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MAY ELECT ENTIRE NEW BOARD. Business Mens Racing Association Will Hold Meeting of Stockholders Nest Week. New Orl.-ans. La.. May SB.- To con-.id-r future plans of the F.usinoss Mens Racing Association, a meeting of the stockholders will be held next Monday or Tuesday afternoon. Secretary I. B. Itennyson was not so sure tonight at this meeting that a president will be elected to succeed Dr. George A. MclMarmid, the president and the two directors who resigned, and tonight there were rumors that a whole new board might supplant the old board of directors. A. I. Stewart, former manager of the Cosmopolitan Hotel, and now a director, is being groomed for the presidency. Major Stewart is a good friend of Governor Pleasant and well-known politically throughout the state. It is believed his selection would add weight to any promise that the Locke law would not be violated during the race meeting to start in January. Just who the other directors will be is problematical, there being about twenty candidates for the places. One stockholder declared today "the trouble with this past seasons racing was that certain individuals could not keep in ininil the necessity of obeying the legal prohibition on licensed book betting or they get careless. Shakedown the bookmakers with the so-called club ticket, as was proved in the recent criminal trial, was one of the things that const itutrs the violation of law, and couvicti-d those fellows. "I assert positively, from many years experience with the racing business, and with knowledge of what the Locke law demands, that the Business Mens Racing Association can dispense with all test cases and can run its races next New Years Day in such fashion that any director officer can go before the graml jury or the Criminal Court on January li and come away with a clean record."