Norwich bulletin., 1922-07-22
NUMBER FOUR (continusd from Page one)

liabilities, of Allan A. Ryan, persona:iy, and the firm of Allan A. Ryan and com. pany, of which he was president.
 Ryan's greatest exploit was his sensa- tional corner of Stutz Motor stoc6, which with the resultant expulsion fom the stock exchange is held by his friends to have been directly responsible for his
 financial ruin. In the early part cf 1920. stock of the Stutz Motor Car Com pany. of which Ryan was the presideu; and director, began to undergo per picking market fluctuations Before many weeks had passed, Wall street woke up to find that an apparent corner existed and that thousands of shares hal been sold "short" with no prospect of towering"
 Ryan and his associates are alleged .q have bought 31,6e0 shares of the stcea for themselves during the month of March, and to have used the alleged cor ner to force up the price of t.e stock until it had reached S3s1 share.
 9n March 31. trading in Stutz Mo- s5ss was suspended and m indefinite mo
 ratorium was declared in which thers
 could be no calls for delivery of shares,
 Later at the request of Mir. Ryan. the
 stock was stricken from the :'st Gov
 ernors of the stock exchange, after an ' ! tflNeSIlBdllOH, QectdTeQ that corner
 existed. but Mir. Ryan deied them and Is said to have made the "=horts' set tie for $551.25 a share. netting him
 profit estimated at S1e50, GOO.
 Mir. Ryan was then summoned before ] the governors on charges that he vas ! guilty of conduct inconsistent with : equitable principles of trade" He refus- , liberating five hours expelled him Hi1 seat on the exchange, which his fathir , had purchased on October 2e, 1874. to. ! about S4.5eo and had later transferred ! to him, was sold for ses.oo0 to Arthur : Gvynn. The proceeds of this sale. whict A have been held in trust. are among the
 listed assets.
 Shortly after his expulsion. Mr Ran brought a suit for S1.ooe.0o0 agaIns;
 William H. Remick, then president oi ' the exchange, and members of the boa-5 t of governors, several of whom he slle=-
 ed had sold Stutz motor shares short" y The suit is pending. no date ever having been set for a trial.
 e Ryan had made powerful enemies n
 the stutz fight and his expulsion fl m a the exchange was heavy bow 10 his 'e prospects. the so-called wise acres" gen.
 orally predicting that his hnanciaal ca
 reer would be brief. His father, rstei
 as one of the country's veaithiest mn
 was reported to have privately expressej n admiration for his sons coura geous hgh' ID and to have offered to help him. but nc ye public announcement of the fathers at 1t titude was ever made, and apparently n'
 help was forthcoming. Father and sal S. had been estranged for years. the rlf of between them growing wider when ih d father married a second time. onfy 1 st comparatively few days after the dsa:l ,d of his first wife, the young Anancier ,e mother When reports of the father
 | lx-fr1 4r fnfa gr, 1f Arfe Ia .h half were circulated, friends of tA le young man declared that he would "g
 broke" rather than aocept a cent iron st his father.
 True to predictions, young. Ryan h troubles began to increase after he Wa es expelled and four months after he ha m lost his seat, his affairs were In sue i protection to place his assets in the hard . of trustees. It was officially stated 2 3 the time that Ryan's affairs had bee
 satisfactorily settled, and that Rya
 would continue to exercise control of hi
 properties. His liabilities then were es
 timated at $1s,oeo. 900, and 1t was state -r that a careful conversion of his asset as would permit him to break even"
 Ryan was later reported to be stas "a ing a "come-back'' and Wall street hear e. reported that hewas interested in pool sy operating on the curb market HoweIs
 the trustees are reported to have exei ne cised so much control over his affair st that Rysn's operations in the last yea ne or Elore have generally been regarde h- as nominal. and he ceased to become
 figure of any great importance. }" The largest creditor Is the Guarantt
 Trust company with an individual a' count of Ss.S22.555. and another accom- Ie- of s13.543.sss. representing securit.e
 owned by Ryan, pledged by him 10 , g. Ryan and Company, and by that fir
 re-pledged to the trust company.
 Other large creditors with secure
 claims are the Chase National bank vi rs s49ea.392; Lawyers Title and Trn
 company, with S3ss .oss. and the Ernpl n Trust company. with s16s,7o5. Whi u, these claims are listed as secured" 5 was impossible to ascertain tonig at whether they actually would be hquida ed in full.
 to Among the assets listed by Mir. Ry' s. was S16 in cash. Other items wer s., Jewelry in the safe deposit vaults Of q 2 Merca ntlle Safe Deposit company. g. is i5e: silver toilet set. $50; life insuran tO policy S7.114. claims against the NJ
 York Stock Exchange, presumably af @ @les ing out of his suit, value unlsnoRr a.e .i! and a membership in the Horwo Country club.