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Friday, September 17,2004

Headlines---

 

    Classified Ads---Doc. Mngr. / Finance / Legal

        Illinois AG Subpoenas 9 Leasing Companies                  

            "Wall Street's Positive Tone is Sweet Music"

    "Survey Says Leasing Salary Budgets Declined in 2004"

        "What Asset Managers are Saying"

            Cartoon

    Weekly Bulletin Board Complaint Report

        Classified Ads---Help Wanted

            Electro Rent Higher Revenue and Net Income

    News Briefs---

        Sports Briefs---

            "Gimme that Wine"

                This Day in American History

                    Baseball Poem

 

 

        Pac Bell, here I come--I've got tickets for the game, too

http://www.usatoday.com/sports/baseball/games/2004-09-16-giants-brewers_x.htm

 

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

 

 

 

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Classified Ads---Documentation Manager / Finance / Legal

 

Documentation Manager: New York, NY.

10+ years in equipment leasing/secured lending. Skilled in management & training, documentation, policy and procedure development & implementation, portfolio reporting. Strong work ethic.

Email: dln1031@nyc.rr.com

 

 

Finance: Chicago, IL

Experienced in big ticket origination, syndication, valuation and workout. Twenty five years, MBA, CPA, JD, LLM (Tax), structuring specialist. Inbound and outbound transactions.

Email: pal108381@comcast.net

Transaction Summary Website: www.tlgattorneycpa.com

 

Finance: Austin, TX.

20+ years all facets of lease/finance. Collection and credit management. Equipment & rolling stock structuring. $150k credit authority, $100 million portfolio management.

Email: texmartin@juno.com

 

Finance: Lyndhurst, NJ

CFO w/20+ years leasing/financing. Respected by lenders/rating agencies full & fair financial reporting. Outstanding record restructuring debt. Adept at investor relations and mentoring people.

Email: joemcdev@aol.com

 

Finance: San Jose, CA.

15+ years sourcing debt, managing cash and receivables and other treasury functions. Strong background in credit, contract administration and bankruptcy litigation experience. MBA Finance.

Email: raycis@comcast.net

 

Legal: Los Angeles, CA

Experienced in-house corporate and financial services attorney seeks position as managing or transactional counsel. Willing to relocate.

Email: sandidq@msn.com

 

 

   full list of all “job wanted” ads at: 

http://64.125.68.90/LeasingNews/JobPostings.htm

 

[headlines]

------------------------------------------------------------------------

 

Illinois AG Subpoenas 9 Leasing Companies re: Norvergence Leases

 

 

“The Illinois attorney general's office issued eight subpoenas Wednesday as part of a probe into an alleged scam that left hundreds of Illinois businesses without phone service but on the hook to pay for worthless equipment.”

http://www.chicagotribune.com/business/chi-0409160267sep16,1,2553307.story

 

[headlines]

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"Wall Street's Positive Tone is Sweet Music"

 

  ELT News

 

Members of Equipment Leasing Association's Capital Markets Committee met with ratings agencies on Tuesday, September 14, getting a distinctly positive reception. In presentations to Moody's and S&P, ELA focused on:

 

An overview of industry performance.  Private equity and other current funding strategies for non-public companies. Current trends in M&A activity and company valuations. Public equity and debt markets for commercial finance companies. Current volume and practices in CP conduit and securitization activity.

 

[For the complete meeting agenda and a copy of ELA's Powerpoint presentation, go to http://www.elaonline.com/FundingSource/index.cfm#ratings]

 

ELA presented a story of flat to declining industry volume but stronger portfolio quality and profitability, which are important to investors. Most of the decline in volume is associated with declines in Large Ticket activity and business done by independents.

 

For the rest of this story, go to http://www.elaonline.com/news/MembersOnly/news_report.cfm?id=5192

 

[headlines]

-------------------------------------------------------------------------------

 

"Survey Says Leasing Salary Budgets Declined in 2004"

 

ELTnews

 

The Equipment Leasing Association’s 2004 Leasing Industry Compensation Survey reported that 2004 salary budgets, as a percent of total payroll, declined in all employee categories. Executive and Middle Management salary budgets for the year declined 3.3% and 3.5%, respectively, when compared to 2003 salary budgets. Exempt- and Non-exempt employee pay budgets declined as well.

 

The ELA 2004 Leasing Industry Compensation Survey was administered by SemlerBrossy Consulting Group. The Survey report, released in August, summarized leasing industry pay practices as collected from 40 of the ELA’s leading members. Included in the report is comprehensive pay data (salary, short- and long-term incentives) for 33 unique leasing positions along with extensive information on pay administration and incentive design for leasing organizations. To order a copy of the Survey, go to http://www.elaonline.com/Store/ProductDetail.cfm?product_code=RINDCOMP04 .

 

For more information about the project, contact

Bill Choi at ELA,

(703)516-8380 or

bchoi@elamail.com

 

 

[headlines]

-------------------------------------------------------------------------------

 

 

"What Asset Managers are Saying"

 

  ELT news

 

The Equipment Leasing Association Equipment Management Committee conducted its summer meeting September 2 at ELA headquarters in Arlington, Virginia. In addition to planning the February 13-15, 2005 ELA Equipment Management Conference & Exhibition in Tucson, the committee made plans to conduct an asset management benchmarking survey and decided to produce a Maintenance & Return Provisions Guide, which will be available at the conference.

 

Among the sound bites recorded at the committee meeting were the following:

 

•Busy funding backlogs and buying portfolios

•Remarketing and residual income is higher than expected in various equipment market segments

•Truck/trailer marketplace is very strong right now; pent-up demand; should be strong next couple of quarters

•Service provider business is picking up

•Business slow up until July/August: stronger now

•Pricing power has returned to the market; strong residual realizations for “any asset made of steel”

•Seeing a lot of Sarbanes-Oxley issues

•Spreads are improving; earnings very strong; but volume is not great

•We’re meeting our volume and gain targets (particularly in our small-ticket business); finding it hard to sign up new vendor programs; fee business in large ticket deals very strong

•Residual value insurance business strong; transportation industry healthy and getting healthier

[headlines]

 

 

 

[headlines]

 

 

 

Weekly Bulletin Board Complaint Report

 

 

“Kit, normally I support your point of view and value your service.

However, regarding the issue of Phoenix Alliance not returing a deposit to a customer, I am surprised and deeply disappointed in the role that you are assuming here.

 

“You are not a regulatory agency, either government or private. Yours is also not a membership organization where dues paying members have signed a code of ethics and agreed to open their business affairs to the scrutiny of others and to appoint you as an arbitrator or ombudsman in affairs like this.

 

“To my knowledge, you are also not operating as a law firm retained by the supposedly aggrieved party.

 

“This is very disappointing. “

 

Steve Nardi

Ramsgate Leasing

 

Since establishing a web site over four years ago, Leasing News

has printed both “alerts” and “Bulletin Board Complaints”

in the newsletter and then posting on the internet .During this time we have been of assistance in over 600 complaints, most settled with the return of “advance rentals.”

 

We also have “Letters of Engagements” available to spell

out costs, commitment, and what may be retained or

returned:

 

http://www.leasingnews.org/Conscious-Top%20Stories/

Engagement_letters.htm

 

The news media tradition of acting as an “ombudsman” goes back

to the 19th century.  Today radio, television stations, and the internet

have its “ hot line” to not only “air” complaints, but to warn others,

and also to obtain specific help.

 

Our “Mission Statement” from our web site reaches high:

 

“The Mission of ‘The World’ newspaper

“’An institution which should always fight for progress and reform; never tolerate injustice or corruption; always fight demagogues of all parties; never belong to any party; always oppose privileged classes and public plunder; never lack sympathy with the poor; always remain devoted to the public welfare; never be satisfied with merely printing the news; always be drastically independent; never be afraid to attack wrong, whether by predatory plutocracy or predatory poverty.”

October 30,1911 Frank J. Cobb, editor, “The World”  His statement is a quote from the publisher Joseph Pulitzer's retirement speech on April 10,1907.

These Weekly Reports have been “from time to time,” and the

original purpose was to give readers an idea of what was happening,

and often, leverage to help get an issue settled.  There appears

to be three groups: ones that live off “advance rentals,” those

who return the money despite the circumstances, and the third,

the old guard, who believe they are entitled to the money for

the time they put into it, even though they can’t get the lease

approved, or the lessee did not divulge the reason why they

can’t get the lease approved.

 

There are also other circumstances, such as:

 

#1 Broker from Florida

 

A super broker in the Northeast sent the broker from Florida a check

for a medium four figure as commission, but the check bounced.  The

super broker has told the broker he is going to make the check good,

and has been saying that for three months.

 

A copy of the “NSF” check and other communication was submitted.

 

The Superbroker told Leasing News the reason he did not have the

money was because an attorney garnished his bank account.  He

said he had three commissions coming in from three deals, and as

soon as they came in, he would make the check good.

 

The Florida broker said he has been saying that for two months.

Leasing News told the superbroker that if a cashier’s check

was not sent by Federal Express within two weeks, we would

publish the complaint.  If sent, the broker said he would withdrawn

the complaint.

 

#2  Vendor was a Leasing Broker

 

A growing trend of brokers not only going through legitimate

dealer lease lines that are “more liberal” than going direct

has changed into leasing brokers actually become equipment

dealers.

 

This involves a 938F Caterpillar.  The seller went to a Colorado

equipment appraiser, who recommended a leasing broker.

To obtain a commission in the transaction, the appraiser bought

the equipment and then sold it for a higher price to the Leasing

Broker, who pretended to an equipment dealer, who sold

the equipment to a legitimate dealership who utilized their

bank to lease the equipment to the original seller of the

equipment ( it was a form of a “sale/lease back.”

 

Now, here is where it fell apart.  The broker kept $8,500, paying

only partial for the Caterpillar to the appraiser.  The broker

was then allegedly involved in a car accident and did not

have the funds to pay the $8,500.

 

The appraiser went to the legitimate dealership, who said they passed

the title on to the bank.  The bank then claimed they had “free title”

to the equipment, and any dispute would be between the original

owner and the dealer.  The original owner received his money, as

did the legitimate dealer, so they had no “gripe” nor did they

want to get involved in the transaction.

 

The appraiser wants his money back from the broker who was

posing as a dealer to get the equipment financed.

 

#3   Florida Super Broker

 

“I was referred to you by Bob Baker of Wildwood FS Group.  He strongly recommended I get in touch with you regarding ******.

 

“They are currently holding almost $100,000 of my money and I am spearheading an effort to go after them.

 

“I have talked to many people and done a lot of research.

 

“I would like to talk to you and see if you can help us with a story to get possible injured parties to contact us for a class action CRIMINAL suit.”

 

 (name with held)

 

#4   Leasing Company Concern

 

“I have 12 examples but I will give you just one for your thoughts. ******** represented themselves to us as a "Lease Consultant" and not a broker. We were very concerned because if they were a broke they would have to deal with *********, they swore they were simply a consultant and simply charged the customer a small fee for their services.

Along comes a deal to us called ******** for $60,000 who happens to also be a ******bank customer. We did our documents and sent them to the customer for signing. They signed our documents and we called them for the verbal. It was an equipment finance agreement with no buyout on the end. The customer asked us about the residual, we replied, there is no residual, the customer asked why they had to write a check to ********* for their pre-paid residual? We called *******r to discuss and they stated the customer was just confused and that was simply their consulting fee. When we called the customer again, they said they had something to fax us so they did. It was called a letter of intent which shows an 8% pre-paid residual charge. The letter also states that ********* is the lessor which they are not. The letter also states that the customer may pay the lease off in 12 months with 0 interest. This a 60 month non-cancelable lease. It's is all lies! We called this customer and ******* is putting a stop payment on the four thousand dollar check today, get the picture?”

 

( name with held )

 

#5  Two Complaints Against Same Leasing Company

 

“These are two complaints against the same leasing company

located in Orange County, California.  One is for $300,000:

 

********* has dragged its heels on our due diligence, and is failing to respond to phone calls regarding initiating the borrowing process. We paid a $5,000 due diligence fee to get this process going, and we are now concerned that this lease will not be executed and that we are going to lose our $5,000. 

 

“This non-performance is particularly disappointing as we are under strict pressure by our venture capital investors (including ****************) to maintain certain targets.  We are in the midst of seeking additional VC financing.  The funds anticipated through this lease were incorporated in our plans, and our inability to execute this lease and meet our targets could possibly compromise this fundraising effort.”

 

The second stems from a submission in April, 2004 and signing of a lease contract on July 19,2004, and then a second leasing contract,

signed in August with a check of almost $20,000.  There is correspondence where the leasing company did not receive the documents, and then did, and a note signed August 18th asking the

status of the funding.

[headlines]

 

 

 

Classified Ads---Help Wanted

 

CFO / Leasing Sales Leader



Leasing Sales Leader: Atlanta GA.
Outstanding opportunity for highly motivated, exp. leasing rep. for fast growing tech solutions provider. Unlimited earnings potential, fast paced enviroment. Exper. end-user sales/ tech leasing required.
Full description here
.
Email: OHCResumes@OHC-LLC.com

CFO: Atlanta, GA.
CPA/10yrs exp. required. Direct/oversee all financial activities and manage leasing operations. Full description here.
Email: OHCResumes@OHC-LLC.com

About the Company: Located in Atlanta GA. Optimus Solutions is a leading provider of enterprise Information Technology solutions including systems, storage, and software enhanced by a complete range of integration and consulting services.
http://optimussolutions.com/

 

Controller / Vendor Sales Specialist/ Entry Level Accountant


Controller:
Broker/Lessor looking for CFO/Controller w/ a solid accounting background. Exp. working in Leasing industry a must. LeasePlus knowledge a plus.

Vendor Sales Specialist: Experienced in developing relationships & vendor programs. Will need to establish/head our new vendor division. Must be knowledgable in all aspects of leasing from the broker lessor perspective.

Entry Level Accountant: Entry level position, accounting background req., leasing exp. a plus, must be organized individual w/ strong work ethic.

Please E-mail resume to: elang@nationwidefunding.com

About the Company: Nationwide Funding, Irvine, CA. With its prime location in Southern California and offices in Chicago's downtown financial district, Nationwide Funding, LLC has been able to secure specialized credit facilities and create funding partnerships with a wide variety of financial institutions. This diversity allows Nationwide Funding, LLC to be a complete funding partner for your business.

[Top]

Sales



Sale:
Tustin CA. Must have 4 years of leasing experience w/ strong client base.  70% Comission, 70% Residual, Desk Rental option. Please call Barbara Griffith for more information on this very unique program
714-573-9804

About the company: SCL has been in business for 12 years. We are contracted with multiple funding sources which enables us to provide more competitive rates and flexible terms and conditions.

 

[headlines]

----------------------------------------------------------------------

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

 

Electro Rent Corporation Reports Higher Revenue and

Net Income for Fiscal 2005 First Quarter Versus Prior Year

 

 

VAN NUYS, Calif.----Electro Rent Corporation (NASDAQ:ELRC) today announced higher revenue and net income for the first quarter of fiscal 2005 compared to the same period of the prior year. "Net income continued to improve, extending the upward trend that began a year ago. The quarter also marked the first positive revenue comparison in several years. Our first quarter performance provides significant evidence that opportunities for Electro Rent that were only on the horizon last year are now taking root in the marketplace," said Chairman and Chief Executive Officer Daniel Greenberg. 

 

   First Quarter Results 

 

   For the three months ended August 31, 2004, revenue increased 13% to $25.6 million from $22.7 million for the first quarter of fiscal 2004. Net income increased to $5.6 million, or $0.22 per diluted share, which included $1.8 million (pre-tax) related to funds received from a class action lawsuit. This compares to net income for the same period last year of $2.1 million, or $0.09 per diluted share. 

 

   Operations Review 

 

   "We are seeing strength across the entire spectrum of our test and measurement business, especially in wireless communications, aerospace/defense and manufacturing. Rental and lease demand and rates in our data products business also improved modestly in the first quarter," Greenberg said.

 

   Greenberg noted that SG&A expenses declined by $439,000, or 5.6%, during the first quarter despite the increase in revenue. "The many steps we took during the difficult past few years to reduce our costs and increase our operating efficiencies, as well as to enhance customer service and prepare for new market opportunities, have come together to serve us in good stead. We believe that we can now significantly increase our volume this year while holding the line on expenses," he said.

 

   "With the improvement in the business climate creating new opportunities for us to profitably deploy our assets, new equipment purchases have increased in recent months and we currently are investing rather than accumulating cash," Greenberg noted. Purchases of new equipment for this year's first quarter increased to $21.8 million, compared to $10.3 million for the first quarter of fiscal 2004, while cash and marketable securities declined to $76.1 million from $82.2 million at May 31, 2004. The book value of Electro Rent's equipment pool rose to $107.0 million at August 31, 2004 compared to $96.3 million at May 31, 2004 and $86.3 million at August 31, 2003.

 

   Electro Rent has no debt, and shareholders' equity at August 31, 2004 was $174.3 million. 

 

   About Electro Rent 

 

   Electro Rent Corporation (www.ElectroRent.com) is one of the largest nationwide organizations devoted to the short-term rental and leasing of personal computers, servers and general purpose electronic test equipment. 

 

CONTACT: Company Contact: Electro Rent Corporation Daniel Greenberg, 818-786-2525 or Investor Contact: Berkman Associates Neil Berkman, 310-277-5162 info@BerkmanAssociates.com

[headlines]

 

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

 


 

“News Briefs”

 

Mortgage Rates Decline

http://www.nytimes.com/2004/09/17/business/17rate.html?pagewanted=all

 

Consumer prices climb; jobless claims up

http://www.boston.com/business/articles/2004/09/16

/consumer_prices_climb_jobless_claims_up/

 

Riggs Probe Includes Recordings

http://www.washingtonpost.com/wp-dyn/articles/A27359-2004Sep16.html

 

Fitch: Ivan May Become Second Costliest Hurricane For U.S. P&C Insurers

http://www.fitchratings.com/corporate/events/press_releases_

detail.cfm?pr_id=131546

 

Domestic auto market share under 60%

http://www.usatoday.com/money/autos/2004-09-15-carmarket_x.htm

 

 

[headlines]

----------------------------------------------------------------------------- 

 

Sports Briefs---

 

Bonds still at 699 as Giants return from successful trip

http://www.mercurynews.com/mld/mercurynews/sports/9683950.htm

 

Lefty, Tiger will look to get U.S. off to quick start

http://www.usatoday.com/sports/golf/ryder/2004-09-16-pairings_x.htm

 

Owners ice players

http://www.usatoday.com/sports/hockey/nhl/2004-09-15-

lockout-official_x.htm

 

 

NHL Work Stoppage Would Weaken Hockey-Related Credits

http://www.fitchratings.com/corporate/events/press_releases_

detail.cfm?pr_id=131485

 

[headlines]

---------------------------------------------------------------------------

 

 

“Gimme that Wine”

 

 

Wine price forecast will have corks popping in Bordeaux

http://news.scotsman.com/international.cfm?id=1087622004

 

Made to order

Two outfits let you be the CEO of your own private winery --

whether or not you want to get your hands dirty

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/09/16/

WIGNV8N1ME1.DTL

 

Western Iowa Grape Growers Association plans two events

http://www.zwire.com/site/news.cfm?newsid=12928209&BRD=

1977&PAG=461&dept_id=187985&rfi=6

 

Mysteries of the Adriatic Revealed---Eric Asimov

http://www.nytimes.com/2004/09/15/dining/15WINE.html

?pagewanted=all

 

[headlines]

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This Day in American History

 

 

    1630- City of Boston forms Across the Charles River, William Blackstone, a former clergyman, was living an isolated existence as a trapper on the Shawmut Peninsula - the original land mass of Boston. Word came to him from Indian friends of the difficulties his fellow countrymen were having. He sent a message to John Winthrop advising him that the Trimountain hills on his side of the river were far more suitable for settlement. Winthrop, who had been at college with Blackstone (as unbelievable as that sounds), went to see him and it was this meeting in 1630 that really marked the foundation of the city of Boston. Within the next few weeks several small wooden houses were built by the migrants and at the suggestion of Thomas Dudley it was decided that the new settlement be called Boston after its English namesake. Remember, the Puritans did not want a break with England, just to create an example of what could be if England followed their example. Hence, they'd fashion their Boston in their own image, so to speak. Over the next few years many more Lincolnshire migrants arrived. Indeed, a memorial stone in St.Botolph's Church commemorates the five Boston men who became Governors of Massachusetts, those being Thomas Dudley, Richard Bellingham, Francis Bernard, John Leverett and Simon Bradstreet.

    1656-Massachusetts enacted severe laws against Quakers. (At the time, government and religion were intricately interwoven; the line between blasphemy and treason was virtually nonexistent; and non-sacramental Quakerism gave the impression that the denomination was anti-government.)
    1717- The first synod of the Presbyterian Church in America met in Philadelphia.

    1730-Birthday of Baron Frederich Von Steuben, Prussian-born general who volunteered to serve in the American Revolution. His strategy and help

in training troops dramatically change the tide of the Revolutionary War. He died at Remsen, NY, Nov 28, 1794.

    1776- Presidio of San Francisco forms as a Spanish fort

http://www.nps.gov/prsf/prsfphot/spanyrs.htm

http://www.nps.gov/prsf/

http://www.zpub.com/sf/history/sfh2.html

    1778- The US signed a treaty with the Delaware Nation, the first treaty with Native American tribes, agreed upon at Fort Pitt ( not Pittsburgh ).

    1787- delegations from 12 states (Rhode Island did not send a delegate) at the Constitutional Convention at Philadelphia, PA, voted unanimously to approve the proposed document and adopt the US Constitution.. Thirty-nine of the 42 delegates present signed it and the Convention adjourned, after drafting a letter of transmittal to the Congress. One of the main proponents was Article 6, Section 3: 'No religious tests shall ever be required as a qualification to any office or public trust under the United States.'  The proposed constitution stipulated that it would take effect when ratified by nine states. This day is a legal holiday in Florida.  It was stated that it would become binding on all 13 colonies when ratified by nine states.  This took place on June 21, 1788, when the legislature of New Hampshire approved ratification by a 57-47 vote.  The Constitution was declared to be in effect on March 4, 1789

http://memory.loc.gov/ammem/today/sep17.html

    1861-American Missionary Association school establish in Fortress Monroe, VA

aiming to bring about full and equal privileges of citizenship to the black population of the United States during the latter half of the 19th century, leading into the 20th century. The Association did so under the doctrine that to deny these rights would serve to subvert the teachings of Jesus, thus those who attempted to deny these rights performed sins against God and man. Formed as a means of protest against other missionaries during the mid-19th century, the AMA promoted political activity and encouraged a strong anti-slavery sentiment among its missions.

http://www.northbysouth.org/1998/edu/charleston/ama.htm

http://www.tulane.edu/~amistad/officersAMA.htm

http://search2.eb.com/blackhistory/micro/19/50.html

http://www.lib.umd.edu/MICROFORMS/american_missionary_assn.html

    1862- this date has been called America’s bloodiest day in recognition of the high casualties suffered in the Civil War battle between General Robert E. Lee’s Confederate forces and General George McClellan’s Union army. Estimates vary, but more than 25,000 Union and Confederate soldiers were killed or wounded in this battle on the banks of the Potomac River at Maryland. This had started as a plan to take Harper’s Ferry, move into the North, perhaps capture Washington, DC, or at worse, a propaganda victory for those who were against continuing the

war against the Confederates. The plan was discovered on September 12, and

General McClellan moved quickly and decisively to change the course of history.

( lower half of: http://memory.loc.gov/ammem/today/sep17.html  )

http://www.nps.gov/anti/battle.htm

http://www.nps.gov/anti/casualty.htm

    1868-Hampton Institute founded at Hampton, Va.; coeducational; founded 1868, chartered 1870 as a normal and agricultural school; known as Hampton Institute 1930-84. Founded by Samuel Chapman Armstrong, it was among the first black colleges and also pioneered in Native American education. Hampton's library is noted for its Peabody Collection on African-American history and culture.

http://www.duke.edu/~sah4/susie

http://xroads.virginia.edu/~CAP/POCA/POC_hamp.html.html

http://www.slider.com/enc/23000/Hampton_Institute.htm

http://docsouth.unc.edu/washeducation/illustr13.html

http://www.rootsweb.com/~nativeam/hampton/hampton.htm

    1868-Early in the morning, a large band of Cheyenne and Sioux stage a surprise attack on Major George A. Forsyth and a volunteer force of 50 frontiersmen in Colorado. Retreating to a small sandbar in the Arikaree River that thereafter became known as Beecher's Island, Forsyth and his men succeeded in repulsing three massed Indian charges. Thanks to the rapid fire capability of their seven-shot Spencer rifles, Forsyth's volunteers were able to kill or wound many of the Indian attackers, including the war chief Roman Nose. But as evening came and the fighting temporarily halted, Forsyth found he had 22 men either dead or wounded, and he estimated the survivors were surrounded by a force of 600 Indians. The whites faced certain annihilation unless they could somehow bring help. Two men- Jack Stilwell and Pierre Trudeau-volunteered to attempt a daring escape through the Indian lines and silently melted into the night.

The battle raged for five more days. Forsyth's effective fighting force was reduced to ten men before the Indians finally withdrew, perhaps reasoning that they had inflicted enough damage. Miles from help and lacking wagons and horses, Forsyth knew that many of his wounded would soon be dead if they didn't get help. Fortunately, on September 25, the 10th Cavalry-one of the Army's two African-American units nicknamed the "Buffalo Soldiers"- came riding to their rescue with a field ambulance and medical supplies. Miraculously, Stilwell and Trudeau had managed to make it through the Sioux and Cheyenne and bring help. Thanks to their bravery and the timely arrival of the Buffalo Soldiers, the lives of many men were saved.

http://www.buffalosoldiers.net/

http://www.imh.org/imh/buf/buftoc.html

    1872-Phillip W. Pratt of Abington, MA was granted a patent for a sprinkler system. The system operated by means of a valve to which cords and fuses melted, the valve opened, releasing a stream of water.  In 1874, Henry S. Parmelee of New Haven refined the sprinkler head with perforations, containing a valve that was held closed against water pressure by a heavy spring made of low fusing material.

    1895-Birthday of drummer and bandleader William McKinney, Cynthiana, KY

    1883 – Poet William Carlos Williams born Rutherford, New Jersey.

http://www.english.uiuc.edu/maps/poets/s_z/williams/bio.htm

http://www.poets.org/poets/poets.cfm?prmID=120

    1902-Birthday of trombone player  Louis “Big-Eye” Nelson, New Orleans, LA.

http://www.jazzsteps.com/browse/artist.asp?p_id=P___

109240&partner=23053

http://shop.store.yahoo.com/jukejoint/bcd-173.html

http://www.jazzcrusade.com/JCCD/JC3026.html

http://www.jazzcrusade.com/JCCD/JC3059.html

    1920- the American Professional Football Association was formed in Canton, OH.

    1923- birthday Hiram King “Hank” Williams, country and western singer, born at Georgia, AL. He achieved his first major hit with “Lovesick Blues,” which brought him a contract with the Grand Ole Opry. His string of hits included “Cold, Cold Heart,” “Honky Tonk Blues,” “Jambalaya,” “Your Cheatin’ Heart,” “Take These Chains From My HearV’ and “I’ll Never Get Out of This World Alive,” which was released prior to his death Jan 1,1953, at Oak Hill, VA.

    1923 Pianist  Ralph Sharon Birthday  

http://www.yamaha.com/musiced/allaccess/summer2K1/36sharon.htm 

    1925-Brithday of organ player Jack Brother McDuff, Champaign, IL

    1927-Birthday of sax player Sam Butera, New Orleans, LA

    1927-Birthday of Pro Football Hall of Fame quarterback and place-kicker George Frederick Blanda, born Youngwood, PA.

    1928 -- Hurricane hits Lake Okeechobee, Florida drowning 1,800-2500.

http://www.sun-sentinel.com/news/weather/hurricane/

sfl-1928-hurricane.story

    1931 - RCA Victor began demonstrating a very early version of the long-playing (LP), 33-1/3 RPM phonograph record. It would be another 17 years before RCA rival Columbia would begin mass production of the LP.

    1934- birthday of Maureen “little Mo” Catherine Connolly Bringer, tennis player born at Sand Diego, CA.  She became the second-youngest woman to win the US National championship at Forest Hills, NY. She repeated in 1952 and won the Wimbledon, too.  In 1953, she became the first woman to win the Grand Slam, taking the US, French, Australian and Wimbledon championships.  After winning a second and straight French title and a third straight Wimbledon, she suffered a crushed leg in a horseback riding accident and never competed again.  Died at Dallas, TX, June 21, 1969 at age 35 from cancer.

    1935 -- Hippie bus driver, psychedelician, author Ken Kesey birthday.

At a Veterans Administration hospital in Menlo Park, California, Kesey was paid volunteer experimental subject, taking mind-altering drugs & reporting their effects. His experiences as an aide at a psychiatric hospital & LSD sessions served as background for One Flew Over Cuckoo's Nest, which was set in a mental hospital. The book reveals the dehumanizing effects of the social conformity of the 1950s, & gained huge critical & commercial success. Kesey formed the 'Merrie Pranksters', bought an old school bus, & toured America & Mexico with his friends. Their weird exploits were later chronicled in Tom Wolfe's The Electric Kool-Aid Acid Test (1973).

http://www.gradesaver.com/ClassicNotes/Authors/about_ken_kesey.html

http://www.lib.virginia.edu/speccol/exhibits/sixties/kesey.html

    1937-Birthday of baseball legend Orlando Cepeda.

http://www.latinosportslegends.com/cepeda.htm

    1937-Artie Shaw Band records “Nightmare.”

    1945-Birthday of basketball coach and player Philip D. “Phil” Jackson, Deer Lodge, MT.

    1946- Woody Herman’s First Herd records “Sidewalks of Cuba”

    1951---Top Hits

Because of You - Tony Bennett

The Loveliest Night of the Year - Mario Lanza

Sweet Violets - Dinah Shore

Always Late (With Your Kisses) - Lefty Frizzell

    1952 - Frank Sinatra sang at his final session with Mitch Miller and Columbia Records.

    1953 - Ernie Banks became the first black baseball player to wear a Chicago Cubs uniform. Banks was also quick to say, “Let’s play two!” Banks was the Cubs’ outstanding shortstop from 1954 to 1960. In 1961 he was moved to left field, then to first base, where he spent the rest of his career. In 1969, Ernie Banks was voted the Cub’s best player ever by Chicago fans. ‘Mr. Cub’ retired in 1971.

    1954 - Rocky Marciano retained possession of the world heavyweight boxing title. He knocked out Ezzard Charles in the eighth round of their championship bout.

    1955 - "The Perry Como Show" moved to Saturday nights on NBC-TV. Soon, U.S.A. audiences would “Sing along with me ... I’m on my way to the stars...” with the incomparable Mr. C. Como’s hour-long variety show replaced his three-times-per-week, 15-minute show, which had been on the air since 1948. The new version of "The Perry Como Show" soon became Saturday’s highest-rated TV program, beating CBS competitor Jackie Gleason.

http://www.classicthemes.com/50sTVThemes/themePages/

perryComoShow2.html

    1957- “Sugarfoot” premiered on TV.  My father wrote many of these

episodes. It was one of three ABC westerns produced by Warner Brothers in the late 50's. The show alternated with “Cheyenne” and “Bronco.” Will Hutchins starred as Tom (Sugarfoot) Brewster, an Easterner with designs on becoming a lawyer in the Wild West. All three shows later aired under the “Cheyenne” appellation in 1960.

http://home.att.net/~dadmug/sugarfoot.html

v1959---Top Hits

Sleep Walk - Santo & Johnny

I’m Gonna Get Married - Lloyd Price

(’Til) I Kissed You - The Everly Brothers

The Three Bells - The Browns

    1961 - A new team debuted in the National Football League: the Minnesota Vikings. The Vikings defeated the Chicago Bears by a score of 37-13 in the team’s first game.

    1961- "Car 54 Where are You?" premiers on TV

http://mywebpages.comcast.net/csmiths/index.html

http://mywebpages.comcast.net/csmiths/showfacts.html

    1963- “The Fugitive” premiers. A nail-biting adventure series on ABC. Dr. Richard Kimble (David Janssen) was wrongly convicted and sentenced to death for his wife’s murder, but escaped from his captors in a train wreck. This popular program aired for four years detailing Kimble’s search for the one-armed man (Bill Raisch) who had killed his wife, Helen (Diane Brewster). In the meantime, Kimble himself was being pursued by Lieutenant Philip Gerard (Barry Morse). The final episode aired Aug 29,1967, and featured Kimble extracting a confession from the one-armed man as they struggled from the heights of a water tower in a deserted amusement park. That single episode was the highest-rated show ever broadcast until 1976. The TV series generated a hit movie in 1993 with Harrison Ford as Kimble and Oscar-winner Tommy Lee Jones as Gerard.

http://www.unchance.net/Fugitive/

    1964- “Bewitched” premiered on TV. This sitcom centered around blonde-haired witch Samantha Stephens (Elizabeth Montgomery). Although she promises not to use her witchcraft in her daily life, Samantha finds herself twitching her nose in many situations. Her husband, Darrin Stephens, was played by Dick York and Dick Sargent, and her daughter, Tabitha Stephens, was played by Erin and Diane Murphy. My stupid daughter named by first girl grandchild: Tabitha, after

the baby TV witch. The last episode aired July 1,1972. Other cast members included Agnes Moorhead, David White, Alice Ghosttey, Bernard Fox and Paul Lynde.

http://us.imdb.com/title/tt0057733/

    1965 – “Hogan’s Heroes” premiered on television.  It was a  comedy, took place in a World War II Nazi POW camp. For six years the prisoners, under the lead of Colonel Robert Hogan (played by former KNX, Los Angeles, radio air personality, Bob Crane), managed to outwit the incompetent and inept Nazi Colonel Wilhelm Klink (played very competently by Werner Klemperer [2-time Emmy-Award winner for his role]) and Nazi Sgt. Shultz (played quite deftly by John Banner) “ I know noth—ING.”.

http://www.hogansheroesfanclub.com/

http://www.tvtome.com/HogansHeroes/

    1966- “Mission: Impossible” premiered. This action-adventure espionage series was produced by Bruce Geller, appearing on CBS for seven years. The premise of the show was simple: each week the IMF (Impossible Missions Force) leader would receive instructions on a super-secret mission to be carried out by the crew. Steven Hill played the first IMF leader, Dan Briggs. He was replaced by Peter Graves who played Jim Phelps. The crew included: Martin Landau as Rollin Hand, master of disguise, Barbara Bain, real-life wife of Landau, as Cinnamon Carter, Greg Morris as Barney Collier, technical expert, Peter Lupus as Willy Armitage, tough guy, Leonard Nimoy as Hand’s replacement, Paris, Lesley Ann Warren as Dana Lambert, Sam Elliott as Doug, Lynda Day George as Lisa Casey and Barbara Anderson as Mimi Davis. The show was remade for ABC in 1988; it lasted two seasons. The latest incarnation of “Mission: Impossible” was on the silver screen in 1996, starring Tom Cruise.

http://www.tvtome.com/tvtome/servlet/ShowMainServlet/showid-577

http://www.geocities.com/rickstvshows/missionimp66.html

    1966-The Beatles' "Yellow Submarine" peaks at #2 on the chart, while The Beach Boys' "Wouldn't It Be Nice" peaks at #8 and The Hollies' "Bus Stop" peaks at #5.

    1967---Top Hits

Ode to Billie Joe - Bobbie Gentry

Reflections - Diana Ross & The Supremes

Come Back When You Grow Up - Bobby Vee

My Elusive Dreams - David Houston

    1967- The Doors perform "Light My Fire" and "People are Strange" on the "Ed Sullivan Show." Prior to the show, Sullivan asked Jim Morrison to change or omit the line "Girl, we couldn't get much higher" in "Light My Fire." Morrison sang it anyway.

    1970- the first African-American to win the Miss America Pageant was Cheryle Adrenne Brown of Jamaica, Queens, New York City, a sophomore at Luther College in Decorah, IA, who represented Iowa in the contest in Atlantic City.

    1972- “M*A*S*H” premieres. This popular CBS series was based on the 1970 Robert Altman movie and a book by Richard Hooker. Set during the Korean War, the show aired for 11 years (lasting longer than the war). It followed the lives of doctors and nurses on the war front with both humor and pathos. The cast included: Alan Alda as Captain Benjamin Franklin “Hawkeye” Pierce, Wayne Rogers as Captain John ~Trapper John” McIntyre, McLean Stevenson as Lieutenant Colonel Henry Blake, Loretta Swit as Major Margaret “Hot Lips” Houlihan, Larry Linville as Major Frank Burns, Gary Burghoff as Corporal Walter “Radar’ O'Reilly, William Christopher as Father Francis Mulcahy, Jamie Farr as Corporal Max Klinger, Harry Morgan as Colonel Sherman Potter and Mike Farrell as Captain B.J. Hunnicut. The show won numerous awards during its run. Its final episode, “Goodbye, Farewell and Amen” was the highest-rated program of all time, topping the “Who Shot J.R.?” revelation on “Dallas.” See also: ~M*A*S*H: The Final Episode: Anniversary” (Feb 28). The show generated two spin-offs: “Trapper John, MD” and “After M*A*S*H.

http://www.imdb.com/title/tt0068098/

http://www.faqs.org/faqs/tv/mash/guide/

    1975---Top Hits

Rhinestone Cowboy - Glen Campbell

At Seventeen - Janis Ian

Fame - David Bowie

Feelins’ - Conway Twitty & Loretta Lynne

    1980- Bette Midler's "Divine Madness," a film of a 1979 concert in Pasadena, CA, premieres in Los Angeles.

    1983 - Vanessa Williams, Miss New York, was crowned Miss America. Williams was the first black woman in the 62-year history of the Miss America Pageant to win the coveted title. Williams relinquished her crown during her reign when nude pictures of her were published in "Penthouse" magazine. She went on to enjoy popularity as a singer ("Dreamin’", "Save the Best for Last") and an actress ("Candyman", "Another You", "Under the Gun").

    1983 - Slugger Carl Yastrzemski of the Boston Red Sox broke Hank Aaron’s major-league record for games played. ‘Yaz’ played in his 3,299th game.

    1983---Top Hits

Maniac - Michael Sembello

Tell Her About It - Billy Joel

The Safety Dance - Men Without Hats

Night Games - Charley Pride

    1984 - The largest group of immigrants to become naturalized citizens of the U.S., 9,706 people, was sworn in by Vice-President George Bush in Miami, FL.

    1984 - Oil heir Gordon P. Getty, with a fortune of $4.1 billion dollars, was named the richest person in the U.S. There were a dozen billionaires in the U.S. at the time.

    1986- “Head of the Class.” This ABC sitcom was the antithesis of “Welcome Back, Kotter.” It ran for five years, depicting the travails and triumphs of brainy students in the Individual Honors Program (IHP) of New York’s Fillmore High School. One episode in 1988 was the first American prime-time program filmed entirely in the Soviet Union. Howard Hesseman starred as part-time actor and substitute teacher Charlie Moore (a man more adept at teaching life’s lessons than history). The cast also featured William G. Schilling as Principal Samuels, Jeannetta Arnette as Assistant Principal Bernadette Meara, Leslie Bega as Maria, Dan Frischman as Arvid, Robin Givens as Darlene, Khrystyne Haje as Simone, Jory Husain as Jawarharlal, Tony O’Dell as Alan, Brian Robbins as Eric, Kimberly Russell as Sarah, Dan Schneider as Dennis, Tannis Vallely as Janice, Rain Pryor as T.J., Michael DeLorenzo as Alex~ Lara Piper as Viki, De’voreaux White as Aristotle and Jonathan Ke Quan as Jasper. After Hesseman left the show in 1990, Scottish comedian Billy Connolly took over the class. The series ended with the graduation of all the characters, June 25,1991.

http://www.tvtome.com/tvtome/servlet/ShowMainServlet/showid-1346

http://us.imdb.com/title/tt0090444/

    1991- “Home Improvement” premiered. This comedy centered around the Taylors. Tim Taylor, played by Tim Allen, was a TV host on the popular fix-it show “Tool Time.” Jill, played by Patricia Richardson, was a housewife and mother going back to school to get a degree in psychology. The couple’s three sons were played by Zachery Ty Bryan, Jonathan Taylor Thomas and Taran Noah Smith. Other cast members included Richard Kern, Earl Hindman, Debbe Dunning and Pamela Anderson. The last episode aired May 25,1999.

http://www.tvtome.com/tvtome/servlet/ShowMainServlet/showid-635

    1986 - The New York Mets clinched their first divisional title since 1973 by defeating the Chicago Cubs 4-2. The Mets later won the World Series as well.

    1991---Top Hits

The Promise of a New Day - Paula Abdul

I Adore Mi Amor - Color Me Badd

Motownphilly - Boys II Men

Leap of Faith - Lionel Cartwright

    1993- Los Angeles police began an investigation into child abuse allegations against Michael Jackson. The investigation began after the son of a Beverly Hills dentist told his therapist that Jackson sexually abused him. Jackson's security consultant claimed the allegations followed a failed attempt to blackmail the singer for 20 million dollars. Although no criminal charges were laid, lawyers for the 13 year-old filed a civil suit a month later claiming damages for sexual battery, seduction and other allegations. The suit was settled out of court in January 1994. Reports said Jackson paid anywhere from $5 to $24-million.  During the initial uproar over the investigation, Jackson cancelled or postponed several dates on his "Dangerous" world tour, citing illness or exhaustion.  He later called off the rest of the tour, saying he would undergo treatment for an addiction to pain killers. Jackson said he began taking the drugs after his scalp was burned while filming a Pepsi commercial several years earlier, and the stress over the sex abuse allegations made the addiction worse. He subsequently married several

women, and I believe claimed to have fathered two children.

    1993- Texas Ranger superstar Nolan Ryan strikes out Angel catcher Greg Myers for his 5,714th and final career strikeout.

    1994 - "II", by Boyz II Men, debuted at number one on the "Billboard" U.S. album chart. Cuts on the LP: "Thank You", "All Around the World", "U Know", "Vibin’", "I Sit Away", "Jezzebel", "Khalil [Interlude]", "Trying Times", "I’ll Make Love to You", "On Bended Knee", "50 Candles", "Water Runs Dry", "Yesterday". "II" was #I for IV weeks.

    1997- the old Canadian National train station in Liverpool, Nova Scotia was reopened as the Hank Snow Country Music Centre. Ill health prevented the 83-year-old Snow from attending the ceremony in his hometown. He had moved to Nashville in the 1950s. Snow donated two vintage cars and one of his famous rhinestone suits to the centre.

    1988 - Early in the morning a tornado hit Kelly Air Force Base in San Antonio, TX, injuring three persons and causing twenty-eight million dollars damage. A second tornado on the northwest side of San Antonio caused six million dollars damage, and a third tornado in Bexar County killed one person and injured another. Thunderstorms associated with Hurricane Gilbert spawned a total of forty-seven tornadoes in a two day period, with forty of those tornadoes in central and south central Texas.

    1989 - Hurricane Hugo hit the Virgin Islands, producing wind gusts to 97 mph at Saint Croix. Hurricane Hugo passed directly over the island of Saint Croix causing complete devastation and essentially cutting off the island from communications. A storm surge of five to seven feet occurred at Saint Croix. The only rain gauge left operating, at Caneel Bay, indicated 9.40 inches in 24 hours. Hurricane Hugo claimed the lives of three persons at Saint Croix, and caused more than 500 million dollars damage. A ship, Nightcap, in the harbor of Culebra, measured wind gusts as high as 170 mph. A cold front brought high winds to the Great Basin and the Rocky Mountain Region, and thunderstorms along the cold front produced wind gusts to 66 mph at Yellowstone Park WY.

[headlines]

 

 

 

 

Baseball Poem

 

The Crowd At The Ball Game

 

           by William Carlos Williams -

 

 

 

The crowd at the ball game

is moved uniformly

by a spirit of uselessness

which delights them—

 

all the exciting detail

of the chase

 

and the escape, the error

the flash of genius—

 

all to no end save beauty

the eternal—

 

So in detail they, the crowd,

are beautiful

 

for this

to be warned against

 

saluted and defied—

It is alive, venomous

 

it smiles grimly

its words cut—

 

The flashy female with her

mother, gets it—

 

The Jew gets it straight— it

is deadly, terrifying—

 

It is the Inquisition, the

Revolution

 

It is beauty itself

that lives

 

day by day in them

idly—

 

This is

the power of their faces

 

It is summer, it is the solstice

the crowd is

 

cheering, the crowd is laughing

in detail

 

permanently, seriously

without thought

 

 [headlines]

 

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