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Intrinsic Value of a Horse.
 Although it is a common axiom that "the value of a thing is exactly what it will fetch," yet in the hunting field the price at which a horse has been sold is very rarely a criterion of his real worth, the reason being that his performances are made up of three items, of which he himself forms only one, the other two being stable management and good riding, for neither of which is the quadruped entitled to claim the smallest amount of credit; and yet, on the principle that "handsome is that handsome does," it is a usual error, especially among young sportsmen, to estimate that a horse which goes brilliantly must be a good one, and vice versâ; whereas an ordinary description of animal, in splendid condition, and judiciously ridden, cannot fail to leave far behind him a superior one injudiciously ridden, made up of flesh instead of muscle, of impure instead of pure blood, and of bloated, unpractised, instead of healthy, well-exercised lungs. For these reasons it continually happens that a horse that has been observed to go what is called "brilliantly" throughout a run, is, at its conclusion, sold for a considerable sum, in addition to another horse, on which the purchaser, in a few weeks, leaves behind him the animal he had sold, whose owner now to his cost discovers that  
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