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Show Cmpiror aj Cap Challtn&tr, It Is reported In London that Emperor Em-peror William of Uurtnany may take the place of Hlr Thomua l.lpton as ths next challougor for the America cup. If Hlr Th. mius Is not yet discouraged the first pluce should, ot course, be held opeu tor hltn, but there Is nu apparent ap-parent reason why a German yacht should not also be allowed to enter and the conteat become triangular. The America cup la an International trophy, and the. fiuteat bouts of all nations na-tions should be allowed to compete for tha honor of Ita custody. If Kaiser Wllhelm haa his eyea on the cup It behooves the Yankee, ynchtatunn to be up and stirring. The Hermans do things thoroughly, and It la rertalu that Wllhelm II. would not send a yacht across tho Atlantic unless satisfied satis-fied It had a good chance of winning the "blue ribbon ot tha sens." It Is sure that tha presence of an Imperial yacht flying tha Herman Hag would add much to the public Intereat In the races, and It la not entirely beyond tUs bounds ot possibility that tha Kaiser himself might crosa the water to see the yachts In action. The Oar of Russia Rus-sia might also be Invited to send ths taateat boat his shlpbullilera can turn out, and In the course of time the con-teat con-teat for the America cup mlitht lie fought out between representatives of tha greatest nations of earth. Certainly Cer-tainly the royal rivals and yachtsmen of Kuropa could find no waters In which they would be ao sure to get tulr play and a good heating as In those of the United Slates |