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RACINGS VALUE RECOGNIZED. A writer in a Loudon paper say.-i,"The current year is a rather important one in the hlstorv of the Cesarewitch and the Cambridgeshire. Both events having been inaugurated in 1S30, it is their 7.th anniversary, and I siucerely hope we shall be able lo celebrate these events in the mood of people who are happy in their knowledge that the economical and political Importance of racing has at last been generally recognized. In fact, at a time when nobody thought of war, there was more opposition to racing than at the present moment. Even the Puritans have come to recognize the vital importance of the horsebreeding industry, which they admit cannot prosper without means by which to select the fittest material for the purposes of amelioration. Is there anybody who, by sound reasoning, is able to convince us that if Eclipse. Monarque, The Flying Dutchman, Le Sanev, Barcaldine. Stockwcll, Bend Or, Galopin, St. Simoh. Newmlnster. etc., had not proved their worth In public trials, they would yet have become great sires V