In this question, there was a tinge of superciliousness. Chase did not suspect it; in his estimation, a baking-powder was as good a means as anything else, the sole important point being its success. But even if he had perceived the tinge, it would only have amused him; with his far-stretching plans—plans which extended across a continent—his large interests and broad ambitions, criticism from this obscure old man would have seemed comical. Anthony Etheridge was not so obscure a personage as Chase fancied. But he was not known in the world of business or of speculation, and he had very little money. This last fact Chase had immediately divined. For he recognized in Etheridge a man who would never have denied himself luxury unless forced to do it, a man who would never have been at Asheville if he could have afforded Newport; the talk about "nature undraped" was simply an excuse. And he had discovered also another secret which no one (save Mrs. Franklin) suspected, namely, that the handsome commodore was in reality far older than his gallant bearing would seem to indicate.

"I didn't invent the Bubble," he had said, explanatorily. "I only bought it. Then the inventor and I ran it together, in a sort of partnership, as long as he lived. 'Twas as good as a silver mine for a while. Nothing could stand against it, sir—nothing."

But Etheridge was not interested in the Bubble. "I should like greatly to see your mare go," he said. "Here, boy, isn't that track in the field in pretty fair condition still?"

"Yes, boss," answered the negro, whom he had addressed.

"Why not let her go round it, Chase? It will do her good to stretch her legs this fine morning."

Here a shadow in the doorway caused them both to turn their heads. It was Ruth Franklin.

"Good heavens, Ruth, what are you doing here in the stables?" asked Etheridge, astonished.

"I have come to see the horses," replied Ruth, confidently. She addressed Chase. She had already learned that she could count upon indulgence from him, no matter what fancies might seize her.

"Here they are, then," Chase answered. "Come closer. This is Peter, and that is Piper. And here is the mare, Kentucky Belle. Your friend, the commodore, was urging me, as you came in, to send Kentucky round a race-course you have here somewhere."

"Yes, I know; the old ring," said Ruth. "Oh, please do! Please have a real race."