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...spring of 1929 a gangling, 16-year-old kid, with a Daily Racing Form bulging out of his coat pocket, ambled around the grounds at New England's fashionable St. Paul's School, taking bets on the Kentucky Derby. He was Alfred Gwynne Vanderbilt Jr., whose father had gone down with the Lusitania. His mother, twice remarried, owned a fine stable of thoroughbreds, and young Alfred, heir to some $20,000,000, was champing at the bit for the day when he could spend all his time among horses...

Author: /time Magazine | Title: Sport: New Deal | 12/4/1939 | See Source »

...stable. When he was 25, he bought a sizable interest in the venerable Pimlico race track outside Baltimore (of which he later became president). The same year he became the youngest member of The Jockey Club, the handful of oligarchs who govern U. S. horse racing. Last week Alfred Vanderbilt succeeded ailing 66-year-old Joseph E. Widener as head of New York's elegant $4,000,000 Belmont Park, founded in 1905 by Granduncle William K. Vanderbilt, William C. Whitney and August Belmont. At 27, Alfred Vanderbilt, president of two of the most important race tracks...

Author: /time Magazine | Title: Sport: New Deal | 12/4/1939 | See Source »

...sincere desire to give the public what it wants. At Pimlico he introduced the unprecedented policy of a stake race every day, removed the famed infield hillock that obstructed the spectators' view, and inaugurated the Pimlico Special to determine the Horse of the Year. Last week Turfman Vanderbilt's main problem was: how to make elegant Belmont popular with inelegant New York racing fans (potentially increased for 1940 because of the recent legalization of pari-mutuel betting at New York tracks...

Author: /time Magazine | Title: Sport: New Deal | 12/4/1939 | See Source »

...bring the race closer to the stands, President Vanderbilt last week contemplated shrinking Belmont's traditional racing strip to 1⅛ miles-the same size as the tracks at Saratoga, Hialeah, Washington Park and Arlington Park. Whether the proposed track will be ready for the 1940 spring meeting is problematical. The fate of the Widener Chute, also unpopular with railbirds because the horses start almost a mile from the stands and finish at an angle, is as yet unknown...

Author: /time Magazine | Title: Sport: New Deal | 12/4/1939 | See Source »

Adopted. Jean, five-month-old girl; by James Bernard Schafer, Messenger (headman) of the Royal Fraternity of Master Metaphysicians; in Oakdale, L. I. Jean's home will be the 100-room Oakdale mansion (formerly William K. Vanderbilt's) acquired by the R. F. M. M. last year (TIME, July 11, 1938), who changed its name from Idle Hour to Peace Haven. A religious cult dedicated to Peace and practicing a mixture of Rosicrucianism, Christian Science, Christianity, Supermind Science, and faith healing, the Fraternity will attempt to make Jean immortal, by bringing her up in an environment where death...

Author: /time Magazine | Title: Milestones, Dec. 4, 1939 | 12/4/1939 | See Source »

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