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On this day in history, in 1111...
by Mike-ODonnell on 

Henry V of German was crowned the Holy Roman Emperor. And I only mention this because the year 1111 is an incredibly amazing year from a nerdy, mathematical perspective (which is the way I am looking at from way over here next to the potted geranium) and I’m sad that I won’t be around for 2222 which will be the next incredibly amazing year that no one here today will be able to experience either.


Now given the precipitous arrangement of single digits, you would expect great things to have happened in 1111 but, no, the historical record is pretty short on amazing happenings that year.


Yes, Henry V, the younger son of Henry IV, who had been crowned the King of Germany in 1099, did become the Holy Roman Emperor. But that was only because his older brother was a bit of a rebel and didn't toe the line according to the dad so had missed out on that kingship – it was a bit like the recent situation in North Korea where the dictator dad preferred Kim Jong-un to his older brother, who subsequently albeit “accidentally” bit the galvanized steel water carrying implement while passing through an airport in Malaysia the other week. But I digress.


Anyway, young Henry V had previously promised to respect the fact that his dad was the Holy Roman Emperor because being the King of Germany should have been enough of a distraction, so Henry V had sworn on a stack of bibles that he wasn’t going to meddle with the dad’s gig. But, as fate would have it, he ended up being talked into changing his mind (kids today!) and thought that sounded more fun than what he was doing. A few battles later, the dad was subsequently forced to step down and died, likely of a broken heart, soon after. After a few more wars with the locals, during which time Henry V had the opportunity to dress down Svatopluk the Lion (what a great name!) amongst other memorable notables, Henry headed for Rome so he could be crowned the Holy Roman Emperor as his dad’s replacement.


The Pope and the boys in red had some different ideas, so Henry’s soldiers seized the Pope and 16 cardinals, there was a bit of a scuffle, and, Henry V took a sword in the arm. He recovered quickly (it was only a flesh wound) but was a bit miffed so he and his boys kidnapped the Pope, carried him back to Germany in a pre-Pope-mobile era conveyance, and, made him crown Henry V as the Holy Roman Emperor at a little ceremony (no flowers by request) on April 13, 1111.


In a happy little twist of fate, Henry V later married Matilda, the daughter of Henry I of England (family reunions must have been challenging with all those Henrys) and died of cancer in 1125 whereupon his body was buried in the Cathedral at Speyer, and, his heart and bowels (the best bits) in the Cathedral of Saint Martin, Utrecht. He left no successors so he was the last of the Henrys even though his illegitimate daughter, Bertha “don’t call me big” (almost) Henry, married Ptolemy II of Tusculum. But that is a whole other story.


The only other things going on in 1111 according to some semi-reliable sources included: the Crusaders and Turks fighting to a stalemate in Syria (sounds familiar); the Berbers cutting a rug in Coimbra; and, Alfonso VII ascending to the throne of Galicia, a country that no longer exists (along with Alfonso).


Anyway, be that as it may, probably the question that has formed on your lips is what has any of this to do with anything related to Colorado Lending Source? Well, nothing much, as usual, but there are some clues there for my two readers who realize that history is still a window into the future, albeit one that needs a good wash from time to time.  


And as William Shakespeare wrote in Romeo and Juliet: “These violent delights have violent ends and in their triumph die, like fire and powder which, as they kiss, consume.”


And aren’t those words that all three of us can live by?  


I know I do. Everyday!

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On this day in history, the Ides of March, March 15th 44 BC
by Mike-ODonnell on 



Julius Caesar was stabbed to death during a meeting with about 60 or so senators at the Theatre of Pompey.


(You would have thought that Lincoln would have taken note of this.)


Anyway, Caesar's death was the final event in a political crisis that triggered a civil war that resulted in the rise to sole power of his adopted heir, Augustus. On the fourth anniversary of Caesar's death, in 40 BC, Augustus executed 300 odd senators as part of a series of actions taken to avenge Caesar's death, which just goes to show that political actions often have repercussions. Or, to say it another way, beware of “unintended consequences” or they might sneak up on you in the rotunda when you least expect it.


Although March was the third month of the Julian calendar, in the old Roman calendar it was the first month of the year so keep that in mind when celebrating the Ides of March. You may be doing that in the wrong month.


The series of holidays observed by the Romans from the first through to the Ides of March (aka the 15th of March) often reflect their origin as New Year celebrations because the Romans did not number days of a month sequentially from the first through the last day. Instead, they counted back from three fixed points of the month: the Nones (5th or 7th, depending on the length of the month), the Ides (13th or 15th), and the Kalends (1st of the following month). Many banks use the same method for calculating when loan payments are due. And how much interest to charge a borrower.


The Ides occurred near the midpoint of each month; on the 13th for most months but on the 15th for March, May, July, and October. The Ides were supposed to be determined by the full moon, reflecting the lunar origin of the Roman calendar. Therefore, in the old Roman calendar, the Ides of March would have been the first full moon of the New Year.


Of course, the Ides of each month were sacred to Jupiter, the Romans' supreme deity. Jupiter's appointed mortal high priest led the "Ides sheep" in procession along the Via Sacra to the arx, where it was sacrificed. This is really not much of a life for an ambitious sheep to look forward to. Then again, in those days before PETA, there weren’t that many career opportunities for ambitious sheep. Thanks for mutton.


And in addition to this well attended monthly sacrifice (and who doesn’t like a good lamb burger?), the Ides of March was also the occasion of the Feast of Anna Perenna, a goddess whose festival originally concluded the ceremonies of the New Year. The day was enthusiastically celebrated among the “common people” with picnics, drinking, carousing, poetry readings, discos, corn hole tournaments, and, revelry with revels. There was also, reportedly, a ceremony which involved people beating an old man dressed in animal skins and driving him from the city in an Uber … although the historical record is a little vague on the actual means of driving the old man out of town. It could have been a Lyft or one of those roller skate cars …. or even a #2 ox cart. This ceremony may have been a New Year festival figuratively representing the expulsion of the old year OR it may simply have been a ruse for the Romans to get rid of some of their less desirable and somewhat smelly elderly citizens.


Anyway, be that as it may, probably the question that has formed on your lips is what has any of this to do with anything related to Colorado Lending Source? Well, nothing much, as usual, but there are some clues there for my two readers who realize that history is a window into the future.  


And as Steve McQueen once said: “I hope you find what you’re looking for.”


And aren’t those words that all three of us can live by?  

I know I do.

Everyday!



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A Wheelie Good Time
by Colorado Lending Source on 

By finding a niche in the market and overcoming obstacles, Kesha Leets, owner of Cycology Studio, opened the first boutique cycle studio in Colorado Springs. Her determination, grit, and fortitude were essential characteristics in making her dreams come true, despite hearing the word “no” from various lenders.


Moving to Colorado Springs from New York City, Kesha could not find a gym that fit her needs and she missed the accessibility of spin studios in the Big Apple. Getting to know her new town, she realized that the culture of Colorado Springs would embrace the idea of a fun, hip, and specialized cycle studio; it didn’t take long before Kesha recognized a gap in the market and wanted to capitalize on it.


From her love of cycle class, Kesha searched for financing to open her own boutique spin studio, Cycology Studio. She approached a bank, but they required a 30% down payment for startups, and she could not come up with the large amount of cash. Despite the roadblock, Kesha was determined to live out her dream and continued to look for other options.


Eventually Kesha came across Colorado Lending Source’s Community Advantage loan program; however she needed either a bank referral or rejection letter to be eligible. While she sought financing elsewhere, Senior Community Advantage Loan Officer, Danielle Westblade, provided her with the knowledge and resources to guide her through everything. Kesha mentioned, “Eventually being recommended back to Colorado Lending Source, I met all requirements and moved forward with Danni. She made the process smooth and consistent.”


With a bank referral letter and guidance by Danni, Kesha was able to finance the startup costs of her business with only a required 10% down payment. (Kesha ended up injecting a total of 20% into the business.) The loan also gave her a six-month interest only period that allowed for construction to be completed and the studio to gain customers before full loan payments were required.


Without financing from the Community Advantage loan program, it’s unclear if Cycology would have come to fruition. But on October 24, 2016, the doors officially opened and Kesha’s aspirations were finally realized. Thanks to her perseverance and will power, Colorado Springs cycle enthusiasts can now have a wheelie good time, all year around!

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Sustainable Hydroponics & Organic Garden Supply
by Colorado Lending Source on 

Hydroponics, the technique of growing plants in nutrient rich water rather than soil, has been around for centuries. Ancient Egyptian hieroglyphics depict hydroponic gardens along the Nile River, and it is believed that the Hanging Gardens of Babylon were one of the first hydroponic systems ever.

 

Recently hydroponics has reappeared across the globe, especially in arid climates, developing communities, and rural regions, where it can be difficult to farm and garden, or easily obtain fresh food from local grocery stores. Colorado’s Western and Mountain communities have been faced with these challenges for years, but with the opening of Sustainable Hydroponics & Organic Garden Supply in Rifle, farmers and gardeners can now grow the best fruits, veggies, flowers and herbs all year round!

 

Justin Stevenson grew up playing in the dirt and his profound interest in gardening and landscaping fueled his decision to earn a double degree in biology and chemistry.  After graduating he was drawn back to gardening and got a job at The Grow Store in Lakewood, where he first learned about hydroponics. Justin was fascinated by hydroponic gardening and quickly became the store’s go-to-guy on the subject. However, he longed for a life in the mountains, so he left the Front Range for the western town of Silt and became an eighth grade science teacher, where he introduced hydroponics into the classroom.

 

Yet Justin’s passion for hydroponics was stronger than his passion for teaching, and in 2016 he decided to leave his job to open his own hydroponics store. Perfectly situated along I-70, Sustainable Hydroponics & Organic Garden Supply offers products ranging from hydroponic grow systems to nutrients, water purification machines and tented greenhouses, and so much more. Justin’s store is perfect for commercial growers and hobbyist growers alike, as he also provides educational training on the subject of hydroponics.

 

Justin worked with Colorado Lending Source to obtain a Community Advantage loan to help him open the business and purchase initial inventory, as well as furniture and fixtures for his new store. Now, thanks to Justin and Sustainable Hydroponics & Organic Garden Supply, farmers and gardeners can grow fresh fruits and veggies all year round!


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On this day in history, February 15th 590...
by Mike-ODonnell on 

Khosrow II was crowned king of Persia, and was the last great ruler of the Sasanian Empire, reigning, as he did, from 590 to 628, and ruling over huge swaths of land and even huger swaths of peoples.


Although Khosrow is unlikely to be featured on any US postage stamp anytime soon, his story is worthy of a HBO mini-series because it contains all the ingredients that those who enjoy the follies of the rich and apparently famous, would find fascinating.


His two uncles (= his mother’s two brothers) decided to waste their brother-in-law by first blinding and then killing him, and then they decided, in penance for their evil deeds, to put his 20 year-old son, Khosrow, on the throne. This annoyed one of the ex-dad’s senior army commanders who raised his own army and defeated the usurpers at a battle near the Sasanian capital of Ctesiphon. The miscreants fled and sought help from Rome (the one based in Constantinople) to regain it. They eventually helped out and then Khosrow and the two uncles wrestled control back the next year. Things settled down a little from there and the two uncles were given plum jobs in the cabinet and everyone thought it was a “happier ever after” moment in the making. But Khosrow soon began to regret the murder of his dad, what with the dogs running to the uncles now, and he began to ask the ultimate question, “to be, or not to be”, and paced the palace hallways late into the night questioning himself and checking things off on an imaginary clipboard. It wasn’t too long before Khosrow decided to right the wrong and put out the order to arrest and kill the two uncles.


He was able to get to one of them but once the other learned of his brother’s fate, he (a) wrote a rude letter comparing Khosrow to the rear end of a domesticated hoofed mammal of the horse family and (b) assembled his own army and had a popular uprising. It wasn’t until after several indecisive military encounters and a year after the eventually consummated and contrived murder of the remaining uncle, that the remnants of the popular people’s rebellion against Khosrow were finally quelled.


A period of quiet ensued during which, for a bit of variety, he had the Arab king of the Lakhmids of Al-Hira executed for not allowing Khosrow to marry his daughter, before launching, in 602, a full scale invasion of the Byzantine empire, Armenia, Egypt, and everywhere else in Asia Minor that he could get to by camel. On one of his sorties, he reportedly captured and carried off the “true cross” from Jerusalem in 614. His empire reached its zenith in 618 and then slowly went into decline, as is the wont of most empires, under military pressure from all sides.


Eventually Khosrow was captured in 628 and executed by one of his sons who reportedly had him shot to death, slowly, by arrows. This later became a Valentine’s Day tradition.


Did I mention that at one time Khosrow had a “shabestan” (also referred to as an inner sanctum or harem) in which over 3,000 concubines resided? Probably not as it isn’t really relevant to this story and may not have even been true because it has never being legitimately substantiated in the historical record.  


What has this to do with anything related to Colorado Lending Source? Well, nothing much, as usual but there are some clues in there for my two readers who sometimes think that everything will always be rainbows and unicorns.  


The bank default rate on C&I loans has doubled over the last six quarters at the same time that the default rate on commercial real estate loans has halved. There may be something in the wind. Turn slowly into it and have a good sniff next time the opportunity presents itself. (But keep upwind of pot growing facilities when doing so.)


And as Kermit the Frog is famously quoted as saying: “Always be yourself. Never take yourself too seriously. And beware of advice from experts, pigs and members of Parliament.”


And aren’t those words that all of us can live by?  I know I do. Everyday!


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On this day in history, January 11, 1569...
by Mike-ODonnell on 



On this day in history, January 11th 1569, the first recorded lottery in England was held with the winning ticket being chosen in the nave of St. Paul’s Cathedral in London.


Of course, the history of St. Paul’s is fascinating in of itself. The site was home to a Roman temple in 410 AD and it wasn’t until 604 AD that Saint Mellitus, a wondering monk of no fixed abode, who arrived in Britain with Saint Augustine on a special secret mission from Rome, founded St Paul’s. The earliest buildings were relatively short-lived structures, repeatedly damaged by fires and Vikings scavenging for spam. It wasn’t until about 1087 AD when Bishop “space cowboy” Maurice, Chaplain to William the Conqueror, built a structure that became the longest standing home for Christian worship on the site to date, surviving for almost six hundred years.

The Cathedral “quire” (this is the area in a church where the choir sits, in case you didn’t know – I must admit I didn’t) was the first part of the new building to be completed in 1148, enabling the Cathedral to get up and running as a place of worship as quickly as possible. Of course, up until the Reformation, St Paul’s was a Catholic cathedral. A great deal of public activity also took place there it wasn’t always welcomed by those looking after the church; trade, sports and ball games were common and a north/south route through the Cathedral transepts was used as a general thoroughfare. Paul’s Cross was an important feature of Cathedral life from at least the mid thirteenth-century. It was an outdoor covered pulpit from which proclamations were made and leading prelates expounded, often controversially, on theology and politics. It ceased to be used in the 1630s, and stood in the north churchyard until 1642 whereupon it was sold to a food vendor who turned it into a trattoria.

The reign of the eventually incredibly fat King Henry VIII saw the beginning of the end for many aspects of the religious life of the building as it had become associated with Catholicism. The sacred shrine of Saint Erkenwald (who was more famous as an alliterative poem of the 14th century than a person) was plundered and all the other shrines and images were destroyed. The full suppression of Catholic worship was carried out under Edward VI by the first Protestant Bishop of London, Nicholas Ridley, who was later beheaded by the new administration, Mary I, in 1555 – which just goes to show. Things swung back the other way under the next administration, headed by Elizabeth I, and the cathedral has been a Protestant bastion since 1559.


Then the first English lottery was conducted there in 1569. Unfortunately the winner and the winning prize are lost to history but it has been long suspected, based on the archeological record, that the winner was one Norman Wobblebottom and his prize was an emaciated chicken named Egbert.


Be that as it may, the presence of lottery games can be traced all the way back to as early as between 205 and 187 B.C. during the Han Dynasty in China. It is believed that the game Keno, a lottery-like game that is still currently played in Las Vegas by people who don’t know any better, originated at the time. Even back then, lotteries were being used to finance government projects, including such grand projects as the Great Wall of China. (And we all know how successful that was at keeping out the Mongol hordes.)


References to lotteries and "drawing lots" have been found in many ancient texts from numerous civilizations from Ancient China to Ancient Greece in Homer's The Iliad . The first known European lottery occurred during the Roman Empire. At first these lotteries were usually done simply as amusement at dinner parties for the nobility, because they didn’t have television or iPhones back then, however during the reign of Augustus Caesar there are records of the sale of tickets for a lottery in order to raise funds for repairs to the City of Rome.


It wasn't until 1434 that the earliest public lottery went on record - in the Dutch town of Sluis. And it wasn't until at least a decade later that the first lotteries with prizes in the form of money began to appear in numerous towns in Flanders (present day Belgium, Holland, and France). These first lotteries with monetary prizes were held to raise money to aid the poor and fund fortifications of the towns. These lotteries were hailed as a less painful form of taxation and were quite popular amongst the people. In fact, the English word lottery is derived from the Dutch word loterij which stems from the Dutch noun lot meaning "fate".


What has this to do with anything related to Colorado Lending Source? Well, nothing much, as usual, but there are some clues in there somewhere if you stop playing Mario Cart on your iPhone and concentrate for a few minutes. I, for one, am much in favor of a less painful form of taxation.


And as Albert Einstein is famously quoted as saying: “The hardest thing in the world to understand is the income tax.”


And aren’t those words that all of us can live by?  I know I do.


Everyday.

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On this day, December 14th 2016...
by Mike-ODonnell on 

the Federal Reserve will be wrapping up their two day monetary policy meeting this afternoon and a long awaited interest rate hike will likely be one of the outcomes, followed by two more planned hikes in 2017 and then three more in 2018 according to knowledge members of the Federal Reserve’s squatty potty “away” team who wish to remain anonymous at this time.


Coincidentally, about a thousand years ago to the day, King Cnut (pronounced “Nut” or “Knut”) was getting ready to be crowned king of all of England -- he was king of only part of England before November 30 in 1016 when the other king, King Edmund, kicked the proverbial iron clad steel water carrying implement in suspicious circumstances, which were the norm back then, as they are now. Cnut went on to be also king of Denmark, Norway and eventually little bits (the good bits) of Sweden. Had the internet been around back in those days, ye royal citizens would likely have been complaining about a one-world king and how bad it was that this nut called Cnut had so much power and could tell so many residents of the so-called civilized world on which side of the bread they could put their orange marmalade.


In a prescient twist of fate (is anything really random?), Cnut’s hairy dad Sweyn was the son and heir to King Bluetooth after whom, of course, all those gadgets that talk through the airwaves was named. A coincidence? I think nut.


Of course, neither the place nor the date of Cnut’s birth are known, nor is very much known about his mom other than the fact that he probably had one, but, when his grandfather Harald Bluetooth stopped working, his father, Sweyn Forkbeard (there is a story there too but we don’t have time to go into today), assumed the throne and the acorn Cnut was thought to be around two or so at the time.


Little is known about Cnut's early years until he cropped up in dispatches from the front when a large Scandinavian force, under the command of his hairy day, landed in England during the summer (which traditionally lasts about two weeks over there) in 1013. He probably lived the life of most typical Vikings – looting here, pillaging there. Spam for breakfast. Reciting sad and sorrowful sagas late into the night and, of course, drinking heady brandy from the skulls of enemies.


The 1013 raids by the Vikings quickly led to the fall of the country after King Aethelred the Unready did a Douglas MacArthur and scarpered across the English channel to safety disguised as a French mime. This left Sweyn in possession of England and thus the de facto king. When he coincidentally up and died a few months later, on February 3 1014, Cnut was immediately elected king of England by the Vikings to the dismay of the English nobs so they revolted and recalled Aethelred from his holiday in Normandy. This time, Aethelred the Unready was more ready / less unready and he managed to whip together an army that was large enough to chase Cnut and the Vikings out of the country and back to Denmark.


In the summer of 1015, Cnut, never one to quit, put a new fleet together and set sail for England once more with an army of perhaps 10,000 in 200 long ships this time. (That is a lot of unwashed Vikings in each ship – phew!) His objective was to plant his fleet firmly back on the soil of yon England. The invasion force fought a bitter series of skirmishes with the English troops for the next fourteen months and practically all of the battles were fought against the eldest son of Aethelred, Edmund Ironside, who had a very big rear end and later went on to inspire a popular television series staring Raymond Burr that aired in the US from 1967 through 1975.


The only description we have of Cnut is from a 13th century saga (the Norse had a thing about noses, btw) where he was described as being “exceptionally tall and strong, and the handsomest of men, all except for his nose, that was thin, high-set, and rather hooked. He had a fair complexion none-the-less, and a fine, thick head of hair. His eyes were better than those of other men, both the handsomer and the keener of their sight.”


After London fell to the Vikings in 1016, Cnut was left as king of all of England, which he ruled sagely, wisely and peacefully for nineteen years until he died at Shaftesbury in Dorset, and was buried in Old Minster, the future site of Winchester Cathedral.


During the English Civil War in the 17th century, plundering Roundhead soldiers (nuts themselves) scattered the bones of Cnut all over the floor and into the open chests of various other long dead rulers. After the restoration of the monarchy, the bones were collected and replaced randomly in burial chests so who knows where the old Cnut ended up.


After he was long gone, the spin merchants from later monarchies invented a myth about King Cnut that he was truly a bit of a nut who liked to stand on the beach commanding the waves – at least this is the story that I read in my fifth grade primer when I was going up. There doesn't seem to be any historical basis for this claim but it makes a good story for gullible fifth grade students.


What has this to do with anything related to Colorado Lending Source? Well, nothing much but there are some clues in there somewhere if you put your iPhone down and concentrate for a few minutes.


And as Raymond Burr is famously quoted as saying: “Never gaining a good reputation is not nearly as painful as losing one.”


And aren’t those words that all of us can live by?  I know I do.

Everyday.


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Earth-Friendly Shipping Supplies
by Colorado Lending Source on 

Partners in business and in marriage, Kyle Wente and Saloni Doshi, are two peas in a pod when it comes to their education and environmental values. Both Kyle and Saloni graduated from the Princeton University and earned an MBA from Kellogg School of Management at Northwestern University. With incredible business management experience, today they share the ownership of their business, EcoEnclose, which manufactures and distributes sustainable, earth-friendly shipping supplies in addition to offering small batch custom packaging and printing.    


Many have claimed that shipping supplies could never be 100% recyclable; however, EcoEnclose breaks the mold. Since 2012, their mission has been to improve environmental impact of the ever-growing e-commerce shipping industry. Kyle and Saloni purchased the business in 2015 and are incredibly passionate about reducing environmental waste, creating a cleaner planet and filling a void in the market where many businesses are afraid to fully commit. With a strong team focused on making it easy for customers to purchase earth friendly supplies, they have experienced 45% annual growth and serve over 5,000 customers nation-wide.


In 2016, Kyle and Saloni moved the business to Louisville, Colorado and purchased a manufacturing building that will give EcoEnclose space to grow. This was made possible with the assistance of John Stedeford of AmFirst Bank in partnership Colorado Lending Source to provide a Small Business Administration 504 loan. Without this program, AmFirst Bank would not have been able to provide financing, which would have not only been a disappointment for the business, but for the environment too!

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On this day, September 14, 1914...
by Mike-ODonnell on 


HMAS AE1, the first submarine commissioned into the Australian Navy and one of only two submarines Australia operated, disappeared in the seas off the coast of Papua New Guinea and despite numerous searches then and more recently, no wreckage has ever been found.


The submarine was an E-class vessel, hence it’s imaginative name, which was basically (for the two purists in the audience) a British D-class submarine enlarged to accommodate an additional pair of broadside torpedo tubes. The AE1 was 181 feet long overall, had a beam of 22 feet 6 inches and a draught of 12 feet 6 inches. She displaced 750 long tons on the surface and 810 long tons submerged.


These early submarines could typically only dive to 100 feet but with the addition of watertight bulkheads (which this one had) the actual diving depth could be increased to 200 feet. There were 34 officers and crew on board all of whom disappeared without trace, along with their vessel, and represented Australia’s first (of many) major losses in World War One.


With a maximum speed of 15 knots (17 mph) while surfaced and 10 knots (12 mph) when submerged, there was enough fuel on board to travel 3,000 nautical miles (3,500 mi) at 10 knots (19 km/h; 12 mph) while on the surface. There were four 18-inch torpedo tubes, one each in the bow and stern, plus two on the broadside, one firing to port and the other to starboard. The boat carried one spare torpedo for each tube. No guns were fitted. It was built at Barrow-in-Furness, England, on 14 November 1911 and arrived in Sydney from England (along with AE2) on 24 May 1914 – a heck of a voyage! Seven month later, it disappeared, shortly after helping to “capture” the German bit of Papua New Guinea.


Coincidentally, on Sunday December 17, 1967, the 18th Prime Minister of Australia, Harold Holt, disappeared while swimming in rough surf near Portsea, on the eastern side of Port Phillip Bay below Melbourne, Australia. After he disappeared from view (he was accompanied by a neighbor and others on the beach who watched him swim out into the surf), one of the largest search operations in Australia’s history was launched involving police, Navy divers, Air Force helicopters, Army personnel, and, volunteers from nearby communities. But just as with the AE1, no trace was ever found of the Prime Minster despite the fact that he was a strong swimmer and experienced diver.


One theory which quite caught the public imagination, when it was proposed in 1983, suggested that Prime Minister Holt was secretly a spy for the People’s Republic of China and that a Chinese submarine had picked him up. No trace was ever found of this mysterious Chinese submarine either. Another theory was that the AE1 had collected the Prime Minister.


Nonetheless it wasn’t until September 2005 that the Coroner found that Harold Holt had drowned in “accidental circumstances”. Hmmm.


What has this to do with anything related to Colorado Lending Source? Well, nothing much but there is probably a link in there somewhere. And as Harold Holt once said (and he didn’t really say that much that was memorable): Australians were unique due to our corals, our apples, our gum trees and our kangaroos.”


And aren’t those words that all three of us can live by?


I know I do.


Everyday.

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Ice House Video
by Colorado Lending Source on 



Check out more about Ice House HERE! Next session begins September 14th!

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