"Peytonia!" I echoed breathlessly, "did Peytonia win?"

"Of course she won. Did n't you see the race?"

For a moment I simply could n't speak, but clasping the tighter my precious ticket, I swallowed heroically at the lump in my throat, while Murray, unmindful of my silence, continued.

"You see, Jack, after I left you, I got it straight from a friend of mine that Maid Marian was out of condition, which left the race, it seemed to me, a walk-over for Senator Irby. Well, it looked like a good chance to make a 'killin',' and I put twenty on him at two and a half to one. Of course I could n't figure on getting nosed out by a hundred to one shot, but that's the luck I always play in. Well, I 'll get it back on the third race; I've got a 'cinch' in that. You understand though, Jack," he added, stopping suddenly, "you have only a dollar's interest in the losing—I had no right to bet but $2, as was originally agreed."

Just here I foresaw a peculiar complication, and I was glad that, in my desire to appear properly nonchalant, I had not as yet announced my good fortune.

"Why, Murray," I exclaimed, slipping my ticket into my pocket, "you are absolutely absurd. We agreed to share and share alike in the day's transactions, and I shall insist upon it. Suppose Senator Irby had won instead of losing, would you have offered me but a dollar's interest in the winning, simply because I did n't know you were going to bet so much?"

"Of course not, you should have had your half; but that is a very different thing."

"Different in result perhaps, but not in principle; besides, come to think of it, I made a little bet myself."

"You did—how much?"

"Oh, only $2."