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portance. This principle is simply to record every 

 horse wanted, or on sale, by its true description : 

 if this description is true, the purchaser finds 

 himself suited without further trouble, provided he 

 only knows what he wants ; and to aid him in this, 

 the prospectus that I have seen, clearly explains the 

 technical phraseology in use among the trade for 

 describing horses. If the description is not true, 

 the seller pays the penalty for his misrepresenta- 

 tion, by losing the opportunity of finding a pur- 

 chaser. Nothing can be more obvious than that 

 such a plan affords the best means of introducing 

 sellers to buyers, and buyers to sellers, on terms 

 on which they are likely to " do business ;" for 

 they are not brought together at all, except by the 

 knowledge thus acquired that the one has a horse 

 to sell, exactly corresponding in the terms used by 

 the trade, to the description which the other wishes 

 to buy. If A is in search of " a bay hunter, equal 

 to fifteen stone, fast, and a good fencer," for which 

 he will give one hundred guineas, and B has a 

 horse to sell at that price, which he describes in 

 ipsissimis verbis^ it is scarcely possible, when A 

 and B meet on the subject, through the knowledge 

 of each other's wants thus derived from the Re- 

 gistry, that they should not deal together. It is 

 on this simple principle that the whole scheme is 



