The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-27
A CARD.

Offices of the E. ]. Arnold & Co. CO.
Operative Stables, st. Louis, Mo.
To our Friends and Patrons:
Over three years ago when we started
our cooperative stables, there were no
Turf Commissioners or Cooperative bet
ting propositions in existence so far as
We knew or ever heard of, but after we
became an established success, our
methods were initiated by irresponsible
people everywhere, until the country was
full of such propositions Most of these
concerns advertised greater earning car
pacity and larger dividends than we were
paying as reason why investors should
patronize their propositions; and, we re-
greet to say they were instrumental in
inducing great many to withdraw rom
us and give their money to them. as is
evidenced by endorsements on our checks
which were sent in settlement of ae-
counts with us. Nearly all of these,
however, have since been put out of
business, having lost the money and the
confidence of their patrons, and their
failures have resulted in runs on US
every time one occurred, in consequence
of loss of faith in all Turf investments.
That we have met all Withdrawals
promptly on the day of presentation, is
evidenced by the fact that we hereby
challenge contradiction and publicly as
sert that there has never been a time
since our organization in which we were
not perfectly good for our every obliga-
tion and promise.
We do not wish to be understood as
implying that we have the only reliable
rf hot
have weathered the storm of the many
failures and are doing business today,
but speaking for ourselves, personally,
we want to impress upon you that the
confidence that you have given US has
not been misplaced
During the entire existence of the firm
of E. ]. Arnold & Co., we have never
failed to pay weekly dividend to every
investor with us of at least as much as
three 90 per cent on the total amount so
invested, and it has averaged more than
this, year in and year out. Last year,
1901 we paid for the So weeks a total
of s312.73 profit on each 500 handled
On July 1st, 1902, we changed from
paying pro-rata to a fixed dividend of
three 90 per cent net, guaranteed each
and every week. This we agree to pay
under any and all circumstances. AS to
whether or not We shall be able to do SO,
we present our past record and the
testimony Of our Banks to the effect that
We are, on the strength of our large re-
serwve capital, fully responsible for every
obligation.
We trust that you will not associate
us with any "get rich quick schemes.
Ours Is legitimate business, licensed by
the State of Missouri We own and man
age one of the largest and best racing
stables in the West, as may be confirmed
by reference to any Racing Association
in America We are Book-makers at the
various tracks. and judging from the
encomiums Of the press, we believe we
are well and favorably considered wher-
ever horse racing is known.
AS to our personal responsibility and
solvency, we can give you unquestionable
evidence that we are perfectly good
Not only the evidence of our personal
friends, but of Banks, Trust Companies,
Commercial Agencies, reputable business
men of st. Louis and prominent men
everywhere.
Any further information that you may
desire about us. we shall be pleased to
furnish. Respectfully,
E. ]. ARNOLD & CO.
E. ]. ARNOLD & CO.,
Benoist Building, St. Louis, Mo