'"Sir—Upon a strict examination of the two pictures by the limner in your lane, I am clear you are in possession of the identical horse you intended to purchase, although he does not exhibit quite so much agility under you, or make so tearing a figure as when mounted by Mr. ——, who I am well acquainted with, and who, you may depend, is as honest a man as any that deals in horseflesh.

'"You could have no right to return the horse if he went no better than one with his legs tied. You stand in the predicament of Lord ——, who gave twenty guineas for Punch, and when he found he could not make him speak prosecuted the showman; but my Lord Chief Justice adjudged the man to keep his money, and my Lord his Punch, although he could not get a word out of him.

'"My opinion is, sir, as you ask it, that the decent man in the scratch-wig made a very sensible remark when he observed that my friend Mr. —— knew how to make the most of a horse, and I am satisfied that you, sir, know with equal facility how to make the least of one.

'"I am, Sir, your humble servant,

'"G. Gambado.

'"P.S.—I am sorry to add my maid tells me that two shillings out of your five were very bad ones."

HOW TO MAKE THE LEAST OF HIM.

'Letter to G. Gambado, Esq.