But Sir Horsey de Freyne is not convinced, and goes off to see what he can get laid him against the mare.

“S’pose you’ve backed the favourite, old chap?” inquires another shining light at Sir Reggie’s elbow.

“Yes,” answers this latter shortly.

“Had a plunge, eh?” persists the golden youth, who doesn’t know a horse from a cow.

“Have got £100,000 on him,” is Sir Reggie’s curt reply. He is looking through his glasses, and his face is rather white.

“Oh! I say,” blurts out the youth, as he edges off to tell all those who will listen to him; “I say, you know, Desmond’s laid out £100,000 on the favourite.”

There is a murmur in the stands; it runs through them all like an electric shock. “They’re off!” is the hoarse cry that resounds suddenly from hundreds of throats. To an excellent start, Lord Marcovitch Bolster has despatched the lot, and as they all stare through their glasses, they can perceive that Hamptonian has taken up the running, closely followed by Masterman Ready, Holyoakes, and Kesteven. Lying fifth is the favourite, and two lengths behind him gleams a flashing spot of gold. A strange horse is overhauling the lot, Hamptonian drops back, and the stranger creeping to the front makes the pace terrific. But fast as he goes he cannot shake off the chestnut, who apparently without effort is going easily enough, and keeping his place as fifth in the crowd. Now the spot of gold seems nearer up; it passes Corrie Glen, and falls into fourth place, Kesteven retiring to the rear. They are racing down the incline. Masterman Ready begins to tire, and the spot of flashing gold closes up to Holyoakes. These two come along neck and neck, Corrie Glen just behind them, the strange horse still in the van. Tattenham Corner is reached. They round it in the order named, and enter the straight; but here the stranger is in difficulties, and Holyoakes and Black Queen, on which sits the spot of gold rigid almost as marble, begin to close upon him. A little more than a quarter of a mile from home they reach him, and he flings up the sponge, retiring to the rear. There are only three horses left in the race now, Holyoakes, Black Queen, and Corrie Glen. This latter is drawing up to the first two named, with great raking strides he is alongside them, and quickly the three are abreast. A distant roar sounds in Bernie’s ears, there is a film over his eyes, his heart feels as if it must stop beating, but he sits very still, and does not attempt to urge his horse any faster. Suddenly he sees a flash on his left. The jockey who is riding Holyoakes has his whip out, and Bernie knows he has nothing any longer to fear from him. He glances to the right; the great chestnut is flashing along; there is no whip needed there.

“Oh God! let me win,” bursts from the boy’s pale lips, as he tightens his rein ever so little, and touches the mare gently with the spur. He is surprised at the effect. He thought she had been going fast before, but she is going faster now. She is quite a length ahead of Corrie Glen, and the jockey of this latter is visibly surprised. He has begun to ride the horse at last, and his whip is actually out.

“Corrie Glen wins! Corrie Glen wins!” comes the wild shout from the stands, as the noble chestnut, with a supreme effort, closes with the Black Queen. They are hardly fifty yards from the winning post; the roar is terrific. Bernie hears it, but he can see nothing now. He makes, however, a final effort, and calls on the mare once more; he has never used his whip.

“Corrie Glen wins! Corrie Glen wins!” The words pierce to his brain. He has done his best, he cannot do more; he knows this well; yet would to God he could win!