other races named are between £1000 and £2000 in value; but these are not the richest two-year-old prizes of the year, the value of the National Breeders’ Produce Stakes at Sandown, run on the day following the Eclipse, being between £4000 and £5000, and the Imperial Stakes at Kempton Park falling not very far short of £3000. As a rule, a colt who has been specially successful as a two-year-old maintains his capacity later in life, unless it be found that he cannot “stay”—that is to say, is unable to maintain his best speed over more than five or six furlongs; but it is frequently the case that fillies who have won good races as two-year-olds entirely lose their form and meet with little or no success afterwards.
Newmarket is called with reason “the headquarters of the Turf.” There are about forty training establishments in the town, each trainer being in charge of an average of thirty to forty horses, irrespective of mares, foals and yearlings. During the year eight race meetings are Newmarket. held on the Heath: the Craven; the First and Second Spring; the First and Second October—the First October usually occurring at the end of September; and the Houghton. These are contested on “the Flat,” the course which includes the Rowley Mile. It is said that the Rowley Mile is so called from the fact of its having been a favourite race-ground with Charles II. The First and Second July Meetings take place on another course, known as “Behind the Ditch,” the Ditch being the huge embankment which runs through several counties and has existed from time immemorial. The Craven Stakes for three-year-olds is an event of some importance at the first meeting of the year. It used to finish on an ascent at what is called the “Top of the Town,” a course over which the handicap for the Cambridgeshire was run. This course has now been abandoned and the stand pulled down. At the First Spring Meeting the Two Thousand Guineas and the One Thousand Guineas occur, as already stated, but the names do not represent the values of the stakes, which are, in fact, usually worth close on £5000 each. The July Stakes and the Princess of Wales’ Stakes are run at the First July Meeting. The Jockey Club Stakes is the leading event of the First October; the Cesarewitch and the Middle Park Plates follow in the Second October; the Criterion Stakes, another of the few races that once finished at the “Top of the Town,” the Cambridgeshire and the Dewhurst Plate take place at the Houghton Meeting. The majority of races finish at the Rowley Mile post; but there are three other winning-posts along the Rowley Mile. “Behind the Ditch” races finish at two different posts, one of which enables horses to avoid the necessity of galloping up the severe ascent of the “Bunbury Mile.” Although, as a rule, there is no better racing to be seen than the best events Ascot and other meetings. at Newmarket, the programmes are often spun out by selling plates and paltry handicaps, and a high level is nowhere so consistently maintained as at Ascot. The Ascot meeting is distinguished by the entire absence of selling plates, and much more “added money” is given than on any other course. Added money is the sum supplied by the directors of a race meeting, derived by them from the amounts paid for entrances to stands and enclosures; for in many races—the Ten Thousand prizes, for instance—owners run mainly or entirely for money which they have themselves provided. The Ascot Cup is generally spoken of as a race success in which sets the seal to the fame of a good horse. It is a prize of the highest distinction, and of late years has been of considerable value, the winner in 1909 having gained for his owner £3430. That the number of runners for this race should be invariably small—the average for many years past has been about six—is not a matter of surprise to those who are familiar with the Turf. There are very few horses possessing sufficient speed and staying power to make it worth the while of their owners to submit them to the exceedingly severe test of a preparation for this race, which is run over 212 m. of ground at a time of year when the turf is almost always extremely hard everywhere, and harder at Ascot than almost anywhere else. There is no course on which more good horses have hopelessly broken down. All the prizes are handsome, and success at Ascot confers much prestige, for the reason that the majority of horses that run are good ones; but annually there is a list of victims that never recover from the effects of galloping on this ground. Goodwood also attracts horses of high character, though some unimportant races fill out the programme. Formerly there were many meetings around London, which fell into disrepute in consequence of the manner in which they were conducted. These have been replaced by well-managed gatherings in enclosed parks, and here the value of the prizes is often so high that the best horses in training are attracted. These meetings include Sandown, Kempton, Gatwick, Lingfield, Newbury and Hurst Park. Liverpool, Manchester, Birmingham, Brighton, York and various other towns have race meetings twice or oftener in the course of each year. At the various fixtures over half a million of money is annually given in stakes. The largest sum ever won by a horse was the £57,185 gained by Isinglass in 1892–1895. Donovan follows with £54,935. In all probability these large totals would have been considerably exceeded had not Flying Fox—who had won in his first two seasons £40,090—been disqualified by the death of his owner, the duke of Westminster, as this colt was engaged in the four £10,000 races of 1900, in which to all appearance he could not have been beaten, so much was he superior to his contemporaries. The death of an owner of horses disqualifies the animals he has entered—a necessary regulation, as otherwise an heir might be burdened with a stable of horses the possession of which would entail heavy expense and serious responsibility on a person who perhaps had no knowledge of or taste for racing.
The value of an unquestionably good horse is enormous. It has been seen what handsome prizes are offered for competition, and when withdrawn from the Turf the horse may secure a large income to his owner at the stud. A stallion’s fee of 600 guineas (as in the case of St Value of horses. Simon) should mean well over £20,000 a year; and fees of 100 guineas and more are common. Proved merit on the Turf is considered essential in a sire, though there have been instances of horses, unsuccessful during their racing career, who have distinguished themselves at the stud: Wisdom, sire of the Derby winner Sir Hugo, and several notable examples might be cited. Mares are much more uncertain in this respect. On the whole, the famous mares that have won the Oaks, the St Leger and other leading races, have been apt to fail in the paddocks; but there is always a hope of success with them, and the large sum of 12,600 guineas was paid for La Flèche when she had ceased from active service on the Turf. For None-the-Wiser 7200 guineas was given; and 4600 guineas for Wedlock when well advanced in years, on the strength of her having been the dam of a good horse called Best Man. Well-bred mares that have shown no capacity for racing are, however, frequently the dams of good winners. Breeding is a lottery. An Australian enthusiast some years since published a book the object of which was to enable breeders to produce good horses by a species of mathematical calculation; but the fallacy of the “Figure System” was at once proved by the simple circumstance that in very many cases the own brothers and sisters of good winners, whose breeding conformed entirely to the system, proved to be utterly worthless for racing purposes. It is a fact difficult of explanation that the majority of famous winners have been privately bred by their owners. Many persons breed for sale, in some cases sparing no expense or trouble in the endeavour to secure good results, and yearlings sold by auction have fetched prices of from 10,000 guineas (paid for Sceptre, a daughter of Persimmon and Ornament, in 1900) downwards; sums of over 1000 guineas being frequently given. That so large a proportion of high-priced yearlings should turn out failures is not at all a matter for surprise, considering the uncertainties of the Turf, but it by no means follows that a high-priced yearling is necessarily an expensive animal; 5500 guineas was, for instance, given for La Flèche, who won for her owner £34,585 in stakes, and, as already observed, was subsequently sold for 12,600 guineas. The principal yearling sales take place during the July meeting
