Dyer and Pelose Come Out of Retirement
  Marlin to Rise Again in Philly?

 

Dan Dyer

George Pelose

Former Chairman and CEO Daniel Dyer and COO/General Counsel George Pelose of Marlin Business Finance have formed Neumann Finance, a subsidiary of Beneficial Bank, Philadelphia.  The bank website states it has 63 offices in the greater Philadelphia and South Jersey area.

Dyer will serve as Chief Executive Officer and Pelose as President.

Remarkable that the announcement comes on the day Gary Shivers, who was President of Marlin and let go by these gentlemen, announced this week $1 Billion in originations since starting Navitas in 2008; 125 employees, along with top FinTech abilities (press release in this issue).

In a Surprise Move, Marlin Business Co-Founder/CEO
Daniel P. Dyer Resigns
http://leasingnews.org/archives/Oct2015/10_21.htm#dyer

Insiders on Why Pelose is Leaving Marlin Leasing
  by Christopher Menkin
http://leasingnews.org/archives/Nov2013/11_12.htm#insiders

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ECN Capital Reports $50.9 Million Loss
$0.03 in After Tax Adjust EPS in Q3-2017

ECN Capital, Toronto, Canada reports a net loss of $50.9 million for the three-month period ending September 30, 2017. There was a profit of $15.9 million for the previous three month period ended June 30, 2018 and $1.2 million for the same period last year.

“With more than $4.7 billion in owned and managed assets, ECN Capital is a major force in finance operating across North America in four verticals – Home Improvement Vendor Finance, Commercial & Vendor Finance, Rail Finance and Aviation Finance. Backed by the industry leaders and funding partners who built Element Financial Corporation into North America’s largest independent equipment finance company."
http://ecncapitalcorp.com/

Originations for the three-month period ended September 30, 2017 were $227.8 million versus $164.7 million for the previous three-month period ending June 30, 2017 and $214.2 million for the same period last year.

Total Earning Assets Owned and under Management as at September 30, 2017 were $3.8 billion, versus $4.2 billion as at June 30, 2017 and $5.6 billion as at September 30, 2016.

The Company’s Board of Directors has authorized and declared a quarterly dividend of $0.01 per outstanding common share of ECN Capital for the fourth quarter of 2017.

Full Press Release:
https://globenewswire.com/news-release/2017/11/14/1186227/0/en/ECN-Capital-Reports-0-03-in-After-Tax-Adjusted-EPS-in-Q3-2017.html

 

 

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 A+ Ratings on Alt-Finance and Leasing Companies
Questions by Christopher Menkin, Editor

 

12 Alternate Finance Companies were added to the Leasing News Better Business Bureau ratings list along with finance, leasing, and companies. Firms considered Alternate Finance were already on the list. (1) More will be added in the next update.

It is interesting to note that all are A+ rated. All but one are accredited. The one not accredited is young, while it is also noteworthy that those accredited go back several years, such as Can Capital, 1998; Channel Partners, 2011; Funding Circle, 2013; Lending Club, 2008; OnDeck, 2008

While they are A+ rated, many have "Reviews & Complaints." How they obtain the high ratings despite the number of complaints is a mystery. The following are samples, chosen at random, and I ask readers to review the complaints of these A+ companies:

Can Capital, 12 Complaints:
https://www.bbb.org/atlanta/business-reviews/financial-services/can-capital-in-kennesaw-ga-13000248/reviews-and-complaints?section=complaints

Channel Partners: None

Funding Circle USA:  8 Complaints (some resolved, several no details)
https://www.bbb.org/greater-san-francisco/business-reviews/small-business-loans/funding-circle-usa-inc-in-san-francisco-ca-456720/reviews-and-complaints?section=complaints

Lending Club: 232 Complaints
https://www.bbb.org/greater-san-francisco/business-reviews/financial-services/lendingclub-corporation-in-san-francisco-ca-361746/reviews-and-complaints?section=reviews&reviewtype=negative

On Deck Capital with 39 Negative Complaints:
https://www.bbb.org/new-york-city/business-reviews/financial-services/on-deck-capital-inc-in-new-york-ny-101780/reviews-and-complaints?section=reviews&reviewtype=negative

To be fair on this, there are Leasing Companies with A+ ratings,
who also have complaints, such as:

BSB Leasing: None

Direct Capital: 19 Customer Complaints
https://www.bbb.org/concord/business-reviews/financial-services/direct-capital-in-portsmouth-nh-3004519/reviews-and-complaints?section=complaints

LEAF Financial: None

Marlin Leasing: 21 Customer Complaints
https://www.bbb.org/new-jersey/business-reviews/leasing-services/marlin-leasing-corp-in-mount-laurel-nj-80012102/reviews-and-complaints?section=complaints

Pawnee:  12 Complaints
https://www.bbb.org/wyoming-and-northern-colorado/business-reviews/leasing-services/pawnee-leasing-corporation-in-fort-collins-co-46006417/reviews-and-complaints?section=complaints

TimePayment: 87 Negative Reviews (144 Complaints)
https://www.bbb.org/boston/business-reviews/leasing-services/timepayment-corp-in-burlington-ma-117288/reviews-and-complaints?section=reviews&reviewtype=negative

This is only a random sampling and readers are invited to view others in the full list that follows this article.

It should be noted many of the details of complaints are not recorded.  It also appears some were settled.  There also companies chosen at random that were not accredited and had no complaints, such as BSB Leasing.

As a disclaimer, ironically most of these companies chosen at random have advertised in Leasing News.

Christopher Menkin, Editor.

1. Full BBB Leasing News List:
   http://leasingnews.org/archives/Nov2017/11_06.htm#bbb113
   
   

Equipment Leasing Account Executive What sets CoreTech apart from other equipment leasing companies is our team members and impeccable reputation. Are you unhappy with the ethics of your company and the promises made to you? Come to Newport Beach and join us. To learn more, please click here www.coretechleasing.com CoreTech specializes in medium to large size companies and firms Over 100 law firms trust CoreTech for their leasing needs, why wouldn't you?

 

 

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October, 2017 - The List
"The Good, the Bad and the Ugly"

 

Marlin Business Services, Mount Laurel, New Jersey (10/17) Highlights from Marlin Business Services Q3 2017 Earnings Call Transcript (http://leasingnews.org/archives/Oct2017/10_31.htm#highlights)
10 year Chief Sales Officer Leaves Marlin with over $750,000 (http://leasingnews.org/archives/Oct2017/10_17.htm#10)

Ascentium Capital, LLC, Kingwood, Texas (10/17) Completes $236 Million Securitization
http://leasingnews.org/archives/Oct2017/10_27.htm#ascentium

Balboa Capital, Costa Mesa, California (10/17) Balboa Capital and Shopko Settle Their Much Litigated $1 Million Dollar Plus perhaps $300,000 Attorney Fee Case (http://leasingnews.org/archives/Oct2017/10_25.htm#balboa).

North Mill Capital, LLC., Norwalk, Connecticut (10/17) Colford Capital, LL sells 100% of equity interests to Solar Senior Capital (http://leasingnews.org/archives/Oct2017/10_25.htm#colford).

Chesswood, Toronto, Canada (10/17) Chesswood $75 Million Non-Recourse Asset Securitization First U.S. Securitization for Parent of Pawnee Leasing (http://leasingnews.org/archives/Oct2017/10_17.htm#chesswood)

Bank of the West Leasing, San Francisco, California (10/17) More Changes at Bank of the West -  Equipment Finance Group Struggles (http://leasingnews.org/archives/Oct2017/10_12.htm#more)

LEAF Commercial Capital, Philadelphia, Pennsylvania (10/17) Long time CFO Robert Moskovitz let go
(http://leasingnews.org/archives/Oct2017/10_12.htm#leaf)

 

 

Sales Makes it Happen
by Steve Chriest & Kit Menkin

Talent Crisis is Here

At least a few companies are beginning to realize that the pool of experienced leasing sales professionals and executives will begin to evaporate during the next five to ten years.  As 70 million Baby Boomers retire, as many leasing industry executives are retiring now, close to retiring, or can't find work due to their age and lack of Financial Technology knowledge, who will be replacing them? Equipment finance companies, like all U.S. companies, are facing an unprecedented shortage of talent.

Right now, we are seeing many corporate and government key management retire, but then go back to work for the same company or competitor as an "independent contractor." They keep their pension, but make about the same salary, sometimes higher as is happening in all industries from the court system, telephone company, utilities, or leave a bank for a corporate consulting job. There is overwhelming demand thus low unemployment rates.

As leasing companies see the average age of their sales teams rising, the time is quickly approaching when they must step up efforts to recruit, train and retain sales professionals to replace not only retiring Baby Boomers, but younger team members who opt to ply their sales talents in other industries. For many companies, both large and small, mistakes in recruiting talent and failure to retain talent, may impact their survival as competition for sales professionals heats up. Many are hoping that Millennials are the answer. According to Wikipedia, “Demographers and researchers typically use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years.”

The dwindling supply of talent appears to be focusing on this group, which results in increased costs of recruiting and retaining salespeople. The impact of these increased costs will be exacerbated by the consequences of bad hires. Smart management teams are already making plans to stop hiring and investing in poor performers. Identifying, hiring and retaining productive salespeople are fast becoming a top priority for leading edge companies in all industries.

Too many companies make the mistake of chasing superstars when they recruit sales talent. The problem with this approach, frankly, is that there aren't enough superstars to go around and there will be fewer to choose from in the future. One of the keys to success is to concentrate on not hiring, promoting or training sub-par performers who don't have real potential for growth and improvement. It is common to see sales people not last more than two years at one company and then move on, and on, and on.

Sales team turnover, for many reasons, is unavoidable. Some turnover, at least in small amounts, is healthy for most companies. Fresh talent keeps the organization vital, as newcomers often bring new ideas and experiences that can benefit the business. But too much turnover is costly. For example, the turnover costs for telesales positions ranges from $75,000 to $90,000, while the total turnover costs for top sales producers can easily exceed $300,000!

As more and more retire and those in the industry “lifers” are not “with it” using financial technology, a new approach is needed. Perhaps the best example comes from First American Equipment Finance, a City National Bank Company, located in Fairpoint, New York. They have 73 Certified Financial and Leasing Professionals, much more than many other companies, as well as they emphasize career growth, knowledge, and what I call the “Google-Facebook” approach to employee attention and retention. They have grown to 175 employees.

Their website states, “Our employees are engaged, dedicated professionals who take personal pride in building a different and better business. We hire the best and the brightest students from top universities and graduate schools, and offer professional training and responsibility. Twice a year, we measure employee loyalty and are proud to report that First American exceeds benchmarks set by loyalty leaders profiled in the Harvard Business Review, Loyalty Rules, by Frederick Richheld.”
http://www.faef.com/About/History

 

Steve Chriest is the CEO of Open Advance and author of “Selling to the E-Suite, The Proven System for Reaching and Selling Senior Executives and Business Acumen 101.”  He produces video and radio blogs, as well as continuing as a columnist for Leasing News since 2005.
www.openadvance.com/contact/
925-263-2702
www.openadvance.com/

Sales Makes it Happen articles:
http://www.leasingnews.org/Legacy/index.html

 

 

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Solar Financing Firms
Working with Third Party Originators 

Thomas Cadle, CLFP, Leasesource Financial Services. Voice:  800-991-0099   Fax: 800 - 988 -3921
  email: tcadle@leasource.com

Michael Kountze, Regents Capital.,  Voice: 512-222-5539  Fax: 512-222-5539
 email: michaelk@regentscapital.com

John Meredith, CG Commercial Finance.   Voice:  949.720.9511    fax:  949.720.9611  
 email: john.meredith@cgcommercial.com

Jim Recker, Crestmark Equipment Finance.  Voice: 248.593.3919  Mobile: 248.705.5704   Toll Free: 888.800.3705
   email: jrecker@crestmark.com

Any additions or corrections, please contact: kitmenkin@leasingnews.org

 

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Back Office Companies

Advance Property Tax Compliance	Group 88 Systems, Inc.
Barrett Management Corp.	Haws Consulting Group	Phoenix Leasing Portfolio Srvcs., Inc.
Bank of the West	JDR Solutions	Portfolio Financial Servicing Co.
ECS Financial Services	Lease Broker Assistant, LLC	LeaseDimensions, Inc.
RPC Property Tax Advisors, LLC	Madison Capital, LLC
GreatAmerica Portfolio  Services Group LLC	Orion First Financial, LLC

Full List:
http://www.leasingnews.org/Ag_leasing/backoffice.htm

Most Valuable U.S. Companies Over 100 Years
Infographic

 

 

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

Navitas Credit Corp. Reaches One Billion Total Originations
Founded in September, 2008, with Eight Employees

Ponte Vedra, FL——Navitas Credit Corp., a national commercial finance company, reached a major milestone in its corporate history by exceeding total new business volume of over one billion dollars. Navitas was founded in September of 2008 with eight employees and has grown into an industry leader with over 125 employees and 8 sales and service offices throughout the country. Navitas has also been recognized in the INC. 5000 survey as one of the fastest growing private companies in the United States for the past consecutive four years.

 Since the company’s inception, over 23,000 customers across the United Sates have received the financing they need to manage and grow their businesses. Navitas has also established long term partnerships with thousands of equipment dealers and leading national manufacturers to support the financing and working capital needs of their customers. Key elements that have contributed to the success of the company include expansion into the titled vehicle and healthcare market segments, development of proprietary technologies that enable equipment seller partners to seamlessly offer financing options, and expedited transaction processing through a totally automated platform.

Gary Shivers, President and CEO of Navitas adds, “Funding a billion dollars in originations is a historic achievement for our company. It takes a lot of hard work and commitment to reach the high level of growth rates Navitas has achieved over the last several years, none of which would not be possible without the dedication of our people. We look forward to continuing to deliver more product innovation, expanding into new markets and providing nothing less than superior service to our customers and partners.”

 About Navitas Credit Corp.
 Navitas, headquartered in Ponte Vedra, Florida, provides equipment financing and working capital solutions to small and medium sized businesses directly and through developing referral programs with equipment vendors, lease and loan brokers, and strategic alliances. For more information about Navitas please visit our website at www.navitascredit.com or call 877-NAVITAS (628-4827). Follow us @NavitasCredit on Twitter.

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

 

Akita/Shepherd
Atlanta, Georgia  Adopt-a-Dog

 

Java
Animal ID:  36921581
Breed: Akita/Shepherd
Age: 5 years 19 days
Gender: Male
Size:XL
Color: Brown/Black
Neutered
Declawed: No
Site: Howell Mill Road
Location: HM-Runs
Intake: Date 11/2/2017
Adoption Price: $75.00
Stage: Available

"Java is a big boy! His owner passed away this summer and has been living with is neighbor. He's too big for their apartment and wants him to have a yard and family to love on. He is good with kids, is somewhat active and really likes chew toys. He is already neutered and ready to go! He has long thick hair so keeping up with his brushing is a must."

Atlanta Humane Society
981 Howell Mill Road NW
Atlanta, GA 30318
404.875.5331

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

 

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Fairness and unbiased reporting always.

We will question any information we think is suspicious.  We will try to substantiate it by contacting at least two reliable and unbiased people.

It is the editor's sole discretion as to what is printed.  If an opinion or viewpoint is expressed, the writer or writers will be named in the byline of the article, unless anonymity is requested. 

Major corrections will be posted in the next earliest edition at the beginning of the news edition, highlighted in bold, and in the current “online” news edition as early as possible. Typographical errors such as wrong dates and name corrections will be corrected online when noticed by the editor or reader(s), and if necessary, as determined by the editor, may be noted in the next edition as a “Clarification” or “Correction.”

All press releases will be marked proceeding and after with #### Press Release #### to note the article did not originate at Leasing News.

All articles from The Leasing News may be reprinted with proper attribution.  Copyrighted cartoons and other content may not be reprinted if it is noted that they originated in another medium.  Permission to reprint those may come only from the copyright owner.

All advertising traded for writing or for support will be so noted below the advertising.

Leasing News follows “The Associated Press Stylebook and Briefing on Media Law” by Perseus Publishing, Cambridge, Massachusetts and “The Elements of Style” by William Strunk, Jr. and E.B. White, MacMillan Publishing, Co., Inc.

To be added to the mailing list, you must request it. We do not share our mailing list with anyone.

We follow Internet Netiquette at all times. Our sole purpose is to provide communication to improve the industry.

Christopher Menkin, editor

News Briefs----

Prosper in Press Release Posts $28.9 Million Quarter Loss
Yet Loan Originations UP 164% Year/ Lost $210 Million since 2016
http://www.businesswire.com/news/home/20171113005994/en/Prosper-Reports-Quarter-Growth-Closes-1.5-Billion

N26 and Chase Bank announced plans to introduce
    mobile-only banking offerings in the U.S.
https://thefinancialbrand.com/68327/digital-banking-startup-n26-finn-chase-fintech/?edigest

Senate reaches deal to ease bank oversight
 Reduces annual stress test to just 12 from 38
https://seekingalpha.com/news/3311727-senate-reaches-deal-ease-bank-oversight?app=1&uprof=52

 

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You May Have Missed---

Walmart just struck another deal that confirms the death of America's middle class as we know it
http://www.sfgate.com/technology/businessinsider/article/Walmart-just-struck-another-deal-that-confirms-12354394.php

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American Football Poem

Hey nonny no!
Men are fools that wish to die!
Is’t not fine to dance and sing
When the bells of death do ring?
Is’t not fine to swim in wine,
And turn upon the toe
And sing hey nonny no,
When the winds blow and the seas flow?
Hey nonny no!
-Anonymous (17th century)-

[headlines]
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NFC Is NFL’s Power Conference
https://www.si.com/nfl/2017/11/15/nfc-playoff-race-adrian-clayborn-richard-sherman-mmqb-mailbag

Chip Kelly watch: University of Florida plane ticketed for Bristol
https://www.saturdaydownsouth.com/florida-football/chip-kelly-watch-university-florida-plane-ticketed-bristol/

49ers coach says Marquise Goodwin insisted
     on playing after baby son's death
http://www.pressdemocrat.com/sports/7639877-181/49ers-coach-says-marquise-goodwin?artslide=0

 

[headlines]
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California Nuts Briefs---

Deadly October firestorms lead to wave of lawsuits against PG&E
http://www.sacbee.com/news/state/california/fires/article184609513.html

Oakland can be held liable in Ghost Ship case, judge says
http://www.sfgate.com/bayarea/article/Oakland-can-be-held-liable-in-Ghost-Ship-case-12357260.php

[headlines]
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“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

North Coast winemakers clear the air on ‘smoke taint’
http://www.northbaybusinessjournal.com/northbay/sonomacounty/7619318-181/sonoma-napa-mendocino-wine-smoke-taint?artslide=0

Wine From Prehistoric Georgia With an 8,000-Year-Old Vintage
https://www.nytimes.com/2017/11/13/science/georgia-oldest-wine.html

Cabernet Dominates Vineyard Growth in Washington State
https://www.winebusiness.com/news/?go=getArticle&dataid=192162

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

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

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

This Day in History

      1492 - Christopher Columbus notes first recorded reference to tobacco. His main crop was bringing slaves back to Spain, but he also introduced tobacco, first to chew, and then to smoke, addicting Europe to nicotine, which became the new world's major export, as grown and harvested by African slaves.
    1598 - Juan de Onate declares possession of Hopi land (northern Arizona) in name of Spanish crown.
    1626 - The original Mayflower "pilgrims" (Separatists), having lived in their American colony for six years, bought out their London investors for 1,800 pounds.
    1660 - First kosher butcher, Asser Levy, was licensed in New Amsterdam.  Levy was also the first Jew to own land in North America.
    1763 - Charles Mason and Jeremiah Dixon begin surveying Mason-Dixon Line between Pennsylvania and Maryland.  Maryland’s charter of 1632 granted the Calverts land north of the entire length of the Potomac River to the 40th parallel. A problem arose when Charles II granted a charter for Pennsylvania in 1681. The grant defined Pennsylvania's southern border as identical to Maryland's northern border, but described it differently, as Charles relied on an inaccurate map. The terms of the grant clearly indicate that Charles II and William Penn believed the 40th parallel would intersect the Twelve-Mile Circle around New Castle, Delaware, when in fact it falls north of the original boundaries of the City of Philadelphia, the site of which Penn had already selected for his colony's capital city. Negotiations ensued after the problem was discovered in 1681. A compromise proposed by Charles II in 1682, which might have resolved the issue, was undermined by Penn receiving the additional grant of the "Three Lower Counties" along Delaware Bay, which later became the Delaware Colony, a satellite of Pennsylvania. Maryland considered these lands part of its original grant.  The conflict became more of an issue when settlement extended into the interior of the colonies. In 1732, the governor of Maryland, Charles Calvert, 5th Baron of Baltimore, signed a provisional agreement with William Penn’s sons, which drew a line somewhere in between and renounced the Calvert claim to Delaware. But later, Lord Baltimore claimed that the document he had signed did not contain the terms he had agreed to, and refused to put the agreement into effect. Beginning in the mid-1730s, violence erupted between settlers claiming various loyalties to Maryland and Pennsylvania. Progress was made after a court ruling affirming the 1732 agreement, but the issue remained unresolved until Frederick Calvert, 6th Baron of Baltimore, ceased contesting the claims on the Maryland side and accepted the earlier agreements. Maryland's border with Delaware was to be based on the Transpeninsular Line and the Twelve-Mile Circle around New Castle. The Pennsylvania–Maryland border was defined as the line of latitude 15 miles south of the southernmost house in Philadelphia (on what is today South Street). As part of the settlement, the Penns and Calverts commissioned the English team of Mason and Dixon to survey the newly established boundaries.
    1777 - The Articles of Confederation were adopted in Philadelphia, PA. South Carolina was the first of the 13 state to ratify them, on February 5, 1778, and Maryland was the last, on January 30, 1781. The articles were formally announced to the public on March 1, 1781.
http://memory.loc.gov/ammem/today/nov15.html
    1791 – The first Catholic college in the U.S., Georgetown, opened.
    1805 - Explorers Lewis & Clark reach the mouth of the Columbia River. Accompanying them is a black slave, York, who, while technically Clark's valet, distinguished himself as a scout, interpreter, and emissary to the Native Americans encountered (they had never seen a “black” man and considered him “a medicine man of the spirits.”
    1806 - Lt. Zebulon Montgomery Pike sighted a mountain peak that now bears his name. The massive, towering (elevation 14,110 feet) behemoth had been called “The Long One” by Ute Indians. Its name was changed to honor the young army lieutenant. Lt. Pike was leading a survey party into the newly acquired Louisiana Purchase when he spotted the snowcapped peak in the distance. “Pike's Peak or Bust!” was the familiar slogan of many a wagon train settler traveling west in the 1800s. Visitors to the Pike's Peak region (near Colorado Springs) continue to be captivated, inspired, and enthralled by Colorado's most famous mountain.
    1869 - Free postal delivery formally inaugurated.
    1873 - Birthday of Sara Josephine "Jo" Baker (d. 1945), Poughkeepsie, NY.  Doctor and public-health worker, she founded the Bureau of Child Hygiene. Her revolutionary methods of teaching hygiene, providing nutrition, and prenatal care reduced infant mortality by 1200 a year, making New York City's infant mortality rate the lowest in the U.S., dropping infant deaths from 144/1000 live births in 1908 to 66/1000 in 1923. Going door-to-door with a team of 30 nurses, Dr. Baker taught basic hygiene, nutrition, ventilation. She established free milk stations, devised a simple baby formula, created training for older children who had to care for younger when the mother went to work to earn food for the family, invented the "obvious but previously unthought- of, system of making baby clothes all open down the front that eliminated suffocation, Under her guidance the infant mortality rate of 1,500 per week dropped to 300 and soon New York could claim the lowest infant mortality rate in the world. She retired in 1923 after all 48 states had copied her methods.
    1881 - Birthday of Georgia O'Keefe (d. 1986), at Sun Prairie, WI. Described as one of the greatest American artists of the 20th century, in 1924, she married the famous photographer Alfred Stieglitz. His more than 500 photographs of her have been called “the greatest love poem in the history of photography.” She painted desert landscapes and flower studies.
    1885 - Birthday of Forrest Clare “Phog” Allen (d. 1974), Jamesport, MO.  Basketball player and Basketball Hall of Fame coach, he met Dr. James Naismith, inventor of basketball, while Allen was a student at the University of Kansas and Naismith was coaching there. Allen played for Naismith and then became a coach himself, primarily at his alma mater until 1956 when he was forced to retire. Over 46 years, his team won 771 games and lost only 233. He wrote three books about the sport and was instrumental in having basketball added to the Olympic program in 1936. Inducted into the Naismith Memorial Basketball Hall of Fame in 1959.
    1886 - Believed to be the anniversary of George Spelvin's theatrical birth, in Charles A. Gardiner's play “Karl the Peddler,” in a production at New York, NY. The name (or equivalent Georgina, Georgetta, etc.) is used in play programs to conceal the fact that an actor is performing in more than one role. The fictitious Spelvin pseudonym is said to have appeared in more than 10,000 Broadway performances.
    1887 - The American newspaper columnist, translator, poet, and radio personality, F.P.A., was born Franklin Pierce Adams (d. 1960), Chicago, Illinois. His humorous syndicated column will earn him the reputation of godfather of the contemporary newspaper column.
    1887 - Marianne Moore (d. 1972), poet and Yankee baseball fan, born near St. Louis, Missouri.
http://www.kirjasto.sci.fi/mmoor.htm
    1889 – Amos Alonzo Stagg at Yale University, New Haven, CT, created a football dummy for tackling purposes. He used an old gymnasium mat for the purpose.
    1900 - A lake effect snowstorm dropped 45 inches of snow in 24 hours at Watertown, NY
    1904 - One of Broadway's most famous phrases was first spoken when Ethel Barrymore, appearing in the play, "Sunday", said the line, "That's all there is. There isn't any more," as the curtain fell.
    1913 - Drummer Gus Johnson (d. 2000) birthday, played with Count Base and Duke Ellington, among others.
http://elvispelvis.com/gusjohnson.htm
http://www.centrohd.com/biogra/j1/gus_johnson.htm
   1926 - Network radio was born. 24 stations carried the first broadcast from (bong-bing-bong) NBC, the National Broadcasting Company. The program was a gala 4½-hour broadcast from the Waldorf-Astoria Hotel in New York City. Two remote pickups were also on the program. Opera star Mary Garden sang from Chicago and Will Rogers presented a humorous monologue from Independence, Kansas. Charles Lindbergh was among the luminaries who attended the broadcast.
    1932 - Birthday of Petula Clark, born Sally Olwen Clark at Dwell, Surrey, England.  She is best known for hits “Downtown,” “I Know a Place” “This is My Song.”  "Downtown" went to No. 1 on the American charts in January 1965, and 3 million copies were sold in America.  "Downtown" was the first of 15 consecutive Top 40 hits Clark achieved in the United States.  The American recording industry honored her with Grammy Awards for "Best Rock & Roll Recording of 1964" for "Downtown" and for "Best Contemporary (R&R) Vocal performance of 1965-Female" for "I Know a Place." In 2004, her recording of "Downtown" was inducted into the Grammy Hall of Fame.
    1934 - The Dorsey Brothers record their theme, “Sandman.”
    1939 - President Roosevelt laid the cornerstone of the Jefferson Memorial in Washington, D.C.  By 1901 the Senate Park Commission had proposed placing a Pantheon-like structure on the site hosting "the statues of the illustrious men of the nation, or whether the memory of some individual shall be honored by a monument of the first rank may be left to the future"; no action was ever taken by Congress on this issue.  The completion of the Tidal Basin Inlet Bridge in 1908 helped to facilitate the recreational usage of East and West Potomac Parks. A design competition was held for a memorial to Theodore Roosevelt in 1925. The winning design was submitted by John Russell Pope and consisted of a half-circle memorial situated next to a circular basin. The plan was never funded by Congress and was not built.  The Memorial's chance came in 1934 when President Franklin Roosevelt, an admirer of Jefferson himself, inquired to the Commission of Fine Arts about the possibility of erecting a memorial to Jefferson, including it in the plans for the Federal temple project, which was under construction at the time. Later the same year, Congressman John J. Boylan jumped off FDR's starting point and urged Congress to create the Thomas Jefferson Memorial Commission. Boylan was appointed the Commission's first chairman and Congress eventually appropriated $3 million for a memorial to Jefferson.  The Commission chose John Russell Pope as the architect in 1935.  Construction began on December 15, 1938, and the cornerstone was laid on this day.
    1940 - The first 75,000 men were called to United States Armed Forces duty under peacetime conscription.
    1950 - When Arthur Dorrington signed a contract to play hockey with the Atlantic City Seagulls of the Eastern Amateur League, he became the first African-American to play organized hockey in the US. He played for the Seagulls during the 1950 and 1951 seasons.
    1952 - In a NBA overtime game between the Baltimore Bullets and the Syracuse Nationals, a record 13 players, five Bullets, and eight Nats, fouled out. The referees let some of the Syracuse players back into the game and called a technical foul every time one of them committed an additional personal foul. Baltimore won, 97-91.
    1954 - Top Hits
“I Need You Now” - Eddie Fisher
“Hold My Hand” - Don Cornell
“Mr. Sandman” - The Chordettes
“More and More” - Webb Pierce
    1954 - CBS-TV's "Studio One" had Joan Weber singing "Let Me Go, Lover." The song enjoyed a bit of popularity before the television show aired, but skyrocketed to fame after.
    1956 - Elvis Presley's first film, "Love Me Tender," premiered.
    1960 - A $3.5 million offer for the Kansas City Athletics was accepted from a St. Louis group and the sale of the 52% stock by the widow of the late Arnold Johnson is expected tomorrow. A sale of the remaining minority stock is also expected.
    1961 – The Yankees’ Roger Maris, on the heels of his record-breaking 61 homer season, won the AL MVP for the second consecutive year, nosing out teammate Mickey Mantle by four votes.
    1962 - Top Hits
“He's a Rebel” - The Crystals
“Big Girls Don't Cry” - The 4 Seasons
“All Alone Am I” - Brenda Lee
“I've Been Everywhere” - Hank Snow
    1964 - The first bridge player to win more than 1,000 master points in one year was Oswald Jacoby of Dallas, Texas, who passed the 1,000 mark in a tournament this day held at Edgewater Park, MS. His total points for 1963 were 1,034.
    1965 - Craig Breedlove set a world speed record at Utah's Bonneville Salt Flats with a speed of 600.601 mph.
    1966 - The flight of Gemini 12 ended successfully as astronauts James A. Lovell and Edwin “Buzz'' Aldrin Jr. splashed down safely in the Atlantic.
    1966 – One of the major stories in San Francisco at the time occurred when the SFPD raided the Psychedelic Shop and arrested Allen Cohen, 26, the store clerk, for selling "The Love Book" by Lenore Kandel, a small pamphlet of 8 pages with 4 poems, on grounds of obscenity. It was the dawn of the psychedelic age in the Haight-Ashbury neighborhood of San Francisco. Ronald Reagan had just been elected Governor of California on a platform that included harassment of hippies.  The Psychedelic Shop, the most famous head shop on Haight St. (and perhaps the first head shop in the world), became famous. The subsequent trial of Cohen, Ron Thelin and a City Lights Bookstore clerk becomes the longest criminal trial in San Francisco history to that point. A San Francisco jury convicts all three and finds “The Love Book” to be obscene (Lenore Kandel's first appearance in literary history is as a character: the sexy Ramona Swartz, who spends a spooky weekend in a cabin with Jack Duluoz (Jack Kerouac), Dave Wain (Lew Welch), and Duluoz's girlfriend Billie in Kerouac's novel, “Big Sur.”)
http://www.litkicks.com/BeatPages/page.jsp?what=LenoreKandel
http://www.amazon.com/exec/obidos/tg/detail/-/0966531310/
102-1955754-7540966?v=glance
http://www.worldhistory.com/wiki/L/Lenore-Kandel.htm
http://www.superstitionstreet.com/vesuvio.html
    1969 - A quarter of a million protesters staged a peaceful demonstration in Washington, D.C., against the Vietnam War.
    1969 - The first album featuring musical brother and sister act Karen and Richard Carpenter, "Offering," was released by A&M Records. While this Carpenter's tune was not a big seller, a single on the album, a remake of The Beatles' "Ticket to Ride," gained national attention. Their next album, would establish them as international stars with "Close to You."
    1969 - Rock singer Janis Joplin was accused of vulgar and indecent language and was arrested in Tampa, Florida. She was later released on a $50 bond.
    1970 - Top Hits
“I'll Be There” - The Jackson 5
“We've Only Just Begun” - Carpenters
“I Think I Love You” - The Partridge Family
“I Can't Believe That You've Stopped Loving Me” - Charley Pride
    1974 - The pressure-sensitive adhesive postage stamp was introduced. It was a 10-cent Dove of Peace pre-canceled Christmas stamp, depicting a dove weather vane.
    1978 - Top Hits
“MacArthur Park” - Donna Summer
“Double Vision” - Foreigner
“How Much I Feel” - Ambrosia
“Sleeping Single in a Double Bed” - Barbara Mandrell
    1980 - Kenny Rogers got his first #1 solo song after years of success on the charts with the New Christy Minstrels and First Edition. The song was "Lady," written by Lionel Richie, which stayed at the top for six weeks.
    1986 - Ivan F. Boesky, reputed to be the highest-paid person on Wall Street, faced penalties of $100 million for insider stock trading. This was the highest penalty ever imposed by the SEC. In 1987, he was sentenced to jail for three years beginning in 1988, plus barred from dealing in securities and ordered to pay $100 million in penalties. Boesky cooperated with the SEC in an insider-trading probe that rocked Wall Street.
http://eightiesclub.tripod.com/id316.htm
    1986 - Top Hits
“Amanda” - Boston
“Human” - Human League
“True Blue” - Madonna
“Diggin' Up Bones” - Randy Travis
    1988 - A strong F2 tornado hit Topeka, KS injuring 22 and causing $4 million damage. Another strong F2 tornado ripped a 43-mile path through Saline, Pulaski, Lonoke and Prairie counties in central Arkansas and killed 5, injured 60 and did $15 million damage. Hail to 3.5 inches in diameter fell near Denton, TX.
    1989 - An F4 tornado hit Huntsville, AL with winds estimated between 207 and 260 mph. The tornado had a damage path 18 miles long and up to 1/2 mile wide. It killed 21 and injured 463. Total damage was $100 million.
    2002 - "Harry Potter & the Chamber of Secrets" movie opens in the US.
    2005 - After months of deadlock, leaders of Major League Baseball and the player’s union reach an agreement to clean up a performance-enhancing drug scandal that has tarnished the nation's pastime and left lawmakers worried about young athletes imitating the wrong role models. It will require baseball players to submit to several drug tests each year, during and between seasons, and will impose lengthy suspensions for steroid and amphetamine use. Repeat offenders can be banned for life. The agreement, which must be ratified by both the players and baseball owners, is similar to a proposal offered earlier this year by Commissioner Bud Selig…and this was BEFORE the Mitchell Report was released in 2007.
    2010 - The U.S. announces it will provide an additional $500 million to aid Pakistan to help rebuilding efforts after major floods ravaged the country.
    2011 - New York's Police Department clears Occupy Wall Street protesters from Zucotti Park, the public space they have occupied to stage their protest