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STORY OF THE GATES CAMPAIGN. All Wall slroct is chuckling over the story of how John W. Gates, before his departure for Europe, look 00,000 away from the bookmakers at the New York tracks by a systematic campaign that was worthy of the Gates of the old days, says the New York American. lie started in by forming a combination with the wily "Roots" Darnell. Durnell, who knows the horse from the ground up, was to handle thehorses, while Gates managed the finances. From Gates apartment to the stable a private telephone line was strung, and at all hours of the day and night the once big Wall street plunger knew Just what the horses were doing. It was a case of the shrewd speculator who had dared to oppose Belmont and Morgan in the street using his brains in a gamble where brains and knowledge are of the greatest value. The first big coup pulled off by the Gates crowd was when Nealon won the Suburban. It is safe to say that John W. cleaned up at least ?G0,000. Then came the plunges on Tony Faust, Joe Nealon, Itnpid Water, Jacobite and Carthage. Then it became known that Gates had told the ownevs of Carthage to put their horse in a selling race and that he would protect him. The first race of Cartilage in the cast added 5,000 to John W.s roll, and lie didnt have to protect the entry. When Gates had cleaned up ?100,000 he announced 1hat lie was done. He was going abroad and Durnell was -to sell his horses. He did sell them and John AV. went abroad. The bookies arc still wondering about it.
