'No.'

But she smiled nevertheless, flattered by this exaltation of the regal aspect of her beauty, wherein she gloried. And Sperelli continued to tempt her, always in a tone of banter or entreaty, but adding to the seduction of his voice a gaze so subtle, so penetrating and disturbing that, at length, Donna Ippolita, half offended and blushing faintly, said to him—

'I will not have you look at me like that.'

Few persons besides themselves remained upon the stand. Ladies and gentlemen strolled up and down across the grass, along the barrier, or surrounded the victorious horse or the yelling bookmakers, under the inconstant rays of the sun that came and went between the floating archipelago of clouds.

'Let us go down,' she said, unaware of Giannetto Rutolo leaning with watchful eyes upon the railing of the staircase.

As they passed him, Sperelli called back over his shoulder—

'Addio, Marchese—see you again soon. Our race is on directly.'

Rutolo bowed profoundly to Donna Ippolita, and a deep flush rose suddenly to his face. He seemed to have caught a touch of derision in Sperelli's greeting. Leaning on the railing, he followed the retreating couple with hungry eyes. He was obviously suffering.

'Rutolo, be on your guard!' said the Contessa di Lucoli with a malicious laugh as she passed down the stairs on the arm of Don Filippo del Monte.

The blow struck home. Donna Ippolita and the Conte d'Ugenta having penetrated as far as the umpire's stand were now retracing their steps. The lady held her sunshade over her shoulder, twirling the handle languidly in her fingers; the white cupola stood out round her head like a halo, and the lace frills rose and fluttered incessantly. Within this revolving circle, she laughed from time to time at what her companion said, and a delicate flush stained the noble pallor of her face. Sometimes they would both stand still.