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SCHENCK FOR AGUA PRESIDENT AGUA CALIENTE, Mexico, May 3— It is rumored here that Joseph M. Schenck may be the new president of the Agua Caliente Jockey Club. A special meeting of the stockholders of the Agua Caliente Jockey Club has been called for May 21, and the present president, James N. Crofton, may be ousted * and Schenck elected in his place.