The New York herald., 1868-06-19

The wisely foolish fo0lIshly wise Mica wber found
by sad experience that happiness followed the saving
OF sxpence of the smallest income; misery an ex-
cess OF expenditure OF the like amount SO It Is
with the Derby. stand to lose nine hundred pounds
and win thousand and you may throw up your hat
In the air invite your friends to something better
than cold mutton and pots OF half-and-half
and buy your wife the long promised bon
net Stand to lose as much on the balance.
and behold the result in the countenances
OF your acquaIntances, the little bills from your
tradesman, "with which. sir, they are sorry to
trouble you, but" &C.. &C., and In the speedy ap-
pearance OF the bail at the suit OF Messrs. SOand
So or Mr. whatdyecallem. Win or lose 1t is edifying
to behold the marvellous self-cOntr0l of professional
sportsmen In connection with the present settling
on the Derby. Bookmakers, to be sure, are, as q
rule, stOlid and phlegmatic to q degree and rarely
permit the state of their accounts to write itself
on their features. You may occasionally see them
at q meeting, when hot favOrite has been
beaten after an exciting race. indulge in exuberant
In wild pean OF triumph and you may Also when
hot favOrite has not been beaten, see their lower
laws fan and nn hear them indulge In good deal Of
their COuntenanCes are as mpassive that OF the
late M Ialleywnd or that of the present Mr.. Dsrae
Even when ''puIling out'' money after a fashion
which forcibiy reminds one Of the extraction OF
tceth not the slightest gr0an escapes them, not
"sweet sOrrOw,n not culver OF the lips betokens
the hidden fire, If any such there be.
II ever men might be excused for exhibiting such
symptoms or anguish the bOOkmakers who have paid
over the victory OF Blue Gown are the men, for there
never has been an event in the history OF horse
racing which proved so disastrous to the layers.
think pointed out in my last the grounds of such
result in the fact that the ring believing in the udg
ment of Sir Joseph Hawley, the owner Of
the winner, who had constantly asserted the son
OF Bas Blue to be the worst OF his now
famous trio, laid persisently against him; while the
general public, VINO have more than once been gain
bV SDpOrtnr their ttfancie9,i through thick and
thin, combined to back him throughout the country
from Lands End to John O'Gr0at's" with the isis
ter Ise' thrown in. The result, when the cherry
jacket and black cap passed the post first nev
table; the layers mad TO pull ont their money very
come under every ones observation, and founding
on them and previous experience, no less than
900 000 or about S50Oo000 ia gold, have been lost
on the race. Ii cannot be expected that statement
like that will strike Americans with surprise, but
betting on such scale makes the English feel them
selves "a great people," II further reason for as
tonishment be required / may state on authority
which cannot he disputed, that the transactions OF
ten alone OF the leading boOkmakers amounted to no
less than quarter OF million sterling while fifteen
OF them brought 10 Tattersalls and the clubs for
settlement and in their pockets f3Oo,oOo. or
$l,500,000. Yet In face OF the terrific onslaught on
them the ring have 'come up to time'' in manner
which the most hopeful creditor could hardly have
anticipated, and on all sides IL Is allowed that never
in the experience OF the veriest NestOr OF turtles has
there been so satisfactory Derby settlement speak
OF course. only OF the accounts adjusted by the recOg
nzed ringmen whose positions being made must be
kept by integrity if they to hold their heads above
water. Some few of the smaller men, it is stated,
have been borne down by the irresistible avalanche
or public success, but all Oh whom the blow has
fallen most heavily have made up their minds to
"grn and bear IT, ana have paid.
Settling at the Victoria Club and at TattersaS IS
after the Derby ia an event which the most straight
laced OF the uncO gllld' would be compelled to own
is not only of rare interest In ITSELF but is fraught
with meaning indicative OF the tastes and habits OF
the English people or course at both resorts 1t is
only representative men that put In appearance, but
then they represent good many millions of the in
habtants OF these islands. The heavy sums invested
on race like the Derby personally laid and taken
between the big bOokmakers and the bio hackers on
the race courses and at the clubs months before the
decision OF the event. but the commission agents who
deal in all sorts of small amounts, from a half
nous number Of people for whom they are acting
throughout the length and breadth OF che land.
place on the Monday Of Sever every week during urh
the season, though a large amount OF business
Is no doubt cleared or at the various meet
ings throughout the country. For the Derby how
ever the arrangements are much more elaborate and
two days Monday and Tuesday following the event,
are set apart for arrangement The bulk of the
II engross the attention OF sportsmen that hardly
bet Is made on the most important events, such as
the Grand Prix, the Ascot Cup, the Royal Hunt Cup,
or the Northumberland Plate. On the following day,
however. the attendance OF members and the
We usually lind little speculation on the future,
though 1t is still OF a languid character Nothing
indicates the vast increase OF the taste for racing
and for it's inevitable attendant, betting, than the
change that has Of late years taken place in the
arrangements for betting. Sitting in the bar OF the
Victoria to-day heard humorous turtle Of the old
school describe to u delighted audience the nOdus
operdnd, some few years since. 'Smth would come
up to me on tie Monday, and looking at his book
would nod at each other and settle the next day.
Nowadays, by =. Smith taps me on the shoulder
have to pay II on the spot"
That is about the state Of the case not only in
gard to the time Ofpaymcnt, but to the amounts paid
You may settle either the Monday or the Tuesday
comparing having taken place days before; but
some ingenious gentlemen, especially those whose
names figure in Debrett, have habit OF turning the
arrangement to their own advantage. The Marquis
Cingbars for instance, or the Lord Nozoo or Sir
T9htdt Bareacres comes down to Tattersalls on the
Monday balance sheet In hand and hunting out with
an industry which he would be ashamed to show In
Pail Mall or own TO in Mayfair his principal debtors,
draws his money and puts on his creditors to o
''mOre convenient season." to wit. Tuesday. When
that day arrives, however the ornament Of the peer
age and noble sportsman discovers he has i'm
portant engagement at the Highlands or ut Paris, or
In Central Africa, or anywhere but Tattersal's, and
nus unfortunate creditors may whistle fcr their
chase of commission, or prospective marriage at
St George,s Hanover square, induces the ''swe' to
have another shy" at the wheel Of fortune.
AT THE VICTORIA CLUB
the business transacted Ia cheny between commits
sion agents and boekmakers and between boOkmak-
to turn up later In the day at TattersalPs, In the
aristocratic far west. The club IL a handsome three
stored stone edifce, occupying the corner OF Wei
hngt0n and Exeter streets, and 30 hanging like an
architectural Mahomet's CONN between the heaven
VI uio IesticSS aCuNity anu CnccTIu 8hyety OI tnc
Strand and the earth OF the wretched squalor and
misery OF the far famed "hundreds Of Drury." It
looks rather like an insurance ofice, with capital
indicated by a one and six. noughts. or Joint stock
bank that won't ruin its shareholders. Hther at any
time between twelve and three the principal mem
bers Of the ring resort; but stranger some little
difficulty In getting In, and has to be accompanied by
some one possessed OF the talisman OF membership
even to the bar which adjoins the principal ROOM
while considerable buttonh0lng and smooth words
are requisite for entrance to the penetraa OF the
sanctuary Of fortune or course. Just now In the
present heatand the weather has 'the chill of'
very much indeed-there are many loungers at the
bar where they mbibe Icy liquids discuss the gossip
Of the day or consult the racing calander which,
nanked with files OF new betting books, the prin-
cipal furniture or the passage. After a modest
"quencher" we proceed to the betting room, which
on this particular Monday afternoon we flnd crowded
to excess. 1t Is an apartment OF fair size for small
tea party, but rs nadquate for the accommodation
OF the club as Belgravian drawing room in full
rout" during the season. The furnishing is simple
but extremely TASTEFUL the walls are amply provided
with mirrors IN which you may contemplate your
preston after paying that thousand you have lost
hat tCifra and wit frai ifa of