The New York herald., 1922-01-05
RYAN SISTER -IN-LAW
DEMANDS S1,765,769
Mrs. G. J. Ryan Third Woman
to Sue for Profits OH Stutz
Stock Sale.
WANTS HUGE DIVIDENDS
Kenneth R. Howard and Two
Trustees Defendants With
With A. A. Ryan.

Allan A. Ryan's sister-in-law sued
yesterday for the largest amount asked
for by any OF the customers who have
started actions as result of transac-
tions with the brokerage firm OF Allan
A. Ryan & Co. Caroline s. Ryan, wife
OF Clendennin ]. Ryan. filed COM
plaint in Supreme Court. In which she
demanded $1.755.7s9.91 form Allan Ryan
and Kenneth f. Howard, his former
partner, and from the Guaranty Trust
Company and Alvin Untermyer. who
were made trustees OF the assets OF the
Ryan firm year ago.
Like Mrs. 1. Townsend Burden and
Mrs. Eudora Walsh. who sued the same
defendants two weeks ago for S32S, lA
and 1905 222, Mrs. Ryan complains OF
transactions In shares of Stutz Motors
and other stocks In which the Ryan
firm was specializing in 1920 Mrs.
Ryan insists that the amount she de-
mands should have been paid to her
as stock earnings and profits on the
sale of stock which the firm bought
for her account. She names tho Guar
anty Trust Company and Alvin INTER-
myer as defendants because her stock
was wrongfully converted and deliv-
cred to them as trustees" when they
took over the assets Of the firm in 1920.
Foresaw Big Profits.
The narrative of her transactions be-
gins with April 1920, when she owed
to Ryan & Co. balance, as security for
which they held 1000 shares % Stutz
Motors. At that time Ryan was en-
deavoring to make a corner in Stutz and
the stock was lively. Mrs. Ryan says
Ryan and his partner obtained her per-
m OF 0DarltlOnS
and pay her the same profits on 1t as
they made for themselves on stock or
their own which they used the same
way.
Their first operations were successful
and within q month two dividends, one
of 20 per cent. and one OF 80 per cent,
we're declared and the price OF the stock
flew upward. By early summer, she de-
clares, Mrs. Ryan stood winner by
| SS7s,057 above the value OF her original
| shares.
In May, 1920, the firm, paid $4,000
TO her. At that time she had with 1t
14o shares of Buddy Buds, GOO shares
Of Haskell Barker Car Company. 200
shares OF United States Steel common,
and 1000 shares of the Cont mental
| Candy Corporation in addition to
her Stuzt stock. She demanded
settlement the following December,
when. she alleges, her Stutz STOCK
should have been sold for ss0o.000 and
her other stocks for $77,625. and the
whole sum In cash sent to her along with
the $S79.057 which was PAYABLE from
| dividends. The three sums added to-
gether. less S912.09 which she owed on
an old account, make UP the $1,7o5,-
| 1891 which she claims.
| Recalls Stutx Corner.
Mrs. Ryan's action recalls the corner
| In Stutz motors attempted by Ryan In
1920 when he was accused of trying to
Squeeze the shorts" and found himself
in q sharp dispute with the authorities
of the Stock Exchange. He was sus-
pended from the Exchange on the Same
day that he resigned from 1t. Later he
sold his seat and announced he would
never step on its floor again.
After he ceased to be active as q
broker and trader there were confer
ences among his creditors. and in De-
cember, 1920, the assets Of his firm were
| taken over by the Guaranty Trust Com
pany and Alvin Untermyer, as trustees.