The Birmingham age-herald., 1903-02-19
TURF INVESTMENT
 AND THE VICTIMS Birmingham Men Had Conf-
 dence in Arnold.
LOOKED AFTER BUSINESS
Benedict & Go. of Chicago Paying Creoitors-Breezy Sketch of John j. Eyan, Whose Nickname
 Was "5aIdy."

Birmingham investors in the turf in vestment companies are still eager for any news from St. Louis. It is now felt that at least $50, GOO has been lost in Bir- mingham by the failure of E. J. Arnold & Co.,
 While other turf investors have patrons in Birmingham. none of them operate on so extensive a scale as Arnold's company, for the business of other concerns has. not been so well looked after.
 Since Arnold's representative, MT. Michael, was here in December, local investors in his company have had thorough confidence in 1t. They were certainly made to feel that MT. Arnold was a very capable business man.
 Banquet at the HilIman.
 Mir. Michael gave a banquet at the Hillman to some of the largest investors. and inasmuch as the company at that time had about $25.OOO on deposit with a local bank, they had the greatest confi- dence in the firm he represented
 MT. Arnold looked after his affairs so closely that MT. Michael was required to call him up every evening in St. Louis over the long-distance telephone and re- port to him the days business and de- velopments.
 Since E. J. Arnold left Hot Springs he has not been heard from, although the police in every town in the country are looking out for him.
 The St. Louis police department has sent out the following circular regarding him:
 Wanted for conspiracy and fraud on indictment in this city: E. J. Arnold, alias Davis-Age 40 years, feet inches, 17O pounds, smooth face large nose. brown or sandy hair, wears black Fedora hat; always dresses well; of good habits; well known to race track follow CTS as Edward Arnold, and to older race
 .ple as Ned Davis; has been a race track follower for years; makes Hot Springs, Ark, his home every winter.
 Benedict 6 Go. Paying.
 Concerning Birmingham patronage in other investment companies. Benedict k Co. of Chicago have been paying off all demands made for a return of money. man remarked yesterday that it was quite coincidence that the man running the largest concern of the kind In Chicago was named Benedict and the head of the largest one in St. Louis was Arnold.
 There are a good many Birmingham people interested in J. J. Ryans com pany in StALouis. Ryan was arrested on Tuesday ch&rgod with conspiracy to de- fraud. He gave $60OO bond and was re- leased.
 Sketch of J. j. Ryan,
 The following sketch of John J. Ryan's eventful career appeared in the Globe Democrat.
 Nickname-"Baldy.'
 General Character-Sporty: wears loud clothes and the biggest diamonds he can get. Likes to hear himself called Honest John." Equally fond of drawing big pistol or a flashy bank roll During the heyday of the turf investment craze he went from one saloon to another fol- lowed by a flunkey with satchel full of bank notes. Carried s5OOO bills in his vest pockets.
 Police Character-Gun fighter; has killed his man.; quick to draw and shoot.
 Born at Price Hill, suburb of cincin- rati in 1866
 Forced to shift for himself when only Il years old
 Proudly asserts that he never worked for any man"
 Ran messenger and express office in Cincinnati until he was 20 years old, when he removed to Kansas City There he operated as a railroad contractor in a small way.
 Ryan was always a "plunger," and in 1889 made considerable money at the Okla homa land opening.
 He came to St. Louis in 1890 and opened a saloon at Grand avenue and Cherokee street. selling it soon after.
 At an early age he acquired a thorough knowledge of bookmaking and soon be- came a familiar figure on race tracks. He was lucky in his bets and bookmakers feared him.
 After operating in St. Louis for a while, Ryan went east, where he won consider able money on the race tracks. At Fort Erie N Y, he was ruled off the turf for alleged ringing"
 Upon his return to St. Louis in 1900. he opened a saloon near Tenth and Olive streets, and later formed partnership with "Cuddy Mack John J. McGillicud- dy), opening another saloon at Sixth and Morgan streets.
 Ryan always went armal, and two years ago shot and killed Red Houli- han, a notorious character, at "CuGdy Macks" saloon. He was arrested, but no indictment was ever returned against him.
 In January 1902 Ryan was shot in the back by an unknown assassin while he was standing on Twelfth street opposite