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Saturday, November 26, 2011

Banking

Well, appparently a Huntington Bancshares employee happened to find an old box full of checks. The checks included the last known signature of Abraham Lincoln on a check dated April 13, 1865, the day before he died. There were checks by Aaron Burr, Thomas Jefferson, FDR, and many other famous people. They had been sitting in a vault of a former Union Commerce Bank which had been taken over by Huntington 30 years ago. Not to worry. The checks were put on microfische and we think we can read the copies before the checks were destroyed.

No, I'm kidding. But Huntington was going to sell the old checks off, like so much yard sale garbage. However, the employees put together a display and public outcry led the bank to cancel the sale. I suppose that is because the bank was mystified about the value of the signatures. They never check signatures anymore. Now I'm being sarcastic.

I still am sore about the way the banking industry went paperless. When I got my first set of copied check images, my accountant said, "Where's the backsides? I can't read the checks." There were 18 check images to a page. Was my CPA being picky? He said that in an IRS audit or a court challenge, the first concern is, Is a check available as proof? It must be legible. There is no proof of check-cashing unless the string of endorsers from the backsides are also known and provided as proof. My banker fussed around about how it costs more to put 8 images on a page and would double costs to provide backside images. We persisted. The next month we got a terse letter that said we could have 8 images, front and back for an steep fee. Eventually I wrote a number of letters and the bank compromised to their current 12 images per page.

What happens if you get into a donnybrook with IRS and the courts hold that the bank images are insufficient? I guess you can sue your bank. And the bank will have already concluded that the losses due to such things aren't large enough to sway their policies of destroying and copying checks in small scale. That is exactly what they told me concerning check forgery where they don't check signatures anymore. So it is caveat emptor, buyer beware. Make sure you check your check images. I am happy to report that a more recent check dispute wherein I had to have a better image of my check, the bank had it still stored electronically and could provide an improved copy.

But the attitude reminds me of some of the crazy characters in the oil industry over the years. "Oh heck, just dump that doggone tank battery into the river. It's cheaper to fight the Water Resources Board than to change the way we want to do things." Oh, by the way, FDR only wrote a check for $1.65. That must have been before he got his hands on government. I saw a vehicle that had a license plate on the front that announced, "I got my car from F.D.R." and then in fine print beneath said, "Ford Dealers Ranch". I gather it's a car dealship, but it makes Democrats nostalgic.

Tuesday, November 22, 2011

Olin and Dusty

One week, two friends died, hard to take this in.

I owe Olin Branstetter a favor. Several years ago I was designing elderhostel classes and noticed that nowhere in the 20,000 classes offered nationwide was there one in petroleum. Now wasn't that interesting. We all have viewpoints on the price of gasoline and heating fuel and all the derivative products from plastics to lipstick, but there were no courses on the subject. (well not surprising that academia doesn't do business) What's more, Graydon Brown and I had researched Marland's fabulous first oil find in the South Ponca field. So here was a chance to offer folks a chance to learn about oil and gas from the ground to the glamour, history and all.

And so with help from Conoco friends, I began to bone up. Brad and Bill Bridwell taught me about refining and safety. I knew the exploration and production side. But I still didn't know the story about independent oil guys who drive around in pickup trucks in our area fixing stripper well lifts (pumps) and drilling stepout wells and re-stimulating (often using pressure fracturing, that much-maligned technique that has been around for about 50 years and no environmentalist worried about it for the first 45) One day I mentioned this to Olin as he and Dusty came in to eat at our restaurant. He practiced the most romantic thing. He would take Dusty out to eat and then read her poetry as she finished her desert. It's the only time I have ever seen waitresses retreat to the kitchen to shed tears of joy over an old couple who were just too precious. Next day Olin came to my front desk and announced, "I need you to come with me and I am going to teach you all about the oil bid-ness." He had a bottle of crude and a core sample he gave me as class props and took me on a whirlwind tour of local production, explaining not only his own projects but that of other guys in the business as well. I came away armed with examples galore of how independents are squeezing the earth for more oil than the majors are interested in.

So we became friends. And I asked Olin if he and Dusty could teach something on aviation. What they produced were three women who, along with Dusty have set records in flight. I was so staggered by their expertise we taught this class in conjunction with the state's Pioneer Woman Museum. It was the untold story since Amelia Earhart. Then one day, Olin, former state senator, gave me a business card of a colonel at Vance Air Force Base. York was her name. I visited with her about doing some sort of a update class on the Air Force and she got excited about it but first we did a dry run on some retirees who were having a reunion a few weeks away. And so WW II vets met a modern base. Amid stories of baracks they lived in during the war, were tours of modern base housing. Discussions of tactics, jet plane mechanicals, all that paled in comparison to the flight simulator. P-38 pilots met the F-22 in that simulator and came out of there with eyes wide and grins they couldn't get off their faces. Clearly, Olin had pointed me to possibly the best senior education class Elderhostel International would ever offer.

But then it never came about. Days later was 9-11. People stopped traveling. Elderhostel, under enormous money scandals and problems, cut back on classes. The Air Force had to institute new policies that will never make bases so accessible for retired civilians. Northern Oklahoma College, under which I organized classes was cut from Elderhostel International. Excuse: No one will travel to Oklahoma. Ho hum. Things always change.

Oh, did I mention, that the day we held the dry run on all those Army Air Corps guys, Olin and Dusty were along for the fun and were the last two to enjoy the F-22 flight simulator?

Tuesday, October 25, 2011

Reformation Day

Congratulations, Steve on a great fundraiser last night and thanks for Refro and Evans and all who hosted the event!

When I was a kid I loved Halloween as much as any of them. But I wish we'd remember the significance of the day. That is, Halloween, "Hallowed Eve" is the night before All Saints Day in which ghosts, goblins and demonic creatures were said to rise as a show of force before the blessed day. And it was on that evening in 1517 that Luther posted his 95 theses on the church door at Wittenberg as opinion points--which lit a fire of nationalistic protest and ecclesiastical protest, but also asked people to look personally at what they held dear in their lives of faith. And for that reason it is called Reformation Day.

The Reformation was sort of a perfect storm. Had it not been for a troubled monk who finally realized that his salvation came only by God's grace, had he not been a prolific writer (30 books published in 36 months), a German nobility that wanted to throw off the Italian papal dominance of the Holy Roman Empire, and a population that wrestled with life's meaning amid bubonic plague and newfound prosperity, the entire event would have taken a much different shape. When I look around at the melange of churches today, at how they cross-fertilize in ideas, Reformation Day makes me smile. My own church has significantly improved its mission because of this diversity of faith. And yet there is a tremendous unity in what is called orthodox Christianity that makes it easy for us to worship together. Luther's "Grace alone,Faith alone, Scripture alone" motto has in a rough way been affirmed by all of Christianity. His notion that there is a Natural Law of how God created men to be equal and free, yet hungering for a relationship with the Almighty and a responsible life, spawned Locke and Jefferson to re-write governance in what we now call 'republican democracy.' Luther's common sense writing begat a host of others to examine how faith could be reconciled with reasoning, science, art, business, and all the rest of life without capitulating to humanism, the creed that elevates egotism into making each person a little god with little regard for others. His vernacular church and Two Kingdoms humbled Europe's monarchs and set about forces that redrew the map of Europe into nations of common people. A few years ago, a very politically liberal group of historians voted on the Man of the Millenium. Jefferson narrowly defeated Luther but British Catholic historian Paul Johnson laughed and pointed out that outside the West, little European history is studied and only America is noted.

In some ways Reformation Day itself is a misnomer. Luther and Pope Leo exchanged letters and made amends from 1517 to 1518. It was only after the Dominicans skewered Reform ideas in 1519 that the real controversy began. After Luther's death in 1546 and that of Henry VIII of England, Charles V pounced on the Northern German principalities and defeated them. Then in a queer twist, having completely defeated Protestantism at a great cost of war, he inexplicably decided to grant universal freedom of faith. For 400 years historians could not understand what had happened--the reason for war had been overturned in the conquest. Then a few years ago, a lost series of letters was found. Charles' sister, married to a German prince at the time, was writing him almost daily, telling him the joys of her Christian faith. She was the biggest Protestant of them all. It seems that Charles reconsidered his victory on the battlefield and and laid down his arms in the battlefield of faith. Reformation Day still makes me smile.

Monday, October 17, 2011

Cardinal Math

Like Math? Here's a number sequence and you tell me the next number. 26,30,31,34,42,43,44,46,64,67,68,81,82,85,87,4,6,?
Answer: 11. These are the years that the Cardinals have won the pennant.
We were sitting and watching the game last night when the fifth inning ended with the Cards ahead by 5 runs. Now the way I figure it, teams score an average of 4.5 runs per game or .5 runs per inning. So the probability of scoring a run in any given inning is 0.5. The probability of 2 runs is 0.25, etc. This approximately jives with my sense that if you go into the ninth with a 1 run lead, you have at least a 50% chance of winning --or better if your closer has an ERA much less than 4.50. So then you calculate what is the probability of the Brewers scoring 5 runs in 4 innings? It's over one in thirty. But of course, this isn't dynamic. It assumes the Redbirds won't score again. It assumes that in such a crucial game the Birds won't put in an outstanding pitcher or two with an ERA of about 2.
So I turned to her and said, "I think we got 'em." As it turned out, the Cardinals scored again and the Brewers chances got even worse. Redbirds win. Pennant #18.
I once read about the life of Branch Rickey, the genius general manager of the Cardinals in 1918 who put together the beginning of this very successful baseball team. He was listening-in as the manager dismissed a young man from spring training tryouts. He told the kid to get some muscle on his bones, because despite his fielding prowess, he just didn't have much power in his hitting. The following fall, the kid showed up at the team offices asking if he could try out in spring training again. He was 40 pounds heavier and all rock solid muscle. The manager remember him, young guy by the name of Roger Hornsby. "What have you been doing!!" Rog just shrugged and said he was working on the farm. Rickey was given pause. He thought about how fortunate the team was to run into this kid again. What if they would spend a little money to buy some small town minor league teams and have scouts fan out across the countryside to locate talent, offer a contract to play ball on the minor league outfit and put the young men through training. Call it the 'farm system', ala Hornsby. Since you could buy a minor league team for about $6-8000, about what you'd pay a very good player per year, Rickey thought that if each of about 4 teams could produce a good player from the hinterlands, the purchase would pay for itself in a year. And the rest, as they say is history.
Next, Rickey gave some thought to how to promote his team. St. Louis has another major league team and was somewhat distant to the other teams being the westernmost club. There was a new thing called radio but in 1918 no one understood very well how it could make money. One idea was to get people to listen so that a company could sell more radios. A better idea was to get programming from civic activities and have advertizing sponsors. So radio stations would play, say, an opera that was performing locally. Rickey thought the stuff being done was pitiful and thought baseball would be much better if you could locate a good person to tell the 'game story' as it was being played. And what a perfect way to get the word out, way out West, about the Cards. So while many teams signed-on 2 or 3 radio stations in the town where they played, Rickey assembled an empire of 108 stations throughout the West and South. The cost was so minor it provided a return of almost 200%. Pretty good math, eh? The rise of Cardinal baseball caused the early success of many radio stations beyond the eastern seaboard, made fans in Tennessee lust to go to St. Louis for a game, and made every kid in America seem to want to play for the Redbirds. And started a grand tradition of radio play-by-play announcers--Dizzy Dean, Harry Carey, Jack Buck, Mike Shannon. Oh, and then there was that aggressive beer company in St. Louis who delivered fresh beer quickly by teamsters who saw a perfect match for Anheiser-Busch and a baseball team.
As Rickey's math grew successful, so did the Cardinal's math. In 1903, the team had the lowest winning percentage, .314 in their history, but 1906 was even worse with the team finishing 63 games behind the pennant winners. But from '26 to '46, the Cards won 8 times.
My grandfather said it was a great escape when the country needed an escape. You could come home dehydrated and dirty, having watched the grasshoppers eat your crop. The kids could be fighting , your wife could chew you out and the dog could bite you--but if the Cards won, it was a net positive day. Good math.
Note from Oct. 28--tonight at end of inning 7 Cards were ahead by 4. So with two innings to play the probability is 1/2times1/2 times 1/2 times 1/2 =1/16 but then there are two innings so it is 2/16 or one chance in 8. Result was Cards won as predicted. Dotel and Motte pitched and each had an ERA for the Series of slightly over 1. Hence the Rangers were really cooked! The squirrel was spotted crawling around on the scoreboard getting ready to celebrate. Congratulations, Redbirds!

Wednesday, September 21, 2011

Athletic Supporter Vents

I guess I am bummed out by what is happening to the Big XII, or Big 5 or whatever we are down to at this point. Love football. Hate the way the NCAA does it. As if it weren't bad enough that colleges exploit young talented athletes who are largely minorities (I thought Lincoln freed the slaves), rarely graduates 'em (tell me, what is the goal of a college?), and makes millions without paying them a dime, now they have to abandon the league just because they are greedy for more money. The University of Oklahoma makes $30 million profit from athletics. They have roughly 30,000 students whose tuition is about double that. But of course the college only breaks even on education. Why don't we apply truth in advertizing law. You know, when a company sells sausage with gravy, if the gravy exceeds the sausage, they have to say, "gravy with sausage"--principal item must be listed first. So the colleges could be "Athletic Program with Incidental Education".

Heck, half the rooters have never darkened the door of the college in the first place. And only about 30% of NCAA football and basketball players ever graduate from college. Why don't we call them unpaid pros instead of students? And then there are the unfortunate professors who will have a hard time associating with other profs of the conference. Last I heard the remainder of the Big XII was thinking about merging with the Big East which has schools like Rutgers (New Jersey) and Connecticut. So then Texas Tech, Kansas State, and Oklahoma U. have strong programs in tornadic research. Do you think U-Conn Job and Rootgers have the slightest interest in tornados? Aren't they researching recipes for seaweed? Just try jumping in a university car and driving to a conference in Hoboken. Maybe the Big East has someone hot on the trail of irrigated corn varieties.

Best argument I have heard for the break-up is that it may force the BCS to come up with a truly national championship tournament for football. Good deal. I suggest a 64 team single elimination tournament which ends about April and least bloody team probably wins. And then all the paint sniffers and derelicts around here can wear their proud athletic apparel covered with tatters and stains. Really makes you want to send your kid there to get an education, doesn't it?

Wednesday, August 24, 2011

Augustines Day

August 24. Happy St. Augustine's Day. (well I hope that's today and I didn't mess this up like Bachmann did Elvis What's his name)

Steve and I were listening to a very Christian-on-his-sleeves Republican the other day. He leaned over to me and said, "You know if God's not a Republican, we are in deep trouble OR we only get in by grace." But then after a pause, he noted, " But then God said, 'by the sweat of your brow, you shall work all the days of your life,' didn't he? That's not a very Democrat thing to say." Maybe God is an Independent that leans Republican most of the time.

That said, here are some of my favorite Augustine quotes. These are 1600+ years old. As fresh today as in 385 AD. And a bit of comment on government and God by yours truly.
There is no saint without a past, no sinner without a future. And from this we deduce that no government should stand in the way of an individual's future with his God; yet there is no favoritism of rulers to live above the law. And in humility we elect our leaders.
If you believe what you like in the Gospel, and reject what you don't like, it is not the Gospel you believe, but yourself. (which I think defines humanism) Because the central message of the Gospel is God's salvation and grace, He turns out to be the boss, even if you can't figure out his mystery or don't like his words.
Thou hast made us for Thyself, O Lord, and our heart is restless until it finds its rest in Thee. Which says that our society, our careers, our mission in life is about a lot more than making money. A lot of the dissatisfaction of those who have no faith is due to the fact that they try to fill up their lives with $$$.
Christ is not valued at all unless He is valued above all. And thus our government is under, not over, the Supreme Being and those He claims as His Children. Rights come from the Higher Power and are inalienable.
In order to discover the character of people we have only to observe what they love. So if your secular liberal friend scoffs at Life and Liberty...
Love God and do what you like. We are called to a special purpose by God. If we value Him above all, we can be truly free. Government doesn't grant freedom, He does.
In my deepest wound I saw Your Glory and it dazzled me. Only once we see our inadequacy and desperation, can we see the stunning surprize of His undeserved kindness. And what does He consider His greatest glory? That he sought us out and saved us. Is. 43:1-11. And He does that for nations too.
If you understood Him, it would not be God. Those who consider science or politics their god have a really small god.
It is not that we keep His commandments first and that then He loves but that He loves us and then we keep His commandments. This that grace which is revealed to the humble but hidden from the proud. And maybe why the secularists hate the mere display of the 10 commandments.
Better to have loved and lost, than to have never loved at all. Everybody thinks this comes from Shakespeare, but he was quoting Augustine. Since our real home is not of this world, we can plunge into life, risking considerably working with gusto. Try to top that, ye dictators and leftists.
Pray as if everything depends on God. Work as if everything depends on you. Because it does depend on God who works through us. Eph. 2:10
For no one should consider anything his own, except perhaps a lie, since all truth is from Him who said, "I am the Truth." So much for the lousy modernist thinking of relative truth.




Saturday, August 20, 2011

Kansas

With temperatures from 104-112, we have been sweating our way through two remodelings and needed a break. So I suggested we take the back roads to Coffeyville just to see the country. We found the most amazing antique shop/restaurant/western clothing/ junk shop on the outskirts of Tyro. Coffeyville looks really tired these days. It was discouraging. They had a downtown renewal going with high hopes 25 years ago but now that is in struggling condition. But mostly we love seeing the country.

While at Barnes and Noble a few weeks ago, I noticed that they are still selling copies of Frank's "What's The Matter With Kansas?". It is a political book and I like to read both conservative and liberal ideas. This one won rave reviews by the New York Times and I decided on that basis to get a copy. The guy is a native Kansas Citian who, unlike most Dems around this area, is not the least bit moderate. He begins with a chapter on Emporia. He said the town has gone downhill and all the businesses are boarded up and it has lost population. It was so alarming, that I was reading excerpts to Miss Shirley who was also expressing her shocked alarm at the text. It made us jump in the car and head to Emporia by the back roads to see what had happened. You see, I grew up 35 miles from Emporia and went shopping there every two weeks for the first 30 years of my life. And she got her master's degree in library science there.

What we found was Not Much Had Changed. The town wasn't doing any big growth like Manhattan or Stillwater or Edmond. But it was hanging in there. Downtown wasn't dying. Businesses hadn't been boarded up. We laughed all the way home about how this ninny had hoodwinked us in his book. So I began to read farther and he covered other cities, the booming Garden City whose meat packing industry has fueled growth, Kansas City, KS which has become the distribution center for the center of America and is booming as well. The Johnson county suburb of Olathe has gone from about 10,000 when I was in high school to 217,000 today.

Frank hates it vicerally. Garden City exploits hispanics. Hey! I said, my best Mex workers in our hotel were all from Garden City. One woman told about their sad life in Chihuahua, got the opportunity to legally emigrate through Catholic Church and her dad is now supervisor at a plant. Frank Really hates KC. His dad owned a humble ranch house in Overland Park, one of the richest suburbs in USA. The mansions went up around poor old papa Frank and he loathed them all. Finally he sold out at a king's ransom and the ranch house was torn down the day they signed the papers. Frank calls KC 'cupcakeland' because so many malls and chain stores have established themselves. Hunh? Doesn't that happen in all urban areas? Not by Frank's utopian vision. He wants the inner city to move out from downtown complete with graffitti artists and night life. And as for small town Americans, he wants them storm the Bastille, that is the local bankers house and come out with heads carried on pikes. At the least he doesn't understand why rural USA doesn't join the gravy train of government programs and is ticked because farmers no longer vote for the party of FDR. Whatever happened to Eugene Debs and his socialists? Whatever happened to radical farmers and Mary Yellin' of the Grange?

What amazes me more than the fibs he tells about Kansas is that he gets away with telling this to a gullible secular progressive Eastern media. The Times ate it up, thinking his book profound and captivating. It made me laugh and shake my head in wonder. And by the way, Bluestem farm and ranch supply is still there in Emporia. So is Kansas State Teachers College.