Ladas was then matched against Isinglass, the Triple Crown winner of 1893, in the £10,000 Princess of Wales's Stakes over one mile at Newmarket on 5 July.
The race attracted a large crowd including the Prince of Wales (who supported Isinglass) and the Queen's cousin George, Duke of Cambridge (who favoured Ladas).
The field also included Raeburn, the only horse to have beaten Isinglass, Ravensbury, who had won impressively at Royal Ascot, and Bullingdon, who had recovered from the bout of coughing that had reportedly affected him at Epsom.
The early pace was slow, and Watts held Ladas up behind the leaders before moving into the lead just over a furlong out.
He was immediately challenged, however, and overtaken inside the final furlong by both Isinglass and Bullingdon.
Isinglass prevailed by a short head with Ladas, who was eased in the closing stages, finishing a well-beaten third.
Ladas appeared to be perfectly sound after the race, and the only explanation offered (by The Sportsman) was that the slow pace (the winning time was 1:48.4) had produced a false result.

In the Eclipse Stakes at Sandown on 20 July, Ladas met Isinglass again, this time over ten furlongs on soft ground.
Isinglass started favourite at 4/5 (0.8/1) with Ladas on 13/8 (1.6/1) and the other runners, who included Raeburn, Ravensbury and a filly named Throstle virtually ignored.
The outsider Priestholme set off at an unsustainably fast pace, followed by Isinglass, with Watts restraining Ladas towards the rear.
Priestholme dropped away in the straight, leaving Isinglass in the lead with Watts moving Ladas up to challenge.
The two Derby winners dominated the race in the closing stages but in spite of a "game pursuit", Ladas was unable to overhaul Isinglass, who won by a length with the rest of the field, headed by Throstle, well beaten.
There were no excuses for Ladas: Watts admitted that he had been beaten by a better horse.
Ladas was then matched against Isinglass, the Triple Crown winner of 1893, in the £10,000 Princess of Wales's Stakes over one mile at Newmarket on 5 July. The race attracted a large crowd including the Prince of Wales (who supported Isinglass) and the Queen's cousin George, Duke of Cambridge (who favoured Ladas). The field also included Raeburn, the only horse to have beaten Isinglass, Ravensbury, who had won impressively at Royal Ascot, and Bullingdon, who had recovered from the bout of coughing that had reportedly affected him at Epsom. The early pace was slow, and Watts held Ladas up behind the leaders before moving into the lead just over a furlong out. He was immediately challenged, however, and overtaken inside the final furlong by both Isinglass and Bullingdon. Isinglass prevailed by a short head with Ladas, who was eased in the closing stages, finishing a well-beaten third. Ladas appeared to be perfectly sound after the race, and the only explanation offered (by The Sportsman) was that the slow pace (the winning time was 1:48.4) had produced a false result.
In the Eclipse Stakes at Sandown on 20 July, Ladas met Isinglass again, this time over ten furlongs on soft ground. Isinglass started favourite at 4/5 (0.8/1) with Ladas on 13/8 (1.6/1) and the other runners, who included Raeburn, Ravensbury and a filly named Throstle virtually ignored. The outsider Priestholme set off at an unsustainably fast pace, followed by Isinglass, with Watts restraining Ladas towards the rear. Priestholme dropped away in the straight, leaving Isinglass in the lead with Watts moving Ladas up to challenge. The two Derby winners dominated the race in the closing stages but in spite of a "game pursuit", Ladas was unable to overhaul Isinglass, who won by a length with the rest of the field, headed by Throstle, well beaten. There were no excuses for Ladas: Watts admitted that he had been beaten by a better horse.
Ladas (horse)