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July 2012 - Vol 5, Issue 7
In This Issue
July Entrepreneur
Numbers in the News
Factoring FAQ
Disposing of Old Computers
Learn From Competitors
Product Recalls
July Holidays
Cross Atlantic Day
Thoughtful Thoughts
Business Book Pick
Olympics
Join Our Mailing List!
Quick Links
Greetings!

Lisa Mazon

Summer is upon us!  And much of the country is experiencing a rollercoaster of extreme weather and natural disaster issues affecting not only personal lives but the business environment as well.  Our prayers go out to all those affected.

 

Our country's Independence Day is being celebrated on July 4th.  We wish all of you a happy holiday with family and friends.  Our offices will be closed on this special holiday.

 

Samuel Morse was selected as this month's entrepreneur of the month because of his impact on the communications industry, and July 27th being Cross Atlantic Communication Day!  We hope you enjoy reading his story.

 

Happy July -- stay cool!

 

Lisa Mazon

 

 

$$$ Refer & Earn $$$

ParadeBusiness contacts, friends, family and acquaintances -- you just never know when someone you know might need Mazon's accounts receivable services.
 
  
July's Entrepreneur:  Samuel Finley Breese Morse
 

Samuel MorseSamuel Morse was the first of three sons born to Jedidiah Morse (a minister and geographer) and his wife, Elizabeth Ann Finley Breese, in Charleston, Massachusetts.  The family was brought up in a religious environment. At the age of 8, Samuel attended boarding school in Andover, MA and entered Yale College in New Haven, CT when he was just 14 years old, studying religious philosophy, math and science.  As a child, he loved to paint and his artistic talent supported him financially throughout school when he painted portraits of friends, classmates and teachers ($1 for a profile; $5 for a miniature portrait on ivory). Samuel graduated with honors in 1810.  Despite his wishes for a career as a painter, his parents envisioned him to be a bookseller's apprentice, so he took a clerk position for his father's Boston book publisher.

 

Eventually, Samuel's parents realized his true passion was to be an artist, and on July 15, 1811 they reluctantly allowed him to sail to England to study art under the tutorship of famed artist, Washington Allston.  The War of 1812 broke out in the U.S. the following year and caused political and religious disruptions in his relationship with his father.  His paintings took on political and religious themes, which continued during his artistic career.  When he returned to the United States in August 1815, he began receiving commissions for portraits among the elite and government officials.  He frequently traveled between Europe and the U.S. to complete assignments and honing his artistic skills.

 

Morse PainterHe married Lucretia Walker on September 29, 1819 in Concord, New Hampshire.  Shortly after the birth of their third child in January 1825, Samuel was in Washington, DC, working on a portrait of a French aristocrat and military officer when a horse messenger delivered a letter from his father that read, "Your dear wife is convalescent."  Samuel left immediately left for his New Haven, Ct. home, leaving the portrait unfinished.  By the time he arrived, his wife had died (February 7th) and had already been buried.  Heartbroken in the knowledge that for days he was unaware of his wife's failing health and her lonely death, he began to pursue an idea for rapid long-distance communication.

 

Leaving his young children in the care of family members, Samuel set sail for Europe in 1829 to further his art studies and paint landscapes. On his 1832 voyage home to New York, Samuel met Prof. Charles Jackson of Boston who conversed with him about European experiments with electromagnetism (sending electric signals over long distances of insulated wire).  Inspired, Samuel wrote in his sketch book his ideas for a prototype of a single-wire electromagnetic recording telegraph using a code system.  In the fall of 1835, Samuel constructed a recording telegraph which punched a moving paper ribbon with alphabetically numbered coded text. In the spring of 1837 he showed his invention to Leonard Gale, a science professor at New York University, along with his plans for relays where one electric circuit is used to open and close another electric circuit further away.  For his knowledge assistance on the project, Prof. Gale became part owner of the telegraph rights.

 

original telegraphIn September 1837, Alfred Vail, an acquaintance of Samuel, was taken on as a third partner because of his financial resources, mechanical skills and access to his family's iron works for building telegraph models. The original Morse code was expanded in 1838 by Samuel and Alfred to include letters and special characters so it could be used more generally. Alfred determined the frequency of use of letters in the English language by counting the movable type he found in the type-cases of a local newspaper. The shorter marks were called "dots," and the longer ones "dashes" and the letters most commonly used were assigned the shorter sequences of dots and dashes, thus eliminating the need to encode and decode each word to be transmitted. (In the original Morse telegraphs, the receiver's armature made a clicking noise as it moved in and out of position to mark the paper tape. Telegraph operators later learned that they could translate the clicks directly into dots and dashes, and write these down by hand, thus making it unnecessary to use a paper tape.)

 

Seeing Samuel's success with the telegraph, Prof. Charles Jackson (Samuel's acquaintance from the 1832 voyage), attempted to claim to be the original inventor of the telegraph.  Samuel filed a formal rebuttal, and won -- the first of many such legal battles with others (including William Cooke and Prof. Charles Wheatstone) claiming invention rights over the years for his invention. It was not until 1840 when Samuel was finally granted a U.S. patent for his electromagnetic telegraph and code system -- two years after his patents were issued by England, France and Russia. His rights to the U.S. patent, however, went virtually ignored and were contested for years. It was not until 1854 that the U.S. Supreme Court finally upheld his patent claims as the first person to combine the battery, electromagnetism, the electromagnet and the correct battery configuration into a workable practical telegraph. Nevertheless, in spite of this clear ruling, Samuel still received no official recognition by the U.S. Government, although all U.S. companies that used his system slowly began to pay him royalties. In 1854, several European countries awarded him the combined equivalent of about $80,000 (at the time) for the use of his telegraph and coding system.

 

Morse StatueSamuel Morse died of pneumonia at his home in New York City on April 2, 1872 -- just 25 days short of his 81st birthday. He was survived by his second wife, Sarah Griswold (a second cousin 26 years his junior, whom he married in August 1848 with whome he had four children). Samuel was always a generous, unselfish man who gave large sums to charity. Over the years, he had become interested in the relationship of science and religion and provided the funds to establish a lectureship on the relation of the Bible to the Sciences. Other people and corporations made millions using his inventions, yet most rarely paid him for the use of his patented telegraph. He was not bitter about this, though he would have appreciated more rewards for his labors. Samuel and his family lived a comfortable life and by the time of his death, his estate was valued at approximately $500,000 ($9.7 million today).

 

Morse Code Facts:

 

-  Morse code began to be used extensively for early radio communication in the 1890s, before it was possible to transmit voice.

 

-  In aviation, Morse code in radio systems started to be used on a regular basis in the 1920s.

 

-  In 1920 the U.S. Navy experimented with sending Morse code from an airplane.

 

telegraph-  There was no aeronautical radio in use during World War I, and no radio system was used during Charles Lindbergh's 1927 flight from New York to Paris.

 

-  Beginning in the 1930s, both civilian and military pilots were required to be able to use Morse code,

 

-  Radio telegraphy using Morse code was vital during World War II, especially in carrying messages between the warships and the naval bases. Additionally, rapidly moving armies in the field could not have fought effectively without radiotelegraphy because they moved more rapidly than telegraph and telephone lines could be erected.

 

-  Morse code was used as an international standard for maritime communication until 1999, when it was replaced by the Global Maritime Distress Safety System.

 

-  The United States Coast Guard has ceased all use of Morse code on the radio and no longer monitors any radio frequencies for Morse code transmissions.

 

-  Today's use of Morse code is still most popular among amateur radio operators.

 

-  Morse code has been employed as an assistive technology, helping people with a variety of disabilities to communicate, including people with severe motion disabilities and sensory disabilities (deaf or blind).

 

Numbers In the News
 

GettysburgThe Battle of Gettysburg, Pennsylvania (July 1-3, 1863), was the largest battle of the American Civil War (1865-1865), as well as the largest battle ever fought in North America, involving around 85,000 men in the Union's Army of the Potomac under Major General George Gordon Meade and approximately 75,000 in the Confederacy's Army of Northern Virginia, commanded by General Robert Edward Lee.  Casualties at Gettysburg totaled 23,049 for the Union (3,155 dead; 14,529 wounded; 5,365 missing).  Confederate casualties were 28,063 (3,903 dead; 18,735 injured; 5,425 missing), more than a third of Lee's army. An estimated 569 tons of ammunition was fired during the three days of fighting.

 

Civilians at Gettysburg were left to deal with the thousands of wounded.  Homes and public buildings became hospitals, and diseases born of infection and unsanitary conditions made living in the town risky.  Volunteers came from the North and the South, however, to aid in caring for the wounded, burying the dead, and piling and burning carcasses of horses and mules killed in the fighting.

 

These largely irreplaceable losses to the South's largest army, combined with the Confederate surrender of Vicksburg, Mississippi on July 4, marked what is widely regarded as a turning point -- perhaps the turning point -- in the Civil War, although the conflict would continue for nearly two more years and witness several more major battles, including Chickamauga, Spotsylvania Courthouse, Mononacy, Nashville, etc.

 

Abraham Lincoln's Gettysburg Address was delivered November 19, 1863, at the dedication of the Soldiers' National Cemetery at Gettysburg.  The speech was extremely short by the standard of the day and received scant notice at the time, but its concise, powerful wording has made it one of the best-known public addresses in all of history.  Contrary to popular myth, Lincoln did not scribble the speech on the back of an envelope on his way to Gettysburg but wrote several drafts.  (Source:  www.historynet.com)

 

RIP

 

 

As a Mazon client, am I required to factor all of my company's invoices?
 

Dollar Sign

Mazon allows clients to choose which of their invoices to factor and which to keep in-house.  But, remember that when invoice volumes are higher and larger numbers of invoices are issued to a larger pool of your customers, the result is lower factoring fees to you.

 

If you would like to find out more about our factoring services for your business and/or apply for an account with Mazon Associates, please phone us at 972-554-6967 (toll-free 800-442-2740) or visit our website www.mazon.com.

 

 

Disposing of Old Computers
 

Computer trashGetting rid of your old computer?  Computers often hold personal and financial information including passwords, account numbers, license keys or registration numbers for software programs, addresses and phone numbers, medical and prescription information, tax returns and files created automatically by browsers and operating systems.  When you save a file, especially a large one, it is scattered around the hard drive in bits and pieces.  When you open a file, the hard drive gathers the bits and pieces and reconstructs them.  When you delete a file, the links to reconstruct the file disappear.  But the bits and pieces of the deleted file stay on your computer until they're overwritten, and they can be retrieved with a data recovery program.  To remove data from a hard drive permanently, the hard drive needs to wiped clean.

 

When disposing of your old computer, first save files you want to keep to a USB drive, a CDRom, an external hard drive or a new computer. Utility programs to wipe a hard drive are available both online and in stores where computers are sold. These programs generally are inexpensive; some are available on the internet for free and vary in what they do for you.  Some programs erase the entire disk, while others allow you to select files or folders to erase.  Other programs overwrite or wipe the hard drive many times, while others overwrite it only once.  Consider using a program that overwrites or wipes the hard drive many times so that deleted information cannot be retrieved.  Or, simply remove the hard drive and physically destroy it.  If you use your home or personal computer for business purposes, check with your employer about how to manage the information on your computer that is business-related.  The law requires businesses to follow data security and disposal requirements for certain information that's related to customers.

 

How to dispose of your computer:

  • Recycle it.  Many computer manufacturers have programs to recycle computers and components.  Check their websites or call their toll-free numbers for more information.  The Environmental Protection Agency (EPA) has information about electronic product recycling programs.  Your local community may have a recycling program, too.  Check with your county or local government, including the local landfill office, for regulations.
  • Donate it.  Many organizations collect old computers and donate them to charities.
  • Resell it.  Some people and organizations buy old computers.  Check online.

Remember, most comuter equipment contains hazardous materials that don't belong in a landfill.  For example, many computers have heavy metals that can contaminate the earth.  The EPA recommends that you check with your local health and sanitation agencies for ways to dispose of electronics safely.

 

(Source:  http://onguardonline.gov)

 

 

Learn From Your Competitors

 

CompetitionIf a competitor is handily beating you in a certain area of business, don't get mad.  Understand that they found a smart practice and that you might want to emulate certain things they do.  While it is never a good idea to outright copy competitors, in the world of capitalism, emulation is rife.  If you see a good idea that you can use, make it even better and use it yourself!  (Source:  www.Manta.com)


Product Recalls and Alerts
 
InspectorThe following recent recalls were issued by the U.S. Consumer Product Safety Commission. More details can be found at www.cpsc.gov. To report a dangerous product or a product-related injury, call CPSC's hotline at 800-638-2772 or visit http://SaferProducts.gov.  (Note:  It is illegal to sell or purchase recalled products from stores, flea markets, yard sales, etc. once a recall from CPSC has been issued.) 

 

Bowflex SelectTech 1090 Dumbells (Dist: Nautilius Inc, Vancouver, WA); Folding Deck Chair (Mfg: West Marine Products, Watsonville, CA); Kitchen Selectives 6-Speed Blender (Mfg/Imp: Select Brands, Lenexa, KS); Black & Decker Spacemaker 12-Cup Programmable Under-the-Cabinet Coffeemakers (Dist: Applica Consumer Products, Miramar, FL); ECHO Bear Cat Log Splitters (Mfg: Crary Industries, West Fargo, ND); Flushmate III Pressure-Assist Flushing System (Mfg: Flushmate/Sloan Valve Co., New Hudson, MI); Portable Space Heater and Portable Oscillating Space Heater (Imp: Big Lots, Columbus, OH); Thomas Lighting Ceiling Flush Mount Light Fixtures (Mfg: Thomas Lighting/Philips Consumer Luminaires, Elgin, IL); Outdoor Wall Mount Lanterns (Imp: Bel Air Lighting, Valencia, CA); Air Movers/Blowers (Mfg: EDIC, Los Angeles, CA).

 

 

July 2012 Holidays, Observances, Celebrations and Events

 

FlagJuly 2: Salvation Army Founders Day; July 4: Independence Day; July 22: Parents' Day; July 23: National Hot Dog Day; July 27: Summer Olympics Opening Ceremony, Cross Atlantic Communication Day; July 30: Father-In-Law Day.

 

Notice: Mazon offices will be closed on Wednesday, July 4th in observance of Independence Day. We will resume normal business hours of 8:30 a.m. to 5:00 p.m. on Thursday, July 5th. You may still submit invoices during our closed hours via fax, e-mail or drop-slot to be processed on Thursday.

 

 

Cross Atlantic Communication Day, July 27

Great EasternJuly 27th marks the 146th anniversary of the first sustained working telegraph cable between Europe and the Americas.  Before 1866, it took ten days for a message to cross the Atlantic by ship.  An early form of the telegraph had been used in Germany as early as 1809, but it wasn't until the 1830s that related crucial innovations made the invention commercially viable.

 

Charles Wheatstone and William Cooke patented the first commercial telegraph in the UK in 1837.  That same year, inventor Samuel Morse developed a telegraph system in the US, using the language that would come to dominate the wires:  Morse Code.  In 1844, the U.S. installed a telegraph wire from Washington DC to Baltimore, whereupon Morse relayed its first now-famous message:  "What hath God wrought?"

 

The idea of trans-Atlantic cable connecting Europe and the Americas appealed to several luminaries, but it's generally seen as the brain-child of entrepreneur Cyrus Field, who raised the cash and made the first attempt in 1857.  The 1,700 miles of cable was too big for any one ship to carry, so two were employed, the USS Niagra and the HMS Agamemnon.  The two ships met up in the middle of the atlantic, their two wires were spliced together, and the headed out in opposite directions, laying cable as they went.  The cables broke multiple times, and the mission was eventually abandoned.  The following summer, after several trials of errors, they set out again, and this time completed the mission, connecting a spliced cable from Newfoundland to Ireland.

 

CableOn August 16, 1858, the first trans-Atlantic telegraph message was sent:  "Glory to God in the highest; on earth, peace and good will toward men."  Followed by messages of goodwill and congratulations by Queen Victoria and President Buchanan.  The two countries celebrated, but over the next few weeks, the connection deteriorated, and finally gave out.

 

No one tried again for several years, and a Civil War engulfed the States.  But in 1865, Cyrus Field tried again.  Now, there had been built one ship large enough to carry the whole cable:  The Great Eastern, which was four times larger than any other ship in existence.  Captained by Sir James Anderson, the Great Eastern traveled from Ireland to Newfoundland laying cable as it went.  After over 1,000 miles the cable snapped, and the mission was abandoned.

 

The mission finally succeeded the following year when the Great Eastern lay another, more durable cable between the two coasts.  The first sustained trans-Atlantic telegraph cable was completed on July 27, 1866.

 

(Article text courtesy of www.everydaysaholiday.com.  Photograph of the actual historic trans-Atlantic cable courtesy of www.historyofdivingmuseum.com. Henry Clifford's painting of the Great Eastern courtesy of www.atlantic-cable.com)

 

 

Thoughtful Thoughts

 

Eagle and Flag

 

 

Integrity is doing the right thing, even if nobody is watching.

 

C.S. Lewis (1898-1963), Author

 

 

 

 

July's Business Book Pick of the Month 

 

BookThe 4-Hour Workweek, Expanded and Updated, by Timothy Ferriss, published December 15, 2009 by Crown Archetype, 416 pages, ISBN 0307465357.

 

Forget the old concept of retirement and the rest of the deferred-life plan -- there is no need to wait and every reason not to, especially in unpredictable economic times.  Whether your dream is escaping the rat race, experiencing high-end world travel, earning a monthly five-figure income with zero management, or just living more and working less, this book is said to be the blueprint.  It includes more than 50 practical tips and case studies from readers who have doubled income, overcome common sticking points, and reinvented themselves using the original book as a starting point.  Timothy Ferris was nominated one of Fast Company's "Most Innovative Business People of 2007," is author of the #1 New York Times, Wall Street Journal, and BusinessWeek bestseller, which has sold into 35 languages.  He is listed as #13 in the "100 Most Influential VCs, Angels & Investors" rankings.

 

 

 

How to Gain Admittance to the Olympics

 

OlympicsAn Englishman, a Scotsman and an Irishman were without tickets for the opening ceremonies of the Summer Olympics but hoped to be able to talk their way in at the gate.  Security was very tight, however, and each of their attempts was met with a stern refusal.

While wandering around outside the stadium, the Englishman came upon a construction site, which gave him an idea.  Grabbing a length of scaffolding, he presented himself at the gate and said, "Johnson, the pole vault," and was admitted.

The Scotsman, overhearing this, went at once to search the site.  When he came up with a sledge hammer, he presented himself at the gate and said, "McTavish, the hammer."  He was also admitted.

The Irishman combed the site for an hour and was nearly ready to give up when he spotted his ticket in.  Seizing a roll of barbed wire, he presented himself at the gate and announced, "O'Sullivan, fencing."

 

About

Our

Clients

Our clients are traditionally businesses that are manufacturers, distributors and service companies in the following areas: advertising / marketing / apparel / design / courier / delivery services / equipment repair / equipment maintenance / environmental services / graphic design / signage / printing / staffing / employment services / security services / catering / food services / legal services / light construction / telecommunications / transportation.

 

Our clients may include start-up, early-stage growth and high growth businesses; under-capitalized businesses with historical operating losses; businesses with cash flow problems having a cash flow need; businesses with tax liens or turnaround situations; businesses who may have been turned down for bank loans and/or do not currently meet a bank's credit criteria.

 

Our clients have delivered services or products to other businesses and have business-to-business invoices that can be independently verified.

 

Most of our clients have come to us through referrals of current and former clients. We rely heavily on word-of-mouth marketing to bring in new clients -- and we offer a referral program.

 

Our clients are located in any of the 50 states in the U.S.A.
 

We do not accept as clients businesses which have a majority of consumer receivables such as retail businesses, progress billings, third party pay medical receivables and certain construction-related businesses. 

 

For more information about becoming a client, please contact us by telephone 972-554-6967 ext. 238 or 1-800-442-2740, or visit our website www.mazon.com.

 

Idea BulbIf you liked this issue of Building Bridges, please forward it to a friend.  We invite you to share your newsletter thoughts with us.  If you would like to submit an idea, article or joke for consideration in a future issue of Building Bridges, or just want to tell us how we are doing, please email us at MazonNewsletter@Mazon.com.

 

Building Bridges carries no paid advertising.  All articles, images and links are for our readers' knowledge and enjoyment only. (Mazon is now on Facebook!)

Mazon Associates, Inc.
600 W. Airport Fwy., Irving, TX 75062
P.O. Box 166858, Irving, TX 75016
Telephone: 972-554-6967     Toll Free: 800-442-2740
Fax: 972-554-0951
Business Hours:  Mon.-Fri. 8:30 a.m. - 5:00 p.m.
Website:  www.Mazon.com