Accounting
Headlines--- Classified
Ads---Where Else to Go CMC
Cases Like Timex—Keeps Going and Going From
Our Archives—May 19,2000—UAEL Conf. Credit.net
Reports for $50 Per Month GATX
New $545 Million Credit Facility American
Fin. Services Anti-Predatory Lending Laws Nassau
Asset Winning $800,000 Bid ######## surrounding the article denotes it is a “press
release” ------------------------------------------------------------------------------------------------ Editor’s Note: We are still in “beta.” The text version has been discontinued except
for those who requested to receive it.
If you prefer the text version, please hit reply and type in:
send tex version. If you want
to be removed from the HTML list, please hit reply and remove HTML version. In reality, I did
not realize how many wanted to keep the text version, such as from Tim
Szczygiel: “Sure, the graphics
on the top were red buttons... they appeared stretched out. ( Some of the e-mail
templates appear corrupted, so we are changing back to our e-mail server
with a different procedure. Whether
we send the full edition or a link, the news is now posted before 3am,
California time daily. We will continue
to send the text version to those who want to receive it. We are still working on the HTML version and due to all the returns The html version
will have more graphics, pictures, graphs, charts, and eventually more
features. I really am more surprised that someone would
get our edition which is sometimes 32 to 40 pages 8”x11” long. How you read that on Blackberry is beyond me?. Kit ) Classified
Ads---Where Else to Go In addition to Leasing
News ads at: http://64.125.68.90/LeasingNews/JobPostings.htm Here are places to
post your resume or let them know you are looking.
Some are free. Some are not. www.adams-inc.com www.affinitysearch.com www.bajobs.com www.careerbank.com www.careerpath.com www.craigslist.org
(available in many cities now, use scroll feature) www.directemployers.com www.elaonline.com www.employmax.com www.goldenparachute.com www.Headhunter.net www.hotjobs.com www.insidevcjobs.com
Venture County, CA. Newspaper www.jobs.net www.latimes.com www.leasingtoday.com www.lessors.com www.MarketingJobs.com www.monitordaily.com www.positionfiller.com www.Postonce.com www.raleyguide.com www.RecruiterConnection.com www.resumeblaster.com www.vetjobs.com www.worktree.com ------------------------------------------------------------------------------- Advertising
in Leasing News The new version gives
advertisers a new opportunity. One
of our main goals is to help
people find jobs and therefore the “job wanted” is free. “Help Wanted” is at a lower
cost than the newsletter advertising. We also will work
with a smaller company to help them grow. Ask us. We want to help you. Here are our introductory
rates to Leasing News: We will try to make
this as easy a process as we can. Two weeks $400.00 for four
lines for ten days $50.00 per line the
next four lines $25.00 per line thereafter
Logo is free. A description of
your company is free ( not more lines than your ad.) Includes both web
site and newsletter. If newsletter is not published, an extra day will
be added to both web site and newsletter edition for each day there
is no internet edition. Please note there are "text only"
subscribers who will not be able to receive any graphics, such as logo,
etc. Longer contracts
are available at discount. Please contact us. If you are a small
leasing company and we exceed your budget, we will work with you as
we want to encourage the growth of your company. Go Here to Place
an Ad: http://64.125.68.91/AL/LeasingNews/PostingFormAdvertising.asp Newsletter Ad Only Two Weeks Minimum is $500.00
for five lines $75.00 per line for
the next five lines $50.00 per line thereafter Logo is free Description of the
company is free If newsletter is
not published, and extra day will be added. Please not there are "text
only" subscribers who will not be able to receive any graphics,
such as logo, etc. We suggest you send
in your ad and learn how many lines it will be. If you have the ability
to forecast this, a line consists of approximately type size of 10 point
using Verdana font. Please note the newsletter
type size is 12 point, but we utilize our form 10 point to determine
lineage. This is to your advantage in the newsletter version. Also note the ads
are placed in its category, such as "account executive" of
"contract administrator" or sales representative." We
will consider special categories. Please ask. As per our publication
policy of most newspapers, ads are placed by size with the largest on
the top. Leasing News will make the effort to rotate the ads that are
similar in size, but can not guarantee this will be accomplished in
a routine manner. The largest ad will be placed first when in sequence. Go Here to Place
an Ad: http://64.125.68.90/LeasingNews/PostingFormWanted.asp If you would like
more information, please contact: maria@leasingnews.org We reserve the right
to refuse any advertising. ----------------------------------------------------------------------------------- Classified Ads---Help Wanted Accounting
Equipment Sales Representative
Marketing Indirect Originator
------------------------------------------------------------------------------------------------------- CMC
Cases Like Timex—Keeps Going and Going U.S. District
Court
There are many involved
and it appears all action has been sent to this “lead case.” It appears they are
defining terms and conditions of their individual cases to be considered in
tandem. You will have to
join Pacer with a credit card to view the case history: https://ecf.ohnd.uscourts.gov/cgi-bin/DktRpt.pl?602729915523462-L_795_0-1 Full background at: http://www.leasingnews.org/Conscious-Top%20Stories/CMC_stories.htm
---------------------------------------------------------------------------------------------------- From
Our Archives—May 19,2000 http://two.leasingnews.org/archives/May/5-19-00a.htm by Christopher “ Kit Menkin 254 attended the
United Association of Equipment Leasing Conference held this last weekend
in San Francisco, hosted by Ken Greene, Esq., Conference Chair, along
with UAEL President Bob Rodi, CLP, and Dr. Ray Williams, Executive Vice-President. The goal was 250,
and Dr. Williams says this is the second highest attendance of a Spring
Conference when it is not a joint-conference, as many have been in the
past. I did not hear a disparaging word; nothing but compliments. It
was like old friends getting together and enjoying seeing each other
in good health, surviving, laughing, maybe even having a good time. As past president
of UAEL, vice-president at Textron Financial Service, Jim Merrilees,
CLP, wrote in the " 'Spring Conference Edition': Without sharing
our collective experiences, where would we be? How would we share if
UAEL were not there? Are we really so independent as our industry and
popularized cultural gurus subscribe? One more. No matter how successful
or confident we become, don't you think there will be a time we just
might need a reliable resource? In your personal life you may go to
a friend, family member or church. In your business life, our old friend
is UAEL." The San Francisco
conference chaired by Ken Greene, Esq., was a success because many first
timers and "veterans" got together. It was not only a renewal
of friendship, but a sharing of knowledge from all the sectors of the
industry: brokers, lessors, captive lessors, fundors, Internet leasing,
and service, including attorneys. While I mean no disrespect
to the key note speakers or workshop panel participants panels (I sat
on four separate panels), I thought the most meaningful talk came from
Oren Hall, former president, leasing leader with IFG, Heritage and First
Sierra, retired almost a year-and-a-half. He did a workshop
conference wrap-up at 4:15pm, Saturday, "From the Outside Looking
In." Oren Hall hasn't lost it, believe me.. While a small attendance
due to the last of the day, perhaps many playing golf, or seeing the
sights of San Francisco, he still has a pulse on the industry he has
been a part of since 1967. Hall believes there
are "great opportunities, but you have to make some corporate thinking
changes, look at the leasing industry different, and do more than just
'value added' relationship selling." "I am on the outside
looking in and I see a lot of fear," he began. "First thing
you need to do, which you should have learned from this conference---You
need to start managing change." He also was concerned
with the number of consolidations and companies getting out of the leasing
business. "Fundors are
not getting their return, " he stated. "This alone will create
more change and perhaps you may view this as chaos in the Fall of this
year. You must recognize and manage change." Hall mentioned one
of the speakers at the conference who likened leasing to golf, where
you "play it where it lies," and you take the "gimmes." "Don't be afraid
of the water trap or getting in the rough", he continued. "There
are a great deal of opportunities. Look at the opportunities and play
your ball the best you can no matter where it lands." Hall predicted
prime rate would go up twice this year ( I think he said a half point
each time ). He was not happy that home prices, employee prices, gasoline,
the cost of doing business was so high for a year and adjustments were
not done. He sees the fall of this year "industry shakeout"
and "portfolio problems." He sees more consolidations, more
leasing companies failing, and brokers having less access to better
rates. "If you can't
get your yield, something has to give", he said. "Where is
this going to happen? It is going to happen with commissions, first." Hall believes there
will be more "Program Sales" versus "Transactional Sales."
The definition of "Program Sales" would be an "account
executive" who takes the vendor account to the funding source and
does not get paid per transaction. In fact, he is not involved in each
transaction. He gave numerous examples of this, stating this is a salaried
person, perhaps with a yield or "volume bonus." Many vendors,
and perhaps even fundors, will put "operating personnel" into
special program vendor sales. The "Transactional
Sale" is where the sales person gets a commission on each transactions,
often handles each sale, handles each application by itself, and is
very much a "personal relationship." He predicts "niche
sales" will continue to increase, but with fewer players. The "relationship
sale" will continue, but it will be different for those who cannot
manage change. Many of the leasing
services displaying at the conference were aware of the "consolidation"
and changes in the industry. Randy Haug, CPL, Vice-President of LeaseTeam
said it has been very good for his company. "In the last
six months, we have added 50 new users", he said. "We now
have a total of 270 users as the industry is propelling the survivors
into understanding and controlling their business at top speed." A highly attended
panel workshop that I had the pleasure to be the moderator ( available
on video tape as many of the workshops were professionally taped ) found
little to fear from the Internet. The consensus of the internet leasing
experts such as alphabetically David Collier, TotalFunding, John Kruse,
CapitalStream (formerly System 1), Aaron Ross, LeaseExchange, the internet
"will not" kill the small ticket "application only"
business. While the very highly respected educator of the leasing industry
Sudhir Amembal held a different opinion at the NAELB Conference in Nashville,
Tennessee, the overwhelming consensus was that the internet tool would
be utilized by brokers and funders alike, with more defining of "niche"
markets and all parties becoming more "internet" savvy. The
entire conference called "Lease Trek, the Next Frontier" echoed
this theme (" Beam me, up! Scotty!"). Funders such as Bob
Fisher of Fisher-Anderson spoke about how Capital Stream was enabling
his company to speed communications with both brokers and funders. Alan
Collier spoke about how brokers would be paid fees to funnel business
on the Internet. Aaron Ross of LeaseExchange participated in two panel
workshops, talking about how the World Wide Web financial investors
saw the leasing industry, and in the second stated the Venture Market
had changed and if the leasing companies on line did not have their
money raised from the VC Market, it was too late. There were several
Internet leasing companies in the audience, such as AccessLease, Cyberlease,
( AJ Batt says he received $12 to $15 million a month via the internet,
but only 35% qualify and less than this fund, something that he is trying
to get a handle on ). Past President George
Davis, CLP spoke at "Quasi-Vendor," about how he "partnered"
with vendors formally creating separate corporations and delivered captive
business for both vendor and broker benefit. By the way, this is on
videotape, and worth the price to hear George "let his hair down"
and tell you the secrets he has learned and found very successful. There were several
panels regarding pricing, risk rewards, and unfortunately I was unable
to attend them as I was participating in other panels, or choose another
workshop ( I could not plan very well what I would be able to attend
). One on "Pricing Dynamics" the moderator Bob Rodi said would
be repeated in Orlando, Florida, at the September UAEL Fall Conference.
Participants included Randy Ernst, Textron Financial, Curt Lysne, GE
Capital/Colonial Pacific, and Troy Molitor, The Manifest Group. The
pricing and viewpoint of fundors was fascinating as late charges are
considered profit ( "We like lessees who pay within 11 to 29 days."
) "The Wired World"
moderated by Rochelle Batt was with Aaron Ross of LeaseExchange. and
myself. Aaron went over current and future aspects of the new internet
leasing companies approach to the marketplace. Basically I spoke about
the same theme I gave at the NAELB Conference: the importance of educating
yourself, your employees, where to get this for free, other advice;
increase the speed of your computer, why, how, where to go, plus internet
connections, where, how ( I do recommend you visit: http://www.americanleasing.com/recommendations/internet.html
). There were many keynote
speakers, such as Dr. James Canton, whose book "Technofutures"
was given to all participates compliments of Fisher-Anderson; Professor
Haim Mendelson from Stanford University; Mark Oman, and Rich Masterson,
former lessor, broker, master of the internet, co- founder of US Interactive,
and now a major investor in the industry from his financial success
and strategic internet consultant to many blue chip clients. Their remarks
and speeches would fill up several books. You should have been there. Membership of UAEL
is now 572. Membership Chairs Rudy Trebels, CLP and Theresa Kabot, CLP,
bestowed the 1999 membership contest award to past president Jim Lahti,
CLP, for bringing in twelve new members. Runner up with ten new members
was Bob Baker, CLP, with ten new members, and past president George
J. Davis, II, CLP for eight new members. The Fisher-Memorial
Award, in honor of the late Jim Fisher, was presented to Alan Jenson,
CLP, 1999 Arizona Regional Chair. Chris Canavati, CLP,
Education Committee Chair, and Jim McCommon, CLP, the Board Liaison
noted that less than five years ago there were less than 50 CLP's across
the nation. Today there are over 200 Certified Lease Professionals.
At the conference, eight new CLP's were honored, plus received their
Plaques: J. Craig Bradfield,
CLP - BB&T Leasing Corporation Jill Brothers, CLP
- Financial Pacific, Co. Irv Ellis, CLP -
LeaseCor, Inc. Renee Fox, CLP -
Alliance Funding Inc. Brent M. Hall, CLP
- Pinnacle Capital, LLC Tino Hernandez, CLP
- Fisher-Anderson, LC Robert Al Herndon,
CLP - Equipment Leasing Specialists, Inc. Tim Hill, CLP - Leasource
Financial Services Kristina A. Jupka,
CLP - FMC Leasing Corp. John Kirby, CLP -
BB&T Leasing Corporation Tom Persia, CLP -
Worcester Financial Group, Inc. Ronald Schutz, CLP
- Source Capital Leasing Co. Tony J. Sedlacek,
CLP - Financial Pacific Leasing Pauniece Shuck, CLP
- Ivanjack, Lamberth & Aranoff Steve Tidland, CLP
- Golden West Financial Services Carl Villella, CLP
- Onyx Capital Corporation Scott Wheeler, CLP
- Priority Funding Corporation Steve Whitney, CLP
- Fisher-Anderson, LC --------------------------------------------------------------------------------------- ### Press Release
###############################
Credit.net
Site Offers Unlimited Business Credit Reports for $50 Per Month OMAHA, Neb.--( --infoUSA(R)
(Nasdaq:IUSA), the leading provider of proprietary business and consumer
databases and sales leads, today announced that it's new site, www.credit.net
is offering unlimited Business Credit Reports for an affordable $50
per month subscription price. During this introductory period, subscribers
will receive an initial month of free reports. Each Business Credit Report contains valuable data for 14 million
businesses, including number of years in business, credit rating, management
directory, sales volume, number of employees, lines of business, competitors,
phone, fax and web site address, corporate linkages and bankruptcy,
lien and judgment information. These reports can be used for business
verification and due diligence, sales prospecting, and assistance in
credit decisions and collection efforts. The site will also allow businesses
to generate and update an online Credit Application that they can send
to suppliers, banks and leasing companies. Vin Gupta, Chairman and CEO, infoUSA, commented, "We are very
please to offer our Business Credit Reports at a very affordable subscription
price. infoUSA has the finest and most frequently updated and verified
proprietary business data, which ensures that the information in the
report will be both accurate and timely. The introduction of this new
web site give our customers an even easier way to access these credit
reports, as well as providing infoUSA with a powerful branding opportunity
by using the credit.net name. About infoUSA infoUSA (www.infoUSA.com), founded in 1972, is the leading provider
of business and consumer information products, database marketing services,
data processing services and sales and marketing solutions. Content
is the essential ingredient in every marketing program, and infoUSA
has the most comprehensive data in the industry, and is the only company
to own a proprietary database of 250 million consumers and 14 million
businesses under one roof. The infoUSA database powers the directory
services of the top Internet traffic-generating sites, including Yahoo!
(Nasdaq:YHOO - news) and America Online (NYSE:TWX). Nearly 3 million
customers use infoUSA's products and services to find new customers,
grow their sales, and for other direct marketing, telemarketing, customer
analysis and credit reference purposes. infoUSA headquarters are located
at 5711 S. 86th Circle, Omaha, NE 68127 and can be contacted at (402)
593-4500. CONTACT:infoUSA, Omaha Vin Gupta, 402-596-8900 Fax: 402-339-0265 E-Mail: vin.gupta@infoUSA.com or Laurel Gottesman,
402-593-4535 Fax: 402-339-0265 E-Mail: laurel.gottesman@infousa.com ### Press Release
############################## GATX
Financial Corporation Establishes New $545 Million Credit Facility CHICAGO----GATX Financial
Corporation, a wholly owned subsidiary of GATX Corporation (NYSE:GMT),
today announced that it signed a new $545 million credit agreement.
The credit agreement is comprised of a $445 million 3-year senior unsecured
revolving facility maturing in May 2007, and a $100 million 5-year senior
unsecured term loan, with a delayed draw feature, maturing in May 2009.
The new agreement replaces three separate revolving credit facilities
previously in place at GATX Financial. The covenants and conditions
of the new agreement are substantially the same as those in the previous
facilities, while pricing improved versus the most recent facilities.
William J. Hasek, vice president and treasurer of GATX Corporation,
stated, "The establishment of this new credit agreement provides
GATX with the financial capacity and long-term credit support that is
critical to our success as we pursue growth initiatives in our core
markets. Furthermore, by establishing one credit agreement we can work
more closely with those banks that have been most supportive of GATX,
and we look forward to doing so in the years ahead. We have undertaken
a number of steps to strengthen our credit profile, and completion of
the new credit facility and the recent decision by Moody's Investors
Services to revise its ratings outlook on GATX Financial from negative
to stable, serve as encouraging signs of our progress to date."
Citicorp, USA Inc. and Citigroup Global Markets Inc. acted as administrative
agent, lead arranger, and book manager; JP Morgan Chase Bank and Bank
of America acted as co-syndication agents; and Calyon and Deutsche Bank
acted as co-documentation agents. COMPANY DESCRIPTION GATX Corporation (NYSE:GMT) is a specialized leasing company combining
asset knowledge and services, structuring expertise, partnering, and
capital to serve customers and partners worldwide. GATX specializes
in railcar, locomotive, and aircraft operating leasing. Investor, corporate, financial, historical financial, photographic
and news release information may be found at www.gatx.com. CONTACT:GATX Corporation
Robert C. Lyons (Analysts & Investors), 312-621-6633 or Rhonda S. Johnson, 415-955-3211
### Press Release
############################## American
Financial Services Association Statement Regarding Standard and Poor's
Announcement on New Criteria for Certain Loans Governed by Anti-Predatory
Lending Laws WASHINGTON,- Last
week's announcement that Standard and Poor's Rating Services will require
additional credit enhancement for certain loans governed by anti-predatory
lending laws is likely to mean an increase in lenders who no longer
offer certain loan products in the states and cities affected by the
new requirements. Some of these lenders may exit these markets
altogether, seriously diminishing credit options for needy borrowers. Standard and Poor's,
which recently completed a year-long review of more than 40 distinct
federal, state and municipal anti-abusive lending laws, cites subjective
or unclear standards for determining which loans are predatory, including
the demonstration of an undefined tangible net benefit, as the reason
it believes that it must move to mitigate the risk to investors in mortgage
backed securities. AFSA has long campaigned on these very issues, warning
of the reaction of agencies such as S&P and the follow-on effect
for the lenders who rely on them. "S&P's decision
comes as no shock -- indeed we have been predicting such a reaction
for some time," said AFSA president and chief executive officer
Randy Lively. "We have seen the effects of these overreaching laws
in a number of states and municipalities around the nation. They have
a profound negative social and economic impact and usually end up hurting
the very people they were supposed to protect. "Nowhere was
this negative impact felt more than in Georgia last year," he continued,
"A flawed law containing assignee liability provisions and requiring
the demonstration of an undefined tangible net benefit, proved so catastrophic
that certain provisions had to be repealed within six months. Now we
are seeing similar laws in places like New Jersey and New Mexico and
can expect similar effects." AFSA believes that
supporting the enforcement of existing laws and increasing financial
literacy programs which give individuals the skills they need to make
sound financial decisions are the most effective ways to protect the
vulnerable from unscrupulous lenders. Founded in 1916 and
based in Washington, D.C., AFSA is the national trade association for
finance companies, "captive" auto finance/leasing companies
and other market funded financial services firms that lend to consumers
and small businesses. SOURCE American Financial Services Association CO: American Financial Services Association; Standard
and Poor's ST: District of Columbia SU: LAW Web site: http://www.afsaonline.com
### Press release
############################## Nassau
Asset Management Completes Equipment Liquidation for Miners Fuel Co.
Bankruptcy Nassau's Remarketing
Process Nets Top Dollars by Seller's Deadline ROSLYN HEIGHTS, N.Y.,--
Nassau Asset Management announced today that the company recently completed
its liquidation of remaining equipment from the Miners Fuel Co.'s Chapter
7 bankruptcy in Tremont, PA, attracting a winning bid of $800,000 for
the entire lot of more than 100 tractors and walking-floor trailers. Ed Castagna, senior
executive vice president of Nassau, says his company's remarketing process
ensured that the winning sale price reflected the highest fair market
value possible for the equipment, which had been used heavily in Miners'
trash-hauling business. Multiple
bids were obtained in a timely fashion prior to the desired time line. Nassau's remarketing
process combines the benefits of orderly liquidations with the power
of the Internet. Nassau posts
information and photos of available equipment on its international Web
site, www.nasset.com, gathering competitive bids within the time frame
and price range specified by the seller.
Castagna says the process tends to net higher prices than public
auctions do for selling off machinery and business equipment, including
trucks, buses, machine tools, construction equipment and medical devices.
In addition to liquidations, Nassau remarkets end-of-lease stockpiles,
returns and repossessions for equipment leasing and finance companies. In the Miners Fuel
Co. bankruptcy, the trustee had previously assigned the liquidation
to an auctioneer. Castagna says
the trustee decided to reassign the equipment liquidation after observing
the speed and sale prices available through Nassau's remarketing process,
which was already being used by two creditors in the case. "Nassau had
completed condition reports on the creditors' equipment, advertised
it, and sold it before the auctioneer had finished his first inspection
of the remaining equipment," he adds. About Nassau Nassau Asset Management
of Roslyn Heights, NY, has been providing full- service asset management,
including asset recovery, collections, remarketing, plant liquidations,
and appraisals for more than 25 years to the equipment leasing and finance
industry. For more information, please visit www.nasset.com or call
1-800-4.NASSAU. SOURCE Nassau Asset Management CO: Nassau Asset Management; Miners Fuel Co. ST: New York, Pennsylvania SU: BCY Web site: http://www.nasset.com ### Press Release
############################## ------------------------------------------------------------------------------
News
Briefs--- Greenspan Nominated
To 5th Term As Fed Chief http://www.washingtonpost.com/wp-dyn/articles/A37746-2004May18.html Housing construction
dips in April after brisk March http://www.signonsandiego.com/news/business/20040518-1410-economy.html Deere posts record
second-quarter earnings http://www.signonsandiego.com/news/business/20040518-1336-earns-deere.html Wall Street Remains
Skeptical About HP http://www.washingtonpost.com/wp-dyn/articles/A38349-2004May19.html Google Moves Toward
a Direct Confrontation With Microsoft http://www.nytimes.com/2004/05/19/technology/19google.html?hp Salesforce IPO still
on hold Martha Stewart TV
show suspended next season http://www.usatoday.com/money/industries/retail/2004-05-18-martha- Here Comes the Judge:
Take Cover, Would-Be Idols http://www.nytimes.com/2004/05/19/arts/television/19IDOL.html?8hpib History mystery:
Are bones Mill Valley pioneer's? http://www.sfgate.com/cgi-bin/article.cgi?f=/chronicle/archive/2004/ ------------------------------------------------------------------------
“Gimme
that Wine” Brown-Forman Releases
Carb-Conscious Wine Brand http://www.winespectator.com/Wine/Daily/News/0,1145,2477,00.html Yquem Rules at Zachys
Auction http://www.winespectator.com/Wine/Daily/News/0,1145,2475,00.html Wine Tasting on the
Central Coast has Changed Forever http://www.vino.com/press/press_release.asp?PRID=342 Don Sebastiani &
Sons Announces the Three Loose Screws Division Round Hill Cellars
Reaches Out to Hispanic and Other Ethnic Markets Surprise Rothschild
bid for Napa winery Three partners would
produce a new luxury brand http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2004/05/18 http://www.nytimes.com/2004/05/18/business/18wine.html Which Champagne for
the Wedding Cake http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/05/13/WIGP46JA4B1.DTL
------------------------------------------------------------------------ This
Day in American History first not here, women, 1643-The
United Colonies of England was formed. Development of the coastal towns
of Boston, Salem, Dorchester, and Charleston in Massachusetts Bay Colony
along dwarfed the Plymouth settlement.
There were an estimated 20,000 inhabitants in the London Company's
Bay Colony alone. Religious persecution, the chance to own land
and be "free" and the opportunities in a New World each year
was bringing thousands here. 1780
- The infamous "dark day" in New England tradition. At noon
it was nearly as dark as night. Chickens went to roost, and many persons
were fearful of divine wrath. The phenomena was caused by forest fires
to the west of New England 1795-John
Hopkins birthday, founder of the Johns Hopkins University and Johns Hopkins Hospital
in Baltimore, Maryland. (lower half of http://memory.loc.gov/ammem/today/may19.html
1848-
México gives Texas to US, ending the war as per the Treaty of Guadalupe
Hidalgo signed on February 2, 1848, which was nine days after gold was discovered
in Sutter’s Mill, California. News
traveled slowly at the time. Mexico gave Arizona, New Mexico and California along with Texas
as part of the “sale.” http://www.loc.gov/exhibits/ghtreaty/ http://www.sfmuseum.org/hist6/muzzey.html 1848-
Milly Francis (B. 1802?) Creek Indian woman voted a U.S. congressional
medal and a pension of $96 - neither of which she received because she
had died of chronic starvation and tuberculosis. The award was made
31 years after she saved a white soldier's life. The American Indian
wars changed MF's life from a prosperous farmer's daughter in Alabama
to a half-starved refugee in Florida and then a victim of the Trail
of Tears when Native Americans from Florida were moved under the most
deplorable conditions to Oklahoma. 1857
- William F. Channing and Moses G. Farmer patented the electric fire
alarm, and it was first used in a massive scale in Boston, Massachusetts.
The original system consisted of 40 street fire alarm boxes connected
by telegraph circuits to a central office. 1863-
General Ulysses S. Grant attempted to take the Confederate stronghold
at Vicksburg, Mississippi. http://memory.loc.gov/ammem/today/may19.html 1866-
"When You and I Were Young, Maggie," which became one of the
most popular ballads in North America, was published in Indianapolis,
Indiana by James A. Butterfield. The song was based on a poem written
by G.W. Johnson in Hamilton, Ontario about 1864 as a tribute to his
wife. Johnson was a schoolteacher who later taught at the University
of Toronto. The most popular recorded version of the song was made in
1905 by Frank Stanley and Corrine Morgan for the Victor label. 1885-
The complete Old and New Testament English Revised Version (EV or ERV)
of the Bible was first published in England. After a promised 20- year
wait, U.S. scholars on the ERV committee published an "Americanized"
edition in 1905, known afterward as the American Standard Version (ASV)
of the Bible. 1892-Bassist
“Pops” Foster born McCall, LA. 1919-Tenor
Sax Player Georgie Auld born Toronto, Canada ( with Bunny Berrigan,
Artie Shaw, Benny Goodman.) 1920-Lorraine
Hansberry birthday, the first
black playwright to have a play on Broadway. Her parents had fought
against restricted housing in Chicago and won a Supreme Court victory
(Hansberry v. Lee - 1940; the NAACP's most celebrated housing
suit) but they moved to Mexico before the judgment.
The family had integrated a white neighborhood and while the father
went to Washington (and incidentally out of harm's way), her mother
kept the family in the Chicago home that was attacked by angry whites.
She studied painting in Chicago and Mexico before moving to New
York City in 1950. She participated in, and wrote for a number of progressive
movements. In 1959, the landmark A Raisin in the Sun - produced,
directed, and performed by blacks - became the first Broadway play ever
mounted by a black woman on Broadway. She tragically died of cancer
at age 34. Her mother worked as a hairdresser, cashier, and schoolteacher.
Her husband wrote a book and a play based on her unpublished writings
and drawings. It is entitled To Be Young, Gifted, and Black. 1921
– The first generally restrictive immigration act in the U.S. was signed
by Pres. Harding. The act, effective
June 3, initiated a quota system that restricted immigration in any
given year to 3% of the number of each nationality reported in the Census
of 1910. The total number of immigrants allowed to enter in any given
year was set at 357,000. 1925-Birthday
of Malcolm Little, better known as Malcolm X. As a young newsman, I
interviewed Malcolm X on several occasions, twice "one-to-one."
He reminded me very much of John F. Kennedy, except he could scare you.
When Malcolm X came into the room, you knew he was there. As part of the press corp, you would wait and
you knew when he entered the room as his "presence" was that
strong. http://www.who2.com/malcolmx.html (autobiography is excellent reading) http://www.cmgww.com/historic/malcolm/ 1928
-- First annual Frog-Jumping
Contest, Calaveras County, California. The current record is held by Rosie the Ribiter from Santa Clara, California. Rosie made the record-setting 21 feet, 5 3/4 inch jump in
May of 1986. 1942—Mrs.
W. Driver became the first golfer of either sex to get two holes-in-one
in the same round. She aced the third hole and the eighth hole at Balgowlah
Golf Club, Australia. 1943-
Canadian composer and synthesizer musician John Mills-Cockell was born
in Toronto. He was one of the first musicians in Canada to use the Arp
and Moog synthesizers in concert. Mills- Cockell performed from 1969
to 1972 with the Toronto rock bands Kensington Market and Syrinx, and
with the Vancouver group Hydro- Electric Streetcar. After 1972, he concentrated
on composing and recording, making only occasional live appearances.
1945-
guitarist and vocalist Pete Townshend, leader of the Who, was born in
London. The Who were one of the most widely respected rock groups of
the 1960's and '70s, apparently winding up their career with a farewell
tour in 1982. But there were to be a couple of reunions, including a
world tour in 1989. Formed in 1963, they
had only one personnel change in their entire career. Kenny Jones replaced
original drummer Keith Moon, who died of a sedative overdose in 1978.
The other two members of the Who were vocalist Roger Daltry and guitarist
John Entwistle. Pete Townshend was the group's main songwriter, responsible
for such early hits as "My Generation" and "I Can See
For Miles." The Who later expanded their songs into the rock operas
"Tommy" and "Quadrophenia." 1945---
Tobias Wolff born Birmingham Alabama. Known for short stories &
autobiographical writing, such as This Boy's Life(1989). 1947---Top
Hits Mam’selle - Art Lund Linda - Buddy Clark
with the Ray Noble Orchestra My Adobe Hacienda
- Eddy Howard New Jolie Blonde
(New Pretty Blonde) - Red Foley 1952-Disco
singer Grace Jones was born in Spanishtown, Jamaica. At first mainly a cult artist popular
in homosexual dance clubs, she gained wider popularity beginning with
her 1980 album "Warm Leatherette." http://www.trouserpress.com/entry.php?a=grace_jones http://www.emory.edu/ENGLISH/Bahri/GraceJones.html 1955---Top
Hits Cherry Pink and Apple
Blossom White - Perez Prado Unchained Melody
- Les Baxter A Blossom Fell -
Nat King Cole In the Jailhouse
Now - Webb Pierce 1958-
Bobby Darin's recording of "Splish Splash" was released. It
was the first recording made on an eight track recorder at Atlantic
Records. Darin is said to have written the song in 12 minutes. 1960-
Disc jockey Alan Freed was charged with accepting payola - money for
playing records. Freed, the deejay who did the most to spread rock 'n'
roll, was a broken man by the time he came to trial in December 1962.
He pleaded guilty to accepting bribes and received a suspended sentence
and a $300 fine. Freed, facing new charges of tax evasion, died in January
1965 at the age of 42. 1962
- Stan Musial of the St. Louis Cardinals got his 3,431st hit, setting
a new National League record. 1963---Top
Hits If You Wanna Be Happy
- Jimmy Soul Surfin’ USA - The
Beatles Foolish Little Girl
- The Shirelles Lonesome 7-7203 -
Hawkshaw Hawkins 1965
- Roger Miller received a gold record for the hit, "King of the
Road". The song was Miller’s biggest hit record. It got to number
four (3/20/65) on the pop charts and stayed on for 12 weeks. It was
a number one country music hit (3/27/65) as well. Miller, a country
singer, humorist, guitarist and composer from Forth Worth, TX and raised
in Oklahoma, went to Nashville, TN in the mid-’50s to begin a songwriting
career. He wrote songs and played drums for Faron Young in 1962, then
won what was an unprecedented, six Grammy Awards in 1965, had his own
TV show in 1966; wrote "Little Green Apples", a huge hit for
O.C. Smith and had five tunes in the top ten in 1968. To top it off,
he composed the music for the Tony Award-winning Broadway musical, "Big
River" in 1985. 1968
- Piano stylist and vocalist Bobby Short gained national attention as
he presented a concert with Mabel Mercer at New York’s Town Hall. He
had been the featured artist at the intimate Hotel Carlisle for years. 1969-
The Beatles' single "Get Back" is awarded a gold record for
sales over 1 million; within a week it hits Number One in the U.S. 1971-
"Godspell" first opened at the Cherry Lane Theater in New
York City. The musical by Stephen Schwartz is based on the New Testament
Gospel of Matthew, and is still produced by secular and religious theater
groups today. 1971---Top
Hits Joy to the World
- Three Dog Night Never Can Say Goodbye
- The Jackson 5 Brown Sugar - The
Rolling Stones I Won’t Mention It
Again - Ray Price 1973-Paul
Simon releases "Kodachrome." 1973
- Secretariat won the second jewel of horse racing’s Triple Crown by
capturing the Preakness Stakes in Baltimore, Maryland. The famed horse
later went on to win the Belmont Stakes in New York to earn the Triple
Crown with jockey Ron Turcotte as the rider. 1973 - Stevie Wonder moved to the number one position on the "Billboard" pop music chart with "You are the Sunshine of My Life". It was the third number one song for Wonder, following earlier successes with "Fingertips - Pt 2" (8/10/63) and "Superstition" (1/27/73). He would have seven more number one hits between 1973 and 1987: "You Haven’t Done Nothin’", "I Wish",
"Sir Duke", "Ebony & Ivory" (with Paul McCartney),
"I Just Called to Say I Love You", "Part-Time Lover"
and "That’s What Friends are For". 1974—Singer
Kate Smith made a personal appearance t the Spectrum in Philadelphia
to sing “Good Bless America” before the seventh game of the Stanley
Cup finals, putting the Philadelphia Floyers against the Boston Bruins.
The Flyers had enjoyed remarkable success when they played Smith’s recording
of the Irving Berlin song. For the decisive game, the personal touch
worked. The Flyers won 1-0. 1975
- Thunderstorms produced golf ball size hail and wind gusts to 110 mph
in Minnesota, between Fridley and Hugo. Fifty persons were injured.
The hail and high winds destroyed fifty mobile homes, and a dozen aircraft,
and also destroyed a third of the Brighton Elementary School 1976
-- Poet Gwendolyn Brooks becomes the first black woman inducted into
the US National Institute of Arts & Letters http://www.poets.org/poets/poets.cfm?prmID=166 http://www.english.uiuc.edu/maps/poets/a_f/brooks/brooks.htm http://www.flint.lib.mi.us/fpl/resources/poetry/poetryquiz/brooks.html 1979---Top
Hits Reunited - Peaches
& Herb Hot Stuff - Donna
Summer In the Navy - Village
People If I Said You Had
a Beautiful Body Would You Hold It Against Me - Bellamy Brothers 1984-The
Cars release "Magic." 1986-Peter
Gabriel releases his album, So. 1987---Top
Hits With or Without You
- U2 The Lady in Red -
Chris DeBurgh Heat of the Night
- Bryan Adams To Know Him is to
Love Him - Dolly Parton, Linda Ronstadt, Emmylou Harris 1988--
"Red Sox" retire Bobby Doerr's #1 1989
- Thunderstorms developing ahead of a cold front spawned ten tornadoes
from Illinois to Tennessee during the afternoon and night. Snow, wind
and cold prevailed in the Northern Plateau Region and the Northern Rockies.
Dixie, ID, was blanketed with nine inches of snow, winds gusted to 87
mph at Choteau MT, and the temperature at Crater Lake, OR, dipped to
11 degrees. 1992
- The 27th Amendment to the Constitution, which prohibits Congress from
giving itself mid-term pay raises, went into effect. 1992
-- VP Dan Quayle attacks TV
character Murphy Brown for having a baby out of wedlock. 1994—Top
Hits Swear- All-4-One The Sign- Ace Of
Base I ll Remember (From
"With Honors")- Madonna The Most Beautiful
Girl In The World- The Artist 1995-
Emmy's 22nd Daytime Award presentation - Susan Lucci loses for 15th
time 1998-The
World Golf Village, an ambitious 6,300 acre development supported by
every major golf organization in the world and located in St. Augustine,
FL.,opened to the public. The complex includes three championship golf
courses, a luxury hotel, vacation villas, retail stores, a convention
center, a Mayo Clinic medical facility and the World Golf Hall of Fame
with more than 70 exhibits arranged in an “18 hole” layout. 1998--
For the second time this season and fourth time in his career Mark McGwire
hits three homers in a game. 'Big Mac' becomes the 12th player to hit
two three- homer games in a season as he smacks three two-run round
trippers against the Phillies. 1999—Top
Hits Livin La Vida Loca-
Ricky Martin No Scrubs- TLC Kiss Me- Sixpence
None The Richer Every Morning- Sugar
Ray 2002-
Cubs' first baseman Fred McGriff's two-run homer at Miller Park ties
Ellis Burks' record of homering in 40 different major league parks.
The 'Crime Dog's' eighth inning blast knots the score 3-3 in an eventual
4-3, 11-inning victory over the Brewers snapping Chicago's nine-game
losing streak. Stanley Cup Champions This Date 1974 Philadelphia Flyers 1984 Edmonton Oilers Bucs.net Baseball Poem “Jack”
In honor of Gwendolyn Brooks, her poem:
|
||||||||||||
|
||||||||||||
|
||||||||||||
|