I remember studying this in Criminal Law, one of the law papers I did at university.
I think it's still on the statute books. It related to driving horses and carriages in the pre-car days.
It also reminds me of a story an Aunt told me about my Dad during the war. Dad was in the Divisional Cavalry and drove light tanks, staghounds and bren carriers.
On a furlough back to NZ he 'borrowed' his father's car one Saturday night and took his sisters on a jaunt around hometown Blenheim.
Travelling a bit fast down the main street he encountered the new roundabout and managed to swerve to avoid the mound in the middle but went through a hedge and onto a public garden. The sisters shrieked and started to panic but Dad said "don't worry, I've driven through rougher places in the desert" and proceeded to continue across the lawn and through the hedge at the other side.
Next morning on the way to Sunday church Dad's father (in the cleaned up and polished car), when he saw the mess to the park said something like "Darned hooligans, driving furiously". It was all that my Aunt could do to not laugh and blurt out the truth as she was one of the sisters in the car the night before.