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PEACE IS DECLARED IN KENTUCKY. Statement That the Recent Trouble Has Been Satisfactorily Adjusted but No Details Given. Louisville. Ky., June 12. — A general air of satisfaction prevailed at Douglas Park today, following a short open-air meeting of the Kentucky Thoroughbred Horse Association, for which President Hal Price Headley issued a call on Saturday last. The meeting, which was attended by many horsemen and the full directorate of the Kentucky Thoroughbred Horse Association, was brief. Following its call to order. Thomas C. McDowell read the following statement, signed by all the directors: "Fellow horsem-n: The Ixiard of directors of the Kentucy Thoroughbred Horse Association feel the present trouble has been satisfactorily adjusted and will be worked out in a short time to the satisfaction ef all concerned. "We assure you that from now on your interests will be protected. We are. at present, unable to give details. We want to thank your for the support you have given us and will count on you in the future. Signed Hal Price Headley, president. T. P. Hayes, A. B. Hancock. Thomas McDowell, C. II. Herrymau. Milton Youug, J. S. Barbee, J. O. Keene, F. A. Forsythe. The meeting was then adjourned and with it was closed an incident that bade fair to threaten the welfare of Kentucky racing. Beyond the above announced public statement, none of the directors had anything to say for publication, there being a general air of reticence as to what had been agreed on in the controversy. Preceding the open air meeting, the Kentucky Thoroughbred Horse Association directors met at one of the leading hotels and the resultant action was agreed upon. General manager Hachmeister would not commit himself beyond saying: "I am glad that the controversy was satisfactorily adjusted and I will now iHiid my best efforts towards making the L.ttouia meeting a high-class one in every respect."