These figures were obtained from the Secretary of State, the Hon. John F. O’Brien. In any calculations that may be made the capitalization of Belmont Park should be eliminated and the rental of Morris Park, $45,000, substituted for $1,500,000, in order to show how thriving a concern the Racing Trust is. It will be understood, of course, that the capitalization of these concerns may be a trifle, just a trifle, higher than the actual value of the said tracks and appurtenances, except in the case of the Saratoga track, which was built solely “for the improvement of the breed of horses.” For the right to do business on these tracks the Racing Trust pays, or is supposed to pay, to the state five per cent. upon the gross earnings of said tracks. Among the duties of the Racing Commission is the supervision of these receipts. The commission consists of Messrs. August Belmont, John Sanford and E. D. Morgan. Mr. Belmont is the president of the Westchester Racing Association (Belmont Park), and the largest owner of stock in the Racing Trust. Mr. Sanford is the power at Saratoga, and does not race until the season opens at the Spa. Attached to the Racing Commission is a State Inspector of Races. Until he was appointed to a position in the Internal Revenue Department the place was filled by Charles W. Anderson, a colored man. Reports of gross receipts are made to the State Comptroller by the racing associations and by the State Inspector of Races. It is not impossible that the latter official takes such figures as are offered to him, and it is difficult to imagine that he ever objected to them on the score of inaccuracy or any other score. The reports of gross receipts made by the members of the Racing Trust to the State Comptroller for the years 1900, 1901, 1902, 1903 and 1904 are as follows (the figures were obtained from the State Comptroller, the Hon. Otto Kelsey): 1900. 1901. 1902. Coney Island Jockey Club $494,895.06 $640,327.97 $820,184.18 Brooklyn Jockey Club 474,887.88 593,472.72 761,394.65 Brighton Beach 307,311.30 407,611.75 502,940.25 Westchester 323,041.23 432,187.86 571,178.79 Saratoga 137,248.21 272,612.24 359,342.40 Metropolitan Queens 164,555.14 225,417.69 324,177.82 Buffalo 62,519.80 ------------ ------------- ------------- Totals $1,901,938.82 $2,571,630.23 $3,401,737.89