Roy Chapman

SARATOGA SPRINGS, NY--Late in the Hall of Fame induction ceremony Friday, master of ceremonies Tom Durkin moved close to the microphone and declared it time for the "Smarty Party" to begin. The crowd that filled the Fasig-Tipton sales pavilion for racing's annual feel-good day roared its approval. Within a few minutes, Smarty Jones (Elusive Quality), winner of the 2004 GI Kentucky Derby and the GI Preakness Stakes officially joined the National Museum of Racing's Hall of Fame. The Pennsylvania-bred had been eligible for the Hall of Fame since 2010, but...