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CHIP FURNISHES SURPRISE ♦ Defeats Chicago and Crack Band at Churchill Downs. ♦ Rose of Sharon Takes Measure of Crossea in Beeehmont Parse — Jim Dandy Beaten In Third. * LOUISVILLE, Ky., May 16.— Mrs. E. L. Swikards Chip, an eligible but improbably starter in the Kentucky Derby, running his second race of the meeting, defeated a good field in the West Point Purse, at one mile, which featured todays card. F. M. Grabners Chicago was second and Reigh Olga, O. Leh-manns four-year-old colt, was third. The Beechmont Purse, secondary feature of the day, went to the D. E. Stewart filly. Rose of Sharon, with Crossco second and Roscoe Gooses filly, Martinique, third. It was Martiniques first start of the year. Rip Field, the erratic juvenile son of Master Charlie, in the stable of H. P. Headley, gained such a commanding advantage at tho start of tho opening race as a result of his fractiousness, that it was nothing like a task for him to lead his opponents throughout. Sent away in motion the winner wras in receipt of a big lead when others of the field started and his advantage was never in danger. Behind him the others waged a spirited contest, which ended with Southland Pal getting up In the final strides to snatch second from Haramzada, the latter making a game but vain effort to stall off Southland Pal, after having raced in closest pursuit of the winner from the first eighth. Colonel Henry, the favorite, finished in fourth place after showing an even effort. Another winner came from the stable of Stuyvesant Peabody when his veteran, Mino, registered a victory for the favorites in the second race. This was at six and one-half furlongs and, but for a brief time during the early running, Carl Meyer had the victor in front. He won by two lengths over Smoldering, with Percentage third. After disposing of Smoldering and Hot Shot for the lead during the opening quarter, the winner out-sprinted his rivals, while Smoldering held to second place throughout the final five-sixteenths. Cuddle just failed to outfinish Percentage. The Audley Farm uncovered a fine juvenile prospect in the Valley Station Purse, one of the secondary features, in Gallant Knight, a finely made son of Bright Knight — Ethel Gray. Outrunning his company for the full four and a half furlongs. Gallant Knight won easily and overthrew Jim Dandy, which was racing in the Wilshire Stables colors of Chaffee Earl, who purchased him earlier in the day. Jim Dandy was installed a pronounced favorite and his unsuccessful performance belied the staunch support he received. He went to his decisive defeat behind the Audley Farm speedster without apparant excuse and had his work cut out, disposing of Play Time for second place, the latter weakening during the final eighth and losing the position by a length. Kentucky Ace, making his first start of the meeting, made good for his wide following when he accounted for the fourth race, at one mile and a sixteenth and engaging a small field of good platers. Flattery was second with Grand Dad, the early leader, third. L. Jones rode a well-judged race astride the winner, which he kept under steadying restraint and in close range of the leading Grand Dad until reaching the stretch. Here Kentucky Ace disposed of Grand Dad and was not endangered by Flatterys resolute finish which permitted her to outfinish Grand Dad.