The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-02-19
THE WISDOM
OF Pr SHEEDY
Big Gambler Tells How Morgan,
Gates and the Investment Con-
Germs Play the Game.
He Calls It the 20. P. NJ. System" -
It Is Played With Other
Peoples Money.
Senator Burton Of Kansas and the
Investment Companies st.
Louis Developments.
New York Sun Special Service.

New York Sun Special Service.
st. Louis, Feb. 19.-Patrick f. Sheedy,
the best known gambler in the world, has
arrived in ST. Louis to apply for a worlds
fair concession for clients in Turkey and
Smyrna.
Mr.. Sheedy says they wish to exhibit
oriental rugs and other things and that
he may remain here several weeks in their
interest Discussing the local turf invest
ment scandal, Sheedy said:
IT don't know Arnold or Ryan, but I've
heard a lot about Ryan. From what they
say Of him in the east he must be dead
game gambler.
'ln trying to make a million or SO
year out Of his turf scheme Ryan is pretty
near the same as J. Pierpont Morgan in
his schemes. The only difference be-
tween Ryan and Morgan is in Ryans IA
vor.
Morgan is sure thing gambler: Ryan
takes a chance. They tell me he'd ut
his last dollar on race. John w. Gates
isn't like Morgan. He's the biggest sport
I ever saw in any part OF. the world, and
I've been all over it. But Ryan and Nor
gan and Gates and Arnold play the same
system.
The O. p M. system call it. That
means Other Peoples Money. It's the
same system the girls play at Monte
Carlo. Morgan plays the 0. P. M.
| system.
II have sympathy for the poor people
who are reported to have lost money with
Arnold and Ryan and other ST. Louis
speculative concerns. But for those who
could afford to lose have none. There s
no false modesty about Patrick. He's
for getting all the money from rich men
he can If anybody can show any
scheme where I can get some of the rich
mans money I want to buy my way into
1t at once.
I'm on the square now. but I'm willing
to shift if anybody can show me that I'll
be a winner by doing so'
Senator Burton Is Named.
Information reached the circuit attor-
ney to-day that United States Senator
Burton of Kansas had been extensively
used as reference for the National Sc
curities company, and that hundreds of
persons had been led to invest with the
company because of the use of his name.
AT the offices of the National company
the bookkeeper said:
Senator Burton was a depositor with
this company and gave permission tC
use his name. The inquiries directed tc
him regarding this company became sc
numerous that Senator Burton decided tt
withdraw. He was in less than a month
and, as understand it, received no inter.
est, as we do not pay for less than q
month";
Manager Brooks said that the inforraa.
ton given by the bookkeeper was correct
Judge SIdener to Resign. .-
Judge George B. Sidener has announced
that he will tender his resignation in OF
der to resume the practice of law as h.
desires to defend some Of the managers O
the get-ricl- quick concerns, who hav
offered him handsome fees to represen
their interests "-H ~.
Judge Sidener has been the most talked
about police Judge St Louis ever had. Hi
reputation has been assailed a dozel
times by newspapers and individuals, an
he was once Investigated by the mayor
but acquitted Of the charges of malfeas
ance in office. His common sense rul
ings brought him fame. He held tina
a, woman has a right to pick her hus
bands pockets if he does not give he
enough pin money, and that a dog has
right to bite any one who ties a can t
Its tail.
Yesterday Judge Sidener appeared to b
indisposed when he came to court owe
an hour late, and after a, short session
which was startling for it's incidents, ad
5ourned the session. saying he ''had
headache and could not See.''