ISO THE TURF 



Opposed him he had not to exert himself. The com- 

 bination of great speed and staying power is occa- 

 sionally found, but it is exceedingly rare. 



THE COST OF RACING 



The cost of racing may, of course, be anything. It 

 may result in an annual profit or loss of many thou- 

 sands of pounds, according to the scale on which it is 

 followed and the luck which befalls an owner. The 

 word "luck" is not carelessly employed; for much, 

 very much, as judgment may achieve, the element of 

 luck supervenes and practically governs well nigh 

 everything. When the Duke of Westminster was 

 mating his mares in 1882, it was surely to a great 

 extent luck or chance that made him send Lily Agnes 

 to Bend Or, with the result that Ormonde was born to 

 show himself invincible, and to become the sire of 

 Orme and Goldfinch. Chance had much to do with 

 the fact that the Duke of Portland became possessed 

 of St. Simon ; an accident prevented the purchase of 

 the colt after Prince Batthyany's death, before he was 

 sold to his present owner ; and, similarly, it was 

 luck which induced the Duke, who seldom buys at 

 an auction, to go to Bushey the day Memoir was put 

 up, thereby securing an Oaks and Leger winner. 

 Without examining the matter too closely, it must 

 be acknowledged that luck enormously influences 

 victory or defeat. But, returning to the cost of 



