It would be interesting to know in how many instances these vermin of the betting-field are successful, how many of them there are who live by bleeding the simple and the infatuated, and what sort of living it is. Not a very luxurious one, it would seem, judging from the shady quarters of the town from which the “tipster” usually hails; but then we have to bear in mind the venerable maxim, “Light come, light go,” and its probable application to those harpies who hanker after “uncut” stamps and receive them in thousands. That very many of them find it a game worth pursuing, there can be no doubt, or they would not so constantly resort to the advertising columns of the newspapers. How much mischief they really do, one can never learn. The newspaper announcement is, of course, but a preliminary to further business: you send your stamps, and what you in most cases get in return is not the information for which you imagined you were bargaining, but a “card of terms” of the tipster’s method of doing business. There is nothing new or novel in this. It is an adaptation of the ancient dodge of the medical quack who advertises a “certain cure” for “all the ills that flesh is heir to,” on receipt of seven postage-stamps; but all that you receive for your sevenpence is a printed recipe for the concoction of certain stuffs, “to be had only” of the advertiser.
And well would it be for the gullible public if the mischief done by the advertising fraternity of horse-racing quacks was confined to the “fourteen uncut stamps” they have such an insatiable hunger for. There can be no doubt, however, that this is but a mild and inoffensive branch of their nefarious profession. In almost every case they combine with the exercise of their supernatural gift of prophecy the matter-of-fact business of the “commission agent,” and, if rumour whispers true, they make of it at times a business as infernal in its working as can well be imagined. They can, when occasion serves, be as “accommodating” as the loan-office swindler or the 60-per-cent bill-discounter, and a profit superior to that yielded by either of these avocations may be realised, and that with scarce any trouble at all. No capital is required, excepting a considerable stock of impudence and a fathomless fund of cold-blooded rascality.