New-York tribune., 1920-11-30
Bankers Say They Plan
Merely 10 assist Ryan
FiHancier's More to Retain
tntermyer to Act for Him
Ensses Comment in y III 81

HHNSoS comment IN ~ UU 81.
Wall Street bankers, representing
institutions directly interested In the
financial affairs of Allan A Ryan, ex-
pressed much surprise yesterday that
any other interrl citation should be
placed upon their action in taking over
Mr. Ryan's assets than an intan-
tor to be helpful III working out an
"v'~"~'7'y delcate and complicated
s'-nar,cr.
-~-1ly il ~ day Mr. Ryan announced
mat he hcped to be able to retain Sam
iel Jntermye- as special counsel to
.ook after his interests. II have lust
come rom Samuel Untermyer's home.~
sald Mr. Ryan. Il have asked him to
accept retainer The whole subject
being entirely new to MIN, he asked mo
'or time to act for ne. Mr. Untermyer
has taken my interest under advise
ment aud is to give me an answer at
O'Clock this afternoon. I have prom
sed him that will give NO interviews
and maze no statements in the mean
ti1.e"
Move Arouses Much Comment
Tate in the day Mr. Untcrmyer said
20 aad the subject under adv scment.
out gave no indication Of whether he
you'd consent to act for Mr. RYAN
ne moYe on the part Of Mr.. RYAN 10
anllst the aid of Ny Untermver. who
's well known for his activity Of sev-
7Fai Years ago IN seet'Nc t. force the
55!Heofporatlon OF the New York Stock
fNchange, and OF John Skelton Will
ans comptroller OF the Currency. who
aSs recently severely cr ticized the cal
-osh poHcy IF the Wall Street banks.
aroused much comment IN the fnanciai
'.a-f'ct. IN many quarters il was
.e"ea az beng perhaps an attempt TO
2f'ns aoout a. investigation OF Wall
street and rs methods, through the aid
81 II iiams and Mr. Unteruver
Nr Ryan himsel would say noth.ne,
s/aFaias his y.si. to Richmond Sun
cay where ne went to confer with
comptroller Williams.
Act for Mutual Interest
The bankers whose institrtion. 49,.
nvoiyed in the Ryan matter. tbo,'.'6
s-oslng 10 be quoted, indicated TN
"er act'on had been taken both in
ne interest q Nr Ryan and them
The disposition Of n. banks , d.
elafed the head OF one !eading inst,.
u1ion rs 20 be he pful. as alwa,e
"ey have been 60 In thia case NJ
t'sans loans, as John Skeiton Wi.
.sn's IS quoted as saying are amply
@ecured and W. feel that the ,ior
~'I! worA out all right" ava
ne banker was asked II any esrlv
~a9I'oatlon o. Mr Rysn's collateral
49, @ co'n3templated. "Ao,' was the
not be helpful "0U'u
Ofhcla ais of the Chase National parL
ne Dua uaranty Trust Comnanv >,d tt'n
-!ecnaAicS ard Metals National az
@h,e" lnsNtut.ons which are ND,
SVY" 20 n@Te taken over the vce.tcr
az o. -ar kyan's loans and col,s,rraf
=" con erence yesterday. An H.
ma committee corsist.ny of ,b.
arS o. the tnlcc haaks fss hoo,
2rHca 70 worh ,n rarmoay IN adjust
Ng me Farious Ran aocoua.
Collatera! Being inventoricd
tne collateral beAind t.e jaars
"hicH nave been tahcn over 6v fhc
."n"s 's beng careful. lnventoricd
Nas said. 10 determine the value og
.He huge rnazs y necDrtio. nc}d ,.,.pn
name d Hs. Ran. Tho banDs i, y,,'
s@'hfN' ~ stepping q - protect Mr.
f't5h assets had fakru n.s accoo,ta
pot II the hands og a number ,f Wall
asfeet ofeHcrage houses and some other
oanz1 b. THE actioa She account.
~efe transferred 70 stranger hands ,.r,J
n" possibility u tne + reed llquidatinn
" iafZc amount of tne nocue',so4 va,
eliminated. bankers asserted The hans.
ers yestefday insisted that no effort
nFor 81 sel these sccuritics.
suo ~ vas 'rtlnated that rnany months
might elepee before THIS could he con-.
sidsred
Ar R1an Visited Wall Street during
10 co1rss n ne day and spsnt soms
zirs The Guaranty Trust COMPANY
wass hs conferred With sGieiala Of Tho
zAstt s1en