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FIRST INDICTMENT UNDER FOUST LAW Memphis, Teen.. April a. —The New Memphis Jockey Club was indicted hy tin grand jury today on a charge of violating the Foitst law by per-mlttteg betting on horse races at Montgomery Park last Saturday afternoon. The indictment Beta forth that a handbook was operated on the grounds and thai odds were anTired and taken on harms in each race. This indictment is apt to result in a test of the . oust inn ionalil.v of the law.