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Money

Alfred Michaelis, branch manager of the Italian office of The Gramophone and Typewriter Ltd, sends a telegram to his head office in London, UK, requesting £300 to pay for a recording session by rising vocal star Enrico Caruso.
Started by a discarded cigarette in the basement of the Hurst Building, The Great Baltimore Fire destroys most of the city of Baltimore, Maryland, USA, and causes an estimated $200m in property damage. Miraculously, no lives are lost. The disaster will inspire the 1929 song Baltimore Fire by Charlie Poole And The North Carolina Ramblers, and the 2007 track Nineteen Ought Four by J Roddy Walston And The Business.
Dean Martin and Jerry Lewis make a non-union-authorised appearance at The Vagabonds Club, Miami Beach, Florida, USA. Six months later they will be fined $1,000 by The American Guild Of Variety Artists, Florida, USA.
Maybelline by Chuck Berry peaks at No5 on the Billboard Top 40 Singles Chart in the USA. On the same day, I Hear You Knockin' by Smiley Lewis enters the Billboard R'n'B singles chart. Meanwhile, over in London, rock'n'roll fan Sidney Turner is fined £3 10s for "creating an abominable noise" by blasting out Bill Haley's Shake Rattle And Roll, much to the annoyance of his neighbours, for two and a half hours during an otherwise quiet afternoon.
Lucky Thompson records Have You Met Miss Jones?, Solitude, Soul Food, Pennies From Heaven, How About You and Midnight Sun for Symphonium Records in Paris, France, Europe.
Flamboyant American pianist Liberace wins £8,000 damages in the High Court, London, England, UK, Europe, against UK newspaper the Daily Mirror, which had published an article implying that he was homosexual.
American magazine Show Business Illustrated reports that, "The Kingston Trio is big business. Since June 1958, when its first LP went on sale, Trio recordings have grossed in excess of $25,000,000 accounting for nearly fifteen percent of bustling Capitol Records' total business. The Trio's annual earnings exceed $1,200,000. They received $200,000 to plug Seven-Up on radio and TV commercials. A Kingston Trio line of men's clothing grossed another $500,000 in six months."
After playing at a private function in Anderson, Indiana, USA, Ray Charles is arrested on heroin-possession charges in Indianapolis. He is bailed for $1,250.
At the EMI Annual General Meeting in London, England, UK, Europe, Chairman Sir Joseph Lockwood reports that in the first half of the year, sales of all products reached $231m, about two-fifths of that total being made up of record sales.
UK pop music weekly the New Musical Express (NME) reports that the British government is to take steps to prevent record price-fixing.
The Four Pennies play at the Oasis Club, Lloyd Street, Manchester, UK, supported by The Stylos.
Jazz and pop lyricist Johnny Burke dies aged 55, in New York City, USA. He is best-remembered for songs including Swinging On A Star, My Very Good Friend The Milkman and Pennies From Heaven.
Controversial radio deejay/promoter Alan Freed is indicted by a federal grand jury in the USA on tax evasion charges, stating that he owes $37,920 tax on unreported income of $56,652.
The Four Pennies play at The Public Hall, Kidderminster, UK.
Clark Foreman, Executive Director of the Emergency Civil Liberties Committee, writes to Bob Dylan asking for $6,000, the estimated amount lost from outraged attendees at the ECLC's annual fund-raising dinner in 1963. Dylan had upset many attendees by stating opinions at varyance to those of the committee. (Dylan will reply offering to pay any amount that was deemed lost due to his intervention there, but refusing to take back his words.)
The Coasters record Money Honey and Let's Go Get Stoned for Atco Records in New York City, USA.Let's Go Get Stoned will be a much bigger hit when it is recorded in 1966 by Ray Charles.
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Jimmy Nicol, the drummer who stood in for Ringo Starr when The Beatles toured Australia, Oceania, is declared bankrupt in court in London, England, UK.
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Roy Orbison's contract with Monument Records expires. He immediately begins a $1m deal with MGM.
In West Ham Magistrates Court, Romford, England, UK, as a result of the famous incident of urinating against a garage wall, three of The Rolling Stones are each fined £5 for 'insulting behaviour'.
The Who play at The Fender Club, Kenton, Harrow, UK. The terms of their contract specify a £180 guarantee against 60% of gross door receipts.
The Kinks record Dead End Street in Pye Studios, London, UK.
As Purple Haze enters the UK single chart, Jimi Hendrix sells a blue-white Stratocaster guitar at Selmer’s Music Store, Charing Cross Road, London, UK. Paul Kossoff, later to form Free, is working as a sales assistant in the shop. In the evening, The Jimi Hendrix Experience (billed as Jimmi Hendrix Experience) plays at The Guildhall, Southampton, earning a fee of £175.
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Blue Mink, a group of British session players, enter the UK singles chart with their first hit, Melting Pot, which will peak at No3.
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An injunction is granted to Warrick County, Indiana, USA, with the intention of preventing a proposed music festival for 60,000 people at Chandler Raceway Park near Evansville. The injunction will succeed, but the promoters will re-locate the festival to Bull Island on the Wabash River where it will become a disaster of significant proportions known as The Erie Canal Soda Pop Festival.
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In the plagiarism suit about the song My Seeet Lord copying The Chiffons' tune He's So Fine, former Beatles' guitarist George Harrison is ordered by court to pay $587,000 damages to publishing company ABKCO, owned by The Beatles' former manager Allen Klein.
London-based punk band The Clash sign to CBS Records for a reported
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In New York City, USA, Yoko Ono is awarded a court settlement of $120,000, because a neighbour, Janet Paterson, had accidentally flooded Yoko's Dakota building apartment by leaving the bath water running while she went shopping.
Johnny Cash, Waylon Jennings and Jessi Colter play the last of three nights at The Music Hall, New York City, USA, earning a combined gross of $295,130 for the whole run.
Blues-band The Hoax play their first professional gig, for a fee of
The Stone Roses win their legal battle with Silvertone Records who are trying to prevent the band from recording with any other label. The judge orders Silvertone to pay
The Spice Girls appear in the High Court, London, UK, where they are being sued by Italian motor scooter manufacturers Aprilia. The company had signed a £500,000 marketing deal with the band to make scooters bearing their five-girl silhouette logo, before Geri Halliwell left. The logos were now rendered obsolete, damaging sales prospects.
Irv 'Gotti' Lorenzo, boss of American record company The Inc, with artists including Ja Rule and Ashanti, is arrested on money laundering charges relating to drug deals.
Kid Rock is arrested in Nashville, Tennessee, USA, on charges of having punched a disc jockey at a strip club. He is released after posting a $3,000 bond.
Bon Jovi play on the opening night of the new $21m Nokia Theatre Times Square, New York City, USA, supported by Marc Broussard. The concert is broadcast by Network Live.
Rapper Ludacris performs the ceremony of ringing the opening bell at the NASDAQ stock market in New York City, USA.
Richard Ashcroft, formerly lead singer of The Verve, is arrested for being drunk and disorderly at The Bridge youth club in Chippenham, Wiltshire, UK. He is fined £80 and released.
Michael Jackson refinances his Neverland ranch in Los Angeles, California, USA, to the tune of $25m, to save it from being auctioned off to pay for his debts.
An OM-45 Deluxe Martin Guitar, serial No42125, formerly owned by the 'King of Cowboys' Roy Rogers, is sold at auction by Christies in New York City, for $460,000. Rogers bought the guitar in 1933 for $30 at a Californian pawn shop.
The Performing Rights Society announces that British rock and pop artists earned a record £139.6m in overseas royalties in the past year, up from £121m in 2007. The Police were the top-earning tour act, ahead of Iron Maiden and Coldplay.
Sources in the City Hall, Barcelona, Spain, Europe, reveal that U2 has paid a fine of 18,000 euros [$22,000, £14,723] for playing too long and too loudly during rehearsals in the city a year earlier.
Gibson Guitars announce the launch of three commemorative 'Limited Edition John Lennon Guitar Models to Celebrate the Iconic Musician's 70th Birthday'. Cheapest of the range is the John Lennon J-160VS, a snip at $4,728. Next up is the 70th Anniversary John Lennon J-160E at $10.748, and the range is topped by the Gibson Acoustic Lennon Museum J-160E at a mere $15,048.00.
Country star Garth Brooks is awarded $1m in a suit against a hospital in court in Oklahoma, USA. Brooks went to court because of a dispute over a $500,000 donation he made in 2005 in his mother's name to Integris Canadian Valley Regional Hospital in Yukon, Oklahoma, USA.
Jason Aldean is fined $100 for swimming in prohibited waters on a visit to the beach in Destin, Florida, USA.
Paul McCartney, Mike Oldfield, Dizzee Rascal, Arctic Monkeys, Emeli Sande and others perform live in the London 2012 Olympics opening ceremony, London, England, UK. It is later revealed that all of the live acts were paid £1 each for their perfomances. They had all agreed to play for free, but the £1 fee was necessary to validate their contracts.
Ray Dolby, the billionaire audio engineer who pioneered noise reduction in audio recordings and founded Dolby Laboratories, dies aged 80, having suffered from Alzheimer's disease for several years, in San Francisco, California, USA.
The Kickstarter campaign to fund Neil Young's PonoMusic player closes, having raised over $6m. It had reached its $800,000 target less than ten hours after going live, and now becomes officially the third highest-funded campaign in Kickstarter history.
It is announced that Lily Allen's personal 'vanity' record label ITNO (In The Name Of) has been shut down by parent company Columbia after just three years of operation, because of its lack of success.
Billboard magazine announces that The Rolling Stones, with three shows at the Tokyo Dome, Tokyo, Japan, Asia, on February 26, March 4 and 6 for a total of 147,493 people taking in a gross of $27,946,751, achieved the biggest-earning single concert run of 2014. The Stones total for the year was $134m, making theirs the No1 tour.
Mariah Carey and Sir Elton John perform live at the nine-hour long wedding of Russian billionaire Valery Kogan's granddaughter Irene, in The Landmark Hotel, London, England, UK, Europe.
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2017