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AUGUST BELMONT ON RACING LEGISLATION. New York. June 1C— Racine men in the metropolitan .lislii.-t do Hot s»-olll to he worri.il be.-.nise the smeriior su-niil the new racing bills at Albany. Yesterday August I.elnioiit. chairman of the Jockey I lub. said that racing would continue until Scptcm li*T 1 al L-aM. 1 En f he ih-plor.-.l lo.vernor Hughes action. es|,o.ia!! as a blow t.. the lirecding of haraea. Kifxardiag the effect on racing he said: -There is no reason w hv racing BhafrM tKit be cniiiiu..!. The bill which is called the oral-hettiag hill riups not I., come o|M-ralive as a law uulil Sepleiu-Im-i- 1. Tbere has U-.-n no Ixiokmakiii- on the Hacks ■Bier tie- juris.li, ti,,n of the Jockey Cluh since the Jvea i«h I law araa wined out. The directors per s-iiial liability law. as I understand it. becomes operative at once. Hut as the Court of Appeals has decided thai the present mode of oral Letting i- iioi a violation of aiiv law. I cannot si-e how any director .an lie held liable l..r a crime when I he highest court in tin- slale aaya no crime lias 1 u coinmittei;." Wl ether racing will continue after September 1. when tin- anti oral hetting law lak.-v .ile.-i. is a Mil.ject Mr. I.eliiioiil said the J.N-key Club stewards must consider. Owing to the amhigiiitt of Hi. law it Is likely the coiirl- will lie asked to interpret its l ro isiuli*.