The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-05-29
GOING FOR STEVE RYAN.
CREDIToRS STILL PILING UP
CHARGES OF FRAUD.

Hathaway, soule and Harrington Ac-
euse the Firm of Selling Goods Below
COSTA Charge That the Whole
Ryan Family Is in a Conspiracy to
Dsfraud the Creditors.
ATLANTA, GA, May 2S-Several new
bills were fled ia the matter Of the Ryan
failure to-day, and fraud is now freely
alleged. The bill of Hathaway. Soule q
Harrington contains some interesting state
ments. The firm prays that John Ryan,
John F. Ryan, H. B. Claflin & Co., Walter
r. Brown and A H. Cox be made parties
defendant The petition AYERS that Stephen
A Ryan is indebted to them in the sum Of
$1,000; that for some time past he had been
buying large consignments of goods and
selling them below cost; that his cash col
lections amounted to 5000 and $1,000
day; that he sold silks worth 50 so a yard
Cor so cents. shoes worth 81 so for 81 so,
hats worth 81 for so cents, and clothes
worth $50 suit for 81 so suit.
IMMENSE CoNsIGNMENTs-
The petitioners further allege that Mr..
Ryan received large consignments OF goods
up to the day of his failure. and on that
y
authorities OF the Central road, a carload
or merchandise was delivered him. So i'm
mense, indeed. were the shipments of goods
for Mr.. Ryan for the past few months that
the railroads we're glad to deliver them
first, because they occupied 50 muCh ware
house room that a blockade of general busi-
ness was threatened. The petition asks
that the deed made to John F. Ryan by
Stephen A. Ryan of half interest in the
store building on Whitehall street De set
aside. 1t states that the building is worth
$3.50, 900, and half interest worth $685.
600; that Stephen A. Ryan was said 70 have
bought out the part of John F. Ryan in the
business, but that John and John T. Ryan
held the same relations toward il now as
before.
ALL IN THE DEAL.
It further AYERS that all the time that
these goods were being sold below cost John
and John F. Ryan were cognizant of the
fact, and were aiding Stephen A. Ryan in
obtaining credit through their Endorsements
and otherwise from the creditors; that said
acts were a fraud upon the petitioners and
other creditors, and that John and John F.
Ryan held q mortgage of s117,000 on the
stock, and were aiding Stephen A. Ryan to
sell below cost The petition AYERS that DIR.
Ryan has been insolvent for some time, and
that, therefore, the purchase Of goods by
him was fraud and the title 70 them mas
never passed, that he had no intention of
paying for said goods at the time Of pur-
chase, and that John and John F. Ryan
were aware of this fact
ANOTHER CHARGE.
IL further charges that it appears to be
Mr. Ryan's intention to force the entire
stock upon the market that his father or
brother may bid it in and begin business,
and that John F. Ryan has stated that the
business would be reopened in q few lays.
II. and w. s. Feschliner & Sons have
also filed a bill alleging fraud. Ten other
creditors are interested therein to the
amount Of $4,000 in all This bill also
attacks the mortgages, which it claims are
void.
Hirsh, Elson & Co. of Cincinnati Ale a
bill TO cover a suit for 200 pairs Of panta-
looms.
WILL BE HEAVY LOSERS.
There is every indication that the jobbers
who extended Ryan credit will lose heavily.
At q creditors meeting held here to-day
nearly S400, 900 worth of unsecured claims
are said TO have been represented. 1t is
generally understood that the early mort
cages TO Claflin and the Ryans cover every
stick of property s. A. Ryan owns.