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Home-rule from Abilene, Kansas • 15

Home-rule from Abilene, Kansas • 15

Publication:
Home-rulei
Location:
Abilene, Kansas
Issue Date:
Page:
15
Extracted Article Text (OCR)

HOME-RULE PAGE FIFTEEN July 4, 1907. most expert students of "form" in the country. Its testimonials are so away from. St. Louis In the night.

Arnold was indicted and never 'prosecut- States district attorney, offered him immunity, offered to dismiss the case, if he would testify to facts showing that Major Dennis had employed me for the purpose of preventing the is strong and from such worthy sources as 'to be convincing to the most bigoted. Upon advertisements in the daily J. Arnold pioneers, originally paid 5 per "cent a week on all investments. A Recently dividend was cut down to 2 per cent. Other concerns pay from 2 to 7 per cent a week.

The minimum investment accepted is $50. The several concerns advertise that they are engaged in the business of raisin their own horses for Durses newspapers the turf investment com suance of a fraud order against him. "Tha nmnnam la nnt strnnp -nn ev- panies depended for returns, the JL UV VUUVVl AAWW PVS. VMQ V. This offer was made to ex-Senator travagant promise, but it presents overwhelming evidence of the success William E.

Mason, of Chicago, the at torney of Brooks. Brooks answered purchase of newspaper space Arnold Co. was the most liberal. Their advertisements seldom occupied less than a full page in the big dailies, and the most exaggerated statements and hat he knew nothing at all about my employment by Dennis, and that there and operating books on race tracks and in pool rooms, at other places. They insist that the expert pencilers employed to make books for them can not lose.

They draw upon the public experience in individually back was nothing he could testify to about that matter. He was then tried and convicted and sentenced to the peni- extraordinary promises were often made. The Sunday papers were the favorite medium. The following is a entiary for eighteen months and fined sample of their advertisements. It was printed in display type: His case was pending on appeal "One of the unique developments of when my trial came up.

He was produced as a witness and testified, sub enterprise of these days is the co-operative stables of E. J. Arnold of St. Louis. It is a further demon that has attended its operations in the past, wherever it has done business with the public.

Those who have profited by investing with the institution are enthusiastic in endorsement of all that the company puts forth in the way of assertion as to its ability to produce the results sought for in all investment profit. "Mr. E. J. Arnold, personally, is very popular with the horsemen and is generally well liked by patrons of the turf of the better sort.

The Arnold stables are not to be confounded with any betting scheme whatever. They are a regular licensed business, under the laws of the state of Missouri. The E. J. Arnold Company is highly recommended by the Commercial Agencies, and inquiries at the banks, with which the company does business, is met with the response stantially, that Mr.

R. H. Kastor had said to him in my presence that I had stration of the truth of the adage that 'in union there is a been employed by Dennis to prevent a fraud order irom issuing against natural logical development of the him, and that I had been successful ing the bookmaker for corroboration. "Some of them advertise that they own profitable breeding farms, others verbally inform stockholders that they successfully speculate in lotteries, occasionally a co-operative concern, winning plunges, or a good thing (horse fixed to win), is widely exploited by the press agent. "The advertising bills are enormous.

The running expenses of the business are a stupendous item. The dividends promised are 2 per cent a week, or 104 per cent per annum, minimum, and 7 per cent per week, or 364 per cent per annum, maximum. There are at the lowest estimate $10,000,000 original idea of pooling as a method of turf investment. more than protecting Dennis before the post- office department. four years the company's operations Afterwards his case was affirmed, have been signally successfully, not and on the recommendation of Col.

only to themselves, but to their pat rons among all classes of people David P. Dyer and the attorney general he was pardoned by the Presi throughout the country. "By combining the investments of that 'the company; is that it keeps its agreements and that it des business in a legitimate, business-like many, Arnold nave organized dent. They had every reason to know, and it would seem any rational man in their position would know, that Brooks was committing perjury when he testified as he did against me. But invested in the several co-operative one of the best and strongest racing way.

turf concerns throughout the country. stables in the West, which, operated "Everything about the enterprise When it is remembered that $20,000, it was from evidence like this that I has been conducted, for some years, 000 must be earned in one year to pay in connection with their bookmaking enterprise at the best tracks in the country, has proven so uniformly was to be convicted. Brooks being set upon the The concern brings effective business endorsements from the promised dividends, and that it cannot come from any source except the money in circulation on the three free, left the score clean against all the criminals, who for years operated profitable that the concern has been enabled, so far, to pay a fine, big divi the financial elements of every place in which it has operated or is oper the get-rich-quick concerns St. race tracks now operating at New Orleans. San Francisco and Newport, dend to everybody interested, at the end of each week.

ating. The Arnold Company's future Louis. operations may best be estimated I do not want, even by innuendo, to "Arnold Co. have made racing and the difficulty of fulfilling all the prom ises can be understood." from the strong testimonials given by make any false charge against anyone. the investment of funds upon the out those who have done business with it But I have given enough facts about After Arnold and Gill, the most come of racing a scientific study.

in the past." these get-rich-quick concerns to show prominent turf investment promoter They have discovered the way to that Judge Elmer B. Adams, who was Shortly after the aboie was pub in St. Louis was "Baldy" Ryan. Four make good judgment pay, by operating lished another advertisement occupy days after the collapse of the turf with funds sufficiently large to return a profit upon all "ventures within a ing five columns in the St. Louis Sun concern, the Post-Dispatch published day papers was published under the Ryan's police record, under the ol- given time.

That is to say, with a heading, "Daily Scene in Great Invest plentitude of funds, it is possible for ment olnce. Among tne announce- tell the tale of "Baldy" Ryan's career; ments made in the ad vertisemnets notched pistol and scars, marked in a good mathematician to make investment upon turf events so as to preclude the possibility of loss. This can be done, and why cannot: the same were "Security and permanence are cident in life of turf investment pro visible on all sides," "Nothing left to moter. Among the most noted incidents in chance," "In the hands of good "Good investments," "Subscribers sat Ryan's career, the article gave these isfied," "Guaranteeing two per cent "Ryan has killed his man. thing be done upon a number of events Thus far, the theory has worked out to the financial satisfaction of every one who has invested in the company.

It is the old story over again of the bundle of sticks." The weekly dividends." This advertise He seldom walks abroad without -be ment referred to Arnold and ing armed. He formerly was published in the St. Louis daily United States district judge at St. Louis all the time these criminals were swindling the Ignorant and credulous out of their hard earnings, cannot be innocent morally of a neglect of official" duty. He is a rich man, a business man of excellent judgment.

He passed almost daily the doors of these gambling dens. He saw whole pages of advertisements in the St. Louis newspapers. They appeared frequently covering a period, of years. He could not read these alluring advertisements and remain ignorant of the criminal purpose behind them.

He could have called a grand jury at any time, and instructed it to inquire into what they were doing. One such inquiry would have resulted in breaking them up, and if followed by honest prosecutions would havejanded all of these criminals in the penitentiary. Judge Adams in this matter cannot be heard to say, "I am not my brother's keeper." But if Adams is. culpable what must be said of the conduct of Col. David P.

Dyer. He was owned the Metropole saloon on Olive street, and later owned a saloon at papers just fifteen days before the col sticks may each be broken separately, lapse of that concern, and the loss Sixth street and Franklin avenue. but, bound together, they cannot be millions of dollars to the investors in that and other similar swindling or broken by any power, even representing the' multiplication of the force necessary to break one stick by- the number of sticks in the bundle. The As a bookmaker at the old South Side race track, he once 'welched' and got away with the money. The track management was gariizations.

On February 17, 1903, eight days best test of the theory, as of any the- after the turf investment bubble ex forced to refund It to the betters ploded, the postoffice officials in St ory, is that it works out into fact, and Louis received orders from the de that the enterprise of Arnold Co. in 19U1, in his saloon on Franklin Avenue, Ryan shot and killed 'Red' Houlikan. He poked his partment in Washington to hold al has; done this, there is abundant tes mail directed to E. Arnold Co timony from men in all parts of the pistol against Houlikan's abdomen, and John J. (Baldy) Ryan, the Nationa country.

i fired. Members of Ryan's own gang Securities Company and the Christy were the only witnesses, and he was "So successful has this concern O'Neill Syndicate. not even indicted." been that they have been copied by The National Securities Company It will be remembered that it was every turf Investment scheme in the country, but the Arnold organization is, by far, the strongest of all such Ryan who made such a "good im was organized by one Charles Brooks, in the month of January, 1903 upon the postal employes-in Washington. He escaped prosecution some four or five weeks before the enterprises, by virtue of its greater financial potentiality, its superior In the federal court at St. Louis.

The collapse of all of these get-rich-guick concerns. So this company ran only Post-Dispatch also declared that judgment and scientific analysis of the Government's prosecutor. He had at his call inspectors, secret service men, detectives, without limit. These criminals were operating within the shadow of the Government building. He knew all about their methods.

He knew the law that applied to their cases. He had no trouble in convicting Brooks, the least of the criminals. He could have closed every one of these get-rich-quick concerns in a day, and could have sent every one of the men running them to prison. It was liis plain duty to act. He did not act.

Why? They swindled the poor events. It is without doubt the most a very short time. Brooks was the only one of 'the entire party who was reliable of all such institutions, sim Lumpkin A. Gill, of Arnold sailed under an alias, that his right name was Gill A.Lumpkins. It also declared that E.

J. Arnold was known ever prosecuted. Nearly three years ply because it has produced, in every afterwards, when the statute of limi tations had well nigh run in his case case, the results as promised, and it has produced those results to the benefit of the most experienced and he was indicted, charged with as Jim Davis in some parts of the country. The federal authorities were exceedingly lenient to both, of these men. Gill was permitted to steal fraudulent use of the malls.

Before skeptical of turf investors. It has won the admiration and support of the his trial. Col. David P. Dyer, United.

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Pages Available:
662
Years Available:
1907-1908