Green’s Dictionary of Slang

racehorse charlie n.

[var. on horse n. (7); though note charlie n.7 ]
(drugs)

1. any narcotic drug.

[US]D. Maurer ‘Argot of the Und. Narcotic Addict’ Pt 1 in AS XI:2 125/2: racehorse charlie. Morphine, heroin, or cocaine.
[US]Berrey & Van den Bark Amer. Thes. Sl.
[US]Anslinger & Tompkins Traffic In Narcotics 314: Racehorse Charlie. Morphine, heroin, or cocaine.
[US]J.E. Schmidt Narcotics Lingo and Lore.
[US]ONDCP Street Terms 17: Racehorse charlie — Cocaine; heroin.

2. a morphine user.

[US]J.E. Schmidt Narcotics Lingo and Lore.
[US]Hardy & Cull Drug Lang. and Lore.