VALUE. 99 



gave for it ; wliile at the same time if lie did want to 

 sell it he could not obtain anything like twice the 

 sum he gave for it. In this case the horse's value is 

 much in excess of his market price ; while, on the 

 other hand, there are many worthless horses which 

 are sold over and over again at very much above their 

 real value. As a general rule a horse's price is some- 

 where between what you have to give for him and 

 what you can sell him for. 



While a horse's value depends on how far he 

 suits the owner's purpose, and whether he is in- 

 trinsically a good one or not, as a rule the better 

 a horse is, the greater will be his value in proportion 

 to what you pay for him ; and the worse the horse 

 is the greater his price will be in proportion to his 

 value ; or, to put it more concisely, the better a horse 

 is the cheaper he will be sold, and the worse a horse 

 is the dearer he will ^be sold in proportion to what 

 they each ought to fetch, I will, however, discard 

 the market value or price of the horse, and give my 

 readers a few ideas to enable them to judge of the real 

 or intrinsic value of a horse, for this reason, that I 

 am supposing they are desirous of buying a horse to 

 keep and use, and not desirous of selling one ; and 

 therefore they ought to consider what it is worth 

 their while to give for a horse, and not how much 

 they can get for it. 



A horse's value depends on three things : size, 

 strength, and beauty ; and there are three more things 



