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When the gold market in the USA collapses, a banking panic ensues. At the root of the disaster, popularly referred to as Black Friday, was a pair of crooks, Jay Gould and Jim Fisk who tried to corner the market on gold, buying as much as they could and driving up the price. However, the government found out, and released $4m worth of gold into the market, driving down the price and ruining Gould, Fisk and many other investors. Steely Dan will borrow the term Black Friday for a song about a crooked financial speculator.
Walter Donaldson is born in Brooklyn, New York City, USA. He will find fame as a songwriter, with credits including How Ya Gonna Keep 'Em Down on the Farm?, My Blue Heaven, Makin' Whoopee, Yes, Sir, That's My Baby, That Certain Party and You're Driving Me Crazy.
Pauline Hall, The Great Rauschle, Lizzie Evans And Harry Mills, Sam Marion And The McCoy Sisters, The Automobile Girl and The Lefevre Saxophone Quartette are appearing at The Orpheum Theatre, Brooklyn, New York City, USA.
A US patent, No. 1,707,545, is applied for in respect of the first moving coil speaker, the Western Electric No. 555 Receiver (Horn driver). Designed by E.C. Wente at Bell Labs, the speaker is designed "to receive and transmit sound with high and uniform efficiency over a wide frequency range."
Mal Hallett And His Orchestra record Moonlight On the Highway, Let's Have Another Cigarette, Life Of The Party and Turn On That Red Hot Heat for Decca Records in the USA.
Popular vocalist Mindy Carson plays the fourth night of a two-week season at the Thunderbird Hotel, Las Vegas, Nevada, USA.
Popular vocalist Mindy Carson plays the ninth night of a two-week season at the Thunderbird Hotel, Las Vegas, Nevada, USA.
Rosco Gordon and Bobby Bland record T-model Boogie, Crying, Letter From A Trench In Korea, Native Chant and Dr. Blues for Chess Records at Sun Studios, Memphis, Tennessee, USA.
Judy Garland is the guest artist on the Bing Crosby Cheserfield Radio Show in the USA. Songs performed include Over The Rainbow, Walkin' My Baby Back Home, You Made Me Love You, You're Just In Love, Hello Ma Baby, In My Merry Oldsmobile.
Louis Prima, Keely Smith and saxophonist Sam Butera appear on US tv's The Chevy Show.
Jimmy Driftwood and The Chad Mitchell Trio are the guest on tv show Chevy Showroom starring Pat Boone, in the USA.
Mississippi-born blues guitarist, singer and songwriter Billy Garland dies aged 41, in a car accident in Chicago, Illinois, USA.
Don Barbour of jazz vocal group The Four Freshmen dies in an automobile accident in Hollywood, Los Angeles, California, USA.
Bobby Bare records Brooklyn Bridge and Great Big Car in King Recording Studio, 1540 Brewster Avenue, Cincinnati, Ohio, USA. Brooklyn Bridge will be released as a single on Fraternity Records.
Joe 'Bebop' Carroll records [Get Your Kicks On] Route 66, I Got Rhythm and other tracks in New York City, USA. Both tracks will appear on his album Man With A Happy Sound.
Jazz vocalist Gloria Lynne plays at The Thunderbird Hotel, Las Vegas, Nevada, USA.
Travelling home from Scotland, UK, in The Hollies' van, guitarist and singer Graham Nash falls out of the door at 40mph. Nevertheless, the band travels on and carries out an engagement deputising for Gene Vincent on the tv show Go Man Go.
The Beach Boys are recording Fun, Fun, Fun and The Warmth Of The Sun in Western Recorders, Hollywood, Los Angeles, California, USA. The song is inspired by Salt Lake City teenager Shirley Johnson England, daughter of KNAK radio station owner Howard Johnson, who took her father's Ford Thunderbird and naughtily cruised State Street.
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George Harrison of The Beatles is slightly injured when his E-Type Jaguar is involved in a collision in Chelsea, London, UK. On this same evening, however, The Beatles begin a five-night stint at The Hippodrome, Brighton, UK.
Last Kiss by J. Frank Wilson And The Cavaliers reaches No1 in Cash Box magazine's chart of the best-selling singles in the USA.
The Hondells release a new single, My Buddy Seat, in the USA. The track is co-written and produced by Brian Wilson of The Beach Boys.
The Staple Singers perform at their local parish, New Nazareth Church, Chicago, Illinois, USA. The event is a service inspired by the Alabama marches. In a spirit-filled set that runs from Civil Rights anthems (We Shall Overcome) to traditional gospel (When The Saints Go Marching In), The Staple Singers introduce their own original material, including the just-composed Freedom Highway. The concert is recorded and will, eventually, be released as Freedom Highway Complete - Recorded Live at Chicago's New Nazareth Church.
Jazz trombonist Willie Dennis, best-known as a big band musician but also an influential bebop soloist, dies aged 39 in a car crash in Central Park, New York City, USA.
George Hamilton IV records Big Big Love, You Better Not Do That, Long Black Limousine and Together Again, with producer Chet Atkins, in RCA Victor Studio, 1611 Hawkins Street, Nashville, Tennessee, USA. The band on the session features guitarists Ray Edenton, Jerry Reed and Wayde Phillips, Ralph Mooney on steel guitar, Bobby Dyson on bass guitar, James Isbell on drums and Hargus Robbins on piano.
The morning after a disastrous performance at The O'Keefe Centre, Toronto, Ontario, Canada, Johnny Cash's manager Saul Holiff finds the singer overdosed and close to death in his Winnebago.
Rob McConnell's 13-piece Big Band plays in a benefit show for jazz drummer Archie Alleyn at the Town Tavern, Toronto, Ontario, Canada. Alleyn had been injured in a car crash and had to stop performing for several years.
The three-day long Autorama is staged at Cobo Hall, Detroit, Michigan, USA. Over the course of the three days, acts appearing include The Bob Seger System, The Rationals, Scott Richard Case, The Camel Drivers, The Amboy Dukes and The Talasmen.
Martin Lamble, drummer for Fairport Convention, is killed in a car crash in London, England, UK, Europe, along with rock clothes designer Jeanne Franklin. (Jack Bruce's album Songs For A Tailor is dedicated to her memory).
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George Harrison of The Beatles drives his house guest, Bob Dylan, to Heathrow Airport, near London, UK, in his Mercedes.
The Velvet Underground play the last of three nights at the Family Dog, Playland-On-The-Beach, Great Highway, San Francisco, California, USA.
Neil Landon, vocalist of Fat Mattress sustains injuries to his neck, head and elbow when his Jaguar skids into a wall on Hampstead Hill, London, UK.
Krzysztof Klenczon, singer, songwriter and bass player for Czerwone Gitary (The Red Guitars), widely regarded as The Polish Beatles, dies in Chicago, Illinois. He had been seriously injured just weeks earlier when he was hit by a drunk driver.
Arista Records holds its 15th Anniversary Concert at Radio City Music Hall, New York City, USA, with artists and celebrity guests including Whitney Houston, Air Supply, Lauren Bacall, Burt Bacharach, Eric Carmen, Chevy Chase, Jane Curtin, Clive Davis, Taylor Dayne, Michael Douglas, Exposé, Whoopi Goldberg, Melanie Griffith, Hall And Oates, Jennifer Holliday, Alan Jackson, Kenny G, Melissa Manchester, Barry Manilow, Milli Vanilli, Jeffrey Osborne, Carly Simon, Patti Smith, Lisa Stansfield, The Four Tops and Dionne Warwick.
Stiv Bators of Dead Boys and Lords Of The New Church dies in his sleep in Paris, France, Europe, of internal injuries caused when his motor cycle was hit by a taxi the night before.
After he pleads guilty in Aspen, Colorado, USA, to driving while his ability was impaired, John Denver is sentenced to sing at a benefit concert during 28 hours of public service. He is also fined $50.
Alan Wilder of Depeche Mode narrowly escapes death when an RAF Tornado plane crashes into a hillside near the A85 trunk road at Lochearhead, Perthshire, Scotland, UK, Europe, just 200 yards from his open-topped car which is showered with debris. The two airmen in the plane are killed.
Madonna's 1969 Mercedes convertible is sold for $56,350 at a rock memorabilia auction at Sotheby's in New York City. On the same day, American rapper Luther Campbell (of 2 Live Crew fame) files for bankruptcy in Miami, Florida, after losing a $1.6 million court case against fellow rapper MC Shy D for allegedly cheating him out of royalties.
Paula Abdul pleads no contest to a misdemeanor charge of hit-and-run driving. She is placed on probation and ordered to pay a $900 fine.
Former Toad The Wet Sprocket frontman Glen Phillips releases his third solo album, Winter Pays For Summer, on Lost Highway records in the USA.
Rapper Cam'ron is arrested in Harlem, New York City, USA, because of outstanding traffic tickets.
A woman in Northam, near Perth, Western Australia, Oceania, stabs her husband repeatedly with a pair of scissors for driving her to distraction by repeatedly playing Burning Love by Elvis Presley.
Jesus Take The Wheel by Carrie Underwood is awarded gold status by the R.I.A.A. in the USA.
Having only recently passed his driving test, Ozzy Osbourne crashes his brand new Ferrari into the back of another car [driven by a lawyer] in Los Angeles, California, USA.
It is reported that Jennifer Lopez has filed a countersuit against her former chauffeur Hakob Manoukian, claiming that he is trying to extort money from her. Manoukian had filed a lawsuit in April 2012 against Lopez, Nuyorican Productions and her manager Benny Medina, alleging that he was hired to be the superstar's full-time driver, but the defendants failed to pay him his previously agreed yearly salary of $72,000.
In the early hours of the morning, Bobby Brown is arrested for Driving Under The Influence after police observe the singer driving erratically in Los Angeles, California, USA. This is Brown's second DUI charge of the year.
Niall Horan of One Direction passes his driving test.
Madness play a live concert in driving rain to mark the closure of the BBC Television Centre in London, UK.
FOXOS play at The Mercedes-Benz Arena, Berlin, Germany, Europe.
A Ferrari owned by rapper Tyga is reposessed in Calabasas, California, USA, because he has missed some lease payments.
On their The Getaway World Tour, The Red Hot Chili Peppers play at The Mercedes-Benz Arena, Berlin, Germany, Europe.