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REED REFUSES BIG OFFER HOMEWOOD, 111., June 2— "Tex" Reed, deciding that Butter Beans needs a rest, is himself taking one at Cleveland. Before leaving. Reed said he had been offered more change for this racer than he ever expected to possess adding: "I ran away to keep from accepting the mans money. Reed expects to race his stable at Latonia, his favorite racing ground, where Butter Beans will be in frequent action.