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Headlines--- Pictures
from the Past---1997---Victor Harris Ameriana
Bancorp Will Write Off CMC Bankruptcy Portfolio Milestone
Capital Files #11 Bankruptcy Protection Aimbridge
and MacDill Eight Hours to Five Minutes Edmunds.com Automakers’ Incentives/Historic Low Market Share Classified
Ads---Senior Management This Border ##### Denotes Press Release (Not Written By Leasing
News) ------------------------------------------------------------------------------------------
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to a colleague as we are trying to build our readership.
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Leasing
Industry Help Wanted
-------------------------------------------------------------------------------------------------- Pictures
from the Past---1997---Victor Harris http://two.leasingnews.org/imanges_uael_wael/harris,victor.jpg March
28,2003 Leasing News ran this picture of Victor. He will be the Leasing
News correspondent covering the 5th Annual “Big Deal Bash” at he Fairmont
San Francisco, Crown Room tonight co-hosted by Paul Weiss and transactions. Unfortunately
Sue’s 86 year old father had
an emergency quadruple by-pass surgery and it has turned our plans upside
down, including attending the “Big Deal Bash.” Right now he is doing “fair,” and his wife of
63 years quite upset. At the last minute, we asked Victor to cover the
event for us, giving him carte blanche, and no time limit condition
to turn in his report. He was
busy, and generous to say, “yes.” I wanted to send him a good bottle
of wine for doing this, and he said, “ It is not necessary, Kit, I am
doing this as a favor for you.” Victor
Harris has practiced law since 1972. He has a litigation and transactional
practice located at the Law Offices Of Victor Harris in San Rafael,
California. Mr.
Harris has focused on commercial finance for the last 19
years, including equipment leasing, asset-based lending, and secured transactions.
His clients include financial institutions and equipment leasing
companies (funders, lessors and brokers), and his representation extends
to collection and defense litigation, workouts, transactional and other
documentation matters, lender liability, and mixed collateral problems. He
is a 1968 Phi Beta Kappa graduate from the University of
California at Berkeley, and received his J.D. degree with honors from Harvard
University Law School in 1972. For the past 19 years, Victor has been
a contributing author of the California Attorneys’ Damages Guide, published
by the California Continuing Education Of The Bar. He
has also published the following articles for Monitor Leasing &
Financial Services: "The Distinction Between A True Lease And A
Security Interest" (three part series, November 1998- April 1999);
and "Check Your Lessee’s Insurance To Be Sure It Contains ‘Standard’
Language" (September 1998). He has been a served
as a member of the Financial Institutions Committee for the Bar Association
Of California (Business Law Section) during 1995-1998. Mr.
Harris currently is a member of UAEL’s Board of Directors, and also
is a member of UAEL’s Standards Committee and UAEL’s Legal Committee.
He can be reached at the Law Offices Of Victor Harris, 1050 Northgate
Drive, Suite 360, San Rafael, California 94903-2541, Telephone (415)
479-8000, Facsimile (415) Here
is perhaps a more appropriate picture of Mr. Harris at bat in 1993: http://two.leasingnews.org/imanges_uael_wael/Harris.jpg http://www.leasingnews.org/pictures_past/past_10-8-02.htm Go
here to see the “Big Deal Bash” invitation and sponsors: http://two.leasingnews.org/temporary/PDF/BallsInvite.pdf -------------------------------------------------------------------------------------------- ###
Press Release ########################################## Ameriana
Bancorp Will Write Off CMC Bankruptcy Portfolio NEW
CASTLE, Ind.----Ameriana Bancorp (NASDAQ/NM: ASBI) reports that it has
completed the previously announced sale of its two Cincinnati-area branches,
located in Deer Park and Landen, Ohio, to Peoples Community Bancorp,
Inc. (NASDAQ/NM: PCBI) of West Chester, Ohio. In connection with the
sale, Ameriana will record an after-tax gain of approximately $2,940,000
or $0.93 per diluted share in the third quarter ending September 30,
2003. The
transaction included Ameriana's real property related to the Deer Park
branch and its leasehold on the premises for the Landen branch. Additionally,
Ameriana conveyed most consumer and commercial loans at those branches
as part of the transaction, as well as the branches' savings deposits,
but retained and will continue to service certain single-family residential
mortgages originated in those locations. Commenting
on the announcement, Harry J. Bailey, President and Chief Executive
Officer, said, "The sale of these branches will allow us to intensify
our focus on our core market, one that stretches from New Castle to
western Indianapolis, where we currently have nine branches and a stronger
presence. We are excited about the prospects for growth in this region
and are already working to capitalize on the opportunities we see here
with the construction of a new branch in McCordsville. We believe this
will be a strategic addition to our franchise that will help fill in
the Hancock County corridor." Separately,
Ameriana said it will write off two lease pools in the third quarter,
an action that will reduce the quarter's net income by approximately
$2,784,000 or $0.88 per diluted share. Heretofore, Ameriana had established
reserves against these lease pools equal to approximately 58% of the
approximately $10,900,000 that currently remains outstanding. As
previously reported, during 2001 Ameriana purchased two pools of equipment
lease receivables originated by the Commercial Money Center ("CMC"),
a now-bankrupt equipment leasing company. Each lease in the pools was
backed by a surety bond issued by one of two insurance companies guaranteeing
payment of all amounts due under the leases in the event of default
by the lessee. Both insurers now claim they were defrauded by CMC and
are denying responsibility for payment. Ameriana and other financial
institutions participating in the lease pools have initiated litigation
against the sureties. Recently,
the uncertainty surrounding the prospects for eventual recovery from
the sureties increased due to a ratings change on one of the two sureties
involved in the transaction, the Kemper Insurance Companies, which was
downgraded to "D" by A.M. Best. "While
we continue to believe that the surety bonds are enforceable against
the insurers, and we intend to pursue that issue aggressively, it is
clear that current litigation in this matter will be more protracted
and challenging than we originally thought," Bailey said. "Aside
from the inherent uncertainty surrounding the potential for recovery
and its timing, we believe regulators will be increasingly conservative
in their stance toward the level of reserves they consider prudent in
this matter. Already, we have witnessed this, and the recent questions
about Kemper's financial strength will likely intensify regulatory concerns.
Accordingly, in keeping with Ameriana's conservative method for reserving
against its assets, we believe that it is in the interest of our shareholders
to take this final step to write off these lease pools completely."
Bailey noted that despite the write off, Ameriana's regulatory capital
is expected to remain well above required levels at September 30, 2003. CONTACT:
Ameriana
Bancorp, New Castle Harry
J. Bailey, 765-529-2230 (Note:
NetBank and others have taken over certain aspects of the defaulted portfolio,
as reported earlier, and suits with the insurance agency surety continue,
while the class action suit continues taking depositions, while the
former officers have started new leasing and finance ventures. editor) For
related stories, please go here: http://www.leasingnews.org/Conscious-Top%20Stories/CMC_stories.htm Cartoon http://two.leasingnews.org/cartoons/SORTING.jpg ---------------------------------------------------------------------------------------------- ###
Press Release ################################################ Milestone
Capital, Inc. Files for Chapter 11 Bankruptcy Protection FAIRFIELD,
N.J.----Milestone Capital, Inc. (OTCBB:MLSP),
announced it has filed voluntary petitions for reorganization
under Chapter 11 of the U.S. Bankruptcy Code. The Company said this
action was necessary to restructure its finances. The petitions, filed
on Friday, September 26, 2003, in the U.S. Bankruptcy Court for District
of New Jersey, in Newark, also seek bankruptcy protection for a subsidiary
of the Company: EliteAgents Mortgage Services, Inc. The Newark office
of Duane Morris, LLP is counsel to the Company. The
Company said the filing would enable it to refocus on operating its
businesses and serving its customers while it develops a plan of reorganization
to resolve its debt liabilities. About
Milestone Capital, Inc. Milestone
is a diversified financial services company whose objective is to develop
a product offering, which will include residential and commercial mortgages,
equipment leasing, insurance products, SBA loans and selected consumer
loans. CONTACT:
Milestone
Capital, Inc. Howard
Conyack, 800-848-5442 ext. 3009 SOURCE:
Milestone Capital, Inc. E-Mail
Removal Form: \http://65.209.205.32/LeasingNews/removalform.asp ###
Press Release ################################################# Aimbridge
and MacDill FCU Build Indirect Lending Connectivity; New Technology
Decreases Time to Enter Loan Data from Eight Hours to Five Minutes DENVER----Aimbridge
Indirect Lending and Tampa Bay-based MacDill Federal Credit Union announced
the development of technology that connects the credit union to their
funded loan application data, enabling MacDill FCU to automatically
retrieve loan data using electronic file transfer technologies in a
batch format. After the data is retrieved, it is prepopulated in the
MacDill database fields so that the credit union can complete the automobile
loan process. For new credit union members, the technology will also
automatically create new accounts before entering the loan information.
Aimbridge Indirect Lending is a division of The Aimbridge Group and
a financing channel that links credit unions with an automotive dealer
network to provide members and potential members with automobile loans
and leases. Prior
to developing the connectivity technology, MacDill FCU received a faxed
funding report from Aimbridge detailing pertinent information the credit
union needed to create a loan, including the member's name, address
and vehicle information. Four employees from MacDill Federal Credit
Union's Loan Advantage Center had to manually enter each one of the
loans into the credit union's core system, Symitar. Each loan took approximately
10 to 15 minutes to complete. Brad
Sears, CIO of MacDill FCU, said, "The first day we tested the new
connectivity technology, we processed more than 100 loans in five minutes.
It would have easily taken our employees eight hours to enter that loan
information into our system. The faxed information was often difficult
to read, which allowed room for errors. Developing this technology with
Aimbridge saves us a tremendous amount of time, and it also ensures
that our accuracy increases by 100 percent." Steve
Bentley, CEO of The Aimbridge Group said, "This file transfer solution
is the first phase in developing PowerBridge, an online, real-time system
that sends loan information to credit unions at the same time we receive
it. The results MacDill experienced are an excellent example of faster
and more efficient technology that we continue to provide for our partnering
credit unions." About
MacDill Federal Credit Union MacDill
Federal Credit Union, based in Tampa, Fla., serves active and retired
military, MacDill Air Force Base civilian personnel and select employee
groups. The credit union has 15 locations throughout the Tampa Bay area
and offers mortgages, low rate auto loans, online banking, auto buying
services, direct deposits and other services. For more information on
MacDill, visit www.macdill.org. About
The Aimbridge Group Founded
in 1984 and headquartered in Denver, The Aimbridge Group markets financial
products, such as auto loans and leases, mortgages and insurance products
through partnerships with credit unions. The company helps their partners
attract members and deepen their relationships by providing members
with more reasons to do business with their credit unions. The
Aimbridge Group is comprised of five divisions, including Aimbridge
Indirect Lending, Aimbridge Leasing, Aimbridge Mortgage, Aimbridge Financial
Services and Aimbridge Automotive Group. While the company is headquartered
in Denver, it has remote offices located across the United States. For
additional information, write The Aimbridge Group at 4610 S. Ulster
St., Suite 300, Denver, Colorado 80237 or contact Andrea Harris at 303-306-3231.
Visit its Web site at www.aimbridge.com. CONTACT:
Media
Contact for The Aimbridge Group, Denver Katie
Hogan, 678-781-7225 ####
Press Release ############################################# Edmunds.com
Reports Automakers' True Cost of Incentives: 2004 Model Year Vehicles
Average Over $1500 Incentives Per Vehicle; Domestics Spend a Record
High While Market Share Drops to Historic Low SANTA
MONICA, Calif., - Edmunds.com (http://www.edmunds.com), the premier
online resource for automotive information, reports that the average
manufacturer incentive per vehicle sold in the United States was $2,630
in August 2003, up $524 or 24.9% from August 2002 and down 1.4% from
July 2003. "The
decline from August is caused by the sales-weighted averaging of 2003
and 2004 model year vehicles, and reflects the higher level of sales
of 2004 model year vehicles in the more recent month.
Incentives for 2003 model year vehicles averaged $2,842 -- up
$36 for the month -- while 2004 models averaged a lower, but remarkable,
$1,547 -- up $89 for the month," stated Dr. Jane Liu, Executive
Director of Data Analysis for Edmunds.com. Edmunds.com's
monthly True Cost of Incentives(SM) (TCI(SM)) report takes into account
all of the manufacturers' various United States incentives programs,
including subvented interest rates and lease programs as well as cash
rebates to consumers and dealers. To
ensure the greatest possible accuracy, Edmunds.com bases its calculations
on sales volume, including the mix of vehicle makes and models for each
month, as well as on the proportion of vehicles for which each type
of incentive was used. Incentives
spending for domestic Chrysler, Ford and General Motors nameplates hit
a record high of $3,687 per unit in August, compared to $1,752 for European
automakers, $1,484 for Korean automakers, and $1,032 for Japanese automakers. Despite
the increased incentives spending by the domestic manufacturers, their
market share declined to an historic low of 57.6%.
In August, Ford's incentives spending went up by 2.8% to $3,472
per unit while its market share dropped 0.6% to 17.5%.
General Motors' incentives spending per vehicle went over the
$4,000 mark for the first time in August, up 1.4% to $4,025 per unit,
while its market share declined 1.3% to 28.4%.
Chrysler increased its incentives spending by 0.7% to $3,193
but saw its market share decline 0.1% to 11.7% in August. Among
vehicle segments, large SUVs had the highest average incentives last
month at $4,166, followed by vans at $3,597 and large cars at $3,536. Sports cars had the lowest average incentives
at $1,124, followed by luxury SUVs at $1,599 and compact SUVs at $1,619.
Large trucks have gained the most market share since August 2002,
up 2.1% to 14.1%, while compact cars have lost the most market share
during that period, down 2% to 14.2%. Industry
average 'days-to-turn,' which measures how many days on average it takes
to sell a vehicle after it hits the dealer's lot, reached a record level
of 74 days in August, compared to 61 days last August. Mitsubishi had the longest days-to-turn at 132, followed by Saturn
at 109. The quickest inventory
turnaround was for Mini, at 18 days, followed by Lexus at 28 days. About
Edmunds.com True Cost of Incentives(SM) (TCI(SM)) Edmunds.com's
TCI(SM) is a comprehensive monthly report that measures automobile manufacturers'
cost of incentives on vehicles sold in the United States. These costs are reported on a per vehicle basis
for the industry as a whole, for each manufacturer, for each make sold
by each manufacturer and for each model of each make. TCI covers all aspects of manufacturers' various incentives programs
(except volume and similar bonus programs), including dealer cash, manufacturer
rebates and consumer savings from subvented APR and lease programs (including
subvented lease residual values used in manufacturer leasing programs).
Data for the industry, the manufacturers and the makes are derived
using weighted averages and are based on actual monthly sales and financing
activity. About
Edmunds.com, Inc. Edmunds.com
(http://www.edmunds.com) is the premier online resource for automotive
information. Its comprehensive set of data, tools and services, including
Edmunds.com True Market Value(R) pricing, is generated by Edmunds Data
Services and is licensed to third parties.
For example, the company supplies over 800,000 pages of content
for AOL's auto channel and NYTimes.com's auto section and delivers monthly
data reports to Wall Street analysts.
Edmunds.com was named "best car research" site by Forbes
ASAP, is viewed by consumers as the "most useful Web site"
according to the J.D. Power and Associates New Autoshopper.com Studies(SM)
for both 2001 and 2002, and was ranked first in the Survey of Car-Shopping
Web Sites as reported by The Wall Street Journal.
The company is headquartered in Santa Monica, California and
maintains a satellite office in Troy, Michigan. SOURCE Edmunds.com
CO: Edmunds.com ST: California, Michigan SU: SVY ECO Web
site: http://www.edmunds.com Classified
Ads---Senior Management 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: 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: San Francisco, CA., 25 years experience w/global leasing
company, sales,marketing,business dev., P&L responsibility, asset
mgmt, brokering and remarketing. Interested in joining an est. firm
with a future. email:rcsteyer@yahoo.com Senior
Management: Portfolio Management Consultant; 25+years experience
in Collections, Customer Satisfaction, Asset Management, Recoveries,
Continuous Process Improvement, Backend Revenue Generation, Cost per
Collection Analysis. $5+Billion Portfolio expertise. email: efgefg@rogers.com 71
Job Wanted Ads at: http://64.125.68.90/LeasingNews/JobPostings.htm --------------------------------------------------------------------------------------------------- News
Briefs--- General
Motors Acceptance Corp. and MBNA Corp. on Tuesday sold $2.6 billion
in http://www.absnet.net/include/showfreearticle.asp?file=/headlines/r.htm Sun
stock plummets after company announces $1.05 billion charge http://www.signonsandiego.com/news/business/20030930-1345-sunmicrosystems.html Slowing
Stream of New Jobs Helps to Explain Slump http://www.nytimes.com/2003/10/01/business/01JOBS.html?hp Verizon
offers buyout to its 74,000 management employees http://www.signonsandiego.com/news/business/20030930-1359-verizon-labor.html Ford
plans to cut 3,000-plus jobs, including 1,700 contract workers http://www.signonsandiego.com/news/business/20030930-1407-fordcuts.html Car-Loan
Rates Marked Up More for Blacks, Report Says http://www.washingtonpost.com/wp-dyn/articles/A25258-2003Sep30.html Consumer
confidence plummets in September http://www.boston.com/business/articles/2003/09/30/consumer_confidence_plummets_in_september/ Isabel
Leaves N.C. Farmers Struggling http://www.washingtonpost.com/wp-dyn/articles/A26199-2003Oct1.html Study
finds traffic congestion bad and getting worse, especially in L.A. After Los Angeles, the San Francisco-Oakland area was next at 68 hours, followed
by Denver (64), Miami (63) and Chicago and Phoenix, which tied for fifth
(61). http://sfgate.com/cgi-bin/article.cgi?f=/news/archive/2003/09/30/national1635EDT0723.DTL -------------------------------------------------------------------------------------------------- Sports
Briefs— Twins
Have Field Day With Yankees' Imperfections http://www.nytimes.com/2003/10/01/sports/baseball/01yankees.html Wood
and Cubs Act as if They've Been Here Before http://www.nytimes.com/2003/10/01/sports/baseball/01braves.html http://img.coxnewsweb.com/B/07/92/93/image_193927.jpg Strong
Pitching and Muffed Bunt Lift Giants http://www.nytimes.com/2003/10/01/sports/baseball/01marlins.html Schmidt:
The best since Marichal? http://www.bayarea.com/mld/mercurynews/sports/baseball/mlb/san_francisco_giants/6901694.htm Best
of All Possible World Series http://www.nytimes.com/2003/09/30/sports/baseball/30anderson.html Panthers
sign Jenkins to $31 million, five-year extension http://www.theredzone.org/news/showarticle.asp?ArticleID=376 Packers
acquire Swinton From Cowboys http://www.theredzone.org/news/showarticle.asp?ArticleID=374 ----------------------------------------------------------------------------------------------- California
Nuts Briefs— http://www.utdallas.edu/police/wavs/hstlavsta.wav Huffington
Drops Out Of Race in California/Back "No Recall" http://www.washingtonpost.com/wp-dyn/articles/A25074-2003Sep30.html http://www.sfgate.com/cgi-bin/article.cgi?f=/chronicle/archive/2003/10/01/RECALL.TMP http://www.bayarea.com/mld/mercurynews/6895741.htm Recall,
Schwarzenegger ahead in new LA Times poll http://www.bayarea.com/mld/mercurynews/news/local/states/california/northern_california/6901231.htm Many
Heads Could Roll if Schwarzenegger Wins http://www.washingtonpost.com/ac2/wp-dyn/A22842-2003Sep30?language=printer $24,000
ASKING PRICE FOR NUDE ARNOLDS... http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3554382810&category=2 (A funny one, but a long down load) http://www.miniclip.com/arnie.htm ---------------------------------------------------------------------------------- This
Day in American History 1608-
a glass factory was established in Jamestown, VA.
Eight German and Polish mechanics were imported to start the
new industry. Among the factory’s products were glass beads
for use in trade with the Native Americans. The factory remained in operation spasmodically for about seven years
and was then disbanded, owing chiefly to the fact that the workers found
it more profitable to grow tobacco for shipment to England. It appears Europe had never chewed, snuff, smoked in a pipe, paper, or tobacco wrapper before.
They quickly became quite addicted to the import from the colonies. The
London Company later sent Captain William Norton, accompanied by four
Italians and two servants, to revive the Jamestown glass factory, which
resumed operations on July 25,1621.
The massacre of the colonists by Native Americans in 1622 put
an end to it. 1781-Birthdday
of James Lawrence, brilliant American naval officer, whose last battle
was a defeat, but whose dying words became a most honored navlal motto. Lawrence, born at Burlington, NJ, was captain
of the Chesapeake when she engaged in a naval duel with HMS Shannon
off Boston, June 1, 1813. The
Chesapeake was captured and towed to Halifax, as a British prize. Lawrence was mortally wounded by a musket ball
during the engagement and uttered his famous last words, “ Don’t give
up the ship,” as he was being carried of the ship’s deck. 1861-The first
Union ship captured in the Civl War was the U.S.S. Fanny, an Army stream
tug that grounded on a shoal in Pamilico Sound, NC, while it was en
route to Chicomacomica, the encampment of the 20th Indiana
Regiment. The pilot and deckhand
escaped by swimming ashore, but the ship was caputred by Confederate
naval forces. Also caputred were the Raleigh, a small iron-hull propeller-driven
towing steam, the Jualuska, a vessel of 79 tons, and the Culew, 260
tons. http://www.amazon.com/exec/obidos/ASIN/0533017181/inktomi-bkasin-20/104-5278168-8037550 1864-
Rose O'Neal Greenhow drowned when her small open boat overturned while
attempting to run the blockade of the harbor of Wilmington, North Carolina.
Her clothes were weighed down with gold coins she was attempting to
smuggle into the cash-poor South. Before
her death, she was a spy for the confederacy and had been imprisoned
by the Union secret service. After being released, she traveled to Europe
to aid the Confederacy by collecting funds. It was those funds, sewn
into her clothes, that caused her death. A monument in Wilmington commemorates her accomplishments
as well as a marker in the marvelous historical district of that city. http://www.americancivilwar.com/women/greenhow.html http://search.eb.com/women/pri/Q00176.html http://www.npg.si.edu/exh/brady/gallery/51gal.html http://www.womenshistory.about.com/library/bio/blbio_rose_greenhow.htm http://www.sameshield.com/spies/greenhow.html http://wwwmoore.nhcgov.com/Pages/Photos/22.htm http://www.ohwy.com/nc/o/oakdacem.htm “Oakdale Cemetery 520 N. 15th St., Wilmington When Nance Martin died at sea in
1857, her body was preserved, seated in a chair, in a large cask of
rum. Six months later she was interred at Oakdale Cemetery, cask and
all. Her monument and many other curious, beautiful and historic markers
are to be found within the labyrinth of Oakdale Cemetery, Wilmington's
first municipal burial ground, opened in 1855. At the cemetery office,
you can pick up a free map detailing some of the more interesting interments,
such as the volunteer firefighter buried with the faithful dog that
gave its life trying to save his master, and Mrs. Rose O'Neal Greenhow,
a Confederate courier who drowned while running the blockade at Fort
Fisher in 1864. Amid the profusion of monuments lies a field oddly lacking
in markers-the mass grave of hundreds of victims of the 1862 yellow
fever epidemic. The architecture of Oakdale's monuments, its Victorian
landscaping and the abundance of dogwood trees, make Oakdale beautiful
in every season. The cemetery is open until 5 PM every day. Bicycles
are not permitted.” 1867-Morgan State
College Founded in Maryland. 1880
- A new director of the United States Marine Corps Band was named. John
Philip Sousa became the band’s 17th leader. In 1888 he composed "Semper
Fidelis", traditionally known as the official march of the Marine
Corps. 1883
-American churchman A. B. Simpson founded the first school in America
to train missionaries, in New York City. Called the Missionary Training
Institute in 1894, its name was changed to Nyack College in 1972. 1889
-Birth of Ralph W. Sockman, American scholar and devotional writer.
His best-remembered poem begins: "I met God in the morning, when
my day was at its best...." 1890-Yosemite
Valley and Mariposa Big Tree Grove, granted to the State of California
June 30, 1864, were combined and established as a national park. 1892-The
university of Chicago opened with an enrollment of 594 and a faculty
of 103, including eight former college presidents. 1893-Birthday
of singer Kid Sox Wilson, Jacksonville, FL. 1896-Rural
Free delivery mail was established. 1896-
the first all-fiction pulp magazine was the Argosy, 1092 pages, 7 by
10 inches. It was published in New York City, starting
a craze of such magazines. 1903-The
First Modern World Series Game: The Pittsburgh Pirates defeated the
Boston Pilgrims ( later the Red Sox ), 7-2, in the first game of the
1903 World Series, the first postseason series matching the champions
of the National League and the American League. Jimmy Sebring of Pittsburgh
hit the first World Series home run. Deacon Phillippe was the winning
pitcher. Cy Young the loser. ( bottom half of: http://memory.loc.gov/ammem/today/oct01.html
) 1904-Bulk
mail was authorized by Congress on April 28, 1904, and went into use
this day. It permitted 2,000 or more identicalpieces of third-class
or foruth-class mail to be mailed without stamps, affixed, in exchange
for a fee.The denomination of the postage, the place of mailing, and
the permit issued by the post office for the mailing was printed in
place of the stamp. 1908-Ford
introduced the Motel T at a price of $850 but by 1924 the basic model
sold for as little as $260. Between 1908 and 1924 Ford sold 15,007,033
Model Ts in the US. Although the first Model Ts were not built on an
assmelby line, the demand for the cards was so high that Ford developed
a system where workers remained at their stations and cars came to them.
This enabled Ford toturn out a Motel T every 10 seconds. 1920-Birthday
of guitarist/harmonica player Johnny “ Blind” Brown, Montgomery, AL. 1913-The
first monument to a bird was unveiled at Salt Lake City, UT. It was
designed by Mahonri Young, a grandson of Brigham Young, to commemorate
the sea gulls from teh great Salt Lake that attacked a devouring horde
of black crickets, or grasshoppes, that were destroying the weat fields
of the Mormon settlers in May, 1848. 1921-
Margaret Hillis birthday - One of this nation's most distinguished conductors
. * received Master's
degree in choral conducting from Juilliard School of Music (1949), * Robert Shaw's assistant
for two years, * resident conductor
of the Chicago Civic orchestra, * formed the American
Concert and American Concert Orchestra in 1950, * founded and became
music director of the American Choral Foundation in 1954, * appointed chorus
director of the Chicago Symphony in 1957, * appointed chorus
director of the Cleveland Symphony in 1969. She also created,
organized and conducted the Chicago Symphony Chorus and the Elgin (Illinois)
Symphony Orchestra, was resident conductor of the Civic Orchestra of
Chicago, and chaired the Department of Choral Activities at Northwestern
University. In 1977 she subbed
for an ailing George Solti to conduct Mahler's monumental Eighth Symphony
which has 400 musicians and singers. She got rave reviews - but was
sent back to the chorus podium. Hillis
won a Grammy award for "the best choral performance of 1977"
for the Verdi Requiem with Solti conducting, and again in 1978 for the
Beethoven Missa Solemnis. From early childhood in Kokomo, Indiana, she
accompanied her mother to travel to concerts, sometimes 16 in two weeks.
Her grandmother had a full pipe organ in her living room (pipes in the
basement). She died in Febuary 6, 1998. http://centerstage.net/music/whoswho/MargaretHillis.html 1924-
birthday of Jimmy Carter, thirty-ninth US President (1977-81). 1928
- Duke Ellington recorded "The Mooche" on the Okeh label.
1928
- "Forever", by Ben Pollack and his band, was recorded on
Victor Records. In Pollack’s band were two talented young musicians:
Benny Goodman and Jack Teagarden, 1932-
Babe Ruth, In the fifth inning of game three of the World Series, with
a count of two balls and two strikes and with hostile Cubs fans shouting
epithets at him, Babe Ruth pointed to the center field bleachers in
Chicago’s Wrigley Field and followed up by hitting a soaring home run
high above the very spot to which he had just gestured. With that homer
Ruth squashed the Chicago Cubs’ hopes of winning the game, and the
Yankees went on to sweep the Series with four straight victories. For
more than half a century the question has remained: Did Ruth actually
call his shot that day? Even eyewitnesses disagree. Joe Williams of
The New York Times wrote, “In no mistaken
motions, the Babe notified the crowd that the nature of his retaliation
would be a wallop right out of the confines of the park.” But Cubs
pitcher Charlie Root said, “Ruth did not point at the fence before he
swung. If he’d made a gesture like that, I’d have put one in his ear
and knocked him on his ass.” Ruth’s daughter has said that he denied
it. But the Babe himself also claimed he had. Fact or folklore? Either
way, legend! 1932-Birthday
of guitarist Albert Collins, Leona, TX. 1933-
Babe Ruth had pitched only once in 12 years when he took the mound for
the New York Yankees in their final game of the season.
Ruth hurled all nine innings, hit a home run in the fifth and
beat his original team, the Boston Red Sox, 6-5.
It was a fitting finish to his 20th season in the
majors: because this turned out to be his last pitching appearance,
his 1-0 record in 1933 meant that Ruth never had a losing season as
a pitcher. 1935-Birthday
of Ulie Andrews ( Julia Wells, singer, actress, born Walton-on’Thames,
England. 1935-Benny
Goodman Band closes at Palomar, LA, after launching big band era with
its August 21st opening. 1935-Birthday
of singer Ann Richards http://www.mrlucky.com/songbirds/html/may99/a_arichards.html 1936-Birthday of harmonica player George
“Wild Child” Collins, Autaugaville, AL. 1940-Birthday
of accordian player Marc Savoy, Eunice, LA 1942- The first
jet airplane designed and built in the United was the XP-59, an Airacomet,
built by the Bell Aircraft Corpporation, Buffalo, NY, and flown for
the first time at a secret testing base in Muroc,CA, by Robert Morris
Stanley. It was rated over 400
miles per hour and in excess of 40,000 feet. The hgiher the latidue
( up to a certain maximum,) the faster it flew. It employed two turbojet engines built by the
Generla Electric Company from designs made by Group Captain Frank Whittle,
the British inventor. The fuel
was generally kerosene, although anythign that burned could be used
as a subsittute. There was no propeller. 1944- Emil “Dutch” Leonard defeated
the Detroit Tigers, 4-1, to pitch the St. Louis Browns to the only American
League Pennant in their history. The Browns went on to lose the World
Series to the St. Louis Cardinals, four games to two. 1947-On
this day the first residents moved into what would become Levittown
at Long Island, NY. The community developed by William Levitt and his
borther Alfred with their father Abraham started as affordable rental
houses bu lt for returning World War II vbeterans.
In 1948 the Levitts began to sell the 800-square-foot homes for
under $8,000. By 1951, when the first community was finished,
the Levitts had built 17,447 mass-produced Cape Code and ranch homes.
In 1952, they started construction of a new Levitttown in Bucks County,
PA, where they built another 17,000 houses, and beginning in 1958, they
build another 12,000 homes in Wilingboro, NU. 1951-
the first commercially made transistor was produced by the Western Electric
Company, Allentown, PA, for long-distance dialing equipment of the Bell
Telephone System. 1952-
“This is Your Life” premiered on TV. Ralph Edwards hosted this program
that lured unsuspecting guests on the show and surprised them by detailing
their lives and achievements with their family and friends. It began
as a radio show in 1948. 1957 - U.S. B-52 bombers in the Strategic Air
Command went on 24-hour alert status because of the perceived threat
of an attack from the Soviet Union. 1955- "Honeymooners" premieres on TV. Originally a skit on the “Jackie Gleason”, Ralph
Kramden ( Jackie Gleason), bus driver, Ed Norton (Art Carney), sewer worker, Alice Kramden (Audrey
Meadows), Ralph’s wife, and Trixie Norton ( Joyce Randolph), Ed’s wife
had a two year run (39) episodes that are still re-running on TV today.
There was little rehearsal--Gleason liked it that way--and there were no second takes--the
show went out live. The sets were painted cardboard (with the only apartment
doors in the world that opened out instead of in). And nobody imagined
this short run series of half-hour episodes would rerun continuously
somewhere on TV for the next 50 years They are on video today, including the
four lost episodes. http://us.imdb.com/Title?0042114 http://www.fiftiesweb.com/honeymnr.htm
http://members.aol.com/mark916/ 1955-
In Game 4 of the World Series at Ebbets Field, the Dodgers defeat the
Yanks, 8-5. 1957---Top
Hits Wake Up Little Susie - The Everly Brothers Honeycomb - Jimmie Rodgers Chances Are/The Twelfth of Never - Johnny Mathis My Shoes Keep Walking Back to You - Ray Price 1961-
Roger Maris of the New York Yankees hit his 61st home run,
breaking Babe Ruth’s record for most home runs in a season.
Maris hit his homer against Pitcher Tracy Stallard of the Boston
Red Sox as the Yankees won 1-0. Controversy over the record arose because
the American League had adopted a 162-game schedule in 1961 and Maris
played in 161. In 1927, when Ruth set his record, the schedule
called for 154 games and Ruth played in 151. On the this date, exactly
two years later, a baby named Mark McGwire will be born. On September 8, 1998, Mark McGuire of the St.
Louis Cardinals hit his 62nd home run, breaking Maris’ record. http://memory.loc.gov/ammem/today/oct01.html (box score ) http://www.nationalpastime.com/100161bs.html 1962
- “From New York ... heeeeeeeeeere’s Johnny!” Ed McMahon introduced
the new host of NBC’s "Tonight Show" for the first time. Johnny
Carson entertained late-night America for nearly three decades. His
first guest was Barbara Stanwick. He is reportedly sufferring from emphysema. http://www.hollywood.com/celebs/bio/celeb/346622 http://news.bbc.co.uk/1/hi/entertainment/tv_and_radio/2271172.stm 1962- Barbra Streisand signs her first recording
contract (with Columbia) http://www.bandhunt.com/artists_albums/barbrastreisand.html 1962-“The
Merv Griffin Show” premiered on TV.
Singer and game show king Merv Griffin’s first effort as an afternoon
talk-show-host premiered on NBC but was later dropped for syndication.
The afternoon show continued until 1969 when Griffin was tapped to host
a late-night program on CBS to complete with “The Tonight Show” with
Johnny Carons. 1963-Birthday of
baseball player Mark McGuire, Pomona, CA. 1965---Top
Hits Eve of Destruction - Barry McGuire Hang on Sloopy - The McCoys You Were on My Mind - We Five Is It Really Over? - Jim Reeves 1971-
Disney’s second theme park opened at Orlando, FL. The opening was planned for October when the crowds were
slower. Disney planners wanted everything to move slowly at first, so
any problems that sprang up could be fixed with minimal guest inconvenience.
The dedication of the park was held on October 25, 1971. Roy O. Disney
stood with Mickey Mouse in Town Square and read the dedication plaque:
“Walt Disney World is a tribute to the philosophy and life of Walter
Elias Disney . . . and to the talents, the dedication, and the loyalty
of the entire Disney organization that made Walt Disney's dream come
true. May Walt Disney World bring Joy and Inspiration and New Knowledge
to all who come to this happy place . . . a Magic Kingdom where the
young at heart of all ages can laugh, and play, and learn - together.”
Walt Disney World eventually became the world’s largest, man-made, tourist
attraction. 1972-“Kung
Fu” premiere on television. David Carradine starred in this unusual
ABC western as Kwai Chang Caine, a half-Chinese marital arts master
drifter who was exiled from China. Appearing in flashback were Keye
Luke as Master Po, Philip Ahn as Master Kan and Radaman Pera as the
younger Caine. The show ran for three years.
“Kung Fu” returned in a 1986 TV movie introducing the late Brandon
Lee as Caine’s son. A sequel series currently appears in syndication
staring a much older Carradine. 1973-
In the first game of a scheduled make-up double-header at Wrigley Field,
a day after the regular season ends, the Mets beat the Cubs, 6-1,to
capture National League East flag. The Miracle Mets, who were 11 and
half games behind and in last place on August 5, by winning its 82nd
game, (the lowest number victories ever to win a title) clinch the division
making the second game of the twin bill unnecessary to play. 1973---Top
Hits We’re an American Band - Grand Funk Half-Breed - Cher Loves Me like a Rock - Paul Simon Blood Red and Goin’ Down - Tanya Tucker 1975-
Muhammad Ali scored a 15-th round TKO against Joe Frazier to retain
the heavyweight championship in a fight billed as the “Thriller in Manila.” 1977-
Pele, generally considered the greatest soccer player ever, played the
last game of his career before 75,646 fans at Giants Stadium. Pele played the first half for the New York Cosmos and the second
for Santos of Brazil, his original team. 1977-
the first member of the American Revolution
who was African-American was Karen Batchelor Farmer of Detroit,
MI, who became the 623,128th member of the Daughters of the
American Revolution. She traced her ancestry to William Hood, who
served in the militia of Lancaster, PA, during the Revolutionary War. 1979-The
first Pope to visit the White House in Washington, DC, was Pope John
Paul II, who flew across the Atlantic in the Shepherd I, landing in
Boston, MA. In six days, he visited Boston, New York, Philadlephia,
Urbandale, IA, Chicago and Washington. He returned to Rome from Andrews Air Force Base, near Washington,
ON October 6. 1980
-With much media and fan pressure Red Sox fire manager Don Zimmer. 1980
- "Ladies’ Home Journal" startled readers. Robert Redford
became the first male to appear alone on the cover. It had taken 97
years for the magazine to change its no-men-on-the-cover policy. 1981---Top
Hits Endless Love - Diana Ross & Lionel Richie Queen of Hearts - Juice Newton Stop Draggin’ My Heart Around - Stevie Nicks with Tom Petty
& The Heartbreakers Tight Fittin’ Jeans - Conway Twitty 1982-The
first compact disc player, developed jointly by Sony, Phillips and Polygram,
went on sale. It cost $625 (
more than $1,000 in current dollars ). 1982- Remington Steele” premiers
on TV. Laura Holt (played by Stephanie Zimbalist,
daughter of Efrem Zimbalist, Jr), an imaginative private detective,
could not get a case of her own—until she made up a partner, Remington
Steele, who was conveniently out of the office when clients came-a-calling.
Then she met the suave stranger (Pierce Brosnan) with a foreign accent
who called himself Remington Steele. They began a working partnership..,
which ended in marriage. The show aired on NBC for five years, with
the last telecast on Mar 9, 1987, and costarred James Read, Janet DeMay
and Doris Roberts 1983
- Bonnie Tyler’s "Total Eclipse of the Heart" began a four-week
run as the number one single in the U.S. The song, from her "Faster
Than the Speed of Night" album, ran 5 minutes, 36 seconds and it
took a day or two to get out of your head after you listened to it...
1987
- An earthquake in Los Angeles (eleven miles southeast of Pasadena)
killed eight people and injured 200. The quake caused $358 million in
property damage and measured 5.9 on the Richter scale. 1989---Top
Hits Girl I’m Gonna Miss You - Milli Vanilli Heaven - Warrant If I Could Turn Back Time - Cher Let Me Tell You About Love - The Judds 1990- President George
H. Bush at the United Nations in New York City condemns Iraq's
takeover of Kuwait, seeks support from the United Nations. Even though he was the former US Ambassador to
the UN and knew the “system, “ it took him almost six months to get
support after August 2, when the Iraqi armed forces invaded Kuwait and
overran it in a matter of hours. We sent troops to Saudi Arabia on August 7, started
a Naval Blockage on August 9. August
10, at a meeting in Cairo, 12 of the 21 member nations of the Arab League
voted to support the UN and U.S. action. By November 8, some 230,000 American troops were in Saudi Arabia
and President Bush announced that 150,000more would be sent. The UN
Security Council on November 29 voted to authorize the US and its allies
to use force to expel Iraq from Kuwait if its troops did not leave by
January 15, 1991. By the end of 1990, 580,000 Iraqi troops were
believed to be in Kuwait or southern Iraq. Facing them were 485,000
troops of 17 allied countries, with many skirmishes, while Iraq exterminated
tribes, took over land, ransacked the country, and eventually set
fire to the oil wells, disregarding
all UN sanctions and the alliance of Arab nations supporting his ouster
of Kuwait and other areas he claimed as now belonging
to him. 1993
- The hauntingly beautiful "I Know I Got Skill", by Shaquille
O'Neal, was released. Just a sample: “...I’m big like Gorilla, 6-7,
large, I kick rhymes like moduck-kwong you, I smoke-smoke the mic-mic,
I Cheech and Chong you, you don’t like Shaq, frankly I don't give a
damn, I know I got skills man, I know I got skills man...” 1994
- Eric Clapton’s album "From the Cradle" was number one in
the U.S. The rest of the top five for the week: "II" (Boyz
II Men); "Rhythm of Love" (Anita Baker); "The Lion King"
(soundtrack); "Dookie" (Green Day). 1995-
The Yankees and Rockies become first wild-card teams in new major league
baseball playoff system. 1996
- Theodore Kaczynski was charged by a U.S. federal grand jury with mailing
a bomb that killed advertising executive Thomas Mosser in 1994. Kaczynski,
known as the Unabomber, pleaded guilty in January 1998 to mail bombings
that killed three people and injured 23. He was sentenced in July 1997
to life without possibility of parole by a federal court in Sacramento,
California.
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