"The scoundrel! Do you remember how he served me about that bill which I accepted in Lord Tremordyn's name? Ah! shouldn't I like to pay him out for it!" said the baronet. "But how he has fallen within the last two years! Turned out of his seat for Rottenborough at the last election—obliged to give up his splendid house in Spring Gardens——"

"Well, well—we know all about that," interrupted Chichester, impatiently. "Don't speak so loud; but look into the next box—the one behind me, I mean—and tell me if you think that young fellow who is treating those girls to champagne would prove a flat or not."

The baronet glanced in the direction indicated; and immediately afterwards gave an affirmative nod of the head to his companion: then, leaning across the table he whispered, "To be sure he would; and I know who he is. It's young Egerton—the son of the great outfitter, who died a few years ago, leaving a large fortune in trust for this lad. I'll be bound to say he has just come of age, and is launching out."

"Does he know you?" inquired Chichester, also speaking in a subdued tone.

"I am almost certain he does not," replied the baronet. "But sit up—we will soon see what he is made of. I will touch him on the cross that we have got up together."

The two friends resumed the discussion of their supper, and in a few minutes began to converse with each other in a tone loud enough to be heard—and intended also to be so heard—in the next box.

"And so you really think the Haggerstone Pet will beat the Birmingham Bruiser, Mr. Chichester?" observed the baronet, in a tone of mere friendly courtesy.

"I am convinced of it, Sir Rupert, in spite of the odds," was the answer, delivered in the same punctilious manner. "Will you take my four ponies upon the Haggerstone Pet to five?"

"Done, Mr. Chichester!" cried the baronet: then drawing out a betting-book from the breast-pocket of his coat, he proceeded to enter the wager, saying aloud and in a measured tone as he did so, "Back Birmingham Bruiser against Haggerstone Pet—five ponies to four—Honourable—Arthur—Chichester. There it is!"

This ceremony was followed on the part of Mr. Chichester, who, having produced his book, wrote down the wager, saying, "Back Haggerstone Pet against Birmingham Bruiser—four ponies to five—Sir—Rupert—Harborough—baronet."