The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-09-04
The MONEY PLACED
FUNDS FOR HIsToRY's BIGGEST BET
IN sTAKEHoLDER's HANDS.
THAT SHAMROCK LIFTS CUP.
ENGLISHMEN WAGER s150,0oO TO
$3.50, 900 OF AMERICAN MONEY.

There Are No Conditions Attached
10 the Bet and Accidents VIII Not
Affect ResuIt-The Challenger Must
Win the Cup for Her Bnckers to
Get Their Money-EngIish stake Is
i'm English Notes, While n Certified
Check Represents the American
End of the Bet--staISehoIder Re-
fuses to Permit Use of His Name.
He Cared Not for Publicity.
Pittsburg, Sept. 3.-The great inter-
national yachting bet of 100000 be-
tween an English syndicate, represent
ed by Walter ]. Kingsley of London,
and a group of patriotic Pittsburgers,
represented by William I. Muslin, was
finally arranged this afternoon.
The entire sum was deposited in the
hands of the shareholders, Mr.. Kings
ley turning over $3.50, 900 in British bank
notes and Mr.. Muslin giving a certified
check for $250,000. What is said to be
the greatest bet in history was thus
successfully consummated.
Both Mr. Kingsley and Mr.. Muslin
arrived in Pittsburg this morning, Mr..
Muslin coming from Asbury Park and
Mr.. Kingsley from New York. Mr..
Muslin promptly put Mr.. Kingsley in
communication with his principals who
were speedily convinced that the $780,
900 of British money was awaiting their
convenience Mr. Kingsley on his part
agreed to accept a certified check for
the full amount of the American side
of the wager.
AS the name of Darr, Moore and Bry-
don had been used repeatedly without
warrant in the press of the country as
the probable stakeholder. a conference
was held in the office of that firm.
The partners went into the matter
and decided that as theirs was an in
vestment business, and stakeholding
not in their line, they must decline to
hold the stakes. They did, however,
suggest the name of citizen prominent
in financial circles. and who is known
as far as London, as a possible stake
holder. The gentleman. when ap-
preached, consented to become stake
holder. upon the express condition that
his name should be withheld 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 check were care
fully gone over an pronounced satis-
factory. The credentials Of Mr.. Kings
ley were examined with the same re-
suit. 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 s150.000 to $250,000
that Shamrock lifts the cup. There
are no conditions as to accident.
Both Mr.. Muslin and Mr.. Kingsley,
the brokers for their respective syndi-
dates, will receive handsome commits
sions. Mr. Kingsley is to get per cent.
of the whole amount in case the Sham
rock wins and 21z per cent. of $15O,0O0
in the event of her losing.
Mr.. Mustins compensation for his
share in the arrangement of the bet s
per cent. of $3.50, 900, which was paid
to him as soon as the wager was con-
summated this afternoon. The name of
the stakeholder is the one closely
guarded secret in the bet. The names
also kept from the public.
"They are all well known Pittsburg
gentlemen" said Mr.. Muslin, but for
obvious reasons their names are be-
ing withheld. They are backing the
American boat because they anticipate
another victory for the Yankee skipper
and look upon the matter with the eye
OF business men. However, If the Eng
lishmen should take the cup away they
would not turn hair. They have the
spirit of true sportsmen, every one of
them, and If their quarter of a million
should be taken they would be the first
to say Bully for Lipton.'"
A flood of kilograms and cable mes.
sages from all parts of the world az
rived at the Hotel Schenley for Mr..
Kingsley yesterday inquiring about the
bet. In some quarters the bet has been
denounced, but little attention was
paid to messages received from cranks.