"I've learned a thing or two about a horse lately that will help us to make some money, if we can only get a few shillings together to lay on it," he said as they walked together down the road.

Tom looked at his friend. "You can easily do that, I suppose," he said, for Jack always seemed to have plenty of money to spend.

But he shook his head slowly now. "That's just where it is," he said with a sigh, "now I see a sure chance of making a little money, I haven't got a shilling left to do it with."

They walked on in silence for a minute or two, and then Jack said, "How much money could you put your hands on, do you think?"

"I might manage a shilling," said Tom, thinking of the money he had got for Dick's gloves, and that he might surely count on winning another twopence at pitch-and-toss the next day.

"A shilling," repeated Jack in a somewhat contemptuous tone; "that isn't much good. We must have more than that."

"I hope Warrior will win, because my friend Ronan has put all his money on it," said Tom, ignoring this remark.

"Well, I can tell you Warrior won't win; but mind, you mustn't say anything about it, or else I shall get into trouble. And now, what about our chances? A shilling ain't much good, but ten more would do for both of us, and I want you to lend me something to put on this race. Couldn't you borrow ten shillings for a day or two?" said Jack, and as he spoke he cast a meaning look at Tom.

But the lad did not see this in the dusk. "Who do you think I could borrow ten shillings of?" he asked, in a tone of surprise.

Jack shook his head. "I'm stumped," he said, "but I thought you might manage to get something for yourself and me too; we both want money badly enough, and it would be even, for as I can tell you how to make every shilling into ten, why I thought you could surely borrow half-a-sovereign or a sovereign for a day or two, that we might go shares with. Why it 'ud set us up for a week or two, if we could clear a few shillings on the horse that is going to win. It isn't as though there was any chance about this, it's just a dead certainty and no mistake, and, I tell you, twenty to one is her price now, and she's bound to win."