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About the company: Located on the water in
beautiful Newport Beach, California.The environment is positive.

  Growing vendor based equipment leasing company
  Learn our value proposition
  2 Years Sales or Related Exp.
  College Degree Preferred
  You will work with people
that you can trust and respect
  Click here to learn more

Wednesday, October 8, 2008

Photo: Chevy Chase, Rodney Dangerfield, Dan Resin and Ted
Knight in “Caddyshack” - 1980
Actor, comedian, writer Cornelius Crane "Chevy" Chase born 8 October 1943, Woodstock, New York. One of, and perhaps the first, star of "Saturday Night Live," (33 episodes, 1975-2001) “I’m Chevy Chase
and you’re not! “ ---also well known for his portrayal of the character Clark Griswold in four National Lampoon's Vacation movies.


Archives---Early October, 2007
by Kit Menkin
    Classified Ads---Credit
        Sandy Spring Bank and Leasing
            We need your feedback---
Sales makes it Happen---by Christopher Menkin
“Get yourself a Warehouse Line”
    Classified ads---Help Wanted
        Web Site Ratings Leasing Media
AGLF 28th Annual Fall Conference Up-date
    ELFA October 12-14 Conference Up-date
        ELFA Study: Advantages in Leasing
            Damiani back at CIT as CFO Vendor Finance
                Ex-CIT Exec.joins LBC Credit Partners
Consumer borrowing falls to 1998 Level
    Asian stocks plunge 9.4%
        US meltdown hits Indian shores
            China hiring jobless Wall St. experts
                Tygris settles in Wilton office
U.S. Bank to replace Zions in food stores
    Government warns high winter heating costs
        Is there any good news? I doubt it
            News Briefs---
You May have Missed---
    California Nuts Brief---
        "Gimme that Wine"
Today's Top Event in History
    This Day in American History
        Baseball Poem
                Daily Puzzle
    Weather, USA or specific area
        Traffic Live----

######## surrounding the article denotes it is a “press release”


Archives---Early October, 2007
by Kit Menkin

October 1, 2007 the Office of Thrift Supervision closed NetBank.
ING Bank took over deposits and New South Federal Savings Bank, Birmingham, Alabama, has bought the nine internet NetBank, Alpharetta, GA offices. Leasing News had been reporting the "undercapitalized" bank, subprime mortgage failures, and inside information that was denied, but turns out to be correct as reported by Leasing News.

During this period NetBank Business Finance (Dwight Galloway's operation) was put on the block to bid. There were many stories in Leasing News and at the time I was speaking with the OTS in Washington, DC, although much of this work was being handled by the Dallas, Texas office. The chain of command was to talk with the OTS office in Washington, and most of the conversations were "off the record." It was obvious that there were a lot of subprime mortgage failures going on, that those who retired were being asked to come back with extra-pay. Talk was GE was going to buy Merrill Capital.
This is a year ago.

March 11, 2008
FAIRFIELD, Conn. – General Electric Co. Chief Executive Jeff Immelt on Wednesday said that revenue should rise by at least 10 percent to $195 billion this year for the industrial, financial and entertainment conglomerate.

“In 2008, we should hit all of our financial goals and outperform the S&P 500,” he said in a message to investors in GE's annual report.

March 28, 2008

"The Federal Deposit Insurance Corporation is reportedly beefing up its bank failure unit with plans to hire 140 new employees. The FDIC hopes to have up to 380 employees in its Division of Resolutions & Receiverships.

During the interviews regarding the sale of NetBank, Leasing News was told by the Office of Thrift Supervision (OTS) that more banks to fail. At the end of the year, the OTS starting hiring, plus calling
previous employees from retirement."

Stories appeared in Leasing News about the mortgage loan problems in 2006 and grew in 2007. By the end of 2007, the FDIC and OTS were taking action as they were keenly aware there were very
serious problems ahead…



Classified Ad---Credit

Seattle , WA
Ex Irwin Employee , 15+ years in small ticket/commercial banking with organizational and analytical skills to support achievement of overall corporate goals and objectives. Email:

For a full listing of all “job wanted” ads, please go to:

To place a free “job wanted” Leasing News ad:

ELFA Career Center: Job Seekers (free):



Sandy Spring Bank and Leasing

Sandy Spring Bancorp, Inc., (Nasdaq: SASR) the parent company of Sandy Spring Bank, OLNEY, Md announced that it will record a $2.3 million pretax, non-cash charge in its third quarter earnings related to impairment of goodwill associated with the Company's leasing subsidiary, The Equipment Leasing Company. It is anticipated that this goodwill adjustment will effect third quarter earnings by $.08 per share on an after tax basis.

“Due to the extreme volatility in the current markets and the lack of pricing data to value the leasing portfolio, this represents the company’s best estimate of impairment at this time,” Sandy Spring said in a statement. “This impairment valuation will be reviewed again and adjusted, as necessary, in the fourth quarter.

Sandy Spring’s (NASDAQ: SASR) net income fell 30 percent last quarter from year ago levels as it set aside more money to cover bad debts.

About Sandy Spring Bancorp/Sandy Spring Bank

“With $3.2 billion in assets, Sandy Spring Bancorp is the holding company for Sandy Spring Bank and its principal subsidiaries, Sandy Spring Insurance Corporation, The Equipment Leasing Company and West Financial Services, Inc. Sandy Spring Bancorp is the second largest publicly traded banking company headquartered in Maryland. Sandy Spring is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Sandy Spring Bank was founded in 1868 and offers a broad range of commercial banking, retail banking and trust services through 42 community offices in Anne Arundel, Carroll, Frederick, Howard, Montgomery, and Prince George's counties in Maryland, and Fairfax and Loudoun counties in Virginia.”



We need your feedback---

In the September 29th edition Al Schuler, US Department of Agriculture, gave a summation of the Savings and Loan 1989 downturn and how long that took to recover. It was $250 and by the latest numbers it is now over $1 trillion, including the various buy-outs, rescue plan, $25 billion to the Detroit auto industry, and it looks like even more.

Jim Cramer

I saw Jim Cramer on the NBC Today Show urging all investor who has money they may need in the next five years tied to stocks to pull their money out; “I don’t want people to get hurt in this market.”

It will take time for the new “rescue plan” to get organized, and not matter who is elected president, there will be further delays. After the Savings and Loan management group got established, it took over a year for the stock market to bottom out, meaning even though there is a lot more money involved today, the best is October, 2009, market to stabilize, 2010, and housing market to bottom, 2011 and then we are facing another presidential election.

Cramer gave his rationale and the numbers coincided with the 1997 stock market downturn that took five years, meaning today 2013 and thus his prediction going from 20% out a week ago to if you need cash in the next five years, don’t look for the stock market---although those who can play, go for the long run, as it will come back---in five years.

RTC Home Price Recovery:

RTC Jobless peak

The great factor keeping the economy going was consumer confidence as well as availability to credit. As city, counties, states, and the federal government keeps cutting back as to lack of property tax,
sales tax and income tax revenue and non-government unemployment keeps rising, it affects credit, the willingness as well as ability to spend. Perhaps as important, or more important, where is the
government going to go to pay for all the money it has printed for all the rescue and costs for a war in Iraq, aid for fires, hurricanes, and other disasters?

If readers have any ideas, please send them so we can post them
for all of us to share:

Jim Cramer inverview:



Please send this news edition to a colleague. We are “free.”

Sales Make it Happen --- by Christopher Menkin

“Get yourself a Warehouse Line”

A Warehouse Line enables you to “fund leases” to discount or borrow against recourse or non-recourse with specific stipulations.

Before getting into this aspect and its history, a “Warehouse Line” allows you also to pay a seller of equipment much faster than waiting for all paperwork to be complete, speeding up the process tremendously. In this tightening money situation, it gives you the ability to pay vendors half with the order, or to form a multi-lease, paying in any increments you choose. Today vendors are hungry for cash, plus also becoming even more particular in how fast they are going to be paid. This is a tremendous advantage in the street.

While some funders offer this today, including an interest only form on the money advanced, the profit comes in not only being able to attract more vendors, control the rate and margin of the transaction, but in additional profits by using the lease factor on the money advanced in the lease factor. In addition, in better control of the sale of the “master lease” and its advantages,
often a fee of 2% can be included. This is not an uncommon practice in the financial industry. Encourage more “master leases” from multiply vendors.

Not only does the “Warehouse Line” allow you to create more sales, but more income too. You are not only collecting on the increase rate in the sell, but the principal too (which is all profit in interim rent.)

Many banks and funders will issue these lines of credit based on viewing the credit of the company obtaining the “master lease” and/or viewing the approval from the company who is going to fund the transaction, rather than your own net worth or history. Of course, the better your credit, net worth, and history, the larger the line of credit, better terms, and perhaps even several warehouse lines of credit.

When you are able, have a second bank, which will help in negotiations with the first bank, and perhaps more importantly, if one bank changes the terms and conditions, you have a second backup with no business disruption.

Again, it depends on your personal and/or company’s creditworthiness as to what you may obtain. It also depends if it is a community bank or regional bank or your personal relationship, meaning your network of friends.

The idea is to start, manage it well, and with history be able to increase the line of credit.

The first pitfall is credit changes before the final “take out” transaction is completed. Rate changes can be protected, but say in collecting the “interim rent” the check bounces. The master lease takes six months, not two, or even longer. You learn there is fraud involved.
There are a long lists of other things that can go wrong.

It is best to start small, funding solid credits in advance to obtain the vendor business, learning the mechanics, and getting your feet wet. The more transactions you do, the more experience you will gain in what you overlooked and what can go wrong.

Another piece of advice is to only use the line for lessees an hour driving distance from your office. You can visit them. See what is going on. Have a better relationship and anticipate pitfalls.

You can also have a recourse line, as the credit may expire, and you are either allowed to keep the transaction in your warehouse line or have a recourse line to carry your own leases. This is
extremely dangerous in this economy. Be prepared to drive every month to the lessee to pick up a check and “hammer” it in their bank ( I have done this too many times to recount.)

Do not jump in nationwide thinking that a top credit will protect you. It is naïve. Youl find out the hard way as staffs grow because problems grow. It may look easy, but it is definitely not.
Be very careful. Be scared.

The “Warehouse Line” has many other uses today. It has enabled small lessors to both get away from recourse lines and seek non-recourse lines, often at lower rates, plus attract more
sales either directly and/or through others lessors in different marketplaces. Before computer software accounting, lessor non-recourse was on a “deal by deal basis,” although there were larger lessors and banks who could collect a large number of leases and “lay them off” in $1 million and $5 million portfolio’s. Computer software brought this down to $500,000, and giving the lessor more sources for various collections of portfolio’s. Today minimums can be $100,000 for small ticket items.

The warehouse line has created many brokers who call themselves lessors, and even funders. In reality, if you are not full recourse, meaning if the lease defaults, you payoff the transaction ( not trade it for another or pay it down over time) you are a broker with a warehouse line. Maybe you might be collecting the personal property tax or keeping up to date on the insurance or assisting or even making the collection calls, if you have to pay it back with cash, then you are a funder. It is really your money, not someone else’s.

Most of the leasing companies today use a warehouse line to either securitize or sell portfolio’s or use them for a larger line of credit, basically another warehouse line in reality. It often is also a
means to take a “deal off the street” while a search is made for the “take out.”

The accounting, operations, information required large staffs, a lot of overhead, so the players were limited, but as the computers grew fast, processed more, retained more, programs were written that controlled the accounting, accountability, and statistics of the leases. This enabled more non-recourse transactions, as well as making it economical for others to buy in smaller increments, particularly useful in the small ticket marketplace. It enable securitization of leases in smaller portfolio’s which could be bundled and re-sold again just like in real property mortgages. It also enabled, as Bill Gates originally said, a very small operation to compete with a very large operation.

Sales Makes it Happen articles:



Classified Ads---Help Wanted

Credit Professional

Credit Professional
Long Beach, California

Ground floor opportunity to join new and emerging powerhouse in the equipment finance and leasing industry; to play an integral role in our growth!
To learn more, click here.

We are an asset-based finance company specializing in  business equipment leases ranging from $500 to $5,000,000.

Vendor Sales Specialists

About the company: Located on the water in
beautiful Newport Beach, California.The environment is positive.

  Growing vendor based equipment leasing company
  Learn our value proposition
  2 Years Sales or Related Exp.
  College Degree Preferred
  You will work with people
that you can trust and respect
  Click here to learn more



Web Site Ratings Leasing Media

Alexa Ranks Leasing Media Web Sites

233,351  Leasing News
391,192  eLessors Networking Association
654,615 Monitor Daily
921,207 World Leasing News
720,763  Commercial Finance Association
824,634 Equipment Leasing and Fin. Association
683,588* National Assoc. of Equip Leasing Brokers
934,499 Ind Community Bankers of America
1,986,083 The Journal for Asset Finance
1,716,027  United Association of Equipment Leasing
2,586,374  Institute of International Container Lessors
No Data The Lease Blog
2,869,483  Exec Caliber-Jeffrey Taylor
2,955,854 Equip. Leasing & Fin Fndn
6,827,072  Assoc of Government Leasing  Financing
4,620,954*Eastern Association of Equipment Leasing
13,858,767   CLP Foundation
7,354,074  U.S.Banker
8,099,636 Leasing Notes
10,176,671 Leasing Press
9,705,626 The National Funding Assoc
No Data
21,413,371 Lean -Lease Enforcement Att Net
No Data
No Data Lease Assistant

David G. Mayer's Business Leasing and Finance News is not included in the Alexa report list as it does not have its own individual site and Alexa finds Patton Boggs, LLP Attorneys at Law.  The rating is not valid as it includes all those who visit and communicate with the law firm.  When Business Leasing and Finance News has its own individual web site, it will be included in the Alexa survey.

*It should also be noted that two web sites have their "list serve" posted via their site, meaning their e-mails are counted as a visit to the site, whereas they are "list serve" communication.  These are technically visits to the web site, but primarily to use "list serve."

The Alexa tool bar works on most browsers.
They are partnered with Google.

You may download their free tool bar A graph and analysis of the last three months are available



AGLF 28th Annual Fall Conference Attendance—Up-date

Who Should Attend the Association of Government Leasing and Finance Conference:
Those seeking insight into the Public Finance Sector as a new business opportunity, especially in lieu of the economy affecting the public sector…as well as experienced equipment leasing & finance professionals seeking to keep up with the latest product, administrative and legislative trends in the tax exempt and federal finance market.

Conference Brochure:

Nov 5-7, 2008
Arizona Biltmore Resort & Spa
Phoenix, Arizona

AGLF Member $800.00
Non-Member $950.00
Government Registration* $400.00
Spouse/Companion** $200.00

Those attending by company:
Those attending by last name:



ELFA October 12-14 Conference Up-date

Lease News Advisory Board member Shawn Halladay will be covering the Equipment Leasing and Finance Conference for Leasing News with a report from the conference plus wrap-up summation.

Shawn is managing principal of The Alta Group's Professional Development Division and has authored or co-authored eight books on equipment leasing, including "A Guide to Equipment Leasing," “An Introduction to Leasing" and "The Handbook of Equipment Leasing."
A member of the Equipment Leasing and Finance Association, Shawn serves on the editorial board for the Journal of Equipment Lease Financing

October 12-14
Equipment Leasing and Finance Association
47th Annual Convention
Hilton New Orleans Riverside
New Orleans, LA

October 2: Last day for receipt of mail-in registrations.
After this date, individuals should register or make substitutions on-site.

September 18--Last day to register and to be included in the pre-registration list.

Attendee List (“lite” version):

Conference Brochure (3.18mb download):

(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)


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

ELFA Study: Advantages in Leasing

2008 State of the Equipment Finance Industry Fact Sheet

Study Objectives

The Equipment Leasing & Finance Foundation commissioned Financial Institutions Consulting, Inc. to evaluate current trends, their potential impact on the equipment finance industry and to help provide focus for the future of the industry based on industry and global economic data and industry executive interviews. The study includes:

o Quantification of the size and scope of the equipment finance industry
o Identification of opportunities in the marketplace
o Provide insight to the current state of the industry and short-terms projections for equipment finance industry

Study Methodology

o Financial Institutions Consulting, Inc. methodology for this analysis incorporates statistical data, past client experience and in-depth industry executive interviews. Results from the Equipment Leasing and Finance Association (ELFA) annual Survey of Equipment Finance Activity (SEFA) was also used and reflects the fiscal year-end 2007 performance.

Key Industry Facts

American businesses, nonprofits and government agencies spend in excess of $1 trillion in capital goods or fixed business investment (including software/excluding real estate). We know that:

Equipment finance includes loans, leases, and lines of credit secured by plant or equipment assets

Examples of equipment financed includes commercial and corporate aircraft; rail cars and rolling stock; trucks and transportation equipment; business, retail and office equipment; manufacturing and mining machinery and equipment; IT equipment and software; vessels and containers; construction and off-road equipment; medial technology and equipment; rigs and drilling equipment; and plant and production facilities

Investment in plant and equipment utilization are primary to business operations and directly impact the commercial economy. Financing of such activity is a form of capital formation

The commercial equipment finance sector contributes to capital formation in the U.S. and abroad and plays a vital role in supporting the continued expansion of the U.S. economy by facilitating the exchange of capital for purposes of equipment investment.

The equipment finance sector provides a barometer of the commercial economy, be it trends in Cap Ex investment, credit availability, credit quality or asset values. ELFA issues monthly economic and other research to back this up (the MLFI-25 which tracks new business volume; aging receivables; charge-offs; credit approval and headcount). Key Study Findings:

o The current state of the equipment finance market is generally good, with slight volume growth.

o In times of economic uncertainty, companies rely on financing, particularly leasing, to preserve cash and enhance cash flow.

o For 2008, Global Insight, Inc. forecasts the total investment in equipment and software will exceed $1.15 trillion, a 2.3 percent increase over 2007. GI estimates end-users will finance approximately 57 percent of their equipment investment or about $652 billion, a 1.6 percent increase over 2007.

o In 2009, Global Insight projects that end-users will finance approximately $672 billion of their nearly $1.19 trillion of equipment t and software investment. It is expected that 57 percent of end-users will finance their equipment investment.

o Return to more traditional leasing products is anticipated as customers try to preserve cash and lower monthly payments in light of economic uncertainty.

o Those equipment financing companies able to fund through bank deposit will have a significant competitive advantage.

o Delinquencies and charge-offs remain the same as year-end 2007, even as the market softens. However, executives are increasing their reserve losses in anticipation of greater delinquencies and losses.

o Executives are evaluating their portfolios and are increasing their underwriting requirements and reducing their exposure in certain industries.

o Those with significant capital have an opportunity to leverage increasing margins along with current efficiency to generate significant profits.

o Energy, alternative energy and corporate aircraft markets are expect to outperform the industry through 2009.

The Equipment Leasing & Finance Foundation is the only nonprofit organization dedicated to providing future-oriented research about the equipment leasing and finance industry.

The Equipment Leasing and Finance Association is the trade association that represents companies in the $650 billion equipment finance sector which includes financial services companies and manufacturers engaged in financing the utilization and investment of and in capital goods.

Financial Institutions Consulting, Inc., (FIC) is a management consulting firm that focuses on developing fact-based strategic and tactical solutions for its clients. Its work centers on issues related to increasing growth and productivity. It possesses extensive experience with commercial finance and leasing clients as well as the middle market and small business segments. In addition to its U.S.-based work, FIC has completed engagements in over 20 countries around the world.
Company Information:
Name: Equipment Leasing and Finance Association
Address: 1825 K Street NW
City: Washington
State: DC
ZIP: 20006
Country: USA
Phone: 202-238-3400


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

Damiani back at CIT as CFO Vendor Finance

NEW YORK — — CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced the appointment of Alvaro Damiani as Chief Financial Officer, CIT Vendor Finance, Americas. In this role, Damiani will be responsible for the management of the financial operations, including general accounting operations, financial and portfolio analytics, strategic planning, budgeting and new business pricing.

“I am pleased to announce Al’s appointment”, said Ron Arrington, President, CIT Vendor Finance, Americas “Al’s extensive experience and knowledge of our industry and capital markets will be key in positioning our business for continued success.”

Damiani returns to CIT from CitiCapital, where he served as Senior Vice President of the Capital Markets Group, Senior Vice President /CFO of Citicapital Commercial Finance and Controller of Copelco Capital. Prior to joining Copelco, Damiani served as Assistant Controller for CIT Equipment Finance.

About CIT Vendor Finance
CIT Vendor Finance is a global leader in financing solutions that drive incremental revenues for manufacturers, distributors and other intermediaries. It provides customized financing solutions to customers in more than 30 countries, supporting a wide variety of industries, including office products, communications, healthcare, industrial equipment and technology.

About CIT
CIT (NYSE: CIT) is a global commercial finance company that provides financial products and advisory services to more than one million customers in over 50 countries across 30 industries. A leader in middle market financing, CIT has more than $70 billion in managed assets and provides financial solutions for more than half of the Fortune 1000. A member of the S&P 500 and Fortune 500, it maintains leading positions in asset-based, cash flow and Small Business Administration lending, equipment leasing, vendor financing and factoring. The CIT brand platform, Capital Redefined, articulates its value proposition of providing its customers with the relationship, intellectual and financial capital to yield infinite possibilities. Founded in 1908, CIT is celebrating its Centennial throughout 2008.


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

Ex-CIT Exec. Allan Allweiss joins LBC Credit Partners

Allan Allweiss, former Executive Vice President of CIT Commercial and Industrial, has LBC Credit Partners as a Managing Director responsible for the firm's newly opened Chicago office.

Prior to joining LBC, Allweiss was Executive Vice President of CIT Commercial and Industrial. His responsibilities included leading the sales and underwriting efforts for the Midwest, Southwest and West Regions of the United States and leading the Financial Services Vertical.

Prior to CIT, Allweiss spent nearly 15 years at Bank of America Business Capital and predecessor companies in various leadership positions, most recently as its Executive Vice President and Marketing Manager for the Midwest Region with responsibility for the sales function in 13 Midwestern states and the Ontario Province in Canada. Before joining Bank of America Allweiss was with Chrysler Capital, Citicorp and Sanwa Business Credit. He is an active member of the Association for Corporate Growth and past board member of the Chicago Chapter. He is also a past board member of the Venture Club of Indiana. Prior to starting his career in banking, he worked for over four years as an Economist for the Wisconsin Department of Revenue. Allweiss has a BA in Economics from Lawrence University in Appleton, Wisconsin and holds both an MBA degree in Finance and an MA in Economics from the University of Wisconsin - Madison.

"We are proud that Allan has brought his experience and expertise to our firm," said LBC's Executive Partner John Brignola. "His reputation, leadership skills and deep knowledge of the credit markets adds incredible value to all aspects of our business."

LBC Credit Partners is a leading mezzanine fund providing privately negotiated junior capital to middle market businesses with revenues generally less than $750 million and junior debt requirements of $10-$50 million. LBC's capital is flexible across industries, structures and situations, and follows a long-term approach to investing, adhering to a "lend and hold" strategy. LBC has invested in over 25 different industry sectors with investments taking the form of last-out senior loans, tranche B loans, second lien loans, mezzanine debt, and convertible debt and equity participations.

For information about LBC Credit Partners visit


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

News Briefs----

Consumer borrowing falls for the first time since January 1998

Asian stocks plunge 9.4% on unabated credit market woes

US meltdown hits Indian shores

China hiring jobless Wall St. experts

Tygris settles in Wilton office

U.S. Bank to replace Zions in food stores

Government warns of sharp increase in winter heating costs, especially for homes using oil,0,626998.story



You May have Missed---

New Google tool reveals marine protected areas



California Nuts Briefs---

Schwarzenegger May Seek Emergency Budget Session

Oakland Mayor Dellums' pricey Florida trip



“Gimme that Wine”

Wine Spectator Announces New Mobile Platform

French vintners fear worst sales since post 9/11

Dan Aykroyd Wines to Launch in the U.S.

Peet’s Coffee adds winery president to board

Oregon's lush Willamette Valley offers a vintners' bounty,1,992454.story

(This is a free “ad” for our good friends the Bateman’s,
proprietors of Thunder Mountain Kona coffee)

Wine Prices by vintage
US/International Wine Events
Winery Atlas
Leasing News Wine & Spirits Page
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.



Today's Top Event in History

1941 - The Benny Goodman Orchestra recorded "Buckle Down Winsocki", with Tom Dix as featured vocalist, on the Columbia label.


This Day in American History

    1775 –General George Washington, a slave owner himself in Virginia, convinces the Continental Army to bar slaves and free blacks from Continental Army as regular soldiers in a move to appeaser Southern states and recruit more soldiers, plus financial contributions. As the Revolutionary War spread through every region, those in bondage sided with whichever army promised them personal liberty. The British actively recruited slaves belonging to Patriot masters and, consequently, more blacks fought for the Crown. In 1777, with the war going badly and so many blacks joining the British, General Washington allowed blacks to fight, but not become regular soldiers. During the Revolution many African Americans also sided with the British. Particularly for enslaved blacks in the South, there was little guarantee that they would have any more freedom under the rule of the colonists than they did under the rule of the British. Indeed, in November 1775 Lord Dunmore, the royal governor of Virginia, issued a proclamation that any slaves who fled to his lines and assisted in suppressing the revolt would be given their freedom. This was a more enticing offer than the colonists made, as the Southern colonies generally would not recruit slaves to fight. Over 2,000 slaves joined Dunmore and became his Ethiopian Regiment. When the fighting moved South in 1779, thousands of slaves ran away from their masters and fled to the British lines. There they were often pressed into service as laborers, building fortifications around Charleston and Savannah. By the end of the war many blacks had served in some capacity. Many slaves who served in the military in Northern colonies were immediately freed. Many who had fled to the British or served with them were removed to Nova Scotia, and these Black Loyalists, finding Nova Scotia inhospitable, emigrated to Sierra Leone. In the South some slaves who had served with a verbal promise of freedom were later freed, while others were returned to slavery. The American Revolution raised a fundamental contradiction that America's founding fathers could not seem to reconcile. The foundational principles of the Revolution were life, liberty, property, and equality; yet in the colonies nearly one-fifth of the population was denied these rights. Most Northern colonies ended slavery soon after the Revolution. Vermont banned slavery in 1777, and a Massachusetts judge declared slavery unconstitutional in 1783. However, in the South, agriculture was far more dependent on slave labor. A few plantation owners, imbued with the revolutionary spirit, freed their slaves and resettled them in the Northwest Territory either upon the war's end or upon the owners' deaths. For the most part, however, Southern plantation owners simply imported more slaves to replace those who ran away, and slavery continued as America's basic contradiction. In his will, George Washington freed all his slaves, but not that of his wife's, considered separate property by his family. Washington also freed slaves while he was alive and attempted to have his neighbors have program to free slaves, but was not popular in his advocacy of all men are created equal and deserve to be free.
    1728- birthday of Rodney Caesar,(OS). Signer of the Declaration of Independence who cast a tie-breaking vote. Born near Dover, DE, he died June 26, 1784. Rod­ney is on a quarter issued by the US Mint in 1999, the first in a series of quarters that will commemorate each of the 50 states.
    1777-After the second Battle of Bemis Heights, near Saratoga, NY where the Americans routed a force of some 1500 British, Gen. Bourgoyne retreated to Saratoga.
    1862-Union and Confederate forces fought at Perryville, Kentucky in a one-day battle that repulsed the South's attempt to bring that border state into the Confederacy.
(lower half of: )
    1865- Earthquake in Santa Cruz Mountains (6.5 to 7.5, various ratings)
    1869 -- Inventor J(ames) Frank Duryea born Washburn, Illinois (1869). He and his brother, Charles, invented the first automobile to be actually built and operated in the US
    1871-The great fire of Chicago began, according to legend, when Mrs. O'Leary's cow kicked over the lantern in her barn on DeKoven Street. The fire leveled 3 ½ square miles destroying 17,450 buildings and leaving 98,500 people homeless and about 250 people dead. Financially, the loss was $200 million..
    1871 -- As Chicago blazes away some 200 miles to the south an even deadlier fire rips through Peshtigo, Wisconsin, completely razing the town and killing 600 of its inhabitants. Over a million acres of forest are also consumed. Considered to be the worst fire in the history of the United States.
    1890-Birthday of Edward V. Rickenbacker, American aviator, auto race and hero, born at Columbus, OH. Died July 23, 1973 at Surich Switzerland.
    1893- birthday of Clarence Williams, Plaquemine, LA, penned Royal Garden Blues, Gulf Coast Blues, I Aint' Gonna Give Nobody None of my Jellyroll.
    1896.- Dow Jones began reporting an average of the prices of 12 industrial stocks in the Wall Street Journal on this day. In the early years, these were largely railroad stocks. In 1928 Mr. Dow expanded the number of stocks to 30, where it remains today. Today, the large, frequently-traded stocks in the DJIA rep­resent about a fifth of the market value of all US stocks.
    1904-Birthday of great song writer W. C. Handy, Jr.,Clarksdale, MS
    1917 Drummer J.C. Heard birthday
    1918-Sergeant Alvin C. York, while in the Argonne Forest, France, and separated from his patrol, killed 20 enemy soldiers and captured a bill. 132 enemy soldiers and 35 machine guns. He was awarded the US Medal of Honor and French Crois de Guerra. Ironically, York had petitioned for exemption from the draft as a conscientious objector, but was turned down by his local draft board. A movie was made of this event starring Gary Cooper.
    1918--*COSTIN, HENRY G. Medal of Honor
Rank and organization: Private, U.S. Army, Company H, 115th Infantry, 29th Division. Place and date: Near Bois -de -Consenvoye, France, 8 October 1918. Entered service at: Baltimore, Md. Birth: Baltimore, Md. G.O. No.: 34, W.D., 1919. Citation: When the advance of his platoon had been held up by machinegun fire and a request was made for an automatic rifle team to charge the nest, Pvt. Costin was the first to volunteer. Advancing with his team, under terrific fire of enemy artillery, machineguns, and trench mortars, he continued after all his comrades had become casualties and he himself had been seriously wounded. He operated his rifle until he collapsed. His act resulted in the capture of about 100 prisoners and several machineguns. He succumbed from the effects of his wounds shortly after the accomplishment of his heroic deed.
    1924- In New York City, the National Lutheran Conference banned the playing of jazz music in the local churches.
    1930-Birthday of baritone sax player Pepper Adams, Highland Park, IL
    1933-Coit Tower dedicated in SF, a monument to firefighters .
    1934- Faith Riaggold birthday, Afro-American artist. Much of her art combines the feminist viewpoint and the black liberation movement. She changed her style from being based on white male European to African influences. She also started to work in fabric and soft sculptures, sometimes depicting women from Harlem with open mouths because black women need to find their voices. She has been criticized by some white critics and especially by black male artists who claim her work should be classified as crafts, not art. In 1984, she became professor of art at the University of California, San Diego.
    1938-For the Saturday evening Post cover for this date, Norman Rockwell chose to portray himself in quandary he frequently had to grapple with---trying to come up with a cover for the Post on deadline.
    1944--BROWN, BOBBIE E. Medal of Honor
Rank and organization: Captain, U S. Army, Company C, 18th Infantry, 1st Infantry Division. Place and date: Crucifix Hill, Aachen, Germany, 8 October 1944. Entered service at: Atlanta, Ga. Born: 2 September 1903, Dublin, Ga. G.O. No.: 74, 1 September 1945. Citation: He commanded Company C, 18th Infantry Regiment, on 8 October 1944, when it, with the Ranger Platoon of the 1st Battalion, attacked Crucifix Hill, a key point in the enemy's defense of Aachen, Germany. As the leading rifle platoon assaulted the first of many pillboxes studding the rising ground, heavy fire from a flanking emplacement raked it. An intense artillery barrage fell on the American troops which had been pinned down in an exposed position. Seeing that the pillboxes must be neutralized to prevent the slaughter of his men, Capt. Brown obtained a pole charge and started forward alone toward the first pillbox, about 100 yards away. Hugging the ground while enemy bullets whipped around him, he crawled and then ran toward the aperture of the fortification, rammed his explosive inside and jumped back as the pillbox and its occupants were blown up. He rejoined the assault platoon, secured another pole charge, and led the way toward the next pillbox under continuous artillery mortar, automatic, and small -arms fire. He again ran forward and placed his charge in the enemy fortification, knocking it out. He then found that fire from a third pillbox was pinning down his company; so he returned to his men, secured another charge, and began to creep and crawl toward the hostile emplacement. With heroic bravery he disregarded opposing fire and worked ahead in the face of bullets streaming from the pillbox. Finally reaching his objective, he stood up and inserted his explosive, silencing the enemy. He was wounded by a mortar shell but refused medical attention and, despite heavy hostile fire, moved swiftly among his troops exhorting and instructing them in subduing powerful opposition. Later, realizing the need for information of enemy activity beyond the hill, Capt. Brown went out alone to reconnoiter. He observed possible routes of enemy approach and several times deliberately drew enemy fire to locate gun emplacements. Twice more, on this self -imposed mission, he was wounded; but he succeeded in securing information which led to the destruction of several enemy guns and enabled his company to throw back 2 powerful counterattacks with heavy losses. Only when Company C's position was completely secure did he permit treatment of his 3 wounds. By his indomitable courage, fearless leadership, and outstanding skill as a soldier, Capt. Brown contributed in great measure to the taking of Crucifix Hill, a vital link in the American line encircling Aachen.
    1941 - The Benny Goodman Orchestra recorded "Buckle Down Winsocki", with Tom Dix as featured vocalist, on the Columbia label.
    1948-Winchell's Donut House Established. Since the grand opening of its first donut house in Temple City, CA, Winchell's has offered warm and fresh donuts from it sown specialty mixes featuring the finest ingredients. Winchell's even invented the apple fritter in 1964! For more than 50 years, Winchells donuts have been an American favorite, although Krystal Kreme Donuts are their main competitor today.
    1948- Facing only thirty batters, Indian rookie pitching sensation Gene Bearden five-hits the Braves for a 2-0 victory in front of 70,000 fans in Cleveland. The Tribe takes a 2-1 World Series game lead.
    1950-. “Your Hit Parade” premiered on TV. It began as a radio show in 1935. When it finally made it to TV, the format was simple: the show's cast performed the week's top musical hits. To keep viewers interest, since many of the same songs appeared wieldy, eye-catching production sequences were created. “YHP” was the start­ing point for many famous choreographers and dancers, including Tony Charmoli, Ernie Flatt, Peter Gennaro and Bob Fosse. Reg­ulars included Dorothy Collins, Eileen Wilson, Snooky Lanson and Sue Bennett. The show was overhauled many times and switched networks before leaving the air in 1959. A summer revival in 1974 was short-lived. The original sponsor was a cigarette company.
    1950- “Frank Sinatra Show” premiered on television. Mr.. Sinatra's first series was a musical variety show featuring regulars Erin O'Brien and comic Ben Blue. However, during its last season this show was cut from an hour to 30 minutes as it could not compete with “The Texaco Star Theater,” the most popular show of the time. This was during the period of his decline as a singer and personality.
    1953- Birmingham bans Jackie Robinson's Negro-White All-Stars from playing in the city. The white players are dropped from the team as Robinson gives in to city officials.
    1956- Don Larsen of the New York Yankees pitched the only perfect game in a World Series history. He defeated the Brooklyn Dodgers, 2-0, in Game 5. Larson threw 97 pitches, faced 27 batters, struck out 11 and lead the Bronx Bombers to a 2-0 shutout of the Brooklyn Dodgers in Game 5 of the Fall Classic. Pinch hitter Dale Mitchell, batting for Dodgers pitcher Sal Maglie, was called out on strikes for the last out. Game 6 Brooklyn beat the Yankees, 1-0 at Brooklyn, and the series was tied. Game 7, also at Brooklyn, the Yankees won 9-0.

Game 7  at Brooklyn  October 10, 1956

Team       1  2  3    4  5  6    7  8  9    R   H  E
NY         2  0  2    1  0  0    4  0  0    9  10  0
BRO        0  0  0    0  0  0    0  0  0    0   3  1

    1956—Top Hits
Honky Tonk (Parts 1 and 2) - Bill Doggett
Canadian Sunset - Hugo Winterhalter and Eddie Heywood
The Green Door - Jim Lowe
Hound Dog/Don't Be Cruel - Elvis Presley
    1957--Jerry Lee Lewis records his biggest hit, "Great Balls of Fire" as a follow-up to his six million seller, "Whole Lotta Shakin' Goin' On".
    1959- In Game 6, the Dodgers defeat the Go-Go Sox, 9-3, to win the World Series. Chicago's speed and quickness weren't enough to overcome Los Angeles hitting and pitching.
    1961 - New York Yankees' pitcher Whitey Ford set the World Series record for consecutive scoreless innings, while extending his streak to 32 in a 7-0 shutout of the Cincinnati Reds in Game 4. Ford added one more scoreless inning in the 1962 World Series to bring that consecutive scoreless inning total to 33. The previous record was 29-2/3 innings, held by Babe Ruth.
    1961 - Green Bay Packer's running back/kicker Paul Hornung set a Packer records for points scored in a game: 33. Hornung scored 33 points: four touchdowns, six extra points and one field goal. (The Packers beat the Baltimore Colts to, 45-7.)
    1964—Top Hits
Oh, Pretty Woman - Roy Orbison
Do Wah Diddy Diddy - Manfred Mann
Dancing in the Street - Martha and The Vandellas
I Guess I'm Crazy - Jim Reeves
    1966 -- A concert featuring Joan Baez, Mimi Fariña, Grateful Dead, Quicksilver Messenger Service, Ed Keating, and Don Duncan, to raise money for the Congressional District Write In Committee for Phil Drath and Peace.
    1974 - "Then Came You", by Dionne Warwicke and The Spinners, went solid gold this day. While the editors are poring over the proper spelling of her name, might we add that due to some superstitious feeling having to do with astrology, the former Ms. Warwick changed her name for good luck to Warwicke. It apparently worked. When she went on her own, she changed her name back to the original spelling. Tunes like, "I'll Never Love This Way Again", "Deja Vu" and hits with Johnny Mathis, Luther Vandross and some friends made it OK to be just Dionne Warwick again.
    1975-In the first basketball game played at the Louisiana Superdome in New Orleans, the San Antonio Spurs of the American Basketball Association defeated the Atlanta Hawks of the National Basketball Association, 109-107, in an exhibition.
    1977-Billy Joel's breakthrough album, The Stranger, enters the Billboard album chart.
    1979 - "Sugar Babies" opened at the Mark Hellinger Theatre on Broadway. The star of the hit show was also making his debut on the Great White Way. Mickey Rooney, who had been acting since the 1930s, once again delighted one and all with his performance.
    1984 - Anne Murray won the Country Music Association's Album of the Year Award this day for "A Little Good News". Murray was the first woman to win this award.
    1986- The first North American Congress on the Holy Spirit and World Evangelization opened in New Orleans. It drew 7,000 leaders from 40 denominations, and stressed the part which the charismatic experience plays in evangelization.
    1987-Chuck Berry is awarded a star on the Hollywood Walk of Fame. His film biography, "Hail, Hail Rock and Roll" premiers that night.
    1987 - Unseasonably cold weather prevailed from the Upper Mississippi Valley to the southeastern U.S. Thirty cities reported record low temperatures for the date, including Madison WI with a reading of 22 degrees. The low of 28 degrees at Evansville IN was the coolest of record for so early in the season. Hot weather continued in the southwestern U.S. Phoenix AZ reported a record high of 104 degrees and a record tying 116 days of 100 degree weather for the year. Tucson AZ established an all-time record with 72 days of 100 degree weather for the year.
    1989 - Morning lows in the 20s were reported from the Northern Plains to the Upper Great Lakes. International Falls MN and Marquette MI reported record lows of 22 degrees. Unseasonably warm weather prevailed in central California as the Oakland Athletics won the American League pennant. San Luis Obispo CA reported a high of 99 degrees.
    1990-Native American Day was celebrated in South Dakota in place of Columbus Day.
    1991 - A U.S. District Court in Anchorage, Alaska, approved a $900-million settlement (annual payments stretched over ten years) with Exxon Shipping Company (Exxon Oil Corporation) for the Valdez oil spill. Exxon also agreed to pay a $250-million fine, which would reimburse the state of Alaska and the U.S. for the costs of cleanup, damage assessment and litigation.
    1992-The U.S. Postal Service announces a commemorative stamp booklet that includes rock legends Bill Haley, Buddy Holly, Elvis Presley and Ritchie Valens plus RandB stars Clyde McPhatter, Otis Redding and Dinah Washington.
    1997-Center Adam Oats of the Washington Capitals scored three goals and two assists to move past the 1,000 mark in career NHL points. Oates finished the night with 1,004 points as Washington defeated the New York Islanders, 6-3.

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



Baseball Poem

Baseball Poem

The Batter

From the book

That Sweet Diamond

by Paul B. Janeczko, Carole Katchen (Illustrator)

He approaches the plate,


swinging smoothly

in slow motion

knowing his choice is simple:

swing or not.


As he paws

the back line of the batter's box,

matching concentration and stare

with the pitcher,

he knows




makes failure likely.


Pitcher rocks.


Batter waits.


Then, in the time it takes

a happy heart to beat,





The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?



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