee, Paul & Paula and
Herb Albert & the Tijuana Brass.
1964 - The Beatles "Twist and Shout" backed with "There's
a Place" is released in the U.S. on Tollie Records, the fourth
label to release a Beatle record in America. Also on this day, shooting
began on The Beatles' first feature film A Hard Day's Night. The film
was a black-and-white semi-fictional account of "a day in the life"
of the Beatles, and included eight songs written specifically for the
film. Richard Lester was director.
1965---Top Hits
This Diamond Ring
- Gary Lewis & The Playboys
My Girl - The Temptations
The Jolly Green Giant
- The Kingsmen
I’ve Got a Tiger
by the Tail - Buck Owens
1966-Left wing Bobby Hull of the Chicago Blackhawks became the
first NHL player to score 50 goals in a season twice when he scored
his 50th goal of the 1965-66 season in a 5-4 win over the
Detroit Red Wings.
1966 --215,000 US soldiers in Vietnam.
1967- Winners of the ninth annual Grammy Awards for 1966 are announced.
Record of the Year is Frank Sinatra's "Stangers in the Night."
"Sinatra, a Man and His Music" is tabbed Album of the Year
and Song of the Year is John Lennon and Paul McCartney's "Michelle."
1969-Phil Esposito, center of the Boston Bruins, became the first
player in National Hockey League history to score 100 points in a season
when he scored a goal in Boston’s 4-0 victory of the Pittsburgh Penguins.
1972-Pioneer 10: This unmanned probe began a journey on which
it passed and photographed Jupiter and its moons, 620 million miles
from Earth, in December 1973. It crossed the orbit of Pluto, and then
in 1983 become the first known Earth object to leave our solar system.
On Sept 22, 1987 Pioneer 10 reached another space milestone at 4:19
PM, when it reached a distance 50 times farther from the sun than the
sun is from Earth. It was also the first spacecraft to carry a message intended to
be read by living beings elsewhere in the universe. Bolted to the probe’s
exterior wall was a gold-anodized plaque, six by nine inches in area,
that carried a number of illustrations: drawings of a human man and
woman, a star map marked with the location of the sun, and a second
map showing the flight path of Pioneer 10. The message was designed
by astronomer Carl Sagan.
1973---Top Hits
Killing Me Softly
with His Song - Roberta Flack
Dueling Banjos -
Eric Weissberg & Steve Mandell
Could It Be I’m Falling
in Love - Spinners
Rated "X"
- Loretta Lynn
1974- Roberta Flack won three Grammy Awards for "Killing Me
Softly With His Song." Best new artist was Bette Midler.
1978 - The coffin containing the body of actor-director Charlie
Chaplin was stolen from a Swiss cemetery. Chaplin, who had died a year
earlier, is considered one of the great geniuses of cinema. His body
was recovered three months later, found in a cornfield 10 miles from
the cemetery in Corsier-sur-Vevey, Switzerland, and the grave robbers
were arrested. Chaplin's body was reburied in a vault surrounded by
cement.
1979 -Over 1,100 Christian organizations combined to form the Evangelical
Council for Financial Accountability (ECFA). This oversight agency was
created to demonstrate to the public that religious groups wanted to
make themselves accountable for the funds they raise and spend.
1979- the three-day Havana Jam, sponsored by CBS Records and the
Cuban government, began in the 5,000-seat Karl Marx Auditorium in Havana.
Among the acts appearing were Weather Report, Stephen Stills and Billy
Joel. They were the first US pop artists to appear in Cuba in more than
20 years.
1981---Top Hits
I Love a Rainy Night
- Eddie Rabbitt
Woman - John Lennon
Keep on Loving You
- REO Speedwagon
Southern Rains -
Mel Tillis
1983-- Sony and Philips introduced their jointly-developed compact
disc system.
The CD is a digital medium in which sound waves are replicated as
a series of binary numbers on the 12 cm disc. A laser in the CD player
reads the digital information, which is then translated into sound.
In contrast, vinyl records were traditionally recorded using analog
technology, which replicates sound waves in the grooves of a record.
The sound is transmitted through a needle vibrating in a groove via
a cartridge to an amplifier. The
major advantage of digital recording over analog is that it eliminates
extraneous noise. In analog recording, a noise reduction mechanism is
needed to minimize hisses and crackles.
Within a decade of the CD's introduction, vinyl records had virtually
disappeared from stores.
1984 - After 30 years in business, the first McDonald’s franchise
closed in Des Plaines, Illinois. A new drive-in McDonalds opened right
across.
http://www.roadsideamerica.com/attract/ILDESmcd.html
1985 - For the first time, country singer, Gary Morris hit #1 on
the country charts with "Baby Bye Bye" from his album, "Faded
Blue".
1986 - Queen Elizabeth signed the Australia bill, formally severing
the last constitutional ties with Britain.
1987 - Two sets of quintuplets were born, one set to Rosalind Helms
in Peoria, Illinois, and another set to Robin Jenkins of Las Vegas,
Nevada.
1987 - United States Government officials said the median price
for a new home topped $100,000 for the first time. The six-figure price
of $110,700, was up from $94,600.
1989---Top Hits
Straight Up - Paula
Abdul
Lost in Your Eyes
- Debbie Gibson
The Lover in Me -
Sheena Easton
I Sang Dixie - Dwight
Yoakam
1991- Andrew Lloyd Webber's "Aspects of Love" closed
in New York after 377 performances. It was the shortest run of any Lloyd
Webber musical on Broadway. "Aspects of Love" was said to
be the most expensive play in Broadway history, costing about two million
dollars to open and running up expenses of eight million by the time
it closed. Little of the investment was recouped during the show's nearly
11-month run. The British production was much more successful, running
for more than three years.
1992- Second baseman Ryne Sandberg signed a four-year contract
with the Chicago Cubs worth $28.4 million to become baseball’s highest
paid player at the time, passing Bobby Bonilla of the New York Mets. The eight-time
All-Star and nine-time Gold Glove winner retired in the middle of the
1994 season but retuned to the game ( at a far lower salary) in 1996.
1999-Bob Dylan is the opening performer at the House Of Blues at
the Mandalay Bay Resort in Las Vegas. During the encore, Dylan performs
with U2's Bono for a rousing rendition of "Knockin' On Heaven's
Door.
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
www.leasingnews.org |
 |
