Monday, May. 13, 1940

Arlington Changes Hands

An experiment noble in purpose was the non-profit organization that operated Chicago's swank Arlington Park race track for the last eleven years. Its sport-loving founders--John D. Hertz, Warren Wright, Charles A. McCulloch and other civic-minded Chicago millionaires--put $2,400,000 into Arlington Park in 1929, turned its annual profits back into the plant.

Lately, Arlington's founders have grown less & less enthusiastic about their boom-day baby. Last week, Arlington Park's owners sold their magnificent racing plant. New owners: a profit-bent group of Chicago businessmen, headed by John D. Allen, Episcopal lay leader, whose armored cars (Brink's Inc.) protect the money bags at many a U. S. race track. Price: $1,600,000.

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