Sport: Big John

In all the world there was no happier man last week than Manhattan Banker William Woodward. Sitting in his box at ancient Churchill Downs, the 63-year-old millionaire watched his big bay colt, Johnstown, parade from the paddock with seven other top-notch U. S. three-year-olds—all that were ready to start of the 115 nominated last February—for the 65th running of the Kentucky Derby.

Millionaire Woodward, who owns one of the finest stables of race horses in the world, had won two Derbies before (with Gallant Fox in 1930 and Omaha in 1935) and had won...

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