New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22

the oil produced from this property.
They have a net settled production ap.
proIimAtely / 1000 barrels a day. and
several thousand acres Of oil leases
within proven territory, and have a
cash bank deposit In excess OF
s350,000."
Ryan's Terms Rejected
In the pcriod in which Mr. Ryan,
playing a lone hand. dthed inc govern
irq committee ~ ere heF loik 'tsce
Exchange. events followed ono ano'hsI
with great rnpadity.
The climax Of tho developments that
led the officials OF tho cXshsnNc 10
strike from The Trading hsi siu'i i ~
tors shares was on March 3d. ls-D'
when after the close NJ the markct
they met and decided that o. conner ~
the. stock existed. The ifsi sale cn
that day was 10 39i. nm advance N
about half q month or nearly ZoO
points. "
Not 10 be awcd by This actor Of the
exchange. Ryan ordered the Stutz Oh
rcctors on the following day io declare
100 per ccnt stock dividend. and I'VE
days later be offered 90 the shorts IN
tho stock his owH terms 81 settlement
but these were rejected by the gov
errors Of Che exchange.
Ryan TOOK the position that the ex-
change authorities had no right 20 in
tcrfefe with hi1 plans and issued sew
eraI statements Attacking their aiti-
tudo. These finally culuinatcd 80 TIE
suit for 81 100000 damarca brought
against the exchange and leading Oh
cials after he had beer expelled. lie
charged that tho attacks against him
were inspired hy certain governors O,
the exchange who had been caught
short In the sensational use OF stuiz
stock. This was dcrlcd hy INC gov
errors mentioned. who asserted NAT
they had bccl only acting Tor clients.
sold Seat for $4,000
Following his expulsion from mem
bership on The exchange ca June %
1000 bccausc OF Dis connection with
tho gtutz corner. Ryan sold bio seat
carly i'm tho following July fog SOS 5000.
Tntercat was rddcd 10 The tranfaction
because tho seat was originally bought
bv his fathcr. Thomas Fortune Kyun,
IN 1874. when memberships were SELL
ing around $4,000 each. TIC Transferred
tho membership % hig son In 1908.
The corner in siut1 finally came 20
an end on April 20. 1920, when as a
result Of an agreement between Ryan
and q protective committee represent
inr the shorts $3.50 O share was f1ed
as the settling price. 10 was calculated
nj the time that Ryan's profit from the
deal with the shorts amounted to more
than 81 100000
Following the closing ~ tho Stutz
episode ard his expulsion from the
Stock Exchange, Ryan continued ms
policy OF attacking and criticizinC wall
Street methods.
Slump In Securities
Il was In November, 1920. that a
committee was formed b. a number
of New York banks % take over Ryan's
affairs because OF the great depreei-
alton in the value Of the securities held
bv them as collateral. The inter-
ested banks were the Guaranty Trust
Company, the Chase National Bank,
the Mechanics and Metals National
Bank. the Empire Trust Company, the
Lawyers Title & Trust Company and
number Of others.
Since the stock market began 20 rise
again this year Wall Street has heard
rumors that Ryan had staged come
back" and that he was fast paying OF
bic loans 20 bankers.
One Of the so-called millionaire"
spceinl Deputy Police Commissioners,
Mr.. Ryan was appointed % o.hce In
April. 1919. by Richard l.. Enright. Il
was brought out before the Meyer COM
mittee that Police Commissioner En-
right had made a profit Of $4,000 on a
stock deal handled by Mr. Ryan, for
which Enright admitted that he put up
no money.
Early this year Ryan was sued By
his sister-in-law, Mrs. Caroline s.
Ryan. for S1,755,769, which she charged
represented the value OF securities
which, she alleged. had wrongfully
been used by the firm Of Allan a. Ryan
& Co.
Allan a. Ryan was born in New York
on May 3, 1879. he received his early
education in England and later was
graduated from Georgetown University.
Securities Held by Banks
The securities deposited at the va
rious banks as collateral for loans are
set forth in the petition az follows:
Chase National Bank-e,400 shares
stutz Motor stock, $500 shares Chi
eago Pneumatic Tool Company, 9G0
shares Times Square Auto supply Com
pany. $4,000 Consolidated Distributors
script, 6,033 shares Sinclair Oil Cor
poration, 10 800 shares Nunnally Com
pany. Total Of loans, S3,456,429 value
Of collateral, s667,776.
Mechanics and Metals National
Bank. 400 shares Stutz, go shares
Times Square Auto Supply, S6.l25 Con-
solidated Dist. script. 100 shares
Stromborg CarburetOr. 300 shares
Chicago Pneumatic Tool, $4,000 Con-
tinental Candy Company per cent
bonds, / 900 shares Bethlehem Motors.
Total OF loans, 81 ,s02 1858; value Of
collateral, S25S,500.
First National Bank-2,400 shares
stutz, 300 shares Times Square Auto
Supply, 81 s75 Consolidated Dist. script
100 shares Continental Candy value
UNKNOWN. Total Of loans, s53,067;
value Of collateral unknown.
Lawyers Title and Trust Company
$500 shares Stutz. Value Of collateral
unknown; total OF loans, S3ss,0s8.
Empire Trust Company 800 shares
Stutz. 100 shares Times Square Sup
ply Company. 1925 Cont Dist. 200
shares Chicago Pneumatic Tool Com
pany. Total Of loans, Sl66,705; value
% sccuritics $4,000