15 DECEMBER 1866, Page 3

A grand yacht race across the Atlantic commenced on the

11th inst. Three yachts, the Henrietta, of 203 tons, owner, J. G. Bennett, jun. ; the Fleetwing, 204 tons, owner, George A. Osgood ; and the Vesta, owner, Pierre Lorillard, started from New York for Cowes. Each competitor subscribes 30,000 dollars, -arid the first in will have the whole, 18,000/.—a heavy stake. The golden youth of America are certainly not behind ours in the pluck with which they throw away their cash. None of the owners, we believe, are on board the yachts, which are sailed by professionals, just as horses are ridden.