The "Leviathan," although not himself the originator of the list system of betting, was not long in seeing--being a ready money system--that good fortune awaited that plan of turf speculation, and he accordingly commenced business at a public-house in Serle Street, in the Strand, known as the "Durham Arms," at which in the course of time so great a trade was done (in liquor) as to enable the landlady to retire from business within the course of two or three years. Davis was proprietor of two or three lists, as also the originator of three or four for which other persons ultimately became responsible. Publicans were well pleased to allow betting lists to be shown in their houses--it was a source of revenue to them, as few bets were made over which a pint or two of beer was not consumed, so that landlords "made money," as the saying goes, in the days of the lists, a list being an excellent advertisement for every house in which it was hung up. The chief centre of list betting was Long Acre, and in that street was to be found one of the "Leviathan's" lists, and so great was the business done, that not only was his own supervision necessary, but the aid of two or three clerks became essential. Other "list masters" carried on a roaring trade as well as Davis, but he was undoubtedly the leader in that feature of the betting business of his time; "punctual payment with a pleasant courtesy of words," was his motto, and that way of doing his work soon made him king of the list men. No man engaged in betting was ever more punctual in his payments than Davis. On various occasions when he had lost big sums to gentlemen, he did not delay his payments till the orthodox settling day, but would hand over a cheque for the amount he had lost immediately after the race had been decided. As was to be expected in such a money-making avocation as list betting seemed to be, scores of the merest fortune hunters speedily entered into the business, many of whom were utterly dishonest scoundrels who pocketed all the money they could collect, and then on the decision of some important race on which they had received large deposits, closed their offices and were no more seen in their accustomed haunts. Davis in time retired from business and lived for some years at Brighton, where he died, leaving a sum of about £150,000 behind him. FREDERICK SWINDELL.