The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1901-09-06
STAKEHOLDER HAS FOUR
HUNDRED THOUSAND.
BIGGEST BET IN HISTORY
Three to Five that Shamrock II
Lifts the Cup Is the
Wager.

2 - !
ternational yacht bet of $4,000 600 be-
tween an English syndicate, repre-
scented by Walter J. Kingsley OF En-
gland, and a group of patriotic Pitts
burghers, represented by VIM. R.
Muslin was finally arranged this az
ternoon. The entire sum was depos-
tied in the hands of the Stockholders.
Mr.. Kingsley turning over $150,OOO in
British bank notes and Mr.. Muslin
giving a certified check for $250,O0O.
What is said to be the greatest bet
in history was thus successfully con
summated. Mr.. Muslin and Mr.. Kings
ley arrived in Pittsburg this morning,
Mr.. Kingsley coming from New York
and Mr.. Muslin from Asbury Park.
Mr.. Muslin at once put Mr.. Kingsley
in communication with his principals
who were speedily assured that $780,
900 of British money was awaiting
their convenience. MI. Kingsley on
his side agreed to a certified check
for the full American side of the
wager. AS the name of Darr, Moore.
& Briton had been used repeatedly
without warrant in the papers OF the
country as the probable stakeholder,
the conference was held in the office
of that firm. The partners went into
the matter and decided that as theirs
was an investment business and
stakeholding not in their line they
must decline to hold the stakes. They,
however, did suggest the name of a
citizen prominent in financial circles
and who is known as far as London,
as a possible stakeholder. This gen
tleman on being approached consent
ed to be the stakeholder on the con
dtion that his name should be with
held from the public as he does not
care to share in the publicity now
enjoyed by those Pittsburgers who
crossed in the Deutschland. Bank
notes and checks were carefully gone
over and pronounced satisfactory
VNl. IAll60lCy . SAOuSieANAo WIN
amined and with the same result
The stake is to be paid within one
week after the concluding race, the
place of meeting to be New York
The wager is simply $150,0O0 to $3.50,
900 that Shamrock lifts the cup
There are no conditions as to acct
- $50 D1Al> NJ, Nf,,ctir ond Mr KINGS
ley. the brokers for their respective
syndicates will receive handsome
commissions. Mr.. Kingsley is to ge
5 per cent of the whole amout IL
case Shamrock wins and 2R per cen
of $3.50, 900 in the event of her losing
Mr.. Kingsley was glad to be relieved
of the responsibility for the e3l,OO'
bank of England notes he has CARRIE
on his person since leaving Englan'
Ausust %. Mr.. Muslin was also gla'
to conclude the affair, which he en
gagged in as a matter of business bu
which has gained him SO much III
desirable publicity and a prominenc
in the sporting world, altogether III
expected.
Mr.. Mustin's compensation for nj
share in the arrangement of the be
is five per cent of $3.50, 900, which wa
paid to him as soon as the wager wa
contaminated this afternoon. Tn
name of the stakeholder is most close
" guarded. The names of the me
composing the syndicate is also keI
from the public. '"They are all vel
known Pittsburg gentlemen, sal
Mr.. Mussin, ''but for obvious reason
their names are being withheld. The
are backing the American boat b.
cause they anticipate another victor
for the Yankee shippers
Mauer Smaller Amount.