THE RACE TRACK.
“Property has never seen a decline in Saratoga—even during
the dark days of '36 and '37, when everything seemed smashing
up,” continued Mr. Marvin. “Even the land we purchased for
the race-track has advanced wonderfully in value. We could
now sell that 125 acres and double our money. So you see the
Saratoga Race Track Association will always be solvent. The
land originally cost us about $100 per acre. It is worth $300
now. Our dividends have been usually expended in improvements.
Once we divided a 10 per cent. dividend, afterward a 17
per cent. dividend. When I first showed old John Harper the
track he exclaimed, `That is the best track in the world! and
John was right. We can stable in our own buildings 150 horses.
Besides the big track we have a small one for training.”
