New-York tribune., 1921-09-24
Stock Record
Of Enright's
Friend Barred
Allan A. Ryan Summoned to
Meyer Probe Headquar-
ters With Accounts of
Ex-lnspector Hughe s
Deals Arouse Inquiry
Another Line Included in
r. an Urged by Henry for
'sIndorsed'' Pier Guards

Allan A. Ryan, fnancier and special
deputy police commissioner, who had
presented $4,000 to Commissioner of
Police Enright as profits" of "icti-
tlous stock transaction" was sum
moned, to the headquarters Of the
Meyer legislative investigating com
mittee yesterday with the records
of his firm, Allan A. Ryan & Co., re-
specting the trading accounts of Ed
ward P. Hughes.
Hughes was a police inspector in
charge of the detective bureau at sthe
time of the Herman Rosenthal murder.
out was police captain when he was
retired in 1918. He is reputed to be
one OF Commissioner Enright's most in
innate friends. having been best man
at Mr.. Enr' ght's wedding. He is now
head OF detective agency.
Ryan Forced to Wait
Neither Senator Schuyler M. Never.
chairman of the committee, nor Elon
X. Brown, chief counsel to the BODY.
was at the offices at SO Park Row
when Mr.. Ryan appeared with bun
die of documents under his arm, and
the financier lad to wait about fifteen
minutes before one of the committees
aids received the papers.
Mr.. Ryan refused to make state
ment when pressed for some expla~a-
tion of the $4,000 Enright stock deal,
Tor which. it was testified before the
committee. the Commissioner did not
have to PIT up cent 1t was pointed
out that Morton Petroleum, the stock
IN question had not been quoted on
the curb market at any time between
April II, 1919, when Enrieht is de-
shares OF the securities. and April 22,
1919, at 50 a share, at which the rec
ords Indicate the stock was purchased.
While the records further indicate
that the stock was sold at $3.50 on the
last named date, it appears that the
lowest quotation to which the stock
dropped on April %, 1919, was Az, and
that it went as high as $3.50. Mr..
Ryan, however, refused to throw any
light on 'the operation.
More Light on Transaction
Senator Meyer intimated yesterday
that the committee was by no means
through with this transaction. There
is possibility of the financier's being
called to the witness stand and being
requested to go over the deal in de-
tail. HuSneS. also may De asked to take
the stand as we'll as some of the other
millionaire special deputy police COM
missioners, such as Coleman du Pont
and DR.. John A. Harriss.
1t was pointed out as curious coin
cidence. that two years after Hughes's
retirement from the police force he
purchased the estate Of Mr.. Ryan at
Suffern. The property, consisting of a
twenty-five-room house with ffty-six
acres Of improved land, was considered
one of the show places of Rockland
County.
Senator Meyer offered the comment
that Morton Petroleum was generally
understood to be Ryan syndicate and
that Mr.. Ryan was thus in a position
to obtain the stock at any figure he de-
sired. Mr.. Brown remarked:
"It is very significant. If the figures
arc correct it demonstrates that the
transaction was not only fictitious as
far as Commissioner Enright was con-
cerned, but was also fictitious as far as
Mr.. Ryan is concerned. 1t was simply
a means of making present Of $4,000
to the Com missioner. see no neces-
sity for calling either Mr.. Enright or
MI. Ryan to the stand. shall simply
read into the record the stock quota
tions of April II and %. They speak
for themselves"
An important point lost sight of in
the testimony before the committee on
Thursday respecting the employment of
(ContIBued on papc four>