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NEW ORLEANS RACING FUND NOW 5,000. i New Orleans, La.. October 0. Practieallr the "wholo of the purse guarantee fund of 5,000 for the opening period of the proposed race meeting here beginning January 1, has lieen subscribed. Assurances of additional subscriptions were given Tuesday to the directors of the Business .Mens Racing Association, of which I. B. Rennyson is president, and there ho longer appears to be nnv doubt as to the ultimate success of the plan of New Orleans business men to revive racing. J. E. learce. local motion picture magnate, was elected one of the directors last night. A. B. Maginnis was also elected a director. This makes a total of eleven directors i ducted to date.