The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-03-26
RYAN P[ANS NEW
FINANCIAL COUP
In Face Of Enemies Creates Mar
ket for Rubber Hold
ings.
PUBLIC Y 9 TAKEN INTO SCHEME
Action Follows Failure to Make
Deal With Rubber
Trust. 3

New York, March 25.-The Evening
World prints the following:
Right under the noses OF the enc
/ mics, Thomas n. Ryan Is carrying out
a new financial coup, the unloading
upon the public OF his Congo rubber
5concession. Unable to sell it. along
with his Mexican rubber concessions
Ito the United States Rubber Company,
commonly called the RUNNER Trust Mr.
Ryan is engaged in Creating a
market" onJthe New York curb ma rlset
for his rubber holdings.
Cotncident with the letting of the
public into Mr.. Ryan's International,
Rubber Company-S3 100000 common
stock. sand $10.000,000 prefcrred-Alfred
Chester Beatty. one of the foremost
mining engineers IN the world. has
resigned as director OF the company,
| as we'll as one Of the three voting
trustees of the property. The other
\ .,s two trustees left are a lyin w. kreeh
and William c. sherwood. 81
i When seen by a reporter at his
home. / 6 East seventy-third Street,
Mr. Bea tty5 said:
1t is true that have resigned as
voting trustee of the Intercontinental,
for the reason. that expect during
the next few months, to be a great
deal IN London, where have Just
opened a new office. The duties OF
voting trustee are such as to reauire
his presence here in New York. so II
have had to step out at the present
time. am most interested In Siberian
mining projects"
Concessions Granted Ryan.
5S Mr.. Beatty had charge Of the nego-
tiati9ns with the kingQo OF Belgium
in a royal decree granting two con-
cesstons to Mr.. Ryan and his Am nlertcanl
associates: which concessions later
saw saw daylight In two promotions. the
ing Company and the American Congoi|
Company. the latter being merely theiI
right to harvest rubber and other vege-
table products over 2,5oo.00o lscres.
with a Sten-yeart option on an additionalil
100000 acres. q
Al. of the capital stock OF the Aneri-
can Congo Company Is In the Inter-
continental Rubber Company. togetherl
Continental Rubber Company.
Mr.: Beatty was asked to-day II there
had been any substantial developmentI |
by the Extraordinarily of the Congo
fields since the concession four years
ago. I
down there, he said. s "our Susn peop1e agae
have been marking time principaily.
S. Some me rubber has been planted, but not
In z so7 Mr.. Ryan ind his associates
$4,000 600 company with the rubber
trust, The concluston s Of these nego-
May 1907: While for sixty days
friendly interests have been actively.|
engaged in trying to bring the two
companies together, believing that
of both companies, a lit !
would give the United States com
pany the control of large supplies Of
cheap raw rnbhers. it was definitely
decided last Friday to bandor1 al eft [
forts al consolidation"
V. The Congo International Lumber and
Mining Company Is "a separate promo
ton from the Anne ricans Congo Com
pany. The treasury OF the forna r COM
the Congo for SIX ears south OF tho
Equa tor and twelve years north OF the
Equator. with& the riEh to work for
years twenty ofAthe thirty
mines there. besides the timber rights
for some ,000 acres OF land.
Offerings Represent Ono Company. T
!, Many of the tlmld public, who have
been nswatching tho movements of Inter +
week, were at first of the opinion that +
all of Mr.. Ryan's Congo concessions
were represented In tho new ofrerings u
Dnsthe curb. Such is not the case. Only 4
the rubber concession went into tho +
company. #
81 Shortly before eIntercontlnental Rub
ser made ! It's ppearanc 20 upon he curb 4
Thomas F. & Ryan was downtown at bus
ness almost daily. conducting all tho
preliminary arrangements necessary to
.he floating Of the promotions. He
out his son, Allan, and Paul Morton 4
upon the hoard OF directors, 5anG from 4
lis desk in the old Morton Trust Com
oany saw the whole transaction safely
aunched. Z,