view raw text
DAVY JOHNSONS CASH IS GONE AGAIN. Owner of "The Big Train" Sells His Automobiles to Tide Over the Slump. New York. May 31. Ii i-- a runout of the ring that Bury Johnson, the plunging owner of Bosehon, is. figuratively ■peeking, again en his uppers, and the racing season of I94R is scant thirty days old. Johnson, in the coarse of his spectacular career. more than a scare of times has found himself at the end of a days racing stripped to his List dollar; It is nothing of a novelty for him to find himself several thousands to the bad. On stub occasions it has been his usual habit to hand over to his creditors in the ring a string of I 0 I "s. but to his credit, I c il -aid. the market value of such paper has always been hold at i«hi nuts on the dollar anal hs negotiable among the big layers as so much paper of Uncle Sams. This time Iavys downfall Is attributed by his friends to the unfortunate Stone-ben. The pressure has been so severe on the popular Davy thai he has had to re-ori to the expedient of converting his everything id a negotiable nature into ready money. The last to go were three automobiles, in. Hiding a brand new machine. Pot the latter witli its troopings and incidentals. Johnson Is reported to hare paid .*7.".o . The three ears were sold at the ridiculous price of ,500. it is reported, such was the urgent anil pressing need for ready cash with which to play the string out in an endeavor to roll up another six -figure bank roll. a short season ago Dare Johnson left the track one day and when he had figured up his days opera lions found that he w .s just a trille over 140,000 to the bad. There was a lot of squawking from some of the ||ttle delicatessen men who make signs like real bookmakers, but the heavy land fell on the Shoulders of the real fellows in the betting ring, who knew and had implicit faith in the ability of Johnson to retrlere ids losses and. better still, in his honor ti do so. These gentlemen promptly came to Dav.vs HKK by taking up the small markers held by the sardines and assured the unfortunate aportsasaa that he need have no sleepiest nights on accouiii of his debt to them. Johnson, in his Usual polite manner expressed his great sorrow for the predieament in which lie had placed his friends, and then and there expressed his firm conviction in his ability to repay very cent of his Indebtedness. He even went -,, fa* is to offer his notes for the amounts due. but these were spurned by most of his creditors, for Johnsons best asset is his strict integrity. And pre. tu — he season had not passed over Johnsons head before he had paid every dollar of his indebtedness, ami that with Interest Some men who like the king of sporting games will remember far back at old Monmouth, when TldlBOQU luol a bad session. Il was the same season which put such a crimp in the bank rolls of the late Miki Ihv.vcr. the greatest of plungers, and Richard Croker, and which caused the former to take the double Strtng of his OWI and the CMkOT SOI SIS to England, whence Uwyer returned alinosi penniless. They had been breaking bad for everybody thai season at Long Branch, and, as might have been expected. Johnson Stayed his siring out to tie !a-t card. One day when the clouds looked more than unusually opaque. Fred llo.y rsssr ahum with an invitation to the course. Davy at lirsi refused, but young Bony Insisted, and after Johnson frankly confessed that he didnt care to look on without the price of even a modi st bet. IIimv allowed that li" had a little loom Change, ami his Mend was welcome to the half of it. Some there wore whu averred that Davys divvy was S2~. but it might be reckoned that a certain ticket writer who !:e qechtly went on in Leo Swutts" book. w.i- never right when h,. s-ihl that Johnson fend at least 00 in his pocket when he began the days operations. BUR il was he didnt have any more, for the good and snllbicnt reason that licihh Boej didnt have pocket money like thousand dollar bills m those days- not frequently, a, any rate. Well, to eOHM down to the meat of the COCOOnut, Havy Johnson went back to the Avcm-1 Hel. 1 thai bright afternoon in Fred Ilocvs runabout and tuehod away in his trousers pocket was RXMttn of good 1 k- mal.ei- money. They happened to break just the way Dary liked thorn ami the bigger the price, the better he liked it.