New-York tribune., 1907-10-17
WANT TO GUST RYAN
BELMONT GATHERS AIDS.
Val Street Hears Financier Mag
Yield Wifk0ut Fight


AS a result Of the disclosures before the Public
Service Commission the 15eTnont forces in the IN
tsr6orougk- gk-Metroooi:an Company, with what di-
rectorB minus the Ryan tinge they can win 10
sSe,r side. pIaE oust Ryan from that company
and break mis- power IN the traction field In this
sity The III feeling between Belmont and Ryan.
Sr.oridering for months Belmont realized how
Ryan had unIoaded surface lines practically bank
rupt onto the valuable elevated and subway prop
critics burst out in a blaze when the testimony Of
TIemuel z. Quigg 20 his various "scceleraton
schemes for the benefit Of Ryan was assGn'lated
The disclosures Of the $3.50 check ana that Ryan
vas one Of the Denefciaries from its proceeds
helped to complete the work.
NJ RYAN is not now director Of the Inter
bGrough-Ne etropoIitan. hut he is member OF the
voting trust with which Is deposited ali the Sro,-
4 0CO common stock of the company. Just what
steps viii be taken by the Belmont mon 70 drive
him out of the company IS still problem which
puzzles them sornewhat, although there was re
port In Wall Street yesterday that Mr. Ryan had
let IL be known that he would make 80 fight. This
IN spite OF the unexplained transactions which
Gsve piliorfed him peculiar to the Belmont
men. Ryan is known To them and everybody
else In Wall Street q grim and determined
fighter Yet they maintain that. with OF without
D fight. Mr. Ryans influence must he torn from
any strong hold the affairs of the company.
The members Of the voting trust of the INTERIOR
ouqSl- Metropolitan are August Belmont chairman
of toe board; Cornelius Vanderbilt. P. A. b. Wide
Ter. Walter G. OaKman and Thomas +. Ryan
Hitherto Mr.. Widener has oeen classsd as a Ryan
hard and fast. and Mr. Oaknlan as Belmont
mar. because of his business associations Cor
neliUs Vanderbilt as between the two. has been
ranked always the Belmont side. A report
widely circulated in the financial district yesterday
had it that Mr. Widener had switched TO the Bel
mont side and would war Ryan, both here and
in the Philadelphia traction field. Mr.. Oakman IN
the lineup voting trust made by this report
classed a Ryan man.
However that may be, the Ryan men do not con-
troll the stock of the ACKNOWLEDGEMENTS.
and IN the board Of that company the Belmont men
slightly dominant Railroad men predicted
that IN the end. if Ryan made a hard fight
the Belmont forces would succeed in their effort to
drive him out Of the company.
This fn itself would 80 far toward eliminating
Mr. Ryan as "A factor in the traction field in this
city, even II this activity the part Of the Bel
mont men did not presage EtiII further action
against him. AS the sentiment in that camp was
represented yesterday, il is distinct and vigorous
desire 10 get the taint OF Ryanism and Quiggery
of traction affairs Belmont himself, his friends
conceded was a capitalist" with the usual meth
DDS and attributes but they reckoued that Of the
two men Belmont stood higher in the publics est-
nation Then, it never must be forgotten that ne
end his associates control the profitable end OF the
waterlogged merger.
According 10 one Of the Belmont men if the pre-
lrninary activities against Ryan successful they
will followed by suits for the restitution of the
moneys which the investigation by the Public Ser
vice Commission has shown diverted Ey him
self and his associates apparently to their own
uses The campaign even mag be carried so far as
a dissolution of the merger-a result which the
lreoeivership for the New York City Railway Com
pany and the Metropolitan Street Railway Com
psny would render possible aud in some ciroum-
stances even desirable
At the hearing before the Public Service Commits
sion to-day the transactions Of the Metropolitan
curities Company will be taken up again. 1t is
known that Chairman Wilcox wants 10 have the
Brady s965O00 check affair proved far Will
sam NJ. Ivins can get any light it. Grant r.
schley, of Moore & schIey, the brokerage firm
which got S134O 600 of the proceeds of that check Is
expected to be the star witness of the session
day Mr.. sehley had not been subp9naed last
night, but it is believed that he will be present
without that formality.
Several other witnesses will be held in readiness
smong them D. c. Moorehead, secretary and treas
of the Metropolitan Street Railway Company;
i. n. Sayre secretary Of the Metropolitan Securi-
ties Company and Charles L. Ludlam, controller
o. the surface system The expectation is that
Mr.. WINS viii have completed the reconstruction"
of the missing hooks to such extent that he will
he able to put these witnesses through stiff cross
examination.
Il close friend of Grant &. Schley declared last
night that when the real explanation Of the s34 900
was made by Mr.. SchIey the stand il would
prove IInsensational.
This vas merely a banking transaction. as far
30 ever heard said this man. ''The money re-
Seived from Brady was for money advanced with
Sts accrued interest. Mr.. Schley knew nothing Of
fhe uses 60 which the money advanced by his firm
was pu+ bu: re has told me he believes it was not
sor Political contributions or any improper pur-
poses Moore x Schley acted simply as bankers
and h2o other bankers did inquire the uses to
-Th:ca tha borrower expected 10 devote the money"
Supbeeos servers were scurrying around the
Financial i'stri-. in the effort to serve Thomas F.
Jysr anE otH-r officers and directors of the Metro
So1''sE Securities Company with sunmonses in the
e-o suite for res;itution Of money brought nv
Dcrisl y. Burrows, of Chicago. Up to a late
kcUr ths lawyers for Burrows had not heard that
sny sf thc traction men had been served.