New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-31
Ryan's Wife to
Drop Her Claim,
For S2,OOO,OOO
She Will Sign Waiver Re-
leasing Bankrupt Before
Going TO Europe Sept. Is;
Inquiry Is Terminated
Bank Deals Explained
Financier Says Collateral He
Gave 10 First National for
81. 600, 600 Was His Own

Mrs Allan A. Ryan will file no claim
as creditor against her husband. it was
brought out yesterday at an examina-
ton Of Mr. Ryan before Peter B.
olney, referee in bankruptcy.
Mrs. Ryan's claims against the
bankrupt amount tp about $4,000 900.
Mrs. Ryans attitude was made known
when David Hunter Miller, counsel for
Francis G. Caffey, receiver and trustee,
examined Mr.. Ryan in regard to a
, transaction in whick Mrs. Ryan ad-
yanced $4,000 on the understanding
that the money would be returned
when the venture was completed.
William Travers Jerome, counsel for
Mr.. Ryan, then announced that Mrs.
pyar would sign waiver on her re-
turn from Maine to this city, prepara-
tory TO sailing for Europe Septem-
Der IS.
Asks for Bank Data
!. The examination along this line
fhereupon was terminated. The ques-
zion of Sf2 ZOO 600 liabilities to several
banks, chiefly the Guaranty Trust
Company, the Mechanics and Metals
and the Chase National, also was
nassed over, with the explanation that
the United States District Court had
refused the receivers application to
enjoin the banks from selling the
collateral pledged by Mr.. Ryan for
loans. Mr. Miller said that he had
accepted the ruling as final and that
no appeal would be made.
In connection with the bank }iabili-
ties Referee Olney asked for q brief
statement Of the facts which brought
about the agreement between Allan A.
Ryan & Co. and the hanks. Mr.. Miller
and Judge Jerome gave the facts as
thy understood them and Mr.. Ryan
corroborated the statements.
The summary of the statements has
been made public before, showing that
IN November, 1920, the firm OF Allan
A. Ryan & Co. owed large sums to
the banks and the Guaranty Trust
Company stepped into the breach to
act as Mr.. Ryan's fiscal agent. Col
lateral was turned over to the bank
at the time, and it was believed then
tkat this would be sufficient to meet
all obligations and leave an equity to
be returned TO the Ryan company, but
valuations shrank to such. an extent
that after eighteen months there was
d large deficit.
Mr.. Ryan was examined in regard to
collateral pledged to the First Ma
sional Bank for loans approximating
100000. He said that most or the
collateral belonged to him personally
The remainder was the property Of ac-
connts in the Ryan firm, he said.
Promises Cooperation
He explained that he received as a
fifth share of his mothers estate some
thing less than $4,000, and he thought
that any remainder would amount tc
less than $4,000.
In regard to fifty shares of Royal
Typewriter stock, about which he was
questioned at the previous examina-
ton, Mr.. Ryan said that ne had learned
since then that he had given the stock
to j. l.. Meyers on March IL, 1914, and
until Mr.. Myers returned from Europe
he would be unable to find out for
what the stock was given. He was
certain, however, that it was not a
cash transaction.
Before the hearing was closed Mr..
Ryan assured the counsel for Colonel
Caffey and Referee Olney that he
would cooperate with the trustee in
every way he could in Strengthening
out his affairs, and he declared that
all his assets and liabilities were listed
completely and accurately in the sched-
ules filed with the bankruptcy petition.