W. P. Hunt's br c Keokuk, by Long Taw, dam Etta Powell; 110 lbs., Fishburne 0 Time--2:37-1/4. Betting--Joe Cotton $500, Bersan and Favor $215, Ten Booker $75, Irish Pat $40, Playfair and Thistle $35 each, Lord Coleridge $25, field $30. TWELFTH DERBY 1886 While the weather was cloudy and hot and looked threatening, the rain held off during the day. The track while not so fast as we have seen it, was in capital condition, safe and good. The attendance was very large, fully ten thousand people were on the grounds. The populace availed themselves of free entrance to the inner field, which had a large number of people, on foot and in all kinds of vehicles. The inside or training track was lined with people from the timing stand to near the three-quarter pole. The Grand Stand and betting ring was crowded to overflowing, and the ladies were out in large numbers. For the twelfth Derby, ten started, Ben Ali was the favorite, Free Knight second choice and Blue Wing third. Ben Ali won it is true, but we doubt whether he was up to concert pitch, but we confess Blue Wing is a much better colt than we gave him credit of being, and think he ought to have won the race. He ran wide on the turn; his jockey let him swerve just at the critical point of the race, and was only beaten three parts of a length. Free Knight ran a good race--indeed it is the best field we have seen since Aristide's year. There is hardly a starter in the race but what will pay his way and be a useful horse. This is the third time the race has been won by a son of Virgil--Vagrant, Hindoo and Ben Ali--and Vera Cruz would have won save an accident at the start. Seven of the starters were bred in Kentucky--Ben Ali, Blue Wing, Free Knight, Sir Joseph, Grimaldi, Harrodsburg and Masterpiece; and Lafitte and Jim Gray are by Kentucky owned stallions, and the sire and dam of Lijero were bred in Kentucky, showing the State still holds the highest place in the production of the horse. Take it all through it was the best race, so far as interest and contest are concerned, ever run for the Derby or any other race, and we doubt if such a field and such a contest will be witnessed again during the year. Every year seems to add interest to this great race. It will be seen by the time made that the pace was a hot one from start to finish, and few such races from the time standard have been run so early in the year with 118 lbs. up and by the way this is the first year the weights have been 118 lbs., and is the fastest run race.