Busyday roamed around the grand-stand and the betting ring for ten minutes before the slates went up for the first race, trying to catch sight of his friend, but it was no use. His townsman wasn't visible anywhere. Then a sudden swirling and eddying in the betting ring told him that the prices were up for the first race.

"I'll have to pass the old boy up until I get this bet down," said Busyday to himself, pulling out of his pocket the slip of paper that the handicapper had given him the evening before. "Let's see, what one of 'em have I got to win this? Oh, yes; Peaceful—good name, but it doesn't sound as if a horse with a name like that could run much. I'd rather have a horse called Lightning Express, or Cyclone, or Helen Blazes, or something like that, run for my money. S'pose, though, this handicapping chap knows what he is doing, and so I'll just put my first ten on Peaceful to win. Hey? How's that?"

There was a soft, persuasive buzz right in Busyday's ear.

"D'ye notice all the suckers breakin' their necks t' land on that Peaceful dead one?" were the words that formed the buzz.

Busyday jerked his head around suddenly, and he found within four inches of his ear the countenance of a young-old man with red hair, a freckled skin, and a pale-blue, shifty eye.

"Dead one?" echoed Busyday, the red-haired, young-old man smiling amiably in his face.

"Libster," said he of the pale-blue, shifty eye, looking entirely disinterested. "Out-and-out libster. Crab. Run about a dozen sprints, and still a merry maiden. And look at the chancts th' mutt's had to win! Leads th' percession into th' stretch every whirl, and then chucks it. A proper dog, Cap. That's on the dead. Worst quitter on th' grounds."

"Um," said Busyday, stroking his chin and wondering why his handicapper had picked Peaceful.

"I got th' baby," buzzed the freckle-faced, young-old man, after a silence.

"Hey?" asked Busyday.