davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
Allan A. Ryan, Spectacular
Financier, Goes Bankrupt
Operator Whose Greatest Exploit Was Corner of Suz Motor
Stock Lists Liabilities S32,435,477 and
Assets at S643,533

ule tells The story The schedule
lists the assets and liabilities of Al
ian A. RYAN personally, and the firm
Of Allan A Ryan x Co. of which he
was president.
Corncrcd Stutz stock.
Ryan's greatest exploit was his
sensational corner OF Stutz motor
stock. which. with his resultant ex-
pusiOn from the stock exchange, is
held by his friends TO have been di-
rectly responsible for his financial
ruin. I'm the early part of 1920
stock of the Stutz Motor Car Co. of
which Ryan was then president ana
director, began TO undergo per
picking market fluctuations. Before
many weeks had passed, Wal street
woke up 10 find that In. apparen,
corner existed and that thousands of
shares had been sold short with
no prospect Of covering"
Ryan and his associates were al
legged to have bought 81 600 shares
Of the stock for themselves during
the month of March. and TO have
used the alleged corner 10 force up
the price of stock until IL had reach
ed 1891 share on March 81 when
trading in Stutz motors was sus-
pended and an indefinite moratorium
was declared. i'm which there could
be no calls for delivery of shares
Later. at the request of Mr.. Ryan.
the stock was stricken from the list.
Governors Of the stock exchange.
after an investigation. declared that
corner existed. but Mr. Ryan de
fled them and is said to have made
the shorts settle for S551,25
share. netting him a profit estimated
at S1.650,0O0.
Expelled From Exchange
Mr. Ryan was then summoned be-
fore the governors on charges that
ne was guilty of conduct incon-
sistent with equitable principles OF
trade" He refused 10 appear and
the governors. after celebrating
five hours. expelled him. His seat
on the exchange. which his father
had purchased on october. %. 1874.
for about $4,000 and had later trans
ferred 10 him. was sold for $4,000
10 Arthur Gwynn The proceeds of
this sale which have been held IN
trust. are among the listed assets.
Shortly after his expulsion. Mr..
Ryan brought suit for S1.000.OOO
against william Remick. the prest-
~~~--, ----S>~~o,~>~-~e~,~ ~~>~-0-~~~~~-~-''
CONTINUED on page two)
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
WITHDRAW 10 TRAINS:
SOUTH BEND AFFECTED

DETROIT. July 21.-withdrawal
OF Is passenger trains and curtail-
ment OF the runs OF 10 others TO but
three DAYS a week. effective July %.
due 70 the coal shortage and rail-
road shOpmen's strike was announc-
ed late Friday by officials Of the
Grand Trunk railroad here
According 20 South Bend officials
Of the road, the announcement,
while not officially received by them.
Will mean the removal OF at least
two trains OF the local division.
These trains. among The best equip
ped on the entire line. are No 7.
an east-bOund train which leaves
here az 1857 a. m. and No. s, west
bound. which leaves at 1892 .. m.
Neither carries mail
Omcials OF the road last night
stated that sufficient coal is on hand
20 last Is days with no future sup
ply in view
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
LIMERICK TAKEN
BY FREE SKATERS
Nationalist Open Attack in
Earnest-Now Dominate
Kings County.

DE- BIN. July 2I-tBy A PD-
Limerick IS completely in possession
OF the Free state forces. Il is Of
Ideally announced. but no details OF
The final engagement with the r.
resular troops are given.
With Limerick and waterford in
.he hands OF the national forces
the attack OF this line now has been
opened iu earnest and combined
assault j. expected shortly The
Free Staters have also occupied
Tullamore. where they were received
with enthusiasm and popular re-
Joicing They now dominate Kings
county
There vas violent dghting AZ
Waterford before the Free Staters
preached the rebels lines and pene-
trated The city Artillery on the
heights Hanging the river kept up a
heavy lombard ment for As hours.
A tie rebfes retired they mined and
SEE IRE 20 many buildings
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
KANSAS EDITOR is
STILL OUT OF JAIL
AS ALLEN DELAYS
Governor Plans for His Arrest
Unless He Withdraws
Strike Sign.

TOPEKA, kas.. July 21.-Judge j.
A. McDermott Of the Kansas Indus
trial court. left late Friday for En-
poria 10 investigate the William Al
len White case. From the govern
ors office. it was announced that
there was no change in the states
plans TO arrest the Emporia editor
for his alleged violation OF the in
dustrial court act in posting placard S
encouraging the striking railway
shopmen. The only reason for the
postponement of action. il was said.
was to determine plan of campaign.
II was understood that Judge Nc
DermOtt had a complaint against
White with him and that his instruc-
tions were that. II White took down
the offending sign no attempt should
be made 10 arrest him, but that if
he did not. McDermOtt was to file
the Information with the county at
torney.
Late information from EmpOria
was TO the effect that the yellow card
which caused the break between
White and Allen. is still in position.
but White had not changed the so
percent sympathy for the railway
men Yesterday the sign was chang
ed from 40 TO so percent.
Word also came that Mr. White.
lifelong friend Of Gov. Allen, was
disappointed at the delay in the pro-
posed arrest. In an article in Fri
day nights issue of the Emporia
Gazette. White says:
All day the editor of the Gazette
has be&n sitting up dressed for the
execution Occasionally a box of
flowers would come in He got his
last communication from Henry
Gannse. his attorney. and sat singing
pious hymns. waiting for the pro
cession 10 start He had dying
statement written and put in type
and was in a beatific frame Of mind,
when the notice came that a reprieve
had been granted until sundown.
The notice thai Judge McDermott
was coming TO Emporia under a flag
OF truce sent the Gazette man into
his bOmb-proOf shelter. with his gas
mask on and his tin hat over mis-
eye"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
RANDALL 337 VOTES
AHEAD OF M'MULLEN

OMAHA. Neb.. July 21.-(By a.
Pp-Charles II. Randall of RAN
dolph had "A lead of 337 over Adam
McMullen Of Beatrice for the repub-
lean nomination when 1921 of the
states 1908 precincts had reported
at 1880 o'clock Friday night. These
precincts. which represented all
counties of the state. gave the fol-
lowing vote: Randall 1921; Nc
Mullen 4S.924
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
!. S. MARKING TIME IN MINE DISPUTE
EIeUen Are Hurt By
AraLanche On Famous
Yosemite Park Trail

HO SEAIITE. cal. July 21.-CBy
q. PD-One woman was serious
U.s. injured and ten others slightly
hurt by an avalanche which
crashed in on the famous LedEe
trail In Yosemite National park
Friday Sixty persons were on
the trail when the slide started
Widest excitement prevailed.
Ledge trail is the steepest OF
all OF Yosemite's trails and rises
more than 800 feet in the dis
lance Of a mile and quarter
10 is used largely by daredevil
mixers who scorn 10 travel the
TWO safer ascents recommended
by the government officials
The avalanche was seen by
hundreds and il was feared char
many had been killed and in
iured when the huge pieces Of
ROOFS numbered rowu the steep
cliffs.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
STEEL MERGER
Is NOT ILLEGAL,
DAUCHERTY SAYS
Declares Combine Does Not
Violate Sherman, Clayton
or Webb Acts.
GIVES SENATE OPINION
Attorney General Does Not
Rule on Bearing of Fed
eral Trade Law.

WASHINGTON. July 21.-CBy A
PATTY. Gen Daugherty informed
the senate Friday that in his opin-
ion the proposed merger of the
Bethlehem and Lackawanna Steel
companies and that OF the MidVale.
Republic and Inland companies
would no. be in violation of the
sherman act. The Clayton act or the
Webb act He declined. however.
TO render an opinion az 10 whether
those consultations would cOnsti-
tute a violation of the federal trade
act
The opinion submitted by Mr.
Daugherty was In response 10 the
LafOllette resolution, asking the at
torney general and the federal
trade commission 10 inform the SEN
ate what steps they had taken 10
ascertain the purpose and effects of
the proposed merger. what action
they had instituted TO protect the
public interest and whether in the
opinion of the attorney general il
would be advisable to proceed under
the sherman and Clayton acts 10 pre-
vent the merger.
To Continue Investigation.
Members Of the federal trade COM
mission said Friday the opinion of
the attorney general would have no
effect upon the commission i'm its
independent investigation OF the
merger The commission. 1t was
pointed out. filed its complaint in
the case of the Bethlehem-Lacka-
wanna consolidation before the mer-
ger was consumated and it was ad-
ded that it would not ne necessary
for the commission TO wait for the
actual merger of the three companies
before issuing a complaint.
Concerning his refusal to pass on
the question of whether the mergers
would violate the federal trade act,
the attorney general said that While
the senate resolution seemed broad
enough to call for an expression of
his view "for obvious reasons I must
decline to express any
The federal trade commission is
alone vested with the power Of en-
forcing that act" Mr. Daugherty
continued. THAT body has prefer
red a formal complaint against these
companies charging that the pro-
posed merger is an unfair method
Of competition within the meaning
of section five The senate will no
doubt be quick to perceive the i'm
propriety Of my expressing any OPT
mon"
Duties Presented
Mr. Daugherty said he thought
il proper at the outset Ito call at
tention TO the fact that my pre-
decessors have consistently adhered
CONTINUED on page two)
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22

NEW YORK July 21-Allen A.
Ryan, generally regarded as one Of
Wall streets most spectacular oper-
ators during the war boom" period
and the son Of Thomas Fortune
Ryan. from whom he has been es-
ranged for years went bankrupt
Friday listing liabilities at S32,435,-
AZ. of which 7SO6.9s4 are Sc
cured claims, and his assets at
$643.533
His voluntary petition n bankrupt
cy. which comes as a startling climax
TO one of the stormiest financial ca
dicates the wiping out of a fortune
variOusly estimated from 100000
10 $4,000. 600 Wall street which
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
LABOR LEADERS co
ON TRIAL IN CHICAGO

CHICAGO. July 2I.-tBy 1. y. s.
1t required FIVE weeks 10 select a
jury. but the trial OF Big Tim
Murphy. Cor" shea and Fred
C'F'renchy'D Nader, labor leaders.
in connection with Chicago's last big
reign OF terror and violence, finally
got under way in criminal court to-
De-.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
HEAD OF LABOR
BOARD TO MEET
HARDING TODAY
President to Receive Detailed
Account of Rail Strike
from Hooper.
DAUCHERTY INTO CRISIS
Attorney General Discusses
Situation with Sens. Borah
and Cummins.

WASHINGTON July 21-tBy 4
-Determ 10 obtain a 6rs'
1aud view Of the railroad strike
uation PRIEST Harding Friday cal-
.ed Chairman Hooper OF the rail-
road labor Doafd here from Ch,-
go for a persona. interview Sat
urday PRIOR to summonlng no
labor board head. Tho pres dent re-
.eived Chairman Cumm ms and Sens
kellogg and Watson OF the senate
interstate commerce committee. who
reported on the conference Thurs
dsy night with eastern railroad
executives. and later the whole ques-
ZION was taken mp for discussion
lr a prolonged cabinet session
The president was represented as
being DESTROYS of hearing from Mr.
Hooper on account OF the positions
taken by the leaders OF striking
shopmeu. railroad executives and
the board itself during negotiations
aimed At the strike settlement, but
which now have been broken off.
Some conflicting reports in the mat
ter have been received at the white
house specially since the conference
held Thursday night by the three
Interstate commerce committee SEN
ators and executives OF the larger
eastern trunk lines.
Daughcrty Holds Conferences
Meanwhile, Atty Gen Daugherty
conferred at the capitol. first with
sen. Borah. chairman Of the SEN
ate labor committee. and then with
AIR. Cum Minis the discussions IN
volving the possibility of legal ac-
tlon IN both the railroad and the
coal strikes. the result being. Mr..
Daugherty said that ne and Mr..
Cummins were in agreemen as 10
he governments power To act IN
both cases.
Discuss Legal Action
~ haven't any doubt" the attor-
ney general said later. '.that the
government has as much power and
authority 90 protect men who are
engaged in production OF coal which
is indispensab Ca transportation. Nv
BE- has TO protect the men engaged
in transportation of the mails and
interstate commerce The govern
ment has fun power and author
IT'S go see that the protection in
cident TO production is not Interior
eed with
fered with
Asked whether legal proceedings
including rights of injunction were
discussed with Sen. Cummins he re-
piled that am phases Of possible ac-
tion which might be necessary had
been gone over. including he added
-the right of man To work and
the right Of a man 10 Quit work q"
Tho attorney general said no ma
peers were now In course or prepa-
ration iu connection with the s+rfls.
.but declared that The sdninssfra-
tiop's plan involved consideration ~
az possibilities
The coal situation. he contin-
ued. "iS more or less involved d,
P"'-
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
CHARTER COAL SHIPS

NEW YORK. July 21.-Thirteen
more ships with an aggregate car
rying capacity OF 10000 tons were
chartered Friday 20 import coal from
Europe because OF the coal strike.
A. .. Lasker. chairman OF the Unit
ed States shipping board here for
conference. said Friday.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
DRIvE WORKERs AVN.

CLINTON. July IA crowd Of
about 125 foreign-born miners. with
few Americana born men. visited
the slack. piles west Of Clinton Fri
day morning and drove the workers
away. II was reported that the lead
ers threatened 70 return with guns
II they failed 20 cease working and
that shovels were taken away from
some OF the workers.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
CHILE AND PERU
CLOSE CONFERENCE
WITH AGREEMENT
Success of Farley Seen as Start
of New Era of Pan-Ameri-
can Accord.

WASHINGTON. July 21-tBy A.
PD-Chne, and Peru consummated
here Friday their argument TO sub
init their generation-old quarrel
over Tacna-Arica to the arbitration
of Pres't Harding.
The arbitration protocol and its
supplementary act, the fruition of
10 weeks negotiations conducted In
Washington on the invitation OF
Pres't Harding. we're signed by the
plenipotentaries of the two govern
ments i'm the hall of the Americas in
the Pan-American building amid the
applause of a distinguished assemb-
lage of diplomats and officials Of the
United States They were announced
to the world in a series of addresses
haiing the settlement as an epochal
achievement in Pan-American con-
citation
See Pan-American Accord.
I'm turn the spokesman of Chile,
Peru and the United States express
ed in solemn terms their deep graft
ication at final placement OF the
problem which for so long had been
a thorn in the side OF international
relationships in the western hemi-
sphere. Sec'y. Of State Hughes.
speaking for the American govern
ment. predicted the accord would be
the greatest achievement OF this gen
Grafton in the direction Of peace and
good understanding in the new
world
When the final session OF the con
ference was ended. the Chilean and
Peruvian delegates called together
AT the white house TO thank Mr..
Harding for bringing them together
and to receive his assurance that he
would accept a deep sense OF res
possibility. mis- designation as final
arbiter Of the dispute.
Ratification Next.
The next step Will be the ratih-a-
ton OF the two instruments signed
Friday by the Chilean and Peruvian
governments. but the plenipotent-
Aries are leaving Washington con-
hdent that their work viii find ready
approval at home Actual arbitra-
zion viii begin after Publications
have been exchanged. probably late
This fall
There was much show OF emotion
at the conference table as the del
egates put their signatures 10 the
settlement Of the controversy which
for forty years has kept Chile and
Peru al swords points.
Mr. Hughes. who exercised MS
friendly office toward the rapproche-
ment after the delegates had reached
a deadlock early in their negOtia-
tions was greeted with applause
when he declared a new day had
begun TN I.atin-America and that
The conclusion reached BY the two
delegations had recorded another
sweeping victory for the conference
plan" OF international discussion.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
TARIFF ACTION
BRINGS CHARGE
OF FAVORITISM
Sen. Smith Claims Arsenic
Rate Made to Benefit Biz
Smelling Firm.
QUESTION WOOL RATES
Farm Tariff Bloc Leader Asks
investigatiOn-H Hemp Du-
ties Lowered.

WASHINGTON. July 21-Devei-
opments Friday in senate consider
alton OF the administration tariff
0iu Included:
A charge by Sen smith demo-
GRAFT South Carolina. that the rare
OF ? cents a pound on white arsenic
was written into the bin for the
sole benefit of the great GGggens
helm smelling interests.
The introduction of a resolution
by Sen. Gooding republican Idaho,
proposing a public investigation Of
The claim Of clothing producers thar
the proposed rate Of 80 cents =
pound on secured wool would re-
sClt IN an increase Of about 81 IN
the price OF a suit of clothes and
81 in the price OF an overcoat.
Material reductions in most OF
the duties originally proposed on
products of flax. hemp and jute.
Charges shameless FavOritism''
Sen. Smith brought up the arsen-
ic rate In the midst of the linen
schedule and promised that when
the senate came TO final action on
the arsenic paragraph he would go
into details as TO whom the tariff
would benefit and upon whom Il
would rest. He characterized the
proposed duty as "the most shame
less favoritism for one comhina-
ton and one set Of men" and es-
timated that il would cost the cot
ton producers alone $4,000. 600 900
a year.
Calling attention TO the fact that
arsenic was by-product which the
smelters were required by law to
contain because Of the damage Il
had done to vegetation near the
sme!ters Sen Smith said the
smelling interests were not even
willing TO contribute a by-product
to the general welfare of the coun-
try but hasten TO congress to
get a duty on it,
Denies Claim
Sen. Smoot. republican Utah. de-
MED that the arsenic duty would
cost the cotton farmers $4,000. 600
a year on the LASTS Of the total
of domestic production and import
alton he said the total increased
cost would no1 exceed $4OO.O 600 a
year
Seq Gooding's resolution propoe-
ing an investigation Of the effect
of the wool duty was preferred 10
the committee on audit and ac-
counts. II would empower a special
committee Of five 10 hold fun hear
ings and make report 10 congress.
Mr. GoOding Is the chairman OF
the republican observation-disclosures
bloc which proposed the 80 cent
(Conrinued on naua r,,-oo
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
WILL GIVE PLAN
OF FEDERAL AID
Time 10 WORK
Officials Continue Plans for
Proposed Raiioning Of
Coal Supplies.
TO CHECK PROFITEERS


....
,.
"'t .''-'. .-''.
ans ' ',
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to" 90
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-t.- ..-..t........
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
APPROVE NrCRAY'S ACTION

INDIANAPOLIS. July PA res
olution indorsing Gov. McCrays Rc-
ton IN the coal strike was adopted
at the meeting Ct the American As
ISOLATION Of Engineers' here Friday.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22
SAY OFFICE GIRL
FOR WYPISZYNSKI
ACTED AS COURT
Irregularities in Handling of
Speeding Cases Exposed
by Victim of Race.

Alleged irregularities in the man
ner in which speeding cases were
disposed of i'm the Justice Court OIL
Joseph Y. Wypiszynski were brought
to light Friday when A ID. Kyler
protested TO Pros Floyd O Jellison
in an effort TO have fine RENTED to
him. amounting To $40. paid on
June 26th 20 Wypiszyn office
girl Miss Frances Kabzinska.
Mr. Jellison was investigating the
matter Friday as am attorney rather
than i'm his official capacity. II was
said by various lawyers that the
Justices office girl lacked authority
to accept a plea of guilty and the
payment of the fine and costs. O.
proceeding declared 10 be highly ir-
regular.
Usual Custom. Says.
Miss Kabzinska said Friday that
this had happened in several in
stances where the arrested motorists
had wanted TO settle quickly and
pleaded guilty without Mr. Wypiszyn-
ski being present. However. 10 was
added. no "comeback" resulted eN-
cept i'm jhe instance of Mr. Kyler.
who went to Mr. Jelison to secure
restitution OF funds
AIr Wypiszynskt was not ir his
office Friday morning but his office
girl declared that Mr. kyIer had
discussed the matter with the JUS
tice and the latter had declared that
he would call in Russell Meyers uu-
I'll recently a county motorcycle Of
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22

began To count young Ryan out as
soon as he was expelled from the
New York stock exchange. on June
%. 1920, following his sensational
corner of Stutz motor stock. was
nevertheless shocked by the i'm
mense amount OF liabilities which
the young hnancier had assumed.
Neither Ryan nor his attorney.
George +. Lewis. would make any
comment on the bankruptcy proceed
ings beyond stating that the seized
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22

Indiana; Increasing cloudiness sat
urday. followed by tbLsdershowers ar
night or sunday morning, and by fair
weather sunday afternoon. continued
warm
Lower Michigan: Thundershowers
probably Saturday or Saturday night
sunday fair and cooler IN west show
ere probably IN east portion.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22

CContlnued on PAGE twol
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22

Continued on page two)
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-07-22

ICOntInued on page Two
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1922-10-07
MIDDIES ARE FINE ATHLETES
Several Graduates Of Present Year
Have Been Able to Maintain
High Proficiency.

A number of the Naval academy
graduates of the present year have
been able to become prominent in ath-
letics, and still maintain a high stand
ing in studies. Among the first so in
scholarship, out of the class of over
500 are Gallagher, Olympic oarsman
and captain Of the football team Dole,
star lacrosse player and football
back; Jordan, member of the Olympic
crew; Hunter, the broadsword cham
pion, and Bruce Adell, the wrestler.
All the class presidents are great ath-
letes. Clyde W. King, of the first class.
is the Nays most noted oarsman and
football player; William Y. O'Regan
of the second class shines as a foot
ball and lacrosse player, and is cap
tain of the boxing team. and Ira c.
Mckee of the third class has won his
letter at football and basketball. and
is working hard for his baseball in
sigma.
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1922-10-07

days to show my best form, and, as
Manager Milan has reached the same
conclusion | hope to be called to the
slab at these regular intervals.
81 guess l was endowed with an
unusual arm, continued Walter 1t
never hurts me and never feels the
least bit heavy. no matter how hard a
game l have to pitch I don't know
how much longer 1t will stand the
gaff, but there absolutely is no indica-
ton now of it giving away
asked if he ever would pitch in
the minors after his big league days
were over, Walter said I never
would go to the minors under anyone
else's management, but there are sew
eral minor league clubs that would
be glad to become owner or part
owner of, and in that case it is pos
sible that might be seen on the
mound against teams in the lower
ranks