The race track of Buenos Aires, called the Hippodromo, is a monopoly of the Jockey Club in that city. This club is an exception to the general run of clubs in the world, for it has more money than it knows what to do with. The troublesome surplus in the bank is the only problem that bothers the board of directors, and it is bringing gray hairs to their devoted heads. A half million dollars (an Argentine dollar is worth forty-three cents) is devoted to charity each year, but that is only a small part of its income. Ten per cent. of the total amount of stakes on the races is the property of the club. This, together with the gate receipts and membership dues, gives the Jockey Club an enormous income, running up very close to eight figures. The several hundred members each pay dues amounting to fifteen hundred dollars annually, and the initiation fee is four thousand dollars. The membership is always full, and there is a long waiting list of eligibles. About a year ago a proposition was seriously discussed by the club to purchase a dozen blocks right in the heart of the city, construct a broad and beautiful boulevard through it and make a present of the improvement to the city. The estimated cost was in the neighbourhood of fourteen million dollars. When the proposition came to a vote it was lost by only five votes. It was defeated, too, not on account of the cost, but simply on the question of the advisability or practicability of such a scheme. The club had the money on hand, and they are now worrying themselves again as to what to do with it.