Articles of incorporation were filed for Keeneland Association.
Hal Price Headley was elected president of Keeneland Association, Jack Young first vice president, A.B. Gay second vice president, Brownell Combs secretary and W.H. Courtney treasurer. Headley served as Keeneland Association president from 1935-1951.
Keeneland Association purchased 147 1/2 acres of Fayette County sportsman J.O. "Jack" Keene's property on the Versailles Pike for $130,000 in cash and $10,000 in preferred stock at par value.
More than 15,000 people attended an open house at the race track, held primarily to introduce the public to the new totalizator, the first to be installed in Kentucky.
An agreement was ratified with Turf Catering Company of Chicago for the operation of all concessions.
Keeneland held its inaugural card. Paid attendance for the nine-day fall meeting (Oct. 15-24) totaled 25,337.
Financial statement for the year revealed a net loss of $3.47.
Keeneland staged a showing of seven outstanding geldings, retired from racing: Sarazen, Mike Hall, Osmand, Clyde Van Dusen, Jolly Roger, Cherry Pie and Merrick.
The first auction of Thoroughbreds was held in the Keeneland paddock. A total of 31 lots brought $24,885, an average of $802.74. High price of $3,500 was paid for Marmitina, a 9-year-old mare with a suckling colt at her side.
Keeneland establishes its library, anchored by the donation of books from William Arnold Hanger.