Whenever the Judges are informed that a person has entered, or caused a horse to be entered or named, in a race in violation of any of these rules, they shall immediately make an examination of the evidence, so as to enable them to come to a correct dccisiuii upon about the age of a horse, the Judges may call in the assistance of persons, in whose knowledge and honesty they have couiKleuce, to ification is made out, the for entrance-money is forfeited, and they shall not allow the horse to start in the race; but if they have doubts, they may allow the horse to run; and if he proves a winner, they shall retain the money or purse, and give the parties sixty days to procure testimony touching the case.
To buy a commodity in the expectation that it will rise in value, and with the intention of realizing a profit by its re-sale, is a legitimate commercial "betting" transaction, and one of every-day occurrence.
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The state, The Commonwealth has already positioned, and established itself as the primary gaming interest in the state: deposit. In the second-price auction, the price is linked to the estimate of the second-highest bidder, and revealing information links the price to that information as well: new.