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Leasing News is a web site that posts information, news, and
entertainment for the commercial alternate financing,
, finance and leasing industries


Wednesday, May 25, 2016

Today's Equipment Leasing Headlines

Archives: May 25, 2007
  Bob Baker, CLP, now in Heaven
Supporter of LEAF Financial Acquired by C-III Capital Partners
      But Group Claims Price “is significantly lower than estimated”
Top Five Leasing Company Websites—
    in North America
Leasing Industry Ads---Help Wanted
  Positions Available
Sales Make it Happen by Bob Teichman, CLFP
Leasing Schools/Franchisors
 Also Teaching Commercial Loans and Real Estate Loans
Company Display Advertising
  Support Leasing News
Real Estate Crowdfunding Platform Has Returned $40 Million
   to Its Investors
Labrador Retriever/Hound Mix
Brooklyn, New York Adopt-a-Dog
Leasing News Classified Ads
  Websites Construction
News Briefs---
Dow Jones Industrial Average Soars As Technology,
  Financial Stocks Rally Amid June Interest Rate Hike Expectations
ELFA Reports Equipment Leasing Falls in April
  March was $8.1 Billion, April was $7.3 Billion
Chinese billionaire Chen's Shanda buys 11.7% of LendingClub
  the Largest of Marketplace Consumer/Business Lenders
Toyota to Invest in Uber and Team Up on Auto Leasing Program
  GM $500MM in Lyft, Uber $300MM from VM, Apple $1B Didi Chuxing
U.S. new home sales race to eight-year high
“further evidence of a pick-up in economic growth & interest rate hike"

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Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
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       "Gimme that Wine"    
          This Day in American History
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######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer.



Archives: May 25, 2007
Bob Baker, CLP, now in Heaven

Robert D. Baker, CLP passed away at age 58, much too young to die. We have all been praying for his recovery from a second stroke.

As longtime friend, Ginny Young expressed: "We can only hope he is at peace. Soon he will join Melissa and their wonderful souls will be together forever. God bless you Bob."

We here at Leasing News will miss one of our founding advisors, who was quite active and supportive; during the early years, the controversies, always our champion. He would not only send me e-mails, but call on the telephone. He often was the first to respond when the Leasing News Advisory Board was asked a question or an opinion. He never held back. He certainly will be missed for his friendship, his thoughtfulness, and courage to stand up for his convictions.

He was also my personal good friend and colleague.

In 1995, after being in the finance and leasing industry for over 30 years, Robert D. Baker, CLP, formed the Wildwood Financial Group, Ltd. The concept of Wildwood was created by accident. Bob was a frequent speaker conducting seminars and workshops at various leasing association conferences. After a Bob’s sessions at these workshops, several companies approached him to do in-house training. It quickly became apparent that a decision needed to be made to run his leasing company or concentrate on training, so he made the decision to form Wildwood and concentrate 100% of his efforts in the training industry.

Since then, Bob personally conducted training for the majority of the major leasing companies in the country, as well as conducted training for hundreds of leasing professionals through his continuing workshops and seminars at conferences. Bob was the 33rd person to receive the prestigious CLP (Certified Lease Professional) certification and shortly after, he began Wildwood, and he expanded training to include preparation for the CLP examination.

Bob had a very close relationship with Bill Granieri, who was considered by many, to be the foremost trainer in the leasing industry. Bob sought Bills advice in the expansion of his business.

Bob then made the decision to create a “Business Opportunity” for individuals who wished to enter the equipment leasing industry. He began monthly training in the form of a three-day school in the St. Louis area where Wildwood is based. The Wildwood business opportunity originally consisted of three days of intensive training, which includes the cost of the hotel rooms and meals, etc. as well as all of the essential tools i.e. books, calculators, software, training manuals etc.

Another key to Wildwood’s success is that graduates of his program were able to have immediate access to several of the primary funding sources that agreed to waive their time in business requirements. This allowed them to avoid the normal issue of super brokers that a new person entering the leasing industry would encounter.

The last component, which Bob considers the most important, is the support that he and his staff supply to his graduates. For six months, the support is very pro-active, and Bob or a member of his staff contacts each graduate at least once a week. Support after the six months continues at no additional charge whenever a graduate needs guidance or assistance. Wildwood also conducts training for banks, and insurance companies, as well as giving “expert” testimony in litigation related to equipment leasing.

Even though Bob did not disclose the exact number of individuals he has trained, he did state that several hundred have completed the Wildwood training. Bob, without question, has brought more new members to the leasing associations than any other individual or company in the industry. Wildwood wins their membership contest virtually every year.

He also developed a staff to carry on his ethics and methods to bring leasing professional to our industry.

During his career, Bob Baker served as a Regional Chair several times for the United Association of Equipment Leasing, also serving four years on the Board of Directors. Bob was also Director of Education for the National Association of Equipment Leasing Brokers (NAELB) for several years. He has produced a full series of training tapes and a workbook for NAELB, and has served on the Advisory Boards for Colonial Pacific Leasing, Business Credit Leasing (BCL), Denrich Leasing, and The Manifest Group.

Bob shared with me that out of all the awards he has received, the one that he considers the most precious, was being the first recipient awarded the “Bill Granieri Top Gun Memorial Award” in 1998, which was established by the NAELB shortly after Bill’s death from cancer.

Many of the individuals that Bob has trained at Wildwood have formed extremely successful leasing companies, some have volunteered to be Regional Chairs for the Leasing Associations, and several have earned their CLP certification. Many consider the Wildwood Financial Group, Ltd., to be considered the premier lease training company in the United States today.

God bless you, Bob.

Christopher Menkin, Publisher


Supporter of LEAF Financial Acquired by C-III Capital Partners
But Group Claims Price “is significantly lower than estimated”

Resource America, Inc. (NASDAQ: REXI), once a key supporter of LEAF Financial, now part of a group,  has announced that it has entered into a definitive agreement to be acquired by C-III Capital Partners LLC ("C-III"), a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, investment sales and multifamily property management. Under the terms of the agreement, Resource America stockholders will receive $9.78 per share in cash, or a total of approximately $ 207 million.

According to the LEAF website, "LEAF is a joint venture among Resource America, Inc., Resource Capital Corp., Eos Partners, L.P., and Guggenheim Securities, LLC." (1)

In October, 2007, LEAF Financial was the purchaser of NetBank Business Finance, where NetBank was being operated in receivership by the FDIC. In 2012 there were losses reported by Resource America, as well as decrease in assets, and LEAF Funds showed losses, with complaints in several years from investors. (2)

Complaints on investments continued through March, 2015 (3)

There is controversy about the C-III Capital Partners offer.

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

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Resource America, Inc. (“Resource America”) (NASDAQ: REXI) concerning the acquisition by C-III Capital Partners LLC. Under the terms of the agreement, valued at approximately $270 million, Resource America shareholders will only receive $9.78 in cash per share owned. The consideration is significantly lower than at least one analyst’s estimated value of $11.00...

"The investigation centers on whether Resource America’s Board of Directors is acting in the shareholders’ best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of Resource America could be as high as $11.00 per share."

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

Jonathan Z. Cohen
Resource America
Vice chairman
Atlas Energy Resources
Atlas Energy Management

"We are very pleased with this transaction, which we believe provides excellent value to our shareholders and positions the businesses that we have created for further growth," said Jonathan Z. Cohen, President and CEO of Resource America. "Having undertaken a thorough strategic review, during which we evaluated a wide variety of options, the board has unanimously concluded that partnering with C-III is the best way to maximize value. This transaction will provide our stockholders with significant and immediate cash value. C-III is a highly regarded real estate services and investment management organization with outstanding leadership, deep commercial real estate expertise and a management team, led by Andrew Farkas, that has a 30-year track record of acquiring and enhancing businesses and helping them flourish. This transaction should enable Resource America to focus on reaching a new level of excellence, which will benefit our employees, customers and partners."

Edward E. Cohen
Resource America
Atlas Energy LP

Edward E. Cohen, Chairman of Resource America since 1988, said, "I am very pleased that we are aligning with a strong, visionary and experienced group of high competence and achievement. We are achieving excellent value for our shareholders, providing a dynamic arena for our employees to grow Resource America's businesses and will enable us to continue to offer outstanding investment products in various public, non-traded and private vehicles."

Andrew L. Farkas, Chairman and CEO of C-III Capital Partners, said, "This transaction is a significant milestone for C-III. Since inception, we have been acutely focused on building and strengthening our industry position as a premier commercial real estate services and investment management firm. The addition of Resource America's businesses further diversifies our platform and enables us to become an even broader and more robust full-service provider of commercial real estate debt and equity solutions, spanning loan servicing and origination, fund management, property management, brokerage and other services. We look forward to partnering with Resource America's businesses and working with them to drive strong results across our combined platform as we embark on this next chapter of our growth."

C-III intends to retain the leadership and staff of Resource America's asset management businesses. The transaction, which is expected to close late in the third quarter or early in the fourth quarter of 2016, is subject to approval by Resource America stockholders, regulatory approvals and other customary closing conditions. The acquisition is not subject to any financing conditions. (4)

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



(3) Reader Complaint about LEAF Financial Investment
Says He and Sister Were Misled

(4) C-III Capital Partners to Acquire Resource America (REXI)
        in ~$207M Deal

LEAF and Resource America



Top Five Leasing Company Websites—
in North America

(The lower the rating, the higher of the list of websites visited
the most, according to

Time on Site: 2:10
USA Alexa Traffic Rating: 62,095
WWW: 186, 630
Sites linking in: 452

Time on Site: 2:39
USA Alexa Traffic Rating: 82,211
WWW: 294,706
Sites Linking in: 474

Time on Site: 3:58
USA Alexa Traffic Rating: 130,706
WWW: 604,442
Sites Linking in: 51

Time on Site: 2:23
US Alexa Traffic Rating: 135,733
WWW: 528,919
Sites Linking in: 149

Time on Site: 3:03

USA Alexa Traffic Rating: 153,755
WWW: 832,271
Sites Linking In: 35

Direct Capital remains number one, but did drop from ranking of 53,549 in March. CIT, its parent, remains number two, but also dropped from 82,211 from 54,084, also dropping from time of site from 3:06 to 2:39. Balboa is at three 119, 965 to 135,733.

TimePayment improved, going from 156,066 to 130,706 as well as “time on website,” the highest at 3:58. Financial Pacific is fifth, also improving its position, now to 153,766

There also were a number of companies that came in under 300,000, such as Ascentium Capital at 267,823.

Working Capital and Business Loans were not included. They do seem to have better website scores than in leasing, such as:

 Rapid Advance
USA Alexa Traffic Rating: 118,726
WWW: 566,645
Sites Linking in: 157

It appears that Alternate Finance companies really know how to work the internet.

It is interesting that other sites, such as First American Equipment Finance, that offers "Concierge-Level Service," and many video testimonials, plus a strong visual site, has a US rating of 1,037,408 and "Daily Time on Site" of 1:28.  They also have the most Certified Leasing and Finance Professionals on their staff: 55. With all the credentials and excellent website they should be on the top five list, but are certainly out of the running, according to

Note: Many leasing companies affiliated with banks are included
in the bank website and therefore an independent rating of visitors is not available.

March 2, 2016 Ratings:


Leasing Industry Help Wanted

Sales Representative
San Francisco

2 to 3 Years in Financial Services

The keys to success at ATEL include:

Ability to learn quickly and effectively
Money motivated
Competitive, never say die attitude

"You were born to win, but to be a winner,
you must plan to win, prepare to win,
and expect to win." - Zig Ziglar

For Further Information, click here
ATEL Capital Group, headquartered in the Transamerica Pyramid in San Francisco, is one of the largest independent equipment financing companies in the US serving a wide range of industries, focusing on Fortune 1000 companies and other near investment grade credit corporations. Since 1977 ATEL has priced, structured and negotiated in excess of $30 billion of equipment lease financing transactions


Credit/Syndication Analyst

Position located in Denver, Colorado or Gig Harbor, Washington.

For the right candidate ability to work remote may be an option.

Commercial equipment leasing/finance experience preferred, but must have 2+ years commercial credit experience, strong knowledge of business and credit principles.

For more information, please click here
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Please see our Job Wanted section for possible new employees.



Sales Make it Happen
by Bob Teichman, CLFP


Equipment leasing isn't the oldest profession in the world, but it comes close. There is evidence that agricultural leases were written over 4,000 years ago. Leases are no longer written on clay tablets, but types of assets leased then are leased today. We still lease agricultural equipment, we still lease land, we still lease cattle.

But leasing as we know it only really dates from the mid-twentieth century. Then a lessor could be a generalist, serving to its customers whatever kind of equipment they wanted using a limited palette of leases. Credit decisions were either heavily oriented towards collateral, or required intensive due diligence. Industry specialists were mainly affiliated with manufacturers.

Today the equipment leasing world is far more complex. Small ticket, medium ticket, large ticket, application-only, full disclosure, domestic, cross-border; the variations alone could and do fill entire volumes.

So how does a small practitioner decide where to spend his or her valuable selling time? Unlike large lessors, who cover all markets through specialized units, the small lessor or broker must establish limits and make careful choices.

Many successful lessors choose to specialize by industry. They learn all they can about their chosen industry, write articles for their industry's newsletters, join their industry's associations and exhibit at their industry's trade shows. They become part of the industry, are well-known to vendors and manufacturers, and, as a result, are the first lessors to come to mind when the subject of financing comes up.

Often, lessors work with industries with which they worked before they entered the leasing business. But how does a lessor with no equipment background choose an industry? The process may start with a preferred vendor, or with an acquaintance, or with a personal interest in a process or device. It doesn't matter if the starting point is small so long as the lessor maintains direction and a continued interest in the industry.

As with all industries, the equipment leasing business has peaks and valleys; we are still recovering from the most recent downturn. What happens to the lessor if his or her preferred industry goes into a decline? When the economy turned bad a few years ago, I received a call from a lessor who specialized in an industry which few lenders wanted to fund. He believed he was at a dead end, since he didn't know any other business but that of his specialty. I suggested that he help his vendors obtain financing for their own needs and that he expand his vendor relationships by asking his industry vendors to refer companies who supplied equipment to them. This strategy worked.

Specializing in an industry doesn't mean turning away entirely from related opportunities. But it does require focus and dedication, and can pay long term dividends, both personal and economic.

Bob Teichman, CLFP
Teichman Financial Training
"Education & training for equipment leasing and financing personnel"

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

Real Estate Crowdfunding Platform Has Returned $40 Million
to Its Investors

LOS ANGELES – –, one of the leading online marketplaces for real estate investing, announced today that it has crossed $200 million in funded equity and debt transactions on its platform. The company also announced it has reached $40 million in distributions of principal and returns to its investors.

Since its launch in 2013,, which connects investors with opportunities to participate in commercial real estate transactions, has grown to over 80,000 members in 50 states who have invested in more than 350 properties.

Jilliene Helman

“Our goal has always been to democratize commercial real estate by enabling a new generation of investors to participate in real estate opportunities that were historically difficult to access,” said CEO Jilliene Helman. “Reaching the $200 million mark at this stage shows we’re continually following through on this goal and growing as a company.”

Hrach Simonian
General Partner
Canaan Partners

“Through its crowdfunding platform, has unlocked a traditionally opaque and proprietary asset class to the investing masses,” said Hrach Simonian, General Partner at Canaan Partners and a board member. allows investors to invest in real estate across a variety of property and investment types nationwide. The company focuses on small-balance commercial real estate opportunities in the $1-5 million range. Recent transactions the platform has facilitated include a $2.2 million first-mortgage loan on an industrial property in Alabama, a $1.5 million preferred equity contribution to a multi-tenant office building in Illinois, a $1 million joint venture equity investment in a shopping center in Florida, and a $1.25 million mezzanine loan on an office complex in California.

Rob Rueckert
Managing Director
Sorenson Capital

“ is poised to continue disrupting the real estate investment landscape, guided by its principal of ‘access through innovation,’” added Rob Rueckert, Partner at Sorenson Capital and board member.

“The $40 million in returned funds is as important in my mind as our total invested dollars, if not more,” added Helman. “Creating value for our investors is what we thrive on. At the end of the day, it’s all about them.”

About is an online marketplace for real estate investing, giving individual investors real-time access to commercial real estate and professional real estate companies easier access to capital. Through crowdfunding, gives investors tools to browse investments, do due diligence, invest online and have 24/7 access to an investor dashboard to watch how their investments are performing. partners with professional real estate companies to source investment opportunities and curates all of the investments.  For these real estate companies, offers JV and preferred equity as well as mezzanine and first position debt.  For more information, visit

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



Labrador Retriever/Hound Mix
Brooklyn, New York Adopt a Dog


Adam Driver
3 Years Old
House Trained
Crate Trained
Current Vaccinations

"Dark and mysterious-looking, it took a little time for Badass Adam Driver to get discovered. He's coming to us after months in an Alabama kill shelter and undergoing heartworm treatment. Adam's about 3 years old and 50 pounds and, according to his foster Dad, is "very intelligent, loyal" and listens to his people with military precision. He gets along with other dogs and people of all ages, is housebroken, crate trained, and walks well on a leash. Adam's liberal with his affection but very respectful. He's bound to make it big with Girls in Brooklyn."


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Adopt a Pet



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News Briefs---

Dow Jones Industrial Average Soars As Technology,
  Financial Stocks Rally Amid June Interest Rate Hike Expectations

ELFA Reports Equipment Leasing Falls in April
  March was $8.1 Billion, April was $7.3 Billion

Chinese billionaire Chen's Shanda buys 11.7% of LendingClub

Toyota to Invest in Uber and Team Up on Auto Leasing Program
  GM $500MM in Lyft, Uber $300MM from VM, Apple $1B Didi Chuxing

U.S. new home sales race to eight-year high
“further evidence of a pick-up in economic growth & interest rate hike "




--You May Have Missed It

7 things you didn't know about the National Spelling Bee


SparkPeople--Live Healthier and Longer

Choosing a Walking or Running Route
On the Road to Fitness


Baseball Poem

How It All Started

It all started
when Pedro threw a no-hitter on Opening Day.
Nomar backed him up
with a triple play deep in the hole
and Manny Ramirez smashed
the first of 90 home runs.

Suddenly things got brighter.
Flowers sprang whole from the earth
and the cod swarmed to George's Bank.
The war ended.  U.S. Marines
danced in the streets with handsome Fedayeen.
(Jerry Falwell married them off
while the Pope and the imams cheered.)

Israel and Palestine agreed
to share everything:  beds, cities, streets,
temples and mosques,
falafel and coffee and tea.
Air pollution stopped
along with global warming and gum disease.

The Sox won it all of course,
beating the Yankees in three
and the Yankees in four
and the Yankees in five
(they lost one just to keep the Series alive).
Mia Hamm hit a grand slam
to put it away in the ninth.

Boston exploded with joy.
Babe Ruth signed the game-winning ball
and nobody sold it on E-bay.

That's how it all started.
At least, that's what I recall



Sports Briefs----

Thunder rout Warriors for 3-1 advantage

NFL awards 2021 Super Bowl to Los Angeles

2017  Houston
2019  Atlanta
2020  Miami
2021 Los Angeles

Mark Davis says Las Vegas will “unite the Raider nation”

Now Tom Brady has a bunch of professors on his side

Jed York calls on governor to repeal controversial LGBT law

Football fans rejoice? Pac-12 to curb night football games

Former NFL player Bubba Smith had brain disease CTE when he died

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


California Nuts Briefs---

California's car buying boom continues

California charter schools involved in multiple political battles


Receivables Management LLC
John Kenny

• End of Lease Negotiations & Enforcement 
• Third-Party Commercial Collections | ph 315-866-1167

(Leasing News provides this ad as a trade for investigative
    reporting provided by John Kenny)


“Gimme that Wine”

El Nino hampers Argentina’s 2016 wine harvest

A Look Back at the Santa Lucia Highland’s Humble Pioneer

How America Kicked France in the Pants
    And Changed the World of Wine Forever

Record prices for Napa vineyard land

Taste of Mendocino 2016: Saturday June 25th
 A Soaring Exploration of Mendocino's Bounty

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in American History

     1607 - The first battle between English colonists and Native Americans took place in Jamestown, Virginia. One hundred and five colonists were able to repulse an attack by two hundred Native American Warriors.
    1647 - Achsah Young of Massachusetts was hanged as a witch. According to historians, Margaret Jones of Charlestown, MA was the first accused of being a witch, but was not executed until 1648 by drowning.
    1721 - The first fire insurance agent is said to have been John Copson of High Street, Philadelphia ,PA, who inserted an advertisement in the American Weekly Mercury announcing that he would open an office for insurance on “vessels, goods and merchandise.”
    1738 - A treaty between Pennsylvania and Maryland ended the Conojocular War with settlement of a boundary dispute and exchange of prisoners.  Hostilities erupted in 1730 with a series of violent incidents prompted by disputes over property rights and law enforcement, and escalated through the first half of the decade, culminating in the deployment of military forces by Maryland in 1736 and by Pennsylvania in 1737. The armed phase of the conflict ended in May, 1738 with the intervention of King George II, who compelled the negotiation of a cease-fire. A final settlement was not achieved until 1767 when the Mason-Dixon Line was recognized as the permanent boundary between the two colonies.  Maryland’s claim was the 40th parallel which put its border north of Philadelphia.  
    1787 - Four years after the United States won its independence from England, 55 state delegates, including George Washington, James Madison, and Benjamin Franklin, convene in Philadelphia to compose a new U.S. constitution. In February, 1788, a compromise was reached under which Massachusetts and other states would agree to ratify the document with the assurance that amendments would be immediately proposed. The Constitution was thus narrowly ratified in Massachusetts, followed by Maryland and South Carolina. On June 21, 1788, New Hampshire became the ninth state to ratify the document, and it was subsequently agreed that government under the U.S. Constitution would begin on March 4, 1789. On September 25, 1789, the first Congress of the United States adopted 12 amendments to the U.S. Constitution--the Bill of Rights--and sent them to the states for ratification. Ten of these amendments were ratified in 1791. In November, 1789, North Carolina became the 12th state to ratify the U.S. Constitution. Rhode Island, which opposed federal control of currency and was critical of compromise on the issue of slavery, resisted ratifying the Constitution until the U.S. government threatened to sever commercial relations with the state. On May 29, 1790, Rhode Island voted by two votes to ratify the document and the last of the original 13 colonies joined the United States. Today the U.S. Constitution is the oldest written constitution in operation in the world.
    1790 - The first copyright law was enacted by Congress “for the encouragement of learning by securing the copies of maps, charts and books to the authors and proprietors of such copies during the times therein mentioned.” Protection was extended over a 14-year period, renewal rights being granted only if the author was still alive.
    1793 - The first Catholic priest ordained in the United States as Father Stephen Theodore Badin, by Bishop John Carroll in Baltimore, MD. He was appointed to the mission of Kentucky and held his first mass there on the first Sunday of Advent, 1793, in the house of Ennis McCarthy in Lexington, KY. In British colonial America, there were few English-speaking Catholics outside of Maryland, which was established in 1634 as a haven for Roman Catholics persecuted in England. One hundred years later, John Carroll was born in Baltimore into a prominent Catholic family. As secondary Catholic education was forbidden by the British colonial authorities, Carroll traveled to Europe, where he was ordained in 1769. Returning to America, he aided the Patriot cause during the Revolutionary War, and, in 1790, was chosen by the Vatican to become the first bishop of the US Catholic Church.
Carroll supported the separation between church and state, and advocated an autonomous US clergy that would elect its own bishops and carry out its own training. In his early years as bishop, he endorsed the use of English in the liturgy, and, in 1793, presided over the first ordination of a Catholic priest on US soil. Although the US Catholic Church grew substantially under Carroll’s leadership, it was the mass immigration of Catholics from Ireland, Germany, Italy, Poland, and the Balkans during the nineteenth and twentieth centuries that made Catholicism a major force in US religious life.
    1803 - Ralph Waldo Emerson (d. 1882) birthday, American author and philosopher, at Boston, MA. It was Emerson who wrote (in his essay "Self-Reliance," 1841), "A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines. With consistency a great soul has simply nothing to do."
    1829 - The first letter written on a “typographer,” the first typewriter, was sent by John P. Sheldon, editor of the Michigan Gazette, Detroit, MI, to Martin Van Buren, secretary of state. The first practical typewriter was invented in 1867 by Christopher Latham Sholes, who coined the word “type-writer.” It was first manufactured in 1873. The typewriter ribbon was patented on September 14, 1886 by George K. Anderson of Memphis, TN.
    1844 - The gas engine was invented by Stuart Perry of New York City, who received a patent for it. He invented both air-and-water-cooled types and used turpentine gases as fuel.
    1844 - The first news dispatch by telegram was sent from Washington, DC, to the offices of the Baltimore Patriot. The message read: “One o’clock. There has just been made a motion in the House to go into committee on the whole on the Oregon question. Rejected. Ayes 79-Nays 86.” The Democratic platform was nationalistic, calling for the annexation of Texas and control of the entire Oregon Territory, then shared with England.
    1847 - John Alexander Dowie (d. 1907) was born at Edinburgh, Scotland.  Evangelist and claimant of the title "Elijah the Restorer,” he established the Christian Catholic Church at Zion, IL, where some 5,000 followers created a unique community without pharmacies, physicians, theaters or dance halls and where smoking, drinking and the eating of pork were prohibited. Dowie's ostentatiously expensive personal lifestyle and his unsuccessful attempt to convert New York City were partially responsible for the falling away of his followers. He was expelled from the church in 1906.
    1849 - Birthday of pianist Thomas Green Bethune (d. 1908), known as "Blind Tom," Harris County, GA.  He was the first black artist known to have performed at the White House. He played the piano for President James Buchanan in 1859. Accounts from the period made it clear he was a phenomenal prodigy, an idiot savant, who was said to have played like Mozart, Beethoven or Gottschalk.
    1861 - John Merryman was arrested at his home in Cockeysville, MD by Union troops and was confined in Fort McHenry.  Prior to the Civil War, Merryman was a 3rd lieutenant in the Baltimore County Troops. By 1861, he was a 1st lieutenant in the Baltimore County Horse Guards.  Following the Pratt Street Riot in Baltimore, the Maryland legislature voted against secession. However, concerned about further unrest from pro-Southern elements, they voted to keep the railways closed so Union troops could not travel through Maryland on the way to the South.  While carrying out this policy, Governor Hicks ordered Merryman to aid in the destruction of several bridges north of Baltimore.  While confined, Merryman petitioned for a writ of habeas corpus, which was granted by Chief Justice of the Supreme Court Roger B. Taney, himself a Marylander, but the writ was disobeyed by General George Cadwalader, the arresting officer, under orders from President Lincoln, even though Taney cited Cadwalader for contempt. Taney declared Lincoln's suspension of habeas corpus unconstitutional. 
    1862 - First Battle of Winchester VA (there were three).  Confederate General Thomas "Stonewall" Jackson notches a victory on his brilliant campaign in the Shenandoah Valley. Jackson, with 17,000 soldiers under his command, was sent to the Shenandoah to relieve pressure on the Confederate troops near Richmond, who were facing the growing force of George McClellan on the James Peninsula. In early May, Jackson struck John C. Fremont's force at McDowell, in western Virginia. After driving Fremont out of the area, Jackson turned his attention to an army under the command of Nathaniel Banks, situated at the north end of the Shenandoah Valley. With only 10,000 troops, Banks had the unenviable task of holding off the fast-moving Jackson. On 25 May, Jackson found Banks outside of Winchester. He attacked the Union force but was initially repulsed. The Confederates then struck each Union flank, and this time the Yankee line broke. A confused retreat ensued through the town of Winchester, and even some residents fired on the departing Yankees. Banks fled the Shenandoah into Maryland, and Jackson continued his rampage. The Union lost 62 killed, 243 wounded, and over 1700 captured or missing, while Jackson's men lost 68 killed and 329 wounded. The numbers from Jackson's 1862 valley campaign are stunning. His men marched 550 km in a month; occupied 60,000 Yankee soldiers, preventing them from applying pressure on Richmond; won four battles against three armies; and inflicted twice as many casualties as they suffered. Jackson's record cemented his reputation as one of the greatest generals of all time.
    1864 - Battle of New Hope Church, GA. Joseph E. Johnston tried to halt Sherman’s advance on Atlanta at the Hell Hole.
    1865 - An ordnance depot exploded in Mobile, AL and killed 300.  The explosion occurred just after the end of the War, during the occupation of the city by victorious Federal troops. On the heels of the explosion came fires, which burned until the entire northern part of Mobile lay in smoking ruins. A huge hole where the warehouse once stood remained for many years, a reminder of the disaster.  The exact cause of the magazine explosion was never determined. Some northern newspapers tried to pin the blame on an imagined gang of unreconstructed Confederate officers. Most people, though, accepted that it was the result of simple carelessness on the part of workers handling wheelbarrows full of live ammunition.
    1878 - Bill “Bojangles” Robinson (d. 1949) was born in Richmond, VA.  The grandson of a slave, Robinson is considered one of the greatest tap dancers. He is best known for a routine in which he tap-danced up and down a staircase. He appeared in several films with Shirley Temple and taught Gene Kelly, Sammy Davis, Jr., Gregory Hines, and others.
(lower half of: )
    1895 - The first golf book was “Golf in America, “ a practical manual by James Parish Lee, published by Dodd, Mead and Company, New York City. In consisted of 194 pages and a front’s piece.
    1898 - James Joseph “Gene” Tunney (d. 1978) was born in New York City.  Heavyweight boxing champion, business executive. The famous "long count" occurred in the seventh round of the Jack Dempsey-Gene Tunney world championship fight, Sept 22, 1927, at Soldier Field, Chicago, IL.   Of his 70 fights, he lost one.
    1898 - The first military expeditionary force to be sent beyond the Western Hemisphere sailed from San Francisco, California, on the Australia, City of Pekin, and City of Sydney, bound for Manila, Philippines, a distance of 6,220 miles. The expeditionary force consisted of 115 officers and 2,386 enlisted men commanded by General Wesley Merritt. They arrived off Manila on June 3 and landed on July 1. Admiral George Dewey and General Merritt demanded the surrender of Manila on August 7. The city complied on August 13.
    1908 - American poet Theodore Roethke (d. 1963) was born Saginaw, MI.
    1917 - Clarinetist/tenor sax player Jimmy Hamilton (d. 1994) was born in Dillon, SC.  Perhaps best known for playing with Duke Ellington from 1943-68, he had a gorgeous, pure clarinet tone, while his tenor sax sound was rougher and funkier. He also was an arranger, and one of his was “In a Mellow Tone.” Early in his career, Hamilton performed in bands led by Lucky Millinder, Jimmy Mundy, Teddy Wilson, and Eddie Haywood.
    1922 - After being thrown out at second base trying to stretch a single, Babe Ruth threw dirt in the face of umpire George Hildebrand and then went after a fan. Ruth was ejected, and eventually fined $500 and suspended one game by AL president Ban Johnson.
    1925 - Birthday of Jeanne Crain (d. 2003), Barstow, CA.  Film actor nominated for an Academy Award for her work in “Pinky” (1949), the story of a black girl who passes for white.
    1925 – John T. Scopes was indicted for teaching Darwin’s theory of evolution in Tennessee.
    1926 - Jazz trumpeter Miles Davis (d. 1991) was born at Alton, IL. He was influenced by the be-bop music style of Charlie Parker and Dizzy Gillespie and ended up leaving the Julliard School of Music to join Parker’s quintet in 1945 at the age of 19. He experimented with different styles throughout his career, exploring new voicings in jazz with arranger Gil Evans. I met him several times, one of them in the Men’s room at a night club (Mocombo on Sunset Strip, 1960) in Hollywood. He was followed shortly thereafter by two white men in business suits, who asked me if I had seen him come in. I told them I had not. After they left, I opened the door, seeing them gone, informed Mr. Davis, whose bathroom door opened and he was rolling down his sleeve. He thanked me and left as quickly as he had entered. I saw a performance of his again, and I swear he gave me a “high five” in the crowd. His “Kinda Blue” Album is one of his classics, but I think the albums with Gil Evans as arranger and conductor are perhaps his best, although early recordings with Charlie Parker perhaps remain one of my favorites.  You can hear in his albums his growth in style.
    1926 - Trombonist Milt Bernhart (d. 2004) was born Valparaiso, Ind.
    1928 - Birthday of Mary Wells Lawrence, Youngstown, OH.  Founded highly successful Wells, Rich, and Green advertising agency.  Lawrence was the first female CEO of a company listed on the NYSE.
    1929 - Beverly Sills (d. 2007) birthday, born Belle Miriam Silverman in Brooklyn.  Premier coloratura soprano with the New York City Opera for 25 years, she became its director 1979-89, and, in 1994, was named director of Lincoln Center. Sills sang in more than 50 different operas and was a highly respected musician. Although always seen as a very upbeat woman - her nickname is Bubbles - her life was filled with tragedy. Meredith (Muffy), her first born child was almost deaf, never heard her sing and has multiple sclerosis and Peter is severely mentally disabled.
    1935 - Jesse Owens sets six world records in less than an hour in Ann Arbor, Michigan.
    1935 - George Herman Ruth could barely run and could no longer hit like he used to, but occasionally the Babe could still put on a show with his bat. On May 25th, Ruth, playing for the Boston Braves, hit three home runs before a crowd of only 10,000 at Pittsburgh’s Forbes Field. His last home run of the day—his 714th in regular season play—proved to be Babe’s last major league home run as well as his last big-league hit and the first in Forbes Field's history to clear its right field roof.
    1935 – Birthday of W. P. Kinsella in Edmonton, Alberta, author most famous for “Shoeless Joe” (1982), the book that was made into the movie “Field of Dreams.” He has written several books involving baseball, and also several involving Native North Americans.  The book was mildly controversial in that it used a living person, the reclusive author, J.D. Salinger, as one of its main characters. Kinsella, who had never met him, created a wholly imagined character (aside from his being a recluse) based on the author of “The Catcher in the Rye,” a book that had great meaning to him when he was a young man.
    1936 - The Remington Rand strike of 1936–37 was a strike by the American Federation of Labor (AFL) against the Remington Rand Company. The strike began in May, 1936 and ended in April, 1937, although the strike settlement would not be fully implemented until mid-1940. In March, 1934, the AFL began organizing skilled workers at two typewriter companies, Underwood and Remington Rand. The employees organized the District Council of Office Equipment Workers, a federal union affiliated with the AFL. Six plants were organized New York, Connecticut and Ohio.  James Rand, Jr., president of Remington Rand, refused to bargain with the union. On May 8, 1934, 6,500 workers struck to force the company to recognize the union and sign a collective bargaining agreement. On June 18, 1936, the firm recognized the union and signed a contract which provided wage increases and established a grievance procedure.  Remington Rand, however, continued a policy of harassment and obstruction toward the union. It often violated the contract in small ways (forcing the union to file time-consuming and costly grievances), harassed union leaders, and generally contested the union at every turn.  Worker anger had built high by May, 1936, when the company spread rumors that its plants were being bought by an unknown firm that would no longer recognize the union. Remington Rand then announced it had purchased a typewriter plant in nearby Elmira, NY and might close the Tonawanda and Syracuse facilities. The union demanded information on possible plant closures, which the company refused.  The union then threatened a strike. In retaliation, the company distributed its own strike ballots and claimed that it alone could speak for workers. Outraged union officials seized and destroyed the company's ballots, interrupted and broke up meetings at which ballots were handed out, and harassed and physically intimidated managers trying to conduct balloting.  The Joint Board quickly held its own strike vote. More than 75% of the union's members voted to strike. Union officials asked the company to submit the dispute to a federal mediator, but the company refused to do so. Instead, Remington Rand fired the presidents of the local unions in Tonawanda and Syracuse along with fifteen other union activists. Infuriated workers in Ilion, Syracuse and Tonawanda walked off their jobs on May 25, 1936, followed by Remington Rand workers in Ohio and Connecticut the following day.
    1937 - Future Hall of Famer Mickey Cochrane's career ends after being beaned with a 3-1 inside fastball thrown by Yankee hurler Bump Hadley. Near death at first, the Tiger catcher/manager will spend six weeks in the hospital and will return to the team only as its skipper.
    1938 - Vernon Presley is sentenced to a three year term at Parchman penal plantation in Mississippi for forging a check. His wife Gladys and son Elvis are forced to live on welfare
    1943 - The Trident Conference ends. Roosevelt and Churchill, and their staffs, reach compromises on all of the significant differences. Among the decisions taken is the target date for the invasion of Western Europe (D-Day) -- May 1, 1944. British General Morgan is appointed to prepare plans for the invasion. His is designated Chief of Staff to the Supreme Allied Commander (COSSAC).
    1943 - There was a riot at the Mobile, AL shipyard over upgrading 12 black workers.
    1944 - Patrols of the US 2nd Corps link up with forces of the US 6th Corps from Anzio near Latina (Pontine Marshes). In its advance, the US 6th Corps captures Cisterna and Cori. The German 10th Army is in danger of being cut off and Army Group C (Kesselring) sends its last reserve, the "Hermann Goring" Division, for reinforcement. The US 5th Army (Clark), however, now puts the weight of its forces into the capture of Rome. Meanwhile, the British 8th Army crosses the Melfa River in strength.
    1951 – In the big league debut of the Say Hey Kid, Willie Mays went 0 for 5, but made three good plays in the field.  Mays began his career 0 for 12. On his 13th at-bat, he hit a home run over the left field roof of the Polo Grounds off future Hall of Famer Warren Spahn.   Mays' average improved steadily throughout the rest of the season. Although his .274 average, 68 RBI and 20 homers (in 121 games) were among the lowest of his career, he still won the 1951 NL Rookie of the Year.
    1953 - The first public television station in the United States officially began broadcasting as KUHT from the campus of the University of Houston.
    1953 - Top Hits
“Song from Moulin Rouge” - The Percy Faith Orchestra
“I Believe” - Frankie Laine
“April in Portugal” - The Les Baxter Orchestra
“Mexican Joe” - Jim Reeves
    1955 - Two tornadoes struck the town of Blackwell, OK, within a few minutes time during the late evening. The tornadoes killed 18 persons and injured more than 500 others. Early the next morning, a tornado virtually obliterated the small community of Udall, KS, killing 80 persons and injuring 270 persons. More than half the persons in the community were killed or injured by the tornado.
    1961 - President Kennedy asked the US to work toward putting a man on the moon by the end of the decade.  On July 20, 1969, Kennedy's goal was accomplished on the Apollo 11 mission when astronauts Neil Armstrong and Buzz Aldrin landed their Lunar Module and walked on the lunar surface, while Michael Collins remained in lunar orbit in the Command Module (CSM), and all three landed safely on Earth on July 24.
    1961 - Top Hits
“Mother-In-Law” - Ernie K-Doe
“Daddy’s Home” - Shep & The Limelites
“Travelin’ Man” - Ricky Nelson
“Hello Walls” - Faron Young
    1962 - The Isley Brothers release “Twist and Shout.''
    1962 - The Old Bay Line, the last overnight steamboat service in the United States, went out of business.  The Line, from 1840 to 1962, provided service on the Chesapeake Bay, primarily between Baltimore and Norfolk.
    1965 - Muhammad Ali knocked out Sonny Liston just one minute into the first round of a controversial rematch for the heavyweight championship in Lewiston, ME. Liston went down from a short right-hand punch that some swore never hit him.
    1968 – The Gateway Arch in St. Louis was dedicated.
    1968 - The Rolling Stones return to straight rock & roll releasing "Jumpin' Jack Flash," a single later included on several greatest hits collections, but not on a regular release album. 
    1968 - The 1968 Monterey Pop Festival is canceled because of pressure from the local government and citizenry. In the wake of the cancellation, $52,000 is discovered missing from the previous festival's profits and the festival's bookkeeper, Mrs. Sandra Beebe, can't be located.
    1969 - Top Hits
“Get Back” - The Beatles
“Love (Can Make You Happy)” - Mercy
“Oh Happy Day” - The Edwin Hawkins’ Singers
“My Life (Throw It Away if I Want To)” - Bill Anderson
    1971 - ADAMS, WILLIAM E., Medal of Honor
Rank and organization: Major, U.S. Army, A/227th Assault Helicopter Company, 52d Aviation Battalion, 1st Aviation Brigade. Place and Date: Kontum Province, Republic of Vietnam, 25 May 1971. Entered Service at: Kansas City, Mo. Born: 16 June 1939, Casper, Wyo. Citation: Maj. Adams distinguished himself on 25 May 1971 while serving as a helicopter pilot in Kontum Province in the Republic of Vietnam. On that date, Maj. Adams volunteered to fly a lightly armed helicopter in an attempt to evacuate 3 seriously wounded soldiers from a small fire base which was under attack by a large enemy force. He made the decision with full knowledge that numerous antiaircraft weapons were positioned around the base and that the clear weather would afford the enemy gunners unobstructed view of all routes into the base. As he approached the base, the enemy gunners opened fire with heavy machine guns, rocket-propelled grenades and small arms. Undaunted by the fusillade, he continued his approach determined to accomplish the mission. Displaying tremendous courage under fire, he calmly directed the attacks of supporting gunships while maintaining absolute control of the helicopter he was flying. He landed the aircraft at the fire base despite the ever-increasing enemy fire and calmly waited until the wounded soldiers were placed on board. As his aircraft departed from the fire base, it was struck and seriously damaged by enemy anti-aircraft fire and began descending. Flying with exceptional skill, he immediately regained control of the crippled aircraft and attempted a controlled landing. Despite his valiant efforts, the helicopter exploded, overturned, and plummeted to earth amid the hail of enemy fire. Maj. Adams' conspicuous gallantry, intrepidity, and humanitarian regard for his fellow man were in keeping with the most cherished traditions of the military service and reflected utmost credit on him and the U S. Army.
    1973 - The first space station launched by the United Sates was Skylab 2, which lifted off from Cape Canaveral, FL. Three astronauts Charles Conrad, J., Joseph Peter Kerwin, and Paul J. Weitz, spent nearly a month in the station conducting long-duration flight tests and other scientific experiments. The mission ended successfully on June 22, when the astronauts returned to earth, leaving Skylab in orbit. It later disintegrated in the earth’s upper atmosphere.
    1975 - No. 1 Billboard Pop Hit:  “Before the Next Teardrop Falls,'' Freddy Fender.
    1977 - “Star Wars” released. “May the Force be with you,” entered the modern lexicon as a new kind of science fiction film opened at 32 theaters. George Lucas’ space epic, starring Mark Hamill as Luke Skywalker, Harrison Ford as Han Solo and Carrie Fisher as Princess Leia, featured stunning special effects and was a smash hit worldwide. It went on to win six Academy Awards out of ten nominations—plus an additional special Academy Award for sound effects. The film was part of a larger sage, and in later years was re-titled “Star Wars—Episode IV: A New Hope” as sequels were released. 
    1977 - Top Hits
“Sir Duke” - Stevie Wonder
“Couldn’t Get It Right” - Climax Blues Band
“I’m Your Boogie Man” - KC & The Sunshine Band
“Luckenbach, Texas (Back to the Basics of Love)” - Waylon Jennings
    1979 - An American Airlines DC-10 lost an engine upon takeoff and crashed seconds later, killing all 272 aboard and three people on the ground. This is the worst US air disaster in history.
    1979 – Six year-old Etan Patz disappeared from the street just two blocks away from his home in New York City, prompting an international search for the child, and causing the U.S. President Reagan to designate May 25 as National Missing Children’s Day (in 1983).
    1982 - Pitcher Ferguson Jenkins of the Chicago Cubs recorded the 3,000th strikeout in his Major League career in a 2-1 loss to the San Diego Padres. Jenkins, the seventh pitcher to reach 3,000 strikeouts, wound up his career with 3,192 Ks. night on the all-time list.
    1983 - No. 1 Billboard Pop Hit:  “Flashdance ... What a Feeling,'' Irene Cara.
    1985 - Top Hits
“Everything She Wants” - Wham!
“Everybody Wants to Rule the World” - Tears for Fears
“Axel F” - Harold Faltermeyer
“Radio Heart” - Charly McClain
    1987 - Herve Fillon drove Commander Bond to victory in the third race at Yonkers Raceway in New York to become the first harness racing driver to record 10,000 wins.
    1994 - The media report that Compaq Computer Corporation had unseated IBM and Apple as the world's leading computer seller. Compaq would retain its lead position throughout the rest of the decade. Compaq's US market share reached 12.4%, beating out Apple's top ranking: Apple's share slipped from 13.5% to 10.4%. Apple's decline in market share would continue, dwindling to 3% by 1997. Today Apple is close to 5% and Compaq has been merged into Hewlett-Packard, the largest seller of computers today.
    1998 - Cardinal Mark McGwire becomes the first player in Major League history to hit 25 home runs before June 1. Ken Griffey Jr. is the only other player to hit 24 home runs before the start of the sixth month.
    1999 - Nearly 70,000 readers of Country Weekly choose George Strait as favorite entertainer, favorite male artist and favorite video entertainer in voting for the publication's annual Golden Pick Awards. Strait also takes honors for favorite album, favorite song and favorite line dance song.
    2000 - Wilson Pickett collects three W.C. Handy Awards during the Blues Foundation's ceremony at the Orpheum Theater in Memphis. The veteran R&B singer's set "It's Harder Now" is named soul/blues album of the year and comeback album of the year, and Pickett takes honors for soul/blues male artist of the year.
    2002 - With four homers on Thursday (5/23), one on Friday (5/24) and two more on Saturday (5/25), Shawn Green becomes the first major leaguer to hit seven homers in three games. The Dodger outfielder's nine home runs in a week also breaks a National League record, established by Ralph Kiner with eight and tied by Ted Kluszewski and Nate Colbert.
    2002 - Getting his 3,509th K, Diamondback southpaw Randy Johnson passes Walter Johnson to become seventh on the all-time career strikeout list. After fanning Shawn Green in the first to catch the 'Big Train', Dodger outfielder Brian Jordan swings and misses a 2-2 pitch in the second inning to become the 'Big Unit's' historic victim.
    2005 - The "country girl" prevails as Carrie Underwood is named the "American Idol" at the conclusion of the Fox show's two-hour fourth season finale at the Kodak Theatre in Hollywood. The 22-year-old Oklahoma native beats out "rocker" Bo Bice, taking in the most votes cast by viewers.
    2011 – Mariano Rivera became the first pitcher in Major League history to make 1,000 appearances with one team as the Yanks beat the Blue Jays, 7-3.  Rivera is the 15th pitcher in history to reach 1,000 games.
    2011 – Oprah Winfrey aired her last show, ending 25 years of “The Oprah Winfrey Show.”
    2013 – The first walk-off inside-the-park HR in Giants’ history was hit by Angel Pagan, giving the Giants a 6-5 win over Colorado.

NBA Champions: 
    1975 - Golden State Warriors
Stanley Cup Champions:
    1978 - Montreal Canadiens
    1989 - Calgary Flames
    1991 - Pittsburgh Penguins



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