HOW TO MAKE MONEY BY HORSES. 25 



asked if they expected much profit on its sale, and 

 have often received a much more sensible reply than 

 it would be if they had said they did. Thej^- stated 

 fairly enough, that what the colt cost keeping, went 

 so gradually, and in such small sums, that they did 

 not feel it ; and when the sale took, place, it was a 

 little handful of money each year, as each colt reached 

 a saleable age. Thus, if he did not produce absolute 

 profit, if his rearing caused a saving of money that 

 would otherwise have been uselessly, if not improperly 

 spent, even this minor sort of breeding produced bene- 

 ficial results ; and admitting the profit on his rearing 

 to have been little, or none, the money it cost is got 

 back again, whereas it might have been spent in 

 many ways, where such could not have been the 

 case. If he has produced frugality, it would be 

 equal to profit, or perhaps, in eff'ect, a much greater 

 good. 



We now will look to a larger sort of animal than tlie 

 two kinds mentioned, one that certainly costs more 

 in the producing and rearing. This must in no way 

 be considered as insuring a larger, or more certain 



