THE DERBY.

(From the Daili/ News, Afuy 28.) j Tho racing oommonccd with thoßcntinok Plate, but although this " event " resulted in a vory good raco, it failed to oxdto any largo amount of intercut, The first raco on tho Derby day Is indeed very much like tho drama before tho pantomime; no ono listens to tho (li'iunn, no ono oxcopt thoso who bet pays any attention to tho raoo. Tho Derby witH fixed, an usual, for 3 o'clock, and at least a quarter of itn hour boforo that time the coureu was olciwcd, and tho majority of tho hoeaoß came from tho paddock on to tho oourao. Tho first to appear wcro Sir J. Ilawloy'n three, Bluo Gown, Hosloruclan, nnd Groen Bleovc, who were fallowed by Paul .ToiK'H, Orion, 8t Honun, Franchise, Forest King, Hpooulum, L'nco, Suffolk, nnd King Alfrod. All oyos wito looking fur tlio favourItoj all volcos enquired, " Whcro's tho mare ?" Hut tho whlto and scarlet hoop wrtfl not to bo dlfl«overod| nnd noltbor now, nor 'indeed at any subsequent period, did Lady I'll lzubeth show. That hlio ran, oyory ono was bound to bollovo, bocauso hor numbor was hoisted on tho telegraph, but with tho exception of the few who wKnoHsed hot 1 lagging at tlio post few men even flaw her. After ilia horses had walked well towards Tattenham«cornor thov turned round and cantered past tho stand* In tlio Btyio of, fff>J»g tlioro was, lo | an uu professional oyo lltllo to ehooso between Sir J, Ilawlcy's lot, excopt that Bluo Gown appeared to gallop a littlo moro f ruoly and with a largoi' strldo than tho other two. Tho ofclior horoofl woro watched by their friends and backers, and cadi man appeared to tvdmlro moflt tho action of tho horso that ho had backed. Lady Elizabeth never oven ontoral tho paddook. hho and Cook»of»thcWalk jolnou tlio other horaos only immodlntoly boforo tho starting-post, nud us soon as Mr M'Goorgo endoiwowud to despatoh thorn it wan dear that hoc ladyship Intended to avail hvrgolf of tho fcmtnlno prlvilo«o of showing tho worst ponsiblo temporupon tho occasion on which it) wan moat important that oho should bo In tho best, Three or four f«l«o starts did not contribute to tho improvement of her disposition} oho was tho last away, and with nlmont immaterial exception Hho was tho lust throughout. As tho horsca ciimo round TaUonlmm cornev Sir J, Hawley's threo wore almost if not quite abreast, and as tho broad lino oil chovry colour Btruck upon llio oyo thcro wan a general «hout of " Hawloy wins." No one attempted to separate- tho hoi'HOH, but no one seemed to doubt that of thrco homes ho forward, and nil apparently running bo well, ono must win. Almost immediately, howxivor, «omo Individual more qulckslghtod than hla follows asked, " What's that with tho bluo." Kvory gluss was at onco turned in search of tho blue, and it was immediately discovered that a horso ridden by a iookoy In a bluo jacket was in reality in iidvunco of! tho cherries. This horso was for fiomo Umo mistaken for Suflblk, and oomo of thoflo impotuotiH pooplo who always will bcliovo that a raco U ovor boforo It In bogun raised tho cry, " Suffolk wins," " Tho Huron wlnfli" 'i'ho dangcrotui horuo was really not Suffolk, but King Alfred, Baron Rothschild's nooond Htvlng. •• Onco," (( twice," tho cherry jackets appoarcd to try, Itoaicruolau and Green Blcuvo had each done tholr best and /iillod to reach tbo King. Then, and not till then, whon tho dUtanco was reached, if not piiHSul, Wollfl brought up Bluo Gown. Tho tlmo that hnd boon oonsumed in thu fiuiitloHii attomptfl of Hoslci'iiulaii and Green Hloovo had allowed Homo advantago to the baron's homo, and at ono time Homo people thought that Blue Gown would not get up. In front of. tho grand stand ho wan hardly moro than at tbo glrtlm of King Alfred, but as Wollii pushed him on and on, he overran his opponent, now rcachod lifo »houlder, now lilh head, and flnWiod about a length bisfoio him, When tho number of tho winning Jiornc appeared thcro who a loud cheer, and tlio men turned to each other, ami asked, " Where wan tho favourite?" "Where was her Ladyship ?" To thQHO questions no ono could at tho moment givo nny answer, but flubscquem inquiry olicltod tho I'aot time sho was somewhoro nmong tho last half-dozen horses. TllO KIOHTY-NINTU DllllDV S'l'AlCliS, of 50 ttovti ouch, h ft, for 'i-yr oldn ; ooltd, Bhl 101 b; Ulllou, flst r>lb > the second torouolvo 100 sovh out of llio stakes. 1 milo and a half. 202 subs. Bit J. llawloy'fl b o-])luo Gown, by Doaduinim „ (Wolld) 1 JJaron ,Koth«clWld'« b o King Altml „ ... fNormnn) 2 Dulco of Nowcuullo'u b o Speculum (iCoiiyon) 3 , Tho following also ym s — Paul Jones, Orion, Gretn Sleovo, Kosleruoian, st Ilonan, Lady Jilizabotb, Franehlso, Forest King, Coelt of tho Walk, o by Brother to Bird on the Wing, Sanißon. viscount, Cap-iVl'le, SeeSaw, and Suß'olk. Bolting i 7 to 4 against Lady EllsKibuth, 100 to 30 agflt Bluo Gown, 8 to 1 agst Paul Jonos, 10 to 1 agst Suffolk, 100 to 8 ag*i Speculum, 100 to 7 ugst Orion, 25 to 1 agst Hohl ruclun, ')3 to 1 each agst Cap-d-lMc, Pace, and Grcon Sloovo, io to l ngst Hco JSaw, SO to 1 caoh ngst St Ronan and Forest King, 100 to IS ngst King Alfrod, and 100,t ) 1 ugst FranchlflO. Tiiin iUou,— With Uttlo or no lo«3 of: time

tlmo tho • toilets of tho 18 competitor!} nsscnvblcd in tho paddock were completed, Lady Elizabeth having gono through tint performance at Mr Shorward'*. " Tlio Warren." Tlioy then paraded past tho Stand, nnd having reached tho distance they wheeled round, and commenced their preliminary cantor, led by Paul Joncii Roaicrucinn, Green Wlcovc, and Bluo Gown, several lengths In advanco o£ Lord Glasgow's colt, Orion, Forest King, and tho Baron's pair, a long way in whoso rear camo Franchise, tho Duke of Newcastle's two, «nd Samson, each eliciting special re-marks as they swept by. Paco, on ncaring thu eudo.qiire, faltered in his stride, and iimncdiatcly after Aldcroft was aeon endeavouring to atop him, whon it became apparent that ho had broken down, and upon hut dismounting i\nd returning to the enclosure It was found that tho back tendons of his off fore-leg had given way. This sensa* tion, howevor, Boon gavo way to tho more important business on htvnd, tho progress of the others to the starting-post, which, having been reached, Mr M'Gcorgo speedily got them in order, and, with tho exception of three or four failures, occasioned by Lady Elizabeth refusing to join hor liorsoi, ho despatched them in excellent tlmo and closo company, When fairly in their places the running was taken up by Cup il-pto, having Orion on his left, tho puir being followed by Speculum, Sco Saw, Bluo Gown, Paul Jonca, Franchise, King Alfred, and Green Sleeve in a body, tho latter lying on the inside, pulling double. To thcsQ fiucccedsd Suffolk, llosicrucian. Forest King, and Cock of tho Walk, heading tho next division, In tho rear of whom were scon tho colours of Samson, Viscount, St. Uon<m, and Lady Elizabeth. In these positions tlioy ran a quarter of a niilo, when Orion headed Cap iVPio and assumed thu oommnnd. Speculum, Ditto Gown, and his stable companion, Green Sleeve, at the same time were seen gradually ncaring tho front, followed by Paul Jones and 8t Konan, tho latter having quitted his rearward position, which was still occupied by Viscount, Sumson, nnd. Lady Elizabeth, tho favourite at this early period of tho rnccnppCrtrJn#tt»i>t>le to act, and as they came through tho " bushes,'' 1' ordham, to thu alarm of her backers, was soon ♦' hard upon hor," but without mending her position, and as they reached tho mile post sho was hopelessly out of the race, do far as any chance she now posseted, Orion still held his prominent position in tbo van as they descended the hill, Cap*&>L'io lying second, Bluo Gown third, King Alfred fourth, with Speculum, Franchise, Paul Jones, Green Sleeve, and St. Hoiuuv close in their track; thon followed Hoslerueian, Suffolk, and floe-Saw • but on rounding TattanhaiU'Cornor thu lot closed up, and ran in company into tho straight, where tho two lead or « were beaten and suddenly disappeared from tho van, the colour--) o£ Green Sleevoaud Uoslorualun at thu samo timo fading away. Thu running, through those withdrawals, was loft with King Alfred on tho lower ground, having Blue Gown in tho contrc, on tho right oi! whom camo Speculum, Paul , Jones, Hoo-Saw, St, Konan, and Miffolk. Franchise, who up to this point had iicen running in a forward position, suddenly collapsed on crossing tho road, and immediately after Challonor was seen to dismount, ho having ascertained tlmteho had broken her leg badly, At tho distance Paul Jones and See-Saw wore ndded to the boa ten division, and the Issue was now left with tho Baron's outsider, King Alfred, nnd Bluo Gown, tho contest being watched with the moat feverish excitement by the thousands committed to the judgo'ri flat. Half-way up, tho former appeared to havo tho best of it, when loud shouts from tho ring aroso of " Tlio Baron wins," woro repeated from tho hllt-aklo and the Htandfl, but they had scarcely been raised when a counter-cheer for Sir Joseph arose, and shortly after Wells was seen quietly creeping up, and, catching King Alfred (who stopped to nothing) at tho stand, won a fine race by half a length, very cleverly, Speculum finished a lad third, St. Hona fourth, tto»icruolan fifth, Suffolk sixth, Orion seventh, Paul Jones eighth, Green Sleovo ninth, 'ihen came, at wido intervals, Brother to Bird on tlio Wing, Soo-Saw, CapiVPie, and the favourite. A long interval separated these from Forest King, who did not pass tho post, Viscount and Franchise walked in with thu crowd. Net value of the stakes XCB7O. The timo, as taken by Bonson's chronograph, was 2 minutes MS seconds.