Complete Deal For Havre De Grace, Daily Racing Form, 1919-07-16


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COMPLETE DEAL FOR HAVRE DE GRACE NEW YORK N Y July 15 The Havre de Grace track deal has been consummated and the money for fiftyone per cent of the stock paid over The transaction was completed this morning when the 250000 purchase money was placed in the bank to the credit of manager Burke and his asso ¬ ciates The stock will be underwritten according to what is known as the Sims plan which means that the devidends will probably be limited to ten per cent centAny Any surplus will be used in the interest of the thoroughbred in a breeding and racing way and it is also probable that Harford County will be a beneficiary for good roads and charities It is the wish of those now in control that the stock will eventually be sold to residents of Maryland MarylandIn In an interview with Thos McDowell president of the Thoroughbred Horse Association otf the pur ¬ chase of the Havre de Grace track he said saidThe The track has been bought by the Thoroughbred Horse Association to give the public the best that can be achieved in a horse racing way also to promote and improve the thoroughbred horse and the industry of breeding

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Local Identifier: drf1919071601_1_7
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