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July 4, 1935 - Indiana State Fairgrounds, Indianapolis, Indiana

The Gold and Glory Sweepstakes was not held in 1934. In 1935, a promotional team from Dayton, Ohio, took over its organization. They trumpeted aerial stunt shows, fireworks, and an all-day band concert surrounding the race, which again was to be held on July 4. The race was never held, however. According to many reports, the promoters slipped out of town during the air show, taking with them thousands of dollars in gate receipts. There was no purse for the drivers. Most of the competitors refused to go ahead with the race, choosing not to risk their lives without the opportunity to win prize money.

Some eyewitness accounts noted that members of the crowd “passed the hat” to collect a small purse to offer the winner, if the drivers chose to race. Some witnesses remembered an abbreviated racing event being run that day. There is no record of a race being held, or any documentation of a winner. A list of the race entrants is below.