HOW TO MAKE MONET BY HOESES. 75 



many, nay, hundreds, have made, and do make, 

 money by racing ; nor will we investigate whether 

 those who do so are indebted to luck, or judgment, 

 for their rare good fortune. It is possible a man 

 might find, in gold-mine countries, a nugget the size 

 of his head, but this makes small amends for thou- 

 sands who have brought themselves from comparative 

 ease to pauperism and death in such pursuit : why 

 pursue such phantom speculation when so many ways 

 are open to industry and common sense? So, in 

 racing, why, if the wish is to make money (and 

 money is to be made by horses in various ways), why 

 attempt the most precarious, I may say all but hope- 

 less, means of doing so ? A man maj'- say he likes 

 racing. Well and good : if he runs his horses for 

 amusement, I cannot see one single objection to be 

 offered against his doing so, but much to be said in 

 its favour. But we are not on this tack, but a widely 

 different one — we are looking to the pounds, shil- 

 lings, and pence ; and this, let me impress on the 

 uninitiated, unless he has an income to bear the un- 

 avoidable expense of keeping race-horses, he will, in 



