Show I LARGE CORPORATION I TO TAKE OVER O TRACKS CIS Louisville Ky F Feb A A 26 A corpora corpora I tion lion with a capitalization of or to be known as the Kentucky Jocke Jockey club club Is to be formed to take over oer the four tour Kentucky racing racing- plants Latonia I. I Lexington and ln Douglas Park and amI Churchill Downs upon which options were recently taken by a syndicate or Kentucky horsemen In the announcement it Is declared I I that among th the objects sought In the consolidation is tho the placing of or racing on a higher plane In th the state and the tho belief belle is indicated that this can best be dono done b by widely scattering scattering- the stock among among- bre breeders ders an and racers of or thoroughbred thor thor- ou horses themselves es The capitalization will be bo divided l Into of preferred stock and tOJU of oC common stock |