The Haymarket Handicap being a first-rate betting race, the publication of the weights is eagerly expected by Mr. Saltem, who is acting manager of this little play; and so, on the afternoon of the calendar day, when old Bob Girths, a waif of the turf, comes rushing into a tavern in St. Martin's Lane with a copy of the weights, a half-sovereign, and a quartern of gin besides, is cheerfully bestowed on him by Mr. Saltem. In a moment, by a glance at the sheet, that gentleman has comprehended the situation—"Conspirator, 6 st. 5 lb., glorious!" he exclaims sotto voce; "daren't have given him less myself."

A wire in key is at once sent off to Sweatmore, the trainer, and then the acceptances, which are not due till the following Tuesday, are impatiently waited for, and when obtained, eagerly scanned. Fifty-nine out of the ninety-two entered remain in the handicap, Beef Eater is top weight, and so the original imposts assigned remain unaltered.

A good deal of betting on the "H.H.," as it was called by the turfites, had taken place, both previous to the entries and while waiting for the acceptances, and it was known that an occasional 1,000 to 10, and three or four times 1,000 to 16 had been picked up by some "mugs" about Conspirator, but the so-called "mugs" were men who had been inspired by Saltem. No great move, however, was made by that astute person till the acceptances were declared, and he had seen with whom he had to do battle.

Burglar, a six-year-old, with 7 st. 4 lb. to carry, who won the rich Covent Garden Cup two years previously and is in the same interest as Conspirator, is made favourite as soon as the active work of betting begins, whilst Conspirator is quoted at 40 to 1 offered.

"Just the thing for us," is the opinion of Saltem, "and now for the commission."

Sweatmore runs up from the stable to hold a conference with Saltem. In his opinion they have only one horse to fear, and that horse is Diddle-em, an animal not unknown to fame, a five-year-old, weighted at 7 st. "Well, it belongs on the quiet to Job Goodchild, the bookmaker, Diddle-em does," says Saltem, "and we can easily square Job, I think, by letting him in the swim."

So they agree to do so, and Goodchild being let into the swim, a plan of operation is at once arranged for getting on the money.

First of all, by means of a little newspaper strategy, Burglar is made a "great pot," as it is called, for the handicap; "that horse," says one of the sporting prints, "has cleaned out the stable with the greatest ease, and if he can beat Diddle-em he has the 'H.H.' at his mercy." Then comes the corollary, vide the market reports: "Burglar 100 to 8 taken freely; Diddle-em 14 to 1 taken and offered; The Beak 16 to 1; The Artful Dodger 20 to 1 offered; Conspirator 33 to 1 offered, forties wanted."

Such is the state of the odds, when one afternoon at the King's Club, "I'll lay 1,000 to 20 or any part of it against Conspirator," is shouted, but no one responds; and as all over the country the horse is on offer at these odds, a favourable opportunity is presented for working the commission, 50 to 1 being esteemed a nice price.