The Montgomery advertiser., 1905-07-03

There is just one thing more he needs, and that Is the confidence of the finan- cial world of the public. There can no more be a flnancier of the first rank than there can be public man of the first rank. If he lacks the confidence of the country. In the one case 1t does rot matter how rich man may be. just as in the other case it does not matter how exalted the office he occupies. Pub lie faith must be the breath of his life
 In other words, MT. Ryan must ,ha auaenS,. make a a success of just as Paul Morton is on trial. He is under suspicion. more or less ma licious and envious. and there is only one way to emerge with satisfaction and profit. and that Is to confoupd his critics by showing how false were maIl m their prophesies of evil. Hence when sauarely behind him in the effort to rehabilitate Equitable and give it an honest and effective administration 1 believe him.
 Why did Mir. Ryan buy a controll- ing interest in the Equitable, and what does he intend doing with it?" were the questions l put 10 one of Mir. Ryans business associates and per- sonal intimates.
 You have yourself already given the answer in part" was the reply MT. Ryan is an ambitious man. He aspire to be the transportation chief of greater New York. He wants to be first-class figure in the financial world He wants prestige and power. There is no limit to his inclinations in those directions But there are other reasons. Mir. Ryan is now in- volved in a large number of enter prises, His interests are larger than most people are aware of. He feared that If this Equitable scandal ran on much longer there would come the danger of a panic. Other insurance companies might become involved in a similar way. Something else might happen, and then the very devil would be ito pay. It was necessary for soma one. for some strong hand to get hold of the disturbing influence and re- organize and regulate 1t and remove it as menace. Again, there was. in MT. Ryan's opinion, the danger that one of his rivals. like August Bel mont, might secure that control So MT. Ryan determined to take it for himself. I know MT. Ryan thorough ly He is sincerely anxious to estab- fish his reputation on the highest pos- sible plans He will do all in his pow CT to make the Equitable what it should be-"
 So much in broad and generous view of the motives of men. AS a rule the compeers of Messrs. Ryan and Morton in Wall Street are not generous. They snrug their shoulders a, the talk of naturalization on the Ryan initiative. They smile at the suggestion that con- trol was bought to stave off a possi- ble panic. They sheer at the trustee- ship arranged, as they put .t. with so much snug self satisfaction. and they wish ex-President Cleveland were safe ly out of the business without any stain on his name They say noth- ing i'll of MT. Cleveland. save that he is too old and not by any means alert and smart enough to go against this sort of game.
 Of the second trustee. MT. Westin- house, nothing i'll Is said, either. Wall Street simply suggests in its pe- culiar way that MT. Ryan is the heav- fest purchaser of electrical equip ments in this country. Nor is any thing i'll said of Judge O'Brien, the third trustee. It is merely pointed out that the Is a brother-in-law of John D. Crimmins. one of Ryan's partners
 Wall Street Is always incredulous and suspicious. And its favorite the ory is that in Equitable Ryan has bought a gold brick which he will now proceed to unload as profitably as he can. In my opinion. Wall Streets half