Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-16
THOMAS F. RYAN OWES
STATE s159,575 TAXES
compromise Report Is Filed by Ex.
amincr Of Records Il. Ii.
DrunimOnd
BIG RETURN ON INVESTMENTS
According to Report OF Stocks and
honds and Admitted Income, Mr..
Ryan Must Draw 33 Ia PEI, Cent
in Profits.

1
state Sl3?.5i5 taxes on omit,oL ,S.osso
s.en's from 1904 to 1914. inclusive and
fH''""o income tax. omitted ,jrrinc. tho
period OF eleven years. according
10 inc report Of Il. II. Dru,nmond on
"",ihcr OF records for the judicial Dir
cunt which Includes Nelson County Tho
nome OF Mr.. Ryan. In addition AIR
Ryan Is reported to owe the county ri
Neisom $33?.Si5. the amount of county
and district lcvics on omitted assnss
mcnts since 1904.
While the amount Mr.. RYAN owes tho
state is S2i5.O2J-thc largest ind;viLl
uai delinquency rcportcd--thc total
round 10 bc due by Examiner Drum
inond is approximately onr-cjghth or
the amount which state officials had
estimated the northumberland owes
.ne commonwealth. ON the basis that
MI. Ryan is worth considerable in ex-
cess OF SJoO0o0O0, it has been stated
OH reliable authority that the state
Would insist that he pay something
ilke Sl.6O0.0O0 in taxes on omitted as
/: scssments and income since he became
Il resident of Virginia in 1906
REPORTED FOR TAXATION ~ 1914
INCOME or SI,5O0,OnO
The report of tho examiner shows a
total of SiJ.S2J.O00 in intangiblos
which had not been assessed from 1903
TO 1919. and SS.55o. 600 in incomes which
inc millionaire had not turned in for
For 1919. Mr.. Ryan reported an income
OF Sl.500.o00 for taxation
One of the most remarkable features
OF the examiners statement OF tho
amount OF omitted assessment. a state
oihcial pointed out Yesterday is tho
ratio of his holdings in bonds. money
and shares Of stock to his income re-
ported For instance. in 1913 there is
reported that MIR. Ryan omitted from
assessment a total of Si,575 600 in in
tanSiblos. For the same yea, an TN
come of Sl.3oo,ooo is given. Indicating,
That his holdings have an earning ca
pacity OF 81 q per cent.
The original assessments roror,cd
from year to year in MIR Ryan's name
we're comparatively nominal. In ono
or two periods his holdings in iutnn-
vlbl"s were placed at the same amount
as his income. In behalf OF Nr. Ryan
IL is stated that tho reports Oh which
his tax returns were based were prob
ably made M by clerks in his Office and
did not receive his personal attention.
NELSON No DESIRE: TO BURDEN
IT'S WEALTHIEST CITIZEN
Tn" Board OF Review aud Euuali2a-
ton OF Nelson County certified 10 tho
return of omitted assessments Of the
Ryan estate made by Examiner Drum
moul. The authorities OF Nelson
County arc generally credited with no
desire 10 make tho burden of taxation
on it's wcalth!est citizen heavy, and tho
impression prevails At the Capitol that
IN" figures carried in the report OF the
examiner are "A compromise.
Nelson County will. no Doubt. be sat
isncd with the payment by Mr.. Ryan of
S339,3I5 In back taxes If tho New Yorl;
banker is disposed TO accept the report
without a legal fight. However, there
VAS no official at the Capitol who was
willing II say that the state would
permit tn" reported compromise to
stand If legal evidence Of other omitted
assessments on the part OF MIR. Ryan
could h" secured. Til" Ryan matter
viii probably bc u subject for consid-
Grafton hy tn" state TaN Advisory
Board when Governor Stuart returns
to tho CITY next week;