Jack, I'm glad to see I'm not the only one amused by comparisons of "the horse" vs. the Model T Ford.
For what it's worth, here's a modern comparison: In round numbers, feed and shoeing costs me about $1000 annually to keep my saddle horse. Through the year, I'll ride about 1,200 miles. A thousand bucks for gas and oil (reckoning on 500mi. oil changes, and 15-20 mpg.) and I can drive my Model T 4,000. miles (I don't - it's more like half of that). I haven't reckoned in repairs or veterinary costs, we hope to have neither.

On the other hand, the horse's initial cost was only 30% of what I invested in my current Model T. Kinda difficult to figure a depreciation schedule for a car that's already 107 years old, but we know the pony's using life is unlikely to be much over 20 years.

Smiles per mile ?? I really can't put a value on the pleasure either one gives me. They are both great, and I'm thankful to be able to enjoy them !
We Model T folk frequently run into misconceptions the general public seems to have about the Model T. Many of us are similarly unacquainted with its equine predecessor. Here are a few factoids you may find interesting:
* Until the panic of entry into WW I "inspired" ploughing up the great plains to plant wheat, the "breadbasket" of the nation was the Palouse country. Vast acreages of grain were mostly ploughed and harvested using the motive power of steam traction engines. (I got to help operate a17 bottom gang plow once. What an experience !

)
* After WW I, the importation of European draft breeds, Percherons, Clydesdales, Shires, et al, became very popular where before, "light" horses had generally been the norm on farms and in harness.
*The mid-1920s saw the height of the work horse population in the U.S. The horse was not entirely displaced by the tractor until the early 1950s.
True, what Bud said about TV Westerns giving a false impression of the realities of using horses. Hollyweird being ever about the "show", and "action", understood that audiences would not be much excited by lengthy footage of walking horses; ergo, all riders rode at a gallop, cattle were herded at a gallop, and of course the stage coach was pulled by a team of galloping horses. One addendum to that last, however; the Overland Stage coaches were pulled by teams of four, six and sometimes eight horses, and they did indeed travel at a lope or rapid trot as terrain would allow. Teams were changed at intervals of ten to twenty miles, and allowed to rest for a few days before taking up the next relay, similarly as the Pony Express riders had run their route at a gallop, changing mounts.