CONCLUSION 851 



comprehension. A man, therefore, who takes to 

 horse-racing should first calculate how much he can 

 afford to spend annually on his ' pertickler wanity,' 

 that is, how much he can afford to lose, and make his 

 arrangements accordingly, taking for his motto * quod 

 Eors . . . cumque dabit, lucro Appone,' and consider- 

 ing whatever he wins a sheer godsend. This may 

 seem to he a hard saying, but it is the only principle 

 on which horse-racing can be conducted with as little 

 as possible of that rascality which, with the curious 

 irony that characterises life, seems to be inseparable 

 from whatever appertains to the handsomest, noblest, 

 most useful, most honest (with rare exceptions) of 

 four-footed (or two-footed) animals. That a man 

 should have in training, as Lord George Bentinck 

 had, so many horses so heavily * engaged ' that their 

 mere forfeits and travelling expenses would amount 

 to twenty thousand and more pounds a year, and be 

 unable to pay then* cost unless he got the money out 

 of other people's pockets, is simply monstrous. And 

 this such a man could hardly hope to do, year by 

 year, but for his middlemen, represented by the 

 Eing. 



Acquiescence in the existence of the Eing, even on 

 the part of the Legislature, appears to have become 

 the order of the day, as if the institution were a 

 necessity; and as for the Newmarket Legislature, 

 represented by the Jockey Club, they not only tolerate 

 the Eing, instead of ' warning off ' the monster, but 



