The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-10-15
THE RACING BUsrNEsA.
The Various CHANNEL. Throurb Which
Money Changes Hands.

The Various CHANNEL. Through which
Money Changes Hands. .-,.
The returns made to the race track are we'll.
nigh fabulous. Say that one finds 100 BOOK.
makers on n course on q race day. Each OF
them Pays 500 a day FOR his privilege. In ad-
dition to this the racing association which
owns the truck gets $ per cent. commission on
every ticket sold. 1t nlso gets the profit on
the sale OF programmes at l0cents each. which
Is n big Item when $4,000 or 20. O0O people are
present. Tho bar and eating privileges nre
sold at high figures, and from $4,000 to $780,.
600 n season la paid In by tho Western Union
Telegraph Company for It's privilege. Racing
is to the telegraph company It's greatest source
ofincome. This can readily be comprchended
when II Is considered what an enormous guam
ti,y OF telegraphic matter Is sent out from the
tracks to the pool rooms and elsewhere all over
the country. Dispatches are flowing over the
wires In a continuous stream. reporting each
race nj all stages of its progress from start to
finish. and this 10 only n part OF the electric
correspondence that IL transmitted.
The expenses Of, II h~ookmakcr in active prac.
said. ho must pay 500 II day to the race track
for his privilege. lie is obliged to employ "
them a "si1est Writo ".S wI,o sasp l,M u nays I'll" . 10 10
Register each bot made in duplicate. whilo tho
other writes the tickets. This Kind II work ro.
changing every minute. and the horse that Ia
the favorits QUO moment may presently drop
maker must have u cashier at Sl5 q day. who
has charso OF tho money box. Ordinarily lie
Ter to engage someboiy for that ,o %'' iF"hSs
cashiers ant accountants arc all. sporting
men themselves. and they receive thes. high
Tuned that tho Gookrnaksr needs two or three
ton with tho paddock for tho purpose Of Oh
Obliged to spend n rrcat deal Of money on sip
plies In the way OF stationery and other things.
which which r pr all al! manui sS ana s"li at M!
raging clubs what is effectively a monopoly.
Notwithstanding these biz exren.ss. It liz
diamond shirt studs. occupy boxes when they
60 to tho theatres. and are accom- panied on
such occasions BY handsome and beautifully
dressed women. In short. thoy are hieh
only within the last decade has this
BUSINESS s,nu n ipSe. ss.s'h t vas p puPsuNd ma In :
t2r the fun that was to be obtained from Il.
Owners 81 race horses were mostly Southern
gentlemen, But the time came when people
in the North saw that there was IN oney in The
F%aiset,o. owned BY Hunt Ksvnoids. came from
tho south and met 1t Saratoga The neetest
owned by.j il. Kesns. FaIsetto won. and soon
s.sh., M1, sh' w san' the hsri is fsessF ths .es sa M;. sn:r
$500: "' Pisrrs' iEoriiiard ' thsrenp9H 6oux II
Wond.riui iq pric ." "a $4,000 Nso sH'n eonS''e''u "e
The only racing owners in the North In those
Parole and i]roauois. which iatter was Inc only
a Amf fnslan ra's aa tsat ns' t fxsf wen sy.nt ~" IN G issi.
George Losiilnrd owned tho Duke Of Magenta
elin. Stud. at tho head Of which was Pride Of
the village. August Belmont had II stud which
tdRSru Of Po a o 01 LEONARD ard J JeSans" and DAVID
Durham ,withers were also owners Of fine
men that racing was getting n hold on people
Of the North and the DIVERS who we're th.1
named Wren: Subsequently, they bought
AHssfnRn p1ater" ' cRarli be aofhsm anq THUS a1s0 tt sss
formed the nucleus OF what was destained to
California, Hsss!n. the copper King; Con:
ffittsSa1sh c' 'Sorr a:a and others sun upd 81
to establish , the , sPS5s on a BUSINESS basis; 4
track became popular tho Jerome Park Rae
ing Association tried TO buy 1t. offering an
: ssHtT So thes T's *. e ysr shs .iFS arR xssss TSqi% sc. :st
l let ID q 81 suitable 4 t ,6I Local LEGALITY at Sheepshead Bay;
Often esceed."d SOU R Rs'i pres ent'f ths 90" sveo .
known as the "FutYrity;" which is contested
less than S50.O0O to tho winner. 1t is run
BY two.year-olds. and all OF the entries are
made before the animals entered are born.
There are always several hundred entries.
withdrawn up to within a certain time Of tho
race. When the latter comes of there arc
never moro than a few contestants. simply for
the reason that n great majority Of the horses
have meanwhile made it evident that they
would have no chance. so that their owners
withdraw them. together with the drawbacks
In money allowed them.
The next biggest purse is the Realization.
for which horses must be entered when they
are ye Ids r2lts, it - q G4ht ss5 81 mn6 fhr rec
Omnibus; rYn at Monmouth. Is worth s25.oo9:
Park. from $1,000 to $4,000. tho suburban.
at SheeEshead Bay. $4,000 to 2O.Oe ths
to $4,000; the Cham pion: at Monmouth. on
the Same day. $1,000 to $4,000. The Twin
City Handicap and the Brooklyn Handicap.
both for horses OF all ages. and tho Great
Eastern. for two-year-olds. have zach a guar
antee OF $lO.OOO
This will give a fairly vivid notion OF the
vast amount OF money spent on racing nova
DAYS.