INTRODUCTION. Iv 



form of its value after these have been taken into consi- 

 deration. 



And in all cases where a risk is run and an Insurance 

 effected, there are regular rules laid down by which such 

 transactions are governed. For where a person insures 

 his life, he submits to a regular medical investigation, 

 and no Company would act in so unbusiness-like a manner 

 as merely to take a person's own Warranty that he is 

 sound in health and constitution, and so be put to the 

 proof, in case of his death, that he was not so at the time 

 he gave the Warranty. 



The best Rule for a man therefore to follow in selling "When to 

 a Horse is this : Where the Horse is of no great value, ranty^ 

 to refuse a Warranty altogether, and such a Horse is best 

 sold by auction. '\Yhere the Horse is of great value, if 

 sound, but that appears doubtful, then to let the pm"- 

 chaser be satisfied by a Veterinary examination, and so 

 take the responsibility upon himself. Where, however, 

 the seller is confident that the Horse is perfectly sound, 

 and that with a Warranty he would fetch a much larger 

 price than without one, he should have him examined 

 and certified as sound, &c., by one or two Yeterinary 

 Surgeons of respectability and experience, and then, 

 knowing on what ground he goes, he may take the 

 risk of warranting him sound. 



The vexation and difficulty experienced in Horse- The caiise of 

 dealing arises, in a great measure, from the loose manner I^ifficulty m 

 in which such transactions are conducted, and from the dealing, 

 thoughtless manner in which people give Warranties ; 

 and we generally find that the smaller a man's knowledge 

 may be with regard to Horses, the more ready he is to 

 warrant, little knowing the responsibility he is thus fixing 

 upon himself. 



A dealer, who from the nature of his business must be The cause of 

 constantly buying and selling Horses, has an evident Rascality in 

 advantage over the persons with whom he deals, who dealing, 

 probably do not buy or sell Horses half a dozen times in 



