American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1913-07-10
IDAHO INTERESTS NOT
INJURED BY FAILURE
Crash of the Two Pttsburg Banks of the Kuhn Brothers
Resulted in Recevershp for the Enterprises Affected
and the Irrigation and Electric Projects of Idaho Will Be
Pushed at the Same Old Pace.

N the present affair and have to
be sold over again.
The irrigation enterprises on the
Twin Falls tracts can well be taken
care of by the state land board,
and nothing is endangered. The
amount OF work incomplete is 50
small as TO be comparatively in
significant to the amount Of money
lhst has been expended in that
part Of the state. Settlers will be
required to make annual payments
70 the Kuhn estate, under existing
regulations and agreements.
The condition IS safe and the
people OF this state feel absolute
iy secure, and extend to Messrs
Kuhn all sympathy in their EN-
9arrassment, as the Kuhns have
doue a great work for Idaho, and
it Is work that will endure.
Kuhns Named as Receivers
The appointment. by the United
states circuit court, Of J. S. Kuhn,
W. S. Kuhn and j. H. Purdy, as
receivers for the American Water
Works & Guarantee company, means
that all the Kuhn companies in this
II s.ate are under a rece!yership. These
The California-Idaho company
holding 81 per cent Of $4,000 OF
ompanies are: =
. the capital stock OF the Twin t,S4ls
North Side Land & Water company'
capital stock s1O.OOO,OoO.
Twin Falls-Oakley Land & Water
company, capital stock s250'OOO'
property, construction and water
rights, s2.2S4,26e. outstanding
bonds. s1,425,O00.
Twin Falls-Salmon River Land &
Water company, capital stock $780,
600 property, construction and wa
ter rights, S4.452.Sz5. outstanding
bonds. s1,sS4.O00.
5 Great Shoshone & Twin Falls wa
: ter Power company. capital Sl'5Oor
600, value Of plant, SS,+SS,6s7.
Idaho Southern Railroad compan!
capital 100000. assets S5.2+6'Oo'
American Falls Power company
j. capital s2.OOO,OOO.
Pinched in Investments
The causes leading up TO the fan
ure of the Pittsburg banks are com
'r plex.
lie Heavy investments in waterWorA
d PROPOSITIONS, coal and oil lands an
Of lnterurban railway companies, &c
Is gether with the financing OF sky
scraper bank and office building ar
Of given as some of the causes leadln
as up to the suspensions.
Of The trouble first made its appeal
IS, ance in the First-SecOnd Nations
n bank of Pittsburg. An alleged defie
ur encv of S2,145'0OO in the legal r.
N, serve of the bank and the subs
"a ouent examination brought matte
ry TO climax.
X The First-Second National bank
ce a recent consolidation OF the Fir
rer and Second National banks Of Pitt
is burg and has deposits of more th'
ur $50 100000.
The suspension of the institu'A
rer preeip'tated a run on the Pittsbu
ell Bank for Savings Of which ).
nd NuLn is p.' sidcnt.
me " s. Kuhn ana J. 5. Aunn o'
,rk me controlling interests in be
,ut banks and their Il sing led to p'
,ur sstent reports that a receiver wo'
led be asked for or the American N@'
am work Guarantee company,
largest concern CT its kind In
the country with which the kuhns
but prominently ident fled. The eone'
ent controls over 40 Nsterworks pla
any in the United STATES
ver ]. 5. and W. S. Kuhn, incorp
ated bankers, known as the hu
af- interests. are incorporated in Dt
af- ware with a capital stock OF s0'
GOO James S. Kuhn is charm
OF the board of directors and
brother w. S. Kuhn is viee-presio
It. lanes S. is also president OF
m American waterworks and I'll
.t antee company with a capital
:. 500 600 900 and W. S. Kuhn IS
president of this company.
X The Kuhn interests have cente
nd largely of late in irrigation prol
ID, n the. west. They also control
II traction. water. mining rrigat
al ,lectric. banking and other inter
involving millions.
Major Fred r. Reed, who u