188 THE PERFECT HORSE. 



at one end of the ground, outside the fence, for your 

 visitors to occupy during the exhibition, and your job 

 is done. When you have such an exercise-ground 

 on your place, you have added a most valuable posses- 

 sion to your property. If you have colts to sell, such 

 an exercise-ground is indispensable. It will enable you 

 to get at least twenty per cent more for your stock, and 

 sell them several years sooner, because purchasers in 

 search of likely young horses can see, the first time a 

 colt goes around the yard, about what he is. His 

 action, which could in no other way be shown so Avell, 

 is seen ; and a bid is at once made on him. With good 

 stock, and a good exercise-lot in which to exhibit them, 

 a breeder's stable will never be choked up with unsold 

 stuff ; nor will his purse ever be empty. 



But the exercise-ground has a higher use than this. 

 In every stable are several colts too good to sell as year- 

 lings. Their pedigree and promise give them a specu- 

 lative and prospective value so great, that the breeder 

 or owner cannot aJBTord to sell them until they are more 

 developed ; because the prospect is, that, when devel- 

 oped, they will reach a much more remunerative figure. 

 Now, these are the colts for which the exercise-lot is 

 peculiarly adapted : indeed, it is indispensable to their 

 ' welfare. They are too valuable to turn out with the 

 drove; they are too valuable to sell: wisdom says, 

 ''Keep them awhile longer, and develop them." But 

 this development can only come by exercise, and that 

 kind and class of exercise which can be had nowhere 



