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RACING ABSOLUTELY ESSENTIAL. England is the natural nursery of the thoroughbred race- horse. say Augur in Lemelon Sporting Life, as aha Is also of many other breeds of horses, as well as cattle, she-ep and pigs; and the whole world knows that it is absolutely imperative to have recourse to this country for regular replenishment tee the bree-ding stocks of the world. For this reason alone then, it is essential that racing, as well as the breeding of all live stock, besides race horses, should be subjected to as little interference as possible in the British isles.