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FRENCH RACING IS HOME PROTECTIVE Ii Figaro of Paris considers what it calls an exodus of American racing folks to France to bo a return voyage of the Mayllowcr The ex ¬ odus turns out to be simply the removal of part of August Belmonts stud to a farm near Dieppe This part is made up of some twenty Nursery mares and Octagon and Ethelhcrt and is to be moved there because Mr Belmont is going to race In France and all races in France with the exception of a few open to horses of all countries are for horses bred in France This protective racing custom makes the French idea warm toward Americans of wealth who have French racing notions