| Show LAWSONS OPINION OF thomas W lawslo in bis speech at ottawa kansas on saturday last gave his opinion of Ili omas F ryan the new power behind the equitable life insurance company and his description of the man is not flattering or calculate to inspire any great amount of trust he gave a brief history of the equitable scandal and mid you all know I 1 hollered thief so loudly in my story frenzied jn ancs that the officers and directors of abo equitable life insurance company got alarmed an two factions began grabbing for the control of the institution so as to put the evidence ot past robberies out of sight beffie the people closed in on them they made such v rumpus in their fighting that the authorities were compelled to take cognizance of the scandal and then in tasir panic such a condition of rottenness was uncovered that something had to be done to straighten out it was one of those charp crises which even the system is sometimes confronted with and something had to be dona quickly to appease you american people whose of were involved how did they deal with this terrific situation their bars all down wall street at a standstill the people of the country rising la their wrath did they go out and select corae man of unquestioned probity and character to rehabilitate the devastated institution no hurriedly they mst at night and next morning it was announced to the world that the whole affair had been properly fairly and squarely settled and that the people need have no further fear for the safety of their surplus for one thomas F ryan had purchased from the discredited hyde five hun ard and two shares of the equitable tor two and a halt million dollars and that he would see that one else got avy bilth the hundreds of millions of our savings which the great equitable company holds you must know that these alve hundred and two shares for which ryan was willing to pay two and a half millions are only entitled legally to receive per annum in dividends and are actually worth at the outside not more than As his represent mr ryan appointed paul morton fihs ihs rebate giving vice president of the atchason Atch lson railroad to manage the corporation and to see to it that you policy holders are given a square deal who are these two men to whom you are asked to anist the BUR port f your wives and children and mothers in case of your death perr 1 know neither of them and in their individual capacity I 1 am told they are arewood fellows mr ryan they eay la q generous and whole gentleman who gives back to the peo pie in charity just as other good tel lays do roell on each of the dollars i he tabes arom the peaple in business mr borto morto I 1 read the other day is a first class man and the man aho vho said H said he knew and his say so was good enough for me for he is one 0 dame fortunes pets one of natures pickings the best man in the country today president roosevelt but about ryan brou trou may have read what a certain baltimore banker of high reputation and standing john williams president of the seaboard air lin has been telling about the manner in which be obtained control of this important railway system for a comparatively small sum of money and bow since n defiance of promises and agreements and other pledges be has held on to it bleeding it to tho extent of by his clever manipulation this distinguish ed baltimorean points to the new owner of the equitable as a conscienceless man whose strongest is to gain money and his one robust passion to keep it patient emotionless able be Is an acquiring machine and operates herself for tha purpose of getting ahat others have says banker williams it was this ryan who emerged uh a railway franchise on broadway the basis of the present metropolitan railway system from the jake sharp hoodie scandal in new york he helped W C whitney acquire the ard 3rd avefua railroad after forcing down its stock in the market and cornering its owners he formed the notorious tobacco trust and also tha national bank of commerce in new york and be Is now working to secure the building of the new york subway indeed he is on of the very choicest depre senta tivee of tho genus tr ended financier in this country today and in executing the immense projects he has tha daring to conceive he Is deterred by no scruples it is not so many years ago that this thomas F ryan soon after putting together the various sub companies which form the tobacco trust had been balked in floating some hundred odd millions of bonds and stock on the public at three or four alme their real value and was tor ready money at about this time a new york hank ex pounced down suddenly on one of his trust companies among the securities of this the stata company was a note signed by one dan shea tor As it was a criminal offense for the trust company tt loan on any one name never mind how good the collateral over a small fraction of the amount of note tha examiner called n the officers and directors and aavo them a choice of telling what they know about mr shea or summoning them beores the grand jury there upon mr ryan boldly announced that shea was 14 year old office boy on a week this is the same thomas F ryan who has been called in as tha savior oc the ers of the equitable with its odd ol 01 accumulated funds he is a sturdy and powerful person this samo ryan nd it you thanh the discovery ot this transaction phased him iou dont th caliber of a wall street n anner ho weathered the all right transferred all bis tobacco blocks and bonds to tha morion company and calmly pursued hh accustomed bays today be Is credited with possessing and he Is young yet and still a coining as they say on wall street |
