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MOST PROSPEROUS SEASON. STOCKHOLDERS OF SARATOGA ASSOCIATION MAY RECEIVE DIVIDEND FOR FIRST TIME. Present Conditions Throughout Meeting Would Show Profit of About Double That of Last Year -Success Will Bring Increase in Stakes and Purses. By J. R. Jeffery. Saratoga, X, Y., August 18. It is learned on the best of authority that the Saratoga Associations present racing season is likely to be the most prosperous in the long history of racing, here, and .that one of the direct results of the meeting will be the payment of a dividend to the stockholders of the association for the first time. That such an innovation is possible sneaks more eloquently than words of the substantial growth that racing is making under the new regime iu this state. It seems almost incredible that the sport should have survived the hard knocks it received and regained the ground it lias in a few short years. Last years meeting here was so successful that the Saratoga Association was able to clear up the last of its indebtedness, the major Dortion of the seasons profit of 125,000 being devoted to that purpose. It is estimated that if present conditions prevail to the end of the season the present meeting will show a profit of about double last years figures. If these expectations are realized, there probably will be further substantial increases in stake and purse values here next year, in line with the liberal and progressive policy that the management of the Saratoga Association has . always pursued. Papp Again in Linof for Two-Year-Old Honors. Papps clear-cut victory in the Sanford Memorial Stakes on Wednesday strengthened the growing conviction that he may turn out to be the best two-year-old of the year. He has now won four important stakes and is at the toy of Ids form in spite of tlio severe .campaigning, to wiiieh he has been subjected under high weights. He has won two stakes under the exacting impost of 130 pounds, and horsemen are generally beginning to realize that 1t takes a good colt, indeed, to make such a record as he has made. He looks as good today as when trainer Max Hirsch began to campaign- him so energetically. In fact, if anything, he has improved in appearance, and it is evident that he is a horse that thrives on racing and asks no favors as to the state of the going, for he runs equally well whether the track be wet or dry. Papp hits one weakness, if it may be so termed, lie appears to be a confirmed rail runner, and his defeat in . the Saratoga Special lifter a series of brilliant victories in the AVhirl. Flnsh and United States notel Stakes probably was as much due to this proclivity of his as to the disadvantageous start he "received, for had jockey Allen been able to take him to the outsiCe after making up ground instead of getting pocketed and knocked back on the rail, he might have won the race in spite of his poor send-off.
