Podcasts about fort duquesne

By the summer of 1758, the French position in North America was growing increasingly tenuous. The flow of food and other supplies was drying up due to the British naval blockade of North America. There were simply too many British soldiers and not enough French to fight off the various British attacks. Meanwhile, the ambitious British campaign of 1758 continued with a bold strike on the key French supply hub of Fort Frontenac and with a slow but sure attack on that old thorn in the British side, Fort Duquesne.

What does the battle for Fort Duquesne in 1758 have to do with the emergence of Protestantism in Pittsburgh? Today, Stephen Nichols tells us about how Presbyterianism spread in this region. Read the transcript: https://www.5minutesinchurchhistory.com/presbyterians-in-pittsburgh/ A donor-supported outreach of Ligonier Ministries. Donate: https://www.5minutesinchurchhistory.com/donate/

On July 9, 1755, British regulars and American colonial troops under the command of General Edward Braddock, commander in chief of the British Army in North America, were attacked by French and Native American forces shortly after crossing the Monongahela River and while making their way to besiege Fort Duquesne in the Ohio Valley, a few miles from what is now Pittsburgh. The long line of red-coated troops struggled to maintain cohesion and discipline as Indian warriors quickly outflanked them and used the dense cover of the woods to masterful and lethal effect. Within hours, a powerful British army was routed, its commander mortally wounded, and two-thirds of its forces casualties in one the worst disasters in military history. Join us for this Rev War Revelry as we sit down with historian David L. Preston to discuss his book and this critical event in America's colonial history.

#YaJagoffPodcast: The TRAF Report 2022 Summary: The Jags venture to Dollar Bank Three Rivers Arts Festival at the Backyard Stage at 8th and Penn. Sarah Aziz explains the week's TRAF activities while Ranney stops by for an encore performance with special acts with the Pittsburgh Playwrights Theatre Company Theater of Black and White. What was on the blog? Yikes! The Superintendent: Do As I Say, Not As I Do! Aldi Or Aldi's PeterParker Pic A Job For “Skinny Jeans!” SPONSOR: Summer means festivals, outdoor events and community collabs with Rohrich Honda. Expect a pop-up parking lot event in June, the return of Little Italy Days, and Pierogi Festival to name a few. Plus, you need a way to get to all the fun, so stop by our Bloomfield location and snag the vehicle that is right for you. As always visit rohrichhonda.com for all your vehicle needs. QUESTION OF THE DAY: It's festival season! What is your festival vice, that bad for you item ya just can't pass up? 4:22 Sarah Aziz: The Three Rivers Arts Festival was relocated to the city's cultural district with art surrounding two square blocks on Penn between 6th and 7th Street and another one on Fort Duquesne. Stay tuned for jazz at the Backyard Stage on 8th and Penn Street to continue through September. As soon as the 10-day festival ends, there will be one food and drink vendor remaining at the Backyard Stage for four months! Sarah highlights where to park, how to navigate traffic, and how best to get where you want to go on foot. She's TRAF's walking app. This Saturday, watch out for performances by Goody Mob and CeeLo Green! 25:13 Ranney: If you're a Pittsburgher, his name is spelled Ranney, but pronounced ‘Rainey,' and while he doesn't love ice cream, this artist works with the Pittsburgh Playwrights Theatre Company Theater of Black and White. In the beginning, it was a group of black playwrights with white directors, and white playwrights with black directors, but NOW it includes playwrights and directors from all ethnic and cultural backgrounds. The organization hosts six plays, and to close out TRAF, they have one piece by the legendary August Wilson that Ranney will be performing himself! Head to 805 Liberty Ave. on the weekends at 3 p.m. and 6 p.m. and 6 p.m. on weekdays to catch a show!

Photo: The Battle of Fort Ligonier was a battle of the French and Indian War. On 12 October 1758, French and Indian forces directed from nearby Fort Duquesne were repulsed in an attack on the British outpost of Fort Ligonier, then still under construction.  Here:  Plan of Fort Ligonier from an 1896 publication #ClassicSalenaZito: The Celebrated Battle of Ligonier, 1758. SalenaZito.com @DCExaminer https://www.washingtonexaminer.com/opinion/columnists/small-town-america-rolls-out-the-welcome-mat-year-round

The Seven Years' War, also known as the French and Indian War in the colonies, lasted from 1756 to 1763, forming a chapter in the imperial struggle between Britain and France. Both were doing all they could to gain control of the Ohio Valley and add to their respective empire. In the early 1750s, France's expansion into the Ohio River valley repeatedly brought with it conflict in the British colonies, especially Virginia. In 1754, the French built Fort Duquesne where the Allegheny and Monongahela Rivers joined to form the Ohio River (in today's Pittsburgh), making it a strategically important stronghold that the British repeatedly attacked. We discuss how George Washington and his party started the war, how he faired during his first military experience, and how he regained some momentum during a slaughter at Braddock's defeat and provide an overall summation of the war, the people involved, and the aftermath it left. Website / Show Notes Ask a question and Join our Podcast --- Send in a voice message: https://anchor.fm/patriotpowerpodcast/message

Written and researched by Rachael Wilson Transcript: The landscape of rural northwestern Pennsylvania is quite the beautiful place. There are rolling hills, stretching fields full of crops and wildflowers, and the historic French Creek rolls throughout Mercer, Erie and Crawford counties of Pennsylvania.  For almost two thousand years, the Iroquois people lived in western New York and Pennsylvania, as well as southern Ontario and Quebec. They stayed within the areas of the Great Lakes, specifically lakes Ontario, Huron, and Erie and lived utilizing the land.[1] Those who lived in what is what is modernly known as Waterford, Pennsylvania – about twenty minutes south of Erie – relied on the resources in and around the French Creek watershed, including the nearby Lake LeBoeuf. The Iroquois knew how to take advantage of the landscape that they had been given. The Pennsylvania woods were too thick to hunt and grow food, so they were able to create spanning meadows to grow food and hunt the game of the area.[2] In the mid-1700s, settlers from England began to come to the New World and settle in the area. The French followed right behind. Both British and French forces began to build forts like Fort Duquesne, Presque Isle, and Venango. Tensions began to build between the two nations in their colonies.  Fort de la Rivière au Bœuf, Fort LeBoeuf as it is commonly referred to as now, was second out of four forts that was operated by the French forces who had come to Western Pennsylvania. The fort sat on the bank of LeBoeuf Creek, after which the fort was named. Along with Forts Presque Isle, Machault, and Duquesne, these forts built the line of French bases across western Pennsylvania. Presque Isle was built along the banks of Lake Erie in Pennsylvania, Machault in modern day Franklin, Pennsylvania, and Fort Duquesne in what is now Pittsburgh. These forts, LeBoeuf in particular, was used to trade throughout French territory from Fort Presque Isle and Canada and to protect Presque Isle from any sort of raid.[3] Great Britain did not that all too much. As a result, in 1753, Governor Robert Dinwiddie assigned 21-year old major George Washington – yes, that George Washington – on a mission up to the forts to demand that the French leave the territory ASAP because the British had claimed it. As marked by the journal that Washington had written throughout his trek up north, the journey took him about ten weeks and one thousand miles “by horse, foot, canoe, and raft.”[4] Young Major Washington left Williamsburg on October 31st of 1753 and was accompanied by a team made up  of a surveyor, a French translator, four traders, and eventually met up with various members of native tribes, including a man referred to as the “Half-King.” George’s journal details every single thing he did and saw on his journey. His training as a surveyor came quite in handy when it came to writing his observations down. Once they reached Logtown, a town in what is currently Beaver County, Pennsylvania, northeast of Pittsburgh, they were directed towards Fort LeBoeuf, about 110 miles north. With Washington was a letter a for Jacques Legardeur de Saint-Pierre, a French military commander who was the man in charge at Fort LeBoeuf.[5] The letter was the ultimatum posed towards the French from the British. While Washington was generally received pretty well by those who were in Waterford, Legardeur de Saint-Pierre was not a big fan of the message that George brought him. The French king thought that the letter from Dinwiddie and England was ridiculous and his claim to the area was “incontestable.”[6] At the same time as Washington’s trek to the French forts, the French and the natives begin to engage in trade in an unprecedented change in way of life for the natives. Their survival began to depend on it. Frenchmen learned to fight the “Indian Way,” engaging in guerilla warfare, “which was by stealth, surprise, ambush, and frightening terror.”[7] This greatly helped the French as tensions between the British were beginning to come to the surface. When the Seven Years War began in 1756, their new way of fighting was key to their survival while British soldiers were killed, tortured, disfigured, or scalped by the natives. Six years into the war, in 1759, the French were defeated by the British, at least in the colonies and North America as a whole. Forts Duquesne, Machault, LeBoeuf, and Presque Isle were all burned to the ground. The next year, the forts were rebuilt, and named Pitt, Venango, LeBoeuf, and Presque Isle, respectively. Pitt, formerly Duquesne, was built to be a strong fortress and Presque Isle was also built to be tough. But LeBoeuf and Venango? Not so much. In 1766, General Jeffery Amherst called for an attack on all British garrisons in order to ensure that the Natives would stop getting any more of the European guns and weapons that had receiving in trade. This attack backfired on the British, causing the causalities of 450 British soldiers and citizens, with little to damage for the Natives.  After the final fort was demolished, the Judson family built their house and settled on what is believed to be the placement of the original fort. Patriarch Amos was a powerful man in Waterford, working odd jobs until he opened his store in 1823. Judson also was the owner of the Eagle Hotel, which sat across the street from his house.[8] While the fort has not been standing for hundreds of years, Waterford’s Fort LeBoeuf Historical Society is very active in making sure that the area knows about its rich history and the people behind it all. The buildings in the district covered by the historical society display buildings ranging from the time of Judson up until the cusp of World War II.[9] The Judson house still stands, as does the store that he ran until his death. The Eagle Hotel still operates as well, but no one stays here anymore. Nowadays it’s a restaurant that serves Amish style food throughout the summer and autumn months. Part of the land originally taken up by the fort is covered by the post office, but some of that space is dedicated to a museum that displays Waterford’s part in the Seven Years War on the front of the New World. Waterford looks like a sleepy town, but the locals are proud of our crown jewel: our statue on the outskirts of historic downtown.   In 1922, locals in Waterford commissioned a statue of our nation’s first president in a way that no other. After a hefty price of $13,000, a statue of George Washington was placed in what would come to be known as Washington Park. George was quickly used as a part of the culture of Waterford with students from the local high school dressing him as a prank. The local members of the Daughters of the American Revolution had set aside parts of land, some structures were restored, and the statue was placed on that property. This statue, the only statue of President Washington as a young man, proudly stands in Waterford in the spot where it was moved by the Pennsylvania Historical Commission in 1945. [1] The Editors of Encyclopaedia Britannica. “Iroquois.” Encyclopædia Britannica. Encyclopædia Britannica, inc., January 24, 2019. https://www.britannica.com/topic/Iroquois-people. [2] “Rich Cultural History.” French Creek Valley Conservancy, July 18, 2019. https://www.frenchcreekconservancy.org/rich-cultural-history/. [3] “Fort LeBoeuf Museum.” Fort LeBoeuf Historical Society, n.d. http://fortleboeufhistory.com/campus/museum/. [4] Washington, George. The Journal of George Washington: an Account of His First Official Mission. Charlottesville, VA: University of Virginia Press, 1959. [5] “Ten Facts About George Washington and the French & Indian War.” George Washington's Mount Vernon. https://www.mountvernon.org/george-washington/french-indian-war/ten-facts-about-george-washington-and-the-french-indian-war/.  [6]“Ten Facts About George Washington and the French & Indian War.” [7] “Fort LeBoeuf Museum” [8] “Amos Judson House.” Erie's Historic Buildings, n.d. http://www.eriebuildings.info/buildings.php?buildingID=46009058000100. [9] “Historic District.” Fort LeBoeuf Historical Society, n.d. http://fortleboeufhistory.com/around-town/historic-district/.

TESTO DELL'ARTICOLO ➜http://www.bastabugie.it/it/articoli.php?id=6000SE IL NORDAMERICA FOSSE RIMASTO AI CATTOLICIMa la storia non si fa con i se: gli inglesi (protestanti) conquistarono tutte le colonie francesi del Nord America con la Guerra dei Sette Anni dal 1756 al 1763di Rino CammilleriNel 1754 l'ennesimo sconfinamento degli inglesi nei territori del Nordamerica sotto la sovranità francese partì dalla Virginia e si spinse verso il fiume Ohio allo scopo esplicito di provocare. Il comandante di Fort Duquesne, capitano Claude-Pierre Pécaudy de Contrecoeur, mandò un piccolo distaccamento agli ordini dell'alfiere Joseph Coulon de Villiers de Jumonville per convincere gli inglesi a ritirarsi. I trentaquattro uomini del distaccamento, appena giunti, vennero circondati dagli inglesi e dai loro alleati irochesi. Jumonville lesse al comandante inglese il testo dell'avviso ufficiale, che terminava con queste parole: «...poiché è volontà del Re di Francia continuare a mantenere un rapporto di amicizia con l'Inghilterra. In ogni caso, qualunque siano le Sue intenzioni, mi lusingo di credere che Ella riserverà al signore di Jumonville tutti i riguardi che gli spettano come ufficiale e come ambasciatore». Il comandante inglese, terminata la lettura, ordinò di fare fuoco. Jumonville e nove dei suoi uomini caddero fulminati, mentre gli altri venivano disarmati e catturati. Solo uno riuscì a scappare e, inseguito per sei giorni dagli irochesi nelle foreste, arrivò a Fort Duquesne scalzo e mezzo morto a dare la notizia.L'AMERICA CHE NON FUIl comandante inglese responsabile dell'ignobile azione si chiamava George Washington (1732-1799), era colonnello e sarebbe diventato, com'è noto, il primo presidente degli Stati Uniti. L'«Incidente Jumonville» diede di fatto il via alla Guerra dei Sette Anni, che venne dichiarata ufficialmente solo due anni dopo e che fu la prima vera guerra mondiale. Infatti, inglesi e francesi la combatterono anche in tutte le loro colonie, in Africa, in India e in America, nonché su tutti i mari. Il Trattato di Parigi che la concluse nel 1763 vide la Francia sconfitta e consegnò agli inglesi l'India, la Guinea, l'intero Canada e la Florida, nonché le isole di Grenada, Tobago e quelle del golfo di San Lorenzo. La Francia ne uscì stremata finanziariamente e fu per questo che il re Luigi XVI dovette convocare quegli Stati Generali da cui sarebbe scaturita la Rivoluzione giacobina.Un libro di Alberto Rosselli dal significativo titolo "L'America che non fu. Il conflitto anglo-francese in Nord America 1756-1763" (Il Cerchio, pp. 178), analizza proprio la fase americana del conflitto anglo-francese e ci permette di riflettere, ucronicamente, su come sarebbe stata diversa la storia del mondo se almeno l'America fosse rimasta ai francesi. Questi ultimi, di tradizione cattolica, diedero fin dall'inizio via libera ai missionari nel continente: gesuiti, agostiniani recolletti, sulpiziani, le «suore grigie» di Madame d'Youville (primo ordine religioso autoctono), una santa indiana (Kateri Tekakwitha), eccetera. L'intera confederazione delle tribù Huron venne evangelizzata e i francesi, interessati solo al commercio delle pellicce, mantenevano buoni rapporti coi pellerossa.IMMAGINARE COME SAREBBE STATA UN'AMERICA DEL NORD CATTOLICADiversamente dagli inglesi, che subito si allearono con la confederazione Irochese, sfruttando la tradizionale inimicizia tra questa e quella Huron. Questi ultimi vennero sterminati completamente dagli irochesi, che martirizzarono anche diversi padri gesuiti (i beati Isaac Jogues e compagni), vanificando così tutto il lavoro missionario condotto nel continente. Ma agli inglesi interessavano solo spazi vuoti da riempire di immigrati, politica che fu poi continuata (e terminata) dagli statunitensi. La guerra anglo-francese in America innovò anche sul piano tattico e strategico, privilegiando la guerriglia e reparti speciali come i rangers inglesi e i couriers francesi. Non mancarono efferatezze, di cui specialmente gli inglesi si fecero volentieri contagiare dagli indiani (per esempio, l'abitudine di ornarsi le cinture con gli scalpi strappati anche ai e alle civili).Possiamo solo immaginare come sarebbe stata un'America del Nord francese e, dunque, cattolica, con gli indiani trattati alla pari e non confinati nelle riserve fino all'estinzione, come poi avvenne. Un'America del Nord meticcia, come quella spagnola del Sud. Infatti, la corona francese incoraggiava i matrimoni misti e in diverse occasioni inviava navi cariche di «Figlie del Re», ragazze povere e nubili fornite di una dote, per le colonie sprovviste di donne. I meticci (che i francesi chiamavano brulé) erano, anzi, molto considerati e spesso occupavano posti rilevanti per via della loro perfetta conoscenza delle due culture. Purtroppo, la storia, si sa, non si fa con i «se». Anche se qualche volta, in mancanza di meglio, è pur bello lavorare d'immaginazione.

This week we continue to look at 1758 as the British make attacks on Louisbourg, Fort Frontenac and Fort Duquesne.

In May 1754 a young George Washington's first combat experience occurred at the Battle of Jumonville Glen located in southwest Pennsylvania in the Ohio Valley, where he defeated a small group of French on a diplomatic mission to inform the British that they needed to leave the area; it was French territory and quickly became a flashpoint in the fight for the supremacy of North America. Dur: 15mins File: .mp3

Episode Notes In 1758, the British took Fort Duquesne in Pittsburgh from the French who had established it. But before their arrival, the French spared 10 men to whisk away their army's payroll. They loaded 16 packhorses with gold and silver and headed for Fort Detroit. They never made it. The British intercepted the small detail, killing eight of the 10 Frenchmen. But not before the French soldiers buried the treasure to keep it out of the hands of their enemy. Years later, a nephew of one of the surviving French soldiers found his uncle's journal about the special assignment, along with specific details on how to find the treasure near present-day Minerva in Stark County, Ohio. The nephew's attempt to locate the booty failed, as has every other attempt these past 200 years. The podcast also features a second tale - the legend of a Minerva-area treasure left behind by the Civil War's infamous Morgan's Raid. ohiomysteries.com feedback@ohiomysteries.com www.patreon.com/ohiomysteries www.twitter.com/mysteriesohio www.facebook.com/ohiomysteries

In 1754 the armies of New France descended upon the North American frontier. After building a series of forts connecting the Great Lakes to the Ohio River, the post named Fort Duquesne stood as the key to continent. By connecting vital rivers and lakes, Fort Duquesne was the great beacon of French power in the Western Hemisphere, and united an empire larger than the distance from Paris to Moscow. On this episode our guest is Fort Pitt Museum's Alan Gutchess...spared no expense. 

In the year 1754, twenty two year old George Washington was on a mission from the Governor of Virginia to enforce the colony's land claim on the area of western Pennsylvania. The French forces had just built Fort Duquesne (modern day Pittsburgh) as a means to solidify their claim to the land. At this time both England and France had started to develop the area. Dur: 15mins File: .mp3

After convincing most Indians to abandon the French in the Ohio Valley, the British take Fort Duquesne at the end of 1758.  Gen. Amherst takes command of British forces for the 1759 fighting season, capturing Forts Niagara and Carillion as well.  Fort Duquesne becomes Fort Pitt.  Fort Carillion becomes Fort Ticonderoga.   For more text, pictures, maps, and sources, please visit my site at AmRevPodcast.Blogspot.com.

After convincing most Indians to abandon the French in the Ohio Valley, the British take Fort Duquesne at the end of 1758.  Gen. Amherst takes command of British forces for the 1759 fighting season, capturing Forts Niagara and Carillion as well.  Fort Duquesne becomes Fort Pitt.  Fort Carillion becomes Fort Ticonderoga.   For more text, pictures, maps, and sources, please visit my site at AmRevPodcast.Blogspot.com.

Title: Out of the Box Banker; Inside the Box Regulators, Chuck Leyh, Enterprise Bank – Part 2 Subtitle: A two-part discussion with a successful banker fulfilling a COMMON BANKING need with an UNCOMMON BUSINESS solution. Date: July 25, 2017 Attendee and Guest:  Kelly Coughlin, CEO, BankBosun; Enterprise Bank Chuck Leyh This is part two of my interview with Chuck Leyh, CEO of Enterprise Financial Services in northwestern Pennsylvania. Kelly Coughlin is CEO of BankBosun, a management consulting firm, helping bank C-Level officers navigate risk and discover rewards.  He is the host of the syndicated audio podcast, BankBosun.com.  Kelly brings over 25 years of experience with companies like PWC, Lloyds Bank and Merrill Lynch.  On the podcast, Kelly interviews key executives in the banking ecosystem, provide bank C-Suite officers risk management, technology and investment ideas and solutions to help them navigate risk and discover rewards, and now your host, Kelly Coughlin. Greetings, this is Kelly Coughlin, CEO of BankBosun, helping bank C- suite execs navigate risks and discover reward in a sea of threats and opportunities.  Today is part two of my interview with Chuck Leyh, the CEO of Enterprise Financial Services in Allegheny County, Pennsylvania.  For those of you who do not know your geography, Allegheny County is in western Pennsylvania.  By the way, the history of Allegheny County is fascinating, especially the period during the 1750s and 1760s, before the revolutionary war.  During this time, the French and British were jockeying for position, power and control of the inter area of the U.S. and primarily the Ohio River Valley. In the U.S. we call this the French and Indian war but the Europeans call it the Seven Years War, and it was really the world’s first World War.  And at the center of the Ohio River Valley was a small fort first established by the French at the spot where three rivers came together, the Allegheny, the Monongahela and the Ohio rivers.  This spot was titled Fort Duquesne by the French but after they lost it to the Brits, it was renamed after the British prime minister at the time, William Pitt, of course, we all know it as Pittsburgh.  And at the center of Pittsburgh and Allegheny today is Enterprise Financial Services led by Chuck Leyh and his team. And they are doing some really really interesting and fascinating debt funding deals with companies who most likely would receive a big “no” from traditional bankers.  But because Chuck’s team has included a number of due diligence, risk mitigation and value-added consulting services to their business model, he has created a very good business and a company with excellent financial results.  In part one we talked about his unique business model and how it evolved and some of the critical value-add components.  In part two we are going to talk about how this uniqueness presents challenges in dealing with regulators and his auditors.  Kelly:                    Okay, just briefly, you are dealing with regulators and auditors, I imagine those guys give you a bit of a hard time over your business model.  Is that a fair statement? Chuck:             I would say that is an extremely fair statement.  I would say that if I had known the way the regulatory environment was going to be migrate after the recession I would have never started the bank in the first place. I am a CPA by trade and whether you are a regulator or you are a banker, the generally accepted accounting principles govern the way we operate and the financial information that we put out and I have a very very strong belief that regulators do not follow generally accepted accounting principles and as a result makes it very challenging for banks to deal with startup businesses or businesses in distress. Kelly:               Is it mainly the revenue recognition challenge? Chuck:             Yeah, I think that’s a big big part of it.  I’ll give you an example, if you look at GAAP There is terminology when it comes to revenue recognition and it’s basically, more likely than not probable.  If it’s probable you are going to recognize the revenue you should and if it’s not, you shouldn’t.  When you look at the way the regulators interpret things of that nature it goes beyond what the intent of generally accepted accounting principles, say, for instance, when we accrue revenue and a loan that may have a challenge associated with it, the regulations for the regulators that are interpreting that probability threshold, say that if you haven’t gotten a payment in 90 days you stop accruing revenue unless you are well secured and in the process of collection.  And that interpretation makes a lot of sense to me.  If you haven’t got a payment in three months, clearly this loan’s cash flow is challenged and it’s affecting your probability of collection, unless you have a lot of collateral and you should start recognizing income.  But the key comes into the way regulators interpret and their own regulation because when they say, stop recognizing income if you have a delinquency greater than 90 days, unless its well secured and in the process of collection, they interpret the term, “process of collection”,  meaning that I have to show I’ll have my money in 30 days.  Well, you tell me in the legal world how you can go through a foreclosure and get your money in 30 days.  Even if you are at 25, 30, 50 percent loan to value. It’s not possible and yet it is extremely probable that you are going to get all your money back.  This is why you have small business people that they build up a lot of equity and say, okay, it’s time for me to try to start my business.  I have spent years saving for it.  I have got all this equity saved up, now I need a loan for cash to buy some things and have working capital and the banks will say no.  And people look at us and say, what are you talking about?  I am asking for $100,000 loan and I have got $250,000 equity in my house, how can you not do this?  And the common sense approach is, I should be doing this I don’t have a risk of loss.  Except when a regulator tells you, well you can’t recognize any of the income and you know it might take two or three years to work out this loan. You have now put this capital out there and you can’t recognize income for two or three years until you have finished your collection.  Well, you can’t wait for two or three years to show income. Now, that drives banks away from helping small businesses.  It drives them away from helping businesses in distress and it does not follow generally accepting accounting principles.  And you will not get a regulator that will back off of that issue.  It’s just very bad for the economy, it’s very bad for the country and it’s a challenging environment to be in. Kelly:               I then asked Chuck about an interesting disclosure in his management discussion and analysis for the fiscal year ending September 30, 2016.  The difference between management’s application of GAAP and the regulator’s application of the regs is evidenced most clearly in a year when the regulators require that all prior payments received as a result of collections from nonaccrual loans that had been recorded as interest income should now be reversed and recorded as principal even though the banks position was well secured.   The result was a big material difference in the financial statements reported in the bank’s call report versus the financial statements reported to the shareholders.  Enterprise presented a very transparent description of the differences and the methods that triggered this, but I think you will hear Chuck talk about his ongoing frustration in having to deal with this. Let’s listen. Chuck:             No question about it, I’ll give you an example, we made a loan to a group who started up in business. They didn’t have enough to make the full down-payment of the GAAP required to put something down on full accrual but they did make a significant down-payment so that we were sure to get our principal back based on the property that served as collateral and other assets, and at least that was our opinion.  The regulator’s opinion was, no, you are not assured so you should be on cost recovery.  So, for three and a half to four years this loan never missed a payment, ever, for four years never missed a payment.  We never recognized one penny of income.  Then in year four when the minor payment were sufficient GAAP tells you, you can retroactively switch back to accrual and all the deferred income comes in, in one fell swoop.  So here you have, in our case, this was a large credit, this is a $2M credit.  We waited for three to four years.  This client never missed a payment, always had profit, always looked good.  We couldn’t recognize income until year four and then all the income comes in, in one fell swoop from three to four years for this loan.  When you talk about distorting income and creating a problem for shareholders and interpreters of a financial statements to try to understand what was going on.  You can’t create a better example than that.   There just seems to be no recognition from a regulatory body that that’s a bad thing.  You know, they all sit there and say, oh we are glad to see how it worked out for you.   And nobody looks back and says, maybe you should be concerned that you misrepresented the financial information for the last three or four years.  That doesn’t seem to be an issue for them. They are just very conservative, and that’s just the way it is.  You know, a lot of people sit out there and say, why are bankers so tough on small business and why won’t they make the small business loans, and you hear all your clients say, when I need the money they won’t give it to me and when I don’t need it they will.  Well, this is in fact the driving reason why.  Bankers aren’t bad people, but they have regulators that they have to deal with and what people don’t understand is, there is no way for me to get to court to get an independent evaluation of this. When the regulator makes this important decision, your only appeal rights are to the same regulator that made the decision and the only way we can get to court is to refuse to do what the regulator says. Then when they assess the fines against you it can be up to $10,000 a day for each director and senior officer and then we have the option to go to the court.  Well, think about this issue I had with that one credit and how it misrepresented things, do you think my directors wanted to take the risk of a five to ten thousand dollars a day penalty and it takes two years or so to go to court on an issue like that. And that’s their personal assets that they have to worry about.  So, it’s a practical matter.  A bank can’t even get to court to get a judge to rule on the thing and to override what you are doing so it’s a very challenging environment to be in right now. Kelly:               Yes, what’s in store for you and Enterprise?  Your secretary says you are 60 years old, you have got another 15, 20 years left in you.   Organic growth, acquisition, what’s the future there? Chuck:             We pretty much have decided on organic growth.  Actually, two and a half years ago, three years ago, stock growth for a few years because we made a decision to let capital grow to prepare for the adjustments for Basel III and now we are going to have to look at it again, watching what is going to go on with the new CECIL changes and how it is going to affect capital.  And about the time that we were contemplating what was going to happen with Basel III, and at one point we thought it wouldn’t be effective to the banks, at that stage we decided to double our overhead and prepare to double the size of the bank.  So, we doubled building size, infrastructure and everything else.  And as soon as we were done doing that and ready to start kicking in for growth and now that we have the infrastructure to grow safely and soundly then Basel III kicked in and we had to table the growth for a few years until we accumulated capital. And we kind of finish that up about a year ago and started to grow again and so now our key is to keep growing and balancing profits and growth because we elevated our overhead intentionally, our fixed over-head, and now we need to grow into it so that’s the bottom line, built to where we wanted to be.  Kelly:               What opportunities do you see?                                               Chuck:             As much as I can sit there and seem negative with regard to regulators, it’s a great business environment out there and people are always coming up with new ideas and it’s just a lot of fun to be out there helping people work with their dreams and build their businesses.  I think the opportunities are endless and we are in an area around Pittsburgh, Pennsylvania, where it’s a very large market and I think our opportunities are whatever we want them to be. Kelly:               Great.  And financial services or any service business, your key asset, go home every day, take the elevator home every day.  How do you tie them up?  How do you secure them and where are the biggest challenges you have in fulfilling? Chuck:             Well, as I said to you before, the relationship managers and that concept of running your own business inside the bank is certainly those risk parameters, risk reward parameters are very unique to the banking environment, most bankers are not entrepreneurs.  It’ challenging to find people that fit in that consulting relationship manager role but we don’t really lose them if we don’t want to in this scenario because typically they get there and they have that entrepreneurial drive and it’s hard for them to find that in banking. So when they get here it’s like they’ve found a great place and they are happy based on the concept.  So, it’s pretty easy to satisfy that group. And the senior management group where we have our chief operating officer and operations people and accounting people…the assets here are the people, they are not the machines, they are not the equipment. So, you have got to take care of them, reward them, keep them competitive with the rest of the market place and that makes it a fun place to work.  We have a campus type setting here, we have an auditorium here where we put on programs and I speak to small businesses and they are involved.  We have a gymnasium here, day care center. We have soft-serve ice-cream and pop and popcorn and so we try to make it a fun environment for everybody that it is something where they look forward to coming to work.   And it work out well because to be quite honest, the senior management group that we have recruited and we have really worked at, especially the last two or three years, developing a transition group, as I have gotten older and some others and so, you know, we try to create an environment that’s fun for them and it seems to be working because we haven’t had any turnover in those areas for the last 10 years.   We are pretty happy with the way things are working out that way and it’s basically just taking care of people and creating an environment that’s fun to work in.   Kelly:               Terrific!  Well Chuck, I bet you are an excellent executive.    That’s all I have, is there anything else that you want to add?  Chuck:             Life has always get you challenges and you always seem to take a step back but as long as you are routinely taking two forward that’s just the way life is and you have to enjoy it for what it is and it’s a lot of fun. Kelly:               Great.   Alright Chuck, thank you very much for your time.  I really enjoyed it.  Best of success going forward. Chuck:             Very good. Take care Kelly. Kelly:               Thank you.  Bye. Chuck:             Bye We want to thank you for listening to the syndicated audio program, BankBosun.com.  The audio content is produced and syndicated by Seth Greene, Market Domination, with the help of Kevin Boyle.  Video content is produced by the Guildmaster Studio, Keenan, Bobson Boyle. Voice introduction is me, Karim Kronfli.  The program is hosted by Kelly Coughlin.  If you like    this program, please tell us.  If you don’t please tell us how we can improve it. And now some disclaimers, Kelly is licensed with the Minnesota Board of Accountancy as a certified public accountant.  The views expressed here are solely those of Kelly Coughlin and his guest in their private capacity and do not in any way represents the views of any other agent, principal, employee, vendor or supplier.

Fort Duquesne, a French outpost fort in present day Pittsburgh, Pennsylvania, was strategically placed where the Allegheny and Monongahela rivers merge into the Ohio River. The Ohio then flows into the Mississippi River producing an important waterway linking Canada to the Gulf of Mexico. Dur: 17mins File: .mp3

On this date in in 1806, the first major improved highway in the United States was authorized. Here are some things you might not know about The National Road. The National Road began in 1751 as the Braddock Road, which ran from Fort Cumberland, Maryland, which is navigable limit of the Potomac River, to Fort Duquesne at the site of modern-day Pittsburgh, Pennsylvania. In 1806, President Thomas Jefferson authorized construction of a road between the Potomac and Ohio River at what is now Wheeling, West Virginia. Construction began in 1811 and the road reached Wheeling in 1818. Private toll roads were constructed connecting the eastern terminus to Baltimore, while in 1820, Congress approved extending the road to St. Louis on the Mississippi River. However the road never reached St. Louis, as Congressional-funded road building stopped in 1839. The western terminus of the road ended up at Vandalia, Illinois. Construction and maintenance was transferred to the states. Virginia built the Wheeling Suspension Bridge in 1849, which was at the time the world’s longest bridge at 1,010 feet between towers. It is the oldest vehicular suspension bridge still in use in the United States. The National Road eventually became part of the National Old Trails Road, which extended from New York City to San Francisco. In 1927, the road was designated as U.S. Highway 40. Most of its route is now paralleled by Interstate 70. Our question: Name the current state capitals The National Road ran through? Today is Youth Day in Taiwan and Boganda Day in Central African Republic. It’s unofficially Manatee Appreciation Day, National Mom and Pop Business Owners Day and National Lemon Chiffon Cake Day. It’s the birthday of comedian and writer Eric Idle, who is 74; basketball legend Walt Frazier, who is 72; and actress Amy Sedaris, who is 56. Because our topic happened before 1960, we’ll spin the wheel to pick a year at random. This week in 1989, the top song in the U.S. was “Eternal Flame” by The Bangles. The No. 1 movie was “Fletch Lives,” while the novel “The Satanic Verses” by Salman Rushdie topped the New York Times Bestsellers list.  Weekly question: When did Pan Am go out of business? Submit your answer at triviapeople.com/test and we’ll add the name of the person with the first correct answer to our winner’s wall … at triviapeople.com. We'll have the correct answer on Friday’s episode. Links Follow us on Twitter, Facebook or our website. Also, if you’re enjoying the show, please consider supporting it through Patreon.com Please rate the show on iTunes by clicking here. Subscribe on iOS: http://apple.co/1H2paH9  Subscribe on Android: http://bit.ly/2bQnk3m  Sources https://en.wikipedia.org/wiki/National_Road https://en.wikipedia.org/wiki/Cumberland,_Maryland https://en.wikipedia.org/wiki/Wheeling_Suspension_Bridge https://en.wikipedia.org/wiki/West_Virginia https://en.wikipedia.org/wiki/March_29 https://www.checkiday.com/3/29/2017 http://www.biography.com/people/groups/born-on-march-29 http://www.bobborst.com/popculture/numberonesongs/?chart=us&m=3&d=29&y=1960&o= https://en.wikipedia.org/wiki/List_of_1989_box_office_number-one_films_in_the_United_States https://en.wikipedia.org/wiki/The_New_York_Times_Fiction_Best_Sellers_of_1989

On July 9, 1755, British regulars and American colonial troops under the command of General Edward Braddock, commander in chief of the British Army in North America, were attacked by French and Native American forces shortly after crossing the Monongahela River and while making their way to besiege Fort Duquesne in the Ohio Valley, a few miles from what is now Pittsburgh. The long line of red-coated troops struggled to maintain cohesion and discipline as Indian warriors quickly outflanked them and used the dense cover of the woods to masterful and lethal effect. Within hours, a powerful British army was routed, its commander mortally wounded, and two-thirds of its forces casualties in one the worst disasters in military history. David Preston is the Westvaco Professor of National Security Studies at the Citadel. He is the author of The Texture of Contact: European and Indian Settler Communities on the Frontiers of Iroquoia, 1667-1783.