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Runciman, James, 1852-1891

"The Ethics of Drink and Other Social Questions Joints In Our Social Armour"

One good friend of mine, whose fortune has been made by shrewd
judgment and constant work, always keeps five or six racers in training.
He goes from meeting to meeting with all the eagerness of a boy; his
friends sturdily maintain that his stud is composed of "hair trunks,"
and the animals certainly have an impressively uniform habit of coming
in last But the good owner has his pleasure; his hobby satisfies him;
and, when he goes out in the morning to watch his yearlings frolicking,
he certainly never dreams that he is fostering an immoral institution.
Could we only have racing--and none of the hideous adjuncts--I should
be glad, in spite of all the moralists who associate horse-flesh with
original sin.
As to the bookmakers, I shall have much to say further on. At present I
am content with observing that the quiet, respectable bookmaker is as
honourable and trustworthy as any trafficker in stocks and shares, and
his business is almost identical with that of the stockjobber in many
respects. No class of men adhere more rigidly to the point of honour
than bookmakers of the better sort, and a mere nod from one of them is
as binding to him as the most elaborate of parchments. They are simply
shrewd, audacious tradesmen, who know that most people are fools, and
make their profit out of that knowledge.


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