Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-11-20

ed by sever;ng my official connection with
the railroad and industrial corporations
with which they necessarily have constant
business relations l hope and believe that
the decision which l have made will prove
to the advantage of all the interests for
which my friends hold me responsible and
OF the gentlemen with whom l have 80
long been associated in the various corpora
lions from whose boards l have resigned"
Associates Approve.
In addition this statement was made last
night by a representative of Mr.. Ryan:
''Mr. Ryan, besides his own vast property
interests scattered all over the world. is
closely associated with financial and fiduci-
airy institutions owning hundreds of mil
ing to thousands of people. Mr.. Ryan deep
iy appreciates this responsibility and has
therefore determined, after. careful DELHI
grafton, to sever his Official relations with
the various corporations with which these
institutions are likely to have business
dealings. Mr.. Ryans determination has the
full approval of his business associates"
,,a Mr. hyans announcement iva was mad. made late
ceased doing business for the day. 1t
caused a great deal of surprise when it be-
came known. Mr.. Ryan returned from a
long trip abroad about three weeks ago.
Some Of the Enterprises.
While Mr.. Ryan would not give the names
of the corporations from whose boards he
had resigned, 1t Is the understanding that
they include practically all railroad and
Industrial corporations of which he has
been director. They are the following:
American Tobacco Company, Bethlehem
Steel Corporation. Central Crosstown Rail-
road Company, Consolidated Gas Company
of New York, Consolidated Gas, Electric
Light and Power Company, the Cuba Com
pany, East River Gas Company. Electric
Storage Battery Company, Fulton Street
railroad. Havana Tobacco Company
Hooking Valley railroad. International
Cigar Machinery Company. Metropolitan
Securities Company, New York Carbide
and Acetylene Company, New York City
Railway Company, Pine Products Com
pany. Seaboard Air Line railway Thirty
fourth Street Crosstown railroad, United
Bleaching and Finishing Company, United
Elevated of Chicago, United Lead Com
pany and the Universal Accountant Ma
chine Company.
The financial and fiduckary institutions
Of which Mr.. Ryan is a director and which
according to his statement he intends to
continue to serve In such a capacity, in
clude the Morton Trust Company, Of which
he is first vice president; the National Bank
of Commerce. of which he is vice president
and director: the Newport Trust Company.
Union Exchange Bank and the Washington
Life Insurance Company.
Henry D. Macedonia. who has been associ-
ated for. years with Mr.. Ryan, said last
night that Mr.. Ryan's statement contained
all that was to be said on the subject He
declined to furnish an exact list of the
companies from which Mr.. Ryan had re-
signed as a director.
Mr.. Ryan, 1t is understood, still retains
his holdings in the various concerns from
whose directorates he now withdraws such
as the Consolidated Gas Company, the Sea-
board Air Line and the American Tobacco
Company, in which he has very large In
terests.