The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-02-14
aim JURY IS AT WORK
!. r,,e Of Arnold & Co. and The
!. Iurf Investment Companies.
/, 70 Be DRIVEN FROM MISSOURI
,.,,,sy Says the Get-Rieh-ouIok
tsS' ~ A.. 70 Be Closed Up Per
sN'' nansntly in St LOUIS.

Fsnruary lS,--The grand Jury
y loOls IFS Investigation into the
vir n the turf investment companies.
rss9as Ia head Of the company which
Is ] nI -s,e. left Hot Springs, Ark, last
ti'' ~ rsyblv for ST. Louis, hut he could
but So, So for an interview this fore
|Ff % s.nr+v sheritfs are out looking for
~ !. ~ ssrTe a grand jury summons Crowds
y people still beSese the Offices
n ~ various Investment companies
K ~ rone Is paying ont money today A
aslp ,,d was placed at Arnold & Co.'S
s' .adsy to prevent the removal OF any
f'N 1snars. A. subpoena was issued
t1S q j. Arnold, with papers and
afy ~ INC an his methods OF doing bust
MS - RYAN and the books Of his
~ 'O sIso we're brought before the
r1a .S ITly' Of the present state OF affairs,
S esnIsst attorney said; The law n
I, enG~ md the Federal laws are def
hSouiL, This line Of cases Just what
d.al " rs will make will depend on this
aiisss .son whclh will last several days.
sTss.htos is oertsin. the get-rich-quick con
ts Inst he driven from Missouri. They
!. onersts no longer IN 81: Louis.
~ make her name public. stated
WY. n-sspnt f. J. Arnold & Co. has
4 wy a. lavestors. The receipts nj this
wv" the employe says, averaged 49,
y ~ rand ryrS Jury has dropped all other
" n order 10 rush this particular in
NJ, The investigation is being conduct.
wv, ,or the statutes which provide jail
.s s.ys and heavy fines for frauds perpe-
d ..,I ,bronrh the medium Of promises of
+ ..st, an Investments which are impossible
!, tsImen+ The members Of the com.
n -n,.s sppointed by the Missouri senate to
4 .-.s4lsgta turf investment and similar
f s-n,Sles, will arrive IN St Louis this
cs9l1, Snbpoenas have been issued by
y 4, sas,mittee 10 representatives ~ all the
4 ~ Investment companies operating here.
n ,.i ,Ss following firms. as we'll: Price
"a l.-nlssion company, Clcag Commission
II .-s,nT, Brooks Grain and Commission
u s-rsnv. Rialto Grain company. North
N ,rsrIesn Investment company, Celia In
II rTnent company, Donovan Commission
u nv legislative committee is composed of
n ss-,cs Martin Of Saline, Nelson Of St
n rsss McDarid Of Springfield. Noris OF st.
n 1tph and Jewett Of Kansas City
Il INVESTORS LOSE HEAVILY.
Il CIcase February 10 Three turf invest
,,rt company Offices were searched this
n rtsrncon by detectives and number Of at
ass we're arrested The head Of
81 hrth concern, warned Of the proposed
4 rrsnent made his escape before the dc
n p5ira arrived, The different firms Wis
led by the police were the II. Brolasky &
rnpss, 1856 Dearborn street; Benedict g.
Al a. rsom 7oS, 225 Dearborn street; the
- WI Continent Investment company, 1S5
Fl Iarboin street snd A. T. Demorest &,
o. % the eighth floor Of the Temple
gg5 building, Dearborn and Quincy
E;ssR When the detectives reached the
isrorest place the president Of the com
81 NY A. ], Demorest, could not he found
q there was A number ~ patrons In front
81 II be boxed doors clamoriug for payment.
NJ raids followed q general police order
does all turf exchanges in Chicago. Dur
NJ De raid al Benedict & CO. s office 2
'V1NE Of men called TO ask that the
rsasI they had entrusted with the com.
nty be returned 10 them. collector for
u Collection department IT the Continent
National bank had claims aggregatlnc
sTsial Thousands If dollars, most Of which
nt eesn made by our-of town patrons. The
stH heads Of the company have the
NM q John W Benedict az secretary
~ " treasurer and W. Curtis as manager
Y parsons az work In the office said that
tG aad never seen Reuedict, hut that he
III rs probably at the main Offices at South
~ sld Ind.
lhge are numerous other turf invest
sN Establishments In Chicago. and fur
w ial1s BY tae police probably will be
MElle tomorrow.
Although NO definite estimate Of the
-olnt lost By investors can he made nj
resent. II Is said the total will run into
laieds OF thousands Of dollars.