The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-02-19
Get RICH QUICK
FIRMS DOOMED
New York Police ScOur City
in Search Of the
Grafters.

NEW YORK, Feb. 1S.-Central de-
tectives are securing the city today in
search of "get-rich- quick" firms. They
are making a canvass in all the big
office buildings on lower Broadway and
in Wall street.
Wherever they see the word Invest
ment" on an Office door they make in
quiries concerning the business of the
finn occupying that office.
There are more of these fellows
left" Detective Captain Langan said
today, I'm going to get them if I can.
It is not easy to locate them. They
rent expensive offices in big buildings
and signs on the office doors are not
always indicative of the business that
is going on within. Most of these
fellows we have caught to date we
have had pointed out to us through the
complaint of some one who has been
swindled.
"a great majority of the victims in
these turf swindles are women who
have been specializing without the
knowledge of their husbands or fam
lilies. We have found, too, that quite
g, number of young boys and girls en-
ployed in down town offices have been
customers of these concerns and we
Ore trying to get some of these persons
to prosecute the get-rich-quick men,"
Detectives made a raid on the offices
of Burns, Wallace & Co. and Dan
Smith" today and arrested David C.
Barnum, a clerk, and Ernest Mat
thews. The charge was suspicion of
having committed larceny. The two
prisoners were arraIgned before a po-
lice magistrate and Barnum was dis
PhQrO06 MaffhnIvC held in 81 S00
bail for examination tomorrow.
The detectives say that the arrest
was in consequence of an ADVERTISE
ment which appeared in a Sunday pa
per over the names of the firm, in
which it was announced that a num-
Der Of prominent horsemen had placed
in their hands a sum Of $4,000 to be
bet on a horse in a race to be run to-
day. The advertisement stated that 1t
had been decided to allow a certain
number Of persons to participate in the
good thing and that sums of not
more than $25 would be accepted until
the firm had received $4,000 in addi-
ton to the $4,000. The detectives say
that the advertisement was signed
Drank Kelly" and that they waited in
the postoff1ce building and saw Bar
mum go to a box and take out some
mail addressed to Frank Kelly.
They allege that Frank Kelly is a
name used by persons who operate I'M
der the name of Dan Smith and Burns,
Wallace & Co.
Charles E. Rand and Joseph Reagan,
of G. E. Rand & Co., turf spectators,
who were arrested yesterday charged
with attempted larceny, were discharg-
ed today for lack of evidence. The
nj h.
flee authorities.
One Firm Quit in Time.
Il CHICAGO, Feb. 18.-The offices of
Mason. Teller & Co., suspected of be-
ing fraudulent turf investment con-
Germ, was visited by the police today
for the purpose of raiding the place. It
was found, however, that the concern
had apparently gone out of business
and was preparing to move their Office
furniture. A circular was confiscated
which showed that the company had
been driven out of business by the
publicity given the methods of turf in
Vestment companies by the recent
raids.
Receiver for Arnold.
ST. LOUIS, Mo-, Feb. 1S.-On appli-
cation of Sale & Sale, attorneys for
number of creditors of the E. J. Ar
mold Turf Investment company, the
United States district court today ap-
pointed S. L. Swarts receiver for the
estate of E. J. Arnold. He qualified
in bonds of $4,000.
AS receiver under the courts order
Mr. Swarts has authority to take pos
session of the property belonging to E.
J. Arnold wherever found in the United
h. Of oil
ors.
The receiver has aScertained that
there is from $4,000 to $4,000 in the
Boatmens bank and that there are
horses at Memphis, New Orleans and
San Francisco belonging to Arnold. 1t
is expected that legal complications
will arise in claiming property in
the different places that has been at
tached by individual creditors, but the
receiver will be able to get all the as
sets without much trouble, 1t is said.
A suit of attachment was filed today
in the circuit court by Leonard NJ. AL
len, representing a number of security
holders, to recover S15,6S5 from the In
ternational Investment company Will
liam J. Hogue, head of the company,
has left the state.
A petition in involuntary bankrupt
cy was today filed against John J.
Ryan and o. w. Deppler, operating un-
der the firm name of John J. Ryan
Investment company. The hearing is
set for March 5. Ryan is in Cincin-
natl.
ArnoId's Horses Disappear.
SAN FRANCISCO, Cal, Feb. 49,
The string of horses raced here by E..
J. Arnold & Co, since the opening Of
the season, has mysteriously disap-
peared. Tom Kiley, the trainer left
here suddenly last night, presumably
for Memphis, with the string. Some
days ago Kiley attached the horses for
$500 and. yesterday they were taken
from the track at the request of the
sheriff. Kiley paid the money to re-
lease the string, and pulling the horses
on the cars, left on the evening train
He took FitzbriIlar, Stuyve Irene,
Lindsey, Felix Bard, Will Shelly and
some brood mares. He sold EthyIene
and Peaceful to William Cahill, and
Bessie Mccarthy to Calen Brown. P.
M. Hennessy, one of the Arnold agents,
has also disappeared. There was a
rumOr in circulation that Kiley might
go to Mexico with the horses.