Legislation Quick Search
10/20/2019 01:44 AM
Pennsylvania State Senate
https://www.legis.state.pa.us/cfdocs/legis/BiosHistory/MemBio.cfm?ID=4848&body=S

Arthur Kennedy


 

Sessions

Session Position District Party
1895-1896 42 Republican
1897-1898 42 Republican
 Counties   Allegheny

Biography

1856 - 1935

Born on June 4, 1856, Allegheny City, Arthur Kennedy was the son of James William and Sarah (Knox) Kennedy.  He was educated in common schools, private academies, read law and was admitted to the bar in March 1884.  He served on Common Council, Allegheny City 1885; Select Council as its president in 1893; and was elected to the state Senate in 1894, one term. Kennedy’s career hit a dead end from 1899-1914, as he became mired in three successive financial scandals: the Peoples Bank, Kembel affair in cahoots with the Quays; the appeal of the Washington & Cannonsburg Railway Co. v. Murray (Receiver: Cosmopolitan National Bank) scandal, and the Enterprise National Bank v. Santa Fe Central Railway.  Kennedy was the primary business manager for the defendant in the first and third case and the plaintiff in the second case (appeal).  Former state Senator and New Mexico territorial Governor William Bull Andrews was a partner of Kennedy’s in all cases.  During the Enterprise National Bank affair, T. Lee Clarke, the bank’s cashier, who unwittingly sold Kennedy loans without suitable collateral, committed suicide. Kennedy and others of the Pennsylvania Development Co. built the railroad, speculating that once finished it could be sold to the Santa Fe line.  Unfortunately, Santa Fe did not want the business, and much of Kennedy’s fortunes were hedged against that bet.
Sometime after 1910, Kennedy moved to Mineola, Long Island, NY, where he stayed until the end of his life, but for occasional visits to St. Petersburg, Florida, where he died on March 19, 1935; interred at Hempstead, New York.  He married Anne Lestenberger. 

New York Times, April 14, 1899; Jan 27, 1905; October 19, 1905; Oct. 20, 1905; Nov. 5, 1905; Records of the US Circuit Court of Appeals, Third Circuit, January 23, 1914, No. 1773; Receivership of New Mexico Central Railroad Co.; Department of Interior, General Land Office, May 1906; also Death Records, Pinellas County, FL, 1935; Rodearmel, 1895.