The Birmingham age-herald., 1913-07-08

pointed J. X DUFF. who is treasurer of
the company.
Bonds Of $4,000 were ordered fled
tor each receiver
Notice Posted
The First National bank Of MeKees-
port. an allied institution of the First
Second National bank of Pittsburg,
posted the following notice:
On account of the Ffrst-Seeond Ma
tionai bank of Pittshurg asking for a
receiver, ii Is thought best for all of
our depositers to close this bank for
the present.
The notice was unsigned
Ihe last statement made upon call
of the comptroller as of the close of bus-
ness June 2 shows:
Resources. loans and discounts, sI5,7o4-
901 .1e.
overdrafts. secured and unsecured. So
57176
United States bonds to secure circula-
ton. s1.99O,o0o
United States bonds to secure United
States deposits s171,oe0
United States bonds on hand, $1,000.
Premiums on United States bonds, $40,-
! 121.26
Bonds. securities, etc. ss,549. .2ss. .s5
Banking house, furniture and fixture,
/ $1e0,765.40
Other real estate undeseribed owned.
| 81, ,541, ,977 65.
Due from national banks unresereed
agents, SllS9Sl.O6.
Due from state banks and bankers,
81 Sig, 500 90
Due from approved reserve agents. s4.-
| 216, ,447.75.
| Checks and other cash items, sis0,067 .23.
| Exchanges for clearing house, s692, 230.-
/ Notac - ..+t.or ,,a+;oool ta,,l.. coca ono
| Fractional paper currency nickes and
copperes, s1s,2S7ss
Lawful money reserve in bank viz
| specia and legal note, s1,1S1,02s
| Redemption fund with United States
treasury, per cent of circulation, $685.
| 600.
! Due from United States treasurer other
than per cent redemption fund, $751;
| 800.
Total sSS1os, $685.
Liabilities:
| Capital stock paid in. 100000
/ Surplus fund. sl,7Oooo9: undivided prof
its less expense with taxes paid. $780,
| 06S. AS.
National bank notes outstanding. 81. $50, :
| 900.
Due to other national banks, $685.
| S71,S2.
| Due to state banks and bankers, 81, 49,
f11S.1.
| pue 70 trust companies and savings
/ banks. $S712, 21031
I Due to approved reserve agents, s252.
535.41.
1 Dividends unpaid, 81, $50.
Individual deposits subject to check,
| SIS, ,105, IA. 80.
| Demand certificates of deposit, s3S5596-05.
! Time certificates of deposit, $1e.Oa0.5O
| Certified checks. s472S6910
| Cashiers checks outstanding. S76,2lS.30.
! United States deDOSits. X14Q 214
I Postal savings deposits, $40, 1885,
| Total SIS, 103, ,SS6.39
| Failures of the banks caused excitement
| In the downtown districts. The notices
We're posted on the doors of the First
| Second National banks as follows:
| Payment on maturities will be re-
ceived, G.. c. Murry, Receiver"
Run Started
| As word of the suspension of the First
Second National bank became generally
known, depositors of the Pittsburg Bank
| for Savings, a few blocks away. started
run OH the bank. J. s. Kuhn is presi-
/ dent of the institution. Several thousand
persons congregated about the First-Sec-
ond National bank during the run.
! j. S. and w s. Kuhn. Incorporated and
known as the Kuhn interests, have home
| office In Delaware with capital stock of
100000, and James Kuhn is chairman Of
| the board of directors.
| His brother W. s. Kuhn. is vice presi-
dent. James S. Kuhn is also president
of the American Waterworks and Guar
antee corporation, with>a capital of $780,
100000 and W. S. Kuhn is vice president
Of this company
Interests in Irrigation
| The Kuhn interests bave centered large
| ly of late in irrigation projects in the
west They also control the West Penn
| SV1 mis- Trn ri an a npvUa
pany, combination of trolley line in
| terests in Western Pennsylvania and the
| operations of a group of bituminous mines
in Pennsylvania, especially the United
Coal company of which w. S. Kuhn is
president and director. Other interests
of w. S. Kuhn are Colonial Trust COM
pany of this city; Commercial National
Bank and Commonwealth Trust company
of this city in all of which he is a di-
rector vice president and director of the
First National bank of Allegheny, direc-
tor in the First National bank of McKees-
port; vice president and director of the
Pittsburg Bank for Savings; president and
director of the I<ittaning and Leeching
Railway companies; president and direc-
tor of the Sacramento Valley Irrigation
company; president and director of the
Twin Falls North Side Land and Water
company.
James $. Kuhn is president and director
tee company; president and director OF
the First National hank of Allegheny,
president and director of the First
National bany of McKeesport; di-
rector in the Colonial Trust
company and Freehold bank of this city;
director IN Kuhn, Fisher & Co. incor-
porated, Boston; president and director of
the Pittsburg Bank for Savings; director
of the Security-1nvestment company, and
Twin Falls North Side Land and Water
company; vice president and director of
the United Coal company and West Penn
sylvania Traction company, also of West
Pennsylvania Traction and Waterpower
company, and director In the Westing-
house Electric and Manufacturing com-
pany.
The First-Second National bank of
Pittsburg had large number of corre-
spondents in New York. and other eastern
cities and in London, Paris and Berlin.