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.