view raw text
MARYLAND JOCKEY CLUBS NEW RACETRACK. I Secretary Riggs Announces the Plans Location at Halethorpe, Soven Miles from Baltimore. Baltimore, Md October 5. Plans for the new-track to be built by the Maryland Jockey Club at Halethorpe, seven miles out of Baltimore, on the Baltimore and Ohio and Pennsylvania railroads to Washington, arc announced. The location is admirable, and as soon as financial arrangements are completed work will begin. At this point the Baltimore and Ohio has Tour tracks, and the Pennsylvania crosses a quarter of a mile south of the station. The Baltimore and Ohio will put in all needed sldlugs, and will erect a station from which jrutrons can step directly into the grandstand. The Pennsylvania will also put in sidings. The property includes 200 acres, which the Baltimore and Ohio company will lease for fifteen years for ,000 a year, just half of what is paid for PImlleo. An option is given for the purchase of the tract at 00 an acre. The plans include a mile and an eighth track, 100 feet on the stretch and eighty on the turns, with a C30-foot radius and a seven-eighths chute. This can be constructed for 5,000. There Is no grading of consequence to be done. The grandstand as planned will seat 3.300. A 0,000 clubhouse is planned. The 000 stalls are to cost 0,000, paddock 5,000, and the total expenditure arranged is 83,000. The club proposes to increase its capital stock from ,000 to 00,000, with shares at 00 par. There is now- only 2,000 capital stock out. If the club realizes on the old Maryland Agricultural and Mechanical Association note, which cost It 0,-000, It will be some 7,000 to the good. It has a lease on PImlleo until next spring. "We propose to make the enterprise popular, and if we would allow it, the stock would be bought In a minute by Xew Yorkers," says Secretary Riggs. "We plan to keep the stock in Baltimore, and I think we will succeed. The last three meetings at PImlleo netted a profit of over ,000 a day. We. can count on two meetings, of fifteen days each, under the -new laws passed last winter, and the club cau easily earn 10 per cent. 1 expect to see Baltimore boom from now on."