Thursday and on Friday, and those whose banks lasted over the first run of ill-luck left off winners of large sums. With the demand for payment of balance came a request which, from its very coolness, must have staggered those who, being once victimised, could see through the swindle, though in very many instances—as if in corroboration of Mr Carlyle’s theory—it was complied with. This was a desire for a fresh trial, and positive security from loss was guaranteed. It is noticeable in the table given that by a judicious selection of races and horses the winnings were bound to be always low, as animals with odds on are selected, and that when stakes are lowest. When on the doubling principle the stake on the chosen winner would be inconveniently large a race was omitted. The returns made were necessarily various, but that given is an accurate representative of the system.
Balliee & Walter continued to flourish for a long time; but whether it was that they became individually greedy, whether newspaper proprietors became exorbitant in their demands on the spoil, or whether rivalry affected them, we know not, all we do know is that they committed a most openly outrageous act on a race-course, and the bubble at once burst. It may seem strange that anything discretionary-investment agents, who had been gradually becoming a byword and a reproach, could do would affect their position; but our duty is to record the fact, and not to allow it to be disputed on any theoretic grounds. If they had calmly continued to merely swindle, they might have advertised till now; but they outraged the sanctity of the British race-course, and were damned for all time, if not to all eternity. They had become possessed by some means or other of a hurdle-racer called Goodfellow, and two or three weeks before