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About the Company: Lease Corporation of America is a well established, 16 year old, national equipment leasing company. |
Monday, November 1,2004
Headlines---
Classified Ads—Senior Management
NorVergence Class Action Hearing This Afternoon
Equipment Finance Group Franchise Opportunity
Other “Franchise” or Like Programs
Up-Date: Equipment Leasing Conference Countdown
######## surrounding the article denotes it is a “press release”
-----------------------------------------------------------------------------
Correction: Capital Lease—Finance Lease
“A lot of people mix up accounting and tax terms. Capital Lease vs.
Operating Lease concerns accounting, not tax, and has to do with the way leases are shown on the books.
“A Finance Lease for tax purposes is how an end user can claim bonus
depreciation. But it might make more sense to do a true lease for tax
purposes and let the lessor have the bonus depreciation. The lessee
gets the benefit in the form of a lower lease payment. This would be
the case for any lessee with less than $200,000 of taxable income who
might not be able to utilize bonus depreciation fully.
“Finance lease or true lease -- either way lessees had better hurry,
because bonus depreciation goes away in two months. Anyone who wants to discuss this is welcome to call me.”
John
John Haenselman
Belvedere Equipment Finance
1250 Bayhill Drive, Suite 111
San Bruno, CA 94005
(650) 616-1948 phone
(650) 616-1998 fax
jhaenselman@befcfinance.com
The original article: Capital Leasing
Capital Leasing Very Popular This Time of the Season
http://www.leasingnews.org/#cap
-----------------------------------------------------------------------------
Classified Ads---Senior Credit Officer/Senior Management
Senior Credit Officer
experienced in middle- market leasing; structured, vendor and 3rd party to the fortune 1000. Proactive team builder, originations capable with strong work ethic.
Email: kyletrust@hotmail.com
Senior Management: Baltimore, MD
25 year veteran of commercial and equipment leasing seeking a senior management position with leasing or asset based financing company in the southeast (Florida preferred)
Email: kellogg_md@yahoo.com
Senior Management: Denver, CO.
Fortune 500 GM/SVP wants to team up with aggressive lender looking for Western expansion mid-market equip. finance/leasing. 20+ years experience within Rocky Mountain/ Southwest and Ca markets.
Email: legal@csotn.com
Senior management: Hope, NJ.
25 years in optimizing call center operations, collections, billing, and back end revenue generation. Experienced in $7 + billion dollar portfolios. Verifiable achievements.
E-mail: cmate@nac.net
Senior Management: Irvine, CA.
Credit executive, portfolio manager and syndication facilitator. Extensive business building experience in small and mid-ticket operations. Highly innovative. Fortune 100 audit and technology skills. Bottom-line manager. Email: lenhubbard@bigfoot.com
Senior Management: Long Island, NY
Degree Banking/Finance. 13 years leasing exp. Now prez young leasing company where promises were not met. Interested in joining established firm with future.
Email: bob33483@yahoo.com
Senior Management: New York, NY, NJ, Ct Tri-State
Top Exec. middle and big ticket, top skills treasury, funding, ops,transaction detail, syndication, ready to max profit, help build quality operation. right now!
E-Mail: leasefinance@optonline.net
Senior Management:
Portfolio Management Consultant; 25+years experience in Collections, Customer Satisfaction, Asset Management, Recoveries, Continuous Process Improvement, Back end Revenue Generation, Cost per Collection Analysis. $5+Billion Portfolio expertise.
Email: efgefg@rogers.com
Senior Management: San Francisco, CA.,
25 years experience w/global leasing company, sales, marketing, business dev., P&L responsibility, asset mgmt, brokering and re- marketing. Interested in joining an est. firm with a future.
Email: rcsteyer@yahoo.com
All classified those looking for employment at:
http://64.125.68.90/LeasingNews/JobPostings.htm#sec10
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Economic Events This Week
Today
November 1
Personal income: September
Construction spending: September
Tuesday
November 2
National/State/County Elections
Wednesday
November 3
Election Results
Factory orders: September
Thursday
November 4
U.S. productivity: 3rd Quarter
Sales of leading retailers: October
Weekly jobless claims
Friday
November 5
Unemployment: October
Consumer borrowing: September
National Association of Equipment
Leasing Brokers Atlanta, GA Conference
------------------------------------------------------------------
NorVergence Class Action Hearing This Afternoon
This is important to those who may have a legitimate claim against NorVergence and/or a leasing company. If you meet the definition of the class in the class action complaint, you are likely a putative (alleged) class member, and may be able to participate in any possible future judgment or settlement.
“Dear Putative Class Members:
“The hearing for the motion for a preliminary injunction will take place this Monday, November 1, 2004 at 2:45PM at the Clarkson S. Fisher Federal Building & U.S. Courthouse, 402 East State Street, Trenton, New Jersey. The case has been assigned to the Honorable Stanley R. Chesler. The courtroom is on the 5th Floor, Courtroom 5E. The Courthouse is open to the public.
“In addition, in an important development, the New Jersey Attorney General has submitted an Amicus Curiae Memorandum of Law in the Class Action on behalf of the Attorney General of the State of New Jersey and the Director of the New Jersey Division of Consumer Affairs in Support of Plaintiffs’ Application for An Order to Show Cause with Preliminary Restraints.
“The website has been updated to include the information above.
http://www.lawmsg.com/njnorvergence.html
“Directions to the Courthouse
“DIRECTIONS
TO THE CLARKSON S. FISHER FEDERAL BUILDING & U.S. COURTHOUSE
LOCATED AT
402 EAST STATE
ST., TRENTON, NJ 08608
(MERCHANT STREET
PARKING LOT)
“TAKE ROUTE 31 SOUTH TO ITS END, (PENNINGTON ROAD) BEAR RIGHT ONTO US 206 SOUTH (WARREN ST.), TRAVEL 1/4 MILE AND TURN LEFT ONTO PERRY ST., TRAVEL APPROX. ½ MILE AND TURN RIGHT ONTO N. STOCKTON ST (FIREHOUSE ON LEFT) ., TRAVEL 1/4 MILE AND TURN LEFT ONTO MERCHANT ST., ENTER 2ND PARKING LOT ON THE LEFT.
“DIRECTIONS FROM ROUTE 206 SOUTH“TAKE ROUTE 206 SOUTH, TO CIRCLE IN LAWRENCEVILLE, FOLLOW SIGNS FOR ROUTE 1 SOUTH (STRAWBERRY ST.) TO ROUTE 1 SOUTH (TRENTON FREEWAY) TO PERRY STREET EXIT, TAKE RAMP TO TRAFFIC LIGHT AND TURN LEFT, AT NEXT TRAFFIC LIGHT (FIREHOUSE TO YOUR RIGHT) TURN LEFT ONTO N. STOCKTON ST., CONTINUE 1/4 MILE TURN LEFT ONTO MERCHANT ST., ENTER 2ND PARKING LOT ON THE LEFT.
' DIRECTIONS FROM ROUTE I 195 WEST
“TAKE ROUTE I 195 WEST TO ITS END, CONTINUE ONTO HIGHWAY 29 & 129, HIGHWAY WILL SPLIT, FOLLOW RT. 129 NORTH, THROUGH 3 TRAFFIC LIGHTS, ROAD WILL MERGE INTO US 1 (NORTH) (TRENTON FREEWAY) TO PERRY STREET EXIT, TAKE RAMP AND TURN LEFT AT STOP SIGN, (GO OVER ROUTE 1) TO 2ND TRAFFIC LIGHT (N. STOCKTON ST - FIREHOUSE ON RIGHT) AND TURN LEFT, CONTINUE 1/4 MILE AND TURN LEFT ONTO MERCHANT ST. ENTER 2ND PARKING LOT ON THE LEFT.
" DIRECTIONS FROM REOUTE 29 SOUTH
“TAKE ROUTE 29 SOUTH TO THE MARKET STREET EXIT, CONTINUE ON MARKET ST. THROUGH 6 TRAFFIC LIGHTS TO SOUTH STOCKTON ST. (DEPT. OF MOTOR VEHICLES ON LEFT) AND TURN LEFT, CONTINUE ON STOCKTON (BECOMES NORTH STOCKTON) THROUGH 3 TRAFFIC LIGHTS, 1 BLOCK PAST 3RD LIGHT MAKE RIGHT ON TO MERCHANT ST., ENTER 2ND PARKING LOT ON THE LEFT.
“DIRECTIONS FROM ROUTE 33 WEST“TAKE ROUTE
33 (GREENWOOD AVE.) TO SOUTH CLINTON AVE. AND TURN RIGHT, CONTINUE ON
SOUTH CLINTON OVER RAILROAD BRIDGE, PAST THE TRAIN STATION, TO EAST
STATE ST. TURN LEFT ONTO EAST STATE , TRAVEL 1/4 MILE TO W. CANAL ST.
(TREMONT LOUNGE) AND TURN RIGHT, BEAR LEFT ONTO MERCHANT STREET, TURN
RIGHT INTO THE MERCHANT STREET PARKING LOT.
DIRECTIONS FROM
ROUTE 295 NORTH TAKE ROUTE 295 NORTH TO EXIT 60, STAY TO THE LEFT ON
THE EXIT TO 129 NORTH. (FOLLOW DIRECTIONS FROM 195 WEST TO 129 NORTH).”
MICHAEL SCOTT GREEN, ESQ.
Law Offices of Michael Scott Green
86 Washington Avenue
Milltown, New Jersey 08850
Tel: (732) 390-0480
Fax: (732) 390-0481
Cell: (732) 690-2093
E-mail: msgreen@lawmsg.com
On the web@: www.lawmsg.com
“The Law Offices of Michael Scott Green and the law firm of Kantrowitz, Goldhamer & Graifman filed a class action on behalf of former Norvergence customers against third party finance companies that were assigned equipment rental agreements by Norvergence. The case, Exquisite Caterers v. Popular Leasing USA, Inc., et al was filed on August 16, 2004 , in the Superior Court of the State of New Jersey , County of Monmouth . The action requests injunctive relief, barring enforcement of the rental agreements, a declaratory judgment declaring the agreements unenforceable and setting them aside, and statutory and monetary damages under the applicable law. The complaint alleges violations of the New Jersey Consumer Fraud Act, the New Jersey Truth-in-Consumer Contract, Warranty, and Notice Act, the FTC (Federal Trade Commission) Act, breach of contract, breach of implied warranties, and breach of express warranty.
“In a case such as this one, where the damages suffered by individual class members may be relatively small, class actions may be superior to other methods for the fair and efficient adjudication of claims by many individuals for whose benefit the action is brought. The expense and burden of individual litigation may make it impossible for certain members of the Class to individually seek redress for the wrongful conduct alleged. (Please see N.J. Court Rule 4:32)
“Please note that the class action is being represented on a contingency fee basis, there is no retainer fee. If we are successful in the class action litigation, we will make an application to the Court for attorneys’ fees and expenses, which are typically paid out of a settlement fund or judgment collection which is paid by the defendants. Such a fee is first passed upon by the Court which must approve all fees and expenses paid to counsel in a class action. If a settlement is reached, Class Members are afforded the opportunity, at that time, to consider their options and opt-out, if they so desire, to pursue an individual claim. In addition, if you fit the definition of the class in the amended complaint, you are, by definition, a putative class member. You do not need to “sign up” or “join” in any manner at this time to be included as a member of the putative class. For more information regarding class actions you may review the Class Action FAQ sections at www.lawmsg.com and www.kgglaw.com. There is, unfortunately, a great deal of misinformation regarding class actions circulating and we urge you to review these sections.
“The following lease companies are named in the amended complaint that was filed on Wednesday, September 1, 2004, a class representative for each company was also named: ABB Leasing, BB&T, CCL (Commerce Commercial Leasing), Celtic Bank, CIT Technology Financing, Court Square Leasing, Crown Bank Leasing, Dolphin Capital Corp., First Lease, General Electric Capital Corporation, IFC Credit Corp., ILC (Information Leasing Corp.), Interchange Capital, Irwin Business Finance, Lakeland Bank, Liberty Bank, Norv Capital (De Lage Landen), OFC Capital (ALFA Financial), Patriot Commercial Leasing, Popular Leasing, Preferred Capital, Inc., Sterling National Bank, Studabaker-Worthington, TCF Express Leasing, US Bancorp., Wells Fargo Financial Leasing.”
The above is from: http://www.lawmsg.com/njnorvergence.html
Three state attorney generals have filed requests to leasing
companies involved to halt lease payments on NorVergence
leases, making other claims in behalf of the “customers.”
Allegedly the attorney general of Colorado will not be making
any claims, but according to latest reports the attorney generals
of California, Connecticut, and New York are intending to take
similar action to the attorney generals of Florida, Illinois, and
New Jersey.
After receiving subpoenas from the Florida Attorney General, three leasing companies - CIT Technology Financial Services, Inc., Northland Capital Financial Services and BB&T Leasing Company - agreed to a moratorium of the payment demands and are not currently facing charges.
The Florida AG had named Wells Fargo, Commerce Commercial Leasing, LLC, Court Square Leasing Corporation, Dolphin Capital Corporation, IFC Credit Corporation, National City Commercial Capital Corporation (formerly known as Information Leasing Corporation), Irwin Business Finance, Liberty Bank Leasing, Patriot Leasing Co. Inc., Popular Leasing U.S.A., Inc., Preferred Leasing, LLC and Sterling National Bank.
Each is charged with two counts of violating Florida's unfair and deceptive trade practices statute. If convicted of the charges, the companies face a $10,000 fine for each violation of the statute and a $15,000 fine for each violation involving a senior citizen, as well as consumer restitution and attorney fees and costs.
The actions of the various state attorney general’s may not directly affect the outcome of today’s hearing, but certainly gives encourage to those seeking remedy.
---------------------------------------------------------------------------
|
Your One stop solution for training and reference material for the Leasing Professional
|
EFG Franchise Opportunity
Ken Wheeler, President, Equipment Finance Group (EFG) in Fresno, California is advertising his new “EFG Franchise” in many newspapers, including eBay.
“We are different from the rest as we have our own lines of credit and fund leases,” he said. “If the others place a lease, they are brokering. We can offer tremendous rates and have the funders, which makes a great difference.”
He is offering two franchise packages, one limited for $2,500, and the other $7,500 full package, where EFG is responsible for all “representations and warranties” and the franchisee works under the EFG license.
They also utilize EFG documents and receive full support.
Both include five days of instruction at their Fresno, California facility.
He states there are many who are working without the licenses required by their states. For instance, in California, he claims many “super brokers” operate without a California Finance Lender’s license, and there are others who have the license, but do business with brokers who do not have a license. This is prohibited and can invalidate leases arranged by the company, along with fines and license revocation not only in California, but many states.
Most banks in California require those who send leases to them
have a license, and if they are discounters, also have a State Board
of Equalization license.
Loan/Lease State Statutes*
http://www.leasingnews.org/Conscious-Top%20Stories/
* The above is from our archives, and needs to be up-dated. If any one can help us up-date it, please send to : kitmenkin@leasingnews.org
California Finance Lender Law
http://www.leasingnews.org/Conscious-Top%20Stories/cal_license.htm
Other “Franchise” or Like Programs
(does not include those specifically employed in training or education, but who have a similar program as the following entities:)
Corporate Capital Leasing Group Grows to 24 Offices
“...we advertised this opportunity on Ebay and offered a protected territory of their home state. They would pay $500 for a security deposit on the training materials and when they booked $50,000 in business, they would get a refund of their security deposit plus a bonus of $200. They get a 60 page manual, four CDs and samples of marketing pieces. They would sign a 10 page Agency Agreement which clearly spelled out what they could or could not do and how their commissions would be paid including splitting commissions between territories in case of an overlap.
“ The first month we had 4000 hits on the Ebay listing and over 90 people who were interested enough to ask for more information.”
http://www.leasingnews.org/Conscious-Top%20Stories/Corp_cap_grows.htm
Equipment Financial
Group
(see story above)
Global Leasing
Phil Dushay, Global Leasing, who is a “super broker,” offers a sales program for $14,995**
“In 2003, he created a new division to train independent salesmen in all the aspects of finance, including leasing ,accounts receivable financing, business acquisitions, debt restructuring, working and venture capital. His students have found great success and he spends most of his time now developing entrepreneurs, who also utilize his knowledge and sources of funds. “
Mr. Dushay is also on the Leasing News Advisory Board
http://www.leasingnews.org/Advisory%20Board/Dushay_Phil.htm
Leasing Institute
of America
“With the faculty of Sudhir Amembal, Loni L. Lowder, Charles E. Brazier, CLP, Jason Smith, General Manger, and Joe Bonanno, Esq., with $30,000 you can take part in the “Five Day Leasing School” to participate in “Stage One...” Recently formed with a unique format.
They stay active, helping find funding sources and giving continued
help in the growth of your leasing business.
http://www.leasingnews.org/Conscious-Top%20Stories/LIA_enters_fray.htm
Parker Leasing
and Financial Services
Fort Lauderdale, Florida
Formed December 1, 1969, this is a sole proprietorship, according
to the Better Business Bureau, who many consider quite controversial. Mr. Parker has advertised in USA Today perhaps since the paper started in 1982, offering to train those in his office for $5,000. Former students have said today it is a one person office with an answering service and the manual was a mimeograph. Today most of his business appears to be of international nature where he also raises investor money, it is claimed. There are no claims against his company in the Better Business Bureau. He is not a member of
any equipment leasing association.
http://www.bbbsoutheastflorida.org/nis/newsearch2.asp?ID=
1&strBCode=06330000&ComID=0633000011001649
Leasing News has one Bulletin Board Complaint and has not
been able to reach him regarding a situation in Indonesia.
http://www.leasingnews.org/Complaints-Bulletin_Board/
Wildwood Financial---$34,950 To Get Into Leasing
The oldest,
most experienced school-program run by
leasing veteran
Bob Baker, CLP; perhaps the most successful
to date. He,
and his staff, continue to help all students after they graduate, making
recommendations and helping their business grow.
Mr. Baker is
on the Leasing News Advisory Board
http://www.leasingnews.org/Conscious-Top%20Stories/wildwood.htm
(If we have left out your company and its “franchise” or “like” program, please contact us: kitmenkin@leasingnews.org )
------------------------------------------------------------------------------
Up-Date: Equipment Leasing Conference Countdown
 |
Leasing
Conference Count Down
National Association
of Equipment Leasing Brokers
In addition to marketing,
training, and other education workshops, this will be moderator by Barry
S .Marks, former NAELB Counsel ( who is
also one of the authors
of Power Tools for Leasing:
The Lessons of NorVergence
“Signing D&As
in advance, relying on the vendor for document execution and financing
significant soft costs and services as part of the rent are common practices
that may be tested in the NorVergence class action lawsuits. The Norvergence
bankruptcy has already resulted in lawsuits ,numerous government investigations
and comment on the internet.
“The panel will discuss
not only what happened and may be yet to come on the NorVergence deals,
but lessee claims in other leases and the lessons to be learned. The
NAELB considers keeping you abreast of major happenings in the industry
an important part of the work of the association.”
Schedule of Events
http://www.naelb.org/associations/2004/files/Eastern%20Agenda%
Registration Form
http://www.leasingnews.org/PDF/NAELB_Reg_Form(no_comp).pdf
Click Here for Information
on the Fall Conference
http://www.aglf.org/25AM04_fallpgm.pdf
To learn about these
and other leasing associations, please go to:
http://www.leasingnews.org/associations.htm
Classified---Help Wanted
Account Representative
|
BALTIMORE-BASED
ACCOUNT REPRESENTATIVE
- In this position, you will develop and maintain relationships
with lease brokers, leasing companies, equipment vendors and direct
leases throughout Maryland and Virginia. Must be knowledgeable
in indirect/third party transactions ranging $15K and up. |
|
About
the Company: At Dell
Financial Services, we aspire to fuel your potential with
the kind of challenging opportunities and hands-on support you
need to grow. We're the exclusive provider of leasing and finance
services for Dell technology systems worldwide. |
Brokers
|
About the company: SCL has been in business for 12 years. We are contracted with multiple funding sources which enables us to provide more competitive rates and flexible terms and conditions. |
National Account Manager
|
Trinity Capital, a subsidiary of Bank of the West, is a national leader in the equipment financing industry with a consistent presence and superior reputation. |
Vendor Account Executive
|
About the Company: Lease Corporation of America is a well established, 16 year old, national equipment leasing company. |
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News Briefs----
Crude Prices Vault Above $52
http://www.washingtonpost.com/wp-dyn/articles/A14856-2004Nov1.html
Oil prices may cause economic slowdown in U.S.
http://www.signonsandiego.com/news/business/20041031-9999-1b31oil.html
Venture Capital Picks Up From 7-Year Low
http://www.washingtonpost.com/wp-dyn/articles/A14656-2004Oct31.html
A lesson left by Col. Sanders still needs to be heeded
http://www.signonsandiego.com/news/business/kinsman/
Sports Briefs----
Sunday's scores
http://www.usatoday.com/sports/scores.htm
Sapp says Raiders worse than Buccaneers
http://www.mercurynews.com/mld/mercurynews/sports/football/nfl/
Raiders pummeled in San Diego
http://www.mercurynews.com/mld/mercurynews/sports/football/
nfl/oakland_raiders/10065978.htm
Pats Hit Steel Wall/Become Mortal Again
http://www.nytimes.com/2004/11/01/sports/football/01patriots.html
Owens Breaks Some Tackles and Burns More Bridges
http://www.nytimes.com/2004/11/01/sports/football/01eagles.html
Falcons deliver October surprise, hammer Broncos
http://www.ajc.com/sports/content/sports/falcons/1104/01falcons.html
Defenses disappear in K.C.
http://www.nytimes.com/2004/11/01/sports/football/01eagles.html
Lions hit a bump in the road
http://www.nytimes.com/2004/11/01/sports/football/01eagles.html
Oh no! Not again
http://www.startribune.com/stories/510/5061850.html
“Gimme That Wine”
FRANCE: Half of winemakers say France in crisis
http://www.just-drinks.com/news_detail.asp?art=25057
Wine Events This Coming Week
http://www.wineevents-calendar.com/festivals.Lasso
Grape Juice has more Antioxidant than any other juices
http://www.foodingredientsfirst.com/newsmaker_article.asp?
-------------------------------------------------------------------
This Day in American History
1765-Defense of the American colonies in the French and Indian War (1754-63) and Pontiac's Rebellion (1763-64) were costly affairs for Great Britain, and Prime Minister George Grenville hoped to recover some of these costs by taxing the colonists. In 1764, the Sugar Act was enacted, putting a high duty on refined sugar. Although resented, the Sugar Act tax was hidden in the cost of import duties, and most colonists accepted it. The Stamp Act, however, was a direct tax on the colonists and led to an uproar in America over an issue that was to be a major cause of the Revolution: taxation without representation. Passed without debate by Parliament in March 1765, the Stamp Act was designed to force colonists to use special stamped paper in the printing of newspapers, pamphlets, almanacs, and playing cards, and to have a stamp embossed on all commercial and legal papers. The stamp itself displayed an image of a Tudor rose framed by the word "America" and the Latin phrase Honi soit qui mal y pense--"Shame to him who thinks evil of it." Outrage was immediate and this day the “Stamp Riot” broke out in New York City coincide ding with preparations for celebration of Guy Fawkes Day. Colonists executed and buried “Liberty” and then proceeded to break windows, burn an effigy of the governor, mock soldiers, and loot homes of officials. the riot was gradually quelled by fearful citizens. The Stamp Act was repealed by Parliament on March 17, but the next day passed the Declaratory Act stating that Parliament had the power to pass laws binding the colonies. Thus began a series of import duties, export duties, and other such taxes. Various Colonies such as Virginia, while protesting loyalty to the king, entered into an agreement not to import goods on which Parliament raised revenues, and after a certain date, to stop buying a long list of embargoed items
1776- the Mission at San Juan Capistrano, California was founded. The original collapsed during the 1812 earthquake. The swallows of Capistrano nest in the ruins of the old mission church, departing each year on Oct 23, and returning the following year on or near St. Joseph’s Day (Mar 19).
1781-The first bank charted by Congress was the Bank of North America in Philadelphia, PA. It began business on January 7, 1782, with a total capital of $400,000, of which the government subscribed $250,000. Thomas Willing was elected president and Tench Francis cashier. Later the bank entered the National Banking System.
1784-The General Assembly of Maryland awarded by special grant citizenship to the Marquis de Lafayette, Washington’s French ally in the Revolutionary War. It provided that “ the Marquis de Lafayette and his heirs male for ever, shall be, and they and each of them are hereby deemed, adjudged, and taken to be, natural born citizens of this state, and shall henceforth be entitled to all the immunities, rights and privileges of natural born citizens thereof.”
1800- until this date, Philadelphia had served as the nation’s capital from 1790 to 1800- President John Adams and his family moved into the newly-completed White House, as Washington, DC, became the new capital.
1824- the first presidential election in which the most popular president lost due to electoral votes. It was also the first election where electoral votes were used. Andrew Jackson received 153,544 popular and 99 electoral votes, John Quincy Adams received 108,740 popular and 84 electoral votes, and William Harris Crawford and Henry Clay received 42 and 37 electoral votes respectively. Since no candidate had a majority of the electoral votes, the House of Representatives was called don to exercise it constitutional responsibility to choose from the highest three. In the meantime, Crawford became ill and was practically eliminated, and Clay agreed to use his influence to have Adams elected, provided that Adams promised to appoint him secretary of state. The balloting in the House of Representatives was 13 states for Adams, seven for Jackson, and four for Crawford.
1834--First
published reference to poker (as Mississippi riverboat game).
http://www.pokerpages.com/historypoker.htm
http://www.poker.uk.co/indexhistory.html
1846 - the Donner Pass tragedy - 87 pioneers were trapped in the Sierra Nevada when 5 feet of snow with drifts to 30 to 40 feet, only 47 survived
1848-
The first medical school for women opened at Boston, MA. Founded by
Samuel Gregory, a pioneer in medical education for women, the Boston
Female Medical School opened as the first medical school exclusively
for women. The original enrollment was 12 students. In 1874, the school
merged with the Boston University School of Medicine and formed one
of the first coed medical schools in the world.
1863-Fortifications
built on Angel Island (San Francisco Bay) by troops
from a plan to defend the
City, especially its harbors from attack by
the Confederate navy and
army.
http://www.militarymuseum.org/Ring.html
(Other true facts about the
Civil War;
US Gen Ulysses
S. Grant was introduced to his wife, Julia Dent, by her cousin, CS Gen
James Longstreet
US Gen Philip St. George Cooke was father-in-law of CS Gen James Ewell Brown 'Jeb' Stuart and father of CS Gen John Rogers Cooke.
1871-Birthday
of Stephen Crane, American author ( The Red Badge of Courage), born
at Newark, NJ. After the novel's
success, the newspaper syndicate sent Crane to cover the West and Mexico.
In 1897, he went to Cuba to write about the insurrection against Spain.
On the way there, he stayed at a dingy hotel where he met Cora Howard
Taylor, who became his lifelong companion. In 1897, his boat to Cuba
sank, and he barely survived. His short story "The Open Boat"
is based on his experiences in a lifeboat with the captain and cook.
Crane later covered the war between Greece and Turkey, and settled in
England, where he made friends with Joseph Conrad, H.G. Wells, and Henry
James. Crane contracted tuberculosis in his late 20s. Cora Howard Taylor
nursed him while he wrote furiously in an attempt to pay off his debts.
He exhausted himself and exacerbated his condition. He died June 5,
June 1900, Badenweiller,
Germany at the age of 28.
1872-- Susan B. Anthony, her three sisters, and fifteen other Rochester women registered to vote after persuading the election inspectors that the Fourteenth Amendment gave them that right. Four days later they cast their ballots, and on November 18, Anthony was arrested for illegal voting. She was tried the following June. The judge refused to allow SBA to testify in her own defense. She insisted on speaking anyway and when she refused to be quiet, he dismissed the jury, found her guilty, and fined her $100. She refused to pay hoping to appeal the case to a higher court but the judge allowed the case to languish instead, never prosecuting her for contempt.
1873-
Joseph Farwell Glidden of De Kalb, IL, started commercial production
of barbed wire. The barbs were cut from sheet metal and were
inserted between two twisted wires.
This invention supposedly not only enhanced the raising of cattle,
but eventually ended the feuding between cowboys and farmers by the
end of the century.
1897—The first Library of Congress opened its doors.
http://memory.loc.gov/ammem/today/nov01.html
1910-W.E.B.
DuBois, activist, begins publication of the NAACP monthly
magazine “Crisis.”
1913-In the first football game between two emerging gridiron powers, Notre Dame upset Army, 35-13, surprising the Cadets with an unprecedented barrage of forward passes. Quarterback Gus Dorais completed 140 of 17 passages for 243 yards. His frequent target was end Knute Rockne.
1913-In the first football game between two emerging gridiron powers, Notre Dame upset Army 35-13, surprising the Cadets with an unprecedented barrage of forward passes. Quarterback Gus Dorais completed 14 of 17 passes for 243 years. He frequent target was end Knute Rockne.
1919-Birthday
of Louis Lorillard, founder of the Newport Jazz Festival, Newport, Rhode
Island.
1926-Birthday
of pianist Consuela Moorehead, Tallahasse, FL
1926—Birthday of Alto Sax Player Lou Donaldson
http://www.blacksuccessfoundation.org/lou_donaldson.htm
http://www.members.tripod.com/~hardbop/loudon.html
1938-In a special match race at Pimlico, Seabiscutit, ridden by George Wolff, defeated favored War Admiral before a crowd of 40,000. Seabiscuit captured the winner-take-all purse of $15,000.
1939-Birhday of pianist Roger Kellaway, Newton,MA
1940- Stan Kenton records his first sides with eight-piece band, at a Hollywood music store ( Reed Rapture, ‘Etude for Saxophones).
1943-The U.S. Marines invaded Bougainville, the largest of the Solomon Islands. The attack, called Operation Goodtime, was part of a larger Allied plan (Operation Cartwheel) to wipe out Rabaul, the mammoth Japanese base on the eastern end of New Britain Island. Bougainville was 200 miles away from Rabaul, close enough to provide fighter escorts for Rabaul-bound bombers. When the 1st Marine Amphibious Corps, commanded by General Alexander A. Vandegrifft, landed on Bougainville's western coast, they faced heavy Japanese artillery. Resistance dwindled quickly, though, and by nightfall about 14,000 Marines and 6,200 tons of supplies were ashore. The next night, after a day of wading through swamps, U.S. Marines faced Japanese counter-invaders from the then-vacant beachhead. The 475 Japanese soldiers were completely wiped out. Among the participants in Operation Goodtime was a young John Fitzgerald Kennedy. Lieutenant Kennedy commanded a PT boat sent in to rescue members of a Marine patrol trapped on a Bougainville river bank. Lieutenant Orville Freeman, Kennedy's future secretary of agriculture, was also wounded.
1944
- The whimsical tale about an invisible rabbit named "Harvey"
opened in New York City. One year later, the play by Mary Chase won
the Pulitzer Prize for Drama. Movie fans remember the classic film,
starring Jimmy Stewart in one of his most famous rol1es.
1945-John H. Johnson publishes the first issue of Ebony Magazine.
1945-Stan Kenton with his future wife June Christy records “Shoo Fly Pie ( and Apple Pan Dowdy).
1947 - The famous racehorse, Man o’ War, died. His funeral was attended by over 2,500 people. Man o’ War was so famous that, while a stud in retirement, his guest book listed over 2,000,000 names!
1947 - Eddy Arnold began a 21-week run at #1 on U.S. country music charts with "I’ll Hold You in My Heart (Till I Can Hold You in My Arms)". It was the biggest hit of Arnold’s illustrious career.
1950 - Two Puerto Rican nationalists attempted to assassinate President Harry S Truman at Blair House, Washington, DC (where the Truman’s were living during a three-year renovation of the White House). One of the gunman and one White House policemen were killed. Truman, who had avoided an attempt on his life from the right-wing Israeli Stern Gang a few years earlier, escaped unscathed. In the autumn of 1950, the White House was being renovated and President Truman and his family were living in the nearby Blair House on Pennsylvania Avenue. On the afternoon of November 1, Truman and his wife were upstairs when they heard a commotion on the front steps of the house. Alerted by the sound of gunshots, Bess Truman glanced out the window and exclaimed, "Harry, someone's shooting our policemen!” Indeed, the pair of would-be assassins (Massac Griselio Torresola and Oscar Collazo)had strolled up to the front door of Blair House and opened fire. They never made it past the entry steps, however, due to the quick reaction of police officers and guards. Secret Service Agent Leslie Coffelt was mortally wounded in the ensuing melee, but not before he managed to kill Torresola. Collazo later revealed to police just how poorly planned the assassination attempt was: the assailants were unsure if Truman would even be in the house when they launched their attack at 2 o'clock in the afternoon. Torresola and Collazo were political activists and members of the extremist Puerto Rican Nationalist Party, a group fighting for full independence from the United States. The "Independistas," as they were commonly called, targeted Truman despite his support of greater Puerto Rican autonomy. Apparently unfazed by the attempt on his life, Truman kept his scheduled appointments for the day. "A President has to expect these things," he remarked dryly. Oscar Collazo was sentenced to death, but in an admirable act of forgiveness on July 24, 1952, Truman commuted the sentence to life imprisonment.
1948---Top
Hits
A Tree in the Meadow - Margaret Whiting
Buttons and Bows - Dinah Shore
Hair of Gold, Eyes of Blue - Gordon MacRae
Just a Little Lovin’ (Will Go a Long, Long Way) - Eddy Arnold
1952-Birthday of guitarist Lee Ritenour, Hollywood, CA
http://www.leeritenour.net/servlet/RitServer?width=1024&page=Main
1956---Top
Hits
Love Me Tender - Elvis Presley
The Green Door - Jim Lowe
Blueberry Hill - Fats Domino
Hound Dog/Don’t Be Cruel - Elvis Presley
1957 - The Mackinac Straits Bridge, between Michigan’s upper and lower peninsulas, opened to traffic. At the time, it was the world’s longest suspension bridge -- and is still in the top ten -- at five miles long, with a main span of 3,800 feet/1,158 meters.
1959- tired of stopping hockey pucks with his face, Montreal Canadians goalie Jacques Plante, having received another wound, reemerged from the locker room with seven new stitches—and a plastic face mask he had made from fiberglass and . Although Cliff Benedict had tried a leather mask back in the ‘20s, the idea didn’t catch on but after Plante wore his, goalies throughout the NHL began wearing protective plastic face shields. Plante is credited with inventing the Hockey mask.
1964---Top
Hits
Baby Love - The Supremes
Last Kiss - J. Frank Wilson & The Cavaliers
Let It Be Me - Betty Everett & Jerry Butler
I Don’t Care (Just as Long as You Love Me) - Buck Owens
1966- the National Football League awarded a franchise to New Orleans. The team, nicknamed the Saints, began play in 1967 but did not finish a season at .500 until 1979.
1966 - Santa Anna winds fanned fires, and brought record November heat to parts of coastal California. November records included 86 degrees at San Francisco, 97 degrees at San Diego, and 101 degrees at the International airport in Los Angeles. Fires claimed the lives of at least sixteen firefighters
1966-On
All Saints Dayk, the National Football League awarded a franchise to
New Orleans. The team, nicknamed the Saints, began play in 1967 but
did not finish a season at .500 until 1979.
1969-The forerunner of the Internet began when Bolt, Beranek and Newman
(BBN), a small consulting firm in Cambridge, Massachusetts, delivered
an Interface Message Processor (IMP) to the University of California
at Santa Barbara . IMP connected UCSB to UCLA, the Stanford Research
Institute, and the University of Utah, forming the first links in the
fledgling ARPANET, precursor to the Internet. ARPANET, conceived by
the Pentagon's Advanced Research Projects Agency (ARPA), was designed
to provide a communications network that did not depend on a single
hub to transmit messages. ARPANET evolved into the Internet in the early
1970s, when Dr. Vinton Cerf and Robert Kahn were commissioned by the
federal government to extend the network for military, government, and
academic use.
1969 - "Abbey Road", by The Beatles, was #1 on U.S. album charts. Although "Let It Be" was the last Beatles album of new material to be released, "Abbey Road" was, in fact, the last album The Beatles recorded. The album, number one for eleven weeks, consisted of: "Come Together", "Something", "Maxwell’s Silver Hammer", "Oh! Darling", "Octopus’s Garden", "I Want You (She's So Heavy)", "Here Comes the Sun", "Because", "You Never Give Me Your Money". "Sun King", "Mean Mr. Mustard", "Polythene Pam", "She Came in Through the Bathroom Window", "Golden Slumbers", "Carry That Weight", "The End", "Her Majesty".
1971 - The first Eisenhower dollar coins were put into circulation by the U.S. Mint. The coins were minted from 1971 to 1978.
1972-----Top
Hits
My Ding-A-Ling - Chuck Berry
Burning Love - Elvis Presley
Nights in White Satin - The Moody Blues
Funny Face - Donna Fargo
1975 - Elton John’s "Island Girl" hit number one on the "Billboard Hot 100" chart. The song parked itself at the top of the hit heap for 3 weeks.
1975- Sony Corporation of Japan started selling in the United Sates a video cassette recorder for home use, the “Betamax.” It was built into a console that also contained a Sony color television set. The tape was contained in a plastic cassette to make it easy to handle. Sony had marketed the first open-reel video tape recorder for home use, the TCV-2010, beginning in 1966, which was designed to be used with a separate video recorder and separate microphone to record sound.
1979 -Edward Bennett Williams buys the Orioles for a reported $12.3 million from Jerold Hoffberger.
1980---Top
Hits
Woman in Love - Barbra Streisand
He’s So Shy - Pointer Sisters
Real Love - The Doobie Brothers
Theme from The Dukes of Hazzard (Good Ol’ Boys) - Waylon Jennings
1983- IBM introduced its long-awaited home computer, the PC Jr., starting
at $669. The PC Jr. was doomed to a short life: the company discontinued
the model in March 1985. They had chosen another operating system,
including what Bill Gates was to purchase the rights to that began the
Microsoft corporation.
1985 - Microsoft released Windows 1.01 (on five 360kb 5.25 inch floppy disks). It ran on MS-DOS v5.0 (called MS-DOS Executive in Windows).
1985-The birth of AOL: Q-Link, a proprietary online service for users of Commodore's Amiga computers, launched on this day in 1985. A newly-formed company called Quantum Computer Services, run by twenty-six-year-old Steve Case, created the service. Q-Link offered news, soap opera updates, games, and chat for $9.95 per month. Quantum later created an online system for Apple, called Applelink. When Apple abandoned the system in October 1989, Quantum decided to run the system itself under the name America Online.
1986 - Boston’s "Third Stage" album hit the big time this day as it became the number one album in the U.S. Memorable (and not so memorable) tracks on the album: "Amanda", "We’re Ready", "The Launch", "Cool the Engines", "My Destination", "A New World", "To Be a Man", "I Think I Like It", "Can’tcha Say", "Still in Love" and "Hollyann".
1987 - Tom Watson won the first Nabisco Championship (later named the Tour Championship) of Golf by two strokes over Chip Beck. Watson scooped up $384,000 in prize money -- the biggest payoff in golf to that day.
1988---Top
Hits
Groovy Kind of Love - Phil Collins
Kokomo - The Beach Boys
Wild, Wild West - The Escape Club
Gonna Take a Lot of River - The Oak Ridge Boys
1988 - Low pressure brought gales and locally heavy rain to the northeastern U.S. The rainfall total of 1.46 inches at Newark NJ was a record for the date. New York City was soaked with more than two inches of rain.
1993 -a series of storms dumps heavy snows over the Ohio Valley and the northeast. 10.3 inches fell at Mansfield, OH, the greatest so early in the season
1994 - The Chicago Bulls retired Michael Jordan’s uniform (No. 23) and put it on display at the United Center.
1998 - Steve Young and Jerry Rice connected for their 80th career touchdown. That TD broke an NFL record, previously held by the Miami duo of Dan Marino and Mark Clayton.
2001-- The first major league game ever started in the month of November is a memorable one as the Yankees, for the second consecutive night, make a dramatic comeback in the bottom of the ninth to tie the game and go on to victory in extra innings. Tonight's heroes are Scot Brosius, who hits a game-tying two out two-run homer to knot the game at 2-2, and Alfonso Soriano, who singles in Chuck Knoblach in the 12th giving the Yankees a 3-2 victory and 3-2 lead in the Series over the Diamondbacks.
American Football Poem
If
by Rudyard Kipling
If
you can keep your head when all about you
Are losing theirs and blaming it
on you,
If you can trust yourself when all men doubt you,
But
make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or
being lied about, don't deal in lies,
Or being hated don't give way to hating,
And
yet don't look too good, nor talk too wise:
If you can dream—and not make dreams your master;
If
you can think—and not make thoughts your aim;
If you can meet with Triumph and Disaster
And
treat those two impostors just the same;
If you can bear to hear the truth you've spoken
Twisted
by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And
stoop and build 'em up with worn-out tools:
If you can make one heap of all your winnings
And
risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And
never breathe a word about your loss;
If you can force your heart and nerve and sinew
To
serve your turn long after they are gone,
And so hold on when there is nothing in you
Except
the Will which says to them: "Hold on!"
If you can talk with crowds and keep your virtue,
Or
walk with Kings—nor lose the common touch,
If neither foes nor loving friends can hurt you,
If
all men count with you, but none too much;
If you can fill the unforgiving minute
With
sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And—which
is more—you'll be a Man, my son!
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