davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
w. S. KUHN WITH SICK WIFE
Banker Has Nothing to Say
Concerning Closed Bank.

Beverly, Mass. July 7.-William @.
Kuhn, president of the First-Second Ma
tional Bank or Pittsburgh. is at the bed
side of Mrs. Kuhn. who IS III az Pride's
Crossing. a summer resort on the out
skirts of Beverly.
Mr.. Kuhn had nothing TO say to-day
concerning the suspension of the bank,
but referred inquirers TO his Pittsburgh
Office He said that he had not been in
Pittsburgh for a week.
Boston, July w. $. Kuhn and his
brother, J. S. Kuhn, the Pittsburgh bank
ers, are president and director respec-
lively, in the Boston firm OF Kuhn,
Fisher & Co, Inc, dealers in municipal
and corporation bonds.
The company has done an extensive
business with banks throughout New
England. II originally handled almost
exclusively bonds Of the Kuhn interests,
but of late years has gone extensively
into the sale of municipal issues. No
special information was received at the
local Office to-day concerning the sitJa-
tlon at Pittsburgh.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
SENATE LIST HELD UP
Blocked by Opposition to Mrs
Longstreet's Successor.

Washington, July deposition by a
few Senators to the confirmation Of Mrs.
II. w, ]. Ham as postmistress at Gaines
vile. Ga. as the successor to Mrs. Helen
D. L,ongstreet to-day, practically tied up
the confirmation Of the big list OF nomi-
nations pending before the Senate
Senator Hoke Smith insisted upon i'm
mediate confirmation OF Mrs. Ham. Sena-
tor Townsend said he would object to the
until the Senate Postoffice
Committee printed the report Of the hear
ing granted Mrs. Longstreet in regard to
the efficiency Of her administration The
Senate subcommittee in charge OF the
hearings has voted to report to the full
committee that Mrs. Longstreet made an
efficient and capable postmistress.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
BRYAN WARY ON JAPAN
Would Make No Predictions
After Talk with Chinda.
From The Tribune Bureau

Washington. July THE Secretary Of
State and the Japanese Ambassador con-
ferred to-day concerning the long delayed
American reply in the California land law
controversy. Secretary Bryan told VS.
count Chinda that the reply would be
Forthcoming in a day or two.
After the conference, which was incl
dental to the ambassadors introduction
of Sokota Ebara, Mr.. Bryan said he
could not comment on the negotiations
Asked II the exchanges thus far made
settlement seem possible Mr.. Bryan said
he would be cautious and make no pre-
dictions.
Mr.. Ebara is a member OF the House OF
Peers Of Japan. He met Mr.. Bryan when
the latter was on his tour of the world
some years ago, and was the first presi-
dent of a peace society which grew out
Of Mr. Bryan's visit to Japan.
Mr.. Bryan said to-day that he hoped
Tomorrow to announce a number Of de-
partmental and consular changes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
FIVE STUDENTS DROWN:
GALE UPSETS CANOES
Ten Battle with Waves on
Lake Erie in Sight of
Cottagers.

Buffalo July Five young men, MEM
bers Of prominent families of Niagara
Falls and La Sale. n. Y, were drowned
in Lake Erie Sunday evening, when a
sudden gale overturned the canoes in
which they we're padding down the lake.
The dead are:
Reginald Mcmahon, Albert Kaynor,
Thomas Brophy and Edward Reichert'
Niagara Falls. and Carl ID. Goodrich, La
Sale. They ranged I'm age from seven
teen to twenty-five years. and were stu
dents in chemistry at Niagara Falls
laboratories
The party. comprising ten young men,
In FIVE canoes. left Niagara Falls, ont.
on July 2. following the Welland River.
into the Wellarrl Canal and thence TO
Lake Erie. They spent Saturday and
Sunday at Crystal Beach. on the Cana
dian shore Early Sunday evening they
left there, intending to make Crescent
Beach. distance OF about ten miles. be-
fore dark.
The gale caught them of Windmill
Point. midway between the two beaches.
Cottagers at Rose Hill first sighted the
canoes battling with the waves. An
alarm was sounded. and several large
rowboats put out to the rescue. William
Cannon and Douglass Mcmahon, the lat
ter Il brother OF one OF the dead boys,
were first picked up. Walter Franz and
Joseph Cannon were rescued by another
boat
Although the four boys were almost ex-
hausted. they Joined the searchers after
a brief rest. Franz and Cannon came
upon one overturned canoe. to which
George Gray was clinglng, feebly crying
for help. lie was rescued.
The search was kept up until dark, and
all through the night beacon lights were
kept burning along the shore. No trace OF
the missing Ave was found, however. and
when one of their canoes was picked up
in the Niagara River to-day. ten miles
from Windmill Point. all hope was aban-
doned.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
OSBORNE TASK YET SECRET
Haytien Mission Over, Diplomat
Goes to Santo Domingo.
From The Tribune Bureau.

Washington, July John e. Osborne
the Assistant Secretary Of State, arrived
on Saturday in Santo Domingo City His
mission is still kept secret by the De-
partment Of State.
There is a report current that the de-
partment planned to have Governor Os-
borne drop into Santo Domingo CITY un-
announced to the Dominican government.
The news Of his trip, however, leaked out
when he arrived last week In Hayti. II
IL stated at the department that Governor
Osborne will remain few days In Santo
Domingo and then return TO the United
States. He has completed his work In
Hayti.
He is travelling aboard the United
States steamship Petrol, the movements
of which are kept Off the list of move
ments OF naval vessels which the Navy
Department publishes daily
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08

Frederic CORTLAND Penneld, who was
diplomatic agent and consul general TO
Egypt with the rank OF minister resi-
dent. from 1898 TO 1897. was born in Con-
necticut on April %. 1860. He was gradu-
ated from Russelrs Military School at
New Haven and took up special studies
I'm Germany. He served on The Hart
ford Courant." leaving that paper in 1885
10 become vice-consul at London. Fol-
lowing his retirement from the London
post he wrote extensively on world poll
tics and international affairs.
on Grover Cleveland second election
Mr.. Penfeld served as an expert adviser
on the requisites OF an improved foreign
service. In 1879 he was Minister TO Ar
gentina. ana before going TO that post
spent two years in Egypt as a colleague
OF Lord Cromcr.
Mr. Penhclds unusual attachments
brought him memberships In many FOR
eign societies and more degrees and Tor
eign decorations than often fall TO the
lot OF even distinguished Americans. For
a quarter Of a century nc has been fell
low OF the Royal Geographical Society
and he has received ''-, Paine Acade-
midue from the French government
When the United States bought the rights
OF the French In the Isthmus OF Panama
the French government conferred on him
the cross OF the Legion Of Honor.
Princeton has conferred on Mr.. Penheld
the honorary degree Of Master Of Arts
lie Is a member OF many New York clubs
including the New York Yacht club. un-
der whose pennant he has sailed around
the world and southwark on the Nile
beyond Khartoum.
Mr. PenGeld is the author OF Present
Day Egypt and East OF Suez, as well
as contributions 10 many magazines on
economic and diplomatic themes.
Mr. Penheld has been twice married
His second wife was Mrs. Anne Weight
man Walker OF Philadelphia, daughter or
the late William Welghtman. whose fort
une is estimated at from SOO",D 10
$50 O0oc00. Tho entire fortune descended
TO the daughter.
The Pope conferred the grand cross OF
the order OF st. Gregory on Mr.. Penheld
and on Mrs. Penncld the title OF mar
chiouess
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08

sidary companies, carried on the books
at $40, 1882, with salable stock valued at
$3.50 and salable bonds valued at sS3i,lio
Other assets consisted Of $685. city war
rants, $40, 735, $50 notes and accounts receiy-
able, $500 miscellaneous assets and
s., S50,9i4 cash in banks and on hand. The
large item Of notes and accounts receiv.
able consists largely Of money advanced
to subsidiary companies.
The company has 100000 common and
$40. 900 600 6 per cent preferred stock. The
preferred was listed on the New York
Stock Exchange November 3, 1912, and
the last sale was at 50. The largest
stockholders are in Europe. The common
stock IS quoted between 50 and 90. Nearly
forty companies are controlled by the
American Water Works and Guarantee
Company. These subsidiaries have s37.
$4,000 bonds outstanding, Of which
s9.e54,OO0 are owned by the United Water
and Light Company and are placed an
collateral to its bond and note issue.
From It's inception. in 1882, the Amer-
can Water Works and Guarantee CON-
pany has been under the Kuhn manage
ment It's principal operating property
is the West Penn Traction and Water
Power Company. which operates through
it's subsidiaries a large electric railway
system IN Pennsylvania and West Vir-
ginia and furnishes light and power 10
rs towns in its territory.
Interests identified with the Pennsyl.
vania Railroad denied that the road was
largely interested In the bank failure.
The Pittsburgh bank was a depository OF
the railroad company and Vice-Presidents
Taylor and Turner are directors.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
GETS BAIL FOR HUSBAND
Wife's Efforts Save Carmichael
from Another Night in Tombs.

Bail in 5000 was obtained for Vivian
Carmichael, the real estate promoter, ac-
cused OF presenting false proofs of loss.
yesterday. II was not until $50 o'clock in
the afternoon that satisfactory security
was offered, and had IL not been for the
persistent efforts of his wife Carmichael
might have spent another night I'm the
Tombs.
Carmichael was arraigned before Judge
O'Sullivan in General Sessions yesterday,
and at the request OF his counsel plead
ing was postponed for two weeks. Car
michaers counsel said that to the best Of
his knowledge the story that Carmichael
was kin to the Earl OF Fife was cor
rect. He understood. he said. that Car
michaers father. Thomas, had a Scottish
title which he never used
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08

Opinion among bankers. however. was
that tho Pittsburgh situation would not
extend to New York The suspended bank
has several correspondents here, but II
was declared that it owed them little
money. James G.. Cannon. president OF
the Fourth National Bank. which is one
of the First-Second Nationals corre-
spondents. made the following statement:
THE First-Second National Bank Of
Pittsburgh does not owe this bank a dol
lar. directly or indirectly. II has a spien-
did balance to it's credit. besides having
on special deposit with us a large amount
OF first class Stock Exchange readily sal
able bonds"
A. Barton Hepburn. chairman of the
Chase National Bank. said the First-Sec-
ond National OF Pittsburgh did not owe
his bank anything, and he expressed the
opinion that the failure would have no bad
effect locally.
Besides the Fourth National and the
Chase National. the failed banks New
York correspondents are the National
City Bank. the National Park Bank, the
seaboard National Bank and the First
National Bank. Out-of-town corre-
spondents are the First National Bank OF
Chicago, the Gerard National Bank OF
Philadelphia. the National snawmur bank
of Boston and the Merchants Mechanics
National Bank of Baltimore. The Paris
Bank. London; the Deutsche Bank. Ber-
lin. and the Credit Lyonnais, Paris, arc
among the foreign correspondents.
The American Water Works and Guar
antee Company. which is involved In the
failure of the First-Second National, un-
der date of May 1. 1913. reported owner
ship Of SIC, $1,000, par value, stock Of SUBJ
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
BALTIMORE CONCERN KEEN
Kuhn Securities Largely Heiu
by Residents There.
[By Telegraph TO The Tribune.

10y W Aht A'iH'i
Baltimore, July deep interest 10 ",
suspension OF the First-Second NauV"-'
Bank of Pittsburgh was felt in baIuinO'
financial circles to-day, because sVos'
$4,000, 900 OF securities of the various - -,
Germs the Kuhns have promoted are 20
in Baltimore These properties 49,,
borne the highest kind Of a repu's"
and II is said that in the thirty-hve ys
the Kuhn Brothers have been IN O"' Zach
there has never been the slightest
in paying interest or DIVIDENDS. .rs
Some of the wealthiest Baitlnlo, n,..t
hold these securities. principally inc ri.
Penn Traction Company and the "a 10.
can Water Works and Guarantee
pany. ,s.
The First National and the Merops
Mechanics banks are Baltimore Ind
spondents OF the Pittsburgh tlrsts IS
National. II is understood that he's III.
at all apprehensive of any unto""N
come Of the difficulty.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
Decided to Shut Down.

Mr.. Kane issued the following state
ment tonight:
AT n meeting OF the directors OF the
First Second National Bank, held on
Sunday. the condition Of the bank and
the results OF the recent investigation
OF the bank examiners were discussed
After full consideration, the directors
declared their inability to make good
the banks impaired capital, and with
out dissent decided that 1t would be
best for the protection Of deposltors
and all other interests to have the
Controller of the Currency take charge
and to arrange for the liquidation Of
the bank.
THE Pittsburgh Clearing House
committee. which has been engaged FOR
the last four days in going over the
affairs of the bank with the examiners
and in making a careful investigation
as to its condition, refused 10 furnish
funds sufficient To justify the bank In
keeping It's doors open. and agreed
under the circumstances there was no
alternative to The course recommended
by the banks directors.
THE officers Of the bank have ex-
pressed to the department the belief
that there will ultimately be but little,
IL any, loss 20 the banks depositors.
The liquidation Sf the bank, and the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
Party in George c. Boldt's
Motorboat Thrown Into
Water by Collision.
lRr Telegraph to The Tribune. ]

Alexandria Bay. n. Y, July 7-When
the yacht Sissilina owned by Nathan
Straus. crashed into the motor boat frost
King owned by George c. Boldt, iast
night, John Harris, Of Brooklyn was
killed and FIVE others In the motor boat
including Orin Porter. of Alexandra Bay,
and Rose Healy, Mary OTooie' nate
Healy and John Bologna, OF New YORK
were thrown into the water as the frost
King sank All were rescued except Har-
ris. whose body has not been found
Fred StoweI, Weston stowel and John
Ivey did heroic work in saving those on
the Frost King, all of whom were cut.
The Frost King was taken out against
Mr. Boldt's instructions oy Grin Porter
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
KUHN INTERESTS IN IDAHO
Seven Projects There Involve
More than S30.O00.000.

Boise. Idaho July 1.-The Kuhn inter-
ests are operating in Idaho to large eX-
tent under the Carey act. The acreage
under seven OF tho Kuhn protects
amounts TO l.242.532 acres. and the pro-
jected cost of putting the land under
water for cultivation. according to figures
supplied by the Idaho State Land De-
partment, will amount 20 So.SO,o0.
The amount the Kuhns have expended
TO date aggregates sll16,sc5. The Carey
act projects OF the Kuhns are at Twin
Falls and Miner. along the Snake River
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
TO INSPECT NAVY YARDS
House Committee Will Visit New
York on July Ia.

Washington. July THE House Naval
Affairs Committee to-day completed plans
for its summer inspection Of the Atlantic
Coast navy yards. About eighteen MEM
beers OF the committee will make the
cruise In the Presidents yacht. the May
flower leaving here next Wednesday.
The itinerary follows:
Norfolk. Va, July 10; Philadelphia, July
l2 New York, July IL; New London.
Conn. July 10; Newport. r. l., July Is;
Boston, July 10: Portsmouth. n. H.. July
20; Frenchman's Bay. Ne, July 81, re-
turning 10 Washington July %
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
CURTIS TO LEAVE M'ADoo
Assistant Secretary of Treasury Will
Soon Resign.

Washington. July flames +. Curtis,
Assistant Secretary Of the Treasury, in
charge Of the customs service, who held
over In Office from the previous admins
tration, is about 10 tender his resignation
II is said that Mr. Curtis probably will
retAe within three weeks, giving way to
a successor now being selected by Sec
rotary McAdoo.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
OBJECTS TO sCHMEDEMAN
Norwegian Paper Calls Nomination
az Minister Unfortunate.

Christiania, Norway. July THE Nor
genbladet" considers the appointment Of
Albert Schmedeman as Minister to Nor
way extremely unfortunate. II adds
that influential American Norwegians are
taking steps to oppose Mr.. Schmedeman's
confirmation. and points out that he has
had no experience In public affairs and
never held office.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
ORANGE MOOSE SLOW TO ENROLL
fBy Telegraph TO The Tribune.l

10y ieesIaPh 10 Inc iIiouhe't
Goshen, n Y, July THE board Of
election commissioners Of Orange County
sent out 1900 ballots for those who de-
sired to enroll with the Progressive party
The time of returning the ballots has ex-
pired and only 1870 voters have enrolled.
cast in the county last November.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
STOCKS SELL OFF
ON PITTSBURGH NEWS
Local Bankers Confident, How
ever, There Will Be No Bad
Effect in New York.

Although the news Of the Pittsburgh
bank suspension was not great surprise
20 Wall Street banking interests, the
stock market. always susceptible 10 bear
fish reports, sold of sharply in several
leading issues loss OF three points in
Great Northern ore was attributed TO the
bank failure. II was said that a large
block OF this stock had been carried in
London, and that the failure necessitated
liquidation. other losses sustained dur
ing the DAYS trading were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08

distribution Of its assets will proceed
as expedltiously as possible
During the early hours of the day
run was made on the Pittsburgh Bank
for Savings, another Kuhn institution,
because of the climax in the afairs Oh
the First Second National. All de-
mands up to $50 were paid without
question, and notices for larger amounts
were asked, running thirty, sixty anu
ninety days, according to the amount
demanded by the depositor. This in
stitution made a statement that II had
s5.0OOOOO in cash and quick assets and
was prepared for any emergency.
The run was over before the closing
Of banking hours, and It is not thought
any anxiety over this institution need
be felt
Merged in March Last.
The former First National Bank
which was accredited as one or the
strongest banks in the country, was
merged with the Second National Bank
last March. the merged institution TAX
ing the name Of the two banks. Al
that time Oscar Telling. formerly OF
the Controllers department and VINO
was president Of the First National
was made vice-president of the COM
bined institution, and w. S. Kuhn, then
OF the Second National Bank, was made
president
Previous to the bank merger the
Kuhns were identified with the FIRST
National Bank of Allegheny, on the
north side Of the city. This lact
caused many rumors that this bank,
too, had closed it's doors. The reports
we're unfounded, however, for the
Kuhns disposed Of their interests and
resigned from all connection with the
bank several months ago.
Receivers Appointed.
When application was made in the
federal court this afternoon for re-
ceivers for the two Kuhn concerns
Judge C. p. orr appointed for the j. s.
G. w. S. Kuhn Company Inc, the two
Kuhns and J. X. Duff, treasurer OF
the banking house.
For the American Water Works and
Guarantee Company were appointed
J. s. and w. S. Kuhn and j. II. Purdy.
general manager OF the company. y
fourth receiver is to be appointed later,
Judge Orr being OF the opinion that
one Of the receivers should be person
having no financial interest in the
company. The receivers are required
10 furnish $4,000 bonds.
The affairs OF the Ftrst-Second Ma
tjonal Bank are tonight in the hands
Of C. c. Murray, who has been APP
pointed receiver Bank men are taking
some reinsurance In this appointment
because Of Mr.. Murray's successful
winding up Of the affairs Of the Ale
gheny National and Fort Pitt National
banks several years ago. Mr.. Murray
was formerly a bank examiner.
w. S. Kuhn, president of the First
Second Bank, has not been in Pitts
burgh for several days, having been
called to the bedside Of his wife, who
is iii at Pride's Crossing. Mass.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
RECEIVERS NAMED
FOR FAILED BANK
Placed, Also, Over First National
of McKeesport and Other
Kuhn Institutions.

PlttSDurBn, July Tine flTSl-SeCOHu
National Bank of Pittsburgh, the First
National Bank Of McKeesport, neigh
boring city, the American Water
Works and Guarantee Company. and
the banking house Of j. S. & w. S.
Kuhn, Inc, of this city. were forced
into the hands of receivers to-day
through the failure of the first named
institution to open it's doors this morn
ing.
The closing Of the First-Second Ma
tional Bank was ordered by the Dep
uty Controller of the Currency, T. p.
Kane, after every effort had been made
TO meet the government requirements
as to the legal reserve.
The Kuhn banking house has ex-
tensive interests in irrigation projects
throughout the West and mines and
Western Pennsylvania, besides being a
dominant factor in the American
Water Works and Guarantee Com
pany.
w. S. Kuhn was president of the
First-Second National Bank, vice
president and director OF the banking
house. and vice-president and director
OF the American Water Works and
Guarantee Company. besides being a
director of the McKeesport bank.
j. S. Kuhn was a director of the
First-Second National Bank, president
and director Of the American Water
Works and Guarantee Company, presi-
dent and director Of the McKeesport
bank and chairman OF the board Of d.
rectors Of the banking house.
When It was learned that the banks
would have 10 suspend business steps
were taken to protect the American
Waterworks and Guarantee Company
and the Kuhns banking house, and
application was made in the federal
court this afternoon for receivers for
both institutions.
Throughout the day a statement OF
the banks and affected companies af-
fairs was awaited with feverlsh ankle
~, but none was forthcoming until to-
night when Mr.. Kane made a formal
No statement Of the con-
dition OF the bank was obtainable sub
sequent to the one issued on June 4,
on the last bank call Of the Controller.
Banks Last Statement.
The last statement OF the First
Second Banks condition. made on the
call Of the Controller on June 4, was
as follows
RESOURCES.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
WILSON NAMES PENFIELD
dominates Him for Ambassador
to Austria Hungary.

Washington, July President Wilson
sent TO the Senate to-day the nominal
ton of Frederic CORTLAND Penfield TO be
Ambassador to Austria Hungary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
LIABILITIES.

The report FOR the First National
Bank OF McKeesport showed Capital.
$500. 900; surplus and profits. $685.
Individual deposits. S3.444, 800; loans.
s., 90, 900; cash. SOL $50.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
MAY
=. FOLLOW FAILURES
Continued sssm FIRST page.

failure Of the Pittsburgh bank is simply
a sporadic case Of unsound banking,
and has no other significance"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-08
Banks Last Statement.

The last statement OF the First
Second Banks condition. made on the
call Of the Controller on June 4, was
as follows
BrrcnF-DrL-c