http://www.thewheelmen.org/sections/photographs/highwheel/regviews/highwheel1v.jpg
For comparison, here are some other racing outfits of the time:
I always love it when history makes me re-evaluate something I thought I knew—in this case, just how short someone was willing to wear their garments in the 1880s. It's a wonderful reminder that diversity of choice exists in every era.