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NEW ORLEANS RACING MOVEMENT. Albert Godchaux, one of the most prominent merchants of Canal street and a member of the Progressive Iliiou. yesterday announced that he had consented to act as stakeholder for the "Merchants Jockey ciuh." Mr. Godchaux has always been a staunch advocate of clean, honest horse racing, believing that it is second to none as a winter attraction heii-. and from what be has been led to believe the plans of the new ••jockey club" are fair enough. He said that Rome Respcss and a number of other bersemea have written to indicate their Intention of coming to participate in ease those plans / materialise. Louis F. Bart be, a local man. has bean exceedingly active in promoting the ••club." Mr. Godchaux stati s that he was requested to act as the trustee, or stakeholder, for the horsemen who will come down. It is lirst necessary to raise S:;i;. Miii among merchants and business men here as a guarantee. However, this fund will ted In- touched unless gate receipts an Insufficient to pay off the purses, which will amount lo about :j;].2 M per day for a thirty -days meeting that is to hegin on Thanksgiving Day, November 24. The entire s:;r.. MMi is to be given back to the sub Kcribors unless some of it is needed to pay the purses. In m ease will the guarantee fund be touched for any other purpose than to pay purses, and tie optimistic promoters of the scheme do not believe that it will he necessary to us.- any of it. There will 1m- no stockholders in the club, according to Mr. Qodtebaux, except local people. ••All that I wiil bare to do in connection with the project will be to ai t ;,s trustee," remarked Mr. Godchaux, when asked if he would head the "Merchants Jockey Club." The well known business man said that he might not see any of the races, lait it was with a smile that he added: ••My attitude towards racing baa already been pretty generally explained. I think that a meeting to open on Thanksgiving Hay will prove profitable for horsemen who are not interested in betting, and race cleanly ami honestly for the purses ottered." — few oilcans Picayune.
