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BETTING ON LEXINGTONS BUSINESS. Lexington. Ky.. April 24. — Yhv-Chaimian E. F. tlay of the Stale Baring Commission holds to the opinion that the tails 111 failure of the Kentucky A-sociatious meettag mat fall was not due so much to nay distaste on the part of the public for liel-ting through the pari-mutuels as it was to the severe drought, stringency of money and the tobacco troubles prevailing al that time. He predicts thai the spring meeting, which opened today, will pal I halance on the rishl side of the associations ledh and lie is not alone in his opinions, though a great many close students of racing and the het-ling .situation aver thai it is imimssible for the owners of the local track to make any money without b.mkiunkins. One morning in the early part of this week a number of breeders, owners, trainers and work watchers were discussing the lM-tting angle and the causing ateeUng in the grandstand at the track. Overton H. Chenanlt of Spendthrift Stud, and one of the executive committee of the Kentucky Aaaooia lion, said thai he did not see how the association could possibly get off with a loss of am thing less Ihnn ,000. Woodford lav. who is the son of Colonel E. K. Clay, and who had been speaking optimistically of tie s-iluation. quickly offered a wager of a suit of clothes that the association would not lunik a loss of .*_«"Hi. He was as promptly taken bv Mr. Chenanlt. "Now, Ill bei von another soil of clothes that the loss is not J1.O00." said he. Mr. Chenanlt took this wager al-o. -And now Ill just bet you a third suit of clothes that the association does not lo-i a single dollar." retorted Mr. Clay. "Youre on for thai, also." responded Mr. Cheuaatt, adding: •I rag agure where Im going lo get my summer togs now. A moment ago I could see my clothing money going to pay a part of the deficit of the meeting.
