What was jemmy's explanation for having the royal saddle?

Jemmy explained that he had the royal saddle as a result of a mix-up involving a horse and a misunderstanding with the royal stable. He claimed that he had been tasked with delivering the saddle but ended up with it unintentionally. His story was meant to convey that he was not a thief but rather a victim of circumstance. Ultimately, Jemmy's explanation highlighted his cleverness in navigating a tricky situation.