"Just so. You'd better see about schooling your boy now, I think. I'll tell you more presently."

A minute or two before two o'clock Dorrington and Telfer, mounted on a pair of steps, were gazing through the ventilation grating of Hamid's stall, while the colt, clothed completely, was led round. Then Dorrington described his operations of the previous evening.

"No matter what he may think of my tale," he said, "Naylor will be pretty sure to come. He has tried to bribe your stablemen, and has been baffled. Every attempt to get hold of the boy in charge of Janissary has failed, and he will be glad to clutch at any shadow of a chance to save his money now. Once he is here, and the favourite apparently at his mercy, the thing is done. By the way, I expect your nephew's little present to the man you sacked was a fairly innocent one. No doubt he merely asked the man whether Janissary was keeping well, and was thought good enough to win, for I find he is backing it pretty heavily. Naylor came afterwards, with much less innocent intentions, but fortunately you were down on him in time. Several considerations induced me to go to Naylor's room. In the first place, I have heard rather shady tales of his doings on one or two occasions, and he did not seem a sufficiently big man to stand to lose a great deal over your horse. Then, when I saw him, I observed that his figure bore a considerable resemblance to that of the man you had described, except as regards the red beard and the spectacles—articles easily enough assumed, and, indeed, often enough used by the scum of the ring whose trade is welshing. And, apart from these considerations, here, at any rate, was one man who had an interest in keeping your colt from winning, and here was his room waiting for me to explore. So I explored it, and the card turned up trumps."

As he was speaking, the stable-boy, a stolid-looking youngster, was leading Hamid back and forth on the turf before their eyes.

"There's somebody," said Dorrington suddenly, "over in that clump of trees. Yes—our man, sure enough. I felt pretty sure of him after you had told me that he hadn't thought it worth while to turn up this morning. Here he comes."

Naylor, with his red beard sticking out over the collar of his big coat, came slouching along with an awkwardly assumed air of carelessness and absence of mind.

"Hullo!" he said suddenly, as he came abreast of the horse, turning as though but now aware of its presence, "that's a valuable sort of horse, ain't it, my lad?"

"Yes," said the boy, "it is. He's goin' to win the Redbury Stakes to-morrow. It's Janissary."

"Oh! Janey Sairey, is it?" Naylor answered, with a quaint affectation of gaping ignorance. "Janey Sairey, eh? Well, she do look a fine 'orse, what I can see of 'er. What a suit o' clo'es! An' so she's one o' the 'orses that runs in races, is she? Well, I never! Pretty much like other 'orses, too, to look at, ain't she? Only a bit thin in the legs."

The boy stood carelessly by the colt's side, and the man approached. His hand came quickly from an inner pocket, and then he passed it under Hamid's cloths, near the shoulder. "Ah, it do feel a lovely skin, to be sure!" he said. "An' so there's goin' to be races at Redbury to-morrow, is there? I dunno anythin' about races myself, an'——Oo my!"