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REFERENDUM USEFUL COLT McPherson Training Fair Acre Farm Derby Eligible at the Churchill Downs Track. LOUISVILLE. Ky., April 14— Referendum a three-year-old colt by Ballot — Bright Start, owned by the Fair Acre Farm of D. T. Matlack. is one of the latest of the Kentucky Derby aspirants to reach Churchill Downs from New Orleans. The colt was a part of the shipment that Jack McPherson brought here a few days ago. Referendum has had abundant racing experience, both as a two-year-old and in his present three-year-old stage. Last year he started in an even dozen races and succeeded in winning only one. This year the colt started in eight races at the recent Fair Grounds meeting and won one of his starts. On past performances one cannot regard Referendum as a formidable Derby aspirant, but his trainer. Jack McPherson, seems to have a good opinion of him and will continue his training for the race on the local track. The colt is quite fit and ready to start at any time. Other horses in the McPherson stable include Genial Host, a candidate for the Clark Handicap ; Fire On, Muldoon. Copper Cent, Saucy Sue. Lucky Susan and Golden Tinted, the latter an eligible to the Kentucky Oaks. The stable also includes a number of good two-year-olds, prominent among the number being Pandemonium, an eligible to the Bash-ford Manor Stakes, and Sauce Box. which is an intended starter in the Debutante Stakes.