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82 astonishment, and a good deal of uneasiness in the ring.

"It's a pity we can't see our friend Naylor's face just now, isn't it?" Dorrington remarked to his client, as they looked on from Mr. Telfer's drag.

"Yes; it would be interesting," Telfer replied. "He was quite confident last night, you say."

"Quite. I tested him by an offer of a small bet on your colt, asking some points over the odds, and he took it at once. Indeed, I believe he has been going about gathering up all the wagers he could about Janissary, and the market has felt it. Your nephew has risked some more with him, I believe, and altogether it looks as though the town would spoil the 'bookies' badly."

As the horses came from the weighing enclosure, Janissary was seen conspicuous among them, bright, clean, and firm, and a good many faces lengthened at the sight. The start was not so good as it might have been, but the favourite (the starting-price had gone to evens) was not left, and got away well in the crowd of ten starters. There he lay till rounding the bend, when the Telfer blue and chocolate was