Daily press. [volume] (Newport News, Va.) 1896-current, 1908-04-23
RYAN EXPLAINS BIG DEAL
Half a Million Was Used 10 Beat
Bryan u Convention.
MANHATTAN RICH GLOVER PATCH"
Anthony Brady Tried to "sut, in" New
York Transit Business Win His
Wall Street paper Road--pol,cal
Parties Always Receptive"

the special county grand jury which
TO base an Indictment against any
official of The Metropolitan stree.
Railway Company he made detailed
explanation of what he knew of the
purchase of the Wall and Cortland,
street ferries franchise by the he.
ropolitan Securities Company AMI
why William c. Whitney got $4,000
from the company for political cam
paign purposes. MIR. Ryan's explana-
ton of the use OF the 100000 was
that there was chance IN 1899 OF
William ]. Bryan being defeated for
the Democratic nomination In 1906,
while McKlnley's nomination was a
foregone conclusion. and he "smppos-
ed" the money went for that pur-
pose.
II Is evident from his testimony
that Mr.. Ryan did not approve OF
Anthony N. Brady acquiring the wall
and Cortlandt streets franchise. He
thought Mr.. Brady ought to remain
In Brooklyn and the Bronx. where
he had control of the traction sitna.
ton, but 'it was pretty fertile clov-
er patch" In Manhattan, and IL was
pretty hard for Mr.. Brady to keen
oil. MIR. Bryan's testimony also
shows why $4,000 was paid to Lem
uel Il. Quigg. called the Metropoll.
tan's "accelcrator,' when he believed
James X. Keene was making bear
raid on The stock OF the Metropolitan
Securities Company. Mr.. Ryan testi.
fed that Quigg's investigation CON
WINGED him that Keene was not back
OF the raid
Hard TO Keel, Brady Out.
Concerning the Wall and Cortland
streets ferries deal, Mir. Ryan sad
Mr.. Brady had bought the road from
those who had bought 1t in at fore.
closure. ut was pretty hard" lie
said. ITO keep man who owned the
street railways OF Brooklyn and me
street railways of the Bronx out OF
New York"
Mir. Ryan complained about Mr..
Brady "butting in" and Mr.. Brady
| replied:
Now. If you feel so bad about THIS.
You had better take some responsl-
bilty"
MIR. Ryan said he would take half
of it, and he thought he and Mr. Bra
dy made a joint note, because he
went TO the Central Trust Company
and put his name on the back of 4
note. Every time after that. Mr.. Ry-
an said, Mr.. Brady kept telling him
what he could sell the road for or
remarking on the money they we're
losing by not building. Finally, Mr..
Brady came to Mr.. Ryan and told him
he ought to let him sell it. Mr. Ryan
said he would talk TO him later
! Finally he stopped talking to INC
about it, said MIR. Ryan, "and then
he must have taken 1t up with Mr.
| Whitney,
Then Mr.. Ryan went TO California
and to Virginia. When he got back
he was told that Sill 900 had beer
received for him from Mr. Brady.
They had been dealing in all sorta
4 of things, and at times he was send
ing him profits and losses. But NJ
began to inquire about this check. Mi
Cravath told him that it was repay
ment for 100000 he had advances:
to Mr.. Whitney in 1899 or 1900. for
Expenditures that had been made for
the Metropolitan. Mr.. Ryan knew
| that at the same time Messrs. DoiaG,
4 Widener. IIlkins and Whitney had
each put up 100000 for the same
| purpose"
1 Had to Carry the Company.
< One Of the Jurors asked:
! why should Mr.. Ryan he asked 10
advance personally 100000 for the
expenses OF the traction company?
Il can only say" replied Mr.. Ryan.
that we were responsible for the
Metropolitan Street Railway Com
pany. Gle named his four asso-
! ciates.) We had the corporation on
our backs. We had to carry 1t. When
ever they wanted money they gencT-
ally came to me-"
Mr.. Ryan said that the 100000 was
paid in the fall of 1899 or in 1909.
and he supposed 1t was for political
campaign funds
ut was 10 be Il political con;ribi.
tion for the Metropolitan in the sec
ond Bryan campaign" said Mr..
Jerome.
well. that was the year of the
campaign" said MIR. Ryan. "bnt il you
3! will notice the check was dated In
January or February. 1900. so that
1 1t may not have been for the cleo
tion of 1900.
\, Tried to Beat Bryan.
4 What was going to say was this:
During the fall or winter of 1893