Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1907-09-14
THINK RYAN HEADS
TYPEWRITER TRUST
NEW ROYAL COMPANY MAY ABB.
soRB REMINGTON
Schwab, Guggenheim and Other Prom
lnent Capitalists Representing
Many Millions Are Inter-
ested In Concern

NEW YORK, Sept. 13.-Rumors have
been heard for some time that group
of American capitalists. with Thomas
F. Ryan at their head, were forming a
large company to acquire all the larg-
est typewriter interests in the country
and to obtain control of the business
all over the world.
1t was stated that among the heav-
| lest stockholders were Mr.. Ryan and
| his son Allan A. Ryan, the Guggen-
helms, Charles NJ. Schwab, Harry Payne
| Whitney, John B. Mcdonald and others
whose combined holdings were suffi-
cient to effect an absolute monopoly
of the typewriter business.
| While 1t could not be established Of
flcially yesterday that the plans of
these capitalists contemplate the Inn
mediate acquisition of the largest con-
Germs. such as the Remington and
Smith Premier, 1t was learned that
very recently they formed large COM
pany, of which Allan A. Ryan, Thomas
r. Ryan's son, is president, and in
which the elder Ryan and the Guggen-
helms are large stockholders.
1t was learned that the Royal Type
w ?riter company is the nucleus of the
big enterprise and that plant, said to
be the largest of the kind in the world.
is now being erected in Hartford, Conn.
Several of the chief men of the Under
wood Typewriter company have been
employed by the Ryan concern and
two of them have been made directors
of the new companq.
Remingtons Deny 1t
Positive denial was made yesterday
by an official of the Remington COM
pany that he had any knowledge of
the new combination or that the Rem
ington had anything to do with 1t.
Under its recent organization the
Royal Typewriter company is composed
of the following officers: President,
Allan A. Ryan; vice president, e. B.
Hess, inventor of the Royal machine;
secretary, I. V. McGlone; treasurer.
Leon w. Mccall, son of John A. Mccall.
former president of the New York Life
Insurance company.
The directors are Allan A. Ryan.
Leon W. Mccall, I. " McGlone, e. B.
Hess A. J. Manning, ]. f. Neaher and
Philip T. Dodge of the Mergenthaler
Linotype company.
Mr.. Manning was formerly in charge
of the manufacturing end of the I'm
derwood company and Mr. Neaher had
charge of the company's sales depart
ment. Mr.. Manning is now chief of the
manufacturing branch of the new
company and Mr. Neaher has been
given control of the selling business
here and abroad.
In this country the Royal typewriter
is not widely known and it was stated
that no effort has been made to place
it on the market The present offices
of the company are in the Postal Tele-
graph building at Broadway and Muir
ray street and the factory is at Forty
sixth street and Second avenue, Brook
lyn. Branch offices it was said have
been opened in Chicago. Philadelphia.
Boston, st. Louis. Richmond. Cleveland.
Detroit and Minneapolis and 1t was
stated that large store would soon be
opened in Broadway
Those directly interested In the
financial end of the enterprise were ret
SCENT about the plans of the company.
particularly when the inquiry led tow
ard the purchase of other typewriter
interests A reporter was referred to
Mr.. Neaher for all information and he
was disinclined to reveal the real pur-
pose of the organization.
Hint of Big Trust
Mr.. Allan A. Ryan is president of
the company" he said. and there is
doubtless considerable money avail
able when the company's affairs shall
have developed to point where more
capital is needed Just at present be-
lieve the capital is about $1,000.000.
The company has been recently organ
lied to manufacture and sell the Royal
typewriter, and up to the present time
we have been giving most of our at
tention to the foreign trade The for
eign market for American typewriters
is something enormous and will con-
tinue to grow. In the matter of maxi
ing typewriters, Europeans are just
where we were twelve years ago, and
our great difficulty just now is to make
orr machines as fast as they are sold
abroad We have just closed con-
tract for 5000 machines in England, |