The Proms organ. This coincided with the adoption of this lower pitch by other leading orchestras and concert series. Although the concerts gained a popular following and reputation, Newman went bankrupt in 1902, and the banker Edgar Speyer took over the expense of funding them. Wood received a knighthood in 1911. In 1914 anti-German feeling led Speyer to surrender his role, and music publishers Chappell & Co. took control of the concerts. Although Newman remained involved in artistic planning, it was Wood's name which became most closely associated with the Proms. As conductor from the first concert (which opened with Wagner's "Rienzi"
Music of the United States famously William Henry Fry and George Frederick Bristow, supported the idea of an American classical style, though their works were very European in orientation. It was John Knowles Paine, however, who became the first American composer to be accepted in Europe. Paine's example inspired the composers of the "Second New England School", which included such figures as Amy Beach, Edward MacDowell, and Horatio Parker. Louis Moreau Gottschalk is perhaps the best-remembered American composer of the 19th century, said by music historian Richard Crawford to be known for "bringing indigenous or folk, themes and rhythms into music for the concert hall".