NOVEL POINTS RAISED BY DISQUALIFICATION.

LONDON, Juno 10. i Discussion on the most eventful __ of jaces. for- the Derby continued long after tho race had been decided. Strong differences of ©pinion wei'e expressed last week as to the action of the stewards in disqualifying Craganour' and awarding the race to Aboyeur. This was certain to be so, for the reason that enor- ' mous pecuniary interest were at stake. : Mr Bower Ismay's Craganour had for a long time been favorite' for the race ; and a colt does-- not keep his position in the Derby "market" unless large sums of money are coming in on his behalf. By far the best view of the finish is > obtained by occupants 'of the' little'private stand on the far side of the course ; they look down on the- horses, who pass, it may almost be said, close to them, arid profound astonishment at the stew- j ards' ruling was expressed by many of ! those who were in this particularly fav- ; orable situation for observing. The idea i was that both jockeys were at fault, so far aa fault was to be found, : ndeed it is stated that Aboyeur made an attempt to savaga Graganop^ and that "ihe bumping, at this point at any rate, was ■ duo : to the horses themselves. It is held to be strange, moreover, that if there were grounds for an objection one was not made by Mr A. P. Cunliffe, the owner of the* colt originally placed second. ■ .■. . , ! This is one side of the subject ; the | other is that the .stewards were convinced that the riding had been <iulpably reckless- if not actually foul, and the evidence they called was held to confirm their impression. The great question is of what this evidence consisted. One thing certain is that jockey3hip •has seldom if ever been at so low an ebb as it is at the present time, and not a little riding which' 'gives .rise £o suspicion of fovil intention is merely dub to sheer ■ inability to control a horse whose rider is perched on the' animal's withers. It has happened more than onco of late years that the Derby has not been won by the best horse among the starters, and this year's raco appears to bp another instance. If it were run again there is little doubt that Aboyeur would not be generally chosen as the probable winner, nor would confidence in Craganour be : extreme'/ Mr Hulton's ,Shogun was galloping- n a vigorous fashion,, which many believe would have ensured success, when he was so seriously hampered that his chance vanished, and 1 others assert that Mr Raphael's, Louvois suffered from interference which not improbably lost . him the prize. ' PROBLEMS IN PAYMENT, ' ', The result of ' the Derby has given rise to a series of problems in the settlement of sweepstakes. Sudi .matters are, of courae, subject to the Rules of Racing. Sweepstakes on. the race,, are decided on the final placihgs, and not on those of the judge. In some sweepstakes it is customary to award a prize' to, the last horse. CraganouT: was the last horse, as the following Rale of Racing shows": — "If an objection to' a horse whicJvhas won or been placed in a racfr be deciared valid, the horse, shall ■ be- regarded as having been last in the race, And the other horses shall take positions accordingly." ■■• •- Y On a" great betting face like the Derby, too, there must have been manywagers on the respective abilities of twohor3es. If, for instance, a person wagered that Craganour would beat Shbgun, he lost, because Cragahoury to -t-he ' Rule of Racing, finished last.