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BTJPFAIO ASSOCIATIONS STATUS. A letter from Buffalo to the Morning Telegraph of Monday says: "An order to show cause why tho Buffalo Racing Association should not go into voluntary dissolution was issued Saturday by Justice Eruse of the supreme court. The order was granted on the application of President Charles F. Dunbar, Vice President Henry C. Jewott, Secretary Edward C. Both and Charles A. Wenborne, a majority of the directors of the Buffalo Association for the Racing and Breeding and Improving of the Breed of Horses. "This association recently built the new Kenil-worth raco track in the town of Tonawanda, and held a meeting there last summer. The meeting was a failure financially, and Charles G. Hutchinson, a Chicago stockholder, brought pioceedings against the race track association, compelling it to refrain from paying any more of its debts. He claimed that the association had lost money. His charges also resulted in the arrest of Millard S. Denslow, chairman of the association, on a charge of embezzlement. Denslow was discharged in Chicago recently. " The application for the order was made just before court closed yesterday afternoon. Edward L, Koons was appointed receiver of the association. "In his order Justice Kruse directs that all interested persons show cause why the association should not be dissolved before H. C. Minard, as referee, on February 26, 1903. Mr. Koona bond was fixed at 50,000. The Manufacturers and Traders Bank was named as depository for the receivers moneys. The petition of tho directors states that the association is unable to meet its debts. It also states that it has no means to earn money except by holding races. "The directors stated in thoir petition that it was doomed advisable to have the corporation dissolved simply because another race meeting could not be held until next spring so as to raise funds. Tho value of the race track is put at 00,000.1 The other assets of the association cost 3,612, and are valued at ,801.43. There are many debts owing by the association, including 0,000 to horse owners. "When Mr. Hutchinson instituted his action tho county clerk was delnged with liens against the racing associations property. "Attorney Harry D. Williams prepared the papers for the diseolution order. They state that between 0,000 and 5,000 is" required to protect tha property of the association, and that at present it is without fund?. With the petition came a schedule of debts of the association. "Among tho debts are 7,976.25 in mortgages given on the purchase price of track, and other lands in that vicinity; 1,410.59 in liens filed by contractors and firms which supplied the track with materials and clubhouse supplies and service, 9,935.88; 1,450 for legal ssrvices, and 2,088.93 due horse owners and jockeys. "Some of the creditors are: J. B. Respess, ,492,64; jockoy L. Jackson, 35; G. B. Morris, 3,080; Julius Fleiscbmann, of Cincinnati, 11.37.
