|
Baltimore - Washington area
Lease Representative
M&T Bank is seeking an in-market lease representative to develop and maintain relationships with broker/lessors, equipment vendors, and direct lessees throughout Maryland and Northern Virginia. Must be knowledgeable small ticket leasing ($75K average ticket) and third-party lease/loan transactions. Please apply on-line at www.mandtbank.com and view posting #4044.
At M&T Bank, we provide and exciting and challenging work environment where performance and innovative thinking is encouraged at every level. With over 700 branches, your career can travel as far as you take it!
|
www.mandtbank.com |
Tuesday, October 25, 2005
Headlines---
Welcome New Readers
Classified Ads --- Job Wanted
Top Ten Stories --- October 17-21, 2005
Classified Ads --- Help Wanted
Super Brokers List
Placard
AmSouth Offers Disaster Relief to Customers
AmSouth Reports Third Quarter 2005 Earnings
CSI Leasing, Inc. Selects SAP to Catalyze Change Processes
Today's Top Event in History
This Day in American History
Baseball Poem
######## surrounding the article denotes it is a "press release"
Welcome New Readers
While most who read Leasing News go to the web site first, many still join our mailing list. Our goal is to print daily from Monday to Friday, but most often it is only three or four times a week, so when you are on the mailing list, you are informed that the new edition is available.
We go to "press" when we think there is enough equipment leasing news to do so.
Readers on our mailing list also get notices of major events from time to time.
We welcome the new readers and hope you enjoy and find informative Leasing News.
[headlines]
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Classified Ads --- Sales Manager & Senior Management
Sales Manager
Atlanta, GA
30 years in transportation Finance with strong management/ sales background. Represented company on national & region markets. Started two successful operations- produce profits and growth.
Email: pml@mindspring.com
Chicago, IL.
Successful sales manager has 15 years experience with captives and independents. Expertise in re-energizing existing sales teams and territories, also building teams from scratch. True Team Leader looking for new challenge.
email: Murph5553@aol.com
Chicago, IL
Senior sales manager seeks Chicago based sales management role with growing, creative, customer focused lessor. Extensive experience/documented results in all aspects of information technology leasing.
Email: belanger@dataflo.net
Dallas/Fort Worth, TX.
Domestic-int'l exp. Small to middle ticket. 24 yrs with Fortune 500 firms(2). Consistently achieves margin/ volume goals.
Email: dptr7300@sbcglobal.net
Marlton, NJ
25 years exper. Promoted to sales manager after attaining highest percentage of quota for 2 years. Increased business by 50% over two years as sales manager.
Email: Sjgaul@aol.com
New York, NY
I have over 25 years owning an independent leasing company that specialized in truck leasing. Tow trucks, Limos, ambulances, tractors, etc..
Email: rfleisher@rsrcapital.com
Pennsauken, NJ.
17 Years Leasing in all capacities from CSR and Collections to National Sales Management and Vice President Vendor Development. Exceptional People Skills. Many industry references.
email: cherfurth1@aol.com
Portland, OR.
18+ yrs w/bank leasing company. Supervised 14- 20 sales people. Willing to relocate for the proper position.
Email: pthygeson@netscape.net
Scottsdale, AZ
Have successfully built or rebuilt 3 national sales forces in 3 different industry niches. Strong credit and operations background compliment overall experience. Strong industry references.
Email: azlessor@cox.net
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
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
Hope, NJ.
25 years in optimizing call center operations, collections, billing, and back end revenue generation. Experienced in $7 + billion dollar portfolios. Verifiable achievements.
E-mail: cmate@nac.net
Irvine, CA.
Credit executive, portfolio manager and syndication facilitator. Extensive business building experience in small and mid-ticket operations. Highly innovative. Fortune 100 audit and technology skills. Bottom-line manager.
Email: lenhubbard@bigfoot.com
Jacksonville, FL.
15+yrs Collections/Customer Service Expert. InfoLease, CARMS,managed staffs excess 100 VERY successfully - will relocate WITHIN Florida for right position ~ SIMPLY THE BEST
Email: rafftink@aol.com
Lawton, OK.
Twenty years, I have been the President of Cash Financial Services. I sold my loan portfolio. Resume.
email: bobmooreok@email.com
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
New York, NY, NJ, Ct Tri-State
Top Exec. middle and big ticket, top skills treasury,funding, ops,transaction detail, syndication, ready to max profit, help build quality operation. right now!
E-Mail: leasefinance@optonline.net
Orange County, CA
25+ years experience large ticket equipment finance companies and commercial banking. Operations, documentation, legal, credit, workouts, portfolio management. $2+Billion portfolio. Seeking CFO, COO or similar.
Email: finance1000@cox.net
Philadelphia, PA.
27 yrs. exp. sales, ops., credit, strategy, P&L mngmet. Most recently created & executed the biz plans for 2 highly successful Bank-owned small ticket leasing subsidiaries.
email: mccarthy2020@comcast.net
Portfolio Management Consultant;
25+years experience in Collections, Customer Satisfaction, Asset Management, Recoveries, Continuous Process Improvement, Back end Revenue Generation, Cost per Collection Analysis. $5+Billion Portfolio expertise.
Email: efgefg@rogers.com
Salt Lake City, UT
GM in Sales, Marketing & Operations for Several technology captives. Seeking new adventure in Western States. Consultant of full time.
Email: stevegbdh@hotmail.com
San Francisco, CA.,
25 years experience w/global leasing company, sales,marketing,business dev., P&L responsibility, asset mgmt, brokering and re-marketing. Interested in joining an est. firm with a future.
Email: rcsteyer@yahoo.com
Syracuse, N.Y.
Int. equip. leasing exec. 25 yrs global P&L sr. mngt., including corporate turnarounds, strategic planning, new biz dev., structure finance, contract neg., vendor leasing specialist.
Email: jimh356094@aol.com
Wilmington, DE.
Over 15 years experience managing Credit, Risk Management and Fraud operations for large Financial Institution. Proven Results. Anywhere between NYC and DC for right opportunity.
Email: cklous@comcast.net
For a full listing of all "job wanted" ads, please go to:
http://216.66.242.252/AL/LeasingNews/JobPostings.htm
To place a free "job wanted" ad, please go to:
http://216.66.242.252/AL/LeasingNews/PostingForm.asp
[headlines]
---------------------------------------------------------------
Top Ten Stories - October 17-21, 2005
(These are not the top best stories or most interesting, but a count by how many readers read the article. The one on top was read by the greatest majority of readers:)
1. U.S. Bancorp Equipment Finance, Inc. Names VP and CFO to U.S. Bancorp Oliver-Allen Technology Leasing
http://www.leasingnews.org/archives/October%202005/10-19-05.htm#bancorp
2. Pioneer Capital Announces Launch of New Credit Program
http://www.leasingnews.org/archives/October%202005/10-19-05.htm#pioneer
3. Story Credit Lessors
http://www.leasingnews.org/archives/October%202005/10-21-05.htm#story
4. Lease Agreements
http://www.leasingnews.org/archives/October%202005/10-21-05.htm#lease
5. Key Equipment Finance Announces Operations Management Promotions for Express Leasing Services
http://www.leasingnews.org/archives/October%202005/10-21-05.htm#key
6. Key Equipment Finance Names Chief Information Officer
http://www.leasingnews.org/archives/October%202005/10-19-05.htm#key
7. Classified Ads --- Sales
http://www.leasingnews.org/archives/October%202005/10-21-05.htm#ads
8. Top Ten Stories - October 10-14, 2005
http://www.leasingnews.org/archives/October%202005/10-19-05.htm#top10
9. Key Equipment Finance Names Burket VP, Global Business Development
http://www.leasingnews.org/archives/October%202005/10-19-05.htm#kef
10. The National Vehicle Leasing Association (NVLA) Recognizes First CVLA Certification
http://www.leasingnews.org/archives/October%202005/10-21-05.htm#nvla
[headlines]
----------------------------------------------------------------
Classified Ads --- Help Wanted
Lease Representative
|
Baltimore - Washington area
Lease Representative
M&T Bank is seeking an in-market lease representative to develop and maintain relationships with broker/lessors, equipment vendors, and direct lessees throughout Maryland and Northern Virginia. Must be knowledgeable small ticket leasing ($75K average ticket) and third-party lease/loan transactions. Please apply on-line at www.mandtbank.com and view posting #4044.
At M&T Bank, we provide and exciting and challenging work environment where performance and innovative thinking is encouraged at every level. With over 700 branches, your career can travel as far as you take it!
|
www.mandtbank.com |
Leasing Sales Manager
|
Leasing Sales Manager
Develop & lead sales force in a fast track
company. Our phenomenal growth provides this great opportunity, 5+ years exper. working w/brokers. Relocate to beautiful
San Antonio, Texas. resumes@swcreditlender.com
|
|
National Account Manager
|
Truck/Trailer Industry
National Account Manager
5+ year proven track record, located in either Texas or upper Mid-West markets,
estab. relationships to produce min. $750k
a month, for more information, click here.
To apply click here.
|
|
[headlines]
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Super Brokers' List
( for "funders only," please click here
for funders specializing in "Story Credits, " please click here )
We encourage companies who are listed to contact us for any change or addition they would like to make. Adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers is very much encouraged.
A -Requires Broker be Licensed | B -Sub-Broker Program | C -Warehouse Line | D -Also a Lessor
Rank |
Name
In Business Since
Contact
Website
Leasing Association |
Employees |
Geo
Area |
Dollar
Amount |
Broker Qualify |
A |
B |
C |
D |
1 |
|
15 |
National |
Application Only $5,000 - $100,000, Commercial $50,000 - $500,000 |
|
N |
N |
Y |
Y |
(A) BSB Leasing, Inc has been providing syndication services for brokers nationwide since 1982 and have been funding business directly since 2002 through BSB Direct Finance, LLC. We offer Brokers a complete internet solution for credit submission and tracking and document preparation.
---------------------------------------------
These companies basically function as a "broker," meaning most of their transactions are sent to other leasing companies or funders.They are not “lessors” or “funders.” An additional description: the majority of their business comes from others, who are acting as a broker. These “deals” may come from an independent, a “company,” or even a “lessor” or “funder.”
Brokers come to them because they may not have the "volume" for the source the "super broker" may have; they may be "too new" in business to qualify for many sources: they may be looking for a better rate than their regular sources, or the transaction was originated by another broker and they need to acknowledge that the transaction comes from another broker, called "sub broker," in the trade (most funders will not accept business from that has been “re-brokered.” .” As important, the sender may not have a regular source for the specific transaction they want to place, such as a young privately held company wanted the lease as “corporate only.”
The transactions may come from a lessor that wants to satisfy their client, and they have a "minimum" that the transaction does not meet; or perhaps their client is to the maximum amount of exposure for them.
For whatever reason, they come to a "super broker" to place the deal on their behalf.
In the question of sub-broker business, we take for granted that the “super broker” not only has a written agreement with the sub-broker but informs the lessor when submitting an application it has come from a sub-broker. A violation of this will have the company removed from the list.
This list is not does not include leasing companies who "fund" the majority of the transactions they receive.
In addition to the above qualifications, the "Super Broker" must have a "clean" Better Business Bureau rating, no Leasing News Bulletin Board complaints or a poor record, and must belong to a national leasing association, as we view this that they are professional and abide by their association standards and code of ethics.
We also will be verifying warehouse lines or "lessor" lines with their bankers (as done with those on the Story Credit List.)
Leasing News reserves the right not to list any company it believes does not meet the qualifications as stated above.
[headlines]
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Placard
[headlines]
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###Press Release############################
AmSouth Offers Disaster Relief to Customers Affected by Hurricane Wilma
BIRMINGHAM, Ala.-- AmSouth Bank (NYSE:ASO) has announced a package of disaster relief offers to assist consumer and small business customers affected by Hurricane Wilma. The offers give AmSouth customers in the affected areas flexibility on loan repayments, discounted loan rates, and fee waivers.
The special offers for consumers and small business customers in the affected areas, available for a limited time, include:
-- Skip-A-Payment - Customers with an AmSouth home equity line of credit or installment loan in an affected area may apply to skip their next payment with no extension fee by calling 1-800-AMSOUTH.
-- Special Unsecured Installment Loan Offer - Consumers in areas affected by Hurricane Wilma who qualify for an unsecured loan will receive a special rate with no loan processing fee.
-- Special Business Loan Program - Discounted loan rates are available for customers directly affected by the storm for working capital, construction or remodeling.
-- Special Business Loan Payment Assistance - Small business customers directly affected by the hurricane may request a 30-day extension for loan repayment.
-- Special FlexLine Skip-a-Payment - Business customers with a FlexLine who were directly affected by the hurricane may be allowed to skip one monthly payment on request.
-- Mortgages - Consumers may apply for an array of competitive mortgage products, including affordable housing programs featuring little to no down payment and requiring no mortgage insurance.
-- Home Equity Line of Credit - Consumers may apply for a home equity line of credit with a variable interest rate that equals Prime minus .50% (currently 6.25% APR). This rate is good for the life of any transaction that posts in the first 30 days. Variable rates as low as Prime minus .25% (currently 6.50% APR) are available for transactions that post after 30 days.(a) In addition, customers receive a $100 cash bonus with a new AmSouth Home Equity Line of Credit.(b)
AmSouth also recognizes that circumstances such as those caused by Hurricane Wilma can result in unintended situations where customers may find their accounts in an insufficient funds status. The bank encourages its customers to contact AmSouth to discuss those situations.
According to AmSouth Chairman, President and Chief Executive Officer C. Dowd Ritter, AmSouth wants to help customers and businesses in the affected areas get back on their feet as quickly as possible. "We are focused on meeting our customers' needs, particularly during a difficult time like this. Our programs are designed to help customers and businesses cope with the problems caused by a storm like Hurricane Wilma."
Except for branches in the hardest hit areas, AmSouth anticipates reopening virtually all closed branches on Tuesday. AmSouth will update the status of its branches throughout the coming days on www.amsouth.com under the Hurricane Wilma Update. Customers can also call 1-800-AMSOUTH for the most up-to-date information on the locations of open branches. Many banking services - such as balance inquiries, transferring funds between accounts and paying bills - are also available at www.amsouth.com or through our TeleBanking Center at 1-800-AMSOUTH.
About AmSouth
AmSouth is a regional bank holding company with over $50 billion in assets, more than 685 branch banking offices and more than 1,200 ATMs. AmSouth operates in Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia. AmSouth is a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing, and trust and investment management services. AmSouth also offers a complete line of banking products and services at its web site, www.amsouth.com.
(a) Prime minus .50% (currently 6.25% as of 9/22/05) is available on transactions that post to your home equity line of credit for the first 30 days the account is open. This rate may vary. To qualify for this special pricing, you must either open or have an existing AmSouth checking account. If your home equity line of credit balance becomes 61 days past due, the promotional rate of Prime - 1/2% will revert back to the standard rate, calculated as described below. On transactions that post after the first 30 days, the Annual Percentage Rate (APR) at 80% loan to value and first lien position is currently as low as Prime minus 1/4%, currently 6.50% as of 9/22/05, and may vary. The APR is based on the Prime Rate minus a discount or plus a margin. The Prime Rate is merely a reference rate. The APR for your home equity line of credit will be based on several factors including your credit history and may be higher than the rate set out above. The maximum APR is 18%, except in Florida where it is 17%. AmSouth may pay your closing costs and fees, based on line amount and initial advance. Closing costs are estimated to range between $150 and $1,500, depending on the amount of your home equity line. The annual fee of $50 is waived as long as you make at least one advance per year on your account. If you close your Credit Line Account during the first three years after the Opening Date for any reason other than the sale of your Property, a prepayment penalty will be imposed as follows: $300 in the first year, $200 in the second year and $100 in the third year (except in Louisiana). Consult your tax advisor regarding the deductibility of interest.
(b) Your cash bonus will be paid to you by either cashier's check or a credit to your home equity line account after your rescission period ends.
Offer and rates are subject to change without notice. Subject to credit approval. Some restrictions may apply. Contact your AmSouth Banker for details. Equal Housing Lender. Member FDIC.
AmSouth Bank Rick Swagler, 205-801-0105 David Webster, 205-581-7494
[headlines]
###Press Release############################
AmSouth Reports Third Quarter 2005 Earnings
BIRMINGHAM, Ala, --AmSouth Bancorporation (NYSE: ASO ) reported earnings for the third quarter ended Sept. 30, 2005, of $.51 per diluted share, compared to $.33 per diluted share reported for the third quarter of 2004. Net income for the third quarter of 2005 was $180.3 million versus $119.6 million for the same period in 2004. Results for the third quarter of 2004 include charges and related professional fees totaling $54.0 million, or $0.15 per diluted share, in connection with regulatory settlements announced last year. Excluding the expenses from last year, third quarter 2004 earnings would have been $172.0 million or $0.48 per diluted share (see Reconciliation of GAAP Amounts to Adjusted Amounts in the attached financial tables).
AmSouth's third quarter performance resulted in a return on average equity of 20.0 percent, a return on average assets of 1.41 percent, and an efficiency ratio of 52.2 percent.
"Our growth in several loan categories, continued strong credit quality and the strength of AmSouth's Florida franchise were offset in part by the effects of the flattening yield curve, Hurricane Katrina, and increased competition for loans and deposits," said Dowd Ritter, AmSouth's chairman, president and chief executive officer. "Even with these challenges, which helped create one of the most difficult operating environments in recent memory, we continued to produce solid results."
Net interest income in the third quarter was down slightly from the prior quarter to $374.7 million, and produced a net interest margin of 3.31 percent. Loan growth has been strong, particularly in Commercial Real Estate and First Residential Mortgage lending, which grew 18.4 percent and 24.5 percent, respectively, compared with the third quarter of 2004. Low-cost deposit growth has also been very solid, increasing 13.4 percent during the same period.
Noninterest revenue, which includes earnings from service charges, trust, investment management services, securities gains and other sources of fee income, was $259.6 million for the quarter, including a $44 million net pre-tax gain on the previously announced sale of AmSouth's mutual fund management business. Noninterest expenses in the third quarter rose to $336.9 million, reflecting higher marketing and professional services costs and an increase in other expenses including accruals related to Hurricane Katrina and other legal and regulatory matters.
Net charge-offs improved to 0.19 percent of average net loans in the third quarter, declining 2 basis points compared with the second quarter of 2005. The ratio of loan loss reserves to total loans was 1.12 percent at September 30, 2005. The loan loss provision exceeded net charge-offs in the quarter by $19 million, as a result of Hurricane Katrina and one commercial credit. Nonperforming loan coverage ended the quarter at 478 percent.
Total nonperforming assets at September 30, 2005, were $98.1 million, or 0.29 percent of loans net of unearned income, foreclosed properties and repossessions, compared to $90.0 million, or 0.27 percent, in the previous quarter.
For supplemental financial information about the third quarter results, please refer to the Form 8-K filed by AmSouth with the Securities and Exchange Commission on October 18, 2005, or visit the Investor Relations Resource Center on AmSouth's web site at www.amsouth.com.
About AmSouth
AmSouth is a regional bank holding company with over $50 billion in assets, more than 685 branch banking offices and more than 1,200 ATMs. AmSouth operates in Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia. AmSouth is a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing, and trust and investment management services. AmSouth also offers a complete line of banking products and services at its web site, www.amsouth.com.
AmSouth Bancorporation Investment Community: List Underwood, 205-801-0265 or News Media: Rick Swagler, 205-801-0105
[headlines]
###Press Release############################
CSI Leasing, Inc. Selects SAP to Catalyze Change Processes
Largest Independent IT Leasing Company in the United States to Use SAP® Leasing to Improve Global Operations
BOCA RATON, Fla. - SAP AG (NYSE: SAP) announced that CSI Leasing, Inc. has selected the SAP® Leasing application as its foundation for growth and catalyst for improving the integration of processes across its domestic and international operations. CSI, the largest independent IT leasing company in the United States, also expects to better maintain its information technology governance overall using the leasing application, which leverages functionality from mySAPT Business Suite solutions. The announcement was made at the ELA 44th annual convention '05, being held in Boca Raton, Florida, October 23-25.
"CSI Leasing is currently preparing for the next phase of global growth and we needed a scalable system to enable the consolidation of our subsidiary processes and systems," said Ken Steinback, chief executive officer, CSI Leasing, Inc. "SAP Leasing will automate our leasing life cycle to produce efficient processes resulting in reduced costs and greater responsiveness to our customers."
SAP Leasing will enable CSI to consolidate its disparate legacy and manual systems into a single, integrated platform to better manage all leasing processes. Part of SAP's portfolio of transactional banking applications, SAP Leasing provides a straight-through and end-to-end solution to facilitate comprehensive leasing processes, tapping functionality from mySAP Business Suite solutions for customer relationship management, enterprise resource planning and financials. Based on the flexible architecture of the SAP NetWeaver® platform, the leasing application allows companies to gain business intelligence from all functional areas and locations.
"CSI Leasing joins a distinguished group of leasing companies who have selected SAP Leasing as their solution of choice to automate processes for effective management of the entire leasing life cycle," said Jim Hughes, senior vice president, Financial Services, SAP America, Inc. "Effective change processes are critical to leasing companies. SAP Leasing optimizes these processes resulting in improved customer service and overall improved profitability."
About SAP
SAP is the world's leading provider of business software solutions*. Today, more than 29,800 customers in over 120 countries run more than 100,600 installations of SAP® software-from distinct solutions addressing the needs of small and midsize enterprises to suite solutions for global organizations. Powered by the SAP NetWeaver® platform to drive innovation and enable business change, mySAPT Business Suite solutions are helping enterprises around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP industry solutions support the unique business processes of more than 25 industry segments, including high tech, retail, public sector and financial services. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at <http://www.sap.com>)
(*) SAP defines business software solutions as comprising enterprise resource planning and related software solutions such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright © 2005 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Andrea Robillard, SAP, +1 (610) 661-4487, andrea.robillard@sap.com, EDT
Shoshana Lombardi, Burson-Marsteller, +1 (202) 530-4550, shoshana_lombardi@was.bm.com, EST
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com
[headlines]
###Press Release############################
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Today's Top Event in History
1929-What became known in history as the "Tea Pot Dome" Scandal, this day Albert Bacon Fall, secretary of the interior in President Warren Harding's, cabinet, was found guilty by Justice William Hitz of the District of Columbia Supreme Court for accepting a bribe of $100,000 from Edward Doheny of the Pan-American Petroleum and Transport Company for granting valuable oil leases in the Elk Hills Naval Oil Reserves in California. He was sentenced to one year in prison and was fined $100,000. Earlier, Harding, in a move subsequently deemed illegal by the Supreme Court, transferred responsibility for naval oil reserve lands to the Department of the Interior. The Secretary of the Interior, Albert B. Fall, went on to exploit those rights for his own gain, in 1922 secretly granting exclusive rights to the Teapot Dome reserve in Wyoming to the Mammoth Oil Company in exchange for cash and no interest "loans." He granted rights to the Elk Hills and Buena Vista Hills reserves in California to the Pan American Petroleum Company in 1921-22 for similar compensation.
1930-Birthday of Hanna Holborn Gray, as president of the University of Chicago (1978) she became the first woman to head a major coeducational university in the U.S. She had been acting president of Yale University but took the Chicago post while the selection for Yale president was underway. Rumor had it that SHE because she was a SHE was not going to be named president. Yale officials deny it and have tried to claim a woman president without actually having had one by counting Gay's tenure as acting president as a regular president.
http://www.medaloffreedom.com/HannaHolbornGray.htm
http://www.teachtime.com/en/wikipedia/h/ha/hanna_holborn_gray.html
[headlines]
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This Day in American History
1741-Georg Wilhelm Steller discovers the Kiska Island in the Aleutian Island chain of present day Alaska.
http://memory.loc.gov/ammem/today/oct25.html
1764-Abigail Smith married a young lawyer by the name of John Adams.
Their union launched a vital 54-year partnership taking the couple from colonial Boston through the politics of revolution, to Paris and London and the world of international diplomacy, and finally to Washington, D.C., where they became the first presidential couple to occupy the White House . A talented commentator and chronicler of events with a broad knowledge of history, Abigail Adams left an important account of many of the events of the nation's founding in her letters. She and her husband corresponded regularly; first when he attended the Continental Congress and Constitutional Convention in
Philadelphia between 1774 and 1783, and again from 1789 to 1800, when she traveled between the family home in Quincy, Massachusetts, and Philadelphia, where John Adams was serving as the nation's first vice president before becoming its second president in 1797.
( lower half of: http://memory.loc.gov/ammem/today/oct25.html )
1848- the first railroad to run west out of Chicago was the Galena and Chicago Union Railroad, a constituent company of the Chicago and North Western Railway. Its first train was hauled by "The Pioneer," a 10-ton wood-burning locomotive, which left Chicago this day for Oak Park, five miles away. The North Western rails reached the Missouri River at Council Bluffs, IA, in 1867.
1864-Confederate President Jefferson Davis meets with General John Bell Hood at Hood's Palmetto, Georgia, headquarters to discuss the recent misfortunes of the Army of Tennessee. Since Hood had assumed command of the army in July, he had launched an unsuccessful series of attacks on Union General William T. Sherman's forces, endured a month-long siege in Atlanta, and was finally forced to abandon the city. Now, Davis journeyed to Georgia to shore up the sagging morale of his leader and troops. The most pressing problem was dissent within the Confederate command. Leading generals began feuding and pointing fingers to assign blame for the disastrous Atlanta campaign. Hood blamed General William Hardee, commander of one of Hood's three corps, for the loss of Atlanta, and Hardee demanded removal from Hood's authority. After conferring with Hood, Davis reassigned Hardee to the Department of South Carolina, Georgia, and Florida. Even though Hardee was the most able corps commander, Davis personally selected Hood to command the Army of Tennessee in July, and refused to admit his mistake. Unfortunately for the Confederates, Hood invaded Tennessee in the late fall, and by Christmas he saw his once-grand army virtually destroyed. On his return trip to Richmond, Davis gave a speech at Columbia, South Carolina, in which he gushed about Hood's prospects. In doing so, he let slip important information, saying that Hood's eye was set "upon a point far beyond that where he was assailed by the enemy." Sherman read the quote in a newspaper a few days later and guessed, correctly, that Hood intended to move back into Tennessee to cut Sherman's supply lines. Sherman planned his fall strategy accordingly, sending part of his army to deal with Hood while he took the rest across Georgia.
1914 -- Poet John Berryman born McAlester, Oklahoma.
http://www.poets.org/poets/poets.cfm?45442B7C000C00
1918-Bassist Chubby Jackson born, New York City. Also wrote many tunes, including the famous "Northwest Passage" for Woody Herman
1923-The first meeting of the Senate subcommittee to investigate the Teapot Dome oil leases was held, with Sen. Thomas UJ. Walsh, Democrat of Montana, as chairman. Walsh had used the 18 months since his appointment as chairman to study the case, and during the time public interest in it had died down. It was quickly reawakened by the hearings.
1926- Reedman Jimmy Heath born, Philly.
1929-What became known in history as the "Tea Pot Dome" Scandal, this day Albert Bacon Fall, secretary of the interior in President Warren Harding's, cabinet, was found guilty by Justice William Hitz of the District of Columbia Supreme Court for accepting a bribe of $100,000 from Edward Doheny of the Pan-American Petroleum and Transport Company for granting valuable oil leases in the Elk Hills Naval Oil Reserves in California. He was sentenced to one year in prison and was fined $100,000. Earlier, Harding, in a move subsequently deemed illegal by the Supreme Court, transferred responsibility for naval oil reserve lands to the Department of the Interior. The Secretary of the Interior, Albert B. Fall, went on to exploit those rights for his own gain, in 1922 secretly granting exclusive rights to the Teapot Dome reserve in Wyoming to the Mammoth Oil Company in exchange for cash and no interest "loans." He granted rights to the Elk Hills and Buena Vista Hills reserves in California to the Pan American Petroleum Company in 1921-22 for similar compensation.
1930-Birthday of Hanna Holborn Gray, as president of the University of Chicago (1978) she became the first woman to head a major coeducational university in the U.S. She had been acting president of Yale University but took the Chicago post while the selection for Yale president was underway. Rumor had it that SHE because she was a SHE was not going to be named president. Yale officials deny it and have tried to claim a woman president without actually having had one by counting Gay's tenure as acting president as a regular president.
http://www.medaloffreedom.com/HannaHolbornGray.htm
http://www.teachtime.com/en/wikipedia/h/ha/hanna_holborn_gray.html
1939 - A west coast hurricane moved onshore south of Los Angeles bringing unprecedented rains along the southern coast of California. Nearly five and a half inches of rain drenched Los Angeles during a 24 hour period. The hurricane caused two million dollars damage, mostly to structures along the coast and to crops, and claimed 45 lives at sea. "El Cordonazo" produced 5.66 inches of rain at Los Angeles and 11.6 inches of rain at Mount Wilson, both records for the month of September.
1940- the first US Army general who was African-American was Benjamin Oliver Davis, commanding officer of Harlem's 369 th Coast Artillery ( National Guard), was appointed to command a brigade in the 2 nd Cavalry Division at Fort Riley, KS, with the ran of brigadier general.
1942- Singer Helen Reddy Birthday
http://www.helenreddy.com/
1949---Top Hits
You're Breaking My Heart - Vic Damone
That Lucky Old Sun - Frankie Laine
Someday - Vaughn Monroe
Slipping Around - Margaret Whiting & Jimmy Wakely
1955-Birthday of Robin Eubansk, Philadelphia, PA
1955-The Tappan Stove Company, Mansfield, OH introduced at a press conference the first electronic range for consumers. A 220-volt electric current produced microwaves that cooked eggs in 22 seconds, bacon in 90 seconds, frozen broccoli in 4.5 minutes, and a five-pound roast in 30 minutes. The retail price of the range was$1,200. Earlier, in 1952, the first microwave for home use was introduced by Tappan, selling for $1,295. This was the first electric and microwave oven combined as everything for the domestic market was gas operated
1957---Top Hits
Honeycomb - Jimmie Rodgers
Jailhouse Rock - Elvis Presley
Hula Love - Buddy Knox
Wake Up Little Susie - The Everly Brothers.
1959-Mob assassins shoot Little Augie Carfano to death in New York City on Meyer Lansky's orders. Lansky, one of the few organized crime figures who managed to survive at the top for several decades, was estimated to have accumulated as much as $300,000,000 in ill-gotten gains by the 1970s.In June 1947, Lansky ordered the death of his old friend Bugsy Siegel in Beverly Hills, California. Siegel, who had been sent to the West Coast in order to establish a new mob presence, came up with the idea of building The Flamingo, Las Vegas' first major casino. Although built with mob money, Siegel refused to pay back the loan. When Lansky ordered the murder of Augie Carfano 12 years later, Carfano had been intruding on Lansky's gambling interests in Florida and Cuba. His death eliminated all competition and opened up emerging markets for Lansky in South America. During the 1960s and 1970s, Lansky made a special effort to stay out of the public eye and was fairly successful. He died in 1983.
1960 -- Martin Luther King, Jr. jailed in Decatur, Georgia. Held over on old traffic ticket charges, denied bail and sentenced to four months hard labor
http://nobelprize.org/peace/laureates/1964/king-bio.html
1960-The Accutron, the world's first electronic watch, went on sale. The watch, produced by Bulova Watch Company in Jackson Heights, New York, used transistorized electronic circuits and a miniature power cell, instead of a spring and gears, to move the watch's hands.
1962-- American author John Steinbeck awarded Nobel Prize in literature
http://www.educeth.ch/english/readinglist/steinbeckj/
http://www.steinbeck.org/MainFrame.html
http://almaz.com/nobel/literature/1962a.html
http://donswa.home.pipeline.com/writers.steinbeck.html
http://www.sjsu.edu/depts/steinbec/chron.html
1962- Aerial photos of offensive missile bases in Cuba were displayed to the UN by Ambassador Adlai Stevenson. He demands USSR Ambassador Zorin to answer regarding Cuban missile bases saying "I am prepared to wait for my answer until hell freezes over" The next day the U.S. Navy boarded and searched a Soviet-chartered freighter en route to Havana.
1964- in a game between the Minnesota Vikings and the San Francisco 4934s, Minnesota defensive end Jim Marshall picked up a fumble by 49er Quarterback Billy Kilmer and ran 66 years into the wrong end zone. His gaffe resulted in a safety, 2 points for San Francisco, but the Vikings still prevailed, 27-22.
1964-The Rolling Stones make their first appearance on "The Ed Sullivan Show"
1965---Top Hits
Yesterday - The Beatles
A Lover's Concerto - The Toys
Get Off of My Cloud - The Rolling Stones
Hello Vietnam - Johnny Wright
1970 - George Blanda replaced Daryle Lamonica, the Oakland Raiders injured quarterback. Blanda tossed three touchdown passes (19, 43 and 44 yards), taking the Raiders to an easy victory over the Pittsburgh Steelers, 31-14.
1971-"The Allman Brothers Band Live at the Fillmore East" goes gold just four days before leader Duane Allman loses his life in a motorcycle accident.
1972-The first women to became FBI agents completed training at Quantico, VA. the new agents, Susan Lynn Roley and Joanne E. Pierce, graduated from the 14-week course with a group of 45 men.
1973---Top Hits
Angie - The Rolling Stones
Midnight Train to Georgia - Gladys Knight & The Pips
Keep on Truckin' - Eddie Kendricks
Ridin' My Thumb to Mexico - Johnny Rodriguez
1980 - Barbra Streisand's "Woman in Love", from the number one album, "Guilty", was the number one song in the U.S. Both the album and the single were #1 for three weeks.
1981-- In Game 5, Pedro Guerrero and Steve Yeager's back-to-back solo home runs give the Dodgers a 3-2 victory which they won in the next game, making them world champions, beating the New York Yankees.
1981---Top Hits
Arthur's Theme (Best That You Can Do) - Christopher Cross
Start Me Up - The Rolling Stones
Step by Step - Eddie Rabbitt
Never Been So Loved (In All My Life) - Charley Pride
1982- "Newhart" premiered on television.. Bob Newhart starred in this sitcom as Dick Loudon, an author of "how-to' books who moved with his wife, Joanna (Mary Frann), to Vermont to take over the Stratford Inn. Regulars included Tom Poston as George Utley, caretaker of the inn, Steven Kampmann as Kirk Devane, the owner of the Minute Man Café, Jennifer Holmes as the maid, Leslie Vanderkellen and Julia Duffy as "princess" Stephanie Vanderkellen, who, through bad luck, had to take on the maid's job. Changes in the third season introduced the characters of Michael Harris (Peter Scolari), producer of Dick's talk show and Stephanie's squeeze, and the new owners of the cafe, Larry (William Sanderson) and his silent brothers, both named Darryl (Tony Papenfuss and John Volstad). The last telecast was Sept 8, 1990.
1983- An invasion of Grenada, an island nation in the Caribbean, was launched by U.S. forces a week after a bloody coup by pro-Cuban Marists. The guerillas murdered Grenada's top leaders. by Nov 2 the Department of Defense reported the end of the hostilities. U.S. casualties were listed as 18 dead, 115 wounded. The action was taken to restore order and protect the 11000 US citizens, mostly students, on the island.
1984 - John Cougar Mellencamp reached the two-million-dollar sales mark with his album, "Uh-Huh". Also, country group Alabama went to the three-million-dollar mark with two albums this day: "Feels So Right" and "Mountain Music". .
1986-The New York Mets won Game 6 of the World Series, 6-5, in 10 innings, over the Boston Red Sox. The Mets made a dramatic comeback in the last inning, scoring three runs after two were out. Twice down to their last strike, they bunched three singles, a wild pitch and a ground ball by Mookie Wilson that went through the legs of first baseman Bill Buckner to eke out the victory. This event was selected as one of baseball's 30 most memorable moments.
1986 - New Jersey-based rock band Bon Jovi rose to number one in the U.S. with their "Slippery When Wet" album. It was the number one album for eight -- count 'em -- eight weeks. Track listing: "Let It Rock", "You Give Love a Bad Name", "Livin' on a Prayer", "Social Disease", "Wanted Dead or Alive", "Raise Your Hands", "Without Love", "I'd Die for You", "Never Say Goodbye", "Wild in the Streets".
1987 - The World Series began in a dome for the first time and the team with the best record at home happened to play in that dome. The St. Louis Cardinals were pounded in the first game, but fought back and forced the series to seven games before the Minnesota Twins could claim the championship -- their first -- on this day.. The franchise's last championship came in 1924 as the Washington Senators.
http://www.sportingnews.com/archives/worldseries/1987.html
1987 - Hurricane Emily crossed the island of Bermuda during the early morning. Emily, moving northeast at 45 mph, produced wind gusts to 115 mph at Kindley Field. The thirty-five million dollars damage inflicted by Emily made it the worst hurricane to strike Bermuda since 1948. Parts of Michigan and Wisconsin experienced their first freeze of the autumn. Snow and sleet were reported in the Sheffield and Sutton areas of northeastern Vermont at midday.
1989---Top Hits
Miss You Much - Janet Jackson
Love Song - The Cure
Sowing the Seeds of Love - Tears For Fears
Living Proof - Ricky Van Shelton
1989 - Twenty-three cities in the south central U.S. reported record low temperatures for the date, including Topeka KS with a reading of 33 degrees, and Binghamton NY with a low of 25 degrees. Showers and thunderstorms in the southeastern U.S. drenched Atlanta GA with 4.87 inches of rain, their sixth highest total of record for any given day.
1993- The Southern California fire season began viciously when fires swept from the celebrity-studded beachfront homes of Malibu to the Mexican border. Blown out of the desert by the fierce Santa Anna winds, the fires destroyed suburban enclaves south of LA at Laguna Beach and northeast of LA at Altadena. As winds died down, firefighters appeared to gain control as the flames reached the Santa Monica Mountains, but the winds roared again, spreading the fire into Malibu-often jumping the Pacific Coast Highway to destroy the beachfront homes of the wealthy celebrities who lived there. Damage from the fires was estimated at more than $1 billion.
1998 - For the first time, all of the top five songs of the week were new entries: 1) Cher, "Believe"; 2) George Michael, "Outside"; 3) U2, "Sweetest Thing"; 4) Culture Club, "I Just Wanna Be Loved"; 5) Alanis Morissette, "Thank U".
World Series This Date
1987 Minnesota Twins
http://mlb.mlb.com/NASApp/mlb/mlb/history/postseason/mlb_ws_recaps.jsp?feature=1987
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Baseball Poem
God Protects Fools with Curveballs
by Tim Peeler
Going after her
Was chasing
A bad pitch,
A sharp curve
That tailed off
Into the dirt,
Evaded the end
Of my whirling bat.
Thank goodness
I only looked stupid
On the first strike.
Touching All Bases
Poems from Baseball
Tim Peeler
www.mcfarlandpub.com
[headlines]