THE HORSE. 85 



because the betting ring exalts the price 

 of yearling blood stock. The price In b 



racing stock 



realised at our public auction marts for e ^ er 7P ur - 



chaser 



blood colts sixteen months old, by no 



, .... , " the right 



means represents their intrinsic value ; thing." 

 they command large prices because pur- 

 chasers expect them to turn out winners, 

 and to be the means whereby to place 

 large sums on the right side of their 

 ledgers. 



The race-course acts as an adjuvant in 

 the production of horses, but in doing 

 so propagates only the racing class, one 

 ill-adapted for general utility purposes, 

 and seldom good at any pace except 

 galloping, a movement seldom required 

 for the carriage or van horse, and those 

 animals which assist in our everyday 

 traffic. 



