The New York herald., 1922-07-22
|RYAN CORNER ENDED
DRAMATIC FINANCE
Trader Long an Enigma in
Wall Street and Power
full Factor.
VERSATILE OPERATOR
Typewriters, Motors, Candy
and Airplanes Among .
His Manipulations.
IN MANY COMPANIES YET
Inherited Stock Exchange
Seat From Father and Then
Lost 1t in Fight.

dramatic figures in Wall Street in the
last generation. Tall, dark, and with
the inscrutable countenance of the
successful market operator, he was a
complete enigma to all except his very
closest associates.
Ryan was an operator who did not
seek out one line of endeavor and con-
fine his operations entirely within it's
limits. He was. in the vernacular of
the street. spread all over the list"
In all Of them he was dominating
figure, and. apparently. big success
until he laid the plans for the now
famous stutz corner, which marked
the beginning of his decline as an i'm
portant factor in finance.
After the final chapter OF the episode
had been written Ryan found himself
expelled by the New York Stock Ex-
change, held in bitter enmity by scores
OF his former associates-big figures in
the financial world-ard he was in
volved for many millions of dollars. His
banking creditors found it necessary for
their own protection 20 take over his
assets. Then came bankruptcy.
Went Into Aeronautfcs Early.
Ryan's flrst big operation In financial
fields consisted Of the organization Of
typewriter company which he announced
at the time would give battle to the type
writer trust and which would make a
machine at cost $50 less than the
trust" product. Ryan was president
os the company and was backed in the
venture by his father Thomas Fortune
Fyan. That was fourteen years ago.
About the same time Allan Ryan went
irto aeronautics on large scale organ
izing and promoting airplane companies
and being one of the first men to be-
come heavily Interested in the Wright
company. Ryan at the time was presi-
dent of the Aero Club of America In
1910 he resigned from the board Of d.
rectors Of the Wright company and
Robert J. Collier. his associate. did like
wise. ThiE step was taken because of
their connection with the Aero Club.
The next year, however. Ryan formed
another airplane company capitalized at
$4,000 to acquire the American rights
nf the ;Sieuport. a--Frerch monoplane,
then the speedest aircraft in the world.
Ryan was then conducting brokerage
business under the NAM ~ Allan A.
Ryan g. Bro. with his brother, Glen
denim Ryan, at 32 Liberty street. In
1918, however, they announced the dis
solution Of the Arm at a time when
Allan Ryan was In a hospital recuperat-
Ing from a serious operation.
The firm had been established by
Thomas Fortune Ryan for his two sons in
1906, at which time Allan Ryan acquired
his fathers seat on the New York Stock
Exchange. -.
Director in Many Companies.
According to the latest available di-
icctories, Ryan Is a director of ten diff
fercnt companies and an officer of sew
cra of them. They include the Ameri-
can Congo Company. the Bethlehem Steel
Corporation and it's subsidiary the Beth
Them Steel Company, Dunlap & Co.
Ucyden Chemical Company. Liberty
Farms Corporation MacDowelps Sauce
Company, Morton Petroleum Company.
Evan Petroleum Company. Ryan Con-
soIidated Petroleum Company and Stutz
Motor Car Company of America. He
vas also interested at various times In
the Chicago Pneumatic Tool Company,
the Stromberg Carburetor Company of
America. the Consolidated Textile Corpo-
ration. the Continental Candy Company,
&C.
Although Ryan was member of the
New York Stock Excnange for a long
Nine prior to his expulsion he rarely
Inpeared on the floor. Allan A Ryan
co. did very little commission bus
mess, but through the ownership OF his
seat on the exchange Ryan was able
to carry on his market campaigns. Mt
much smaller cost than had he been
compelled to pay the full non-member's
commissions The Stock Exchange seat
which he owned had been in the Ryan
3amily for nearly half a century. II
Mas bought in 1874 by his father at a
time when the current price for seats
was around $4,000. In June II was
transferred to the younger Ryan and
remained his until he was expelled when
1, was sold to Arthur Gwynne for almost
100000.
Statements issued during the day by
the Morton Petroleum Company, the Ryan
Petroleum Corporation, the Ryan Consol-
idated Petroleum Corporation. affirmed
that these companies are In no way
affected by the Ryan BANKRUPTCY. They
said:
The three corporations Just named
are In no way affected by Allan A.
Ryan's bankruptcy Mr.. Ryan is an
ojoer and director In the corporations.
and because two OF the corporations bore
his name he had a sentimental interest
,pA attachment thereto.
~The actiw management of the cor
porations, however. Is directed from It's
Offices at Bartlesville, Okla, with A. ID.
Morton, the president. in charge
''Mr. Ryan has at no time participated
in the management of the corporations
Except by way of counsel and advice
from time to time when an occasion sug-
ecsted.
''The corporations have no funded In
debtedness and no indebtedness other
han current expenses with the excep-
lion Of small purchase money obIiga-
ton on one of its properties, now being
, daily iiouidated by run OF half the oil
produced from this property. They
have a net, settled production approx
mating 1000 barrels day and several
thousand acres OF oil leases within
nroJ territory. and have cash bank
dej,ssit in excess OF s3Jo.00o."