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 Stable funding source seeks experienced leasing representative; book of business required; remote office capability; send resume to jobs@balboacapital.com and reference leasingnews in subject line. |
Headlines---
Classified
Ads----Sales Manager
ALERT---Tech
Com---Ernie Reinhardt
Marlin
Business Services Announces Pricing of IPO
U.S.
Bancorp Equipment Finance Names Greg Mamula EVP
GE
Healthcare Financial Services to Acquire HPSC
Licensing
Statutes---by Kit Menkin
"ELA
and MAEL Respond to Proposed Lease Tax in Chicago"
Streamline
Sales Project Agenda/Handouts
How
to Subscribe to Leasing News
This Border ##### Denotes
Press Release (Not Written By Leasing News)
------------------------------------------------------------------------------------------
Classified
Ads----Sales Manager
Sales Manager: Atlanta,
GA
30 years in transportation
Finance with strong management/ sales background. Represented company
on national & region markets. Started two successful operations- produce
profits and growth. Email:pml@mindspring.com
Sales Manager:
Dallas/Fort Worth, TX.
Domestic-int'l exp.
Small to middle ticket. 24 yrs with Fortune 500 firms(2). Consistently
achieves margin/ volume goals. Email:
mfdp1101@charter.net
Sales Manager:
New York, NY
I have over 25 years
owning an independent leasing company that specialized in truck leasing.
Tow trucks, Limos, ambulances, tractors, etc.. Email:rfleisher@rsrcapital.com
Sales Manager:
Orange County, CA. Experienced sales manager. Proven ability to develop
high volume vendor, direct or third party business. Seek sales management,
program management or senior sales origination role. Email: rmunson@socal.rr.com
Sales Manager:
Portland, OR. 18+ yrs w/bank leasing company. Supervised 14- 20 sales
people. Willing to relocate for the proper position. Email:pthygeson@netscape.net
Sales Manager:
Seattle, WA
Senior level sales
professional w/ (20) plus experience in mid market financing & leasing.
The last (8) plus years being self employed in middle market brokerage.
Email:markhenley@qwest.net
full list at: http://64.125.68.90/LeasingNews/JobPostings.htm
____________________________________________________________________
ALERT---Tech
Com---Ernie Reinhardt
“This is a follow up
to a alleged Fraud case, involving a vendor and numerous
lessee's, that started
to unravel in early 2001 (see history below).
“It appears that what
was thought to be one fraud deal has turned into
much more. It all started with one transaction and with
one unusual
trade reference. Thousands of labor hours later the BAD GUYS
are going
to get their day in
court.
“The vendor was TECH
COM, INC. (aka Universal Equipment - circa
1999)(the reported
ringleader is Ernie Reinhardt) located in Southern California with
multiple lessee's (conspirators)
in California and Maryland. I
was
contacted yesterday
by Inspector Reardon from the United States Postal
Inspection Service
who indicated that the United States Attorney and the
FBI have handed down
a 13 charge Federal indictment against 19
individuals. The trial is set for Jan. 5th, 2004 in Maryland.
“Inspector Reardon
is asking for anyone that has any information
regarding this vendor
and/or it's lessee's (conspirators) to please
contact him at 410-347-4482
or via e-mail - dmreardon@uspis.gov
“
-name withheld-
### Press Release
#################################
Marlin
Business Services Announces Pricing of IPO
Marlin Business Services
Corp. (www.marlincorp.com) announced that it has priced its
initial public offering
of 4,400,000 shares of its common stock at $14.00 per share. Of the shares
being offered, 3,113,267 shares are being offered by the Company and 1,286,733
shares are being offered by selling shareholders. The underwriters have
a 30-day option to purchase up to an additional 467,988 shares of common
stock from the Company and 192,012 shares from certain of the selling
shareholders to cover over-allotments.
The net offering proceeds
to the Company, after the payment of expenses related to the offering,
will be approximately $38.8 million, and will be used to repay subordinated
debt of $10.0 million plus accrued interest, to pay approximately $6.0
million of accrued dividends owed on preferred stock and for general corporate
and working capital purposes. The Company will not receive any of the
proceeds from the sale of common stock by the selling shareholders.
U.S. Bancorp Piper
Jaffray is the lead manager for the offering and William Blair & Company
is the co-manager. A final prospectus relating to the offering may be
obtained from U.S. Bancorp Piper Jaffray at (800) 333-6000 or William
Blair & Company at (800) 621-0687.
The transaction is
scheduled to close on November 17, 2003, subject to the terms and conditions
of the purchase agreement. Morgan, Lewis & Bockius LLP acted as counsel
to Marlin Business Services Corp. Sidley Austin Brown & Wood LLP acted
as counsel to the underwriters.
### Press Release
#################################
U.S. Bancorp Equipment
Finance Names Greg Mamula EVP
U.S. Bancorp Equipment
Finance, Inc. has named Greg Mamula executive vice president
and general manager
of the Capital Equipment Group in Portland. In his new role, Mamula will
oversee $2 billion in assets and more than 76 employees.
"Greg is an outstanding
leader and asset to U.S. Bancorp Equipment Finance," said Bill Purcell,
president of U.S. Bancorp Equipment Finance. "His vision, commitment
and ability to attract customers will assist in driving our company forward
and helping us reach the next level."
Mamula has more than
23 years of experience in the financial services industry. Previously,
he was employed as regional vice president of U.S. Bancorp's Machine Tool
Finance Group as well as vice president and regional manager for BancBoston
Leasing. Prior to that, Mamula served as regional vice president and account
executive for U.S. Bancorp's Capital Equipment Group.
Mamula received his
Bachelor of Science degree from Mankato State University and his masters
in business administration from the University of Kansas. He resides in
Portland with his family.
U.S. Bank is part of
U.S. Bancorp (NYSE: USB). With assets in excess of $189 billion, U.S.
Bancorp is the 8th largest financial services holding company in the United
States. The company operates 2,201 banking offices and 4,506 ATMs, and
provides a comprehensive line of banking, brokerage, insurance, investment,
mortgage, trust and payment services products to consumers, businesses
and institutions. U.S. Bancorp is home of the Five Star Service Guarantee
which assures customers of certain key banking benefits and services or
customers will be paid for their inconvenience. Visit U.S. Bancorp on
the web at usbank.com.
Sites of Reference:
CONTACT:
Karen Greenwood
U.S. Bancorp
Phone Number: 612-303-0731
Fax Number: 612-303-0735
E-mail: karen.greenwood1@usbank.com
### Press Release
################################
GE
Healthcare Financial Services to Acquire HPSC, Inc.; Transaction Strengthens
Medical and Dental Practice Offerings
CHICAGO & BOSTON----GE
Healthcare Financial Services has signed a definitive agreement to acquire
HPSC, Inc. (AMEX:HDR), a premier provider of financing to medical and
dental practices with over $1 billion in managed assets. GE will acquire
all of the issued and outstanding common stock of HPSC for $14.50 per
share or a total consideration of approximately $72.4 million. The all-stock
deal, which is subject to customary closing conditions as well as regulatory
and HPSC shareholder approvals, is expected to close in late 2003 or early
2004.
"The transaction will give us a platform to extend our position
in the rapidly growing physician/dental practice industry," said
Rick Wolfert, president and CEO of GE Healthcare Financial Services. "HPSC
has a best-in-class franchise and relationships with nearly 75,000 medical
and dental professionals nationwide, as well as the leading suppliers
to this industry."
Wolfert continued, "The combined organization will be able
to introduce a broad mix of financial solutions to physician and dental
practices, including: real estate financing, practice acquisition financing,
equipment financing, patient financing programs, professional liability
insurance, employee benefit programs and more. We're confident that both
HPSC and GE customers will benefit from this strategic move."
HPSC, founded in 1975, was recently named one of the fastest growing
publicly-traded companies in Massachusetts, ranking 50th on the Boston
Globe's Globe 100. HPSC is headquartered in Boston, with approximately
130 employees in 22 offices across 13 states.
"We are extremely excited about joining with GE, and providing
our customers with access to an even broader array of financial solutions,"
said John Everets, chairman of HPSC. "This is a tremendous opportunity
because GE Healthcare Financial Services is the premier provider of financing
solutions for healthcare organizations. We are confident that GE's proven
commitment to growing its existing business will strengthen our existing
relationships within the industry."
GE Healthcare Financial Services was advised on this transaction
by Sandler O'Neill Partners, L.P. Keefe, Bruyette and Woods, Inc. advised
HPSC.
About GE Healthcare Financial Services
GE Healthcare Financial Services, a unit of GE Commercial Finance,
is the premier provider of capital, financial solutions and related services
for the global healthcare industry. With $10 billion in assets and nearly
700 employees, GE Healthcare Financial Services offers a full range of
financing capabilities from equipment leasing and real estate financing
to working capital lending and vendor finance programs. With a dedicated
focus and a deep knowledge of the healthcare industry, GE Healthcare Financial
Services works with customers to create tailored financing solutions that
help them improve their productivity and profitability. GE Healthcare
Financial Services' Web site is www.GEHealthcare.com.
GE Commercial Finance, with approximately $200 billion in assets,
offers businesses of all sizes an array of financial services and products.
Based in Stamford, Conn., it is a part of GE, a diversified services,
technology and manufacturing company with operations worldwide.
About HPSC
HPSC Inc. (AMEX:HDR) is a leading non-bank financial services company
providing leasing and financing opportunities to medical and dental professionals
across the United States. For more information, please visit the company's
Web site at www.hpsc.com.
Where to Find Additional Information about the Acquisition:
General Electric Company (GE) and HPSC intend to prepare and file
with the Securities and Exchange Commission (SEC) a registration statement
that will include a joint proxy statement/prospectus of GE and HPSC, and
other relevant documents in connection with the proposed merger. Investors
and security holders are urged to read the proxy statement/prospectus
and other relevant materials, when they become available because they
will contain important information about GE, HPSC and the proposed merger.
In addition to the registration statement to be filed by GE in connection
with the proposed merger, and the joint proxy statement/prospectus to
be mailed to the stockholders of HPSC in connection with the proposed
merger, each of GE and HPSC file annual, quarterly and special reports,
proxy statements and other information with the SEC. The proxy statement/prospectus
and other relevant materials (when they become available), and any other
documents filed by GE or HPSC with the SEC, may be obtained free of charge
at the SEC's website at www.sec.gov. A free copy of the joint proxy statement/prospectus
and other relevant materials (when they become available), and any other
documents filed by GE or HPSC with the SEC, may also be obtained from
GE and HPSC. In addition, investors and security holders may access copies
of the documents filed with the SEC by GE on GE's website at www.ge.com.
Investors and security holders may obtain copies of the documents filed
with the SEC by HPSC on HPSC's website at www.hpsc.com.
GE, HPSC and their respective officers and directors may be deemed
to be participants in the solicitation of proxies from their respective
stockholders with respect to the transactions contemplated by the proposed
merger. A description of the interests of the directors and executive
officers of GE is set forth in GE's proxy statement for its 2003 annual
meeting, which was filed with the SEC on March 11, 2003. A description
of the interests of the directors and executive officers of HPSC is set
forth in HPSC's proxy statement for its 2003 annual meeting, which was
filed with the SEC on April 15, 2003. Investors and security holders may
obtain additional information regarding the interests of such potential
participants by reading the definitive proxy statement/prospectus and
the other relevant documents filed with the SEC when they become available.
CONTACT:GE Healthcare
Financial Services Leslie Krohn, 312-441-7710 leslie.krohn@ge.com or HPSC,
Inc. John W. Everets, 617/720-3600 jeverets@hpsc.com
SOURCE: GE Healthcare
Financial Services
### Press Release
###############################
________________________________________________________
Licensing Statutes
by Kit Menkin
It was quite surprising
to receive so many inquiries, especially about California.
We had quite a series
about the law here, and the fact the class action suit against
Commercial Money Market
and the insurance sureties centers around the fact that
CMC did not have a
license.
“ Looking over the news this morning on the statutes.
In California it states we need a license from the commissioner.
Does that apply to leasing brokers such as myself or more to do
with straight financing or the lenders
themselves? I tried to
contact the state regarding the financial code and they weren't even sure
where to direct me. Up til now,
my understanding was that all I needed was a business license.”
( You need one. Anyone
involved in the transaction is required to have one. Many
local funders won’t
do business with you unless you have one.
Whether you are dealing
with a super broker
or not, any major funder will make it a requirement.)
“We are vehicle lessor
writing finance and operating leases.
We know that in the states of CT, OH and MA we are required to
maintain a lease license. In CA,
I have been getting mixed messages as to whether we need obtain a license. We have only 1 office in
NY and do business
by telephone and mail/overnight services.
I would guess
that there are differences between lease/financing of
titled vehicles and
non titled equipment,
but I have been unable to get definitive information,
that is copies of the
actual statutes for my direct review, regarding the
need of lease licenses
in other states. If you have any
suggestions as how
I can pursue my quest
for compiling a definitive list of states requiring
licenses or other filings
for direct vehicle lessors, not brokers, I would
be appreciative.We
know that in the states of CT, OH and MA we are
required to maintain
a lease license. In CA, I have
been getting mixed
messages as to whether
we need obtain a license.”
(Sorry, we are an equipment
leasing electronic newspaper, but try
this vehicle lease
association for information:
http://www.leasingnews.org/links_19.htm
)
“ The lenders I spoke with today, my lenders
said I don't need one because I am a broker and I don't collect advance
rental money. I'm never considered
a lessor. One lender suggested
that if I collected advance rental money, even only as a broker who doesn't
discount with anybody and whose name is never on the documentation that
I still think about getting it. You
mentioned that your lenders require it of you.
That's why I was curious because my lenders have never required
it of me. That's also why this was a bit surprising to
me. I would have figured someone
would have asked for proof of this by now if I needed it.”
(Wow, if a defendants
attorney in a default learns the originator did not have a license,
he not only can claim
usury, but that the transaction is invalid. Wait until that happens
to your lender!!! )
“I just spoke with
a guy regarding the California Financial Code.
He works for the dep't of corporations who handles division nine. He specifically said there was no literature
within their book that discussed leasing.
He said there is no true definition for a loan as well so some
people are taking the preventative measure of filing for this license,
but the truth is there is nothing that mandates doing so.
$25,000 bond, a $300 filing fee along with an annual minimum fee
of $250. Not to mention an annual
audit. I also spoke with a couple
of lenders today who view this as a grey area and don't require their
brokers to file. Don't know if
that helps, but that's the information I received straight from the horse's
mouth.”
You spoke to the wrong
person. If you reach the right
section, they will want
you to put your question
in writing. They also have a procedure
for giving an
“official” opinion,
and you can go on line to discuss it.
(But unless you are
doing a true “tax lease” that meets FASB rules and specifically
has no bargain purchase
option, where the lessor is claiming the depreciation
and many other requirements.
You need a license.
(Here is straight from
one of the top equipment leasing legal minds in
the country, in an
announcement of a meeting for brokers who belong
to the National Association
of Equipment Brokers---which you should
join at www.naelb.org:
(Attorney Joseph Bonanno
discussed the California law here:
http://www.leasingnews.org/archives/September%202003/9-12-03.htm#joe
( Here is the list of licenses required in each state we have collected
to date. If you want to find out
the hard way, go ahead, but the government agencies are hard up for
money, and while they
may be short staffed, they are going to hunt
for more money---and
if you are not in compliance with the law,
they are going to go
after you, as they not only want to enforce the
laws, but need the
operating money.
(Here are previous articles on this subject:
http://www.leasingnews.org/Conscious-Top%20Stories/finance_license.htm
http://www.leasingnews.org/archives/March%202003/03-13-03.htm#cmc
http://www.leasingnews.org/archives/March%202003/03-13-03.htm#ca
---------------------------------------------------------------------------------------------------
|
Sales:
Established, reputable, lessor seeking a successful, ethical,
small ticket sales professional to establish telecom dealer relationship
in our East Territory. |
----------------------------------------------------------------------------------------------------
"ELA
and MAEL Respond to Proposed Lease Tax in Chicago"
ELT News
Equipment leasing is
a $208 billion national industry and is one of the primary means of capital
investment for businesses of all sizes, but particularly for small businesses
that need to preserve operating cash. Leasing accounts for one third of
all capital equipment acquisition in the U.S, and is no less crucial to
the local economy. Chicagoland boasts one of the largest concentrations
of leasing companies in the U.S., and leasing should be an important component
of economic recovery in Chicagoland. Unfortunately, much of the equipment
that would otherwise be leased in Chicago is already acquired through
other means due to the existence of the Chicago Transaction Tax, reducing
the financial flexibility of capital intensive businesses. Chicago is
the only city in the United States that imposes a double tax on what are
really long term financings in the form of a lease. Our industry and customers
don’t argue with the concept of a rental tax when it is applied to short
term convenience rentals which don’t distort the economics of a transaction
or total cost of the equipment (including the total cost of the financing).
Mr. Stroger’s proposed
4% leasing tax will indeed combine with the city’s 6% Transaction Tax
to raise the total tax on leasing in Chicago to 10%. Add to that the Retailers
Occupation Tax and the proposed State of Illinois recent proposal to remove
the ROT exemption for manufacturing and printing equipment, and you have
a combined tax on equipment users of nearly 19% of equipment cost! Fortunately,
neither bank loans nor equity funding used to acquire equipment are subject
to these regressive use taxes. But, it should be easy to see how they
distort an otherwise simple financing decision making process for equipment
users. Equipment users should be
able to evaluate their
financing options on a level playing field, not one which is tilted away
from one form of long term financing!
If enacted, this new
leasing tax will substantially reduce or eliminate the benefits normally-derived
from equipment leasing and remove a vital
financing tool for
Cook County’s small businesses. This will also help stifle expansion.
What’s to stop those companies from moving to Indiana or, for that matter,
Lake County? Chicago-based leasing companies-and the jobs they provide-may
go elsewhere too.
Clyde Cady, President,
MidAmerica Association of Equipment Lessors Michael Fleming, President,
Equipment Leasing Association
-----------------------------------------------------------------------------------------
Streamline
Sales Project Agenda/Handouts
Attachments with this
email contain the Streamlined Sales Tax Project
(SSTP) agenda and handouts
for the meeting next Monday and Tuesday at
the Embassy Suites
Hotel Phoenix-Scottsdale. You
may register and/or
gain additional information
about SSTP online at
http://www.taxexchange.org/meet/1103sales.taf
The Streamlined Sales
Tax Project (SSTP) reports sleeping rooms are sold out at the location
of our upcoming SSTP/SSTIS meetings, the Embassy Suites Phoenix-Scottsdale,
located at 4415 East Paradise Village Parkway
South in Phoenix, AZ,
Telephone: 602-765-5800. Some people are staying 5 miles away at the Homewood
Suites Phoenix-Scottsdale, 9880 North Scottsdale Road in Scottsdale, telephone
480-360-8705, which will run a
shuttle between the
two hotels. The morning shuttles
will leave at 7:30 and 7:45 am on Monday and Wednesday and at 7:15 and
7:30 am on Tuesday (when the SSTP meetings start at 8:00 am).
Return shuttles will run at 5:00
and 5:15 pm. You might
be able to arrange the courtesy shuttle at other times by asking at the
bell stand or concierge desk.
http://two.leasingnews.org/temporary/Bundled%20Transaction%209-23-03.htm
http://two.leasingnews.org/temporary/Digital%20Equivalent%20of%20tpp%2
0Issue%20Paper_Sept_03.htm
http://two.leasingnews.org/temporary/Minutes%2009-03%20SSTP%20Chicago%
20meeting.htm
http://two.leasingnews.org/temporary/SST%20Certified%20Service%20Provider%
20Timetable.htm
http://two.leasingnews.org/temporary/SSTP%20Certificate%20of%20Compliance%
20Approval.htm
http://two.leasingnews.org/temporary/SSTP%20Phoenix%20Agenda%20Nov.%202
003.htm
http://two.leasingnews.org/temporary/SSTP%20Return%20Remittance%20Paper
.htm
http://two.leasingnews.org/temporary/SSTP%20Review%20of%20School%20Su
pplies%20November%2011.htm
http://two.leasingnews.org/temporary/SSTP%20Sales%20Tax%20Holiday.htm
http://two.leasingnews.org/temporary/SSTP%20drop%20shipments%20issue%
20paper.htm
http://two.leasingnews.org/temporary/TTRIDef%207%2016%2003.htm
http://two.leasingnews.org/temporary/compliancechecklist%203%20State.pdf
http://two.leasingnews.org/temporary/compliancechecklist%20State%20Attes
tation.htm
http://two.leasingnews.org/temporary/stl_exempt_0903.pdf
Dennis Brown
|
|
------------------------------------------------------------------------------------------
How to Subscribe
Two Version:
Free (text format)
HTML: $59.95 yr ---
Free 30 Day Trial
http://www.leasingnews.org/contact_us_news.htm
This text edition is
also available in an "up-grade" format, html, where you may
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posted daily on our
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---Or
just hit reply to this newsletter and say “ trial” and if you have not
had
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prior trial, get 30 days for free and then see if you want to keep the
HTML
version.
News
Briefs---
Firefighter
hailed from near and far
1,500
cohorts attend Steve Rucker's San Rafael memorial
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/11/13/RUCKER.TMP
Third-quarter earnings 'a total blowout'
http://www.usatoday.com/money/companies/earnings/2003-11-12-earnings-
rebound_x.htm
Senate
Approves $401.3B Defense Bill, Now Goes to President for Signature
Facing
the shareholders
Cisco's
CEO says its slice of telecom market is growing
Delta
forecasts bigger loss/ Wave of pilot retirements blamed
http://www.ajc.com/business/content/business/delta/1103/13delta.html
Still
No Deal Between Clerks, Grocers
http://www.washingtonpost.com/wp-dyn/articles/A34563-2003Nov13.html
----------------------------------------------------------------------------------------------------------
Sports
Briefs---
Gannon
out for season
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/11/13/RAIDERS.TMP
Chrebet
out for season
http://www.theredzone.org/news/showarticle.asp?ArticleID=595
Garcia
Out for Sunday, Feeling discarded, He Claims
http://www.bayarea.com/mld/mercurynews/7249839.htm
At
41, Flutie Is Giving a Stiff-Arm to Age
(my cousin on my mother’s side)
http://www.nytimes.com/2003/11/13/sports/football/13FLUT.html
Bid
for L.A. Dodgers delayed
http://www.boston.com/business/globe/articles/2003/11/12/bid_for_dodgers_delayed/
--------------------------------------------------------------------------------
California
Nuts Briefs---
Schwarzenegger
prepares for a low-key swearing-in
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/11/13/SWEAR.TMP
End
of the Davis era Tempered temperament led state
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2003/11/12/MNGCC2VVFM1.DTL
-----------------------------------------------------------------------------------------------------
"Gimme
that Wine"
Reduced
crush marks '03 wine harvest
http://www.marinij.com/Stories/0,1413,234~26642~1761276,00.html
World
Winery List by Country
http://www.wineontheweb.com/wineries/
UC
Davis Gets Major Grant for Brewing Lab
http://www.beverageworld.com/beverageworld/headlines/article_
display.jsp?vnu_content_id=2025924
Dark
Beer May be Better for Your Heart, Study Finds
http://www.beverageworld.com/beverageworld/headlines/article_
display.jsp?vnu_content_id=2025922
[Headlines]
|
|
________________________________________________________________________
This
Day in American History
1765-
birthday of Robert Fulton, inventor of the steamboat at Little Britain,
PA.
http://xroads.virginia.edu/~HYPER/DETOC/transport/fulton.html
http://www.history.rochester.edu/steam/thurston/fulton/
1775-American troops led b y General Richard Montgomery capture the
City of Montreal, Canada.
http://memory.loc.gov/ammem/today/nov13.html
1789- Benjamin Franklin wrote to a friend, "In this world
nothing can be said to be certain, except death and taxes." Franklin later repeated it in his newspaper
and it has become one of the most popular sayings in the American language.
1789- President George Washington ended his tour of the New England
states that he began on October 15, raveling in a hired coach, accompanied
by Major William Jackson, his aide-de-camp, and Tobias Lear, his private
secretary, along with six servants, nine horses, and a luggage wagon. He went as far north as Kittery<ME ( then part of Massachusetts).
As Rhode Island and Vermont had not yet joined the new government, he
did not visit those states. Washington’s first tour of the southern states
as made from April 7 to June 12, 1791., during which time he made a 1,887
mile trip from his estate in Mount Vernon, VA, through Philadelphia, south
through Virginia, and the Carolinas into Georgia, and back to Mount Vernon.
1839-The Liberty Party, an antislavery party, held its first national
convention at Warsaw, NY. It nominated James G. Birney of New York for
president. Birney, a former Kentuckian,
and slaveholder, wielded strong political influence in western New York
and the Ohio River Valley. Francis
J. Lemoyne was nominated for vice-resident.
1860- Helen Archibald Clarke with lifetime partner Charlotte Endymion
Porter founded, edited, and published Poet Lore which introduced Americans
to a number of European modern poets. Both were prolific writers and editors
of writings by Shakespeare, Browning, Longfellow, and others. Ms. Clarke
was also a talented musician and composer.
1861-President Lincoln pays a late night visit to General George
McClellan, who Lincoln had recently named general in chief of the Union
army. The general retired to his chambers before speaking with the president.
This was the most famous example of McClellan's cavalier disregard
for the president's authority. Lincoln had tapped McClellan to head the
Army of the Potomac-the main Union army in the East-in July 1861 after
the disastrous Union defeat at the First Battle of Bull Run. McClellan
immediately began to build an effective army, and he was elevated to general
in chief after Winfield Scott resigned on October 31. McClellan drew praise
for his military initiatives but quickly developed a reputation for his
arrogance and contempt toward the political leaders in Washington. After
being named to the top post, McClellan began openly to cavort with Democratic
leaders in Congress and show his disregard for the Republican administration.
To his wife, he wrote that Lincoln was "nothing more than a well-meaning
baboon," and Secretary of State William Seward was an "incompetent
little puppy." Lincoln made frequent evening visits to McClellan's
house to discuss strategy. On November 13, Lincoln, Seward, and Presidential
Secretary John Hay stopped by to see the general. McClellan was out, so
the trio waited patiently for his return. After an hour, McClellan came
in and was told by a porter that the guests were waiting. McClellan headed
for his room without a word, and only after Lincoln waited another half-hour
was the group informed of McClellan's retirement to bed. Hay felt that
the president should have been greatly offended, but Lincoln casually
replied that it was "better at this time not to be making points
of etiquette and personal dignity." Lincoln made no more visits to
the general's home. 725 He was
not a very good general and the Seven Days Campaign, also known as McClellan’s
Peninsula Campaign, that started on July 1, 1862,
was a disaster. July 11, Maj. General Henry W. Halleck was named
commander in chief of the Union armies by President Lincoln.
Without McClellan criticizing him, Lincoln on July 22 wanted to
issue an Emancipation Proclamation and told his Cabinet it would also
be an effort to cripple Confederate manpower, something McClellan had
influenced the administration not to do.
Lincoln’s cabinet persuaded him to wait for a more favorable military
situation to avoid the appearance of “desperation.”
November 5, Gen. Ambrose E. Burnside was name by President Lincoln
to replace Gen. McClellan as commander of the Army of the Potomac. McCellan,
in 1864, he ran as the Democratic candidate for president. In the North there was considerable dissatisfaction with the progress being made
in defeating he Confederacy, so Pres. Abraham Lincoln did not think his
chances of reelection were good. The
Democrats were split between those who supported the war and those who
wanted peace at almost any price. General Lee, aware of this, was planning
an invasion of Washington, DC, but one of his division was accidentally
encountered in movement on this plan in Gettysburg ( but that is another
story). The Democratic nominee was Gen. George B. McClellan,
commander of the Union Army, who had let several opportunities for victory
slip away. The Democratic platform
called for peace through reunification of the states, but did not say
how this was to be done. Fortunately for Lincoln and the Republicans and
those opposed to slavery, several important military victories were won
in time to influence the outcome. Lincoln received 212 electoral votes,
McClellan, 21. The popular vote
was Lincoln 2,216,067; McClellan, 1.807,725.
The results and history of the campaigning is very revealing as
to the attitudes of the time, not reflected
in many school books
that paint the war as simple to understand.
1875- bowling rule standardization was undertaken when 27 delegates
met at Germania Hall, New York City, and organized the National Bowling
Association. The association soon went out of existence, however, as did
the American Amateur Bowling Union, which was organized in 1890. The first important bowling convention to standardize
rules was held by the American Bowling Congress, when it organized On
September 9, 1895, in New York City,
1875-The first football uniforms were worn in a game at New Haven,
CT, by teams from Yale and Harvard colleges. the Yale team wore dark trousers, blue shirts, and yellow caps,
which the Harvard team wore crimson shirts an stockings and knee breeches. Harvard won the game 4-0. The game at that
time was closer to ruby than to present-day football. Each time had 15
players.
1894- the great Kansas City bandleader Bennie Moten born.
1913-African-American Dr. Daniel Hale Williams, pioneering surgeon,
becomes a member of the American College of Surgeons.
1921-Birthday of bass player Eddie Calhoun, Clarksdale, MS
1921 - That great romancer of the silver screen, Rudolph Valentino,
starred in "The Sheik", which was released on this day. "The
Sheik" firmly established Valentino’s popular reputation as the Great
Lover, and his last film, the comical "Son of the Sheik" (1926)
sealed that title. But the actor never thought of himself as a conqueror
of women - nor as a great actor. He found the Sheik films rather silly.
Valentino had plans to make more serious films beginning with an ambitious
version of "El Cid", to be called "The Hooded Falcon".
In town for the premiere of "Son of the Sheik", he collapsed
in New York on August 15, 1926. Valentino died eight days later from peritonitis
-- before he could begin to work on films that would make the public forget
his sheikly shenanigans. So the grandiose romantic persona persists, and
we remember Rudolph Valentino as the Great Lover.
1927-The Holland Tunnel, running under the Hudson River between
New York, NY, and Jersey City, NJ, was opened to traffic. The tunnel was built and operated by the New
York-New Jersey Bridge and Tunnel Commission. Comprised of two tubes,
each large enough for two lanes of traffic, the Holland was the first
underwater tunnel built in the US.
1928-Pianist/Composer Hampton Hawes birthday
http://www.mclink.it/com/if/lunati/conti/
http://www.fantasyjazz.com/catalog/hawes_h_cat.html
http://www.allaboutjazz.com/bios/hxhbio.htm
1931- Arkansas's Hattie Ophelia Wyatt Caraway appointed to the
U.S. Senate to fill the seat of her late husband. In 1932 she became the
first woman to be elected to the Senate in her own right, re-elected in
1938, introduced an Equal Rights Amendment.
http://womenshistory.about.com/library/bio/blbio_caraway_hattie.htm
1937- the first symphony orchestra devoted exclusively to radio
broadcasting was the National Broadcasting Company (NBC) Symphony Orchestra
under conductor Arturo Toscanini. Television
has had no such orchestra.
1940- Benny Goodman records Eddie Sauter’s Benny Rides Again.
1943 - Leonard Bernstein replaced an indisposed Bruno Walter as
conductor of the New York Philharmonic Orchestra.
1944—Top Hits
Dance with the Dolly - The Russ Morgan Orchestra (vocal: Al Jennings)
I’ll Walk Alone - Dinah Shore
The Trolley Song - The Pied Pipers
Smoke on the Water - Red Foley
1951-Janet Collins, ballerina, becomes the first Black dancer to
appear with the
Metropolitan Opera
Company.
1952--Top Hits
You Belong to Me - Jo Stafford
Wish You Were Here - Eddie Fisher
Because You’re Mine - Mario Lanza
Jambalaya (On the Bayou) - Hank Williams
1955 - NBC showed the first live TV program from a foreign country
(noncontiguous). Scenes from Havana, Cuba were seen by viewers of Dave
Garroway’s "Wide Wide World" program.
compositions with the
orchestra.
1956-Southern states either ignored or rebelled against the Supreme
Court ruling against segregation in the public schools. In Montgomery, Alabama, blacks boycotted buses,
and on this day, the Supreme Court ruled that segregation on buses and
streetcars was unconstitutional.
1960—Top Hits
Save the Last Dance for Me - The Drifters
Poetry in Motion - Johnny Tillotson
Georgia on My Mind - Ray Charles
Wings of a Dove - Ferlin Husky
1963-Birthday of Vincent Frank “Vinny” Testaverde, football player,
born New York, NY.
1964-Forward Bob Pettit of the St. Louis Hawks became the first
player in NBA history to reach the 20,000 –point mark when he scored 29
points in a 123-106 loss to the Cincinnati Royals.
1967-Carl Burton Stokes became the first black in the US elected
mayor when he won the Cleveland, OH, mayoral election. Died April 3, 1996.
1968 – The Beatles movie,
"Yellow Submarine", premiered in the U.S. Their single, "Hey
Jude", topped the pop music charts (it was in its 7th of 9 weeks
at #1).
1968—Top Hits
Hey Jude - The Beatles
Those Were the Days - Mary Hopkin
Love Child - Diana Ross & The Supremes
I Walk Alone - Marty Robbins
1969 -- Crosby, Stills, Nash & Young, Cold Blood, Joy of Cooking,
& Lamb perform at Winterland in San Francisco
http://www.sfmuseum.org/hist1/rock.html
http://www.sweetstar.com/song/b00004tyb8
1971- the first satellite launched from the earth to orbit another
planet was Mariner 9, an unmanned American spacecraft that was sent to
Mars to photograph the surface and to study the planet’s thin atmosphere,
clouds, and hazes, surface chemistry, and seasonable changes. The satellite entered Martian orbit at 7:33pm EST. It mapped 70 percent of the planet’s surface.
1975 - "Feelings"
by Morris Albert, went gold. 1976—Top Hits
Tonight’s the Night (Gonna Be Alright) - Rod Stewart
The Wreck of the Edmond Fitzgerald - Gordon Lightfoot
Love So Right - Bee Gees
Somebody Somewhere (Don’t Know What He’s Missin’ Tonight) - Loretta Lynn
1977 - After 43 years as a regular feature in hundreds of newspapers,
Al Capp brought his comic strip, "Li’l Abner", to a final conclusion.
This was one of the most popular cartoons of its day, including a Broadway
musical, and Capp was a favorite guest of late TV shows.
1984—Top Hits
Caribbean Queen (No More Love on the Run) - Billy Ocean
Purple Rain - Prince & The Revolution
Wake Me Up Before You Go-Go - Wham!
I’ve Been Around Enough to Know - John Schneider
1986 - The state of California put Fricot City on the auction block
for $8.8 million. The ‘city’ was actually the former ranch/private estate
of Desiré Fricot. It had become a California Youth Authority camp in 1945.
Located about 60 miles southeast of Sacramento, Fricot City featured some
twenty homes, two gymnasiums, two swimming pools, a full twelve-grade
school, a fire station, an infirmary and a chapel. http://www.geocities.com/sheepranchca/ ( scroll to bottom to see map )
http://www.oac.cdlib.org/dynaweb/virtual/calher/grass
( go to “container” for pictures”)
1989- After 16 years with the same team, Jim Rice is released
by the Red Sox. The Boston outfielder retires from the game with a career
.298 average with 382 home runs
1998- New England Patriots quarterback Drew Bledsoe set an NFL
record for most passes completed in a game with 45 vs. Minnesota.
1999- Lennox Lewis won a unanimous decision over tattooed Evander
Holyfield for 12 rounds in Las Vegas to capture the title.
2000
-Becoming the first pitcher to win the American League Cy Young award
unanimously in consecutive years, Red Sox hurler Pedro Martinez (18-6,1.74)
has copped the 'top pitcher' honor three of the last four seasons.
2002- The Giants select former Expo veteran skipper Felipe Alou
to replace Dusty Baker as their new manager. The 67-year-old Dominican
Republic native compiled a 691-717 record during his ten years at the
helm with Montreal and was selected as the National League Manager of
the Year in the 1994 strike-shortened season.
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