Chapter III: Front Matter (3)

It is somewhat difficult to make up an accurate account of the finance incidental to horse-racing; but by way of providing means of argument and illustration in that department of turf economy, we can take stock--it can only, however, be done in a rough-and-ready way--of the number and value of horses at present used in breeding and racing. The cost of maintaining and running these animals may then be estimated, and the interest on the money paid for them can be calculated, and the figures then obtained will give the best idea that can be formulated of the cost of the sport. Stakes run for and won can be subtracted, and the balance exhibited will form profit or loss, as the case may be.

According to "Ruff's Guide to the Turf," the money won by horses running under Newmarket rules, in 1889, amounted to £480,889 18s., and if for illustrative purposes the sum won by steeple-chasing and hurdle-racing be set down at the modest amount of £20,000, we thus obtain a grand total of half a million sterling. As a rule, the money won in racing is that of the gentlemen whose horses run for it. With the bright exception of Ascot, can a meeting be named that gives twenty-five or thirty per cent. of its drawings to the men who supply the horses? Who finds all, or, at all events, say seven-eighths of the money for the leviathan stakes now becoming so marked a feature of the racing of the period? The gentlemen, of course! As a matter of fact, it may be said that a hundred or two hundred gentlemen place a large sum of money in a pool, that one of their number may win it in a race which tens of thousands of people pay money to see run. In plain language, these gentlemen contribute say £10,000 to a particular race, in order that speculators, who have formed a racecourse and erected a grand stand and numerous refreshment bars, may make as much as the winner; the rent of the racecourse and the wages of the _employés_ being deducted, the profit derived from the venture must still be enormous, and might as well find its way into the pockets of those who supply the horses and the stakes.

"Owners," as is well known, provide in reality most of the so-called "added money," while in the classic races, namely, the Two Thousand Guineas, the Oaks, Derby, and St. Leger, it is simply their own money which the patrons of these stakes run for. In such contests as the Derby and St. Leger, as many as one hundred and eighty or two hundred horses may be entered. As only one animal can win, the owner of the horse which accomplishes the feat is paid by the gentlemen whose horses prove unsuccessful; and were it not that so much gambling can be accomplished by making the matter dependent on a race between a few horses, the persons interested might, as has been said, toss up a copper to determine the result! Of the horses entered as yearlings for the classic events, how many will be found at the starting-post on the day of the race? Probably nine or ten on the average, or, at the most, fourteen.

Yearlings? These baby horses often turn out dire failures! An animal costing £2,000 may never win a race! One or two horses, which cost large sums of money, are at this moment probably travelling the country as "sires" at merely nominal fees. On the other hand, a horse which proves successful on the turf attains greater value with each new success it achieves, and at length, like Doncaster and Springfield, it may come to be "worth its weight in gold." "Yearlings" said the late Mr. Merry when he purchased All Heart and No Peel, afterwards known as Doncaster, "are a fearful lottery." He was right in saying so, although at the time he was drawing a prize and didn't know it--he was, in fact, for a sum of 950 gs., purchasing the Derby winner of 1873.

The following anecdote related in Parliament by Mr. Gerard Sturt is apropos: In 1825, there was a little mare which belonged to a country apothecary at Newcastle, and her vocation was to go up one street and down, whilst pills and what not were being delivered; well, this little mare of nominal value produced, in as many consecutive years, three of the best animals of their periods, namely, Rubens, Selim, and Castrel. The Deformed was purchased as a filly for £15 with her engagements in four large stakes, all of which she won! She was afterwards sold to a Captain Salt for 1,500 gs., was repurchased for a brood mare at 300 gs. and sold again for 600 gs. to the Marquis of Waterford, at whose sale she was purchased for Her Majesty's breeding stud.

II.

There are not less, so it has been computed--counting mere foals, yearlings, two, three, four, and five-year-olds, as well as sires and dams--than 10,000 horses devoted to the service of the turf. The brood mares at the stud number, on an average, 3,000, and the number of sires may be estimated at say 350; the net produce of the stud, deducting casualties of many kinds, such as barren mares, slipped foals, deaths, and exportation, may be taken as being 2,000 foals--colts and fillies--per annum. Of that number a considerable percentage never comes upon the racing scene; unfitness for the work of the turf, accidents, and death, being constant factors in determining the L. S. D. of racing. It would be curious to trace the many calamities that occur to prevent horses distinguishing themselves. Two hundred horses may be entered as yearlings for the Derby, but only about five per cent. of the number may contest a given race. Say that there are fourteen or even sixteen runners; what has become of the others? Several will have died; many after being trained will be found to have no chance; and not unlikely several of those entered may be found in the shafts of a cab. Some foals of last year, for instance, may ultimately be trained as horses for ladies; others may be drafted to the hunting-field or to the circus, whilst not a few may ultimately find their way to tramway stables. Many a time and oft has a high-bred horse changed hands for a twenty-pound note.

In forming an estimate of the value of the racing stock of the period, the price paid for the yearlings which change hands at the public sales must first of all be noted. In 1889, according to "Ruff," 851 of these baby horses were purchased at prices varying from 4,000 gs. to 8 gs. During the last twenty years large numbers of yearlings have changed hands at big prices, one, two, and three thousand guineas being often paid in the course of a sale for animals that purchasers fancy, colts or fillies, that look as if they would, when properly trained, "make race-horses," and probably in time reward their owners by winning a few of the great prizes of the turf. Other horses, mature animals, ready-made racers, that is to say, or those suited for breeding, occasionally fetch very high prices; but it is possible for illustrative purposes to strike an average as between those which sell for thousands and those which only bring tens. It should not be an over estimate to fix upon a sum of £300 each as being the value of the 10,000 animals of all ages, from colts to matrons of mature years, which would represent a total sum of £3,000,000, the interest on which, calculated at the rate of five per cent., would amount to £150,000 per annum.

There then comes the question of the annual expenditure incurred in keeping up the various racing studs of the country. The board and lodging of a race-horse varies, according to the stable in which he is kept and the status of the trainer, from two pounds or two guineas a week to a half more than that. Of horses told off for breeding purposes, no note need be taken, as breeding is a business that is at least self-supporting, and sometimes, as in the case of Hermit, immensely profitable; nor shall foals be considered. It will be about correct to consider half of the 10,000 as being in racing trim, horses ranging from two years of age to six, and 5,000 at £156 per annum for board and lodging--including various extras, in some of the stables--represents a total sum of £780,000.

In addition to the amount paid for board and lodging, the expenses attendant on the entering of a race-horse for the different events in which its owner may desire to see it run, are very heavy. These vary exceedingly. Some proprietors are in the habit of entering their animals in from half-a-dozen to twenty races, the forfeits in which for non-runners range from perhaps five to twenty-five pounds. It is not an easy matter to fix upon a figure that may be taken fairly as representative of these forfeits; but if ten pounds per horse be fixed upon for the whole 5,000, it will be much within, certainly not over the mark. A sum of £50,000 would thus be added to the account of outlays.

The travelling expenses of trainers and stable attendants when in charge of horses, and the fees paid to the boys who ride them, form an important item in the cost of a racing stud. Many horses in the course of a season will be taken to eight or ten meetings, some of which are situated a few hundred miles from the training quarters of the horses. The only mode by which an illustrative sum can be arrived at, is by adopting an average; some horses will cost over a hundred pounds a year for railway travelling and other expenses, including the fees paid to the jockeys who ride them in their races, and if a sum of £25 per annum be placed against each of the 5,000 horses assumed to be taking, at present, an active part in the sport of kings, in name of travelling and miscellaneous expenses, it gives a total of £125,000.

A recapitulation of these figures gives the following result:

Interest on capital sunk in race-horses £150,000
Cost of keeping horses 780,000
Amounts paid in entries and forfeits 50,000
Travelling and other expenses 125,000
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Making a grand total of £1,105,000

It becomes apparent, then, that the sum of £1,105,000 ought to be obtained every year in stakes, to recoup gentlemen and others engaged in the pastime of horse-racing for the outlays they make. But no such sum has ever been realised, and, in consequence, gambling has to be resorted to to provide the difference; hence that extensive betting, which is the most remarkable feature of the turf. The preceding figures are given with the view of illustrating the proposition that horse-racing, except in rare cases, cannot be made to pay. It happens every season, that one or two owners are so fortunate as to win from £10,000 to £20,000 in stakes--they may even experience a run of good fortune during three or four consecutive years, and, after all, the game may not have paid them, or done more than make ends meet. No matter the good fortune that may attend individuals, it is, as has been demonstrated, an undoubted fact that the cost of racing in any one year is far beyond the total amount which can be won.

The foregoing facts and figures must not be taken for more than they are worth, they are simply offered as being more or less illustrative of the L. S. D. of horse-racing, and the simplest methods of illustration have been resorted to. Columns of figures on the subject might have been given for the inspection of the reader; but probably the mode adopted will give a better idea of the L. S. D. of the turf (betting excepted), and the facts briefly stated may make a more lasting impression than a more formal statement would do.

What must be kept well in mind in connection with racing finance, is the great fact that the money expended is not hid away in a napkin, but is circulated. Stables and stores have to be built or extended, hay and corn has to be provided for the horses, the lads who groom them and ride them at exercise have to be paid, so have the fees of the jockeys who ride them; travelling expenses of horses, trainers, and jockeys help to swell railway receipts, and to augment the dividends of not a few who look with horror on the turf and the ways of life of those connected with it.

It has been calculated, for instance, that no less than £120,000 will be expended on the Derby Day by visitors to London and Epsom in travelling and personal expenses (_i.e._, eating and drinking), and there are at least 250 days in every year on which large sums are spent in the same direction. Travelling, hotel expenses, and entrance to race grounds soon take the corners off a ten-pound note, and there are thousands at that kind of work nearly all the year round. It has also been "calculated" that, in all probability, ten thousand persons are employed in various capacities in direct connection with racing, in stables, on stud farms, etc.; and if men and boys be set down as earning over-head, including board and lodging, £1 a week all the year round, the sum so expended will exceed half a million sterling.

III.

The following brief _résumé_ of the yearling sales of 1889-90 will give readers a good illustration of the prices referred to in the preceding pages:

Recent sales almost indicate a return of the sensational prices which were the rule a good many years ago, when baby blood stock seemed to many buyers worth "thousands upon thousands"; very fair averages have at all events been obtained, and in one or two individual cases, big prices were the order of the day. The number of yearlings of both sexes which changed hands throughout the season of 1889, ending about the middle of October, was 662, the produce of 189 different sires. The average reached was, as near as possible, 300 gs., the total sum realised, by public sales in that year being 195,358 gs.

The figures which follow will afford a means of comparing the average prices obtained for yearlings sold during the seven years ending with 1890

1884 544 Yearlings Average of 268 gs.
1885 524 " " 257 "
1886 521 " " 215 "
1887 639 " " 200 "
1888 592 " " 151 "
1889 662 " " 300 "
1890 454 " " 362 "

_The_ price of 1889, it may be mentioned before going further, was 4,000 gs., paid by Colonel North for a colt by St. Simon, out of Garonne. Four colts by St. Simon changed hands at the very excellent average of 2,150 gs., but the distinction of yielding the highest average belongs to Isonomy, five colts of that celebrated sire fetching the splendid total of 11,880 gs.

Giving precedence to "Her Majesty's yearlings," we find that a lot of twenty-seven came to the hammer, three of which changed hands for 5,000 gs., one of the number, according to "Ruff," passing to Colonel North at a cost of 3,000 gs., a brown colt by Hampton, out of Landend. In the same lot was a chestnut colt by Bend Or, which brought only a hundred short of these figures, and there was a Springfield, which brought 50 gs. more than the Bend Or yearling; other four passed out of the Royal paddocks at Bushey Park for 1,640 gs., so that Her Majesty's breeding establishment must, in 1889, have earned such a handsome profit, as may help to reconcile Parliamentary economists to the continuance of the Royal Stud.

Coming now to individual sires, the figures show that Hermit, or, at all events, Blankney, maintained a good place, although his average exhibited a great falling-off when compared with some former years. It, however, reached 921 gs. for each of six yearlings, which is better than the return shown in the previous year, which gave an average of 700 gs. for five. One yearling, by Hermit or Galopin, is put down in the list of sales as having brought a sum of 1,950 gs. sterling. One prolific sire is credited with an average of 464 gs., for sixteen yearlings: St. Gatien, the property of Mr. John Hammond, contributed two of his "get" to the year's sales, at the price of 910 gs., a fair commencement. The Springfields (seven) changed hands at good quotations, making an average of 443 gs. Zenophon has five yearlings to his credit, and Wisdom double that number. The average of the latter horse's yearlings was 801 gs., and of those of the former 504 gs. respectively.

The highest price obtained has been stated above, 4,000 gs., the lowest may now be chronicled; it was 8 gs. for a foal by Savoyard out of Bohemian Girl. The heaviest individual buyer of yearlings throughout the season, and other blood stock, was Colonel North, who would require to write a big cheque in order to square his account. As is shown by the table, the sales have been very good both as regards individual prices, and the average, which as can be seen is more than double that of the year 1888, and considerably above that of 1884, which was thought excellent at the time. Six of the lots brought to the hammer in 1890 realised averages of from £445 to £928. Mr. Snarry's three produced the splendid return of £3,771; one of his, indeed, topped the list in 1888, and fetched the very handsome figure of £2,800, whilst three others which changed hands, did so to the tune of £2,600 each; in 1887, the big figure of 3,000 gs. was obtained for one colt, whilst a series of good prices were got for a few of the other yearlings.

Some excellent prices were made during the yearling sales of 1890. The Royal foals in particular were in great demand. The twenty colts which changed hands produced the handsome total of about 13,820 gs., which represents a high average; one of the number alone, however, fetched 5,500 gs. Others also brought good prices; large sums for individual yearlings was the rule, close upon sixty animals being knocked down at prices ranging from 1,000 to 3,000 gs., which must have recalled old times and prices to the memories of many racing men, whilst the names of the buyers would probably bring back to very many now on the turf recollections of the Hastings' era and the brave days of the Middle Park sales. The filly by St. Simon, which cost Baron Hirsch 5,500 gs. at the Queen's sale, represents in interest alone for the money expended, an annual sum at five per cent. of pretty nearly £300. A chestnut colt, by Sterling, cost Mr. D. Baird 2,000 gs. Lord Dudley, among his other purchases, gave 3,000 gs. for a colt and filly respectively; at another sale the same nobleman paid 2,100 gs. for a brown filly by Paradox, out of Wheatsheaf.

It would take up too much space to enumerate all the individual sales of the season at big prices; but it may be mentioned that one of the yearlings bought by Mr. Maple cost that gentleman the sum of 4,000 gs. Another big price was 3,100 gs. paid by Mr. Daly for a Springfield colt, which is 100 gs. less than was given by Colonel North for a St. Simon filly. Mr. H. Bass also figured among the buyers of high-priced yearlings, one of which, a Sterling filly, cost him 3,000 gs.; and, summing up these figures, we find that seven of the yearlings which changed hands at the summer sales, realised a total of 24,000 gs.

Some excellent averages were obtained at Bushey Park, for instance (Her Majesty's), where three yearlings only made less than 100 gs. The Yardley Stud yearlings (first lot) were sold at good figures; only one of the fifteen made less than a hundred, whilst one animal brought as much as 2,000 gs. In the second lot of fourteen was included Mr. Bass's cheque of 3,000 gs. The figures realised by the Park Paddock animals were as follows: 120, 730, 1,050, 300, 3,000, 1,050, and 2,100 gs. Other sales might be pointed to at which fine averages were also obtained, such as that of the Leybourne Grange yearlings, at which the lowest price realised was 120 gs., the highest sum obtained being 700 gs., the total amount given for the twelve lots being 4,460 gs. The lots put up by the Waresley Stud, as also by Mr. Beddington and Mr. Hoole, also brought good figures.

It would serve no good purpose to continue the analysis, but it may be stated that, in the course of 1890, 654 yearlings of both sexes were exposed for sale at the average price of about 362 gs., the total sum realised for the season's sales being 236,608 gs. The two sires which stand out with prominence are St. Simon, with an average for nine of 2,150 gs., and Ormonde, for two, with an average of 2,000 gs. The highest price obtained for any one of the yearlings has already been chronicled; the lowest sum realised, it may be stated, was 11 gs.

The foregoing statistics will serve to show that the breeding of blood stock is profitable, and that there is still a demand for good strains of blood, for which big sums of money are never grudged, although it is exceedingly rare to find the more expensive purchases showing to advantage on the racecourses of the kingdom.

It is somewhat pitiful, or, it may be said, painful, to find men--and among them members of Parliament--crying, more or less loudly, "down with sport." Such persons assuredly know not what they say, seeing that "sport" provides thousands of families every year with food, raiment, and habitation; the money usually expended on the up-keep of race-horses and hunters being largely distributed among those who are generally termed the "working classes." With regard to the cost of sport on the turf, it must be kept in view that the interest accruing on the prices paid for the animals amounts in itself to a large sum annually.

Take, by way of example, the sums expended by one gentleman in the purchase of blood stock, and let us call the amount £10,000; that of itself means £500 per annum, for which it is just possible he may never see any return, and have the keep of the horses, the entries, travelling expenses for trainer and grooms, and jockeys' fees to pay, a class of expenditure that may certainly be averaged at not less than £300 per annum for each animal.

As to the cry, which has been already referred to, of "down with sport," it is most unjust, and is probably seen to be so, even by the more ignorant of those to whom it was first addressed. "Down with sport," would mean the loss of daily bread to thousands who are employed in stables and in agriculture. Training stables cannot be built without masons, carpenters, and other workmen. Horse clothes employ our weavers, and harness-making gives remunerative employment to hundreds. The farrier in his forge feels all the better for there being 10,000 race-horses in the country, helpers in stables do not go without clothes, and racing grooms and jockeys will annually require, at least, 15,000 suits. Horses are fed on the best of oats and hay, and to provide this forage, two or three thousand persons will contribute a share of their labour. Important race meetings attract myriads of spectators, and so our railways flourish, and our hotel-keepers and their servants thrive. Over one million sterling is earned every year by servants and others who are dependent on the great national pastime of horse-racing. I am taking, in the foregoing remarks, sport as I find it. Some people will say that the oats eaten by horses would be better if given to men as food; but that mode of argument can be made to go in a circle. Men must have recreation, and nothing will prevent them picking out the pastime they like best. So much for the cry of "down with sport."

BUSINESS OF HORSE-RACING:

OFFICERS OF THE TURF.

I.

Very few of the many thousands who annually assemble on the breezy downs of Epsom to gaze upon the fierce contest which takes place for the "Blue Ribbon" of the turf, or who witness the Cup races at Ascot, have even a rudimentary idea of the "business," the real "work," in fact, which is incidental to horse-racing. They have never been behind the scenes, and have had no opportunity of becoming acquainted with the economy of a racing stable, or the labour and anxiety which pertain to training race-horses; nor do they care anything about strains of racing blood, they know nothing whatever about the sires or dams of the animals which win or lose the races on which they gaze with such interest.

The spectacle of the Derby or the Royal Hunt Cup, although brilliant and exciting in the extreme, is but the work of a minute or two and is soon forgotten, and so far as many who witness them are concerned, the whole affair might be an accident. The ordinary spectator of a great race is much in the position of a child at a theatre during the Christmas holidays, for all that master or missy cares or knows, the wonderful fairy pantomime may have dropped ready made from the clouds; children are concerned only about the sight as they see it, they think not of the brain-work it has cost, or the toil which has been endured in its preparation, or the outlay of money necessitated by its production. The business of the turf--before such a spectacle as "the Derby" can be shown on Epsom Downs--may be likened to the labour undergone in the production of a dramatic piece. Those who train our race-horses and arrange our sport upon the turf, find their work to be of a very onerous nature, it is much divided and much of it unknown to the general public.

The business matters pertaining to horse-racing are, as a rule, arranged by persons licensed by the Jockey Club--judges, clerks of courses, jockeys, all require the authority of the Club before they can act. Horse-racing has so long figured in the eyes of the unlearned in turf matters as a "pastime," that the idea of there being any "business" to transact in connection with it has often drawn from persons, who know no better, an expression of surprise; but before any race meeting can be advertised, or any race be run, much work of a thorough kind has to be got through, the whole machinery of racing has, in fact, to be evoked.

In the event of the meeting being a new one, which, for the purpose of illustration, the writer assumes, the whole machinery requires to be organised. A site for the meeting has to be selected, and then a racecourse has to be constructed. Commodious stables, either at the place of meeting, or near it, must be provided, as well as offices for the various officials, likewise accommodation for the public, in the form of a grand stand having galleries from which the different races may be witnessed. For the officials, and jockeys, and reporters of the press, rooms must be provided, as well as those bars and dining-places for the sale of viands, which are a prominent feature of our racing paddocks. The administrative officers of the meeting have to be appointed, either before or after the course has been laid down; they are, as a rule, selected before the affair is planned. There is also required a body of gentlemen to act as stewards, who, when necessary, form a court to which disputes arising in the course of a meeting can be referred for immediate settlement. Before a meeting can begin, the course must be approved and have its racing time fixed by the Jockey Club.

The principal officials required for the conduct of a race meeting are a clerk of the course, a handicapper, a starter, and a judge.

The clerk of the course receives--it is his chief duty--the entries for the different races, and also takes charge of the correspondence and general clerical business which pertains to a race meeting. This functionary is usually the mainspring of the meeting, he may, however, be "the hired servant" of the proprietors of the racecourse; in reality his position is dependent on how meetings he is connected with may be constituted. In addition to a clerk of the course, there may also be a "clerk of the scales": that is, a person entrusted with the important duty of weighing out and weighing in the jockeys, before and after riding, and seeing that each rider carries the exact weight apportioned to him.

The handicapper is an important functionary. Clerks of the course often officiate in the capacity of handicappers, or adjusters of the weights; sometimes, too, the office of handicapper and judge are combined; indeed, at some race meetings, the whole three offices are occasionally conjoined in one person; in theatrical parlance, the clerk of the course very often "doubles" the office of judge and handicapper. During a race meeting lasting over three or four days, the handicapper finds plenty of work, as, in addition to having apportioned weights to all the horses engaged in the larger handicaps, nurseries, and sweepstakes, many days, in some cases months, before the date of the meeting, he has to adjust the weights for those races which are run from day to day, for which horses are not entered till the evening before the day on which they are to run.

A handicapper must be resourceful and ever on the alert, ready on every opportunity to display, in practical fashion, his abounding knowledge of the qualities and previous achievements of horses, so as to be able to place the various animals on an equality in an overnight handicap. Race meetings are largely dependent on "the go" and ability of the person engaged as handicapper, because owners and trainers are a rather jealous class, and quite able to detect at once, and resent, by withdrawal of their horses for the race, and their non-entry in future contests, any flagrant instance of favouritism. At some race meetings, perhaps, as many as fifty separate weights will have to be adjusted, from day to day, during the progress of sport, besides those assigned to horses in standing events before racing began.

No meeting is perfect without the assistance of the "starter," an official whose business it is to start the competing horses. The duty of the starter, more particularly when there is a large field of young horses (two-year-olds), is difficult to perform satisfactorily, especially when the short distance to be run (say five furlongs) is taken into account; it is of the utmost importance, therefore, that each horse shall start on equal terms. A starter must possess firmness and decision of character in no ordinary measure, as he may have at times as many as forty jockeys under command, several of the boys being mounted on very unruly animals, while others may be wilfully goading their horses into unruliness on purpose to delay the start, thereby so fatiguing the younger riders as to make them lose command of their horses, and thus lose their chance of winning.

Starters have necessarily much in their power; and instances are known of such officials having occasionally favoured a particular horse, by allowing it to obtain what is called, in racing parlance, a "flying start," or some other advantage. Disobedient jockeys may be complained against by the starter to the stewards, who will reprimand them for trivial offences, or perhaps suspend them from riding during the continuance of the meeting for grave faults; or remand consideration of the case to the higher tribunal of the Jockey Club, as may be deemed right.

The starter officiates at one end of the course, the judge at the other.

A judge on a racecourse is entrusted with very onerous duties, and, seeing the value of the interests with which he is entrusted, ought to be a man of rare integrity; and so far as can be known, racing judges to-day are men of honour in their calling. Not only the integrity of the judge, but his powers of observation are of the utmost importance, when it is considered that hundreds of thousands of pounds sometimes change hands on his fiat--a fiat, be it understood, from which, as a rule, there is no appeal. A race is sometimes so nearly what is known as a "dead heat," that persons express dissatisfaction with the decision of the judge and assert that the second horse undoubtedly earned the verdict of victor. So close upon some occasions is the contest, that the leading jockeys themselves are unable to say which animal has won till its number has been hoisted on the indication board. Where a numerous field of horses compete in a short race, half-a-dozen of the number may gallop so evenly that it is sometimes very difficult for the judge to say which of them has arrived first at the winning-post. A novice in the judge's box during an important race would be a misfortune, the verdict of that official being, in almost every instance, final, even in the case, upon occasion, of an obvious blunder; and, as is well known, blunders have more than once been made by racing judges; because of the winning horse having escaped his notice, the race has in consequence been awarded to a horse which ought to have been placed second.

In addition to the important officials whose duties have been briefly indicated, there are one or two others employed in various capacities, as money and check takers, door keepers, course clearers, etc. One official must be briefly alluded to, he is a self-appointed one, who is not in receipt of any salary, but gets his "chance"; that official is "All right," a man who attends in the weighing room, and who, when the contending jockeys have been weighed in after the race, and it is ascertained that no objection of any kind has been offered against the winning horse, comes into the paddock and shouts out the welcome words "All right," to signify that those who have been betting may proceed to settle accounts. This most useful functionary is paid at the end of each meeting by a voluntary subscription from bookmakers and others interested in the good news which he disseminates.

The racing officials mentioned hold their offices on good behaviour. No starter, judge, or other functionary can afford, by an exhibition of delinquency, to brave the wrath of the Jockey Club. To be "warned off" Newmarket Heath and all other places where the stewards of the Club have power, implies professional extinction. No functionary of the turf under the ban of the Jockey Club would find employment. What being "warned off" Newmarket Heath means to an owner of horses may be quoted: "When a person is warned off Newmarket Heath under these rules (the rules of racing), and so long as his exclusion continues, he shall not be qualified to subscribe for, or to enter or run any horse for any race either in his own name or in that of any other person, and any horse of which he is part owner shall be disqualified."

II.

Having recited the duties of the chief officials connected with the business department of horse-racing, it becomes necessary to proceed a stage further and explain the constitution of one or two of our principal race meetings, of which only those immediately interested in the sport know very much. The constitution of several of these events is, however, somewhat obscure, inasmuch as the details are not known to the public. At Newmarket it is the Jockey Club which profits or loses by the racing which takes place on the classic heath. At Royal Ascot the handicappers are only the servants of higher powers; at Goodwood the moneys derived from the annual meeting, whatever they may amount to, are placed to the credit of the noble Duke on whose estate the races are run. The revenue from the race meeting annually held in Goodwood Park is reputed to be large, and as in a comparative sense little addition is made to the stakes, the profits are probably considerable. About Epsom and its grand stand, information of an interesting kind has been frequently published. At Doncaster, the various meetings are in the hands of the corporation, the profits derived going to benefit the town. Gate-money meetings are promoted by joint-stock companies, and several of them have become profitable institutions. It has been computed that on some race days at Manchester, as many as eighty thousand persons have paid for admission to the ground in sums varying from sixpence to a guinea.

New sources of revenue are frequently devised. Tattersall rings, not known of old, yield a handsome sum, and are supposed to be used only by the _crème de la crème_ of the sporting fraternity; charges are also made for admission to the saddling paddock; at every turn, indeed, there is something to pay, either legitimately, or by way of _backsheesh_. The various refreshment stations, in the shape of rooms and tents, and often multiplied "bars," likewise yield a considerable revenue.

Newmarket is the capital of the turf in England. It is known as "head-quarters," and is the nominal seat of the turf legislature, which is represented by the Jockey Club. There are thirty-one different racecourses at Newmarket, ranging from a little over a furlong, to the Beacon course of four miles, while, during the year, seven meetings take place at which about two hundred and fifty races are decided. Newmarket, as well as being head-quarters of the turf, so far as sport is concerned, is also a resort of many trainers: several stables of importance being located at that place. The Jockey Club being eminently conservative, none beyond the stewards and its principal servants know anything about its financial position; but it is supposed to be growing wealthy. The numerous racecourses at Newmarket form a puzzle to the uninitiated, and, conservative as the Jockey Club is known to be, the time is not far distant when it will require to remodel its racing ground; race grounds might be named, which, although less classic, are more convenient.

Before racing can be entered upon, the horses must, as a matter of course, be in a fitting state of preparation to run for them. Trainers to prepare those animals for their work, as also jockeys to ride them in their various contests, is a matter of necessity. Race-horses are very expensive to keep; but it is questionable if more than twenty-five per cent. of the animals in training ever earn for their owners much more than a clear £1,000 per annum. Horses which prove successful in the Two Thousand or One Thousand Guineas Stakes, the Oaks, the Derby, the St. Leger, and the more important handicaps, earn large amounts for those to whom they belong. These, however, are exceptional horses; generally speaking, they are _the_ horses of their year. Owners of one or two animals who lay themselves out to win an occasional big handicap, occasionally bag a large sum of money, chiefly in bets, however.

Investing money in blood stock for racing purposes is much like purchasing a lottery ticket. It is the breeders, we suspect, who make most money out of "blood stock." There are, at least, a dozen famous breeding studs in England, kept up at great expense, and introducing to the turf, year by year, many highly bred horses, the greater number of which are sold by auction; two breeders of renown, out of their profits, were enabled to found races of value which are annually decided at Newmarket.

The "business" of racing includes the breaking-in and training of the horses, and on the skill with which this is accomplished, depends much of the success or non-success which attends the animals during their racing career. Some trainers are particularly fortunate with yearlings entrusted to their care, and are able to bring them to various race meetings trained to perfection. Others, again, less able in their profession, or less fortunate in the ability or stamina of the animals entrusted to their care, do not make so good a show with their horses, and are consequently not looked upon with the same favour by the racing community. It is seldom difficult, however, to win a race with a good horse (or even a bad one) properly prepared for the struggle. Many capable judges of horse-flesh think that horses are occasionally "overtrained," and that, in consequence, when the hour of contest arrives, they are compelled to succumb to some more robust rival. Some trainers have acquired fame in their business from their ability to train a horse to win the Derby; others devote their time and attention to the preparation of horses for long or short distance races, whilst a third class look chiefly to steeple-chasing, and delight to train horses to jump.

III.

It is no part of the writer's intention to describe the economy of a training stable; but the business of a trainer of race-horses is one which is fraught with anxiety; a sudden change of the atmosphere may ruin his prospects of winning an important race, or a horse ridden at exercise by a careless boy may be brought back to the stable so lame that it can hardly ever again be depended on to run. The modern trainer is usually a man of some education and intelligence, a contrast to his predecessor of sixty years since, who was simply a groom and little more; he knows the anatomy and constitution of the horses placed under his care, and is familiar with them in health and disease. He has also to administer his establishment with care and economy, and has to keep up the discipline of his place; he may be the master probably of thirty or forty lads, whom it is not easy to keep in order.

A trainer who may, in the course of the winter, find he has the favourite for the Derby, or some other great race, in his stable, passes an anxious time, more especially when those who own the animal are addicted to heavy betting, and "the horse has been backed to win a fortune" in bets. To keep a horse in health demands the unceasing attention of its trainer and his servants: to see that its food and drink are of the best quality, that its gallops are properly regulated, that it is carefully housed, and that no improper person obtains access to it, are duties that must be performed with unceasing watchfulness. Sometimes, though a trainer be ever so lynx-eyed and careful, he will be baffled, and will awake to the sad consciousness, some fine morning about the time fixed for a race, that the horse has been "got at" by some interested party, and rendered useless for the coming event.

Derby favourites have occasionally been "nobbled," no one being able at the time to say how. The blacksmith may have pricked it in shoeing, its water may have been poisoned, some deleterious substance may have been given to it in its daily food, it may have injured its leg in some trap set for it on the racing ground, or its stable attendant may have been bribed to injure it, or a dozen other plans of a like kind may have been devised to place the high-mettled steed _hors de combat_. Day and night the trainer requires to be on the watch: in day-time his eye must be on the training ground watching the boys, and many a sleepless night must he pass in feverish anxiety as to the fate of the favourite, for of such is the business of horse-racing.

Owners and trainers of race-horses occasionally have fortune in their grasp without knowing it; in other words, they may possess an animal capable of winning a Derby, and yet be ignorant of the fact. Horses upon which, at first, very little store may be set, frequently prove of great value, able to win important stakes, and afterwards bring large sums of money for use at the stud. To be in a position to inform his employer how best to "place" his horses, forms one of the chief merits of a trainer. It is useless to enter slow, plodding horse to take part in a short-distance race where speed is the chief quality required, nor on the other hand is it worth while to enter a horse suitable to a five-furlong course, in the Great Metropolitan or Cesarewitch Handicaps, which can only be won by horses of staying powers.

There are a few owners and trainers of race-horses who possess the happy knack of so placing them, that they win the majority of the races for which they are entered. The Swan, I remember, was a horse which was always so happily placed that it won a large number of races for its owner, Mr. John Martin; other race-horses of greater celebrity, such as Lilian, might be mentioned as having been equally useful during their career on the turf. A gentleman possessing a stud of perhaps half-a-dozen or eight animals will frequently have a larger winning account at the end of the year than an owner of perhaps three times the number, just because he knows better what to do with them, or how to "place" them, so that he may, by winning a few races, earn their keep and pay for the entries made on their behalf. To be able to do so--to "place" one's horses, so that each may be able to win a couple of races in the course of the season--implies a good knowledge of the business of racing. Men with big studs usually strive to win the larger stakes, but as these stakes are fewer in number and have more numerous competitors, so their chances of success are proportionately lessened; but when a Cesarewitch, Cambridgeshire, or Manchester Autumn Cup is won, the money gained even in stakes is worth adding to the owner's bank account.

As has been stated, no race-meeting takes place by accident; for the so-called "classic races," the entries--an important feature of racing business--have to be made while the animals are yearlings. In numerous contests, the horses appointed to compete must be named long before the time advertised for bringing off the meeting, so that both owners and trainers require to keep their eyes open and have their wits about them to be able to do the right work at the right time. In several important training stables, there is so much correspondence to be got through, and so much book-keeping to be done, so many accounts to check and settle, as to render it necessary that the trainer should keep a clerk or secretary, an office filled in some cases by a member of the trainer's own family, perhaps his wife, or a daughter. It would never answer to allow a stranger to become familiar with the secrets of the prison-house.

It will be gathered from the foregoing summary, brief as it may be thought, that horse-racing to those engaged in it is somewhat of a serious pastime. "It takes a bit out of a jockey" to ride two or three races per diem, whilst trainers as a meeting progresses have much to do; owners also, with "thousands" invested in entry moneys and bets, have anxious moments to endure. In short, without devoted, never-ceasing attention to the business incidental to the turf, horse-racing as a pastime for the people would speedily come to an end.

IV.

The foregoing observations on the "business" of horse-racing may be fitly supplemented by a few additional remarks about the officers of the turf--chiefly with regard to former doings by these gentlemen, whose positions to-day are less "picturesque" than they were half a century ago.

Various meetings are becoming nowadays hard to sustain, and there is, in some instances, it is generally believed, a good deal of begging on the part of the clerk of the course to get the requisite funds; in such cases that gentleman performs, or used to perform, a liberal share of the work. It may be mentioned here that when on a particular occasion a Queen's Plate, usually run for at the popular Scottish Musselburgh meeting, was disallowed by Parliament, at the instigation of a Radical member of the House of Commons, the clerk of the course, Mr. James Turner, along with some friends, conceived the idea of replacing the disallowed trophy by a "People's Plate" of the same value, £100; a subscription was suggested, and the requisite sum of money was obtained in the course of a day or two, mostly in pence.

In a work published forty years ago, which probably few readers of these pages have had an opportunity of perusing--"Turf Characters" is its title--the following summary is given of the higher duties of a clerk of the course:

"The clerk of the course has many obligations to fulfil, the due execution of which requires almost incessant attention throughout the whole period of the year, apart from the race-week itself. For the efficient performance of those obligations, he must bring into full exercise not only appropriate capabilities in his own part, but their judicious application with regard to others. He is an important connecting link; and upon himself depends, in a considerable degree, the success and popularity of the meetings with which he is immediately connected, as well as the maintenance of his own reputation. He should not only be well acquainted with the laws of racing, but with all the matters and propositions--with, in short, the prevailing state of the turf; and, although it may not be needful that he should be, as it were, a walking calendar with regard to past decisions generally, or to pedigrees in particular, he should arm himself with every needful information to strengthen his energies and aid his success. He should be accurately acquainted with the several studs of horses in training, what has been accomplished hitherto, and what is in anticipation. He should be known to the respectable owners as well as to the trainers themselves. To the former his deportment should be respectful, without subserviency; zealous without intrusion; ready to give every information as to added money on the one hand, and as to weights, distances, penalties, and forfeits, on the other. With the latter, he should be on comparatively familiar terms; as ready to communicate propositions as to listen to suggestions; commanding respect by a uniform civility, and assuring confidence by faithfulness and integrity.

"He should attend all the race-meetings throughout the country, not only for the purpose of obtaining information as to the proposals emanating from other great and competing race-meetings, but for securing additional subscriptions or nominations contained in his own red book, which, at the suitable opportunity, should be submitted to the noblemen and gentlemen then present, although, perhaps, he may have previously communicated with them by circulars through the post.

"By adopting this course, he places himself in the focus of turf intelligence, from which radiates the information which he should turn to the best account. While he thus becomes well known to all parties, and esteemed for the propriety of his deportment on all occasions, perhaps lauded for his praiseworthy zeal and assiduity, he becomes also the best means of communication with all the owners of horses, and is thus fully enabled to carry out the views of the race-meeting of his own locality, city, or burgh, the most judicious appropriation of the grants of the municipal body, or the subscriptions of the inhabitants, and ensure the success and popularity which in racing matters are the life-blood of the meeting."

V.

Many curious anecdotes have, from time to time, been circulated about the doings of various officers of the turf, not a few of them, perhaps, of a rather imaginative kind. In one or two instances where the clerk of the course acted also as handicapper, as well as being lessee of the grand stand, it is said that it was his custom to "retain" all the big stakes; in plain language, it has been more than once implied that some handicappers were allowed, by certain owners, to keep the stake-money, on condition of the horses entered by them being favoured in the apportioning of the weights. "If my horse wins," would say an owner, "the bets I make will pay me; therefore I shall not trouble myself about the stakes." Such stories must be taken with the usual grain of salt. A story, however, was recently circulated by a well-known turf writer about a small owner, who, having won an important handicap, called on the clerk of the course to lift the stakes; he was received with a most incredulous stare, but after a brief pause, the official wrote out and signed the necessary cheque. "There," said he, "but learn your business better; don't let this occur again."