New-York tribune., 1910-08-26
sl25,0OO FOR Av|ATORS
Aero Corporation Now Has AM
ole Funds for international Meet.
AIRMEN TO SHARE PROFITS
Chairman Gillespie Believes This,
and Prizes, Will Insure
Hearty Co operation.

Everything now seems bright for a highly
successful international meet and for a
highly profitable time for the aviators who
enter the contest
Lawrence L. Gillespie chairman OF the
subscribers committee which has raised
the funds for the meeting. reported to the
Aero Corporation, Ltd, yesterday that
S125,000 had been subscribed. and that the
committee was now prepared TO lend this
amount to the Aero Corporation TO con-
duct the contest
OF greatest importance IN all the arrange
ments for the big international meet Is the
fact that for the first time in such contests
the aviators will be permitted to share III
the net profits OF the meeting. and there
VIII be cash prizes approximating s"jHo
OF the first 800, coo. after paving the neces-
sary expenses OF the meet the aviators are
to receive 10 per cent. and of ali sums be-
yond this they are to get % per cent.
The distribution will be made on some
graded scale to the winners and place men
In the various events. This arrangement
has met with general approval by all or the
American aviators, and it is expected that
an exceptionally large number of European
contestants will be attracted by the unusual
offer.
Mr.. Gillespie, after making his report,
said:
The results Of this method Of distribu-
ton Of the prospective profits are that the
ayiators who contest successfully IN me
various events will receive by far the
greatest portion of the funds collected, and
they thus become mutually interested with
the management in the SUCCESS or the en-
terprise.
In addition to this bonus offered the men
who hy, there is a fund approximating $40,
600 to cover expenses of the aviators-
BY this action on the part of the sub
scribers committee the first step in carry
ing out this big enterprise has been com
pleted, and the financial management OF
the meet will not again come TO the front
until after the races are over.
The practical work of managing the en-
terprise will now devolve on the committee
on arrangements, whose chairman, Allan A.
Ryan, has undertaken many OF the labOrs
devolving on a general manager. in addi-
ton to his other duties as Tlce-preSldent
and member of the executive committee.
Mr.. Ryan has organized an office on the
eleventh floor of the Fifth Avenue Build
ing, whore he ts being assisted by F. s.
Battershall. secretary Of the committee on
arrangements: by Henry c. Drayton. sec
retary of the finance committee. and others.
The general management of the racing side
Of the meet will devoIve on J. {. MCCoy,
chairman Of the aviation committee. who
will act TOR the Aero Corporation in its
relations with the aviatOrs. and in looking
after the rules and prizes, and everything
that has 10 do with the sporting phase of
the meeting
The programme VI events has been com
pIeted. and now lacks only the approval
Of the officials. when 1t viii he sent broad
cast among the aviatoTs OF this country
and Europe The work Of remodelling Bel
mont Park for the big tournament is al
ready under way.
Fences and other distractions are being
removed and q two and one-half kilo-
meter course is being laid out directly I'm
front of the grandstand. In addition 20
this a five kilometer course is being sur
veyed. which leads away over some of the
adjacent country This course is for the
International trophy contest, which will
probably take place on the last day OF the
meeting