LEAVES SON TWO STUDS

Manawatu Times, Volume LIV, Issue 6902, 7 May 1929, Page 4

LEAVES SON TWO STUDS

MILLIONAIRE’S EXTRAORINARY WILL GRANDCHILDREN WILL BENEFIT Publication of the text of the will of the late Mr. Thomas F. Ryan, disposing of an estate estimated at between 100,000,000 dollars and 500,000,000 dollars (£20,000,000 and £100,000,000) shows that the report current recently that he had cut off his son, Mr. Allen J. Ryan, who is now residing in Montreal, was correct, says an exchange. “I give and bequeath my white pearl studs to my son, Allen J. Ryan,” is the wording of the will, which leaves the bulk of the fortune to the widow and other children, but the children of Mr. Allan J. Ryan will share with the other grandchildren in certain trust funds.

The difference between father and son is understood to have been when »Mr. Thomas Ryan contracted his second marriage, but it was accentuated when Mr. Allan Ryan became involved in speculation in Stutz Motor shares, the break in the price of which, in 1920, was followed by the young man’s bankruptcy two years later. The will of Mr. Thomas Ryan revokes all the bequests to any beneficiary who undertakes legal action against it.—Reuter.