FINANCIAL ASPECTS OF THE RACE. 



31 



sncli a sporting event as a race is thought to be; but 

 why the chief sportsmen of EngLmd, France, and 

 America should combine to run their horses at a 

 heavy cost chiefly to benefit a company which has 

 leased a portion of the Epsom Downs is not easy to 

 understand, seeing that they might as well do so — if 

 not for the benefit of some public hospital or other 

 deserving charit}' — for their own profit. 

 The following are the tables referred to : 



]\Iaking a big jump, the fifteen years ending with 

 1889 show, of course, more prosperous times : 



of the arlministration : "Of what use are the horses without a 

 race-course ?" That is, of course, one way of putting the case. 

 The same style of logic was made use oP by a theatrical 

 manager to a man who had written a play : " Of what value is 

 your play if you are without a theatre in which to protiuce 

 it ?" The answer given was the very obvious one : " Of what 

 use is your theatre to you if yon have no plays to occupy your 

 stage y ' — Manchester Sporting Chronicle. 



