FORARD AWAY I 25 



off a dealer can, as a rule, on finding 

 the horse hardly fulfils expectations in 

 some trifling way, exchange it for another, 

 but not so at the Repository. I am quite 

 certain that, without the slightest exagge- 

 ration, I frequently see horses knocked 

 down at 200 and 300 guineas at the 

 Repository sales that, if brought back the 

 following week under another name, but 

 with every imaginable guarantee it is 

 possible to devise, would not make thirty- 

 five guineas. Gentlemen buy owners' 

 names, not the horse, at the Repository. 

 I have, had some capital deals out of 

 Repository horses, and no end of bad 

 ones. 



Here's a case of how prices fluctuate 

 without any apparent cause. A year 

 last spring a horse called Bantam went 

 up in a swell stud from Melton to the 

 Leicester Repository, and was sold for 



