"Is it you, Lady Margery? God love you. I'll lay you thirty to one Flying Fish. How much will you take?"

"Ten pounds' worth."

"Three hundred and ten pounds Flying Fish, Lady Margery Kyteler. I hope you win, m'lady. I do so there I 'll lay two to one the field. I 'll lay three to one bar one. I 'll lay four to one bar two—"

Dropping of flag and clatter of bell. There they were in the distance, flying down the regulation. They rise to the ditch, three abreast. Canter again—the water jump. The lump becomes a line. And who's ahead? Can you see? Carnation! Ah, my jewel Carnation! And now the bank. There's a horse down. Thunderbolt! Ah, be damned to the same Thunderbolt! Is that the gray ahead? It is so! Is it Flying Fish is in it? Flying Fish it is, and he running like a hare! 'T is win in a canter he will. They 're coming to the hedge. Ah! what is it, Mister? Flying Fish it is, and he stopping dead. A dead stop he 's made, and the jockey pasting the ribs out of him. Ah, he 's on now, but in the heel of the hunt he is! Carnation wins. Carnation—ah, my sweet wee lady!

They passed the post, Flying Fish bringing up the rear with a supercilious arrogance.

"Fish!" Margery wrinkled her nose in disgust. "Fish was good."

And "There goes my new hat!" she wailed. And who should pass by but Mr. Kelly. Out of his red face peered an inquisitive gray eye.

"You didn't?" he said.

"I did."

"How much?"