Show lIVES GIVES UP ALL AIL HIS 1118 I RAILWAY INTERESTS Thomas F. F Ryan Severs Sevel's Official Connection With Many Big Enterprises ANNOUNCEMENT T IS lS BOMB Considers That runt Financial and Fiduciary ciary Corporations Will Take All 11 Ills Time New ew York Nov O Thomas 1 19 Thomas Fortune Fortune Fortune For For- tune Ryan multi-millionaire multi and one of or the greatest powers in the time financial night when In a formal statement he world created a n decided sensation to- to announced that he had severed his of official of- of connection with many railroads and Industrial corporations He gave as a reason Inasmuch as ashe he Is closely associated with financial and fiduciary institutions owning hundreds of millions mil mu- lions of assets and deposits belonging to thousands of oC people he lie considered It necessary to sever se his connection With the various arlous corporations with which these se Institutions are arc likely to have hav bm business dealings s. s The announcement of or Mr Ryans Ryan's action had much of oC the effect that the explosion of a bomb might In financial circles in iii the metropolis There Thele was wasa a hurry and a scurry on omm the part of or men whose names are arc household words to fin find out wh why this action was taken and anti what companies Mr rr Ryan had abandoned Mr r Ryan himself declared de do- dared that his f formal mal statement contained contained con con- tamed all that he would sa say under any circumstances and Hem Henry D. D MacDona MacDona Mac- Mac Dona Donn who has been associated for tor YC years rs with Mr 11 Ryan Ran when asked to furnish tho the list mentioned declared It was impossible Mr 11 Ryans Ryan's statement reads as folI follows fol foi- fol- fol I 10 lows VS Will m Have lIa Enough h to DoI Do 10 0 I have resigned from the directorates directorates directorates director director- ates of a large number of or railroad and other corporations My Iy accumulating accumulating accumulating lating Interests and responsibilities render It Impossible for tor me tg LQ attend so man many directors directors' meetings end and to properly discharge discharge- my obligations to the stockholders concerned I 1 havo have also reached the conclusion that I can best servo serve the financial and fiduciary Institutions with which I am ama a associated by severing m my official connection con con- with the railroad and anti Industrial Industrial industrial Indus Indus- trial corporations corporation with which they nece necessarily have co constant stant business re re- re I 8 r hope hope- and and- bel we that th the I 1 prove to t a all t rt for tol or hold m mo me responsible mid of or the tho with whom I haVe sd sO Jon long JOUR been associated HS in the various corporations from lom whose hose boards I 1 have resigned d. d |