352 THE JOCKEY CLUB 



they provide it there and allow it to be provided else- 

 where with accommodation. The King, moreover, is 

 likened very frequently to the Stock Exchange, and 

 the members of the former to the members of the 

 latter. But there is really no sort of analogy. It is 

 obvious that an institution like the Stock Exchange, 

 or the Bourse, or the Kialto, or whatever name be 

 given to it, is absolutely necessary for the transaction 

 of legitimate business between country and country 

 and countries and individuals, and the regrettable 

 * jobbing ' and speculation that become appurtenances 

 of it can no more be prevented than the dirt that ad- 

 heres to indispensable machinery ; but the legitimate 

 business of no country requires either betting or a 

 King. A model Jockey Club would refuse to sanction 

 any race-meeting where accommodation was provided 

 for a King, and would ' warn off ' all persons known 

 to belong to the King ; and a model Government 

 would support such a Jockey Club with the strong arm 

 of the law, would make short work of * Tatter sail's,' 

 and the ' Subscription Kooms ' at Newmarket, and such 

 clubs as are known to exist for betting purposes by 

 the ' quotations ' issuing from them. The newspapers, 

 even the most respectable of them, those that daily 

 lecture us upon the state of public morality, * encourage 

 gambling ' (as Admiral Kous truly said years ago), 

 and uphold the King, by publishing ' quotations ' and 

 by having long articles written almost entirely from 

 the betting point of view, and by giving ' tips ' (to 



