80 HINTS TO hoesf:31en; oe, 



race-horses ; for, as these had probably quite as much 

 foresight and judgment as myself, and probably 

 some of them a wee bit more, they would, with such 

 a horse, do the same as myself — make a hunter of 

 him ; but the direct mere racing man holds the horse 

 that cannot race in such contempt and disgust, that, 

 as he could not shew his nose in front, he is very 

 glad to see him shew his tail on quitting his pre- 

 mises ; he had far better have, as I recommend, sold 

 him as an untried yearling. 



" Nothing venture, nothing have," is an old and 

 true saying : we must venture in some way in any- 

 thing we do in contemplation of making money ; the 

 man who breeds or deals, ventures ; but these are fair 

 ventures where only great defect in judgment, or ma- 

 nagement, or extreme ill luck brings about loss ; but 

 turning from their legitimate course, and taking to 

 the race-course, involves a hazard quite beyond the 

 usual chances of speculation. The merchant some- 

 times makes a bold venture, that involves, perhaps, 

 either independence for life or ruin ; he would be 

 thought by the cooler man rash in so doing, still the 



