44 



present moment by any meeting of English gentle- 

 men, I should have said that that man was clean 

 out of his mind. 



But, gentlemen, we have listened to a practical 

 subject, very practically dealt with by a man who 

 knows what he is talking about. Perhaps I might 

 be allowed to allude to the sale of Mr. Walter 

 Gilbey's cart-horses, which took place three weeks 

 ago. That sale showed what can be done by a 

 gentleman who goes into business with a knowledge 

 of what he is about. The horses at that sale were 

 all my friend's own breeding, and they were sold at 

 what I think we can really call very fair value — that 

 is, the price that a willing buyer will give a willing 

 seller in the open market. 



Not only have we had the pleasure of listening 

 to Mr. Walter Gilbey, but we also have the advan- 

 tage of having several very practical persons here 

 this afternoon who are well acquainted with the 

 breeding of horses. I think I ought to mention 

 my friend, Mr. Anthony Hammond,* who, I believe, 

 was one of the original starters (I am speaking 

 under correction) of the idea of the Hackney 

 Society. We have also Mr. Frederick Street here, 

 and his Grace the Duke of Westminster,* who has 

 given an example of what can be done by breeding, 

 as he has bred a Derby winner himself We have 

 also my brother-in-law. Lord Hastings, who is one 



* Since deceased 



