The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-06
SELLING A RACE COURSE.
THE MONMOUTH PARK TRACK PUT UP
AT AUCTTON IN FREEHOLD.


ot the W hht ~ |"'" w '"' ''''N'
The Monmouth Park Race Course was
sold nj Freehold yesterday afternoon by the
| Sheriff Of Monmouth county. n. j.. for s57.-
3l4.45. including mortgage OF s4O.OOO with nc
crued interest to April 10. 1878 The purchaser
was Mr. u. d. Withers. who acted for himself
and Mcssrs. Pierre and George Lorlard.
August Belmont. George Z. wctmore. and such
others ns they may see fit to associate with
| them.
The Monmouth Park Race Course was laid
| out in 1870, by John Chambcrln and John Me-
Bride Davidson. on land purchased by them
| the year before from II. r. IIuick. near Long
| Branch. These gentlemen associated others
| with them and formed corporation. under the
| laws Of New Jersey. known as the Long Branch
and Sea Shore Improvement Association.
They ISSUED 1000 shares OF stock, hav-
| ing nominal pr value OF 500 each.
Chambcrlin retained 700 Of these shares and
the remainder were taken by Davidson. Jay
Gould. james Fisk. Jr.. William NJ Tweed. Dr.
| Quackcnhoss. Rufus Hatch. George Osgood
William Rogers. and others. In 1870 Cnam-
| berlin gave Tweed a mortgage upon the race
course for II loan Of 100000. Tweed transferred
this mortgage to his Secretary. Foster Dewey.
and i'm 1872. II was forecloscd. Under this
foreclosure the property was bought by William
C. Ellis. Chamhcrlins brothcr-n-law. with
money obtained from Or. benjamin Bailey of
this city. DR.. Bailey also held mortgages on
the property for ~ 600 and $3.50 With inter-
est and fees Dr. Balev's claim amounted yes
terday to ti7.53i4j. on the property are nlso
fourth. fifth. and sixth mortgages for $4,000.
| $4,000. and $4,000. held respectively hv John
| Ihambcrlin or some friend Of his. the Groccrs'
Bank Of this city. and by "A small Troiting AS
! SOriation.
Interest not hnying been paid on either mort
gag" held hy Dr. Bailey. and all heing overdue.
he applied through his counsel United States
| District Attorney krnshv NJ Newark to Chan
| crllor kuuVOu for u foreclosure OF the mort 70
gnges. The decree was granted, and Yesterday
was named MS the ,iaV Of sale under foreclosure.
The sale was nj 3oclork in the corridor OF the
Court House nj Freehold. Few sporting men
were In attendance. and the hidding was 1v no
5000 Only two other bidders appeared "a
gentleman named Blnckford who was under
stood to Ice acting in the interest Of the Cham
berlin party. and trying t. force the price So
that II should cover the fourth mortgage oi
s5UoO. and Mr.. Withrrs Mr.. Kcpsby interrupt
ed the bidding TO- explain mat parties buying
the property must become liable for the claims
81 Dr. Bailey. whien must be immediately paid.
The price had hv this time reached s91D. hut
upon hearing this notice Mr. Backlord with.
down To Mr. Wjhrrs for .p.Gi5 or including
mortgages. Interest and fn"e sjf3l4i5. The
original cost of the property aud subsequent
improvements amounttu s25O.OOO.
course Is one of the bostin the country II cons
prises about 200 acres. and has q. grand stand
with a seating acruinuludatiun Tor t.uuO per-
sons known ~ IN" handsOmcst and best
arranged in the country. The track Is
! a mile long. eighty ieet in width. and
there are stable accommodations for 200 horses
| The cours" WAS formally oprnrd on saturday
July ?. $50. ON which day there was an inn
mcnsr attendance. and llelmbold won the Mon
mouth stakes. beating Gicnrlg and lnverrsluld
Since that time II has boon the scene oi many oi
the principal running races of the past seven
years.
liz new owners are well known sporting men
make IL the best aud most popular
course in the United States. Their prescn
plan Is to open the season, on the Mon,
! mouth Park course. on IN" saturday
preceding the Fourth Of July. ami to hold a Til.
tlouHl meetings uh the 2l. ith. and 9Th ol July
lie-id 'nt- of LOns Branch are much please,
that the property hiss fallen into such good
| hands. aud john ChaWherlin also rNpr, ~ =
satis isfaction nj the result II the sale. II l.
thought hy sporting men that no legal ohle tior
Will he made to TIE snlr of auction pools and
Paris mutuals at Monmouth Park.