Royal's New Fortune

At the Royal Typewriter Co., world's biggest producer of typewriters, no name is more regal than Ryan. The company was founded 47 years ago by Thomas Fortune Ryan, a tycoon who controlled a billion-dollar empire of banks, railroads, insurance, mines, utilities, tobacco, etc. His grandson Allan A. Jr. is now chairman of the board. Last week Allan's younger brother, Fortune Peter Ryan, who inherited $3,300,000 from his grandfather,* stepped into the Royal presidency.

Yaleman Pete Ryan, 40, started his tour at Royal as an apprentice mechanic, shifted to the sales division. After serving as an Air Force captain during World War II, he was elected a vice president of Royal in 1948, now succeeds Maxwell V. Miller, who died last month.

*But his father was left only one set of Thomas Fortune Ryan's best pearl shirt studs. Reason: he declared publicly that Tycoon Ryan's remarriage two weeks after his wife's death was "the most disrespectful, disgraceful, indecent thing I ever heard of."

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