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PROPOSED MEETING AT PANAMA. N, vv York. February 2o. -The Panama Racing As-soctatioti In- announced a winter racing season, to begin the Bral w -k of nexl Jaaaarj ami to continue for ai least one hundred days, at its near track three miles outside the historic city of Panama. I association has obtained a charter from the Republic oi Panama autbortiaag ii to maintain a "place for popular amusement" and under this concession tin association is permitted to hold race meetings, anto ra.es. dying contests, athletic sports and even prize light-, although tin- probability of its Indulging in tie- bitter is remote. r . j winds t the assoclatloa are located sic-tur. sipnU on Panama Bay and cover 878 acres of a splendid turfed trail, fringed on all sides be tropical tr,, -■ and fauna. tin thi- will be built a dirt track covering one ami one-eighth mile-. Within this will P.- a turf U. ok of a mile and Inside thi-. again, a steeplechase coin-,- The grandstand will accommodate about 5,000, until th.- demands ol Increan ! attendance necessitate enlargement. In addition there i- to !«• a splendidly appointed eiubboii .. . wh.re members may live in rot ma or sal tea. A casino i- to be located oa an Island m the hay, about t.n minute- from shore, m which baccarat, roulette ami similar games will be permitted. I ..■ caamo will be exclusive and admission will only be obtainable bj card. While the names of tin Individual* who are pr - moling tin- track have nol been mad.- public, it is announced thai several prominent -iiorl-n.oii of the United States are lata raited m the venture.