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OPTIMISTIC IN THE EAST Those interested in thoroughbred racing have rea ¬ son to be optimistic and for two reasons In the first place tho decision by Justice Scndder of the Supreme Court a few days ago dispelled the mist which has l ecn hanging over the operation of the socalled directors liability law a law which has been a bugliear for the reason as August Belmont lias pointed out that those interested in the various track did not care to run the risk of indictment If tho ease is now carried to the Court of Appeals more light may IK thrown on tht laws directed primarily against bookmaking and gambling but which overshot the mark to a large extent arid practically dealt racing a death blow Tho second reason lies In tlie interest shown in the recent three days meeting of the Piping Rock Racing Associa ¬ tion New York Tribune
