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Subj:.....Butcher Boy (S636)
          From the book 
            "Mathematical Puzzles of Sam Loyd" 
          Edited by Martin Gardner 
          From: Dover Publications in 1959
Photo fromStarving-Artistt

 

President Grant bought and later sold a wonderful
horse named "Butcher Boy".  Your straightforward
problem is to determing the selling price of
"Butcher Boy" and a second horse.

My story turns upon an incident told by Ike Reed, of the old
horse mart of Johnson & Reed.  During the last term of his
Presidency General Grant returned from his afternoon drive
and in a humorous but somewhat mortified way told Colonel
Shadwick, who kept the Willard Hotel, that he had been passed
on the road by a butcher cart in a way that made his crack
team appear to be standing still.  He said he would like to
know who owned the horse and if it was for sale.

The horse was readily found and purchased from an unsophis-
ticated German for half of what he would have asked had he
known the purchaser was the President of the United States.
The horse was of light color and none other than Grant's
favorite horse, "Butcher Boy," named after the incident
mentioned.

Well, some years later, after the Wall street catastrophe
which impaired the finances of the Grant family, Butcher
Boy and his mate were sent to the auction rooms of Johnson
& Reed, and sold for the sum of $493.68.  Mr. Reed said he
could have gotten twice as much for them if he had been
permitted to mention their ownership, but General Grant
positively prohibited the fact being made known.  "Never-
theless," said Reed, you come out two percent ahead, for
you made 12 percent on Butcher Boy and lose 10 percent on
the other."

"I suppose that is the way some people would figure it out,"
replied the General, but the way he laughed showed that he
was better at figures than some people, so I am going to
ask our puzzlists to tell me what he got for each hoses if
he lost 10 percent on one and made 12 percent on the other,
but cleared 2 percent on the whole transaction.

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