This represents a unique opportunity to own an extremely rare and important iron pull toy by known manufacturer, James Fallows and Son. Bernard Barenholtz, in his book American Antique Toys 1830-1900, shows a picture and description on page 124. Jerome Park was the leading American racetrack at the time. One is owned by the New York Historical Society Museum and a description of the object from both the museum and from Barenholtz is included along with a write-up from the U.S. Patent Office.
Four racehorses are shown, all with jockeys aboard, two paired in the front with two paired m the back on a blue platform with cast iron wheels. A pierced hole appears upfront for a pull string (not included). Each horse has a rear hoof attached to a hinge and axle when the toy is pulled, or pushed, the horses rock back and forth imitating a full gallop. All parts are original, in excellent working order, with paint loss to the participants and the base. Embossed in the center is the patent date of August 3, 1886.