In Liverpool's Adelphi Hotel sporting men in loud checked waistcoats kept their confidence up by the bootstraps as they waited last week for the running of the Grand National Steeplechase. In progress was one of the greatest bookies' panics in years; for if the ''favorite," Blue Shirt, should win, the bookies stood to lose £1,000,000. Actually, few racing men seriously believed Blue Shirt would win, but there was always an off chance that the public might for once be right. Bookies, like frightened stockbrokers, forced odds down to 8-to-1 to save their...
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