| Show OTTO lOTTO H. H KAHN BANKER ART I If f PATRON P DIES OIES d. d Lw iY S of Death In in- inN N Y V. Office Office Of Of- fice Withheld Until Market Closes VICTIM OF HEART ATTACK s as Financier Eats Luncheon I Br Associated Press W YORK March 29 Otto 29 Otto H. H K Kahn international inter banker and patron pa iron tron In of the arts r died unexpectedly of r heart earr disease ase ase at t p. p m. m today in 1 his private office on the third floor of 1 I Kuhn K hn Loeb Co in which he was w s r a partner r. r c Death came as Mr Kahn was seated In a chair having his luncheon With With- I c tut hc t warning he pitched forward dead The banking b n ing offices off c withheld in in- information formation of cit his death until after the Jn rk t closed t Dr Or H. H T. T Hyman Kahns Kahn's physician F reported to the city medical exam exam- f 1 that Iner the cause of ot death was cardiac cardiac car diac thrombosis J Dr i Charles R. R Norris chief medical examiner examiner ner cut short a a ale lecture ture he was giving iving at at- atthe the police academy on the medical aspects of crime when informed in formed ormed o of Mr Kahns Kahn's Kahn's Kahns death de th tAa A As soon as aA possible he went to the banking house at street 52 William to view the body and sanction removal Long identified with the Metropolitan tan Opera company Kahn resigned as president and chairman of the board boardm in m November November- 1931 although remaining remain I ing big on the board I Indications that he was not In n the best st t pt pf health were ei eig g given ven at t this tune time and st since ce then he hc had often been ill U n resigning his leadership of th the Metropolitan n he announced he be I Ia also a o was withdrawing from many of ot ofis otis kils is other outside activities because beuse be be- cause a use oe of ot greater greater- business Continued on Pate Past Two t J I STRICKEN r- r otto II 11 Kahn I OTTO dire H. H KAHN I t s DIES IN OFFICE OACE OFFICEs H Ha Heart a attack Attack Fatal News New Secret Until r Kept Market Closes 1 Co Continued from pare Page One tf tie lies since the death of his close associate asso date Mortimer L. L Suffering from ill health he and Mrs Mis Kahn went to the Riviera in th the winter of 1933 and the famous banker banke was ill when he landed in New York on en his return He Ite returned to Europe again In July 1933 in the hope of regaining his strength to return in September apparently ap ap- ap- ap patently well Mr Kahn was 67 years old Shortly after 3 o'clock Mr Kahns Kahn's banking house L Issued this statement Otto H IL Kahn of Kuhn Loeb Co died su suddenly d y today tody of Qt a heart attack attack attack at at- tack while at lunch in his office 7 Br y United Pr Press I I Promising Chap Clap Otto ito Herrman n Kahn might well welt be called the theman ulan man who made Wall WallI I ati U et t art conscious His JIls personality wa of a strange strange estrange nd trang a at least to Wall It at treet's m mey masters who could not understand hoW howa a man with Kahns Kahn's lor genius for b business could find lind time to the thc arts A lilt promising promising- chap chap- if if- he only will that art nonsense said the theelder theelder theelder elder Stillman of Kahn back in the late But Kahn never ever forgot Business and aDd aestheticism were wed fused in his personality by heritage His His' fathers father's home e In fn Mannheim Germany where Kahn Kb was born on February 21 1867 7 w was ws the center of the art rt life life of the I town One of his of-his his brothers be became ame a musician In Father a a. Banker rhe he e elder cider Kahn Bernhard was a at t tanker banker riker who beca became n a n naturalized Americ American n citizen after fled he-fled to the United States following the following th the Baden revolution of 1848 in which he parti participated par par- ti and was condemned to die B Kahn Kahi returned to G Germany after an amnesty was was declared re remained reo th there re and married Emma Eberstadt cultured daughter of a family amily Otto Kahn was one of eight children chil chi I- I dren and nd his father chose him to follow follow fol tole low In bis footsteps Accordingly at 17 17 after he had completed his at the Classical high school young Kahn was sent to a banking house at Karlsruhe There he learned th the rudiments of banking such as cleaning out inkwells and bringing in sausages and beer for the senior cl clerks In later life he be remarked that his Karlsruhe clerkship provided a use use- tol fal and salutary training for or it taught discipline thoroughness and order and the doing of any Job however modest dest to the best of ones one's ability i Advanced Rapidly During his three years at Karlsruhe te be advanced e rapidly rapIdly- but never allowed allowed al al- lowed business to smother his his' other ideals He learned to play several stringed instruments and attended the toe opera and lectures on painting Then came the call caU to military duty and andlor andor for lor or a year he be served in a regiment of Hussars This perhaps accounted for lor his characteristic precise stride and his erect posture After a brief service in a Berlin bank he w was sent ent to London where lor live years he held various responsible responsible responsible sible positions in the Deutsche banks bank's branch branch of f which he finally became Vice ice manager Thirty-nine Thirty years ago he came to lo America on a business trip and within within with with- in three years after his arrival he married Addle Addie Wolff daughter of Abraham Wolff who had been a member of Kuhn Loeb Co A year later he joined his lather lather-In laws father laws law's ba banking firm as a partner Met aId Harriman About this time tune Kahn met Edward EdwardH H JL Harriman and became his closest associate and coworker in railroad financial transactions of the greatest magnitude He took a leading part in inthe inthe inthe the reorganization of the Missouri Pacific Pa Pa- cute the Union Pacific Baltimore Ohio Chicago Eastern Illinois Wabash Wabash Wa Wa- bash Texas Pacific and Denver Ri Rio Grande railroads Kahn soon came to be known as an Authority auth rity on practical economics taxation taxation taxation taxa taxa- tion and international maI affairs The late Th Theodore odore Roosevelt said aid in 1918 he lie knew of no sounder economic thinker in this country nowadays than Otto Kahn Under his guidance Kuhn Loeb Co grew to be one of the largest pr prate private ate vate banking houses in the world He was Wasa a director of at the Equitable Trust company of New York Los Log Angeles lc Salt lt Lake Railroad company and chairman of the finance and currency committee of the chamber of commerce com corn merce of New York He was a trustee trus tee of the M Massachusetts Institute of Technology Rutgers college and Carnegie Car Car- negie Institute of Technology C Connected With Art For or the past several decades there were lew important art undertakings 4 with which his name was not connected connect connect- ed Besides he was lavish in aiding f financially Individuals studying or practicing ing art In its manifold forms rI It w was his belief that fostering the I nations nation's art life helped relieve the II monotony and stress of the peoples people's L day very existence And it was this ki j b belief which guided him in his attempt L M I to secure lecure a new and larger home for tor forI I th the Metropolitan M Opera house with more and cheaper seats seat so o that the i p poor or man might have an opportunity I to enjoy enJo good music But the Metropolitan Metro- Metro 1 politan directorate objected to parti part part- i fag Ing with i its old traditions and Kahns Kahn's resignation as president followed Kahn is survived by four children Emily Y M Maud ud who in 1920 w was mar mar- 1 to Major Jor J. J C. C Oakes Marriott of th the Stol Scots Scot's cot s guar guards Margaret Dorothy Gilbert Wolff a and Roger dRoger Wolff Wolf Kahn |
