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PEACE IN SIGHT AT NEW ORLEANS. Browns Price for City Park Accepted with Proviso Likely to Be Agreed To. NeAV Orleans La., October 27. With one modification, to Avhich there can be no reasonable objection, the Business Mens Racing Associations Board of directors today at noon, adopted a resolution to accept the proposition drafted at the City Hall by the representatives of H. D. BroAvn for the purchase of the City Park. j Under the terms of the agreement the City Park ! track is to be sold to the Business Mens Racing Association for 00,000. Saturday forenoon is fixed for the signing of the preliminary agreement, j Within forty-eight hours, on Monday, the Business Mens Racing Association is to deposit in the Hibernian Bank and Trust Co., 0,000, ten per cent of the purchase price. TAventy days thereafter the sale is to be completed by the payment of an ad-1 ditional 5,000 to H. D. Brown. If through the fault of the Business Mens Racing Association the sale falls through, 0,000 of the 0,000 is to go to Brown as a forfeit and the other 0,000 is to be returned. One of the provisions of the original agreement Avas that the Business Mens Racing Association binds itself for eight years not to race here before January 1, nor later than the end of the CarniA-al and conceded to Brown the right on an injunction in the courts to preA-ent any violation of the provision. The lessors of the Fair Grounds track Avere required to be made parties to this provision. The modification to be proposed by the business men is a reciprocal condition that, during these eight years, Brown shall be bound not to race in New Orleans, Jefferson or St. Bernard Parishes. Assuming that Brown is acting in good faith it is not considered possible that this amendment can prevent the consummation of the deal on Saturday. The Avhole subject matter of the purchase of City Park track aa-.-is threshed out at a meeting Thursday of a committee composed of President Mae-Diarmid, R. II. Kddy and Attorney J. P. Sullivan, to AAhich the business men referred it. The committee made a favorable recommendation Avith the amendment mentioned and todays meeting of the board followed.
