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Californian Plans to Revive Vanderbilt Cup Auto Races MONTEREY, Calif., May 11 UP. Edison A. Holt, wealthy Carmel Valley rancher, announced plans today to revive the famed Vanderbilt Cup auto races this November. Holt and his brother, William K. Holt of San Antonio, Tex., will build a three-mile, cross-country closed track at a cost of 0,000 on Holts 1,800-acre ranch. The course will have a mile-long straightaway and sporty hills and curves. Holt said he has the sanction of George Vanderbilt of Honolulu, who now has the cup, and is seeking the cooperation of the Sport Car Club of America. Holt said the Vanderbilt Cup will not replace the Pebble Beach sport car races, but will give the Monterey peninsula a second event of this kind. He is also plan-. ning a Concours dElegance at Pebble Beach. The Vanderbilt Cup was last at stake in 1919 at Santa Monica. It originally was run at Long Island, N. Y., when it was offered by the late William K. Vanderbilt. The race was discontinued in the East after several spectators were killed that year by cars running "off the roads.