Several of the officers of the 103d had horses and ponies entered in the various races. There was to be a dance at the club on the evening of the second day of the races, and a garden party at the General's on that of the first. Richards and Wilson had both ponies entered for the race confined to country tats which had never won a race, and both had endeavored to find without success what was Isobel's favorite color.

“But you must have some favorite color?” Wilson urged.

“Why must I, Mr. Wilson? One thing is suitable for one thing and one another, and I always like a color that is suitable for the occasion.”

“But what color are you going to wear at the races, Miss Hannay?”

“Well, you see, I have several dresses,” Isobel said gravely, “and I cannot say until the morning arrives which I may wear; it will depend a good deal how I feel. Besides, I might object to your wearing the same color as I do. You remember in the old times, knights, when they entered the lists, wore the favors that ladies had given them. Now I have no idea of giving you a favor. You have done nothing worthy of it. When you have won the Victoria Cross, and distinguished yourself by some extraordinarily gallant action, it will be quite time to think about it.”

“You see one has to send one's color in four days beforehand, in time for them to print it on the card,” the lad said; “and besides, one has to get a jacket and cap made.”

“But you don't reflect that it is quite possible your pony won't win after all, and supposing that I had colors, I certainly should not like to see them come in last in the race. Mr. Richards has been asking me just the same thing, and, of course, I gave him the same answer. I can only give you the advice I gave him.”

“What was that, Miss Hannay?” Wilson asked eagerly.

“Well, you see, it is not very long since either of you left school, so I should think the best thing for you to wear are your school colors, whatever they were.”

And with a merry laugh at his look of discomfiture, Isobel turned away and joined Mrs. Doolan and two or three other ladies who were sitting with her.