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NoAccounting Necessary Of One Per Cent Fund Maryland Commissioners Vote in Favor of Clearing Associations BALTIMORE. Md.. April 18.— The Maryland Racing Commission Association, at a meeting today, decided it would not be necessary for this state s four major tracks to give an accounting of the monies realized from the one per cent grant established in 1938 for •"improvements of racing. This decision resulted from a 2 to 1 vote in favor of clearing the racing associations. George P. Mahoney cast the dissenting ballot. He took the stand that the tracks had included expenditures for which the privilege did not provide and that there should be a sum of ,000,000 in the fund, accrued over the past five years. The "One Per Cent Affair," as it came to be known, resulted when the commission, on February 9 of this year, requested that each of the four tracks submit reports explaining how the money had been expended in improvements. Instituted in July of 1938, it permitted deduction of one per cent from wagering pools. The total Involved was in excess of ,000,000. Following revelation that no accounting would be asked, the commission announced that henceforth the one per cent money j received by the association would be set , up in a separate fund. This had been de- j cided at a meeting prior to the opening of j the spring racing season and at which time the tracks objected to certain clauses in the commission ruling, establishing and ; segregating the fund and specifying that at least 50 per cent was to be used for : physical improvements. The tracks main- tained this was impossible because the bulk of such monies go to federal taxation. The commission reconsidered and a clarifica- i tion of the ruling was given, which proved acceptable to the tracks.
