The daily morning journal and courier., 1901-09-04
GREAT BET ON YACHT RACE
$4OO,OOO PUT UP BY ENGLISH AND
 AMERICAN SYNDICATES.
The Matter Finally Arranged Yesterday AfternOon-Englts Bet S150,O0O Against $250, ,OOO That Shamrock Lifts the Cup-No Conditions as to Accidents -Stakc to be Paid Within One Week After the Concluding Race.
After the Concluding Race.

Pittsburg, Sept. 3.-The great inter-
 national yachting bet of $40o,0O0 be- l tween an English syndicate, represent
 ed by Walter J. Kingsley of London
 and group of patriotic Pittsburgers, represented by William I. Muslin, was finally arranged this afternoon. The entire sum was deposited in the hands of the stakeholder, MT Kingsley turn | ing over S150,000 in British bank notes and MT. Muslin giving certified check
 for $250, ,0O0.
 | What Is said to be the greatest bet | in history was thus successfully con- summated. Both Mr. Muslin and Mr.
 Kingsley arrived in Pittsburg this morning, MT. Muslin coming from
 Asbury Park and MT. Kingsley from New York. MT. Muslin promptly put
 MT Kingsley in communication with his principals, who were speedily con- vinced that the $15O000 of British money was awaiting their convenience. MT. Kingsley on his part agreed to ac- cept a certified check for the full amount of the American side of the
 wager.
 As the firm name of Darr, Moore & Bryden had been used repeatedly with out warrant in the press of the country as the probable stakeholder, confer ence was held in the office of that firm. The partners went into the matter and decided that as theirs was an invest ment business, and stakeholding was not in their line, they must decline to hold the stakes. They did, however, suggest the name of citizen promi- nent in financial circles, and who is known as far as London, as reliable stakeholder This 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 checks were carefully gone oyer and pronounce ed satisfactory. MT. Kingsley's ere dentials were examined 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 $150,000 to $250,OO0 that Shamrock lifts the cup. There are no conditions as to accident. Both MT Muslin and MT. Kingsley. the brokers for their respective syndicates. will receive handsome commissions. MT. Kingsley is to get per cent. of the whole amount in case the Sham rock wins and 21a per cent of s15o,ooo in the event of her losing. MT. Kings ley was glad to be relieved of the re- sponsibility for the thirty-one e1,o0o Bank of England notes he has carried on his person since leaving England, August 23.
 New York, Sept 3,--Montgomery Smart, of the Produce Exchange, re- ceived a dispatch this afternoon from J. Fl. Kingsley, the agent of the English syndicate who placed $150,0o0 on Sham rock at Pittsburg to-day. saying he was ready with another $150, ,000 at the same odds, or half that sum. MT Smart inn- communicated with Broad way broker who arranged the first wager, and who has since put up $1o,- 900 against $S,00O that the Shamrock will not lift the cup.