KITING CHEQUES, a method of obtaining credit for funds at a bank, or of keeping up a fictitious balance by means of the deposit of a cheque backed by no funds or by insufficient funds. For example, A and B, having accounts in different banks, may exchange cheques to any amount, and each deposit the other's cheque in his own bank, trusting that neither will be presented for payment at the bank upon which it is drawn until the next day, or, if in distant cities, until several days have elapsed, before which time each person expects to make a deposit at his own bank to cover the cheque. The same thing is sometimes accom plished by a single person who, having accounts in two banks, deposits in one bank a cheque drawn against the other, in which there are not sufficient funds to cover the cheque, expecting to make good before the cheque is presented for collection. Many banks prevent this practice by declining to credit any cheque de posit until the collection has been made. (J. H. B.)
KITTANNING, a borough of western Pennsylvania, U.S.A., on the east bank of the Allegheny river, at 85oft. elevation, 50m. N.E. of Pittsburgh; the county seat of Armstrong county. It is on Federal highway 422, and is served by the Pennsylvania and the Pittsburgh and Shawmut railways. In 1910 the population was 4,311; in 1920, 7,153 (94% native white) ; in 1930, 7,808 by the Federal census of that year. River and wooded hills provide a beautiful setting. The region is rich in coal, gas, lime stone, sandstone and clay, and an ample supply of electric power is available. The borough has important manufactures of pottery, brick, tile, oil and gas-well supplies and machinery. The assessed valuation of property in 1927 was $10,298,000. Kittanning took its name from the Kittanning Indian path across the State from east to west. A trading post was established here at an early date, and settlement began in 1795.