Stepping Stone Purse Hall of Fame inductee Majestic Prince won this race by six lengths while setting a new stakes record and then won the Kentucky Derby and the Preakness Stakes. In 1974, Cannonade too won the Stepping Stone Purse and the Kentucky Derby and 1965 winner Tom Rolfe went on to finish third in the Derby but then won the Preakness Stakes. Stepping Stone Purse The Stepping Stone Purse was an American Thoroughbred horse race held annually in the latter part of April at Churchill Downs in Louisville, Kentucky. Open to three-year-old horses, it was, along with the Derby Trial Stakes, one
Churchill Downs in 1875. His father-in-law, Richard Ten Broeck, was an accomplished horse breeder and trainer, and introduced Clark to horse racing, attending the English Derby at Epsom Downs outside London. Churchill Downs filled a void in Louisville left by the closing of Oakland and Woodlawn, two earlier race courses. The then-rural location was along Louisville and Nashville Railroad tracks, allowing for easy transport of horses. Clark, who preferred longer races to the relatively short ones that had become popular by the 1890s, was running short of funds, and in 1894 sold the track to a syndicate led by William E. Applegate.