Evening star., 1961-03-28
Officials Holding
Track Stock Named
Report Shows
Race Course
Ownerships

A nearby Maryland police
chief, a United States Sena-
tor, several Maryland judges
and other State officials today
were listed as stockholders in
Maryland race tracks.
Abandoning a long-standing
policy of secrecy, the State
Racing Commission, prompted
by a ruling handed down yes
terday by State Attorney Cen
eral Thomas B. Finan, made
public the names of race track
stockholders who are public Of
ficials.
The ownership picture was
far from complete with respect
to some of the tracks, however.
For example, the Bowie track
with a total of 730,097 shares,
reported 229,320 held in It's
treasury, leaving approximately
100000 shares to be accounted
for.
Held by Brokers
Brokerage firms held 308,771
of these 100000 shares, and
racing commission records
failed to show individual own
ership of this three-fifths of
the outstanding stock.
Also, Baltimore Raceway,
with a total of 100000 shares,
reported 1866 held by broker
age firms and an additional
94,725 held by owners of less
than 1000 shares each, with
their names not listed.
The Bel Air track, for ex-
ample, with a total of 10000
shares is owned principally by
the Bel Air Realty Co., Inc,
with 13,008 shares. Of the re-
naming 1000 shares, about
half-or 3,557-were bracketed
under the category of holders
of less than 100 shares each"
with names not listed.
Prince Georges Chief
Prince Georges County Police
Chief George j. Panagoulis and
his wife Claire were listed as
owners of 312 shares in the
Bowie track - owned by the
Southern Maryland Agricul-
tural Association-in stock rec
ords listed as of December 81,
1859.
Other Bowie stockholders in
cluded: Maj. Wilbur H. Conroy,
adjutant Of the Maryland State
Police, 5,096 shares, owned
jointly with John S. Conroy and
Mary Louise Reilly; former
Representative Lansdale G.
SaSscer, sr., a member of the
Maryland Civil War Centennial
Commission, 300 shares, and
Circuit Judge Ralph w. Powers,
500 shares.
The records disclosed that a
total of $500 shares of Cum
berland Fair Association stock
was outstanding as of 1855. OF
these, 1903 were owned by
Senator Beall, Republican of
Maryland, and his wife, Mar
garet.
Judge in List
At Marlboro-the Southern
Maryland Agricultural Fair As
sociation-Stock records on De-
cember 81, 1859, showed a total
Of 200 shares. Owners included
Hall Hammond, Associate
Judge Of the Maryland Court
of Appeals and a former at
torney general of the State,
one share; Maj. Conroy, nine
shares, owned jointly as in the
Bowie records, and John T.
Parran, a member of the State
Senate Commission on Inter-
Governmental Co = operation,
one share. =.
The tracks stock reports, in
many instances, failed to show
stockholders of fewer than
1000. 500 or 100 shares. No
reports from the Hagerstown
or Timonium tracks were made
since. according to the racing
commission, no one holds more
than 10 shares at fTagerStown
and the Timonium tracks is op-
Grated by a non-profit corpora
ton associated with the Mary
land State Fair.
Other Maryland Tracks
Stockhold d ers and shares
listed at other Maryland tracks
included:
Baltimore Raceway (Balti-
more Trotting Races, Inc. as
of December, 1959-House Ma
jority Leader A. Gordon Boone
of Baltimore County, $3.50
shares (Mr. Boone last week
disclosed that he owned stock
in the raceway): John Gray
son Turnbull, 1000 shares.
and George M. Berry. 500
shares, both associate judges
of the Third Judicial Circuit:
and former Associate Judge
Michael P. Smith, of the same
court, 1000 shares.
Also at Baltimore Raceway-
E. Stuart Bushong, treasurer of
the Washington County State
Central Committee, 1000; c.
william Hetzer, a member Of
the same committee, 8,970:
Jerold c. Hoffberger, a mem-
Der of the State Economic De-
velopment Commission, 8,709,
and Mr.. Hoffberger and his
wife, Alice, 1,848.
Rosecroft (Rosecroft Trotting
and Racing Association as Of
June 80, 1960-Edward S.
Digges, special assistant attor-
ney general for the Tidewaters
Fisheries C Commission, "a shares.
Ocean Downs Ocean Downs
Raceway Association, Inc.) as
of September 80, 196O-Paul A.
fNssAn vysA -.