''CHERRY AND BLACK" 



thought it a good plan to offer all he bred for public 

 sale. 



"Would you not risk selling your best and having the 

 worst left on your hands?" we asked. 



"Not with the large number I breed. I shall soon 

 have more than I can train," he replied. 

 "Then you would give buyers the pick?" 

 "I would; for if I picked them it would spoil the 

 sale of the others. I am willing to take my chance. The 

 more I see of it, the more I believe that yearlings are a 

 lottery. Some men are said to be 'good judges.' It 's all 

 nonsense. If they select a good one, it is remembered. 

 People forget how many bad ones the same men picked. 

 Of course, if I tried them before sale I would put a 

 price on the best to protect myself. But if I offer them 

 before trial, buyers can have them at a stated price." 

 "You find it cheaper to breed than to buy?" 

 "A great deal. Yearlings bring such prices now it 

 costs a small fortune to buy many. I can breed fifty 

 at less cost than I could buy four or five at the prices 

 they are bringing; and in such a number a man has a 

 better chance of getting a good one. Those I bred gen- 

 erally satisfied me better than the ones I purchased as 

 yearlings. Three years ago I purchased $75,000 worth 

 at sales and they all proved bad, while the few I bred 

 myself did very well. Horses bred in a private stud, 

 particularly when the owner is around and sees them 

 often, are better than those bred for sale. In England 



1:64] 



