It may be added that, like most born gamblers, Colonel Mellish lost
his money with the greatest coolness, ever accepting ill-luck with
imperturbable equanimity. The hazardous joys of racing were to him an
irresistible lure, and no more ardent supporter of the Turf than he
ever lived. His career as an owner of racers only extended over about
seven years, from 1801 to 1808, when financial difficulties obliged him
to abandon the sport to which he was devoted. The greatest financial
reverse he suffered was when Mr. Clifton's Fyldener won the St. Leger
in 1806. Over a million guineas are said to have changed hands over
this race, and Colonel Mellish lost an enormous sum. Nevertheless, as
a judge of racing there was no man held to be his equal. If indeed
judgment in such matters could preserve any one from ruin, then Mellish
should have kept his fortune. Endowed with mental qualities far above
those possessed by most sporting men, the owner of Blyth soon attained
a remarkable knowledge of the intricacies of the Turf, and the best
judges used to declare that they never knew a man who was better able
to gauge the powers, the qualities, and capabilities of the racer, as
well as the exact weights he could carry, and the precise distances he
could run. Unfortunately there was one side of the Turf life of his day
which he could not master, that was the rascality of those who took
care not to leave to accident the chances which made ultimate success
certain.
Colonel Mellish was not only a most excellent judge of a race-horse,
but well acquainted with all the intricacies of managing a
racing-stable. He was universally admitted to be possessed of an
extraordinary capacity for making matches, and as a handicapper was
declared to be supreme. A careful investigation, however, of the old
Racing Calendars from 1805 to 1807 hardly confirms such an estimate of
the Colonel's abilities in this direction. In those three years he won
38 and received forfeit for 15 matches, losing 57 and paying forfeit
for 31; that is, he won £11,505 and lost £18,600 in stakes. In addition
to this he must, of course, have lost very large sums in bets.
Public-domain text, read in full here on John Shaqi.
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