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A contemporary traces the inefficiency of our cavalry to the degeneracy of the Southern breed of horses. There is much in that suggestion, no doubt, as there is also in that made by us yesterday, on the authority of Colonel Schaller, viz: that our men are not taught the use of the sabre, and are not enabled to take advantage of their superior horsemanship by the character of their drill. We remember the day when horses of high blood were common all over Virginia and the South, and when the horse rate was deemed the noblest of all sports. It is not so now. There are few blooded horses to be seen, and racing has been pronounced an abomination in places where it was wont to stand high in favor. The Yankee vulgarises everything he touches. The horse has become, in their hands, a mere beast of burden, like the donkey or the camel, and trotting races have been substituted for the genuine sports of the turf. We have not been slow to imitate, and the consequence has been that bloo