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WHY LAKELAND OWNS THE PICKET. New York, October .. William Lakeland, did, not act as the agent of a Kentucky breeder, as. was reported in some quarters, when he bought The Picket at the dispersal sale of .the Waldeck iStable. He -was well able to buy The .Picket for himself, and he did it. Lakeland is famous for .patching ,up. cripples and jollying them into running like sound, racehorses. Dominos career is-a -testimonial to. his ability in this direction. After that, celebrated 1 horse had been condemned as an impossible racing proposition by many veterinarians .. and expert: trainers,, he scored many successes .-with him. Lakeland bought The Picket, llrff t because he believes the winner of the -American Derby . of 1.903 and. the Brooklyn Handicap of 1904, the conqueror of Ilermis and Irish Lad, lias another first class race or so in him, and, secondly,- because he believes after the. old horse has dellvered.-those races he will make a first class stud proposition. The Picket is of the line old American family of Falsetto, It is a Tunning family, and a stout one.