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KENTUCKY ASSOCIATIONS FINANCES IMPROVE Lexington Ky Decemher 10 The annual ineet in of the stockholders f the Kentucky Association was held here today with Preident D Cray Fal vdncr ill 1li clialr and all tlie stock represented Messrs Catosbv Woodford J X Camden G I wilioii D Grav Falconer John McClintock Matt Wlnn Irving H Wheatcroft O II Chenault rhiries II Berryman and Kobert L Baker were chosen as directors ami they are to meet in January to elect ollicers It is said that Charles II Berry nrii who is the general manager of James B Hag ins Klinendorf Farm will succeed D Gray Fai ¬ roner as president Garret D Wilson it is said will eontiiiii1 I illice as secretary secretaryThe The reports of tlie secretary and treasurer showed Hie association to IH In improved financial condition A iiroiit if 11000 nnt was made on the two race ii eetiigs f this year Of this sum 5000 was ex irfnrled in Improvements and maintenance and OOO i ti V applied to the liquidation of tlie debt vhlcli when this is paid will lie 15000 The asso Illlon his in Us treasury 24000 of the 70000 ciiiiltal stock and it is planned to sell half of this so wioe out tlie debt Johnson X Camdeu has said ilinl he will take one share of stock for every share that is ld t will be necessary to sell only tii iOO worth to others The stockholders are of ilu oninion that tliis can easily be done as the pros for dividends after another year arc tlattering
