HERE ARE PLAUSIBLE ARGUMENTS. This is one argument of a firm of so-called "Expert Handicappers" of New York City, who bet on the races: "There has never been a week since we started in business when we did not pay a dividend. The smallest dividend we have ever paid for any one week was $6.50 for every $100 invested. We average about $9.50 per week on each $100." "An investment with us is safer and brings better returns than bookmaking or any other form of speculation." Here is an argument of a firm of so-called "Turf Commissioners" of San Francisco, which claimed to be betting on the races, guaranteeing 4 per cent weekly: "There is no kind of speculation that affords so great an opportunity for making money rapidly on a small capital as playing the races on a business-like and systematic basis. Our average weekly profits usually range from 4 to 8 per cent." Another argument, that of a so-called "Bookmaker" of St. Louis, who guarantees 5 per cent weekly dividends to investors: "We make books and allow the betting public to place the money. The man who bets has one horse running for him--the bookmaker has the rest. For this reason the odds are all in favor of the bookmaker and if he understands his business he is certain to make money." Argument of a firm of so-called "Turf Commissioners" of Chicago, who claim to make books on the races: "Our plan insures a steady income on a small capital, such as no other company offers, and far eclipses any mining, oil, or other stock investment." Argument of so-called racing stable concern of St. Louis, guaranteeing 3 per cent per week to investors of $50 and upward: "We have a large stable of race horses, which we run at all tracks, winter and summer; we make books wherever racing is conducted, and the proposition we manage pays so well because we know how to run it to that end." One of the variants of the old turf scheme is the venerable "Two-Horse Special," a fraud that is so old that its whiskers drag about its knees. Here is a sample of the two-horse literature: "MY TWO-HORSE SPECIAL PLAN." (Send this slip with remittance.) NO ACCOUNT RECEIVED OF LESS THAN $50. GEORGE F. STONE, Turf Specialist. Brooklyn, N. Y.