Racing for the America's Cup starts with a challenge to the New York Yacht Club, custodian of yachting's No. 1 trophy since 1857. It continues, when the challenge is accepted, with trials to select a defender. For the past month, in light, warm winds, three candidates for the honor of defending the America's Cup raced each other day after day on the sparkling summer ocean off Newport, R. I. They were Gerard B. Lambert's Yankee, Chandler Hovey's Rainbow and Harold Stirling Vanderbilt's new Ranger. Last week, the trials ended and on the bulletin...
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