Ed Corrigan Gives Up Hawthorne., Daily Racing Form, 1909-05-21

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ED C0RRIGAN GIVES UP HAWTHORNE. A quit claim deed was filed in the Cook County recorders office Wednesday in which Ed Corrigan and his wife conveyed their equity in three-quarters of the Hawthorne race track to ex-alderman Thomas Corey far 0.00o. Of this sum. Mr. Corrigau received but ,000 in cash. 4,000 going to pay a note made by him. indorsed by Mr. Carey and held by Foreman Bros. Banking Company. Tlie Hawthorne property comprises 100 acres be. tween Thirty-fifth and Thirty ninth streets and south Forty-eighth and Fifty-second avenues. The other one-quarter interest is owned by Richard Fitzgerald. A. S. Trude held a mortgage of $.S0. HM on the property and Carey ■ second mortgage for 0,000. When Carey received notice from the bank a few-days ago that the note fell due May 24. he tele-graphed Corrigau. asking hiiu what he was going to do about it. Corrigan replied that he could not meet it and asked Carey to take care of the note and he would convey to him his interest iu the |UO|KTty. Hence the deal, which was necessary because recent financial reverses growing out of so-called reform legislation have taken nearly all of Mr. Corri-gans ready money and ability to raise more. Tlie veteran was in good health and spirits and was more worried over Mrs. Corrigans condition than his own financial health. He has gone back to Lexington, where Mrs. Corrigan is ill iu St. Josephs Hospital, but is much better than she was. Tlie deal by which John W. Gates seeks to get control of the Corrigan holdings in the City Park track at New Orleans will. Mr. Corrigau thinks. be made more equitable by the courts, or settled in a fair way. Mr. Corrigans Kansas city property is in the best hands and condition of all his holdings, but the turf will hardly see much more of him iu an active way. Thomas Carey, when iu politics, was also interested in racing and owned the New City Stable. He still loves the sport and has grown rich in late years. He is also less interested in politics than in the old days and is president of the American Brick Company. When asked what he meant to do with Hawthorne Mr. Carey said: "Leave it as it is and wait until the public gets a little sense."


Persistent Link: https://drf.uky.edu/catalog/1900s/drf1909052101/drf1909052101_1_8
Local Identifier: drf1909052101_1_8
Library of Congress Record: https://lccn.loc.gov/unk82075800