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RACING IN MISSOURI IS PROBABLE St Louis to Have a Strong Jockey Club to Foster There is a probability of another race meeting at the Maxwelton track near St Louis within the next sixty days If it is held it will be under the MurphyThe management of Joseph A Murphy The recent defeat of a racing bill in the Missouri legislature cuts no figure in the efforts of Mis ¬ souri people to lift the ban against racing There is no law against racing with the right kind of speculation in that state The people who favor racing gave no support to the bill recently de ¬ feated and did not believe in it It Is expected that in the near future a strong St Louis organiza ¬ tion will be born with a half million or more common and preferred stock to be known as the St Louis Jockey Club The preferred stock will be nonvoting and no one will have more than one share of it Its holders will be members of the club which will be far more than a racing or ¬ ganization The racing will lx managed by an inner organization which will lease the track from tlie club ami give meetings of some thirty days a year on the plan used by the old Washington Park Club of Chicago None hut stockholders vill be admitted to the grounds for racing What betting there is about such racing will be purely oral be ¬ tween members and within the law Such an or ¬ ganization could educate and pave the way for such legislation as future racing needs if it needs any at all
