The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-09-04
YACHT BET OF 100000
PIrTSBURGERs CONFIDENT SHAM
ROCK WILL NOT LIFT THE CUP.
Put Up s25O,OOO Against s15O,O0O
ton VIII Not Win the Trophy.

PITTSBURG. Pa, Sept. 3-The great in
ternational yacht bet of $500 900 between an
English syndicate, represented by Walter
j. Kingsley, of London, and a group of
patriotic Pittsburgers, represented by
William /. Muslin, was finally arranged
this afternoon. The entire sum was de-
posted in the hands of the stakeholder,
Mr.. Kingsley turning over $4,000 in Brit
ish bank notes and Mr.. Muslin giving
certified check for S25O,OOO. What is said to
be the greatest bet in history was thus
successfully consummated.
Both Mr.. Muslin and Mr. Kingsley ar
rived IN Pittsburg this morning. Mr.. Muslin
coming from Asbury Park and Mr. Kings
ley from New York Mr. Muslin promptly
put Mr. Kingsley i'm communication with
his principals. who were speedily con-
WINGED that the $4,000 of British money
was awaiting their convenience. Mr..
kingsley, on his part. agreed to accept a
certified check for the fun amount of the
American side of the wager.
AS the name of Darr. Moore & Brydon
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 investment business and stakeholding
not in their line, they must decline to hold
the stakes. They did, however, suggest the
name of a citizen prominent in financial
circles. and who is known as far as Lon
don. as a possible stakeholder. This gen
tleman when approached consented to be-
come stakeholder on 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 Plttsburg-
F.of sd in h.a Tnaf Crh ~ no
bank notes and the check We're carefully
gone over and pronounced satisfactory.
Mr.. kingsley's credentials were examined
with the same result.
The stake is To be paid within one week
after the concluding race, the place OF
meeting 10 be New York The wager IS
lifts the cup. There are no conditions as
% accident. Both Mr.. Muslin and Mr..
kingsley. the brokers for their respective
Syndicates. viii receive handsome commits
slons- Mr.. Kingsley Is to get 5 per cent.
or the whole amount in case the Shamrock
wins ana ~ per cent. OF $4,000 in the
event Of her losing
Mr. Mustins compensation for his share
IN the arrangement OF the bet is per cent.
OF $4,000. which was paid 10 him as soon
noon.
The name or the stakeholder is one close
" guarded secret in the bet. The names OF
the men composing the syndicate is also
kept from the public. They are all we'll
known Ptttsburg gentlemen said Mr.
Muslin ''but for obvious reasons their
names are being withheld They are back
ing the American boat because they antici-
pate another victory for the Yankee skin
pers and look on the matter with the eve of
business men However. N the Englishman
should take the cup away they would not
turn a hair. They have the spirit OF true
spOrtsmen. every one of them. and III their
quarter OF a million should be taken they
would be the first TO say Bully for Liptoni'
! have acted only a. the broker in arrang-
ing the bet and now my work Is finished
II came TO me quite the same way as any
other brokerage business. and / regret the
nOtoriety IL has given me.
IL was reported that NJ. X. McMullin. "A
WeIi-known Fourth-avenuc broker. had
been selected a. the stakeholder. When
asked about the matter tonight Mr.. Nc