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CONCERNS TO BE AVOIDED. . The "turf investment company" operating tinder the style of E. J. Arnold and Co. has suspended payment of its stock certificates, on demand, and all sorts of rumors are rife as to its financial condition. Its officials claim that it is solvent and that the privilege of withdrawing money invested on demand has only been suspended temporarily because of a pending investigation by the legislature of Missouri. The affairs of this concern have probably been more carefully and conservatively managed than those of, any other of the many operating on similar lines, but it and all of the so-called turf investment companies are bound to go to the wall in the long run because it is impossible to meet their extravagant promises and preposterous rates of guaranteed dividends for any great length of time. People who invest in such concerns deserve to lose their money. Those who have been or may be able to withdraw their investments may well thank their lucky stars., The others will be the inevitable victims left to mourn the demise of all get-rich-quick concerns. They have only their own folly, Ignorance-and inordinate cupidity- to blame. Daily Bacing Foeh is unalterably opposed to such unhealthy parasites on racing and has no hesitation in declaring that it is impossible for them to carry out their professions. This is with the full knowledge that more than one concern has for a time seemed to transact a prosperous business. In the long run they will all break. The readers of this paper are warned to steer clear of them.
