they put their wits against his, and they also know that he will pay them with punctilious accuracy if they happen to beat him in the encounter of brains. Three or four of the leading betting men "turn over" on the average about half a million each per annum; one firm who bet on commission receive an average of five thousand pounds per day to invest, and the vouchers of all these speculators and agents are as good as bank notes. Mark that I grant the certainty of the bookmakers winning; they can remain idle in their mansions for months in the year, and the great gambling public supply the means; but I do not find fault with the bookmakers because they use their opportunities, or else I might rave about the iniquity of a godly man who earns in a week 100,000 from a "corner" in tin, or I might reprobate the quack who makes no less than 7000 per cent on every box of pills that he sells. A good man once chatted with me for a whole evening, and all his talk ran on his own luck in "spotting" shares that were likely to move upward. Certainly his luck as a gambler had been phenomenal. I turned the conversation to the Turf case of Wood _v_. Cox, and the torrent of eloquence which met me was enough to drown my intellect in its whirl and rush. My friend was great on the iniquity of gaming and racing, and I rather fancy that he proposed to play on the Betting Ring with a mitrailleuse if ever he had the power. I know he was most sanguinary--and I smiled. He never for an instant seemed to think that he was exactly like a backer of horses, and I have no doubt but that his density is shared by a few odd millions here and there. The stockbroker is a kind of bookmaker, and the men and women who patronise both and make their wealth are fools who all may be lumped under the same heading. I knew of one outside-broker--a mere bucket-shop keeper--who keeps 600 clerks constantly employed. That seems to point out rather an extensive gambling business.