New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-12-10
HARVEY KENNEDY DEAD.
THE STOCK OPERATOR SUDDENLY STRICKEN
WITH PERITONITIS.

The death If Harvey Kennedy. well-known stock
onerator occurred suddenly at his rooms IN the Union
League a. yesterday. lie had Vist'h the opera
Friday night had attended TO business onSatuiuaS' ana
Sunday morning found him In his pew at 81 ILomas :
Protestant Episcopal Church. He was TAKEN III oh
Sunday afternoon, and although Dr. Puray ana o'Ier
physicians were called In when he became worse yes
terday morning, remedies were Of avail Inc cause
OF death was peritonitis developed by cold. Mr.
Kennedy was a widOwer and the change In his con
ditlon the end was so sudden tha' Ms ria''''
here could not be summoned time to bring them ID
his bedside. He living at the Union League peho
ing the completion of preparations for his occupancy
Of a new home at No. 90 Fifth-ave opposite d.
Thomas's Church. The announcement OF his DEAN 10
the Stock Exchange caused surprise His outstanding
obligations were taken care Of by Thomas ODel, OF
No II Newest the stock brokerage firm In which ne
was a special partner.
Mr. Kennedy was tall. with a commanding presence
to which his white beard added feature that heiped
to make him striking personality wherever he went
lie was about sixty years old, and his birthplace
was West Galway, then in Montgomery County, New
York state. lie was farmers but his first Dusi-
ness experience was a manufacturer OF stoNcs III
Albany. About thirty years ago he removed 10 thls
city and engaged in the same business, but soon went
into the stock brokerage business in the firm of Duian
& Kennedy Mr. Durant being the son OF large sugar
refner Mr. Kennedy Of the old members OF
the open Board OF Brokers, and his membership In the
stock Exchange dates nom May, 1869. lie formed the
firm of H. Kennedy Co. about two years previous 10
the last mentioned date, with Nicholas Palmer ana
Mr. Kennedy's brother, William L.. at NO ii brpaist
now part OF the big Drexel Building Mr. Palmer SUD
se1uenty withdrew and In 1880 the firm was dissolved
since that date Mr. Kennedy has had several business
connections I'M all of which his personality and capital
were the controlling power. and in the last few years
he has held the special partnership In the nrh Vi
Thomas & ODell.
wal Street men of long memories recall Mr. Ken
nedy's prominence as principally connected with the
big speculatlons in Chicago and Northwestern ana
I'm Rock Island after the panic of 1873 lie was the
broker Of President Percy Of the Rock Island ana al
one time when the stock Exchange struck that prop
ery from its list because of an issue Of stock Of
which notice had not been given to it, Mr.. Kennedy
conducted a spirited trading In 1t in his own Office
His firm suspended in 1876, and compromise was
made with the creditors. Mr.. Kennedy always was
proud of the fact that he bought Chicago and North
western stock when It was around Ia 30, and Della
ware, Lackawanns and Western when II
was in the thirtes. The latter invest
ment. he declared he had made in spite
of adverse advice from Mr.. Gould and Mr. Sage. By
tho operations in these securities, Mr. Kennedy laid
the basis for his fortune, which is varously estimated
at from 50 COO 900 IS, O00 900. At the time of his
death Mr. Kennedy the largest individual holder
in Delaware, Lackawanna and Western stock, accord
ing TO the claims of his friends and he also hed
large amount of Chicago and Northwestern. lie was
tho largest holder of stock in the Bank of North Amer
lea, of which he had been dire or ior many Years
He had been director in the Pacific Mall steamship
Company for two terms, but held railway official
post. His club connection ended with the Union
League and the Racquet Club.
At times Mr.. Kennedy a heavy dealer I'm stock
privileges. His business associates deny that he had
any large obligations of this sort outstanding when he
died.
lie recently declared to friends that he owned
81 900 free of encumbrances I'm real estate which
included the Flfthave. house that preparing for
his occupancy the building at No. IS Broadway and
No. II New-s where his offices were: lots in various
parts of this city and property in Washington, d. c..
and Johnstown y. Y.
Mr. Kennedy's wife Miss Helene Vandeweer.
Of Amsterdam, N. Y. She died two years ago, leav-
ing no children