he latter only looked at the younger man and grunted.

"Well, at least you have mine," she said, with an air of bravado.

"Thank you. I 'll try to deserve them."

"Dat young lady knows a hoss," asserted old Robin, triumphantly. "Jes
look at him, dyah. What bone an' muscle!" He raised the sheet and waved
his dusky hand towards his charge.

"Yes, that 's what I say. Such bone and muscle!" she repeated, with
pretended gravity.

"Especially the bone!" observed Mr. Newby, in a low tone.

"I shall back him," she said. She held in her hand a rose which had
broken off its stem. She took it and stuck it in a loop in the sheet.

Just then the first bell sounded, and the hostlers began to get the
horses ready to appear before the judges, while the riders went off to
weigh in, and the crowd began to stream back to the stands. As the group
turned away, the young owner took the rose from the loop and, with a shy
look around, hid it in the breast of his jacket. His eye followed the
white hat till it passed out of the paddock gate.

"Do you really think that horse can win?" asked Mr. Newby of the young
lady, as they strolled along. "Because I tell you he can't. I thought
you were a sport. Why, look at his hocks! He won't get over the
Liverpool."

"I shall back him," said she. "What is the Liverpool?"

"Here, I 'll tell you what I 'll do," said Mr. Newby. "I 'll bet you two
to one he does n't win the race." He winked at the others.

"Very well. I don't approve of betting, but I 'll do it this time just
to punish you."

"Now I 'll bet you two to one he does n't come in second--that boy won't
get him over the water-jump."

"Very well--no, I don't want to take odds. I 'll bet you even. I must be
a sport."

The other protested, while the rest of the party looked on with
amusement.

"Oh, well, if you insist," said Mr. Newby. "What shall it be?"

"A box of the best----"

"Of the best cigars!"

"No; I don't smoke. Candy."

"Oh, you expect to win!"

"Of course. Who ever saw such bone and muscle!"

They reached their places in the box, smiling and bowing to their
acquaintances about them.

As soon as they were settled, the young lady picked up a paper lying by,
and began to search diligently for the name of her horse.

"Ah, here it is!" She began to read. It was a column of forecasts. "Tell
me, please, what does '100 to 1' mean!"

"That the horse is selling at that."

"Selling? What does that meant"

There was