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"
Overture in D minor (Handel, arr. Elgar) first performance. Elgar's friend W. H. Reed wrote of Elgar's enthusiasm for Handel: '...he would speak of Handel with tears in his eyes... would rub his hands gleefully and look up to heaven at the thought of Handel's genius'. Elgar wrote to John E. West, music editor at Novello & Co., that he had known the overture since he was a little boy and always wanted it to be heard in a large form. Elgar's arrangement followed two orchestrations of works by another composer he admired: he transcribed J. S. Bach's "Fugue in C minor" in 1921 and the "Fantasia