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Leasing News is a web site that posts information, news, and
entertainment for the commercial bank, finance and leasing industry

Wednesday, October 8, 2014

Today's Equipment Leasing Headlines

Archives---October 8, 2006
  Jimmy Frank Joins Sterling Savings Bank
    Classified Ads---Credit
Marlin Files Amendment to Wells Fargo Loan
Reaction to Wheeler 2014 Broker Survey
  By Christopher Menkin
No Longer taking Broker/Discounting Business
  plus Leasing Companies Out of Business
Leasing Industry Ads---Help Wanted
    One Size Does Not Fit All in Trying to Make a
Contract Define What a Commercially Reasonable Sale
 Is Regarding a Sale of Repossessed Equipment
      By Tom McCurnin, Leasing News Legal Editor
Check-in for community banks below $500M in assets
  By Robin Majumdar, SNL Financial Feature
     Channel Partners--Top 5 Industries Funded
Comcast home invasion lawsuit exposes risks
 for home automation, security service providers
      Holiday Retail Planner
Geller Reports Confidence Up, Best in 6 Years
   Bob Neptune to Receive AGLF Leasing Award
Comdata SmartSight Wins CSP 2014 Retailer Choice Best
   New Product Contest in the Technology-Hardware Category
IRS Grants Tax Relief to Drought-Stricken Farmers
    and Ranchers in 30 States
Border Collie/Labrador Retriever
Willamette, Oregon  Adopt a Dog
  Attorneys Who Specialize in Banking, Finance, and Leasing
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VA Fires Four Senor Executives
 Ex-bank manager accused of embezzling $5.2 million
  Yahoo under fire as Marissa Mayer faces critical moment
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    An Android Phone Can be Encrypted, Requiring a Password

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Archives--October 8, 2006
Jimmy Frank Joins Sterling Savings Bank

Long time leasing collector and credit analyst Jimmy Frank has joined Sterling Savings Bank in Portland, Oregon.

"I know you have really helped me with the exposure I got in the past from Leasing News…and you can quote me on that!" he told us after letting us know where he had landed.

"I worked with Jim Merrilees at Pitney Bowes Credit Corporation in Torrance, CA, prior to Colonial Pacific Leasing Corporation (CPLC.) Jim was the one who brought me up to CPLC from Southern California back in 1987 where I started at CPLC as a Region Collection Supervisor. I have a lot of gratitude towards Jim Merrilees...”

At CPLC "...I worked in the application only arena with the super brokers under the good old days of Randy Ernst and Jim Merrilees."

Jimmy Frank was Credit Analyst at Colonial Pacific Leasing from 1990 to 1999.

Credit Analyst at Advanta Leasing and Textron Financial Corporation from 1999 to 2001.

Credit Analyst and Manager of Broker Services at Allco Leasing & Financial Services from 2001 to 2004.

"I was hired as a Credit Analyst at Sterling Savings Bank in October of 2005 and recently promoted to a Business Banker at Portland Business Banking in October of 2006."


Jimmy Frank
Commercial Loan Officer
Citizens Bank
Oregon City, OR 97045

"I specialize in commercial lending in the Oregon City, Portland, Oregon and the greater Clackamas County area:

"Commercial real estate loans, both owner occupied and Investment.

"Commercial & Industrial loans, which include
 business revolving line of credits."


Classified Ads---Credit

(These ads are “free” to those seeking employment
or looking to improve their position)

Credit, syndication, workout experience
Exceptional work ethic, common sense coupled with practical experience in equipment finance, consumer, commercial. Can interact with all levels of borrowers and intermediaries. Not an originator – but can help sales team close – great up sell ability. Will relocate for the right opportunity AND can work

Orlando, Florida
As a Commercial Credit Analyst/Underwriter, I have evaluated transactions from sole proprietorships to listed companies, across a broad spectrum of industries, embracing a multitude of asset types. Sound understanding of balance sheet, income statement and cash flow dynamics which impact credit decisions. Strong appreciation for credit/asset risk.
407 430-3917

Free Posting for those seeking employment in Leasing:

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Marlin Files Amendment to Wells Fargo Loan

Marlin Business Services, as Marlin Receivables Corp has filed notice that it has amended its $75,000,000 loan facility with Wells Fargo Capital Finance, LLC (formerly known as Wells Fargo Foothill, LLC), changing the maturity date of the facility from October 9, 2014 to January 7, 2015.  Speculation is they are renegotiating their facility and have not yet finalized it, thus the extension.


End-of-day Price ($): 17.38
Change ($): -0.29
Change (%): -1.64
One Day Volume: 33,799
Day's High ($): 17.68
Day's Low ($): 17.34
Previous Close ($): 17.67
Exchange: NASDAQ 

Marlin-Wells Fargo Amendment

Marlin Articles: 



Reaction to Wheeler 2014 Broker Survey
By Christopher Menkin

Lessors and Funders, off the record, told Leasing News they were not surprised by the September, 2014 Broker Survey by Wheeler Business Consulting.* From a sampling of 125, the numbers compute to 42 respondents who do over $10 million a year in originations, and in that number, ten do over $50 million in originations; 43 do less than $5 million, and 30 fall in the $5 million to $10 million category.  Most are single person operations.

In discussions with the Lessors and Funders, it was noted that more leasing companies are now part of a bank, realizing a lower cost of funds and other aspects a bank can bring. The number of those seeking broker business continues to diminish. This reflects to leasing associations with less and less broker members, as well as many companies continuing not to do business with third party originators, including not taking on any new brokers. Leasing News was told come the first of the year, there will be fewer seeking new broker business.

Perhaps the trend started with the downturn of the economy where many left the industry to become bankers, insurance agents, and work for companies that provide a steady salary, paid vacations, health benefits, and as many were getting older, the retirement plans and other attributes became much more attractive.

Certainly the technology made back room operations more efficient. Coincidentally, marketing and sales also changed where larger companies could lead, not follow. The smaller operation where they  who could use their computers to type contracts, store forms, fund transactions, use Act, CapitalStream, Goldmine, SalesForce, System 1, at one time could act as if they were a large company, but technology grew more sophisticated, more expensive, requiring IT experts, as well as the source market was drying up.

At the same time, the lessors and funders  were working efficiently and became much more competitive than a small office. They not only improved their vendor business, but direct business as well.  Thus the lone broker became more like a cowboy on a horse going against fast moving vehicles, Avant-garde software programs, and basically were pushed into business loans and advance cash sales to survive as banks had abandoned the micro lending marketplace.

Those relying on brokers were also doing more business directly with from lessees, and from vendors and dealers. Additionally they are doing more repeat business as the economy has presented more growth opportunities to these existing customers. Many fell into niche markets that they understood and where they could excel. They also found the money was in the repeat business.

The other trend has been banks buying leasing companies, and the leasing companies then getting a lower cost of funds, rather than having to expend time hunting lines of credit, etc.

This then left third party originations as a “specialty.” The National Association of Equipment Leasing Brokers began work on a Leasing School three and a half years ago, realizing that education was the most important part of becoming a successful broker. The first class will be held November 2 to 6 in Irvine, California. Then those attending will assigned a mentor and be invited as guests to the NAELB Western Conference being held at the same location on Friday and Saturday.  The number attending NAELB School is not known at this time, but Leasing News was told one of the students who has sent in their tuition fee is from Guatemala.

* September 2014 Broker Survey Results
  Wheeler Business Consulting



No Longer taking Broker/Discounting Business
plus Leasing Companies Out of Business

Companies with an * are no longer in business. The others are companies that were taking broker business, but announced that they no longer are accepting broker business. Many have also down-sized or are managing an existing portfolio.

More details are available in this list by company name:

*ABCO Leasing Inc., Bothell, WA
*ACC Capital, Midvale, Utah (lenders running off portfolio residuals, Leasing News receiving Evergreen non-notification complaints, demanding 12 more monthly payments)
Advantage Business Capital, Lake Oswego, Oregon
AEL Financial, Buffalo Grove, Illinois
(No longer taking new broker business) 
Alliance Financial, Syracuse, New York
*Alternative Capital, Apollo Beach, Florida 
*AMC Funding, Charlotte, North Carolina
American Bank Leasing, Alpharetta, Georgia
*American Equipment Finance, Warren, New Jersey
Balboa Capital, Irvine, Ca
Bank of the West Leasing Indirect, San Ramon, California
    (Require high volume, successful brokers only) 
*Bank Midwest Leasing, Overland Park, KS 
Bankers Healthcare Group, Weston, FL
*Blackstone Equipment Financing, Orange, California 
*CapitalSource Healthcare Finance, Chevy Chase, Maryland
*CapNet, Los Angeles, California
*C and J Leasing Corp, Des Moines, Iowa
*Carlton Financial Corporation, Wayzata, Minnesota
*Chase Industries, Inc., Grand Rapids, Michigan 
*Chesterfield Financial, Chesterfield, Missouri
CHG-MERIDIAN U.S. Finance, Ltd, Woodland Hills, CA
(Sales Management focuses very selectively on certain brokers.) 
*Churchill Group/Churchill Leasing, Jericho, NY
CIT Group (limited)
Columbia Bank Leasing, Tacoma, WA
*Columbia Equipment Finance, Danville, California 
Commercial Equipment Lease, Eugene, Oregon 
Concord Financial Services, Long Beach, California
*Court Square, Malvern, Pennsylvania
*Creative Capital Leasing Group, LLC, San Diego, CA
Crossroads Equipment Lease & Finance, Rancho Cucamonga, Ca 
Direct Capital, Portsmouth, New Hampshire
Diversified Financial Service, Omaha, NE
Dolsen Leasing, Bellevue/Yakima, Washington
Equipment Finance Partners, a division of Altec, Birmingham, Alabama 
Evans National Leasing, Inc., Hamburg, NY
Enterprise Funding, Grand Rapids, Michigan
* Evergreen Leasing, South Elgin, Illinois
*Excel Financial Leasing, Lubbock Texas
*First Corp.(IFC subsidiary), Morton Grove, Illinois
First Federal Financial Services, Inc., Menomonee Falls, Wisconsin
First Republic Bank, San Francisco, CA
Frontier Capital, Teaneck New Jersey 
*GCR Capital, Safety Harbor, Florida 
GE Capital, Conn (limited)
Global Funding LLC., Clearwater, FL
*Greystone, Burlington, MA
*Heritage Pacific Leasing, Fresno, CA
*Hillcrest Bank Leasing, Overland Park, KS (Parent bank sold)
Huntington Equipment Finance, Vendor Finance Group, Bellevue, Washington
*IFC Credit Corp., Morton Grove, Illinois
Irwin Financial (Irwin Union Bank), Columbus, Indiana 
Irwin Union Bank, F.S.B. (Louisville, Kentucky)
Lakeland Bank, Montville, NJ
LaSalle Systems Leasing
*Latitude Equipment Leasing, Marlton, New Jersey 
*Leaf Specialty Finance, Columbia, South Carolina
*LEAF Third Party Funding, Santa Barbara, Ca.
Lombard, part of Royal Bank of Scotland, worldwide
Marlin Business Services, Mount Laurel, NJ (accepting no new brokers, they may have opened for a select fee, but no more at this time, they say.)
M&T Credit (Bank)
*MericapCredit, Lisle, Illinois
*Meridian Healthcare Finance, San Diego, California 
Merrill Lynch Financial
Midwest Leasing Group, Livonia, Minnesota
National City, Cleveland, Ohio
*Navigator (Pentech subsidiary) San Diego, California
OFC Capital, Roswell, Georgia
Old National Bank, Evansville, Illinois
Pentech Financial, Campbell, CA
*PFF Bancorp, Inc, Pomona, CA
Pinnacle Business Finance, Fife, Washington
*Pioneer Capital Corporation, Addison, Texas
PredictiFund, a subsidiary of Capital Access Network, Inc
Popular Finance, St. Louis, Missouri
Puget Sound Leasing, Seattle, Washington 
Radiance-Capital, Tacoma, WA
Rational Technology Solutions, Rolling Meadows, IL
*Reliant National Finance, Jacksonville, Florida
Sandy Springs, Olney, MD
* Securities Equipment Lsg. (SEL, Inc.), Glendora, CA 
Sovereign Bank, Melville, New York
Specialty Funding, Albuquerque, NM
*Studebaker-Worthington Leasing, Corp., Jerico, NY
(part of sale from Main Street Bank to Ascentium Capital) 
Sun Trust Equipment Finance & Leasing, Baltimore, Maryland 
*SunBridge Capital, Mission, Kansas
Suncoast Equipment Funding Corp., Tampa, Florida
TCF Equipment Finance, Minnetonka, Minnesota 
TechLease, Morgan Hill, California
*Tennessee Commerce Bank, Franklin, Tennessee 
Textron Financial
*Triad Leasing & Financial, Inc., Boise, Idaho
*TriStar Capital, Santa Ana, California 
*Union Capital Partners, Midvale, Utah
US Bank, Manifest Funding, Marshall, Minnesota
(new requirement: large yearly funding) 
US Bank, Middle-Market, Portland, Oregon 
Velocity Financial Group, Rosemont, Illinois
VenCore, Portland, Oregon (former company Len Ludwig)
*Vision Capital, San Diego, California
Wachovia Bank Leasing
*Washington Mutual Financial
Western Bank, Devils Lake, ND
*Westover Financial, Inc., Santa Ana, California

(Note: Should a company policy have changed, please contact

Funders looking for new Brokers:


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



Leasing Industry Help Wanted


Collector, Atlanta, GA

Experienced, calling 11-90 day delinquent customers, assisting Asset Re-marketer with delinquency reporting, weekly reporting to home office.

Sales, Chicago, Atlanta

Work out of main office and satellite. Heavy phone sales calling on both independent dealers and end users (cold/warm calling), marketing, weekly reporting to management. Outside territorial salespeople will also be considered.

Contact: Michael Testa 312-881-3133
Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage & Classic Automobiles, Taxi, Livery & Paratransit




One Size Does Not Fit All in Trying to Make a
Contract Define What a Commercially Reasonable Sale Is
Regarding a Sale of Repossessed Equipment

By Tom McCurnin
Leasing News Legal Editor

The Best a Secured Party Can Do is to be Specific in the Procedure When Trying to Define if the Intended Sales is Commercially Reasonably.

In re Walter B. Scott & Sons, Inc., 436 B.R. 582 (Bkrtcy.D.Idaho,2010)

Ever since I can remember, secured creditors have tried to define what a commercially reasonable sale is, so as to alter their duties under the Code.  The point of this case, and others, is that one may not define what a commercially reasonable sale is. So when a lessor repossess, this case is of significance.

I’m often asked to draft a security agreement or custom lease with a provision in the contract that deems a proposed sale as being commercially reasonable. 

Here, the lessor, Financial Federal, had the following clauses in its lease:

  • Debtor agrees that any public or private sale shall be deemed commercially reasonable.
  • If notice of any such sale is mailed to the Debtor at the address for the Debtor specified here at least ten (10) days prior to the date of any public sale or after which any private sale will occur.
  • If notice of any public sale is published in a newspaper of general circulation in the county where the sale will occur at least once within the ten (10) days prior to the sale.
  • Whether the items are sold in bulk, singly, or in such lots at the Secured Party may elect.
  • Whether or not Secured Party refurbishes, repairs or prepares the items for sale.  Secured Party may be the purchaser at any public sale.

The first clause deals with notification to the Debtor, not whether or not the sale is commercially reasonable. This clause belongs in a separate paragraph.  See Uniform Commercial Code § 9-611 through 9-614. 

The last three clauses state what a secured party may do in conducting the sale, not what it must do. In fact, they are confusing in that regard, as to whether they set a floor to the minimum conduct of the secured creditor in the sale. They serve little purpose, in my judgment.

Only the second clause really deals with a commercially reasonable sale, but all it really does is specify how advertising is to be addressed, but without mentioning the word “advertising.” The Code states that all aspects of the sale, including method, manner, time, place and other terms of the sale must be commercially reasonable. So this clause addressing the form of publication really doesn’t advance the ball either. 

The Court concluded that the clause dealing with publication, if offered to establish the level of advertising required in the sale, was commercially unreasonable and should not be enforced. What is interesting, is that the identical clause, used by a the same lessor was upheld in a Texas Court in the case of Financial Federal v Hartman 2010 WL 4918980 (2010).  

So what can a secured creditor do to establish what a commercially reasonable sale might be?

First, the agreed upon conduct by the secured party should be drafted so as to create a safe harbor, so even if the creditor does something different, the failure to strictly abide by the terms of the security could not be used against the creditor.  One example of how a creditor got tripped up on his own net is Commercial Credit Group v Barber, 682 S.E.2d 760 (N.C. Ct. App. 2009) where the lessor used CCG’s own clause against it, because CCG had not complied with its own clause.

Because the factors which go into defining what a commercially reasonable sale are so diverse, it is nearly impossible to reach a contractual conclusion.  Instead, the secured creditor should pick off some of the elements of a commercially reasonable sale, such as the disposition method (public or private), whether repair of the collateral should be undertaken, and the warranties the secured creditor may give in disposing of the equipment. In fact, it is probably better to define what conduct is not commercially reasonable. This should be done with an eye on what the collateral is and there may not be a “one size fits all” solution in a single lease.

Let us say, by way of example, the lessor has purchased the equipment from the manufacturer and is obligated under a recourse agreement or re-marketing agreement to allow the manufacturer to take possession and re-sell the equipment. If that is the case, the clause should probably read that “The parties agree that it is not commercially unreasonable to allow the lessor, after taking possession of the equipment, after default, to turn over the equipment to the original vendor of the equipment for eventual re-sale.”  Now, that clause clearly establishes that giving back the collateral to the vendor is not commercially unreasonable. Problem partially solved.  However, the lessor would have to monitor the vendor to insure the vendor is, in fact, conducting a commercially reasonable sale, which assumes that even after the re-marketing or recourse agreement, the lessor still has skin in the game.

The bottom line is that drafting a lease or security agreement is not an easy project and depends on the nature of the equipment and the proposed re-sale avenues contemplated by the parties. As the Financial Federal case demonstrates, it is not as easy as it sounds. 

“One Size does Not Fit All.”

Walter Scott Case

Tom McCurnin is a partner at Barton, Klugman & Oetting
in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Visit our web site at
Previous Tom McCurnin Articles:

Previous Tom McCurnin Articles:



Check-in for community banks below $500M in assets
By Robin Majumdar

SNL Financial Feature

SNL's top-ranked community banks with less than $500 million in assets faced some struggles during the first half of 2014, as profitability declined and loan growth deteriorated for the majority of institutions on SNL's list.

Of the top 100 banks in SNL's 2013 ranking, 47 saw their adjusted Texas ratios improve, and 45 saw deterioration during the first six months of 2014. This was in contrast to SNL's list of top-performing community banks with between $500 million and $5 billion in total assets, where 69 institutions showed an improvement and 30 showed a decline during the same timeframe. One company among the top 100 with less than $500 million in assets, CapStone Bank, was acquired by NewBridge Bancorp in April.

Peoples Bank Midwest had the highest adjusted Texas ratio among the top community banks below $500 million in assets, at 23.18% at June 30. This marked an improvement from year-end 2013, when the bank's adjusted Texas ratio was 27.41%.

The bank also had the highest ratio of nonperforming assets to total assets among SNL's top-ranked banks, at 4.53% at the end of the second quarter. This was significantly lower than the 10.16% Peoples Bank Midwest reported in the second quarter of 2012. NOA Bank had the second-highest ratio of NPAs to total assets, at 1.98% at June 30.

For many of the top-ranked banks, asset quality has continued to strengthen since 2013. The ratio of net charge-offs to average loans improved during the first half of 2014 for 51 of the banks in SNL's ranking.

Meanwhile, many banks on the list contended with the same margin pressures that much of the banking industry is facing. Net interest margins declined for 75 of the community banks ranked in the top 100 during the first half of 2014.

Loan growth, too, proved challenging for some. Only 36 bank banks on SNL's top 100 saw loan growth improve during the first six months of the year. Greenville, Mo.-based Peoples Community Bank saw the highest loan growth at 150.68% through the first half of 2014, but that spike was largely due to a merger. Peoples Community Bank and Peoples Community State Bank had common ownership and merged. This structural change was reflected in Peoples Community Bank's financials, with loan growth climbing to $211.79 million for the second quarter of 2014 from $120.79 million at the end of 2013.

San Juan Capistrano, Calif.-based Capital Bank came in third place in SNL's 2013 ranking of community banks under $500 million, and was the best-performing bank that was publicly traded.

Note: For this ranking, SNL looked at commercial banks with less than $500 million in assets, 60 or fewer offices, and loan portfolios greater than one-third of total assets. Additionally, the banks' loan portfolios had to consist of less than 50% credit card loans, and no more than half of the banks' revenue could be from nontraditional banking activities. Companies with a parent with more than $500 million in assets were also excluded, except for those whose parents grew to more than $500 million in 2013 but have not yet filed on a consolidated basis. Moreover, banks had to be well-capitalized according to regulatory standards. Companies meeting these criteria received scores based on their rank in each of six metrics: pretax return on average tangible assets, net charge-offs as a percent of average loans, efficiency ratio, adjusted Texas ratio, net interest margin and loan growth.


Mr. Terry Winders available as a consultant regarding assisting attorneys in resolving disputes or explaining procedures or reviewing documents as utilized in the finance and leasing industry.

He is the author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale.


(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)




Comcast home invasion lawsuit exposes risks
for home automation, security service providers
By Daniel Frankel,

Exposing the possible liability risks for providers of home automation and security services, Comcast (NASDAQ: CMCSA) is being sued by a Kirkland, Wash., family following a grisly home-invasion incident last year.

Leena Rawat said the Comcast security system installed in her Kirkland home didn't do what the cable company and its systems integrator, Pioneer Cable, promised it would do when two men, allegedly on a "thrill mission" of violence broke through a basement window in September 2013 and attacked her 18-year-old son, nearly killing him.

Rawat's lawyer concedes that Comcast waives such liability in its residential services contracts. But he will now test that clause in court. "If their argument is to be accepted, they could put in empty black boxes throughout the house and say, 'That's your system.' And then something goes wrong, and they say, 'We never promised you it would work,'" said plaintiff's attorney Ken Friedman, speaking to the local NBC affiliate.

Comcast responded with this statement: "We want to take this opportunity to extend our sympathies to the Rawat family. However, after a review of our records, we are confident that our home security system functioned properly."

As FierceCable noted in a 2013 feature story, Comcast has been the cable industry's leader as it goes after a home automation and security market worth as much as $13 billion.

Comcast is particularly bullish on the growth potential, with 41 percent of home automation/security subscribers being classified as new customers, and 64 percent of them ordering multiple services.

Of course, if that market were to suddenly be overrun with litigation and risks, the outlook could change significantly.


John Kenny Receivables Management

• End of Lease Negotiations & Enforcement
• Fraud Investigation
• Credit Investigations
• Asset Searches
• Skip-tracing
• Third-party Commercial Collections

The Solution to Your Credit & Accounts Receivable Needs 
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315-866-1167 |

(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)



Holiday Retail Planner

Daily calendar that highlights key shopping days
Key benchmarks from last holiday season
Plan Your Work Days Around the Retail Planner


Geller Reports Confidence Up, Best in 6 Years

Dan Geller, Ph.D.

Dr. Dan Geller, Behavioral Finance, reports, "For the first time in 6 years, the Money Anxiety Index at 69.2 dipped below the 50-year average of 70.7 signaling improving financial confidence.

He said, "The recent decline in the level of money anxiety among consumers is attributed mainly to the encouraging employment news. In September, employers added 248,000 non-farm jobs bringing the three-month average to 224,000. The improvement in employment also means a likely increase in consumption as a result of widening payroll. The timing of the projected increase in consumption in the 4th quarter is especially important to retailers that are gearing up for a stronger holiday season sales.

 The money anxiety Index was developed by Dr. Dan Geller, who is an expert in behavioral finance, and the author of the book Money Anxiety (


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

Bob Neptune to Receive AGLF Leasing Award

RENO, Nev., --The Association for Governmental Leasing & Finance (AGLF) will honor Bob Neptune, a director with The Alta Group, with the 2014 Jay Terry Lifetime Achievement Award to be presented Nov. 6 at its annual conference in Tucson, Az. The award recognizes individuals who have made a lasting impact in this equipment financing sector.

Bob Neptune
Leader of the Alta Group’s
Government Financing

Bob is among six other executives to receive the award during the association’s history for “contributions that are above and beyond the everyday and have had a long, lasting impact on the association and the industry.”

Founded in 1981, the AGLF is a nonprofit association whose membership is comprised of companies actively engaged in governmental and non-profit leasing and finance. The AGLF’s Jay Terry Award is not awarded every year, only when the association board determines there is a worthy recipient. The first award went to Jay Terry, a municipal bond lawyer who was one of the original founders of the association and its long-time general counsel.

This year marks Neptune’s thirty-second year of participation in the AGLF, including seven years on the board, in addition to chairing and speaking at AGLF conferences. He was instrumental in reinstituting the Annual Non-Appropriation Survey as an AGLF resource. Prior to his roles in the AGLF he chaired the Municipal Industry Committee of the AAEL, now the Equipment Leasing and Finance Association. In that capacity he was responsible for creating a non-appropriation survey for this trade group as well.

Neptune, the lead consultant on government finance for Alta’s global consultancy, has devoted more than 30 years of his 42-year career to the industry. He is considered a pioneer in capital formation and alternative funding for municipal leasing with the development and sale of the first AAA-rated insured municipal lease securitization. 

He founded and served as CEO for six government finance businesses for some of the industry’s leading financial services firms. Four of these businesses also entered federal leasing markets.

After earning a business degree and completing military service, Neptune began working in bank lending and operations before co-founding an equipment leasing company in Kansas City in 1979, where he began his work in government leasing.”

Joe O’Brien, chairman of the AGLF, who called Bob a valued colleague and friend, personally thanked him and said, “His dedication and innovative approach embodies the cornerstone of our industry.”

About The Alta Group

The Alta Group is the leading global consultancy dedicated exclusively to the business of equipment leasing and asset finance. Since 1992, Alta has represented equipment leasing and finance companies, financial institutions, manufacturers and service providers, offering management consulting and expertise in global market entry, vendor and captive finance, professional development, legal services, asset management, mergers and acquisitions, and application consulting. For information on the group’s services in the United States and Canada, Latin America, Europe, the Middle East and Africa, China, and Asia-Pacific, visit  


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

Comdata SmartSight Wins CSP 2014 Retailer Choice Best
New Product Contest in the Technology-Hardware Category

Brentwood, Tenn. – Comdata’s SmartSight, its fuel site controller system, was selected as the winner in CSP magazine’s 2014 Retailer Choice Best New Product Contest in the Technology-Hardware category. SmartSight was nominated by the publication for the award, and readers and convenience-store retailers voted for the nominees in their category.

Comdata, a leading provider of technology for the fuel industry, introduced its SmartSight equipment for unattended fueling sites last year. SmartSight processes diesel, gasoline and natural gas transactions from popular fleet, retail and proprietary fueling cards. The equipment allows fuel site owners to remain in communication with the fuel site. SmartSight provides the ability to monitor transaction data and pump controls in real time as well as manage site maintenance remotely through a robust Web portal, setting it apart from most other site controller systems.

As a leader in fleet and fuel merchant solutions with more than four decades of experience, Comdata provides tools and data to help customers drive successful business operations. Randy Morgan, executive vice president of fleet at Comdata, expressed his enthusiasm for being recognized as the winner in the Technology-Hardware category in CSP’s 2014 Retailer Choice Best New Product Contest.

Randy Morgan
Executive Vice President

“As a company, we are proud of our SmartSight system, and it is exciting that our team’s hard work has been acknowledged and voted by CSP readers and convenience-store retailers for such a prestigious award,” Morgan said. “We are honored that SmartSight has been recognized as one of the convenience retailing channel’s best new products of 2014. We strive to bring innovative products to the market that streamline business processes and provide real-time data insight.”

CSP award winners were selected by convenience-store retailers in the industry’s most significant new-product awards for 28 different categories from a pool of hundreds of products that were nominated. The contest included products released in the convenience-retailing format between Aug. 1, 2013, and July 31, 2014. Candidates were narrowed to a list of three in each category, chosen over the course of one month of online voting.

About Comdata
Comdata Inc. is a leading business‐to‐business provider of innovative electronic payment solutions. As an issuer and a processor, Comdata provides fleet and corporate payment solutions to over 20,000 customers. In 2013, Comdata managed over 625 million cards and processed over 1.4 billion transactions from over 48 countries and in 37 currencies. Founded in 1969 and headquartered in Brentwood, Tennessee with approximately 1,300 employees globally, Comdata enables over $54 billion in payment volume annually. For more information about Comdata solutions, call 1‐800‐266‐3282 or visit



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

IRS Grants Tax Relief to Drought-Stricken Farmers
and Ranchers in 30 States

If you’re a farmer or rancher and drought forced you to sell your livestock, special IRS tax relief may help you.

The IRS has extended the time to replace livestock that farmers were forced to sell due to drought. If you’re eligible, this may help you defer tax on any gains you received from the forced sales. The relief applies to all or part of 30 states affected by drought. Here are several points you should know about this relief:

  • If the drought caused you to sell more livestock than usual, you may be able to defer tax on the extra gains from those sales.
  • You generally must replace the livestock within a four-year period. The IRS has the authority to extend the period if the drought continues. For this reason, the IRS has added one more year to the replacement period in 30 states.
  • The one-year extension of time generally applies to certain sales due to drought.
  • If you are eligible, your gains on sales of livestock that you held for draft, dairy or breeding purposes apply.
  • Sales of other livestock, such as those you raised for slaughter or held for sporting purposes and poultry, are not eligible.
  • The IRS relief applies to farms in areas suffering exceptional, extreme or severe drought conditions. The National Drought Mitigation Center has listed all or parts of 30 states that qualify for relief. Any county that is contiguous to a county that is on the NDMC’s list also qualifies.
  • This extension immediately impacts drought sales that occurred during 2010.

However, the IRS has granted previous extensions that affect some of these localities. This means that some drought sales before 2010 are also affected. The IRS will grant additional extensions if severe drought conditions persist.

Get more on this relief in Notice 2014-60 on This includes a list of states and counties where the IRS relief applies. For more on these tax rules see Publication 225, Farmer’s Tax Guide on You can get a copy of it by calling 800-TAX-FORM (800-829-3676)

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



Border Collie/Labrador Retriever
Willamette, Oregon  Adopt a Dog

Animal ID: 23970669
Breed: Border Collie/ Retriever, Labrador
Age: 3 years
Sex: Male
Weight       49 pounds
Primary Color: Black
Neutered: Yes
Adoption Fee: $175.00
Location: Adoption Dogs
Family Rating:     PG 10+
Housetrained: Unknown

"Hi, my name is Dillan. I am a sweet 49 pound, 3 year old Collie mix. I'm a shy yet charming canine who is searching for kind owners with relaxed a lifestyle and enough patience to guide me and help me come out of my shell. I'll need exercise on a daily basis to be on my best behavior. I love to go for walks around the neighborhood. I also love to go to the park to play and lay in the sun. I do tend to be wary of new people and I get anxious in new situations, especially when there's a lot of activity. So, a quieter home with adults and possible some older calmer kids would suit me best. Treat me sweet and I'll blossom. If you love me, but can't take me home, please ask the staff about sponsoring. It's always appreciated."

Contact Form:

Shelter Hours
Mon/Thu/Fri: 12p-7p
Sat/Sun: 12p-6p


Willamette Humane Society
4246 Turner Rd SE
Salem, OR 97317


Adopt a Pet



Attorneys Who Specialize in 
Banking, Finance, and Leasing

Birmingham, Alabama
The lawyers of Marks & Associates, P.C. have over 30 years experience in dealing with virtually every type of equipment financing and are recognized throughout the industry for prompt, practical solutions and exemplary service. They offer cost-conscious, effective lease enforcement and good counsel. 
California, National: city: Riverside 
Ellen Stern - get results, reasonable pricing; numerous industry contacts, nearly 30 yrs SoCal, 20 yrs equip.: CFL license specialist, documentation, work-outs, litigated collections, recoveries; deal-maker. 

Kenneth C. Greene

California & Nevada
Leasing and Financial consultant, active in several leasing
associations, as well as involved in music and film productioncin LA.  Mention "Leasing News" for a free consultation.
Skype: 424.235.1658
Connecticut, Southern New England: 
EVANS, FELDMAN & BOYER, LLC Collections, litigation, documentation, portfolio sales and financing, bankruptcy. We represent many of the national and local leasing companies doing business in this state. Past chairman EAEL legal committee. Competitive rates. 
Los Angeles/Santa Monica
Hemar & Associates, Attorneys at Law
Specialists in legal assistance, including debt collection, equipment recovery, litigation for 35 years. Fluent in Spanish. 
Tel: 310-829-1948 
Los Angeles, Southern CA 
Seasoned attorney representing secured creditors in auto finance and truck/equipment lease industry.  Bankruptcy and State Court litigation.   Vincent V. Frounjian (818) 990-0605or email:

Encino, California: Statewide “ELFA” 
Hemar, Rousso & Heald, LLP 30 yr excellent reputation Lessor representation commercial litigationdebt collection, and bankruptcy.
Call Stephen E. Jenkins Esq (818) 501-3800

Los Angeles, Statewide: CA.     "ELFA" Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly cbasis. 

Los Angeles, Statewide: CA      "ELFA"
Practice limited to collections, bankruptcy and problem accounts resolution. Decades of experience. 10-lawyer firm dedicated to serving you. Call Ronald Cohn, Esq. (818)591-2121 or email. Email:   

Los Angeles- Statewide, CA
Lawyer specializing in banking and leasing issues statewide. Documents and litigation. 
Tom McCurnin, Barton, Klugman & Oetting. Voice: (213) 617-6129 
Cell:(213) 268-8291
California & National
Paul Bent – More than 35 years experience in all forms of equipment leasing, secured lending, and asset based transactions. Financial analysis, deal structuring, contract negotiations, documentation, private dispute resolution, expert witness services. (562) 426-1000.

Trabaris, P.C.: Finance attorney with 24 years’ experience with transactional, documentation, secured financing and workouts/restructurings.  Kevin Trabaris.  Phone:  847-205-4377.

Law Firm - Service, Dallas, TX. "ELFA"
Mayer regularly practices in leasing, secured financing, project development and finance and corporate finance. 
Massachusetts (collection/litigation coast to coast) 
Modern Law Group focuses its practice on collections, lease enforcement and asset recovery. For the past five years, our attorneys have helped clients recover millions of dollars. We are able to cover your needs coast to coast.

Michael J. Witt, experienced bank, finance, and leasing attorney, also conducts Portfolio Audits. Previously he was Managing Counsel, Wells Fargo & Co. (May, 2003 – September, 2008); Senior Vice President & General Counsel, Advanta Business Services (May, 1988 – June, 1997) Tel: (515) 223-2352 Cell: (515) 868-1067

National:  The OMEGA Network Group-nationwide legal representation of small and mid ticket equipment lessors-flat fee bankruptcy & replevin, contingent collection, 
billable litigation (704-969-3280)

National: Coston & Rademacher: Business attorneys serving the lease-finance industry since 1980. Transactional, documentation, corporate/finance, workouts, litigation, bankruptcy, portfolio management. Chicago-based national practice. Jim Coston, CLP (Members: ELFA, NEFA). 

St. Louis County , MO. - statewide: 
Schultz & Associates LLP., collections, negotiation, and litigation. Also register and pursue recovery on foreign judgments. Contingency and reasonable hourly rates. 
Ronald J. Eisenberg, Esq.
(636) 537-4645 x108
NJ,De,Pa: Specializing in leased equipment/secured transactions. Collections, replevins/workouts reasonable rates. Sergio Scuteri/Capehart & Scratchard, /
New York and New Jersey
Peretore & Peretore, P.C. documentation, portfolio purchase & sale, replevin, workouts, litigation, collection, bankruptcy.  Aggressive. Over 25 years

Thousand Oaks, California: 
Statewide coverage Spiwak & Iezza, LLP 20+ years experience,Representing Lessors banks in both State/ Federal Courts/ all aspects of commercial leasing litigation.
Nick Iezza 805-777-1175


All "Outsourcing" Classified ads (advertisers are both requested
and responsible to keep their free ads up to date:

How to Post a free "Outsourcing" classified ad:



News Briefs----

VA Fires Four Senor Executives 

Ex-bank manager accused of embezzling $5.2 million

Yahoo under fire as Marissa Mayer faces critical moment

iPhone 6, iPhone 6 Plus Cases to Help You Beat the Bend 

An Android Phone Can be Encrypted, Requiring a Password


Collector, Atlanta, GA

Experienced, calling 11-90 day delinquent customers, assisting Asset Re-marketer with delinquency reporting, weekly reporting to home office.

Sales, Chicago, Atlanta

Work out of main office and satellite. Heavy phone sales calling on both independent dealers and end users (cold/warm calling), marketing, weekly reporting to management. Outside territorial salespeople will also be considered.

Contact: Michael Testa 312-881-3133
Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage & Classic Automobiles, Taxi, Livery & Paratransit




--You May Have Missed It

18 Surprising Things That Affect Whether You Get Hired


SparkPeople--Live Healthier and Longer

11 Healthy Fall Comfort Foods


Baseball Poem

(With apologies to Ernest Lawrence Thayer)

By Dick Flavin (all rights reserved)

The outlook wasn't brilliant for the Red Sox nine that day,
The score stood four to two with but one inning left to play.
So when Stephens died at first and Tebbetts did the same
A pallor wreathed the features of the patrons of the game.

A straggling few got up to go, leaving there the rest
With he hope that springs eternal within the human breast.
They thought if only Teddy could get a whack at that—
They'd put even money now with Teddy at the bat.

But Dom preceded Teddy and Pesky was on deck.
The first of them was in a slump. The other was a wreck.
So on that stricken multitude a deathlike silence sat,
For there seemed but little chance of Teddy's getting to the bat.

But Dom let drive a single, to the wonderment of all,
And Pesky, of all people, tore the cover off the ball.
When the dust had lifted, and they saw what had occurred,
There was Johnny safe on second and Dominic on third.

Then from that gladdened multitude went up a joyous yell,
It rumbled in the mountains and rattled in the dell.
It struck upon the hillside and rebounded on the flat,
For Teddy, Teddy Ballgame, was advancing to the bat.

There was ease in Teddy's manner as he stepped into his place,
There was pride in Teddy's bearing and a smile on Teddy's face.
And when, responding to the cheers he lightly doffed his hat,
(I'm making that part up)
No stranger in the crowd could doubt 'twas Teddy at the bat.

Ten thousand eyes were on him as he wiped his hands with dirt,
Five thousand tongues applauded as he wiped them on his shirt.
Then when the writhing pitcher ground the ball into his hip,
Defiance gleamed in Teddy's eyes, a sneer curled Teddy's lip.

And now the leather covered sphere came hurtling through the air,
And Teddy stood a-watching it in haughty grandeur there.
Close by the sturdy batsman the ball unheeded sped.
“That ain't my style,” said Teddy. “Strike one!” the umpire said.

From the benches black with people went up a muffled roar,
Like the beating of the storm waves on the stern and distant shore.
“Kill him! Kill the umpire!” someone shouted on the stand,
And it's likely they'd have killed him had not Teddy raised his hand.

With a smile of Christian charity great Teddy's visage shown.
He stilled the rising tumult and bade the game go on.
He signaled the pitcher, and once more the spheroid flew.
But Teddy still ignored it, and the umpire said, “Strike two!”

“Fraud!” cried the maddened thousands, and the echo answered fraud.
But one scornful look from Teddy and the audience was awed.
They saw his face grow stern and cold, they saw his muscles strain,
And they knew that Teddy wouldn't let that ball go by again.

The sneer is gone from Teddy's lip; his teeth are clenched in hate.
He pounds with cruel vengeance his bat upon the plate.
And now the pitcher holds the ball, and now he lets it go,
And now the air is shattered by the force of Teddy's blow.

Oh, somewhere in this land of ours the sun is shining bright,
The band is playing somewhere, and somewhere hearts are light,
And somewhere men are laughing, and somewhere children shout.
And they're going wild at Fenway Park 'cause Teddy hit one out!

First recited by Dick Flavin for Ted Williams, Dom DiMaggio and Johnny Pesky at Ted's home in Hernando , Florida , October 23, 2001.

Repeated at Memorial Tribute to Ted Williams
Fenway Park, Boston, Massachusetts

Leasing News Baseball Poetry Collection



Sports Briefs----

Giants edge Nationals 3-2 to win series, advance to NLCS

Cowboys go to silent count because of opponent crowd noise
 ... in Dallas

Heat takes a toll on 49ers fans at Levi's Stadium

Ray McDonald case: San Jose cop moonlighting for 49ers spurs internal review

49ers try to quell Jim Harbaugh storm (w/video



California Nuts Briefs---

Drakes Bay Oyster Co. agrees to shut down (w/video)

California water use drops 11.5 percent in August

Really rich real estate: San Francisco’s five most expensive property tax bills

Cops give 4-year-old his police dream


“Gimme that Wine”

Wine: Oakville cabernets 

Robert L. Hall, owner of Robert Hall Winery, dies at 85

John Sarich, pioneer of NW food and wine

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in History

     1728 - Birthday of Rodney Caesar, signer of the Declaration of Independence who cast a tie-breaking vote. Born near Dover, DE, he died June 26, 1784. Rodney is on a quarter issued by the US Mint in 1999, the first in a series of quarters that will commemorate each of the 50 states.
    1775 – General George Washington, a slave owner himself in Virginia, convinces the Continental Army to bar slaves and free blacks from Continental Army as regular soldiers in a move to appease Southern states and recruit more soldiers, plus financial contributions. As the Revolutionary War spread through every region, those in bondage sided with whichever army promised them personal liberty. The British actively recruited slaves belonging to Patriot masters and, consequently, more blacks fought for the Crown. In 1777, with the war going badly and so many blacks joining the British, General Washington allowed blacks to fight, but not become regular soldiers. During the Revolution, many African Americans also sided with the British. Particularly for enslaved blacks in the South, there was little guarantee that they would have any more freedom under the rule of the colonists than they did under the rule of the British. Indeed, in November 1775, Lord Dunmore, the royal governor of Virginia, issued a proclamation that any slaves who fled to his lines and assisted in suppressing the revolt would be given their freedom. This was a more enticing offer than the colonists made as the Southern colonies generally would not recruit slaves to fight. Over 2,000 slaves joined Dunmore and became his Ethiopian Regiment. When the fighting moved South in 1779, thousands of slaves ran away from their masters and fled to the British lines. There they were often pressed into service as laborers, building fortifications around Charleston and Savannah. By the end of the war, many blacks had served in some capacity. Many slaves who served in the military in Northern colonies were immediately freed. Many who had fled to the British or served with them were removed to Nova Scotia, and these Black Loyalists, finding Nova Scotia inhospitable, emigrated to Sierra Leone. In the South, some slaves who had served with a verbal promise of freedom were later freed, while others were returned to slavery. The American Revolution raised a fundamental contradiction that America's founding fathers could not seem to reconcile. The foundational principles of the Revolution were life, liberty, property, and equality; yet in the colonies nearly one-fifth of the population was denied these rights. Most Northern colonies ended slavery soon after the Revolution. Vermont banned slavery in 1777, and a Massachusetts judge declared slavery unconstitutional in 1783. However, in the South, agriculture was far more dependent on slave labor. A few plantation owners, imbued with the revolutionary spirit, freed their slaves and resettled them in the Northwest Territory either upon the war's end or upon the owners' deaths. For the most part, however, Southern plantation owners simply imported more slaves to replace those who ran away, and slavery continued as America's basic contradiction. In his will, George Washington freed all his slaves, but not that of his wife, considered separate property by his family. Washington also freed slaves while he was alive and attempted to influence his neighbors to do so, but he was not popular in his advocacy of “all men are created equal and deserve to be free”.
    1777 - After the second Battle of Bemis Heights, near Saratoga, NY where the Americans routed a force of some 1500 British, Gen. Bourgoyne retreated to Saratoga.
    1846 - Californios resisted American occupation and routed the forces of Capt. Gillespie of the U.S. Marines in the "Battle of the Old Woman's Gun" in Southern California. Los Angeles remained in rebel hands for three months.
    1855 - First edition of the new "Evening Bulletin" on sale, published by C.O. Geberding & Co.  Editor was James King of William, the former banker. There were 10 daily newspapers in San Francisco.
    1860 – A telegraph line opens between San Francisco and Los Angeles.
    1862 - Union and Confederate forces fought at Perryville, Kentucky in a one-day battle that repulsed the South's attempt to bring that border state into the Confederacy.  (lower half of: )
    1865 - Earthquake in Santa Cruz Mountains (6.5 to 7.5, various ratings)

    1865 - "It was just after noon, on a bright October day. I was coming down Third Street. The only objects in motion anywhere in sight in that thickly built and populous quarter were a man in a buggy behind me, and a streetcar wending slowly up the cross street. Otherwise, all was solitude and Sabbath stillness."---Mark Twain
    1869 - Inventor J(ames) Frank Duryea born Washburn, Illinois. He and his brother, Charles, invented the first automobile to be actually built and operated in the US
    1871 - The Great Chicago Fire began, according to legend, when Mrs. O'Leary's cow kicked over the lantern in her barn on DeKoven Street. The fire leveled 3 ½ square miles destroying 17,450 buildings and leaving 98,500 people homeless and about 250 people dead. Financially, the loss was $200 million..
    1871 - As Chicago blazes away some 200 miles to the south, an even deadlier fire rips through Peshtigo, Wisconsin, completely razing the town and killing 600 of its inhabitants. Over a million acres of forest are also consumed. Considered to be the worst fire in the history of the United States.
    1871 - Prolonged drought and desiccating winds led to the great Chicago fire, the Peshtigo horror, and the Michigan fire holocaust In Michigan, 2.5 million acres were burned, killing 200 persons. "Tornadoes of fire" generated by intense heat caused houses to explode in fire, and burned to death scores of persons seeking refuge in open fields.
    1873 - Ma Barker was born Arizona Donnie Clark in Ash Grove, MO. She had four sons: Herman, Lloyd, Arthur and Fred, who, with Alvin Karpis, formed the Barker-Karpis Gang in 1931. That year, Fred and Alvin shot a sheriff to death. The murder started a pattern of thoughtless killing by the gang. Ma Barker became a wanted woman. On January 16, 1935, Ma and Fred where shot and killed by FBI agents in Oklawaha, Fl.
    1890 - Birthday of Edward V. Rickenbacker at Columbus, OH.  American fighter ace in World War I and Medal of Honor recipient. With 26 aerial victories, he was America's most successful fighter ace in the war. He was also a race car driver, and automotive designer, a government consultant in military matters and a pioneer in air transportation, particularly as the longtime head of Eastern Air Lines.Died July 23, 1973 at Zurich, Switzerland.
    1893 - Birthday of Clarence Williams, Plaquemine, LA.  Penned “Royal Garden Blues”, “Gulf Coast Blues”, “I Ain’t Gonna Give Nobody None of My Jellyroll”.
    1896 - Dow Jones began reporting an average of the prices of 12 industrial stocks in the Wall Street Journal. In the early years, these were largely railroad stocks. In 1928, Mr. Dow expanded the number of stocks to 30, where it remains today. Today, the large, frequently-traded stocks in the DJIA rep resent about a fifth of the market value of all US stocks.
    1904 - Birthday of great song writer W. C. Handy, Jr., Clarksdale, MS. 
    1908 – The New York Giants set a Major League attendance record with 910,000 for THE SEASON.
    1917 - Drummer J.C. Heard birthday
    1918 - Sergeant Alvin C. York, while in the Argonne Forest, France, and separated from his patrol, killed 20 enemy soldiers, captured 132 enemy soldiers and 35 machine guns. He was awarded the US Medal of Honor and French Crois de Guerra. Ironically, York had petitioned for exemption from the draft as a conscientious objector, but was turned down by his local draft board. A movie was made of this event starring Gary Cooper.
    1918 - *COSTIN, HENRY G., Medal of Honor.
Rank and organization: Private, U.S. Army, Company H, 115th Infantry, 29th Division. Place and date: Near Bois -de -Consenvoye, France, 8 October 1918. Entered service at: Baltimore, Md. Birth: Baltimore, Md. G.O. No.: 34, W.D., 1919. Citation: When the advance of his platoon had been held up by machinegun fire and a request was made for an automatic rifle team to charge the nest, Pvt. Costin was the first to volunteer. Advancing with his team, under terrific fire of enemy artillery, machineguns, and trench mortars, he continued after all his comrades had become casualties and he himself had been seriously wounded. He operated his rifle until he collapsed. His act resulted in the capture of about 100 prisoners and several machineguns. He succumbed from the effects of his wounds shortly after the accomplishment of his heroic deed. 
    1922 – At Pittsburgh’s Forbes Field, KDKA conducts the first live broadcast of a football game.
      1924 - In New York City, the National Lutheran Conference banned the playing of jazz music in the local churches.
    1930 - Birthday of baritone sax player Pepper Adams, Highland Park, IL
    1933 - Coit Tower dedicated in SF, a monument to firefighters.
    1934 - Faith Riaggold birthday, Afro-American artist. Much of her art combines the feminist viewpoint and the black liberation movement. She changed her style from being based on white male European to African influences. She also started to work in fabric and soft sculptures, sometimes depicting women from Harlem with open mouths because black women need to find their voices. She has been criticized by some white critics and especially by black male artists who claim her work should be classified as crafts, not art. In 1984, she became professor of art at the University of California, San Diego.
    1934 – Bruno Richard Hauptman was indicted for the Lindbergh baby kidnapping and murder.
    1935 – Bandleader Ozzie Nelson married lead singer Harriet Hilliard and “Ozzie and Harriet” was created.
    1936 – Entertainment and gossip reporter Rona Barrett was born Rona Burstein in NYC.
    1938 - For “The Saturday Evening Post” cover for this date, Norman Rockwell chose to portray himself in quandary he frequently had to grapple with---trying to come up with a cover for the Post on deadline.
    1939 – For the first time in Major League history, a team won four consecutive World Series.  The New York Yankees swept the Cincinnati Reds.  These were the Yankees of Lou Gehrig, Joe DiMaggio, Red Ruffing, Bill Dickey, and Lefty Gomez, all Hall of Famers, led by Hall of Fame manager Joe McCarthy.
      1941 - The Benny Goodman Orchestra recorded "Buckle Down Winsocki", with Tom Dix as featured vocalist, on the Columbia label.
    1941 – Civil rights leader Jesse Jackson was born Jesse Louis Burns in Greenville, SC.  Jackson first started working for Dr. Martin Luther King, Jr.  In 1965, Jackson participated in the Selma to Montgomery marches organized by King and other civil rights leaders in Alabama. Impressed by Jackson's drive and organizational abilities, King soon began giving Jackson a role in the Southern Christian Leadership Conference (SCLC). When Jackson returned from Selma, he was charged with establishing a frontline office for the SCLC in Chicago.  Dr. King’s assassination in 1968 brought Jackson to conflict with SCLC leadership until a split with leader Dr. Ralph Abernathy in 1971.  Jackson, his entire staff and 30 of the 35 board members resigned from the SCLC and began planning a new organization. Time magazine quoted Jackson as saying at that time that the traditional civil rights movement had lost its "offensive thrust”.  People United to Save Humanity (Operation PUSH) officially began operations on December 25, 1971;  Jackson later changed the name to People United to Serve Humanity. Jackson planned to orient Operation PUSH toward politics and to pressure politicians to work to improve economic opportunities for blacks and poor people of all races. In 1978, Jackson called for a closer relationship between blacks and the Republican Party, telling the Party’s National Committee that "Black people need the Republican Party to compete for us so we can have real alternatives ... The Republican Party needs black people if it is ever to compete for national office."  In 1984, Jackson organized the Rainbow Coalition and resigned his post as president of Operation PUSH in 1984 to run for president of the United States, though he remained involved as chairman of the board. PUSH's activities were described in 1987 as conducting boycotts of business to induce them to provide more jobs and business to blacks and as running programs for housing, social services and voter registration. The organization was funded by contributions from businesses and individuals.  In 1996, the Operation PUSH and Rainbow Coalition organizations were merged.  Jackson remains highly visible as a civil rights leader and now shares that mantle with the Rev. Al Sharpton, an early SCLC member.  Many view him as one the seminal figures of the twentieth century.
    1943 – Actor/comedian Chevy Chase was born Cornelius Crane Chase in NYC.  After writing for The Smothers Brothers and National Lampoon, Chase signed on a one of the writers of “Saturday Night Live” in 1975.  He quickly moved in front of the camera and was part of the cast that vaulted the show to its first prominence.  Chase went on to films such as “Caddyshack” in 1980, National Lampoon's Vacation” in 1983, and Fletch” in 1985. In recent years, Chase has moved on to work on the popular television series Community”.
   1944 - BROWN, BOBBIE E., Medal of Honor.
Rank and organization: Captain, U S. Army, Company C, 18th Infantry, 1st Infantry Division. Place and date: Crucifix Hill, Aachen, Germany, 8 October 1944. Entered service at: Atlanta, Ga. Born: 2 September 1903, Dublin, Ga. G.O. No.: 74, 1 September 1945. Citation: He commanded Company C, 18th Infantry Regiment, on 8 October 1944, when it, with the Ranger Platoon of the 1st Battalion, attacked Crucifix Hill, a key point in the enemy's defense of Aachen, Germany. As the leading rifle platoon assaulted the first of many pillboxes studding the rising ground, heavy fire from a flanking emplacement raked it. An intense artillery barrage fell on the American troops which had been pinned down in an exposed position. Seeing that the pillboxes must be neutralized to prevent the slaughter of his men, Capt. Brown obtained a pole charge and started forward alone toward the first pillbox, about 100 yards away. Hugging the ground while enemy bullets whipped around him, he crawled and then ran toward the aperture of the fortification, rammed his explosive inside and jumped back as the pillbox and its occupants were blown up. He rejoined the assault platoon, secured another pole charge, and led the way toward the next pillbox under continuous artillery mortar, automatic, and small -arms fire. He again ran forward and placed his charge in the enemy fortification, knocking it out. He then found that fire from a third pillbox was pinning down his company; so he returned to his men, secured another charge, and began to creep and crawl toward the hostile emplacement. With heroic bravery he disregarded opposing fire and worked ahead in the face of bullets streaming from the pillbox. Finally reaching his objective, he stood up and inserted his explosive, silencing the enemy. He was wounded by a mortar shell but refused medical attention and, despite heavy hostile fire, moved swiftly among his troops exhorting and instructing them in subduing powerful opposition. Later, realizing the need for information of enemy activity beyond the hill, Capt. Brown went out alone to reconnoiter. He observed possible routes of enemy approach and several times deliberately drew enemy fire to locate gun emplacements. Twice more, on this self -imposed mission, he was wounded; but he succeeded in securing information which led to the destruction of several enemy guns and enabled his company to throw back 2 powerful counterattacks with heavy losses. Only when Company C's position was completely secure did he permit treatment of his 3 wounds. By his indomitable courage, fearless leadership, and outstanding skill as a soldier, Capt. Brown contributed in great measure to the taking of Crucifix Hill, a vital link in the American line encircling Aachen. 
    1944 – “The Adventures of Ozzie and Harriet” debuted on CBS Radio.
    1945 - President Harry S. Truman announced that the secret of the atomic bomb would be shared only with Britain and Canada.
      1948 - Winchell's Donut House established. Since the grand opening of its first donut house in Temple City, CA, Winchell's has offered warm and fresh donuts from its own specialty mixes featuring the finest ingredients. Winchell's even invented the apple fritter in 1964! For more than 50 years, Winchell’s donuts have been an American favorite, although Krispie Kreme Donuts and Dunkin’ Donuts are their main competitors today.
    1948 - Facing only thirty batters, Indian rookie pitching sensation Gene Bearden five-hits the Braves for a 2-0 victory in front of 70,000 fans in Cleveland. The Tribe takes a 2-1 World Series game lead.
    1950 - “Your Hit Parade” premiered on TV. It began as a radio show in 1935. When it finally made it to TV, the format was simple: the show's cast performed the week's top musical hits. To keep viewers interest, since many of the same songs appeared wieldy, eye-catching production sequences were created. “YHP” was the starting point for many famous choreographers and dancers, including Tony Charmoli, Ernie Flatt, Peter Gennaro and Bob Fosse. Regulars included Dorothy Collins, Eileen Wilson, Snooky Lanson and Sue Bennett. The show was overhauled many times and switched networks before leaving the air in 1959. A summer revival in 1974 was short-lived. The original sponsor was Lucky Strike, a cigarette company.
    1950 - “Frank Sinatra Show” premiered on television. Sinatra's first series was a musical variety show featuring regulars Erin O'Brien and comic Ben Blue. However, during its last season this show was cut from an hour to 30 minutes as it could not compete with “The Texaco Star Theater,” the most popular show of the time. This was during the period of his decline as a singer and personality.
    1953 – Birmingham, AL bans Jackie Robinson's Negro-White All-Stars from playing in the city. The white players are dropped from the team as Robinson gives in to city officials.
    1955 – Saturday Night Live alum Darrell Hammond was born in Melbourne, FL.
    1956 - Don Larsen of the New York Yankees pitched the only perfect game in World Series history. He defeated the Brooklyn Dodgers, 2-0, in Game 5 at Yankee Stadium. Larson threw 97 pitches, faced 27 batters, allowing no base runners and struck out 7. The closest the Dodgers got to a hit was in the second when Jackie Robinson lashed a line drive that ricocheted off 3B Andy Carey to SS Gil McDougald, who threw him out on a close play; in the 5th, Gil Hodges hit a fly ball to the deepest part of the original Stadium that had triple written all over it.  CF Mickey Mantle, at top speed, barely caught the drive going away.  Mantle had hit a solo HR in the 4th to give the Yanks the lead, 1-0.  Pinch hitter Dale Mitchell, batting for Dodgers pitcher Sal Maglie, was called out on strikes for the last out.
Team       1  2  3    4  5  6    7  8  9       R   H  E
BKLYN     0  0  0    0  0  0    0  0  0       0  0  0
NY           0  0  0    1  0  1    0  0  0       2  5  0
     1956 - Top Hits
“Honky Tonk (Parts 1 and 2)” - Bill Doggett
“Canadian Sunset” - Hugo Winterhalter and Eddie Heywood
“The Green Door” - Jim Lowe
“Hound Dog/Don't Be Cruel” - Elvis Presley
    1957 - Jerry Lee Lewis records his biggest hit, "Great Balls of Fire" as a follow-up to his six million seller, "Whole Lotta Shakin' Goin' On". 
    1957 – Brooklyn Dodgers’ owner Walter O’Malley announced that the team is moving to Los Angeles to begin the 1958 season.  Brooklyn fans, even those who moved to LA, still bemoan the loss.
    1959 - In Game 6, the Dodgers defeat the Go-Go Sox, 9-3, to win the World Series. Chicago's speed and quickness weren't enough to overcome Los Angeles hitting and pitching.
    1961 - New York Yankees' pitcher Whitey Ford set the World Series record for consecutive scoreless innings, extending his streak to 32 in a 7-0 shutout of the Cincinnati Reds in Game 4. Ford added one more scoreless inning in the 1962 World Series to bring that consecutive scoreless inning total to 33. The previous record was 29-2/3 innings, held by Babe Ruth.  1961 was a tough year for Ruth as Roger Maris also broke his 60 HR mark that stood since 1927.
    1961 - Green Bay Packer's running back/kicker Paul Hornung set a Packer records for points scored in a game: 33.  Hornung scored four touchdowns, six extra points and one field goal. (The Packers beat the Baltimore Colts too, 45-7.)
    1964 - Top Hits
“Oh, Pretty Woman” - Roy Orbison
“Do Wah Diddy Diddy” - Manfred Mann
“Dancing in the Street” - Martha and The Vandellas
“I Guess I'm Crazy” - Jim Reeves
    1966 - A concert featuring Joan Baez, Mimi Fariña, Grateful Dead, Quicksilver Messenger Service, Ed Keating, and Don Duncan, to raise money for the Congressional District Write In Committee for Phil Drath and Peace.
   1968 – In the Viet Nam police action, US and South Viet Nam forces launch a new operation in the Mekong Delta.
     1970 – Actor/writer Matt Damon was born in Cambridge, MA a few blocks away from Ben Affleck.
     1971 – John Lennon’s megahit, “Imagine” is released.
     1972 – The Philadelphia Eagles’ WR Harold Carmichael begins NFL streak of 127 consecutive games with a reception.
    1974 - "Then Came You", by Dionne Warwicke and The Spinners, went solid gold this day. While the editors are poring over the proper spelling of her name, might we add that due to some superstitious feeling having to do with astrology, the former Ms. Warwick changed her name for good luck to Warwicke. It apparently worked. When she went on her own, she changed her name back to the original spelling. Tunes like, "I'll Never Love This Way Again", "Deja Vu" and hits with Johnny Mathis, Luther Vandross and some friends made it OK to be just Dionne Warwick again.
    1974 – Franklin National Bank, once the 20th largest bank in the US, it collapsed in obscure circumstances, involving Michele Sindona, renowned Mafia-banker and member of the irregular freemasonic lodge, Propaganda Due. It was at the time the largest bank failure in the history of the country.
      1975 - In the first basketball game played at the Louisiana Superdome in New Orleans, the San Antonio Spurs of the American Basketball Association defeated the Atlanta Hawks of the National Basketball Association, 109-107, in an exhibition.
    1977 - Billy Joel's breakthrough album, “The Stranger”, enters the Billboard album chart.
    1979 - "Sugar Babies" opened at the Mark Hellinger Theatre on Broadway. The star of the hit show was also making his debut on the Great White Way. Mickey Rooney, who had been acting since the 1930s, once again delighted one and all with his performance.
    1981 – “Cagney and Lacey” was launched on CBS.  The show starred Tyne Daly as NYPD Det. Mary Beth Lacey, a married mother, and Sharon Gless as Det. Christine Cagney, a single career woman. The two main actresses combined to win the Emmy for Best Lead Actress in a Drama for six consecutive years, a winning streak unmatched in any major category by a show.  It was also one of the earliest TV shows with two female leads.
      1982 – “Cats” opens on Broadway and runs for nearly 18 years before closing on September 10, 2000.
      1984 - Anne Murray won the Country Music Association's Album of the Year Award this day for "A Little Good News". Murray was the first woman to win this award.
    1985 - The hijackers of the Italian cruise ship Achille Lauro killed American passenger Leon Klinghoffer and dumped his body and wheelchair overboard.  Four members of the Palestinian Liberation Front (PLF) took control of the liner off Egypt. Holding the passengers and crew hostage, they demanded the release of 50 Palestinians then in Israeli prisons. After being refused permission to dock at Tartus, the hijackers killed the disabled Jewish-American passenger and then threw his body overboard.
      1986 - The first North American Congress on the Holy Spirit and World Evangelization opened in New Orleans. It drew 7,000 leaders from 40 denominations, and stressed the part which the charismatic experience plays in evangelization.
    1987 - Chuck Berry is awarded a star on the Hollywood Walk of Fame.  His film biography, "Hail, Hail Rock and Roll" premiers that night.
    1987 - Unseasonably cold weather prevailed from the Upper Mississippi Valley to the southeastern U.S. Thirty cities reported record low temperatures for the date, including Madison, WI with a reading of 22 degrees. The low of 28 degrees at Evansville, IN was the coolest of record for so early in the season. Hot weather continued in the southwestern U.S. Phoenix, AZ reported a record high of 104 degrees and a record tying 116 days of 100 degree weather for the year. Tucson, AZ established an all-time record with 72 days of 100 degree weather for the year.
    1989 - Morning lows in the 20s were reported from the Northern Plains to the Upper Great Lakes. International Falls MN and Marquette MI reported record lows of 22 degrees. Unseasonably warm weather prevailed in central California as the Oakland Athletics won the American League pennant. San Luis Obispo CA reported a high of 99 degrees.
    1990 - Native American Day was celebrated in South Dakota in place of Columbus Day.
    1991 - A U.S. District Court in Anchorage, Alaska, approved a $900-million settlement (annual payments stretched over ten years) with Exxon Shipping Company (Exxon Oil Corporation) for the Valdez oil spill. Exxon also agreed to pay a $250-million fine, which would reimburse the state of Alaska and the U.S. for the costs of cleanup, damage assessment and litigation.
    1992 - The U.S. Postal Service announces a commemorative stamp booklet that includes rock legends Bill Haley, Buddy Holly, Elvis Presley and Ritchie Valens plus R & B stars Clyde McPhatter, Otis Redding and Dinah Washington.
    1995 – Miami Dolphins QB Dan Marino breaks Fran Tarkenton’s NFL record for career TD passes.
    1995 – DH Edgar Martinez drives home the tying and winning runs to rally the Mariners to 6-5 win in the bottom of the 11th to beat the Yankees and win the AL Division Series.  This win likely saved MLB in Seattle as voters then approved a referendum for a new stadium that became Safeco Field.
    1997 - Center Adam Oates of the Washington Capitals scored three goals and two assists to move past the 1,000 mark in career NHL points. Oates finished the night with 1,004 points as Washington defeated the New York Islanders, 6-3.
    1998 – US House of Representatives approves impeachment inquiry of President Clinton
     2001 – Former PA governor Tom Ridge is sworn in as the first Secretary of Homeland Security.
    2003 – Ahhhnold Schwarzenegger is elected governor of California.
    2004 – Home living diva Martha Stewart reported to prison to begin serving a sentence for lying about a stock sale.
    2007 – Sprinter Marion Jones Marion Jones gives up 5 Olympic medals after admitting to using performance-enhancing drugs
     2011 – “Just win, Baby!”  Oakland Raiders Managing General Partner and former AFL Commissioner Al Davis died.

World Series Champions This Date
    1919 - Cincinnati Reds (over the Black Sox)
    1922 - New York Giants
    1927 - New York Yankees
    1930 - Philadelphia Athletics
    1939 - New York Yankees
    1940 - Cincinnati Reds
    1959 - Los Angeles Dodgers




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