"That's a kind of thing nobody really knows," said Lupton.

"I've seen him 'ave his gallops," said the little man, who in his moments of excitement would sometimes fall away from that exact pronunciation which had been one of the studies of his life, "and have measured his stride. I think I know what pace means. Of course I'm not going to answer for the 'orse. He's a temper, but if things go favourably, no animal that ever showed on the Downs was more likely to do the trick. Is there any gentleman here who would like to bet me fifteen to one in hundreds against the two events,—the Derby and the Leger?" The desired odds were at once offered by Mr. Lupton, and the bet was booked.

This gave rise to other betting, and before the evening was over Lord Silverbridge had taken three-and-a-half to one against his horse to such an extent that he stood to lose twelve hundred pounds. The champagne which he had drunk, and the news that Quousque, the first favourite, had so gone to pieces that now there was a question which was the first favourite, had so inflated him that, had he been left alone, he would almost have wagered even money on his horse. In the midst of his excitement there came to him a feeling that he was allowing himself to do just that which he had intended to avoid. But then the occasion was so peculiar! How often can it happen to a man in his life that he shall own a favourite for the Derby? The affair was one in which it was almost necessary that he should risk a little money.

Tifto, when he got into his bed, was altogether happy. He had added whisky-and-water to his champagne, and feared nothing. If Prime Minister should win the Derby he would be able to pay all that he owed, and to make a start with money in his pocket. And then there would be attached to him all the infinite glory of being the owner of a winner of the Derby. The horse was run in his name. Thoughts as to great successes crowded themselves upon his heated brain. What might not be open to him? Parliament! The Jockey Club! The mastership of one of the crack shire packs! Might it not come to pass that he should some day become the great authority in England upon races, racehorses, and hunters? If he could be the winner of a Derby and Leger he thought that Glasslough and Lupton would snub him no longer, that even Tregear would speak to him, and that his pal the Duke's son would never throw him aside again.

Lord Silverbridge had bought a drag with all its appendages. There was a coach, the four bay horses, the harness, and the two regulation grooms. When making this purchase he had condescended to say a word to his father on the subject. "Everybody belongs to the four-in-hand club now," said the son.

"I never did," said the Duke.

"Ah,—if I could be like you!"

The Duke had said that he would think about it, and then had told Mr. Morton that he was to pay the bill for this new toy. He had thought about it, and had assured himself that driving a coach and four was at present regarded as a fitting amusement for young men of rank and wealth. He did not understand it himself. It seemed to him to be as unnatural as though a gentleman should turn blacksmith and make horseshoes for his amusement. Driving four horses was hard work. But the same might be said of rowing. There were men, he knew, who would spend their days standing at a lathe, making little boxes for their recreation. He did not sympathise with it. But the fact was so, and this driving of coaches was regarded with favour. He had been a little touched by that word his son had spoken. "Ah,—if I could be like you!" So he had given the permission; the drag, horses, harness, and grooms had come into the possession of Lord Silverbridge; and now they were put into requisition to take their triumphant owner and his party down to Epsom. Dolly Longstaff's team was sent down to meet them half-way. Gerald Palliser, who had come up from Cambridge that morning, was allowed to drive the first stage out of town to compensate him for the cruelty done to him by the University pundits. Tifto, with a cigar in his mouth, with a white hat and a blue veil, and a new light-coloured coat, was by no means the least happy of the party.

How that race was run, and how both Prime Minister and Quousque were beaten by an outsider named Fishknife, Prime Minister, however, coming in a good second, the present writer having no aptitude in that way, cannot describe. Such, however, were the facts, and then Dolly Longstaff and Lord Silverbridge drove the coach back to London. The coming back was not so triumphant, though the young fellows bore their failure well. Dolly Longstaff had lost a "pot of money", Silverbridge would have to draw upon that inexhaustible Mr. Morton for something over two thousand pounds,—in regard to which he had no doubt as to the certainty with which the money would be forthcoming, but he feared that it would give rise to special notice from his father. Even the poor younger brother had lost a couple of hundred pounds, for which he would have to make his own special application to Mr. Morton.

But Tifto felt it more than any one. The horse ought to have won. Fishknife had been favoured by such a series of accidents that the whole affair had been a miracle. Tifto had these circumstances at his fingers' ends, and in the course of the afternoon and evening explained them accurately to all who would listen to him. He had this to say on his own behalf,—that before the party had left the course their horse stood first favourite for the Leger. But Tifto was unhappy as he came back to town, and in spite of the lunch, which had been very glorious, sat moody and sometimes even silent within his gay apparel.