The Birmingham age-herald., 1903-02-14
FARNOLD'S BOOKS
 ID BE EXAMINED
Records Seized by Deputies on
 Order of Grand Jury
ALL OTHER WORK DROPPED
Turf Investment Offices In Chicago Are Raided and Officers and Clerks Put Under Arrest-lnvestors
 Still Hang Around.

St. Louis, February 13.-All books and records in the office of E. J. Arnold & Co. was seized by deputy sheriffs under orders from the grand jury today and carried to the circuit attorneys office. They will be examined by the grand jury
 John J. Ryans books were produced on a subpoena.
 The grand jury has dropped all other work in order to rush this particular in- quiry. The investigation is being conduct ed under the statutes which provide jail sentences and heavy fines for frauds perpetrated through the medium of prom ises of profits on investments which are impossible of fulhlment.
 The members of the committee appoint ed by the Missouri senate to investigate turf investment and similar companies will arrive in St. Louis this evening.
 Subj oenas have been issued by the court to representatives of all the turf in- yestment companies operating here. and the following firms ae well:
 Price Commission company Cleage Commission company, Brooks Grain and Commission company Ryalto Grain com pany, North American Investment com pany, Celia Investment company Dono- van Commission company
 The legislative committee is composed of Senator Martin of Saline, Nelson of St Louis, McDavd of Springfield, Voris of St. Joseph and Jewell of Kansas City
 Clerks In Chicago Arrested.
 Chicago, February 13.-Three turf in- yestment offices were searched this aft ernoon and number of clerks were ar rested The head of a fourth concern, warned of the proposed move made his escape before the detectives arrived. The different firms visited by the police were the T. H. Brolasld company, 356 Dearborn street Benedict 6 Co.,, room 703 225 Dearborn street, the Mid-Continent Ip+ vestment company. 1S5 Dearhasn. street, and A. J. Demorest &.aC9., on the eighth floor of the Temple Court building. Dear born and Quincy streets. When the de- tectives reached the Demorest place, the presidenFof the company, A. J. Demorest, coud not be found and there was a num- per of patrons in front of the locked door, clamoring for payment.
 The raids followed a general order to close all turf exchanges in Chicago.
 During the raid at Benedict & Co.'S of flee, number of men called to ask that the money they had entrusted with the company be returned to them. col lector for the collection department of the Continental National bank also called Each had claims aggregating several thousands of dollars, most of which had been made by out-of-town patrons The letter heads of the company have the name of John w. Benedict as secretary and treasurer, and W. Curtis as manager All persons at work in the office said they had never seen Benedict, but that he was probably at the main offices at South Bend Ind
 There are numerous other turf invest ment' establishments in Chicago and fur ther raids by the police probably will be made tomorrow.
 Although no definite estimate of the amount lost by investors can be made at present it is said the total will run into hundreds of thousands of dollars.