"Good-day," answered Pani Elzen, somewhat dryly. "Is this your hour?"

"It is. Mornings, I shoot at pigeons with Wilkis Bey, so I cannot ride lest I disturb my pulse. I am now seven pigeons ahead of him. Do you know that the 'Formidable' comes to Villa Franca to-day, and to-morrow the admiral will give a ball on deck?"

"We saw it arrive."

"I was just going to Villa Franca to see one of the officers whom I know, but it is late. If you permit, I will go with you to Monte Carlo."

Pani Elzen nodded, and they went on together. De Sinten, since he was a horseman by nature, began at once to speak of the "hunter," on which he had come.

"I bought him from Waxdorf," said he. "Waxdorf lost at trente et quarante, and needed money. He bet inverse, and hit on a lucky series, but afterward fortune changed." Here he turned to the horse. "He is of pure Irish blood, and I will give my neck that there is not a better hunter on the whole Cornice; but it is difficult to mount him."

"Is he vicious?" inquired Svirski.

"Once you are in the saddle, he is like a child. He is used to me; but you, for instance, could not mount him."

At this Svirski, who in matters of sport was childishly vain, asked at once,—

"How is that?"