The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-22
RYAN BANKRUPT
With MILLIONS
in LIABILITIES
Spectacular EFWar Boom" Opera.
tor Rocks Wall Street by Vol
untary Petition.
OWES OVER 80 MILLION
WITH S643,53 ASSETS
Made Over Million and Half by
Getting "Corner on Stuts Mo-
tors Recently.
lay The AssOeIated Pressl

NEW YORK, July 21.-AIlan A. RYAN.
generally known as one Of Wall strees,a
most spectacular operators during tba
war boom" period, and the son of
Thomas Fortune Ryan from who he has
Deen estranged for years. went bankr11nt
today listing liabilities at sS2. AZ. .477 ne
which $27, ,So6.ss4 are secured claims. ana
his assets at s643,533
His voluntary petition in bankr,ntcy,
which comes as a startling climax to one
OF the stormiest financial careers Of the
present generation. indicates the wfpins
out of fortune variously estimated from
$5.ooo,0oo to $4,000, 900. Wall street
which began to count young Ryan out
as soon as he was expelled from the
New York Stock Exchange. on June %,
1920, following his sensation corner. of
Stutz Motor stock, was nevertheless
shocked by the immense amount OF Ia-
bilities the young financier had assumed.
schedule Tells story. +"
Neither Ryan nor his attorney, George
F. Lewis, would make any comment on
the bankruptcy proceedings. beyond stat
ing that ''the schedule tells the story.'s
The schedule lists the assets and liabiIi-
ties of Allan A. Ryan. personally and the
firm of Allan A. Ryan and Company, OF
which he was president.
Ryans greatest exploit was his sensa-
tional corner of stutz Motor stock, which,
with his resultant expulsion from the
stock exchange, is held by his friends to
have been directly responsible for his fl
nancial ruin.
Made Clean Sweep.
Ryan and his associates are alleged
to have bought 81 900 shares of the stock
for themselves during the month ef March
and to have used the alleged corner to
force up the price or the stock until it
had reached 1891 share on March 81,
trading in Stutz Motors was suspended
and an indefinite moratorium was de-
c1ared, in which there could be no calls
for delivery of shares. Later at the re-
quest of Mr. Ryan. the stock was striken
from the list.
Governors of the stock exchange after
an investigation declared that CORNER
existed, but Mr.. Ryan defied them and is
said to have made the shorts" settle
for $551.25 a share. netting him profit
estimated at s1,65o,oOo.
Expelled From Exchange.
Shortly after his expulsion, Mr.. Ryan
brought suit for 100000 against Will
liam H. RemiclS, the president of the ex-
change, and members OF the board of
governors several of whom he alleged
had sold Stutz Motor shares Short" Tha
suit is pending. no date ever having been
set for a trial :
Blow to "WIseacres."
Ryan's expulsion from the exchange
was heavy blow to his prospects. the
so-called "wiseacres" generally predicting
that his financial career would be brief.
His father, rated as one of the country's
wealthiest men, was reported to have
privately expressed admiration for his
sons courageous fight and to have Offer
ed to help him, but no public announce
ment of the fathers attitude was ever
made and no help was forthcoming. Faith
er and son had been estranged for years,
the rift between them growing wider
when the father married a second time,
only a comparatively few days after the
death Of his first wife. the young flnan-
ciers mother.