“Backed her on your own just because that young ‘Cocoon’ told you he fancied her!”

‘Jimmy’ looked up from the table in his ‘office,’ where he was sitting in wait for the scanty custom of the Long Vacation.

“She’s not his horse,” he said sullenly. “I wasn’t going to have him get the cream.”

“What did you put on?” growled Pulcher.

“Took five hundred to thirty and fifteen twenties.”

“An’ see what it’s done—knocked the bottom out of the commission. Am I to take that fifty as part of it?”

‘Jimmy’ nodded.

“That leaves an ’undred to invest,” said Pulcher, somewhat mollified. He stood, with his mind twisting in his thick, still body. “It’s no good waitin’ now,” he said; “I’ll work the rest of the money on to-day. If I can average tens on the balance, we’ll ’ave six thousand three hundred to play with and the stakes. They tell me Jenning fancies this Diamond Stud of his. He ought to know the form with Callĭōpe, blast him! We got to watch that.”

They had! Diamond Stud, a four-year-old with eight stone two, was being backed as if the Cambridgeshire were over. From fifteens he advanced to sevens, thence to favouritism at fives. Pulcher bit on it. Jenning must know where he stood with Calliope! It meant—it meant she couldn’t win! The tactician wasted no time in vain regret. Establish Calliope in the betting and lay off! The time had come to utilise The Shirker.