Later in the night it became generally known that Platt had finished Highdrift's business for him by offering 10 to 1 as often as anyone would take it, and everyone concluded the horse would not run.

Disquieting rumours about the favourite had reached the duchess from time to time, but she could not ask Moordown for an explanation, as he kept out of her circle. When, however, she overheard this remark, "They say Moordown is hard up, and has given a laying commission to Billy Platt," she went in search of him. She found him leaning against a pillar at the entrance to the conservatory.

"Truant," she exclaimed, with an enchanting smile, and striking him a smart blow on the shoulder with her fan. "Why have you deserted me?"

"I was not vain enough to think I would be missed."

"You were in error. I have come in quest of you."

"I wish I could believe that, flatterer."

"You may; it is the truth. I was really anxious about you. Now tell me everything. What is the matter with Highdrift?"

"Nothing whatever; the horse was never better."

"Then what means these scandalous reports?"

"All I can say is that I don't originate them."