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Show BANK IN HANDS OFJILOEIVERS Flnt Second National Cloied by Or. der of Comptroller of Currency On Account of Impaired Reserves Pittsburg, July 7. The First-Second National bank ot Pittsburg, the First National bank of McKeesport, a neighboring city, tbo American Wa terworks and Guarantee company and the bajnklng bouse of J. S, and W. S. Kuhn,--incorporated, of this city, wero forced Into the hands of receivers receiv-ers today, through the failure ot the first named Institution to open its doors this morning. ( The closing ot the First Becond National bank wofj ordered by tne deputy comptroller ot the currency, T. P. Kane, alter every effort had been made to meet the government requirements as to the legal reserve. The Kuhn banking house tins extensive ex-tensive Interests In Irrigation projects throughout the west and mines hnd street traction systems through western wes-tern Pennsylvania besides being a dominant factor In the American Waterworks Wa-terworks and Ouaranteo company. Bojh Dominant Factors W. S. Kuhn was presldont ot the First Second National bank, vice president and director In the bonking house, and vice presldont and director direc-tor ot the American Waterworks and Ouaranteo company, besides being a director of tho McKeesport bank. i J. S. Kuhn was a director of the First Second National bank .president (and director ot tho American Waterworks Water-works and Ouaranteo company, pres ident and director ot tho McKeesport j bank and chairman of tho board ot directors ot tho banking houso. When It was learned that tho banks would have to suspend business stops were taken to protect tho American Waterworks and Ouaranteo company and the Kuhns banking houso and application was made In tho federal court this afternoon for receivers for both Institutions CANADA EXCURSION 'jH JH August &th ,,,1 , f!iiH rj, wih. JH Via Oregon Short lino. Very low ! JH rates to Lethbrldgo, Stirling, nay- ' jH mond, Magrath and Cardston, wltn iH limit ot September 20. Tickets will H bo sold for train No. 3 leaving Soflt ''jH Lake 1:45 p. m. August 6, or for inH trains connecting thorowlth. See O. t'H S. L. agents east of Shoshono and ' 'iH nuhl and west of Montpeller Indus- . 'H Ive for rates. and further particulars. ,H Advertisement. n '4H fi.kHH |