sult of the three o'clock race had been announced, and, so far as
Phillips could tell, there had not been one sensational incident in the
way of a bet.

"Your friend Selwyn is evidently not present to-day," Phillips observed,
as Rickerby dropped into a seat by his side.

"Oh, yes, he is," the bookmaker retorted.

"That's very interesting," Phillips said. "I wish you would introduce me
to Mr. Selwyn. I think a little later I shall be able to show him a way
of saving money."

CHAPTER XV

JOLLY & CO.

Phillips slipped out of the club by and by, and for a while walked up
and down opposite, studying the building in which the Post Club was
situated. It was a large block of offices on five or six floors, mostly
given over to merchants and dealers whose business was in connexion with
Covent Garden Market. Moving up and down as if waiting for a friend,
Phillips was making an exceedingly careful scrutiny of the building.

"It isn't as easy as I thought it was at first," he said. "I've got a
pretty shrewd idea, for which I have in the main to thank that
snowstorm. It is evident that Rickerby is perfectly right, and that
there is some cunning plot afoot to rob this Selwyn. I wonder whether
Rickerby was alluding to Raymond Copley. It can't be anybody else. Now
it is clear the gang cannot make late bets during a snowstorm or thick
mist or anything of that kind. I should like to know how they manage to
get the name of the winner into the club before the horse is past the
post. But that I must leave for the present. The point I have to find
out now is how the man upstairs who comes to do the betting gets his
information. If there was another block of buildings opposite the club I
could understand it, because it would be easy to signal from one window
to another. But there's nothing opposite except the Market with a lot of
porters hanging about, and I don't suppose they have anything to do with
it. The puzzle beats me for the moment. Still, having got so far, it is
hard if I can't get to the bottom of it. The signal must come from
somewhere in the block of buildings where the club is situated. Well,
that gives me something to go on with anyhow, and I haven't much time to
spare, especially as I must meet Fielden to-morrow at Mirst Park. I
suppose there is only one thing to do, and that is to find out the name
and occupation of every firm which has an office under the roof. The
first thing I need is a Post Office Directory