Distances: The economic depression in the United States that followed the Panic of 1893 led to difficulties in attracting horses for important events.
[3] That situation provided the Lexington track with the opportunity to revive the Ashland Oaks and it was added to the schedule for May 1, 1912.
The race was won by the New York filly Sprite, owned by Wall Street stockbroker Harry K. Knapp.
Trainer William Karrick then took the Hallenbeck stable to Churchill Downs where ten days later they won the 1912 Kentucky Derby with the colt, Worth.
It was won by Parfait, owned by the Dixiana Farm Stable of Detroit auto body manufacturer Charles T.