And now, when the great constellation was near the setting, others commenced to rise. There was Mr. Donald Wallace, a generous and successful owner, and one whose name has been rendered altogether deathless through the peerless Carbine. He did not, however, breed the great horse himself, but bought him for what was considered a very large sum, three thousand guineas. Before Mr. Wallace died, unfortunately at a comparatively early age, Mr. W. R. Wilson appeared on the scene. He bought the St. Albans Estate, in the neighbourhood of Geelong, collected a stud of the very highest class of brood mares, and, by the aid of the Musket blood, principally through Trenton, and the St. Simon strain, through Bill of Portland, he experienced a succession of successful years, during which he stood at the head of the list of winning owners. It was in his reign that the first importations of the Galopin-St. Simon stock found their way into Australia, the effect of which has revolutionised the whole of the horse-breeding industry of our great island continent. Indeed, from Mr. W. R. Wilson’s time the aspect of everything has changed. We have become so intensely democratic in our notions that we do not seem to be able to suffer a king to live, not even in our pastimes. The prize-money has become much more evenly distributed, which, perhaps, is all the better for the prosperity of the turf, and we do not seem to be able to breed racehorses without importing a constant stream of sires from Europe. And for the greater part these importations have been scions of the Eclipse-Blacklock house through St. Simon and his great sire, Galopin. It was with the closing years of the nineteenth century that the last of the great dominating owners disappeared from the scene, and the days of the turf democracy commenced. Since the new century began there have been many good owners, many fine men, good sportsmen, but none who have held their place year in, year out, in the old-fashioned way. Mr. L. K. S. Mackinnon, the present Chairman of the V.R.C., has owned in his time many horses, and some good ones, amongst them Woorak, a great sprinter. Mr. E. E. D. Clarke, with his Welkins, is also constantly on the long roll. No one in Australia races in quite the same princely style as does Mr. Clarke. He breeds his own stock, employs the best of trainers, is faithfully served by Robert Lewis as his first jockey, and he races for the sport alone. Mr. Agar Wynne is seldom absent from the yearly roll call, and Mr. S. A. Rawdon never seems disheartened by cycles of bad years. Mr. A. T. Creswick races lavishly, and, winning or losing, retains an imperturbable countenance. Mr. Hawker, from South Australia, sticks nobly to the great game, and Mr. N. Falkiner, with his magnificent stud farm, and his high-class stallions and carefully selected mares, looks like emulating the deeds of those of old time. And then there is a long list of professionals and semiprofessionals whose names appear with a