Major Erlton, at her right hand, scowled, and the boy on her left flushed up to the eyes. He was her latest admirer, and was still in the stage when she seemed an angel incarnate. Only the day before he had wanted to call out a cynical senior who had answered his vehement wonder as to how a woman like she was could have married a little beast like Gissing, with the irreverent suggestion that it might be because the name rhymed with kissing.

In the present instance she heeded neither the scowl nor the flush, and her voice came calmly. "I don't intend to, doctor. I mean to send you into the drawing room instead. That will be quite as effectual to the proprieties."

Amid the laugh, Major Erlton found opportunity for an admiring whisper. She had got the brute well above the belt that time. But the boy's flush deepened; he looked at his goddess with pained, perplexed eyes.

"The morality of speculation or gambling," retorted the doctor, speaking slowly and staring at the delighted Major angrily, "is the art of winning as much money as you can--conveniently. That reminds me, Erlton; you must have raked in a lot over that match."

A sudden dull red showed on the face whose admiration Alice was answering by a smile.

"I won a lot, also," she interrupted hastily, "thanks to your tip, Erlton. You never forget your friends."

"No one could forget you--there is no merit----" began the boy hastily, then pausing before the publicity of his own words, and bewildered by the smile now given to him. Herbert Erlton noted the fact sullenly. He knew that for the time being all the little lady's personal interest was his; but he also knew that was not nearly so much as he gave her. And he wanted more, not understanding that if she had had more to give she would probably have been less generous than she was; being of that class of women who sin because the sin has no appreciable effect on them. It leaves them strangely, inconceivably unsoiled. This imperviousness, however, being, as a rule, considered the man's privilege only, Major Erlton failed to understand the position, and so, feeling aggrieved, turned on the lad.

"I'll remember you the next time if you like, Mainwaring," he said, "but someone has to lose in every game. I'd grasped that fact before I was your age, and made up my mind it shouldn't be me."

"Sound commercial morality!" laughed another guest. "Try it, Mainwaring, at the next Gymkhâna. By the way, I hear that professional, Greyman, is off, so amateurs will have a chance now; he was a devilish fine rider."

"Rode a devilish fine horse, too," put in the unappeased doctor. "You bought it, Erlton, in spite----"