“Ah, Lisgard, how are you?” returned he coolly. “How came it that I missed you just now in the Paddock? Haven't seen you since that morning on Mirk Down. So we're going to try that race over again, eh?”

“I think you were asking for odds, my Lord, about the black horse being placed?” rejoined the captain, pale with passion at the sarcasm that lurked in the other's tone.

“Yes, so I was. There has something gone amiss, they say, with him. I'll take 4 to 1 in fifties—hundreds, if you like.”

“Don't do it,” whispered Derrick eagerly. “Don't you see what the scoundrel reckons upon? If the horse runs straight, he will win the race, but if he jibs, he will be nowhere. He is therefore taking odds where he ought to give them.”

“You don't take me, eh?” continued his Lordship. “Well, I think your friend advises you wisely. See, the horses are moving towards the hill Like myself, you have no stall, I conclude. Where are you going to place yourself? I think I shall remain below here on the green.”

“Then I shall see the race from the roof my Lord,” answered the captain savagely, and thither he and his companion betook themselves accordingly.

To look down from that elevation upon Epsom Downs just before the start for the Great Race, is to behold a wondrous spectacle. Men—a quarter of a million or so—as black and thick as bees, and emitting much such a hum and clangour as attends the swarming of those perilous insects; and the carriages, twelve deep—dwarfed to much the same proportions as those chariots which used to be dragged in public by the Industrious Fleas. But raise your race-glass, and with a single sweep you survey every social degree of human life; from the duchess to the poor drunken hag on the look-out for empty bottles; from the peer to the ragged thief who bides his moment to snatch his booty from his Lordship's carriage-seat. This rascal's opportunity is coming. If there are five minutes in an Englishman's life in which he is indifferent to the preservation of his property, it is those five which are now at hand when that little jockey rainbow yonder is gathering on the hill. Thirty of the fleetest horses in the world are about to contend for the greatest prize that horse can win: it is not that circumstance, however, which makes so many hearts go pit-a-pat, keeps all lips sealed, and rivets every eye, except that of the pickpocket and his natural enemy the policeman, upon that shifting speck of colour. All are aware of the enormous interests that hang upon the result impending, even if they have none themselves; vague hut gigantic shadows of loss and gain forecast themselves upon every mind. In a few seconds more, certain unknown scoundrels—fellow-creatures, however, with whom we have indissoluble sympathies—will be enriched beyond the dreams of avarice; and certain other poor devils will be ruined. A solemn hush pervades all Pandemonium. The very organ-grinders cease their hateful discord; the vendors of race-cards give their lungs brief respite; the proprietors of Aunt Sallies intermit their useless cry of “Three throws a penny,” and stand on tiptoe, with their fasces beneath their arms, as eager as my Lord who totters insecure erect upon the front seat of his drag. Nervous folks see all these things because they cannot keep their eyes fixed where they would. A sudden roar breaks forth, not in the least like human speech, but it means that They are Off!

Are they off, Ralph?” inquires Master Walter of his companion, “or is it a lie?” His small and well-gloved hand is trembling so, that his race-glass gives him views like a kaleidoscope. Splendour or Penury—nay, worse, or Shame await him, and are at the threshold. He knows not yet the foot of which it is that draws so nigh; and he dares not look forth to see.

“They are not off yet, lad,” returned Ralph; and even he has to swallow something which appears to be in his throat, but is not, before he can give that assurance.

Master Walter draws a long breath, for this is a reprieve, and endeavours once more to fix his eyes upon the dancing horses; but it is the retina of the mind only which presents its image. He beholds his mother's face, paler and more careworn than ever, sharpened with pain, through something which she has learned since——