From the V. o. Pic, May 26. THE PACE
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 day morning the result of the Great Match Race on Long Island, of which we have so often before made mention. The details of the interesting contest are very well described in the N. Y. Morning News, whence we principally copy the following:

 No course in this country has ever witnes- sed spectacle comparable to that presented on the Union Course, L. l., on Tuesday, the 18th ints. The number of persons present baffied all computation. All agreed that there were full twice the number that attended the great match between Fashion and Boston- The number might be called anything; no one thought of estimating it by any lower figure than a hundred thousand. As al the race between Fashion and Boston, the crowd burst into the enclosed space, creating an eX- treme difficulty in keeping a sufficient width of the track clear for the horses; and this was effected only by dint of an hour spent in persuading and forcing them back, by any number of officers, and five or six men on horseback. It was not till half past ? that the horses could be got off A great many ladies were present, and some of the lovelest of the beauty and fashion of the city graced the ladies' stand.

 The track was heavy, from the depth oi the dry, sandy dust, and the atmosphere upon it quite stihng. This circumstance, together with the close pressure of the crowd upon the narrow space left to the horses, fully ex- plains the inferior time made on this occasion to that of Fashion's last great race.

 Peytona's rider (Barney) wore blue jack ct; Fashion's rider, Joseph Laird, the son of her trainer) purple one-both wearing white pantaloons.

 The two horses seemed in perfect cond- ton. Peytona is light sorrel mare-Fash- ion a bright chestnut. The superior slze and power of the former could not fail to strike every eye, and to afford significant portent ofthe result. FasEon's heights 15b hands Peytona's l6 and three inches. The elormer is the most completely beautiful, delicate, slen- der little creature we have ever seen; the latter combines with her great size and strength, ad- mirable proportions also of beauty and grace. It was that tremendous, killing length of stride of hers, of which so much has been said, namely, tacenty-seren feet, that did the business. The difference between the two Tn this respect could be measured by the eye at every jump, while the little mare certainly did wonders, in the superior rapldty of her gathering, to counterbalance the huge length of space covered at each bound of her rival. Fashion must have had to spring nearly five times to every four of Peytona's.

 The first heat was won by Peytona in 7:393-thus saving the large amounts that had been bet on TAO. Peytona had the in- side, and after beautiful start took the lead and kept it all round, with several beautiful brushes, coming in less than a couple of lengths ahead. Fashion twice overlook her, but never succeeded in passing her, being on the contrary shaken of with no great apparent difficulty.

 Both horses came up to the second heat as wet as Venus when she rose from the waves-we had almost said, as beautful.-- The first start was false one; on the se- cond trial they got of, Peytona having lit tie the advantage of it. The enthusiasm of the crowd rose to the highest pitch when Fashions purple jacket was seen to gain on her ''illustrious predecessor" till, when about half round her first mile, she shot ahead, and when they passed the judges stand was about length in advance, and in possession of the track, which had been Peytona's. contest ensued of unsurpassed beauty-the two hor- ses running neck and neck, with slight varl- ations either way, for nearly the whole heat Up to the last quarter it was "anybody's heat" till, as they came in sight at the stand, Peytona was little in advance, and as they came laundering on towards the judges stand she was about length ahead, which no free dom of whip and spur on the part oi rash ions rider could overcome. The time was 7:454.

 The responsibility of the shout which greeted the victory of the noble Southern mare auested the force with which the South was present on the ground. The Northern sympathy with our before unmatched little favorite was very strong and general; and It cannot be denied that her defeat smote heav- fly on the hearts of many tens of thousands present, to say nothing of its effects on some thousands of purses.

 Extravagant estimates are made respecting the amount of money bet on this race. The stake was S20,000 side It is currently