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AS MADDEN SEES IT. New fork, April 15.— Last week He Oft— Pennington, who has Mid off nearly all of his homes, pessimistically foretold the crumbling of the turf within a few fears. Thhl lamathl John 1.. Madden refutes. Says he; "Why, racing conditions have chafed entirely within the last leu years. Racing crowds are not now wholly recruited from the under strata of New Yolks poiulatiou as they were some years • go. "The best people go a racing now. and instead of speaking about the hOTSM and the races in a whisper the turf is a subject of polite discussion wherever bright, intelligent New Yorkers foregather. When the track owners exacted 00 a day or so from the bookmakers, the idea was to get a crowd to the track at any hazard. Now no fee i taken from Hie bookmakers, and the revenue comes entirely from the gate receipts. "The bookmaker will entirely disappear withiu a few years. The admission fee will be raised to . and the turf will rest upon a permanent basis. There will be no open lietting of money at the track side. but. instead, a common clearing house will come into being for the facilitation of betting. as in Loudon, Kngland. The small fry two-dollar bettors will have to bet between themselves as individuals, without any connection whatsoever with the Jockey Club."