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MEMPHIS STAKES. Elsewhere in this issue appear the conditions of eight stakes offered by the very much alive New Memphis Jockey Club, which will be decided at its spring meeting of 1903, and also the conditions of the Tennessee Derby and Tennessee Oaks of 1901. Concerning these stakes Secretary M. N. Macfarlan says : "We wish to draw your i attention to the increase in the value of the purses and four of the stakes" No purse will be offered with less than 06 added and handicaps will havo 00 added. This club was about the first club in the west to adopt the added money system to stakes, and we think to Memphis is due some of the credit of the advance in value of the stakes in the west. In twenty-one days racing last spring the New Memphis Jockey Club distributed 3,215, an average daily distribution of ,485.42 and this should be increased to about ,800 a day this coming spring. Horsemen never had a better friend than the Memphis Club. It is the intention of the management to make jumping races one of the features of the meeting, if enough jumpers can be induced to coma to Memphis. Thet . Cotton Steeplechase Stakes is increased in value from ,C00 added to ,500 added, and should be worth about ,500; the Montgomery Handicap from ,C03 to ,500 added, and in addition the club will also give a silver cup to the winner, this stake should be worth, independent of the cup, ,5C0; The Memphis Stakes for two-year-olds increased from ,000 to ,590 added and should be worth to the winner ,500. The distance is five furlongs. The Tennessee Oaks for 1904 is increased from ,500 to ,000 added, and this stake should be worth ,000. Quite a good stake for a Ally in the west. "Of the others of the stakes that will close January 3d, the added money remains the same. They are the Tennessee Derby, ,000 added, to be run iu 1904, estimated value ,000. The Gaston Hotel Stakes, for two-year-olds, colts and geldings, four furlongs : and the Ardelle Stakes for two-year-old fillies, four furlongs. Both of these stakes have ,000 added, and should be worth ,200 each. The. Hotel Gayoso Stakes is for three-year-olds, one mile, and has ,000 added. This stake will be decided the latter part of the meeting, and is a consolation race for those beaten in the Derby and Oaks, and for those that were not eligible to either would also be an excellent try-out for the Kentucky Derby, as the winner would not take up a penalty. The conditions of the Kentucky Derby make the winner of a three-year-old race of the value of ,500 carry five pounds penalty. This race is made with the idea of avoiding this penalty. The Peabody Hotel Handicap has ,000 added, one and one-eighth miles, estimated value ,500, and the Tenne-see Brewing Company Stakes, selling, ,000 added, seven-eighths of a mile, estimated value ,500.
