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tand, that may be seen any Sunday in spring, expanding under the rays of the vernal sun, the fresh toilettes that have bloomed but yesterday, or it may be this very morning, in the conservatories of Worth and Laferriere. The butterflies of this garden of sweets are the jaunty hats whose tender wings of azure or of rose have but just unfolded themselves to the light of day. My figure of "butterfly hats" has been ventured upon in the hope that it may be found somewhat newer than that of the "gentlemen butterflies" which the reporters of the press have chased so often and so long that the down is quite rubbed from its wings, to say nothing of the superior fitness of the comparison in the present case. In fact, the gentlemen do but very rarely flutter from flower to flower within the sacred confines of the paddock, but are much more apt to betake themselves in crowds to the less showy parterre of the betting-ground, where, under the shadow of the famous chestnut tree, such enormous wagers are laid, and especially do they congregate in the neighborhood of the tall narrow slates set up by such well-known bookmakers as Wright, Valentine and Saffery. Each successive year sees an increase in the number of betters, who contribute indirectly, by means of subscriptions to the races, a very important proportion of the budget of the Jockey Club. But if any one should imagine from this constant growth of receipts that the taste for racing is extending in France, and is likely to become national, he would be making a great mistake: what is growing, and with alarming rapidity, is the passion for gambling, for the indulgence of which the "improvement of the breed of horses" is but a convenient and sufficiently transparent veil. Whether the money of the player rolls around the green carpet of the race-course or upon that of M. Blanc at Monte Carlo, the impulse that keeps it in motion is the same, and the book-maker's slate is as dangerous as the roulette-table. The manager of the one piles up a fortune as surely as the director of the other, and in both cases the money seems to be made with an almost mathematical certainty and regularity. They tell of one day--that of the Grand Prix of 1877--when Saffery, the Steel of the French turf and the leviathan of bookmakers, cleared as much as fifty thousand dollars. Wright, Valentine, Morris and many more make in proportion to their outlay. Four or five years ago these worthies had open offices
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