The rooms had undergone a transformation. There was an air of serious business about them and the twenty or thirty men assembled there. Every one of the men had a little book, which he consulted, and in which he was making calculations. At two tables sat two clerks with account-books. There was a "tape" in the room, and a man standing by it, reading the messages aloud.

"False start," this man said aloud as Jeremiah Pamflett entered.

"Go and help yourself," said Captain Ablewhite, pointing to the buffet, which was in its accustomed corner, crowded with bottles, glasses, cigars and sandwiches.


CHAPTER XIII.

JEREMIAH DISCOVERS A "SYSTEM" BY WHICH HE MUST MAKE A LARGE FORTUNE.

Just before the man called out "False start," there had been a momentary lull in the room, the principal bets having been made and booked, but when the two words were spoken a buzz of eager inquiries commenced. "How much Silver Rose?" "Northampton for a pony—what price?" "I'll take twelves and threes Peter Simple, a tenner each way." "I want to back an outsider for a fiver." To most of these propositions rapid answers were returned by a man who seemed to have the direction of affairs. He was a man with a face like a ribstone pippin and clear grey eyes. A great number of the propositions led to business and booking on both sides. Then came the sound of the tape, and another hush, everybody craning forward to hear the message. "They're off!" said the man at the tape. At this the betting practically ceased, and all in the room waited in expectancy, with more or less eagerness. The distinguishing mark of the company was that nearly every man in it was a swell, half of them, at least, having titles to their names. Presently the little bell, the tinkling of which preceded the ticking of each fresh message, rang, and the tape recommenced its labours. "Result," called the man: "Prickly Pear first, Silver Rose second, Peter Simple third." A hubbub ensued. "I told you to back the favourite; it was a dead certainty; at least a stone in hand." "I've cleared a century." "I lose a hundred and forty. Cursed luck!" And so on, and so on. In a few instances money changed hands, and Jeremiah saw the passing of new Bank of England notes. He was joined by Captain Ablewhite.

"Do you understand it?" asked the Captain.

"A betting club" said Jeremiah.

"Not at all," said the smiling Captain. "A little party of friends amusing themselves privately, just to pass the time. Do you see that tall gentleman with the gray moustache? That's Major Rex-Schon. He backed the favourite for a monkey at even money."