THE HOESE. 11 



utility horses in the world. These have 

 formed the backbone of more than one 

 great military orp;anisation in Europe, 

 and, in emergencies, have enabled 

 them to take the field avcU prepared; 

 whereas England, not long ago, when war 

 seemed not far distant, was compelled to 

 hunt up supplies from outside sources. 



A lesson has constantly been tauo-ht us, Supply not to> 



•^ ^ hand in the 



and yet we have failed to i-ecognise its clay of need. 

 importance at the proper moment ; late m 

 the day necessity has forced us to ener- 

 getic action in procuring that which we 

 should have already possessed. The 

 demand has created the supply, but at 

 the same time the demand has caused 

 the supply to increase in value, and the 

 nation has been obliged to pay larger 

 prices for her troop-horses than would 



