STEADY INCOME

Sun (Auckland), Volume III, Issue 925, 19 March 1930, Page 12

STEADY INCOME

THE AMOUNIS GURGLE LUCKY OWNER The. steady flow of money into his owner's banking account from the turf efforts of Amounis this season has been like a little gurgling brook that never ceases. A fortune flows past, and owner Billy Pearson never needs to handle it- Being a rich man, it gurgles past him and on into the bank. All the handling of stakes, bets and payments is left to Frank McGrath. McGrath is not only trainer for Amounis, but cashier and secretary for him, too. He enters the horse, pays nomination and acceptance, .Hockeys fees, expenses of such trips as the recent one to Melbourne, makes bets, and generally manages the financial side of Amounis’s racing. The expenses he deducts from winnings, and the rest goes into Mr Pearson’s bank. Somebody was arguing with Mr. Pearson in the club about the horse’s winnings, and he declared, “I’ll bet lie’s won over £30,000 for me alone. i haven't added it up, but it’s a lot of money, and well over £30,000 I'm sure.” * A Cheap Horse That is a fact. Amounis won two races and £364 for trainer Joe Cook who then sold him to Mr. A. P. Wade' and in his colours he earned £2,489 lor three wins, including the Rosehill Guineas. x Then Mr. Pearson got him for J.SOO guineas at auction, and for him he lias earned about £34,000 for 22 winning

Pea . rso . n has won probably as much again an bets, and others connected with the stable have also prohted extensively over Amounis’s victories by backing him. When Mr i eai son fancies Amounis he waiters substantially, but at other times he if content with a bet that will cover the expenses of the race. Thus he sm, n t Y VO Y ry 4° over to see Amounis. stait.in the St. George Stakes a fortnisht ago, but merely instructed McGi cith to put £SOO on him. The trainer in turn asked a friend to put £9OO on Amounis, and the >L a ff r . at odds on was booked 1 their behalf. Frank McGrath collected the bets, paid the jockey, made cifts to the stable hands looking after Amounis collected the stake, and iiabf ak ‘h the nec essary deductions,' credit! balance to Mr. Pearson’s A Steady Flow This is always the procedure. As Amounis has won money either for straight-out success or a minor place ]ntn ea \fr °4 11S last 21 rac es the flow Steadj tadeed" 50 " 8 aC °° Um has The engagement of jockeys is another matter left to the trainer Ja?k but Mr "T many T aces on " mourns but Mr. Pearson didn’t know him on hi? ne „ nl v ht . ° n the A, bury station on nis to Sydney somebody ou } boy who had ridden his horse to victory, and he went un und shook hands with him. To Munro, who won him two Epsoms and innumerable races, he has only spoken twice in his life, and Jim Pike his present jockey, he sees onlv I rarely. ! Mr. Pearson has a good manager in i Brank McGrath, and knows he needn’t i worry about details.