I02 The Arab Horse 



figments of the imagination, like the 

 Arabian Nights tales, and having similar 

 origin. He has never seen one of these 

 wonderful horses, and none of his friends 

 have seen one. Therefore, the horse as 

 he is represented does not exist. Again, 

 even if he becomes convinced there is 

 such a horse he does not know where to 

 look for him, does not feel certain he can 

 secure the genuine article if he parts with 

 his good money to obtain one, and if he 

 does find what he becomes convinced is 

 what he wants the price is sure to be a 

 stiff one. The fact is the whole business 

 involves the question of supply and de- 

 mand, which is the key to all economic 

 calculations. 



From this time forward it will pay less 

 and less to breed anything but the best 

 horses, and those which will yield the 

 safest return will be such as will be best 

 adapted for use under the saddle, either 

 for pleasure or as cavalry mounts. In 

 either of those forms of utility no horse 

 that ever lived can compare with one of 



