the race-course where now yon suburban village nourishes, in the year eighteen hundred and ever-so-few? Though I never owned a horse, have I not been the proprietor of six equine females, of which one was the prettiest little "Morgin" that ever stepped? Listen, then, to an opinion I have often expressed long before this venture of ours in England. Horse-racing is not a republican institution; horse-trotting is. Only very rich persons can keep race-horses, and everybody knows they are kept mainly as gambling implements. All that matter about blood and speed we wont discuss; we understand all that; useful, very,—of course,—great obligations to the Godolphin "Arabian," and the rest. I say racing horses are essentially gambling implements, as much as roulette tables. Now I am not preaching at this moment; I may read you one of my sermons some other morning; but I maintain that gambling, on the great scale, is not republican. It belongs to two phases of society,—a cankered over-civilization, such as exists in rich aristocracies, and the reckless life of borderers and adventurers, or the semi-barbarism of a civilization resolved into its primitive elements. Real Republicanism is stern and severe; its essence is not in forms of government, but in the omnipotence of public opinion which grows out of it. This public opinion cannot prevent gambling with dice or stocks, but it can and does compel it to keep comparatively quiet. But