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PROPOSITION NOT TAKEN SERIOUSLY. New York, Julv 20.The widely circulated yarn that there may be legislation next winter to prevent the racing of two-year-olds iu this state before August 1 is being generally .ridiculed. Horsemen and breeders sav tliev do not favor such a measure, while leading politicians declare a bill of this kind would have no chance. The originator of the story falls to disclose his motive, but it Is accepted as a faet that he is supported by several disgruntled individuals who have been unable to win some of the early twoTjear-.oul stakes.,
