For a time Sir George paced up and down the library. He cursed himself and his bad fortune, blamed Chance, bemoaned his cruel ill luck; in fact, like the weak man he was, he blamed everything except the headlong folly and short-sighted blindness which had brought all this about. In the meantime, Copley sat letting his fish play until his strength was exhausted and he could readily be drawn to land. It was a one-sided battle.

"Is there nothing you can suggest?" Sir George cried despairingly. "Is there no way of getting delay?"

Copley made no reply for a time. When at length he spoke he dropped his voice to a persuasive whisper.

"Well, there is one method," he said. "Absalom is a sportsman, and he takes a great interest in racing matters. Between ourselves, he finances some of the swell bookmakers, and I understand has a grip upon some of the large commission firms. If you could show him a way to make thirty or forty thousand pounds on a race like the Derby, you might induce him to withdraw his execution for a month. Though he is in a corner, or he wouldn't have dropped on you, the suggestion I speak of would be worth a sacrifice."

"I don't follow you," Sir George said.

"No? Then I must speak more plainly. At the present moment you own a colt which looks like winning the Derby. I know the colt has been coughing lately, but your man Raffle is very sanguine and knows what he is talking about. I see the colt has come back in the betting to eight to one, and the public never seem to be tired of backing him. That, however, is the public's look-out and is no concern of yours. In the colt's present condition you will be justified in putting a pen through his name and nobody could blame you. Owners don't raise horses for the benefit of the public, and if the public choose to come in and forestall the market and the horse is scratched, then they must take the consequences. It has been done over and over again, and I don't see why you shouldn't do it yourself. You needn't do it to-day, or to-morrow, or even next week, but if I can assure Absalom that this is going to happen, why, in that case, I feel certain these proceedings will be withdrawn, and perhaps such terms arranged as will wipe the debt out altogether. Do you follow me?"

Sir George sat white and rigid. He seemed trying dimly to comprehend what Copley was driving at. All the time Copley was speaking he did not meet the eye of his victim. But Sir George's face was no index of his feelings. He was quivering from head to foot with a nameless indignation and, though Copley did not know it, was within an ace of inflicting personal punishment on the financier.

"You can't be in earnest," Sir George said with difficulty. "Surely, you were joking when you asked me to do this thing? Why, it would be contemptible, dishonourable to the last degree. I expect to win a fortune with the Blenheim colt, but I backed him at a very long price, and if he breaks down the loss will not be so great. It would be bad enough to lose a fortune which I regarded as as good as in my pocket, but deliberately to scratch the horse, to wait for a fortnight whilst these friends of yours are laying against the colt, is an insult which I did not dream any man would put upon me."

"You will pardon me if I don't see it in that light," Copley said coolly. "You have a right to do what you like with your own. You are justified in scratching the horse and, indeed, you have every excuse for doing so. I don't see that it matters much whether it is done to-day or in a fortnight's time. You may lose the few thousands pounds you put on the colt, but that seems probable in any case. And, on the other hand, you have it in your power to wipe out your debt to me—that is, to benefit to the extent of forty thousand pounds."

Sir George's indignation began to ebb. He no longer felt a disposition to smite Copley hip and thigh; he was thinking of his own position and future.