"Can you see all right?" he asked.

"Beautifully," she replied, as she tried them. "What excitement they are all in," she added, as she surveyed the seething crowd.

Adrien smiled, pleased because she was pleased; for himself, except that he wished his horse to win in order that it should gain fresh laurels, he had no interest in the affair. Certainly he never gave a thought to the fearful amount of money involved.

Then, amid a murmur of excitement, the starting-gate went up, and the horses were off. For a while "Miracour" led; "Bluebell" running close beside him; the "King" striding along in cool, quiet canter that covered the miles at greater speed than the little mare could hope to maintain.

"There goes the 'King'!" exclaimed Lady Caine, almost rising from her seat in her excitement. "Oh, I do hope he will win don't you, Mr. Vermont?"

Jasper smiled.

"I do, indeed," he said, while his little steely eyes rested upon the shrivelled figure of Peacock, the jockey, with a keen, cold scrutiny.

Meanwhile the horses pounded away over the course, still in the same order. "Miracour" leading, "Bluebell" falling behind, and the "King" creeping up easily to the second place.

The first fence placed nearly half the horses out of the running; the next threw out two more, though the "King" cleared it in his stride, so close in the wake of his rival that a speck of white foam flecked the haunches of the leader.

Adrien nodded approvingly.