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THE OFFICIAL RACING PAPER Americas Turf Authority for Forty-Three Years i, NATIONAL ASSOCIATION OF RACING COMMISSIONERS OFFICIAL PUBLICATION Trade Mark Registered U. S. Patent Office. i Copyright, 1938, by REGAL PRESS, INC. Reproduction of any matter contained herein without written permission expressly prohibited. VOL. XLTV. No. 301 CHICAGO, IL., SATURDAY, DECEMBER 17, 1938 PRICE 25 CENTS