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NEW TRACKS SITE IDEAL FOR BOOKS OR MUTUELS i NEW YORK, N. Y., April 18. A tract of 172 acres, partly in New York, has been purchased by the Pegasus Club, in Bergen County, N. J., with the purpose of opening a ,300,000 race track. The property lies mostly in Rockleigh, N. J., and was bought from the Socony Oil Company It is about six miles north of Englewood. The proposed course will be a mile oval, with a steeplechase course and polo -field in the infield. Its promoters state that it will be built to accommodate 30,000 persons. Some forty acres of the property is in New York. The men planning the course believed at the outset that they could be licensed in New Jersey and could operate bookmaking on the New York portion of the property, even if the New Jersey legislature did not pass a pari-mutuel bill. Douglas G. Hertz is one of the prime movers in the venture. He said yesterday: "We are now convinced that the mutual bill in Hew Jersey will pass. In fact, we are so confident it will pass that we are considering no other contingencies. We plan to start work on the course at once." Other men importantly identified with the proposed course are Mayor H. S. Kniffin, of Rockleieh: Gerald Clarke, a prominent real estate man of Englewood, and William Mills.
